Covenant Transportation Group, Inc. (CVTI) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44231584219
Cash and cash equivalents44231584219
Receivables1731521151001219680
Prepaid expense12129119910
Derivative instruments and hedges, assets  14 13 
Disposal group, including discontinued operation12313264 
Assets held-for-sale7
Income taxes receivable0
Deferred tax assets    155
Other current assets112    
Other undisclosed current assets1321191013(1)11
Total current assets:254212162135173157123
Noncurrent Assets
Property, plant and equipment517451464465454382330
Long-term investments and receivables     129
Long-term investments     129
Intangible assets, net (including goodwill)7274   00
Goodwill4342     
Intangible assets, net (excluding goodwill)3033   00
Derivative instruments and hedges      1
Regulated entity, other noncurrent assets     11
Deposits noncurrent assets     11
Other noncurrent assets38372320211513
Other undisclosed noncurrent assets     (14)(12)
Total noncurrent assets:627562487486475397343
TOTAL ASSETS:882774650621647554466
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58723840424937
Accounts payable2622121312108
Accrued liabilities32502727303928
Debt82362828482956
Liability for uncertainty in income taxes1333322
Other liabilities0 03198 
Other undisclosed current liabilities21171214141615
Total current liabilities:1611278188126104109
Noncurrent Liabilities
Long-term debt and lease obligation267202186188207173183
Long-term debt, excluding current maturities200167164169197160169
Finance lease, liability26
Capital lease obligations352220111313
Operating lease, liability41
Liabilities, other than long-term debt1031018710811210860
Accounts payable and accrued liabilities202222212223 
Deferred tax liabilities, net776384777459
Deferred income tax liabilities80
Other liabilities322312111
Other undisclosed noncurrent liabilities      14
Total noncurrent liabilities:370303273296319281257
Total liabilities:532430354384445385366
Stockholders' equity
Stockholders' equity attributable to parent, including:350343295236202169100
Treasury stock, value   (1)(3) (12)
Additional paid in capital14214213713814014189
Accumulated other comprehensive income (loss)(1)00(3)(18)(13)1
Retained earnings209201157102834123
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:350343295236202169100
TOTAL LIABILITIES AND EQUITY:882774650621647554466

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues895885705671724719685
Revenue, net705671724719685
Cost of revenue(770)(43)(49)(12)(32)(272)(283)
Cost of goods and services sold(243)(43)(49)(12)(32)(272)(283)
Gross profit:124842656659692447402
Operating expenses(108)(826)(677)(638)(656)(679)(664)
Other undisclosed operating income 43491232272283
Operating income:16592832684020
Nonoperating expense    (8)(11)(10)
Interest and debt expense(11)(9)(8)(8)(0)(11)(10)
Income (loss) from continuing operations before equity method investments, income taxes:55020245918(0)
Income from equity method investments7833543
Other undisclosed income from continuing operations before income taxes    01110
Income from continuing operations before income taxes:12582327643313
Income tax expense (benefit)(3)(16)32(10)(22)(15)(8)
Net income available to common stockholders, diluted:843551742185

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:843551742185
Other comprehensive income (loss)(1)(0)315(4)(14)1
Comprehensive income, net of tax, attributable to parent:74258323846

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.

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