Daseke, Inc. (DSKE) Financial Statements (2024 and earlier)

Company Profile

Business Address 15455 DALLAS PKWY
ADDISON, TX 75001
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 47 - Transportation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments153,400147,500176,20095,70045,97490,679
Cash and cash equivalents153,400147,500176,20095,70045,97490,679
Receivables186,900180,000162,400206,000214,667132,251
Prepaid expense   19,40013,40012,64911,828
Asset, held-for-sale, not part of disposal group    3,6003,573 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases16,21310,979
Other current assets37,90022,6006003,1004,41112,225
Other undisclosed current assets   6,5005,30010,5638,749
Total current assets:378,200350,100365,100327,100308,050266,711
Noncurrent Assets
Operating lease, right-of-use asset107,600108,300121,10095,900
Property, plant and equipment488,300397,700402,700439,000572,719429,639
Intangible assets, net (including goodwill)217,900227,000233,900249,000467,156395,822
Goodwill137,300140,100140,100139,900258,365302,702
Intangible assets, net (excluding goodwill)80,60086,90093,800109,100208,79193,120
Other noncurrent assets3,4004,3004,10029,60042,94333,496
Total noncurrent assets:817,200737,300761,800813,5001,082,818858,957
TOTAL ASSETS:1,195,4001,087,4001,126,9001,140,6001,390,8681,125,668
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,10081,50077,40080,20073,65745,031
Interest and dividends payable1,100500500458540
Taxes payable2,300 1,7003,259378
Employee-related liabilities32,90029,90028,20021,69814,004
Accounts payable14,70014,70016,50020,50022,16012,488
Accrued liabilities80,40030,50030,50029,30026,08217,621
Debt8,7008,00062,50059,40063,53543,056
Other liabilities    48,80021,865 
Other undisclosed current liabilities140,000122,70050,80031,40034,80219,981
Total current liabilities:243,800212,200190,700219,800193,859108,068
Noncurrent Liabilities
Long-term debt and lease obligation, including: 81,10096,000 702,415630,446
Long-term debt, excluding current maturities    622,650569,740
Other undisclosed long-term debt and lease obligation     79,76560,706
Liabilities, other than long-term debt176,30086,70076,500148,8005311,632
Deferred income tax liabilities95,00085,10070,00069,900
Other liabilities1,7001,6006,50078,9005311,632
Operating lease, liability79,60081,10096,000 
Other undisclosed noncurrent liabilities 582,300531,400624,900633,30047,06534,289
Total noncurrent liabilities:758,600699,200797,400782,100750,011666,367
Total liabilities:1,002,400911,400988,1001,001,900943,870774,435
Equity
Equity, attributable to parent, including:193,000176,000138,800138,700446,998351,233
Additional paid in capital293,100387,800401,600437,500433,867277,931
Accumulated other comprehensive income (loss)(400)  (400)(870)959
Retained earnings (accumulated deficit)(232,300)(276,800)(327,800)(363,400)(51,005)7,338
Other undisclosed equity, attributable to parent132,60065,00065,00065,00065,00665,005
Total equity:193,000176,000138,800138,700446,998351,233
TOTAL LIABILITIES AND EQUITY:1,195,4001,087,4001,126,9001,140,6001,390,8681,125,668

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,773,3001,556,8001,454,1001,737,0001,613,082846,304
Revenue, net846,304
Cost of revenue(1,460,300)(1,252,900)(1,187,000)(1,756,900)(45,826)(23,962)
Cost of goods and services sold(76,700)(65,300)(70,500)(212,000)(45,826)(23,962)
Gross profit:313,000303,900267,100(19,900)1,567,256822,342
Operating expenses(214,600)(191,100)(231,700)(292,200)(1,591,171)(839,289)
Other undisclosed operating income     45,82623,962
Operating income (loss):98,400112,80035,400(312,100)21,9117,015
Nonoperating income (expense)(28,600)80014,9001,8001,162740
Other nonoperating income (expense)(700)80014,9001,8001,162740
Interest and debt expense(35,400)(33,500)(44,900)(52,700)(45,505)(33,439)
Income (loss) from continuing operations before equity method investments, income taxes:34,40080,1005,400(363,000)(22,432)(25,684)
Other undisclosed income (loss) from continuing operations before income taxes35,4001,900(1,500)1,0001,323398
Income (loss) from continuing operations before income taxes:69,80082,0003,900(362,000)(21,109)(25,286)
Income tax expense (benefit)(19,600)(26,000)20054,60015,92252,282
Income (loss) from continuing operations:50,20056,0004,100(307,400)(5,187)26,996
Income (loss) before gain (loss) on sale of properties:56,0004,100(307,400)(5,187)26,996
Net income (loss) attributable to parent:50,20056,0004,100(307,400)(5,187)26,996
Preferred stock dividends and other adjustments  (5,000) (5,000)(4,956)(4,964)
Other undisclosed net loss available to common stockholders, basic(5,700) (4,900)   
Net income (loss) available to common stockholders, basic:44,50051,000(800)(312,400)(10,143)22,032
Dilutive securities, effect on basic earnings per share 100400    
Net income (loss) available to common stockholders, diluted:44,60051,400(800)(312,400)(10,143)22,032

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):50,20056,0004,100(307,400)(5,187)26,996
Comprehensive income (loss):50,20056,0004,100(307,400)(5,187)26,996
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(400) 400500(1,829) 
Comprehensive income (loss), net of tax, attributable to parent:49,80056,0004,500(306,900)(7,016)26,996

Statements Sources

The financial statements are based on the Company's filings with 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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