Daseke, inc. (DSKE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
Revenues:
Total revenue

391,000

403,000

450,400

450,600

433,000

447,013

461,600

376,900

327,600

-

231,322

-

-

-

-

-

-

-

-

-

Purchased freight

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,541

41,185

36,775

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

197,323

160,434

-

-

-

-

0

0

0

Freight

-

-

-

-

-

-

-

-

-

-

-

-

-

-

135,415

136,792

126,259

-

-

-

Brokerage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,977

21,778

20,604

-

-

-

Fuel surcharge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,756

11,787

10,018

-

-

-

Total revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174,148

170,357

156,881

-

-

-

Operating expenses:
Salaries, wages and employee benefits

110,400

112,100

127,700

124,300

119,100

119,695

114,800

90,700

82,300

76,738

64,955

58,186

50,121

47,929

49,298

50,207

50,355

-

-

-

Fuel

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,296

17,283

14,497

-

-

-

Operations and maintenance

45,600

48,400

56,800

53,100

54,800

55,012

51,500

40,400

34,600

31,077

35,132

28,967

23,224

23,167

27,874

24,358

20,701

-

-

-

Communications

1,000

1,200

1,000

1,200

1,000

908

900

800

700

608

539

549

404

410

370

354

484

-

-

-

Administrative expenses

20,200

20,800

21,400

17,200

16,100

17,096

16,100

13,100

12,200

9,181

8,619

8,022

7,378

7,539

5,221

5,096

7,394

277

198

0

Sales and marketing

700

1,300

1,300

1,300

1,200

1,075

1,000

800

600

574

488

555

383

462

435

483

363

-

-

-

Taxes and licenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,268

2,345

2,333

-

-

-

Insurance and claims

15,000

11,800

13,400

12,200

12,500

13,476

12,700

10,400

9,200

8,484

6,351

5,042

4,123

5,466

5,065

4,542

4,041

-

-

-

Acquisition-related transaction expenses

-

-

-

-

-

241

600

1,400

400

1,145

773

1,037

445

7

0

3

15

-

-

-

Depreciation and amortization

26,300

27,000

38,300

39,700

41,500

37,334

36,800

31,700

25,200

23,142

19,805

17,638

16,315

16,985

16,998

16,644

16,873

-

-

-

Gain on disposition of property and equipment

1,200

3,100

1,000

700

400

1,692

900

500

100

187

339

-26

200

273

495

-571

-81

-

-

-

Impairment

13,400

6,000

306,800

-

-

11,050

-

2,800

-

-

-

-

-

-

1,195

-

-

-

-

-

Restructuring charges

500

-

6,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

399,300

403,900

767,000

445,900

432,300

-

447,700

368,400

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

455,284

-

-

319,900

-

225,618

192,859

161,283

156,120

168,066

163,071

153,912

-

-

-

Income (loss) from operations

-8,300

-900

-316,600

4,700

700

-8,200

13,900

8,500

7,700

-2,319

5,704

4,464

-849

-5,704

6,082

7,286

2,969

-277

-198

0

Other expense (income):
Interest income

300

300

300

200

200

100

200

600

400

270

76

50

4

4

4

16

20

-

-

-

Interest expense

12,000

12,200

12,800

12,700

12,700

12,200

11,900

11,100

10,300

8,436

8,624

6,544

5,896

5,603

6,724

5,446

5,351

-

-

-

Write-off of unamortized deferred financing fees

-

-

2,000

-

-

-

-

-

-

17

0

0

3,883

-

-

-

-

-

-

-

Other

-1,200

500

0

700

600

-1,500

700

1,000

1,000

453

32

107

108

65

64

129

73

-

-

-

Total other expense

-12,900

-11,700

-14,500

-11,800

-11,900

-13,449

-11,000

-9,500

-8,900

-7,730

-8,516

-6,387

-9,667

-5,534

-6,656

-5,301

-5,258

-

-

-

Loss before benefit for income taxes

-21,200

-12,600

-331,100

-7,100

-11,200

-21,800

2,900

-1,000

-1,200

-10,049

-2,812

-1,923

-10,516

-11,238

-574

1,985

-2,289

-

-

-

Benefit for income taxes

-3,900

5,800

-57,800

-700

-1,900

-1,664

700

-14,500

-400

-48,852

-2,862

2,184

-2,770

-445

683

974

-1,049

-

-

-

Other income - Interest income on Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

