Forward Air Corporation (FWRD) financial statements (2021 and earlier)

Company profile

Business Address 1915 SNAPPS FERRY ROAD
GREENEVILLE, TN 37745
State of Incorp. TN
Fiscal Year End December 31
SIC 4731 - Arrangement of Transportation of Freight and Cargo (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 investments406526493341
Cash and cash equivalents406526493341
Receivables15615015614311710995
Inventory, net of allowances, customer advances and progress billings 221111
Inventory 221111
Disposal group, including discontinued operation21      
Other current assets7      
Other undisclosed current assets21191714103012
Total current assets:246236201163136173150
Noncurrent Assets
Operating lease, right-of-use asset123 
Property, plant and equipment190213210206200187172
Intangible assets, net (including goodwill)390349313303291333217
Goodwill245221199192185206144
Intangible assets, net (excluding goodwill)14512811411110712873
Disposal group, including discontinued operation, noncurrent assets53      
Other undisclosed noncurrent assets4519336161362
Total noncurrent assets:801755559525505527392
TOTAL ASSETS:1,047991760688641700542
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75656753444539
Accounts payable38303525182321
Accrued liabilities1819151514119
Employee-related liabilities1916171312108
Taxes payable   00 1
Debt270028560
Disposal group, including discontinued operation26      
Self insurance reserve20      
Customer advances and deposits0010
Other liabilities11      
Other undisclosed current liabilities386586684
Total current liabilities:17213775607810943
Noncurrent Liabilities
Long-term debt and lease obligation1937247411291
Long-term debt, excluding current maturities112674740 28 
Capital lease obligations500111
Operating lease, liability80 
Liabilities, other than long-term debt541538554645234
Deferred tax liabilities, net443729424025
Other liabilities5459482422128
Self insurance reserve 50     
Total noncurrent liabilities:24722513294648135
Total liabilities:41836220715414219078
Stockholders' equity
Stockholders' equity attributable to parent547577553533499510464
Common stock0000000
Additional paid in capital243227210195180161130
Retained earnings304350343338319349333
Total stockholders' equity:547577553533499510464
Other undisclosed liabilities and equity8252     
TOTAL LIABILITIES AND EQUITY:1,047991760688641700542

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
Revenues1,2701,4101,3211,101983959781
Cost of revenue(1,075)(1,056)(989)(536)(480)(473)(402)
Cost of goods and services sold(651)(639)(614)(523)(452)(446)(370)
Gross profit:194354332565503487379
Operating expenses(120)(235)(210)(457)(443)(405)(283)
Operating income:74119122109608296
Nonoperating expense(5)(3)(2)(1)(2)(2)(0)
Other nonoperating income (expense)(0)(0)(0)(0)0(0)0
Interest and debt expense(5)(3)(2)(1)(2)(2)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes5321221
Income from continuing operations before income taxes:69116120107588096
Income tax expense(17)(29)(28)(20)(31)(24)(35)
Net income:53879287285661
Other undisclosed net loss attributable to parent(29)      
Net income attributable to parent:24879287285661
Undistributed earnings (loss) allocated to participating securities, basic(0)(1)(1) 
Net income available to common stockholders, diluted:23869187285661

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:53879287285661
Comprehensive income:53879287285661
Other undisclosed comprehensive loss, net of tax, attributable to parent(29)      
Comprehensive income, net of tax, attributable to parent:24879287285661

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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