DASEKE, INC. DSKE Income Statement

Daseke, inc. (DSKE)

Income statement / TTM

Mar'20	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
Revenues:
Total revenue
1,695,000	1,737,000	1,781,013	1,792,213	1,718,513	1,613,113	1,397,422	0	0	-	0	-	-	-	-	-	-	-	-	-
Purchased freight
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	0	0
Freight
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Brokerage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Fuel surcharge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Total revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Operating expenses:
Salaries, wages and employee benefits
474,500	483,200	490,795	477,895	444,295	407,495	364,538	314,693	282,179	250,000	221,191	205,534	197,555	197,789	0	0	0	-	-	-
Fuel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Operations and maintenance
203,900	213,100	219,712	214,412	201,712	181,512	157,577	141,209	129,776	118,400	110,490	103,232	98,623	96,100	0	0	0	-	-	-
Communications
4,400	4,400	4,108	4,008	3,608	3,308	3,008	2,647	2,396	2,100	1,902	1,733	1,538	1,618	0	0	0	-	-	-
Administrative expenses
79,600	75,500	71,796	66,496	62,396	58,496	50,581	43,100	38,022	33,200	31,558	28,160	25,234	25,250	17,988	12,965	7,869	0	0	0
Sales and marketing
4,600	5,100	4,875	4,575	4,075	3,475	2,974	2,462	2,217	2,000	1,888	1,835	1,763	1,743	0	0	0	-	-	-
Taxes and licenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-
Insurance and claims
52,400	49,900	51,576	50,876	49,076	45,776	40,784	34,435	29,077	24,000	20,982	19,696	19,196	19,114	0	0	0	-	-	-
Acquisition-related transaction expenses
-	-	-	-	-	2,641	3,545	3,718	3,355	3,400	2,262	1,489	455	25	0	0	0	-	-	-
Depreciation and amortization
131,300	146,500	156,834	155,334	147,334	131,034	116,842	99,847	85,785	76,900	70,743	67,936	66,942	67,500	0	0	0	-	-	-
Gain on disposition of property and equipment
6,000	5,200	3,792	3,692	3,492	3,192	1,687	1,126	600	700	786	942	397	116	0	0	0	-	-	-
Impairment
0	0	0	-	-	0	-	0	-	-	-	-	-	-	0	-	-	-	-	-
Restructuring charges
0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
2,016,100	2,049,100	2,092,900	1,694,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
-	-	-	-	-	1,591,247	-	-	997,906	-	735,880	678,328	648,540	641,169	0	0	0	-	-	-
Income (loss) from operations
-321,100	-312,100	-319,400	11,100	14,900	21,900	27,781	19,585	15,549	7,000	3,615	3,993	6,815	10,633	16,060	9,780	2,494	0	0	0
Other expense (income):
Interest income
1,100	1,000	800	700	1,100	1,300	1,470	1,346	796	400	134	62	28	44	0	0	0	-	-	-
Interest expense
49,700	50,400	50,400	49,500	47,900	45,500	41,736	38,460	33,904	29,500	26,667	24,767	23,669	23,124	0	0	0	-	-	-
Write-off of unamortized deferred financing fees
-	-	0	-	-	-	-	-	-	3,900	0	0	0	-	-	-	-	-	-	-
Other
0	1,800	-200	500	800	1,200	3,153	2,485	1,592	700	312	344	366	331	0	0	0	-	-	-
Total other expense
-50,900	-49,900	-51,649	-48,149	-45,849	-42,849	-37,130	-34,646	-31,533	-32,300	-30,104	-28,244	-27,158	-22,749	0	0	0	-	-	-
Loss before benefit for income taxes
-372,000	-362,000	-371,200	-37,200	-31,100	-21,100	-9,349	-15,061	-15,984	-25,300	-26,489	-24,251	-20,343	-12,116	0	0	0	-	-	-
Benefit for income taxes
-56,600	-54,600	-62,064	-3,564	-17,364	-15,864	-63,052	-66,614	-49,930	-52,300	-3,893	-348	-1,558	163	0	0	0	-	-	-
Other income - Interest income on Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net loss
-315,400	-307,400	-309,056	-33,556	-13,656	-5,156	53,703	51,553	33,946	27,000	-22,596	-23,903	-18,785	-12,279	-1,692	-499	-1,510	0	0	0
Other comprehensive income (loss):
Unrealized income on interest rate swaps
-	-	-	-	-	-	-	-	-	100	114	175	174	62	0	0	0	-	-	-
Foreign currency translation adjustments, net of tax of $(0.2) and $0.1, respectively
-100	500	-900	-400	-1,400	-1,800	-74	133	0	-	0	0	-	-	-	-	-	-	-	-
Comprehensive loss
-315,500	-306,900	-310,000	-34,000	-15,100	-7,000	14,876	0	0	-	0	-	-	-	-	-	-	-	-	-
Comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-23,221	-18,611	-	0	0	0	-	-	-
Net loss
-315,400	-307,400	-309,056	-33,556	-13,656	-5,156	53,703	51,553	33,946	27,000	-22,596	-23,903	-18,785	-12,279	0	0	0	-	-	-
Less dividends to convertible preferred stockholders
-	0	0	-	-	2,478	0	-	-	-	0	-	-	-	-	-	0	-	-	-
Net loss attributable to common stockholders
-320,400	-312,400	-313,995	-38,495	-18,595	-10,095	48,727	46,552	28,552	22,000	-27,361	-28,686	-23,118	-17,049	0	0	0	-	-	-
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
779,300	804,600	938,365	940,065	893,165	831,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Purchased freight
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owner operator freight
Total revenue
452,100	455,300	460,800	465,100	456,000	440,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Brokerage
Total revenue
285,000	294,700	300,804	304,404	291,704	266,404	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Logistics
Total revenue
45,200	47,500	50,500	48,600	44,400	42,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Fuel surcharge
Total revenue
133,400	134,900	140,344	143,844	143,044	141,744	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Fuel
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Fuel
Cost of revenue
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service
Cost of revenue
-	-	617,249	632,349	-	588,649	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Taxes and licenses
18,800	19,200	19,609	19,509	18,409	17,209	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Series A
Net income (loss)
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Less dividends to convertible preferred stockholders
5,000	5,000	4,900	4,900	4,900	4,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per convertible preferred share
1.91	-	-	1.91	1.91	-	-	1.91	-	-	-	-	-	-	-	-	-	-	-	-