Heartland Express, Inc. (HTLD) Financial Statements (2023 and Earlier)

Company Profile

Business Address 901 HEARTLAND WAY
NORTH LIBERTY, IA 52317
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4213 - Trucking, Except Local (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments157,742 76,684161,44875,378
Cash and cash equivalents157,742 76,684161,44875,378
Receivables56,907 57,07649,12570,686
Prepaid expense9,168 9,1079,37810,989
Other current assets9,406 8,94712,55113,782
Total current assets:233,223 151,814232,502170,835
Noncurrent Assets
Property, plant and equipment487,915 526,287403,120442,862
Intangible assets, net (including goodwill)190,650 195,431146,904149,432
Goodwill168,295 168,295132,410132,410
Intangible assets, net (excluding goodwill)22,355 27,13614,49417,022
Deferred income tax assets  6,006
Other noncurrent assets16,754 19,39319,15224,261
Other undisclosed noncurrent assets   4,5351,737
Total noncurrent assets:695,319 747,117573,711618,292
TOTAL ASSETS:928,542 898,931806,213789,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20,538 11,06010,55214,366
Accrued liabilities   9,44912,835
Employee-related liabilities21,411 24,71222,55826,752
Other undisclosed accounts payable and accrued liabilities(873) (13,652)(21,455)(25,221)
Due to related parties    100
Self insurance reserve15,677 17,58422,13021,368
Other undisclosed current liabilities35,379 34,76332,00739,487
Total current liabilities:71,594 63,40764,68975,321
Noncurrent Liabilities
Liabilities, other than long-term debt39,875 57,167125,552139,161
Accounts payable and accrued liabilities5,491 5,9565,5778,147
Deferred tax liabilities, net71,04165,488
Self insurance reserve34,384 51,21148,93465,526
Other undisclosed noncurrent liabilities89,971 93,698  
Total noncurrent liabilities:129,846 150,865125,552139,161
Total liabilities:201,440 214,272190,241214,482
Stockholders' equity
Stockholders' equity attributable to parent727,102 684,659615,972574,645
Common stock907 907907907
Treasury stock, value(202,321) (147,055)(148,651)(123,954)
Additional paid in capital4,141 4,1413,4543,518
Retained earnings924,375 826,666760,262694,174
Total stockholders' equity:727,102 684,659615,972574,645
TOTAL LIABILITIES AND EQUITY:928,542 898,931806,213789,127

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues607,284 596,815610,803607,336
Cost of revenue(512,165) (503,935)(514,634)(295,160)
Cost of goods and services sold(159,987) (162,765)(177,382)(175,236)
Gross profit:95,119 92,88096,169312,176
Operating expenses10,288 1,395(6,382)(248,632)
Operating income:105,407 94,27589,78763,544
Nonoperating income
(Investment Income, Nonoperating)
640 3,9552,1301,129
Interest and debt expense  (1,052) (175)
Income from continuing operations before income taxes:106,047 97,17891,91764,498
Income tax expense (benefit)(26,770) (24,211)(19,240)10,675
Net income available to common stockholders, diluted:79,277 72,96772,67775,173

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:79,277 72,96772,67775,173
Comprehensive income, net of tax, attributable to parent:79,277 72,96772,67775,173

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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