Old Dominion Freight Line, Inc. (ODFL) financial statements (2021 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)

12/31/2020
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 investments732404190127101135
Cash and cash equivalents401404190127101135
Short-term investments330      
Receivables454408468416334345348
Prepaid expense   41382521
Deferred tax assets    29
Other undisclosed current assets575548    
Total current assets:1,243867706585383382433
Noncurrent Assets
Property, plant and equipment2,9142,9692,7552,4042,2412,0231,743
Intangible assets, net (including goodwill) 191919191919
Goodwill 191919191919
Other noncurrent assets2121406560534240
Deferred tax assets, net    (221)
Other undisclosed noncurrent assets      221
Total noncurrent assets:3,1263,1292,8392,4842,3142,0851,803
TOTAL ASSETS:4,3693,9963,5453,0682,6962,4672,236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities311309303226218191152
Accounts payable69707974896745
Accrued liabilities524626    
Employee-related liabilities191193198153129125106
Debt   50 2636
Self insurance reserve53545350474542
Other undisclosed current liabilities93 25232326
Total current liabilities:373366357351289285256
Noncurrent Liabilities
Long-term debt and lease obligation, including:100454545105107120
Operating lease, liability 56
Other undisclosed long-term debt and lease obligation100(11)4545105107120
Liabilities, other than long-term debt570400463396451389475
Deferred compensation liability, classified 71    43
Deferred tax liabilities, net248190273235221
Deferred income tax liabilities220 
Other liabilities350242215206179154146
Self insurance reserve 87    65
Other undisclosed noncurrent liabilities 104    (108)
Total noncurrent liabilities:670549508441556496487
Total liabilities:1,043915865792845782742
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3263,0812,6802,2771,8511,6851,494
Additional paid in capital226222142138135134134
Retained earnings3,0882,8502,5302,1301,7071,5421,351
Other undisclosed stockholders' equity attributable to parent12888889
Total stockholders' equity:3,3263,0812,6802,2771,8511,6851,494
TOTAL LIABILITIES AND EQUITY:4,3693,9963,5453,0682,6962,4672,236

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
Revenues4,0154,1094,0443,3582,9922,9722,788
Revenue, net3,3582,9922,9722,788
Cost of revenue(2,685)(2,725)(2,690)(766)(658)(729)(788)
Cost of goods and services sold(191)(199)(187)(636)(555)(628)(707)
Gross profit:1,3301,3841,3542,5922,3342,2432,000
Operating expenses(423)(565)(537)(2,016)(1,850)(1,745)(1,558)
Other undisclosed operating loss      (0)
Operating income:907819817576484498441
Nonoperating income (expense)(6)5(2)(0)(6)(8)(9)
Investment income, nonoperating2731000
Other nonoperating income (expense)(5)(1)(4)1(2)(3)(2)
Interest and debt expense(3)(0)(0)(2)(4)(5)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes3002457
Income from continuing operations before income taxes:901824816576478490433
Income tax expense(229)(208)(210)(112)(182)(185)(165)
Net income available to common stockholders, diluted:673616606464296305268

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:673616606464296305268
Comprehensive income, net of tax, attributable to parent:673616606464296305268

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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