Forward air corp (FWRD)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating revenue:
Airport-to-airport

-

-

-

-

-

-

-

-

361,630

321,702

268,245

-

Logistics

-

-

-

-

-

-

-

-

74,394

64,935

54,067

-

Other

-

-

-

-

-

-

-

-

27,640

25,130

23,076

-

Pool distribution

-

-

-

-

-

-

-

-

72,738

72,172

72,022

-

Operating revenue

1,410,395

1,320,886

1,169,346

1,030,210

959,125

780,959

652,481

584,446

536,402

483,939

417,410

474,436

Operating expenses:
Purchased transportation

639,007

613,636

545,091

460,796

408,769

334,576

285,690

252,720

223,000

201,371

174,428

-189,085

Airport-to-airport

-

-

-

-

-

-

-

-

142,705

129,111

112,516

-

Logistics

-

-

-

-

-

-

-

-

56,259

50,225

42,188

-

Other

-

-

-

-

-

-

-

-

6,681

6,288

5,234

-

Pool distribution

-

-

-

-

-

-

-

-

17,355

15,747

14,490

-

Salaries, wages and employee benefits

335,163

300,230

265,842

242,270

240,604

182,105

151,097

135,006

130,651

129,108

118,804

-116,504

Operating leases

82,010

75,677

63,799

60,492

66,272

33,994

29,310

27,989

27,122

26,252

27,294

-24,403

Depreciation, Depletion and Amortization

42,109

42,183

41,055

38,210

37,157

31,133

23,579

21,021

20,993

20,450

19,722

-16,615

Insurance and claims

45,440

35,180

29,578

25,392

21,483

15,736

12,619

11,309

8,798

8,425

9,719

-8,099

Fuel expense

24,221

23,121

16,542

13,233

15,903

20,148

15,145

10,038

10,041

8,461

7,312

-11,465

Other operating expenses

123,622

108,828

98,682

87,672

87,165

66,861

50,686

42,831

38,687

36,133

34,424

-37,980

Impairment of goodwill and other intangible assets

-

-

-

42,442

0

0

-

-

-

-

7,157

0

Total operating expenses

1,291,572

1,198,855

1,060,589

970,507

877,353

684,553

568,126

500,914

459,292

430,200

398,860

404,151

Income from operations

118,823

122,031

108,757

59,703

81,772

96,406

84,355

83,532

77,110

53,739

18,550

70,285

Other expense:
Interest expense

2,711

1,783

1,209

1,597

2,047

610

532

391

619

730

670

1,236

Other, net

-1

-2

-11

4

-58

289

99

14

74

90

69

362

Total other expense

-2,712

-1,785

-1,220

-1,593

-2,105

-321

-433

-377

-545

-640

-601

-874

Income before income taxes

116,111

120,246

107,537

58,110

79,667

96,085

83,922

83,155

76,565

53,099

17,949

69,411

Income tax expense

29,012

28,195

20,282

30,605

24,092

34,916

29,455

30,487

29,366

21,063

8,147

26,869

Net Income (Loss) Attributable to Parent

87,099

92,051

87,255

27,505

55,575

61,169

54,467

52,668

47,199

32,036

9,802

42,542

Earnings Per Share [Abstract]
Earnings Per Share, Basic

3.06

3.14

2.90

0.90

1.80

1.99

1.81

1.82

1.62

1.11

0.34

1.48

Earnings Per Share, Diluted

3.04

3.12

2.89

0.90

1.78

1.96

1.77

1.78

1.60

1.10

0.34

1.47

Basic (in shares)

-

-

-

-

-

-

-

-

29,052

28,984

28,928

28

Diluted (in shares)

-

-

-

-

-

-

-

-

29,435

29,111

28,993

29

Dividends per share (in dollars per share)

0.72

0.63

0.60

0.50

0.48

0.48

0.40

0.34

0.28

0.28

0.28

0.28