Knight-Swift Transportation Holdings Inc. (KNX) Financial Statements (2023 and Earlier)
Company Profile
Business Address |
2200 SOUTH 75TH AVENUE PHOENIX, AZ 85043 |
State of Incorp. | |
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 millions)
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 261 | 175 | 168 | 82 | 77 | 89 | 108 | ||
Cash and cash equivalents | 261 | 157 | 160 | 82 | 77 | 89 | 108 | ||
Short-term investments | 19 | 9 | |||||||
Restricted cash and investments | 87 | 39 | 41 | 47 | 74 | 57 | 55 | ||
Receivables | 912 | 584 | 540 | 628 | 634 | 416 | 444 | ||
Prepaid expense | 91 | 72 | 62 | 67 | 59 | ||||
Disposal group, including discontinued operation | 8 | 30 | 42 | 40 | 25 | 7 | 9 | ||
Other current assets | 26 | 21 | 28 | 30 | |||||
Other undisclosed current assets | 29 | 2 | 9 | 13 | 55 | 86 | 90 | ||
Total current assets: | 1,414 | 923 | 890 | 907 | 923 | 656 | 706 | ||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 148 | 113 | 169 | ✕ | ✕ | ✕ | ✕ | ||
Property, plant and equipment | 3,555 | 2,993 | 2,851 | 2,613 | 2,384 | 1,549 | 1,651 | ||
Long-term investments and receivables | 11 | ||||||||
Accounts and financing receivable, after allowance for credit loss | 11 | ||||||||
Intangible assets, net (including goodwill) | 5,346 | 4,312 | 4,298 | 4,340 | 4,329 | 520 | 536 | ||
Goodwill | 3,515 | 2,923 | 2,919 | 2,919 | 2,888 | 253 | 253 | ||
Intangible assets, net (excluding goodwill) | 1,831 | 1,389 | 1,379 | 1,421 | 1,441 | 266 | 283 | ||
Other noncurrent assets | 192 | 126 | 73 | 52 | 36 | 22 | 29 | ||
Total noncurrent assets: | 9,241 | 7,545 | 7,392 | 7,005 | 6,760 | 2,090 | 2,217 | ||
TOTAL ASSETS: | 10,656 | 8,468 | 8,282 | 7,912 | 7,683 | 2,746 | 2,922 | ||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 500 | 305 | 345 | 338 | 365 | 248 | 219 | ||
Accounts payable | 225 | 101 | 99 | 118 | 120 | 115 | 122 | ||
Accrued liabilities | 129 | 89 | 175 | 152 | 186 | 133 | 97 | ||
Employee-related liabilities | 146 | 115 | 71 | 68 | 58 | ||||
Interest and dividends payable | 0 | ||||||||
Debt | 262 | 53 | 378 | 59 | 49 | 81 | 95 | ||
Due to related parties | 0 | 0 | |||||||
Self insurance reserve | 84 | ||||||||
Other undisclosed current liabilities | 313 | 482 | 270 | 218 | 196 | 81 | |||
Total current liabilities: | 1,075 | 840 | 993 | 615 | 610 | 410 | 399 | ||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,661 | 717 | 433 | 436 | 492 | 655 | 867 | ||
Long-term debt, excluding current maturities | 1,298 | 509 | 279 | 365 | 365 | 493 | 645 | ||
Finance lease, liability | 256 | 138 | 57 | ✕ | ✕ | ✕ | ✕ | ||
Capital lease obligations | ✕ | ✕ | ✕ | 71 | 127 | 161 | 222 | ||
Operating lease, liability | 108 | 70 | 96 | ✕ | ✕ | ✕ | ✕ | ||
Liabilities, other than long-term debt | 1,098 | 1,039 | 983 | 225 | 233 | 172 | 150 | ||
Accounts payable and accrued liabilities | 211 | 175 | 197 | 201 | 206 | 166 | |||
Deferred income tax liabilities | 875 | 816 | 772 | ✕ | ✕ | ✕ | ✕ | ||
Liability, pension and other postretirement and postemployment benefits | 1 | ||||||||
Other liabilities | 12 | 48 | 14 | 23 | 26 | 6 | 1 | ||
Self insurance reserve | 149 | ||||||||
Other undisclosed noncurrent liabilities | 278 | 205 | 1,174 | 1,109 | 837 | 889 | |||