134

0

Net loss

-17,300

-18,400

-273,300

-6,400

-9,300

-20,056

2,200

13,500

-800

38,803

50

-4,107

-7,746

-10,793

-1,257

1,011

-1,240

-206

-64

0

Other comprehensive income (loss):
Unrealized income on interest rate swaps

-

-

-

-

-

-

-

-

-

48

0

0

52

62

61

-1

-60

-

-

-

Foreign currency translation adjustments, net of tax of $(0.2) and $0.1, respectively

-500

200

-200

400

100

-1,200

300

-600

-300

-

526

507

-

-

-

-

-

-

-

-

Comprehensive loss

-17,800

-18,200

-273,500

-6,000

-9,200

-21,300

2,500

12,900

-1,100

-

576

-

-

-

-

-

-

-

-

-

Comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-3,600

-7,694

-

-1,196

1,010

-1,300

-

-

-

Net loss

-17,300

-18,400

-273,300

-6,400

-9,300

-20,056

2,200

13,500

-800

38,803

50

-4,107

-7,746

-10,793

-1,257

1,011

-1,240

-

-

-

Less dividends to convertible preferred stockholders

-

1,300

1,200

-

-

1,239

1,200

-

-

-

1,225

-

-

-

-

-

1,243

-

-

-

Net loss attributable to common stockholders

-18,500

-19,700

-274,500

-7,700

-10,500

-21,295

1,000

12,200

-2,000

37,527

-1,175

-5,800

-8,552

-11,834

-2,500

-232

-2,483

-

-

-

Net loss per common share:
Basic (in dollars per share)

-

-0.31

-

-

-

-0.33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in dollars per share)

-

-0.31

-

-

-

-0.33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and Diluted (in dollars per share)

-0.29

-

-4.25

-0.12

-0.16

-

0.01

0.20

-0.04

-

-0.03

-0.15

-0.32

-

-0.12

-0.01

-0.12

-0.04

-0.01

0.00

Weighted-average common shares outstanding:
Basic and Diluted (in shares)

64,600

-

64,583

64,523

64,500

-

65,289

60,558

54,315

-

39,359

37,945

26,931

-

20,980

20,980

20,980

6,211

5,713

5,031

Basic (in shares)

-

-

-

-

-

-

-

-

-

-

39

37

-

-

-

-

-

-

-

-

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

39

37

-

-

-

-

-

-

-

-

Dividends declared per convertible preferred share

-

-

1.91

-

-

-

1.91

-

1.91

-

-

-

-

-

-

-

18.75

-

-

-

Company freight
Total revenue

180,900

186,300

205,200

206,900

206,200

320,065

206,900

160,000

144,600

-

-

-

-

-

-

-

-

-

-

-

Purchased freight

134,200

-

-

-

146,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Owner operator freight
Total revenue

107,800

104,300

118,300

121,700

111,000

109,800

122,600

112,600

95,500

-

-

-

-

-

-

-

-

-

-

-

Brokerage
Total revenue

61,700

71,900

78,600

72,800

71,400

78,004

82,200

60,100

46,100

-

-

-

-

-

-

-

-

-

-

-

Logistics
Total revenue

10,100

8,500

13,500

13,100

12,400

11,500

11,600

8,900

10,700

-

-

-

-

-

-

-

-

-

-

-

Fuel surcharge
Total revenue

30,500

32,000

34,800

36,100

32,000

37,444

38,300

35,300

30,700

-

-

-

-

-

-

-

-

-

-

-

Fuel

28,700

-

34,100

36,200

35,000

-

38,900

31,300

33,400

-

-

-

-

-

-

-

-

-

-

-

Fuel
Cost of revenue

-

-

-

-

-

37,431

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service
Cost of revenue

-

-

155,500

156,400

-

158,749

170,600

141,600

117,700

-

-

-

-

-

-

-

-

-

-

-

Taxes and licenses

4,500

4,500

4,800

5,000

4,900

4,909

4,700

3,900

3,700

-

-

-

-

-

-

-

-

-

-

-

Series A
Net income (loss)

-

-

273,300

-

-

-

-2,200

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

273,300

-

-

-

-2,200

-

-

-

-

-

-

-

-

-

-

-

-

-

Less dividends to convertible preferred stockholders

1,200

1,300

1,200

1,300

1,200

1,200

1,200

1,300

1,200

-

-

-

-

-

-

-

-

-

-

-

Dividends declared per convertible preferred share

1.91

-

-

1.91

1.91

-

-

1.91

-

-

-

-

-

-

-

-

-

-

-

-