FORWARD AIR CORP FWRD Income Statement

Forward air corp (FWRD)

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	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating revenue:
Airport-to-airport
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385,029	381,081	370,110	361,630	0	0	0	-	-	-	-	-	-
Logistics
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84,801	82,332	79,213	74,394	0	0	0	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,615	27,337	27,439	27,640	0	0	0	-	-	-	-	-	-
Pool distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,736	78,666	76,520	72,738	0	0	0	-	-	-	-	-	-
Operating revenue
1,431,433	1,410,395	1,385,450	1,355,162	1,339,749	1,320,886	1,289,461	1,256,375	1,209,908	1,169,346	1,156,683	1,107,946	1,062,707	1,030,210	974,158	971,699	982,756	959,125	916,766	871,150	815,308	780,959	747,982	716,538	682,490	652,481	626,922	600,403	588,925	584,446	577,181	569,416	553,282	536,402	521,450	507,223	497,163	483,939	453,710	431,885	0	0	0
Operating expenses:
Purchased transportation
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased transportation
-	-	625,547	617,392	-	613,636	606,797	591,676	567,062	545,091	549,141	513,850	482,015	460,796	408,298	407,693	415,908	408,769	393,570	375,010	350,362	334,576	321,486	310,823	298,242	285,690	271,640	259,531	254,521	252,720	249,923	242,910	231,876	223,000	304,624	299,712	296,194	201,371	13,879	-79,271	0	0	0
Airport-to-airport
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	157,842	153,834	146,870	142,705	0	0	0	-	-	-	-	-	-
Logistics
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63,802	61,889	59,176	56,259	0	0	0	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,004	6,979	6,806	6,681	0	0	0	-	-	-	-	-	-
Pool distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,275	20,208	19,024	17,355	0	0	0	-	-	-	-	-	-
Salaries, wages and employee benefits
345,473	335,163	326,447	315,216	307,011	300,230	291,244	280,550	273,495	265,842	258,693	253,520	245,520	242,270	241,647	240,511	245,379	240,604	225,455	212,081	194,586	182,105	173,413	166,927	158,567	151,097	146,746	139,279	135,784	135,006	132,723	134,427	133,330	130,651	190,102	188,545	190,273	129,108	5,751	-55,281	0	0	0
Operating leases
86,401	82,010	81,056	79,206	76,886	75,677	71,234	69,372	66,162	63,799	63,014	62,420	62,225	60,492	59,851	60,708	64,384	66,272	60,080	51,511	41,399	33,994	33,406	31,894	30,617	29,310	28,087	27,991	27,927	27,989	27,864	27,641	27,522	27,122	40,204	40,040	39,587	26,252	-500	-13,828	0	0	0
Depreciation, Depletion and Amortization
41,911	42,109	42,872	42,639	42,320	42,183	41,824	41,855	41,712	41,055	40,380	39,453	38,575	38,210	37,963	37,963	38,141	37,157	35,856	34,572	32,804	31,133	29,081	27,186	25,406	23,579	22,458	21,663	21,086	21,021	21,200	21,204	21,032	20,993	30,797	30,596	30,481	20,450	380	-9,671	0	0	0
Insurance and claims
47,839	45,440	42,268	40,541	37,398	35,180	34,640	33,281	30,925	29,578	27,559	26,885	25,803	25,392	24,165	22,156	21,748	21,483	21,289	19,875	16,739	15,736	14,432	13,975	14,086	12,619	12,342	12,150	11,171	11,309	10,790	9,812	9,421	8,798	13,244	12,670	12,931	8,425	-724	-4,493	0	0	0
