Knight Transportation, Inc. (KNX) financial statements (2021 and earlier)

Company profile

Business Address 2200 SOUTH 75TH AVENUE
PHOENIX, AZ 85043
State of Incorp.
Fiscal Year End December 31
SIC 4213 - Trucking, Except Local (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments175168827789108105
Cash and cash equivalents157160827789108105
Short-term investments199     
Restricted cash and investments39414774575570
Receivables584540628634416444507
Prepaid expense72626759   
Disposal group, including discontinued operation30424025793
Other current assets212830    
Other undisclosed current assets2913558690116
Total current assets:923890907923656706800
Noncurrent Assets
Operating lease, right-of-use asset113169✕✕✕✕✕
Property, plant and equipment2,9932,8512,6132,3841,5491,6511,542
Long-term investments and receivables   11   
Accounts and financing receivable, after allowance for credit loss   11   
Intangible assets, net (including goodwill)4,3124,2984,3404,329520536553
Goodwill2,9232,9192,9192,888253253253
Intangible assets, net (excluding goodwill)1,3891,3791,4211,441266283300
Other noncurrent assets126735236222942
Total noncurrent assets:7,5457,3927,0056,7602,0902,2172,137
TOTAL ASSETS:8,4688,2827,9127,6832,7462,9222,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities305345338365248219318
Accounts payable10199118120115122160
Accrued liabilities8917515218613397100
Employee-related liabilities115716858  50
Taxes payable      7
Interest and dividends payable   0   
Debt533785949819574
Derivative instruments and hedges, liabilities      6
Due to related parties0      
Self insurance reserve     8481
Deferred revenue and credits✕✕✕   2
Deferred tax liabilities✕✕    2
Other undisclosed current liabilities48227021819681 (61)
Total current liabilities:840993615610410399422
Noncurrent Liabilities
Long-term debt and lease obligation, including:717433436492655867872
Long-term debt, excluding current maturities509279365365493645872
Finance lease, liability13857✕✕✕✕✕
Capital lease obligations✕✕71127161222158
Operating lease, liability7096✕✕✕✕✕
Other undisclosed long-term debt and lease obligation      (158)
Liabilities, other than long-term debt1,039983225233172150624
Accounts payable and accrued liabilities175197201206166  
Deferred tax liabilities, net✕✕    481
Deferred income tax liabilities816772✕✕✕✕✕
Other liabilities48142326610
Self insurance reserve     149144
Other undisclosed noncurrent liabilities 2051,1741,109837889549
Total noncurrent liabilities:1,7561,6201,8351,8341,6641,9062,045
Total liabilities:2,5962,6132,4492,4432,0732,3052,467
Stockholders' equity
Stockholders' equity attributable to parent, including:5,8705,6665,4615,238671616469
Additional paid in capital4,3014,2694,2424,219701755781
Accumulated other comprehensive income (loss)     0(2)
Retained earnings (accumulated deficit)1,5671,3951,2171,017(30)(139)(310)
Other undisclosed stockholders' equity attributable to parent2222   
Stockholders' equity attributable to noncontrolling interest2223000
Other undisclosed stockholders' equity    111
Total stockholders' equity:5,8725,6685,4635,240672617470
TOTAL LIABILITIES AND EQUITY:8,4688,2827,9127,6832,7462,9222,938

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,6744,8445,3442,4254,0324,2294,299
Revenue, net✕✕✕2,4254,0324,229 
Cost of revenue(4,097)(88)(215)(41)(75)(417)(1,044)
Cost of goods and services sold(697)(88)(215)(41)(75)(417)(1,044)
Gross profit:5774,7555,1292,3853,9573,8133,255
Operating expenses(12)(4,417)(4,775)(2,225)(3,790)(3,859)(3,929)
Other undisclosed operating income 8821541754171,044
Operating income:564427569201242370370
Nonoperating income (expense)(4)(13)(17)(7)(27)(53)7
Investment income, nonoperating2431333
Other nonoperating income1112101444
Interest and debt expense(17)(29)(30)(9)(31)(10)(92)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes17293093110(34)
Income from continuing operations before income taxes:560414552194215317251
Income tax expense (benefit)(150)(104)(131)292(66)(119)(89)
Net income:411310421485149198161
Net loss attributable to noncontrolling interest(1)(1)(1)(1)   
Net income available to common stockholders, diluted:410309419484149198161

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:411310421485149198161
Other comprehensive income (loss)    (0)24
Comprehensive income:411310421485149200165
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)(1)   
Other undisclosed comprehensive income, net of tax, attributable to parent  11   
Comprehensive income, net of tax, attributable to parent:410309421485149200165

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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