Landstar System, Inc. (LSTR) financial statements (2021 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)

12/31/2020
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 investments29135224029124516337
Cash and cash equivalents249320200242179115 
Short-term investments41334049674937
Receivables764589692631463463493
Other current assets19211614101824
Other undisclosed current assets1353624241918179
Total current assets:1,208998971961737663732
Noncurrent Assets
Property, plant and equipment297286284276273226202
Intangible assets, net (including goodwill)41393839313131
Goodwill41393839313131
Other noncurrent assets1081058776557879
Total noncurrent assets:446430409391359335312
TOTAL ASSETS:1,6541,4281,3811,3521,0979981,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities457361344378219224265
Accounts payable381272314285219224220
Employee-related liabilities 102930   
Interest and dividends payable7779 63  45
Debt110979984817870
Self insurance reserve150454039262024
Other liabilities89515347534852
Total current liabilities:806553536549380370410
Noncurrent Liabilities
Long-term debt and lease obligation, including:65708583938276
Finance lease, liability6570
Capital lease obligations85839382 
Other undisclosed long-term debt and lease obligation      76
Liabilities, other than long-term debt39343030272169
Other liabilities      47
Self insurance reserve39343030272122
Other undisclosed noncurrent liabilities52504037   
Total noncurrent liabilities:156153156150120103146
Total liabilities:962706691699500473556
Stockholders' equity
Stockholders' equity attributable to parent692721687651543466488
Common stock1111111
Treasury stock, value(1,582)(1,465)(1,376)(1,168)(1,167)(1,117)(956)
Additional paid in capital229226227210199196189
Accumulated other comprehensive loss(2)(2)(6)(3)(3)(3)(1)
Retained earnings2,0461,9621,8411,6111,5131,3901,255
Stockholders' equity attributable to noncontrolling interest  23   
Total stockholders' equity:692721689654543466488
Other undisclosed liabilities and equity    5459 
TOTAL LIABILITIES AND EQUITY:1,6541,4281,3811,3521,0979981,044

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,1334,0854,6153,6463,1683,3213,185
Cost of revenue(3,637)(3,550)(4,024)(3,165)(2,737)(2,870)(2,755)
Gross profit:496535592481430451430
Operating expenses(247)(241)(264)(240)(209)(210)(207)
Other undisclosed operating income3542211
Operating income:253299332244223242224
Interest and debt expense(4)(3)(3)(3)(4)(3)(3)
Income from continuing operations before income taxes:249296328241219239221
Income tax expense(57)(68)(73)(64)(82)(91)(82)
Net income:192228255177137148139
Net income attributable to noncontrolling interest 000   
Net income available to common stockholders, diluted:192228255177137148139

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:192228255177137148139
Other comprehensive income (loss)0   0(2)(1)
Comprehensive income:192228255177138145138
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:192231253177138145138

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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