Quality Distribution Inc (QLTY) financial statements (2022 and earlier)

Company profile

Business Address 4041 PARK OAKS BOULEVARD
TAMPA, FL 33610
State of Incorp. FL
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 thousands)

Current Assets
Cash, cash equivalents, and short-term investments1,3581,9572,704
Cash and cash equivalents1,3581,9572,704
Prepaid expense14,11813,401
Prepaid expense and other current assets24,345
Other current assets10,3749,919
Other undisclosed current assets15,98720,70916,609
Total current assets:191,973166,918157,564
Noncurrent Assets
Property, plant and equipment156,249170,114190,342
Intangible assets, net (including goodwill)50,28449,104141,948
Intangible assets, net (excluding goodwill)15,38816,14937,654
Disposal group, including discontinued operation, noncurrent assets2,040
Other noncurrent assets8,2958,583
Prepaid expense and other noncurrent assets12,036
Assets held-for-sale, long lived1,129 
Deferred tax assets, net18,94231,40111,713
Total noncurrent assets:235,810260,331356,039
TOTAL ASSETS:427,783427,249513,603
Current Liabilities
Accounts payable and accrued liabilities57,54442,11449,046
Accounts payable12,95510,2489,966
Accrued liabilities32,61730,58037,889
Employee-related liabilities7,389  
Taxes payable1,0711,2861,191
Interest and dividends payable3,512  
Accrued environmental loss contingencies4,3893,8182,739
Other undisclosed current liabilities7,28919,94418,378
Total current liabilities:76,95578,15679,994
Noncurrent Liabilities
Long-term debt and lease obligation348,262372,725410,975
Long-term debt, excluding current maturities348,080369,730408,850
Capital lease obligations1822,9952,125
Liabilities, other than long-term debt56,67656,51166,557
Deferred tax liabilities, net32,90934,63934,977
Accrued environmental loss contingencies3,8304,4796,302
Other liabilities19,93717,39325,278
Other undisclosed noncurrent liabilities(22,416)(23,892)(25,483)
Total noncurrent liabilities:382,522405,344452,049
Total liabilities:459,477483,500532,043
Stockholders' equity
Stockholders' equity attributable to parent, including:(31,694)(56,251)(18,440)
Common stock450,625441,877437,192
Treasury stock, value(11,860)(10,557)(5,849)
Accumulated other comprehensive loss(31,005)(27,477)(31,752)
Accumulated deficit(249,865)(270,505)(228,467)
Warrants and rights outstanding  25
Other undisclosed stockholders' equity attributable to parent(189,589)(189,589)(189,589)
Total stockholders' equity:(31,694)(56,251)(18,440)
TOTAL LIABILITIES AND EQUITY:427,783427,249513,603

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

Revenue, net876,062842,186755,656
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:195,496202,418185,270
Operating expenses(940,528)(972,574)(792,975)
Other operating income, net 2,450988
Other undisclosed operating income796,262724,942655,860
Operating income (loss):51,230(42,764)49,143
Nonoperating income3,8856,7352,864
Other nonoperating income1447,2562,864
Interest and debt expense(26,596)(521) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (29,258)
Income (loss) from continuing operations before equity method investments, income taxes:28,519(36,550)22,749
Other undisclosed loss from continuing operations before income taxes(1,470)(29,771) 
Income (loss) from continuing operations before income taxes:27,049(66,321)22,749
Income tax expense (benefit)(6,409)24,28327,327
Net income (loss) available to common stockholders, diluted:20,640(42,038)50,076

Comprehensive Income ($ in thousands)

Net income (loss):20,640(42,038)50,076
Comprehensive income (loss):20,640(42,038)50,076
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,528)4,275(371)
Comprehensive income (loss), net of tax, attributable to parent:17,112(37,763)49,705

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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