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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments261175168827789108
Cash and cash equivalents261157160827789108
Short-term investments 199    
Restricted cash and investments87394147745755
Receivables912584540628634416444
Prepaid expense9172626759  
Disposal group, including discontinued operation83042402579
Other current assets26212830   
Other undisclosed current assets292913558690
Total current assets:1,414923890907923656706
Noncurrent Assets
Operating lease, right-of-use asset148113169✕✕✕✕
Property, plant and equipment3,5552,9932,8512,6132,3841,5491,651
Long-term investments and receivables    11  
Accounts and financing receivable, after allowance for credit loss    11  
Intangible assets, net (including goodwill)5,3464,3124,2984,3404,329520536
Goodwill3,5152,9232,9192,9192,888253253
Intangible assets, net (excluding goodwill)1,8311,3891,3791,4211,441266283
Other noncurrent assets1921267352362229
Total noncurrent assets:9,2417,5457,3927,0056,7602,0902,217
TOTAL ASSETS:10,6568,4688,2827,9127,6832,7462,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities500305345338365248219
Accounts payable22510199118120115122
Accrued liabilities1298917515218613397
Employee-related liabilities146115716858  
Interest and dividends payable    0  
Debt2625337859498195
Due to related parties00     
Self insurance reserve      84
Other undisclosed current liabilities31348227021819681 
Total current liabilities:1,075840993615610410399
Noncurrent Liabilities
Long-term debt and lease obligation1,661717433436492655867
Long-term debt, excluding current maturities1,298509279365365493645
Finance lease, liability25613857✕✕✕✕
Capital lease obligations✕✕✕71127161222
Operating lease, liability1087096✕✕✕✕
Liabilities, other than long-term debt1,0981,039983225233172150
Accounts payable and accrued liabilities211175197201206166 
Deferred income tax liabilities875816772✕✕✕✕
Liability, pension and other postretirement and postemployment benefits1      
Other liabilities124814232661
Self insurance reserve      149
Other undisclosed noncurrent liabilities278 2051,1741,109837889
Total noncurrent liabilities:3,0371,7561,6201,8351,8341,6641,906
Total liabilities:4,1122,5962,6132,4492,4432,0732,305
Stockholders' equity
Stockholders' equity attributable to parent, including:6,5335,8705,6665,4615,238671616
Additional paid in capital4,3514,3014,2694,2424,219701755
Accumulated other comprehensive income (loss)(1)     0
Retained earnings (accumulated deficit)2,1811,5671,3951,2171,017(30)(139)
Other undisclosed stockholders' equity attributable to parent22222  
Stockholders' equity attributable to noncontrolling interest10222300
Other undisclosed stockholders' equity     11
Total stockholders' equity:6,5435,8725,6685,4635,240672617
TOTAL LIABILITIES AND EQUITY:10,6568,4688,2827,9127,6832,7462,922

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,9984,6744,8445,3442,4254,0324,229
Revenue, net✕✕✕✕2,4254,0324,229
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:1,5695774,7555,1292,3853,9573,813
Operating expenses(604)(12)(4,417)(4,775)(2,225)(3,790)(3,859)
Other undisclosed operating income  882154175417
Operating income:966564427569201242370
Nonoperating income (expense)9(4)(13)(17)(7)(27)(53)
Investment income, nonoperating1243133
Other nonoperating income29111210144
Interest and debt expense(21)(17)(29)(30)(9)(31)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes 17293093110
Income from continuing operations before equity method investments, income taxes:953560414552194215317
Other undisclosed income from continuing operations before income taxes21      
Income from continuing operations before income taxes:975560414552194215317
Income tax expense (benefit)(231)(150)(104)(131)292(66)(119)
Net income:744411310421485149198
Net loss attributable to noncontrolling interest(0)(1)(1)(1)(1)  
Net income available to common stockholders, diluted:743410309419484149198

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:744411310421485149198
Other comprehensive income (loss)(1)    (0)2
Comprehensive income:743411310421485149200
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(1)(1)(1)(1)  
Other undisclosed comprehensive income, net of tax, attributable to parent   11  
Comprehensive income, net of tax, attributable to parent:743410309421485149200

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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