COVENANT TRANSPORTATION GROUP INC CVTI Income Statement

Covenant transportation group inc (CVTI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
Revenue
894,528	885,455	705,007	670,651	-	-	-	-	-	-	-
Freight revenue
-	-	-	-	640,120	578,204	538,933	527,435	512,026	546,320	520,495
Fuel surcharge revenue
-	-	-	-	84,120	140,776	145,616	146,819	140,601	103,429	68,192
Total revenue
-	-	-	-	724,240	718,980	684,549	674,254	652,627	649,749	588,687
Operating expenses:
Salaries, wages, and related expenses
321,997	304,447	241,784	234,526	244,779	231,761	218,946	217,080	211,169	216,316	220,213
Fuel expense
115,307	121,264	103,139	103,108	122,160	168,856	186,002	194,841	208,693	177,239	143,835
Operations and maintenance
59,505	55,505	48,774	45,864	-	-	-	-	-	-	-
Operations and maintenance
-	-	-	-	46,458	47,251	50,043	45,839	43,862	42,050	40,833
Revenue equipment rentals and purchased transportation
204,655	183,645	141,954	117,472	118,583	111,772	102,954	85,010	63,353	71,474	76,484
Operating taxes and licenses
13,024	11,831	9,878	11,712	-	-	-	-	-	-	-
Operating taxes and licenses
-	-	-	-	11,016	10,960	10,969	11,043	12,148	11,090	12,113
Insurance and claims
47,724	43,333	33,155	32,596	31,909	39,594	30,305	33,133	35,886	32,648	26,531
Communications and utilities
6,969	7,061	6,938	6,057	6,162	5,806	5,240	4,809	5,137	4,974	5,740
General supplies and expenses
30,434	23,227	14,783	14,413	14,007	16,950	16,002	16,068	15,627	16,143	19,538
Depreciation and amortization, including gains and losses on disposition of property and equipment
78,879	76,156	76,447	72,456	61,384	46,384	43,694	43,222	46,274	51,807	48,122
Total operating expenses
878,494	826,469	676,852	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	11,539	-	-
Total operating expenses
-	-	-	638,204	656,458	679,334	664,155	651,045	653,688	623,741	593,409
Operating income
16,034	58,986	28,155	32,447	67,782	39,646	20,394	23,209	-1,061	26,008	-4,722
Interest expense, net
11,110	8,708	8,258	8,226	8,445	10,794	10,400	12,697	16,208	-	-
Loss on sale of Transplace investment and note receivable
-	-	-	-	-	-	-	-	-	-	11,485
Other
-	-	-	-	-	-	3	13	123	-	199
Interest income
-	-	-	-	-	-	-	-	32	-2	144
Interest expense
-	-	-	-	-	-	-	-	-	-16,566	14,184
Other expenses, net
-	-	-	-	-	-	-10,397	-12,684	-16,053	-	-
Other expenses, net
-	-	-	-	-	-	-	-	-	-20	25,326
Other expenses, net
-	-	-	-	-	-	-	-	-	-16,544	-
Income from equity method investment
7,017	7,732	3,400	3,000	4,570	3,730	2,750	1,875	675	-	-
Income before income taxes
11,941	58,010	23,297	27,221	63,907	32,582	12,747	12,400	-16,439	9,464	-
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-30,048
Income tax expense (benefit)
3,464	15,507	-32,142	10,386	21,822	14,774	7,503	6,335	-2,172	6,175	-5,018
Net income
8,477	42,503	55,439	16,835	42,085	17,808	5,244	6,065	-14,267	3,289	-25,030
Income per share:
Basic and diluted income per share (in dollars per share)
-	-	-	-	-	-	-	-	-	0.23	-
Basic income per share (in dollars per share)
0.46	2.32	3.03	0.93	2.32	1.17	0.35	0.41	-0.97	-	-1.77
Diluted income per share (in dollars per share)
0.45	2.30	3.02	0.92	2.30	1.15	0.35	0.41	-0.97	0.23	-1.77
Basic weighted average shares outstanding (in shares)
18,435	18,340	18,279	18,182	18,145	15,250	14,837	14,742	14,689	14,374	14,124
Diluted weighted average shares outstanding (in shares)
18,635	18,469	18,372	18,266	18,311	15,517	15,039	14,808	14,689	14,505	14,124
Cargo and Freight [Member]
Revenue
800,401	779,729	626,809	610,845	-	-	-	-	-	-	-
Fuel Surcharge [Member]
Revenue
94,127	105,726	78,198	59,806	-	-	-	-	-	-	-