COVENANT TRANSPORTATION GROUP INC CVTI Income Statement

Covenant transportation group inc (CVTI)

Income statement / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Revenue
894,528	933,661	954,050	931,070	885,455	816,493	751,821	719,829	705,007	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Freight revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	628,461	633,754	641,464	640,120	621,458	609,853	595,295	578,204	546,155	538,600	537,003	538,933	536,881	535,480	533,709	527,435	516,577	510,098	509,508	512,026	523,494	538,404	0	0	0
Fuel surcharge revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	59,273	62,992	71,901	84,120	102,509	118,183	129,944	140,776	141,524	142,341	143,772	145,616	148,676	147,661	148,245	146,819	142,135	141,605	143,759	140,601	131,992	124,643	0	0	0
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	687,734	696,746	713,365	724,240	722,967	727,036	725,239	718,980	688,679	681,941	680,775	684,549	685,557	683,141	681,954	674,254	658,712	651,703	653,267	652,627	655,486	663,047	0	0	0
Operating expenses:
Salaries, wages, and related expenses
321,997	332,323	334,479	323,331	304,447	274,645	249,128	243,079	241,784	241,499	238,739	236,095	234,526	238,821	241,090	244,281	244,779	242,735	240,130	237,140	231,761	221,995	218,087	216,746	218,946	221,636	221,396	219,992	217,080	211,542	210,512	211,590	211,169	211,908	214,222	0	0	0
Fuel expense
115,307	117,305	121,921	121,915	121,264	116,646	109,216	104,918	103,139	103,430	103,868	104,677	103,108	103,218	107,308	114,099	122,160	135,912	148,170	157,574	168,856	172,143	175,899	180,543	186,002	191,402	193,463	195,121	194,841	194,570	198,293	206,377	208,693	203,843	195,566	0	0	0
Operations and maintenance
59,505	59,537	61,252	58,949	55,505	52,053	48,642	48,091	48,774	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operations and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	45,021	46,390	46,823	46,458	47,418	46,624	46,017	47,251	48,081	49,224	50,213	50,043	49,481	48,555	47,289	45,839	45,169	44,641	44,100	43,862	43,390	42,081	0	0	0
Revenue equipment rentals and purchased transportation
204,655	214,388	211,405	201,624	183,645	166,758	155,674	147,273	141,954	127,885	119,355	117,746	117,472	122,177	121,894	120,473	118,583	109,667	107,990	109,645	111,772	106,104	106,440	105,604	102,954	98,859	95,293	90,517	85,010	79,936	73,095	66,554	63,353	63,464	66,909	0	0	0
Operating taxes and licenses
13,024	12,899	13,106	12,354	11,831	11,332	10,319	9,803	9,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating taxes and licenses
-	-	-	-	-	-	-	-	-	-	-	-	-	11,258	11,322	11,063	11,016	11,082	10,936	10,876	10,960	10,794	10,841	10,941	10,969	10,960	11,043	11,418	11,043	11,311	11,467	11,444	12,148	12,131	12,193	0	0	0
Insurance and claims
47,724	47,823	46,447	45,883	43,333	40,110	35,116	33,122	33,155	34,924	35,605	34,417	32,596	32,167	30,487	28,037	31,909	32,092	40,955	44,257	39,594	36,886	28,228	28,100	30,305	31,637	32,905	31,588	33,133	32,346	31,992	37,052	35,886	36,351	36,648	0	0	0
Communications and utilities
6,969	7,113	7,132	7,038	7,061	7,074	7,011	7,051	6,938	6,650	6,449	6,208	6,057	6,103	6,084	6,112	6,162	6,032	5,962	5,896	5,806	5,662	5,568	5,393	5,240	5,133	4,971	4,895	4,809	4,817	4,928	5,000	5,137	5,256	5,351	0	0	0
General supplies and expenses
30,434	27,974	26,680	25,819	23,227	20,818	18,156	15,195	14,783	15,138	14,814	15,032	14,413	14,206	12,861	13,433	14,007	14,656	16,546	16,823	16,950	16,108	16,040	15,904	16,002	16,676	16,770	16,223	16,068	15,779	15,375	15,510	15,627	15,357	16,467	0	0	0
Depreciation and amortization, including gains and losses on disposition of property and equipment
78,879	79,645	78,862	76,170	76,156	75,543	74,185	77,026	76,447	77,931	79,327	74,687	72,456	70,247	65,611	63,887	61,384	55,277	50,670	47,676	46,384	47,033	47,445	45,868	43,694	43,108	43,317	44,774	43,222	44,023	45,041	43,106	46,274	46,294	47,861	0	0	0
