Landstar System, Inc. (LSTR) financial statements (2022 and earlier)

Company profile

Business Address 13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE, FL 32224
State of Incorp. DE
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)

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 investments251291352240291245163
Cash and cash equivalents216249320200242179115
Short-term investments36413340496749
Receivables1,154764589692631463463
Other current assets16192116141018
Other undisclosed current assets1011353624241918
Total current assets:1,5231,208998971961737663
Noncurrent Assets
Property, plant and equipment317297286284276273226
Intangible assets, net (including goodwill)41413938393131
Goodwill41413938393131
Other noncurrent assets16410810587765578
Total noncurrent assets:523446430409391359335
TOTAL ASSETS:2,0451,6541,4281,3811,3521,097998
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities680457361344378219224
Accounts payable604381272314285219224
Employee-related liabilities  102930  
Interest and dividends payable757779 63  
Debt1531109799848178
Self insurance reserve471504540392620
Other liabilities131895153475348
Total current liabilities:1,010806553536549380370
Noncurrent Liabilities
Long-term debt and lease obligation75657085839382
Finance lease, liability756570
Capital lease obligations85839382
Liabilities, other than long-term debt50393430302721
Self insurance reserve50393430302721
Other undisclosed noncurrent liabilities4952504037  
Total noncurrent liabilities:173156153156150120103
Total liabilities:1,183962706691699500473
Stockholders' equity
Stockholders' equity attributable to parent862692721687651543466
Common stock1111111
Treasury stock, value(1,706)(1,582)(1,465)(1,376)(1,168)(1,167)(1,117)
Additional paid in capital255229226227210199196
Accumulated other comprehensive loss(5)(2)(2)(6)(3)(3)(3)
Retained earnings2,3172,0461,9621,8411,6111,5131,390
Stockholders' equity attributable to noncontrolling interest   23  
Total stockholders' equity:862692721689654543466
Other undisclosed liabilities and equity     5459
TOTAL LIABILITIES AND EQUITY:2,0451,6541,4281,3811,3521,097998

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
Revenues6,5384,1334,0854,6153,6463,1683,321
Cost of revenue(5,727)(3,637)(3,550)(4,024)(3,165)(2,737)(2,870)
Gross profit:810496535592481430451
Operating expenses(307)(247)(241)(264)(240)(209)(210)
Other undisclosed operating income3354221
Operating income:506253299332244223242
Interest and debt expense(4)(4)(3)(3)(3)(4)(3)
Income from continuing operations before income taxes:502249296328241219239
Income tax expense(120)(57)(68)(73)(64)(82)(91)
Net income:382192228255177137148
Net income attributable to noncontrolling interest  000  
Net income available to common stockholders, diluted:382192228255177137148

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:382192228255177137148
Other comprehensive income (loss)(3)0   0(2)
Comprehensive income:378192228255177138145
Comprehensive income, net of tax, attributable to noncontrolling interest  000  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  4(3)(0)  
Comprehensive income, net of tax, attributable to parent:378192231253177138145

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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