Fuel expense
23,953	24,221	23,977	23,506	23,175	23,121	21,881	20,343	18,416	16,542	15,304	14,624	13,952	13,233	13,245	13,655	14,844	15,903	17,192	18,378	19,362	20,148	19,600	18,459	16,943	15,145	13,302	11,749	10,505	10,038	9,954	10,042	10,194	10,041	13,884	13,427	12,907	8,461	55	-3,531	0	0	0
Other operating expenses
124,938	123,622	122,263	116,452	112,445	108,828	107,015	107,175	102,887	98,682	93,731	90,809	90,134	87,672	85,776	85,899	87,424	87,165	84,932	79,026	71,672	66,861	62,589	57,348	53,793	50,686	47,161	46,085	45,398	42,831	41,601	39,560	39,294	38,687	58,280	56,733	55,664	36,133	-1,524	-17,449	0	0	0
Impairment of goodwill and other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total operating expenses
1,325,642	1,291,572	1,264,430	1,234,952	1,217,219	1,198,855	1,174,635	1,144,252	1,100,659	1,060,589	1,047,822	1,001,561	1,000,666	970,507	913,387	911,027	887,828	877,353	838,374	790,453	726,924	684,553	654,007	626,612	597,654	568,126	541,736	518,448	506,392	500,914	494,055	485,596	472,669	459,292	449,291	439,879	436,193	430,200	411,977	400,784	0	0	0
Income from operations
105,791	118,823	121,020	120,210	122,530	122,031	114,826	112,123	109,249	108,757	108,861	106,385	62,041	59,703	60,771	60,672	94,928	81,772	78,392	80,697	88,384	96,406	93,975	89,926	84,836	84,355	85,186	81,955	82,533	83,532	83,126	83,820	80,613	77,110	72,159	67,344	60,970	53,739	41,733	31,101	0	0	0
Other expense:
Interest expense
2,989	2,711	2,374	2,085	1,987	1,783	1,729	1,545	1,298	1,209	1,173	1,101	1,326	1,597	1,789	2,127	2,236	2,047	1,743	1,361	892	610	486	459	486	532	551	517	468	391	393	413	475	619	1,010	1,070	1,110	730	10	-331	0	0	0
Other, net
0	-1	-1	-3	-3	-2	-2	-4	15	-11	143	142	7	4	-81	-67	-39	-58	19	-46	155	289	169	251	153	99	93	45	29	14	11	42	75	74	170	186	136	90	-74	-120	0	0	0
Total other expense
-2,435	-2,712	-1,223	-936	-838	-1,785	-1,731	-1,549	-1,283	-1,220	-1,030	-959	-1,319	-1,593	-1,870	-2,194	-2,275	-2,105	-1,724	-1,407	-737	-321	-317	-208	-333	-433	-458	-472	-439	-377	-382	-371	-400	-545	-530	-574	-664	-640	-646	-611	0	0	0
Income before income taxes
102,802	116,111	118,645	118,122	120,540	120,246	113,095	110,574	107,966	107,537	107,831	105,426	60,722	58,110	58,901	58,478	92,653	79,667	76,668	79,290	87,647	96,085	93,658	89,718	84,503	83,922	84,728	81,483	82,094	83,155	82,744	83,449	80,213	76,565	71,629	66,770	60,306	53,099	41,087	30,490	0	0	0
Income tax expense
25,735	29,012	28,030	27,373	27,823	28,195	14,047	15,527	17,551	20,282	42,715	46,707	31,735	30,605	20,710	16,531	28,816	24,092	27,275	28,840	31,843	34,916	33,950	32,557	30,689	29,455	29,884	28,569	28,844	30,487	31,588	31,648	30,610	29,366	27,062	26,227	23,820	21,063	17,089	12,536	0	0	0
Net Income (Loss) Attributable to Parent
77,067	87,099	90,615	90,749	92,717	92,051	99,048	95,047	90,415	87,255	65,116	58,719	28,987	27,505	38,191	41,947	63,837	55,575	49,393	50,450	55,804	61,169	59,708	57,161	53,814	54,467	54,844	52,914	53,250	52,668	51,156	51,801	49,603	47,199	44,567	40,543	36,486	32,036	23,998	17,954	0	0	0
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