| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Total revenue | ||||||
1,737,000 | 1,613,100 | 846,300 | 651,802 | - | ||
Purchased freight | ||||||
- | - | - | - | 181,985 | ||
Freight | ||||||
- | - | - | - | 506,582 | ||
Brokerage | ||||||
- | - | - | - | 108,900 | ||
Fuel surcharge | ||||||
- | - | - | - | 63,363 | ||
Total revenue | ||||||
- | - | - | - | 678,845 | ||
Operating expenses: | ||||||
Salaries, wages and employee benefits | ||||||
483,200 | 407,400 | 250,000 | 197,789 | 178,703 | ||
Fuel | ||||||
138,500 | 141,100 | 93,700 | - | 70,296 | ||
Operations and maintenance | ||||||
213,100 | 181,500 | 118,400 | 96,100 | 98,734 | ||
Communications | ||||||
4,400 | 3,300 | 2,100 | 1,618 | 2,034 | ||
Administrative expenses | ||||||
75,500 | 58,500 | 33,200 | 25,250 | 21,710 | ||
Sales and marketing | ||||||
5,100 | 3,400 | 2,000 | 1,743 | 2,911 | ||
Taxes and licenses | ||||||
19,200 | 17,200 | 11,000 | - | - | ||
Taxes and licenses | ||||||
- | - | - | - | 9,228 | ||
Insurance and claims | ||||||
49,900 | 45,800 | 24,000 | 19,114 | 19,655 | ||
Acquisition-related transaction expenses | ||||||
- | 2,600 | 3,400 | 25 | 1,192 | ||
Depreciation and amortization | ||||||
146,500 | 131,100 | 76,900 | 67,500 | 63,573 | ||
Gain on disposition of property and equipment | ||||||
5,200 | 3,200 | 700 | 116 | 2,184 | ||
Impairment | ||||||
312,800 | 13,900 | - | 2,005 | - | ||
Restructuring charges | ||||||
8,400 | - | - | - | - | ||
Total operating expenses | ||||||
2,049,100 | 1,591,200 | 839,300 | - | - | ||
Total operating expenses | ||||||
- | - | - | 641,169 | 647,837 | ||
Income (loss) from operations | ||||||
-312,100 | 21,900 | 7,000 | 10,633 | 31,008 | ||
Other expense (income): | ||||||
Interest income | ||||||
1,000 | 1,300 | 400 | 44 | 69 | ||
Interest expense | ||||||
50,400 | 45,500 | 29,500 | 23,124 | 20,602 | ||
Write-off of unamortized deferred financing fees | ||||||
2,300 | - | 3,900 | - | - | ||
Other | ||||||
1,800 | 1,200 | 700 | 331 | 251 | ||
Total other expense | ||||||
-49,900 | -43,000 | -32,300 | -22,749 | -20,282 | ||
Loss before benefit for income taxes | ||||||
-362,000 | -21,100 | -25,300 | -12,116 | 10,726 | ||
Benefit for income taxes | ||||||
-54,600 | -15,900 | -52,300 | 163 | 7,463 | ||
Net loss | ||||||
-307,400 | -5,200 | 27,000 | -12,279 | 3,263 | ||
Other comprehensive income (loss): | ||||||
Unrealized income on interest rate swaps | ||||||
- | - | 100 | 62 | 33 | ||
Foreign currency translation adjustments, net of tax of $(0.2) and $0.1, respectively | ||||||
500 | -1,800 | 900 | - | - | ||
Comprehensive loss | ||||||
-306,900 | -7,000 | 28,000 | -12,217 | - | ||
Comprehensive income (loss) | ||||||
- | - | - | - | 3,296 | ||
Net loss | ||||||
-307,400 | -5,200 | 27,000 | -12,279 | 3,263 | ||
Net loss attributable to common stockholders | ||||||
-312,400 | -10,100 | 22,000 | -17,049 | -1,473 | ||
Net loss per common share: | ||||||
Basic (in dollars per share) | ||||||
-4.86 | -0.16 | 0.59 | -0.81 | -0.07 | ||
Diluted (in dollars per share) | ||||||
-4.86 | -0.16 | 0.56 | -0.81 | -0.07 | ||
Weighted-average common shares outstanding: | ||||||
Basic (in shares) | ||||||
64,303 | 61,654 | 37,592 | 20,980 | 20,980 | ||
Diluted (in shares) | ||||||
64,303 | 61,654 | 39,593 | 20,980 | 20,980 | ||
Company freight | ||||||
Total revenue | ||||||
804,600 | 721,700 | 460,800 | 517,861 | - | ||
Purchased freight | ||||||
597,700 | 588,600 | 225,300 | - | - | ||
Owner operator freight | ||||||
Total revenue | ||||||
455,300 | 440,500 | 172,000 | - | - | ||
Brokerage | ||||||
Total revenue | ||||||
294,700 | 266,400 | 120,900 | 87,410 | - | ||
Logistics | ||||||
Total revenue | ||||||
47,500 | 42,800 | 22,100 | - | - | ||
Fuel surcharge | ||||||
Total revenue | ||||||
134,900 | 141,700 | 70,500 | 46,531 | - | ||
Fuel | ||||||
Cost of revenue | ||||||
- | - | - | 66,865 | - | ||
Service | ||||||
Cost of revenue | ||||||
- | - | - | 154,054 | - | ||
Taxes and licenses | ||||||
- | - | - | 9,222 | - | ||
Series A | ||||||
Less dividends to convertible preferred stockholders | ||||||
5,000 | 4,900 | 4,200 | - | - | ||
Dividends declared per convertible preferred share | ||||||
7.63 | 7.63 | 6.40 | - | - | ||
Series B | ||||||
Less dividends to convertible preferred stockholders | ||||||
- | - | 800 | 4,770 | - | ||
Dividends declared per convertible preferred share | ||||||
- | - | 12.50 | 18.75 | - | ||