Forward air corp (FWRD)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Operating revenue:
Airport-to-airport

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96,914

102,464

90,627

95,024

92,966

91,493

82,147

-

-

-

-

-

-

Logistics

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,878

21,124

21,313

21,486

18,409

18,005

16,494

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,528

6,769

6,202

7,116

7,250

6,871

6,403

-

-

-

-

-

-

Pool distribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,194

17,969

18,939

24,634

17,124

15,823

15,157

-

-

-

-

-

-

Operating revenue

342,509

381,505

361,663

345,756

321,471

356,560

331,375

330,343

302,608

325,135

298,289

283,876

262,046

312,472

249,552

238,637

229,549

256,420

247,093

249,694

205,918

214,061

201,477

193,852

171,569

181,084

170,033

159,804

141,560

155,525

143,514

148,326

137,081

148,260

135,749

132,192

120,201

133,308

121,522

122,132

106,977

103,079

99,697

Operating expenses:
Purchased transportation

160,134

-

-

-

144,014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased transportation

-

-

163,606

155,124

-

162,803

155,451

155,716

139,666

155,964

140,330

131,102

117,695

160,014

105,039

99,267

96,476

107,516

104,434

107,482

89,337

92,317

85,874

82,834

73,551

79,227

75,211

70,253

60,999

65,177

63,102

65,243

59,198

62,380

56,089

54,209

50,322

144,004

51,177

50,691

-44,501

-43,488

-41,973

Airport-to-airport

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,150

42,639

36,758

38,295

36,142

35,675

32,593

-

-

-

-

-

-

Logistics

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,954

16,086

15,716

16,046

14,041

13,373

12,799

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,822

1,832

1,598

1,752

1,797

1,659

1,473

-

-

-

-

-

-

Pool distribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,176

4,686

5,126

6,287

4,109

3,502

3,457

-

-

-

-

-

-

Salaries, wages and employee benefits

86,672

91,264

87,259

80,278

76,362

82,548

76,028

72,073

69,581

73,562

65,334

65,018

61,928

66,413

60,161

57,018

58,678

65,790

59,025

61,886

53,903

50,641

45,651

44,391

41,422

41,949

39,165

36,031

33,952

37,598

31,698

32,536

33,174

35,315

33,402

31,439

30,495

94,766

31,845

33,167

-30,670

-28,591

-29,187

Operating leases

23,564

21,990

20,521

20,326

19,173

21,036

18,671

18,006

17,964

16,593

16,809

14,796

15,601

15,808

16,215

14,601

13,868

15,167

17,072

18,277

15,756

8,975

8,503

8,165

8,351

8,387

6,991

6,888

7,044

7,164

6,895

6,824

7,106

7,039

6,672

6,705

6,706

20,121

6,508

6,252

-6,629

-6,631

-6,820

Depreciation, Depletion and Amortization

10,629

10,073

10,528

10,681

10,827

10,836

10,295

10,362

10,690

10,477

10,326

10,219

10,033

9,802

9,399

9,341

9,668

9,555

9,399

9,519

8,684

8,254

8,115

7,751

7,013

6,202

6,220

5,971

5,186

5,081

5,425

5,394

5,121

5,260

5,429

5,222

5,082

15,064

5,228

5,107

-4,949

-5,006

-4,823

Insurance and claims

11,770

11,910

10,930

13,229

9,371

8,738

9,203

10,086

7,153

8,198

7,844

7,730

5,806

6,179

7,170

6,648

5,395

4,952

5,161

6,240

5,130

4,758

3,747

3,104

4,127

3,454

3,290

3,215

2,660

3,177

3,098

2,236

2,798

2,658

2,120

1,845

2,175

7,104

1,546

2,106

-2,331

-2,045

-2,223

Fuel expense

5,340

6,579

6,105

5,929

5,608

6,335

5,634

5,598

5,554

5,095

4,096

3,671

3,680

3,857

3,416

2,999

2,961

3,869

3,826

4,188

4,020

5,158

5,012

5,172

4,806

4,610

3,871

3,656

3,008

2,767

2,318

2,412

2,541

2,683

2,406

2,564

2,388

6,526

1,949

2,044

-2,058

-1,880

-1,637

Other operating expenses

32,698

30,576

32,025

29,639

31,382

29,217

26,214

25,632

27,765

27,404

26,374

21,344

23,560

22,453

23,452

20,669

21,098

20,557

23,575

22,194

20,839

18,324

17,669

14,840

16,028

14,052

12,428

11,285

12,921

10,527

11,352

10,598

10,354

9,297

9,311

10,332

9,747

28,890

7,764

9,263

-9,784

-8,767

-8,161

Impairment of goodwill and other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

