Quality Distribution Inc (QLTY) financial statements (2021 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 millions)

Current Assets
Cash, cash equivalents, and short-term investments123
Cash and cash equivalents123
Prepaid expense1413
Prepaid expense and other current assets24
Other current assets1010
Other undisclosed current assets162117
Total current assets:192167158
Noncurrent Assets
Property, plant and equipment156170190
Intangible assets, net (including goodwill)5049142
Intangible assets, net (excluding goodwill)151638
Disposal group, including discontinued operation, noncurrent assets2
Other noncurrent assets89
Prepaid expense and other noncurrent assets12
Assets held-for-sale, long lived1 
Deferred tax assets, net193112
Total noncurrent assets:236260356
TOTAL ASSETS:428427514
Current Liabilities
Accounts payable and accrued liabilities584249
Accounts payable131010
Accrued liabilities333138
Employee-related liabilities7  
Taxes payable111
Interest and dividends payable4  
Accrued environmental loss contingencies443
Other undisclosed current liabilities72018
Total current liabilities:777880
Noncurrent Liabilities
Long-term debt and lease obligation348373411
Long-term debt, excluding current maturities348370409
Capital lease obligations032
Liabilities, other than long-term debt575767
Deferred tax liabilities, net333535
Accrued environmental loss contingencies446
Other liabilities201725
Other undisclosed noncurrent liabilities(22)(24)(25)
Total noncurrent liabilities:383405452
Total liabilities:459484532
Stockholders' equity
Stockholders' equity attributable to parent, including:(32)(56)(18)
Common stock451442437
Treasury stock, value(12)(11)(6)
Accumulated other comprehensive loss(31)(27)(32)
Accumulated deficit(250)(271)(228)
Warrants and rights outstanding  0
Other undisclosed stockholders' equity attributable to parent(190)(190)(190)
Total stockholders' equity:(32)(56)(18)

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

Revenue, net876842756
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:195202185
Operating expenses(941)(973)(793)
Other operating income, net 21
Other undisclosed operating income796725656
Operating income (loss):51(43)49
Nonoperating income473
Other nonoperating income073
Interest and debt expense(27)(1) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (29)
Income (loss) from continuing operations before equity method investments, income taxes:29(37)23
Other undisclosed loss from continuing operations before income taxes(1)(30) 
Income (loss) from continuing operations before income taxes:27(66)23
Income tax expense (benefit)(6)2427
Net income (loss) available to common stockholders, diluted:21(42)50

Comprehensive Income ($ in millions)

Net income (loss):21(42)50
Comprehensive income (loss):21(42)50
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)4(0)
Comprehensive income (loss), net of tax, attributable to parent:17(38)50

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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