Total noncurrent liabilities: | 3,037 | 1,756 | 1,620 | 1,835 | 1,834 | 1,664 | 1,906 | ||
Total liabilities: | 4,112 | 2,596 | 2,613 | 2,449 | 2,443 | 2,073 | 2,305 | ||
Stockholders' equity | |||||||||
Stockholders' equity attributable to parent, including: | 6,533 | 5,870 | 5,666 | 5,461 | 5,238 | 671 | 616 | ||
Additional paid in capital | 4,351 | 4,301 | 4,269 | 4,242 | 4,219 | 701 | 755 | ||
Accumulated other comprehensive income (loss) | (1) | 0 | |||||||
Retained earnings (accumulated deficit) | 2,181 | 1,567 | 1,395 | 1,217 | 1,017 | (30) | (139) | ||
Other undisclosed stockholders' equity attributable to parent | 2 | 2 | 2 | 2 | 2 | ||||
Stockholders' equity attributable to noncontrolling interest | 10 | 2 | 2 | 2 | 3 | 0 | 0 | ||
Other undisclosed stockholders' equity | 1 | 1 | |||||||
Total stockholders' equity: | 6,543 | 5,872 | 5,668 | 5,463 | 5,240 | 672 | 617 | ||
TOTAL LIABILITIES AND EQUITY: | 10,656 | 8,468 | 8,282 | 7,912 | 7,683 | 2,746 | 2,922 |
Income Statement (P&L) ($ in millions)
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 5,998 | 4,674 | 4,844 | 5,344 | 2,425 | 4,032 | 4,229 | |
Revenue, net | ✕ | ✕ | ✕ | ✕ | 2,425 | 4,032 | 4,229 | |
Cost of revenue | (4,429) | (4,097) | (88) | (215) | (41) | (75) | (417) | |
Cost of goods and services sold | (920) | (697) | (88) | (215) | (41) | (75) | (417) | |
Gross profit: | 1,569 | 577 | 4,755 | 5,129 | 2,385 | 3,957 | 3,813 | |
Operating expenses | (604) | (12) | (4,417) | (4,775) | (2,225) | (3,790) | (3,859) | |
Other undisclosed operating income | 88 | 215 | 41 | 75 | 417 | |||
Operating income: | 966 | 564 | 427 | 569 | 201 | 242 | 370 | |
Nonoperating income (expense) | 9 | (4) | (13) | (17) | (7) | (27) | (53) | |
Investment income, nonoperating | 1 | 2 | 4 | 3 | 1 | 3 | 3 | |
Other nonoperating income | 29 | 11 | 12 | 10 | 1 | 4 | 4 | |
Interest and debt expense | (21) | (17) | (29) | (30) | (9) | (31) | (10) | |
Other undisclosed income from continuing operations before equity method investments, income taxes | 17 | 29 | 30 | 9 | 31 | 10 | ||
Income from continuing operations before equity method investments, income taxes: | 953 | 560 | 414 | 552 | 194 | 215 | 317 | |
Other undisclosed income from continuing operations before income taxes | 21 | |||||||
Income from continuing operations before income taxes: | 975 | 560 | 414 | 552 | 194 | 215 | 317 | |
Income tax expense (benefit) | (231) | (150) | (104) | (131) | 292 | (66) | (119) | |
Net income: | 744 | 411 | 310 | 421 | 485 | 149 | 198 | |
Net loss attributable to noncontrolling interest | (0) | (1) | (1) | (1) | (1) | |||
Net income available to common stockholders, diluted: | 743 | 410 | 309 | 419 | 484 | 149 | 198 |
Comprehensive Income ($ in millions)
12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 744 | 411 | 310 | 421 | 485 | 149 | 198 | |
Other comprehensive income (loss) | (1) | (0) | 2 | |||||
Comprehensive income: | 743 | 411 | 310 | 421 | 485 | 149 | 200 | |
Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (1) | (1) | (1) | (1) | |||
Other undisclosed comprehensive income, net of tax, attributable to parent | 1 | 1 | ||||||
Comprehensive income, net of tax, attributable to parent: | 743 | 410 | 309 | 421 | 485 | 149 | 200 |
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.