Total operating expenses
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-
Total operating expenses
-	-	901,284	873,083	-	-	707,447	685,558	-	667,100	656,564	647,716	638,204	643,218	643,047	648,208	656,458	654,871	667,983	675,904	679,334	664,806	657,772	659,312	664,155	668,892	667,713	661,817	651,045	639,493	646,883	652,272	653,688	649,533	637,298	0	0	0
Operating income
16,034	34,654	52,766	57,987	58,986	51,514	44,374	34,271	28,155	25,579	21,984	25,338	32,447	44,516	53,699	65,157	67,782	68,096	59,053	49,335	39,646	23,873	24,169	21,463	20,394	16,665	15,428	20,137	23,209	19,219	4,820	995	-1,061	5,953	25,749	0	0	0
Interest expense, net
11,110	10,468	9,936	9,194	8,708	8,403	8,117	8,137	8,258	8,233	8,018	8,012	8,226	0	0	0	-	-	9,242	10,247	10,794	10,872	10,623	10,518	10,400	4,580	-1,161	0	-	0	0	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	-	-	-	32	-32	12	0	0	0
Interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-8,072	320	0	0	0
Other expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-10,863	-10,614	-10,511	-10,397	-26,708	-21,271	-15,306	-12,684	0	0	0	-	-	-	-	-	-
Other expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,050	8,386	0	0	0
Other expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0
Income from equity method investment
7,017	9,873	9,877	9,277	7,732	6,232	4,840	3,865	3,400	3,125	2,825	3,175	3,000	3,300	3,850	4,035	4,570	4,920	4,800	4,315	3,730	3,100	3,370	3,070	2,750	2,830	2,235	2,110	1,875	1,575	1,145	0	-	0	0	-	0	0
Income before income taxes
11,941	34,059	52,707	58,070	58,010	49,343	41,097	29,999	23,297	20,471	16,791	20,501	27,221	39,124	48,775	60,656	63,907	64,359	54,603	43,399	32,582	16,110	16,925	14,022	12,747	9,087	6,588	10,437	12,400	-4,088	-2,778	0	-	0	0	-	0	0
Loss before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-
Income tax expense (benefit)
3,464	10,243	14,088	15,551	15,507	-25,957	-27,221	-29,896	-32,142	8,348	6,431	8,057	10,386	15,041	19,934	24,446	21,822	21,959	17,973	13,990	14,774	8,508	9,207	8,193	7,503	5,730	4,202	5,691	6,335	4,322	924	-1,156	-2,172	358	5,468	0	0	0
Net income
8,477	23,816	38,619	42,519	42,503	75,300	68,318	59,895	55,439	12,123	10,360	12,444	16,835	24,083	28,841	36,210	42,085	42,400	36,630	29,409	17,808	7,602	7,718	5,829	5,244	3,357	2,386	4,746	6,065	2,368	-9,847	-12,443	-14,267	-10,138	3,964	0	0	0
Income per share:
Basic and diluted income per share (in dollars per share)
-	-	0.33	0.24	-	-	0.54	0.24	-	-	0.08	0.00	-	-	0.20	0.24	-	-	-	0.56	-	-	-	-0.09	-	-	-	-0.13	-	-	-	-0.04	-	-0.76	0.11	-	0.13	0.20
Basic income per share (in dollars per share)
-	-0.17	-	-	-	0.63	-	-	-	0.25	-	-	-	0.16	-	-	-	0.42	0.60	-	-	0.12	0.25	-	-	0.13	0.13	-	-	0.07	0.29	-	-	-	-	-	-	-
Diluted income per share (in dollars per share)
-	-0.17	-	-	-	0.63	-	-	-	0.25	-	-	-	0.16	-	-	-	0.42	0.60	-	-	0.12	0.25	-	-	0.13	0.13	-	-	0.07	0.29	-	-0.15	-0.76	0.11	-0.17	-	-
Basic weighted average shares outstanding (in shares)
18,463	18,458	18,438	18,381	18,349	18,343	18,337	18,331	18,291	18,288	18,281	18,256	18,198	18,194	18,189	18,147	18,055	18,119	18,261	18,145	16,196	14,959	14,930	14,915	-	14,864	14,852	-	-	14,757	14,732	-	-	14,719	14,702	-	14,499	14,257
Diluted weighted average shares outstanding (in shares)
18,682	18,719	18,606	18,533	18,532	18,497	18,441	18,406	18,469	18,404	18,359	18,256	18,230	18,287	18,275	18,272	18,204	18,320	18,413	18,307	16,829	15,145	15,179	14,915	-	15,043	15,052	-	-	14,807	14,787	-	14,527	14,719	14,833	14,677	14,609	14,361
Basic and diluted weighted average shares outstanding (in Shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,762	-	-	-	14,722	-	-	-	-	-	-
Cargo and Freight [Member]
Revenue
800,401	834,518	849,309	825,027	779,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel Surcharge [Member]
Revenue
94,127	99,143	104,741	106,043	105,726	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-