42,442

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Total operating expenses

330,807

348,655

330,974

315,206

296,737

321,513

301,496

297,473

278,373

297,293

271,113

253,880

238,303

284,526

224,852

252,985

208,144

227,406

222,492

229,786

197,669

188,427

174,571

166,257

155,298

157,881

147,176

137,299

125,770

131,491

123,888

125,243

120,292

124,632

115,429

112,316

106,915

114,631

106,017

108,630

100,922

96,408

94,824

Income from operations

11,702

32,850

30,689

30,550

24,734

35,047

29,879

32,870

24,235

27,842

27,176

29,996

23,743

27,946

24,700

-14,348

21,405

29,014

24,601

19,908

8,249

25,634

26,906

27,595

16,271

23,203

22,857

22,505

15,790

24,034

19,626

23,083

16,789

23,628

20,320

19,876

13,286

18,677

15,505

13,502

6,055

6,671

4,873

Other expense:
Interest expense

853

794

761

581

575

457

472

483

371

403

288

236

282

367

216

461

553

559

554

570

364

255

172

101

82

131

145

128

128

150

111

79

51

152

131

141

195

543

191

181

-185

-177

-150

Other, net

0

0

1

-1

-1

0

-1

-1

0

0

-3

18

-26

154

-4

-117

-29

69

10

-89

-48

146

-55

112

86

26

27

14

32

20

-21

-2

17

17

10

31

16

113

26

-19

-30

-51

-20

Total other expense

853

-1,946

-760

-582

576

-457

-473

-484

-371

-403

-291

-218

-308

-213

-220

-578

-582

-490

-544

-659

-412

-109

-227

11

4

-105

-118

-114

-96

-130

-132

-81

-34

-135

-121

-110

-179

-120

-165

-200

-155

-126

-130

Income before income taxes

10,849

32,056

29,929

29,968

24,158

34,590

29,406

32,386

23,864

27,439

26,885

29,778

23,435

27,733

24,480

-14,926

20,823

28,524

24,057

19,249

7,837

25,525

26,679

27,606

16,275

23,098

22,739

22,391

15,694

23,904

19,494

23,002

16,755

23,493

20,199

19,766

13,107

18,557

15,340

13,302

5,900

6,545

4,743

Income tax expense

2,474

7,889

7,734

7,638

5,751

6,907

7,077

8,088

6,123

-7,241

8,557

10,112

8,854

15,192

12,549

-4,860

7,724

5,297

8,370

7,425

3,000

8,480

9,935

10,428

6,073

7,514

8,542

8,560

4,839

7,943

7,227

8,835

6,482

9,044

7,287

7,797

5,238

6,740

6,452

5,390

2,481

2,766

1,899

Net Income (Loss) Attributable to Parent

8,375

24,167

22,195

22,330

18,407

27,683

22,329

24,298

17,741

34,680

18,328

19,666

14,581

12,541

11,931

-10,066

13,099

23,227

15,687

11,824

4,837

17,045

16,744

17,178

10,202

15,584

14,197

13,831

10,855

15,961

12,267

14,167

10,273

14,449

12,912

11,969

7,869

11,817

8,888

7,912

3,419

3,779

2,844

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.30

0.86

0.78

0.78

0.64

0.95

0.76

0.83

0.60

1.16

0.61

0.65

0.48

0.41

0.39

-0.33

0.43

0.75

0.51

0.38

0.16

0.55

0.55

0.56

0.33

0.51

0.47

0.46

0.37

0.55

0.42

0.49

0.36

0.50

0.44

0.41

0.27

0.41

0.31

0.27

0.12

0.13

0.10

Earnings Per Share, Diluted

0.30

0.84

0.78

0.78

0.64

0.94

0.76

0.82

0.60

1.15

0.61

0.65

0.48

0.41

0.39

-0.33

0.43

0.74

0.50

0.38

0.16

0.54

0.54

0.55

0.33

0.50

0.46

0.45

0.36

0.54

0.41

0.48

0.35

0.49

0.44

0.40

0.27

0.40

0.31

0.27

0.12

0.13

0.10

Basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,374

30,161

29,511

-

29,088

28,908

28,692

28,499

29,237

29,337

29,135

57,934

29,000

28,973

28

28

28

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,986

30,736

30,264

-

29,660

29,445

29,363

28,966

29,552

29,851

29,371

58,166

29,129

29,119

29

29

28

Dividends per share (in dollars per share)

0.18

0.18

0.18

0.18

0.18

0.18

0.15

0.15

0.15

-

-

-

-

-

-

-

-

-

-

-

0.12

0.12

0.12

0.12

0.12

0.10

0.10

0.10

0.10

0.10

0.10

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07