Forward Air Corporation (FWRD) financial statements (2020 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)

12/31/2019
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 investments6526493341127
Cash and cash equivalents6526493341127
Receivables1501561431171099577
Inventory, net of allowances, customer advances and progress billings2211111
Inventory2211111
Other undisclosed current assets19171410301215
Total current assets:236201163136173150220
Noncurrent Assets
Property, plant and equipment213210206200187172155
Intangible assets, net (including goodwill)349313303291333217129
Goodwill22119919218520614488
Intangible assets, net (excluding goodwill)1281141111071287340
Other undisclosed noncurrent assets193361613623
Total noncurrent assets:755559525505527392286
TOTAL ASSETS:991760688641700542506
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities65675344453923
Accounts payable30352518232116
Accrued liabilities19151514119 
Employee-related liabilities161713121086
Taxes payable  00 1 
Debt700285600
Customer advances and deposits0010
Other undisclosed current liabilities658668412
Total current liabilities:1377560781094335
Noncurrent Liabilities
Long-term debt and lease obligation72474112910
Long-term debt, excluding current maturities674740 28  
Capital lease obligations5001110
Liabilities, other than long-term debt153855464523436
Deferred tax liabilities, net44372942402527
Other liabilities594824221289
Self insurance reserve50      
Total noncurrent liabilities:2251329464813536
Total liabilities:3622071541421907870
Stockholders' equity
Stockholders' equity attributable to parent577553533499510464436
Common stock0000000
Additional paid in capital227210195180161130108
Retained earnings350343338319349333328
Total stockholders' equity:577553533499510464436
Other undisclosed liabilities and equity52      
TOTAL LIABILITIES AND EQUITY:991760688641700542506

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
Revenues1,4101,3211,101983959781652
Cost of revenue(1,056)(989)(536)(480)(473)(402)(336)
Cost of goods and services sold(639)(614)(523)(452)(446)(370)(313)
Gross profit:354332565503487379316
Operating expenses(235)(210)(457)(443)(405)(283)(232)
Operating income:11912210960829684
Nonoperating expense(3)(2)(1)(2)(2)(0)(0)
Other nonoperating income (expense)(0)(0)(0)0(0)00
Interest and debt expense(3)(2)(1)(2)(2)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes3212211
Income from continuing operations before income taxes:11612010758809684
Income tax expense(29)(28)(20)(31)(24)(35)(29)
Net income attributable to parent:87928728566154
Undistributed earnings (loss) allocated to participating securities, basic(1)(1) 
Net income available to common stockholders, diluted:86918728566154

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:87928728566154
Comprehensive income, net of tax, attributable to parent:87928728566154

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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