Marten Transport, Ltd. (MRTN) Financial Statements (2024 and earlier)

Company Profile

Business Address 129 MARTEN ST
MONDOVI, WI 54755
State of Incorp. DE
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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments80,60056,99566,12731,46156,76315,791
Cash and cash equivalents80,60056,99566,12731,46156,76315,791
Receivables127,920105,97487,628101,76786,84181,017
Prepaid expense 4,0543,7493,6532,3561,8313,057
Contract with customer, asset, after allowance for credit loss 2,7462,2431,5451,7291,823
Other current assets 3,7343,5043,1033,1662,9712,786
Other undisclosed current assets16,78614,48413,60213,68713,29913,967
Total current assets:235,840186,949175,658154,166163,528116,618
Noncurrent Assets
Property, plant and equipment728,167682,277654,173640,394588,230571,920
Other noncurrent assets1,6721,4641,8052,0262,1461,865
Total noncurrent assets:729,839683,741655,978642,420590,376573,785
TOTAL ASSETS:965,679870,690831,636796,586753,904690,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:78,56351,54550,19921,68043,87038,100
Accounts payable37,29920,15025,70222,91715,70416,478
Accrued liabilities41,26431,39524,49721,68028,16621,622
Other undisclosed accounts payable and accrued liabilities    (22,917)  
Due to related parties    1,222 
Other undisclosed current liabilities45,74742,01439,59554,64626,88126,177
Total current liabilities:124,31093,55989,79476,32671,97364,277
Noncurrent Liabilities
Long-term debt and lease obligation:  291411649  
Liabilities, other than long-term debt137,450125,163121,098122,022105,977100,626
Deferred tax liabilities, net105,977100,626
Deferred income tax liabilities137,041125,163121,098122,022
Operating lease, liability409291411649
Total noncurrent liabilities:137,450125,454121,509122,671105,977100,626
Total liabilities:261,760219,013211,303198,997177,950164,903
Equity
Equity, attributable to parent703,919651,677620,333597,589575,954525,500
Common stock811830827547545545
Additional paid in capital47,18885,71885,07079,46576,81476,413
Retained earnings655,920565,129534,436517,577498,595448,542
Total equity:703,919651,677620,333597,589575,954525,500
TOTAL LIABILITIES AND EQUITY:965,679870,690831,636796,586753,904690,403

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,263,878973,644874,374843,271787,594698,120
Cost of revenue
(Cost of Goods and Services Sold)
     (38,657)(41,613)
Gross profit:1,263,878973,644874,374843,271748,937656,507
Operating expenses(1,120,534)(861,955)(781,128)(766,773)(717,246)(641,258)
Other undisclosed operating income     38,65741,613
Operating income:143,344111,68993,24676,49870,34856,862
Nonoperating income (expense)827431401,190681(389)
Income from continuing operations before income taxes:144,171111,73293,38677,68871,02956,473
Income tax expense (benefit)(33,817)(26,304)(23,886)(16,617)(16,002)33,811
Income from continuing operations:110,35485,42869,50061,07155,02790,284
Income before gain (loss) on sale of properties:85,42869,50061,07155,02790,284
Net income available to common stockholders, diluted:110,35485,42869,50061,07155,02790,284

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:110,35485,42869,50061,07155,02790,284
Comprehensive income, net of tax, attributable to parent:110,35485,42869,50061,07155,02790,284

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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