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 investments7177324041901271011
Cash and cash equivalents4634014041901271011
Short-term investments254330     
Receivables599454408468416334345
Prepaid expense    413825
Other undisclosed current assets68575548   
Total current assets:1,3841,243867706585383382
Noncurrent Assets
Property, plant and equipment3,2162,9142,9692,7552,4042,2412,023
Intangible assets, net (including goodwill)  1919191919
Goodwill  1919191919
Other noncurrent assets22221214065605342
Total noncurrent assets:3,4383,1263,1292,8392,4842,3142,085
TOTAL ASSETS:4,8224,3693,9963,5453,0682,6962,467
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities402311309303226218191
Accounts payable83697079748967
Accrued liabilities62524626   
Employee-related liabilities258191193198153129125
Debt    50 26
Self insurance reserve62535453504745
Other undisclosed current liabilities 93 252323
Total current liabilities:464373366357351289285
Noncurrent Liabilities
Long-term debt and lease obligation, including:100100454545105107
Operating lease, liability  56
Other undisclosed long-term debt and lease obligation100100(11)4545105107
Liabilities, other than long-term debt578570400463396451389
Deferred compensation liability, classified  71    
Deferred tax liabilities, net248190273235
Deferred income tax liabilities249220 
Other liabilities329350242215206179154
Self insurance reserve  87    
Other undisclosed noncurrent liabilities  104    
Total noncurrent liabilities:678670549508441556496
Total liabilities:1,1421,043915865792845782
Stockholders' equity
Stockholders' equity attributable to parent, including:3,6803,3263,0812,6802,2771,8511,685
Additional paid in capital174226222142138135134
Retained earnings3,4943,0882,8502,5302,1301,7071,542
Other undisclosed stockholders' equity attributable to parent121288888
Total stockholders' equity:3,6803,3263,0812,6802,2771,8511,685
TOTAL LIABILITIES AND EQUITY:4,8224,3693,9963,5453,0682,6962,467

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
Revenues5,2564,0154,1094,0443,3582,9922,972
Revenue, net3,3582,9922,972
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:2,0211,3301,3841,3542,5922,3342,243
Operating expenses(629)(423)(565)(537)(2,016)(1,850)(1,745)
Operating income:1,392907819817576484498
Nonoperating income (expense)(3)(6)5(2)(0)(6)(8)
Investment income, nonoperating1273100
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 300245
Income from continuing operations before equity method investments, income taxes:1,387901824816576478490
Other undisclosed income from continuing operations before income taxes2      
Income from continuing operations before income taxes:1,388901824816576478490
Income tax expense(354)(229)(208)(210)(112)(182)(185)
Net income available to common stockholders, diluted:1,034673616606464296305

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:1,034673616606464296305
Comprehensive income, net of tax, attributable to parent:1,034673616606464296305

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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