ArcBest Corporation (ARCB) financial statements (2021 and earlier)
Company profile
| Business Address |
8401 MCCLURE DRIVE FORT SMITH, AR 72916 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4213 - Trucking, Except Local (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 369 | 318 | 297 | 177 | 171 | 227 | 203 | ||
| Cash and cash equivalents | 304 | 202 | 190 | 121 | 114 | 165 | 157 | ||
| Short-term investments | 65 | 117 | 107 | 56 | 57 | 62 | 46 | ||
| Restricted cash and investments | 1 | 1 | 1 | ||||||
| Receivables | 335 | 301 | 316 | 299 | 274 | 243 | 235 | ||
| Prepaid expense | 38 | 30 | 25 | 22 | 22 | 21 | 21 | ||
| Deferred tax assets | ✕ | ✕ | 40 | 38 | 40 | ||||
| Other current assets | 4 | 5 | 9 | 12 | 4 | 4 | 5 | ||
| Other undisclosed current assets | 11 | 9 | 2 | 12 | 10 | 18 | 10 | ||
| Total current assets: | 758 | 664 | 649 | 522 | 522 | 552 | 515 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 115 | 68 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 679 | 684 | 631 | 591 | 533 | 483 | 410 | ||
| Intangible assets, net (including goodwill) | 143 | 147 | 177 | 182 | 189 | 173 | 150 | ||
| Goodwill | 88 | 88 | 108 | 108 | 109 | 96 | 77 | ||
| Intangible assets, net (excluding goodwill) | 55 | 59 | 69 | 73 | 81 | 77 | 73 | ||
| Disposal group, including discontinued operation, noncurrent assets | 0 | ||||||||
| Deferred income tax assets | 6 | 8 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 77 | 80 | 74 | 64 | 66 | ||||
| Other undisclosed noncurrent assets | 7 | 6 | 55 | 53 | |||||
| Total noncurrent assets: | 1,021 | 987 | 890 | 843 | 788 | 711 | 613 | ||
| TOTAL ASSETS: | 1,779 | 1,651 | 1,539 | 1,366 | 1,310 | 1,263 | 1,128 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 418 | 367 | 397 | 341 | 323 | 320 | 376 | ||
| Accounts payable | 171 | 134 | 144 | 129 | 133 | 131 | 104 | ||
| Accrued liabilities | 247 | 229 | 243 | 211 | 190 | 189 | 195 | ||
| Employee-related liabilities | 4 | 9 | 68 | ||||||
| Taxes payable | 0 | 0 | 2 | 0 | 0 | 9 | |||
| Deferred revenue | 1 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 67 | 57 | 54 | 62 | 64 | 45 | 25 | ||
| Self insurance reserve | 96 | ||||||||
| Other undisclosed current liabilities | 21 | 20 | (156) | ||||||
| Total current liabilities: | 507 | 444 | 451 | 403 | 387 | 365 | 341 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 217 | 266 | 238 | 207 | 180 | 168 | 102 | ||
| Operating lease, liability | 98 | 52 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 119 | 214 | 238 | 207 | 180 | 168 | 102 | ||
| Liabilities, other than long-term debt | 129 | 125 | 76 | 55 | 144 | 142 | 123 | ||
| Deferred tax liabilities, net | ✕ | ✕ | 91 | 78 | 64 | ||||
| Deferred income tax liabilities | 72 | 66 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 19 | 20 | 32 | 40 | 36 | 51 | 42 | ||
| Other liabilities | 38 | 39 | 45 | 16 | 17 | 13 | 17 | ||
| Total noncurrent liabilities: | 346 | 392 | 314 | 262 | 324 | 310 | 226 | ||
| Total liabilities: | 853 | 836 | 765 | 665 | 711 | 674 | 567 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 829 | 763 | 718 | 651 | 599 | 589 | 561 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (111) | (105) | (95) | (86) | (80) | (71) | (58) | ||
| Additional paid in capital | 342 | 334 | 326 | 319 | 315 | 310 | 303 | ||
| Accumulated other comprehensive income (loss) | 1 | 0 | (14) | (21) | (23) | (27) | (23) | ||
| Retained earnings | 596 | 533 | 501 | 438 | 387 | 377 | 339 | ||
| Total stockholders' equity: | 829 | 763 | 718 | 651 | 599 | 589 | 561 | ||
| Other undisclosed liabilities and equity | 98 | 52 | 56 | 49 | |||||
| TOTAL LIABILITIES AND EQUITY: | 1,779 | 1,651 | 1,539 | 1,366 | 1,310 | 1,263 | 1,128 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,940 | 2,988 | 3,094 | 2,826 | 2,700 | 2,667 | 2,613 | |
| Revenue, net | ✕ | ✕ | ✕ | 2,826 | 2,700 | 2,667 | 2,613 | |
| Cost of revenue | (2,706) | (2,763) | (2,814) | (1,233) | (1,158) | (1,143) | ||
| Gross profit: | 234 | 225 | 280 | 1,594 | 1,542 | 1,524 | 2,613 | |
| Operating expenses | (136) | (162) | (171) | (1,540) | (1,513) | (1,449) | (2,543) | |
| Operating income: | 98 | 64 | 109 | 54 | 29 | 75 | 69 | |
| Nonoperating income (expense) | 6 | (1) | (15) | 4 | 4 | 2 | 1 | |
| Investment income, nonoperating | 4 | 6 | 4 | 1 | 2 | 1 | 1 | |
| Other nonoperating income (expense) | 2 | (7) | (19) | 3 | 3 | 0 | 4 | |
| Interest and debt expense | (12) | (11) | (9) | (6) | (5) | (4) | (3) | |
| Income from continuing operations before equity method investments, income taxes: | 92 | 51 | 84 | 52 | 28 | 73 | 67 | |
| Other undisclosed income from continuing operations before income taxes | 3 | |||||||
| Income from continuing operations before income taxes: | 92 | 51 | 84 | 52 | 28 | 73 | 71 | |
| Income tax expense (benefit) | (21) | (11) | (17) | 8 | (10) | (28) | (24) | |
| Net income attributable to parent: | 71 | 40 | 67 | 60 | 19 | 45 | 46 | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (0) | (2) | ||
| Net income available to common stockholders, basic: | 71 | 40 | 67 | 59 | 19 | 44 | 44 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | 0 | |||
| Net income available to common stockholders, diluted: | 71 | 40 | 67 | 59 | 19 | 44 | 44 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 71 | 40 | 67 | 60 | 19 | 45 | 46 | |
| Other comprehensive income (loss) | (0) | (2) | (0) | (0) | (1) | 3 | 8 | |
| Comprehensive income: | 71 | 38 | 67 | 60 | 17 | 48 | 54 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 17 | 10 | 3 | 5 | (7) | (16) | |
| Comprehensive income, net of tax, attributable to parent: | 72 | 54 | 77 | 63 | 23 | 41 | 38 | |
Statements sources
The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.