Old Dominion Freight Line, Inc. (ODFL) financial statements (2022 and earlier)
Company profile
| Business Address |
500 OLD DOMINION WAY THOMASVILLE, NC 27360 |
| State of Incorp. | VA |
| 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 investments | 717 | 732 | 404 | 190 | 127 | 10 | 11 | ||
| Cash and cash equivalents | 463 | 401 | 404 | 190 | 127 | 10 | 11 | ||
| Short-term investments | 254 | 330 | |||||||
| Receivables | 599 | 454 | 408 | 468 | 416 | 334 | 345 | ||
| Prepaid expense | 41 | 38 | 25 | ||||||
| Other undisclosed current assets | 68 | 57 | 55 | 48 | |||||
| Total current assets: | 1,384 | 1,243 | 867 | 706 | 585 | 383 | 382 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,216 | 2,914 | 2,969 | 2,755 | 2,404 | 2,241 | 2,023 | ||
| Intangible assets, net (including goodwill) | 19 | 19 | 19 | 19 | 19 | ||||
| Goodwill | 19 | 19 | 19 | 19 | 19 | ||||
| Other noncurrent assets | 222 | 212 | 140 | 65 | 60 | 53 | 42 | ||
| Total noncurrent assets: | 3,438 | 3,126 | 3,129 | 2,839 | 2,484 | 2,314 | 2,085 | ||
| TOTAL ASSETS: | 4,822 | 4,369 | 3,996 | 3,545 | 3,068 | 2,696 | 2,467 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 402 | 311 | 309 | 303 | 226 | 218 | 191 | ||
| Accounts payable | 83 | 69 | 70 | 79 | 74 | 89 | 67 | ||
| Accrued liabilities | 62 | 52 | 46 | 26 | |||||
| Employee-related liabilities | 258 | 191 | 193 | 198 | 153 | 129 | 125 | ||
| Debt | 50 | 26 | |||||||
| Self insurance reserve | 62 | 53 | 54 | 53 | 50 | 47 | 45 | ||
| Other undisclosed current liabilities | 9 | 3 | 25 | 23 | 23 | ||||
| Total current liabilities: | 464 | 373 | 366 | 357 | 351 | 289 | 285 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 100 | 100 | 45 | 45 | 45 | 105 | 107 | ||
| Operating lease, liability | 56 | ✕ | ✕ | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 100 | 100 | (11) | 45 | 45 | 105 | 107 | ||
| Liabilities, other than long-term debt | 578 | 570 | 400 | 463 | 396 | 451 | 389 | ||
| Deferred compensation liability, classified | 71 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 248 | 190 | 273 | 235 | ||
| Deferred income tax liabilities | 249 | 220 | ✕ | ✕ | ✕ | ✕ | |||
| Other liabilities | 329 | 350 | 242 | 215 | 206 | 179 | 154 | ||
| Self insurance reserve | 87 | ||||||||
| Other undisclosed noncurrent liabilities | 104 | ||||||||
| Total noncurrent liabilities: | 678 | 670 | 549 | 508 | 441 | 556 | 496 | ||
| Total liabilities: | 1,142 | 1,043 | 915 | 865 | 792 | 845 | 782 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,680 | 3,326 | 3,081 | 2,680 | 2,277 | 1,851 | 1,685 | ||
| Additional paid in capital | 174 | 226 | 222 | 142 | 138 | 135 | 134 | ||
| Retained earnings | 3,494 | 3,088 | 2,850 | 2,530 | 2,130 | 1,707 | 1,542 | ||
| Other undisclosed stockholders' equity attributable to parent | 12 | 12 | 8 | 8 | 8 | 8 | 8 | ||
| Total stockholders' equity: | 3,680 | 3,326 | 3,081 | 2,680 | 2,277 | 1,851 | 1,685 | ||
| TOTAL LIABILITIES AND EQUITY: | 4,822 | 4,369 | 3,996 | 3,545 | 3,068 | 2,696 | 2,467 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,256 | 4,015 | 4,109 | 4,044 | 3,358 | 2,992 | 2,972 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,358 | 2,992 | 2,972 | |
| Cost of revenue | (3,236) | (2,685) | (2,725) | (2,690) | (766) | (658) | (729) | |
| Cost of goods and services sold | (221) | (191) | (199) | (187) | (636) | (555) | (628) | |
| Gross profit: | 2,021 | 1,330 | 1,384 | 1,354 | 2,592 | 2,334 | 2,243 | |
| Operating expenses | (629) | (423) | (565) | (537) | (2,016) | (1,850) | (1,745) | |
| Operating income: | 1,392 | 907 | 819 | 817 | 576 | 484 | 498 | |
| Nonoperating income (expense) | (3) | (6) | 5 | (2) | (0) | (6) | (8) | |
| Investment income, nonoperating | 1 | 2 | 7 | 3 | 1 | 0 | 0 | |
| Other nonoperating income (expense) | (2) | (5) | (1) | (4) | 1 | (2) | (3) | |
| Interest and debt expense | (2) | (3) | (0) | (0) | (2) | (4) | (5) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3 | 0 | 0 | 2 | 4 | 5 | ||
| Income from continuing operations before equity method investments, income taxes: | 1,387 | 901 | 824 | 816 | 576 | 478 | 490 | |
| Other undisclosed income from continuing operations before income taxes | 2 | |||||||
| Income from continuing operations before income taxes: | 1,388 | 901 | 824 | 816 | 576 | 478 | 490 | |
| Income tax expense | (354) | (229) | (208) | (210) | (112) | (182) | (185) | |
| Net income available to common stockholders, diluted: | 1,034 | 673 | 616 | 606 | 464 | 296 | 305 | |
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: | 1,034 | 673 | 616 | 606 | 464 | 296 | 305 | |
| Comprehensive income, net of tax, attributable to parent: | 1,034 | 673 | 616 | 606 | 464 | 296 | 305 | |
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.