Covenant Transportation Group, Inc. (CVTI) financial statements (2021 and earlier)

Company profile

Business Address 400 BIRMINGHAM HIGHWAY
CHATTANOOGA, TN 37419
State of Incorp. NV
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 investments84423158421
Cash and cash equivalents84423158421
Receivables9517315211510012196
Prepaid expense12121291199
Derivative instruments and hedges, assets   14 13
Disposal group, including discontinued operation 12313264
Assets held-for-sale, not part of disposal group15     
Deferred tax assets    15
Other current assets0112   
Other undisclosed current assets181321191013(1)
Total current assets:148254212162135173157
Noncurrent Assets
Property, plant and equipment391517451464465454382
Long-term investments and receivables      12
Long-term investments      12
Intangible assets, net (including goodwill)677274   0
Goodwill434342    
Intangible assets, net (excluding goodwill)253033   0
Regulated entity, other noncurrent assets      1
Deposits noncurrent assets      1
Disposal group, including discontinued operation, noncurrent assets10      
Other noncurrent assets61383723202115
Other undisclosed noncurrent assets      (14)
Total noncurrent assets:529627562487486475397
TOTAL ASSETS:677882774650621647554
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70587238404249
Accounts payable32262212131210
Accrued liabilities39325027273039
Debt31823628284829
Liability for uncertainty in income taxes1133332
Disposal group, including discontinued operation1      
Other liabilities10 03198
Other undisclosed current liabilities29211712141416
Total current liabilities:1331611278188126104
Noncurrent Liabilities
Long-term debt and lease obligation80267202186188207173
Long-term debt, excluding current maturities48200167164169197160
Finance lease, liability1126
Capital lease obligations3522201113
Operating lease, liability2141
Liabilities, other than long-term debt17310310187108112108
Accounts payable and accrued liabilities44202222212223
Deferred tax liabilities, net7763847774
Deferred income tax liabilities7580
Disposal group, including discontinued operation, liabilities44      
Other liabilities1032231211
Total noncurrent liabilities:253370303273296319281
Total liabilities:386532430354384445385
Stockholders' equity
Stockholders' equity attributable to parent, including:291350343295236202169
Treasury stock, value(17)   (1)(3) 
Additional paid in capital143142142137138140141
Accumulated other comprehensive income (loss)(2)(1)00(3)(18)(13)
Retained earnings1662092011571028341
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:291350343295236202169
TOTAL LIABILITIES AND EQUITY:677882774650621647554

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
Revenues839895885705671724719
Revenue, net705671724719
Cost of revenue(705)(770)(43)(49)(12)(32)(272)
Cost of goods and services sold(196)(243)(43)(49)(12)(32)(272)
Gross profit:134124842656659692447
Operating expenses(148)(108)(826)(677)(638)(656)(679)
Other undisclosed operating income  43491232272
Operating income (loss):(14)165928326840
Nonoperating expense     (8)(11)
Interest and debt expense(7)(11)(9)(8)(8)(0)(11)
Income (loss) from continuing operations before equity method investments, income taxes:(21)55020245918
Income from equity method investments4783354
Other undisclosed income from continuing operations before income taxes     011
Income (loss) from continuing operations before income taxes:(17)125823276433
Income tax expense (benefit)3(3)(16)32(10)(22)(15)
Net income (loss):(14)84355174218
Other undisclosed net loss attributable to parent(29)      
Net income (loss) available to common stockholders, diluted:(43)84355174218

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 (loss):(14)84355174218
Other comprehensive income (loss) (1)(0)315(4)(14)
Comprehensive income (loss):(14)7425832384
Other undisclosed comprehensive loss, net of tax, attributable to parent(30)      
Comprehensive income (loss), net of tax, attributable to parent:(44)7425832384

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: