Knight-Swift Transportation Holdings Inc. KNX Balance Sheet

Knight-swift transportation holdings inc. (KNX)

Balance Sheet / Quarterly

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	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
119	159	93	55	60	82	91	115	79	76	136	42	61	8	71	118	142	107	53	53	68	105	70	73	46	59	51	43	38	53	43	35	47	82	40	44	47
Cash and cash equivalents – restricted
39	41	40	51	50	46	48	50	55	73	62	58	54	0	59	55	57	55	58	64	61	45	51	52	47	50	50	42	45	51	54	57	61	71	74	96	84
Debt Securities, Held-to-maturity
8	8	10	10	11	17	20	21	22	22	22	22	22	0	22	22	23	23	23	18	18	24	25	25	25	25	24	26	29	22	18	14	11	-	-	-	-
Trade receivables, net of allowance for doubtful accounts of $19,304 and $18,178, respectively
521	518	513	549	555	601	625	598	589	574	545	401	396	133	403	417	408	422	448	451	452	478	454	460	454	418	413	360	358	392	360	348	339	324	334	332	276
Contract balance – revenue in transit
13	12	17	20	-	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment sales receivables
-	-	-	-	-	-	-	-	1	-	0	0	2	8	-	1	6	-	0	0	0	0	0	0	7	0	0	0	2	0	4	1	0	5	-	-	-
Prepaid taxes, licenses, insurance, and other
-	-	-	-	-	-	-	-	-	-	-	45	48	-	50	46	48	48	53	47	48	51	58	55	57	63	65	47	49	58	48	44	50	46	44	43	40
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	39	35	-	42	41	39	46	63	45	94	98	61	64	84	96	29	27	30
Notes receivable, net
-	-	-	-	-	-	-	-	4	-	5	5	6	0	7	8	9	9	9	9	8	9	9	9	8	7	6	4	4	4	5	5	5	6	-	-	8
Prepaid expenses
59	62	73	67	74	67	66	58	62	58	65	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories and supplies
-	-	-	-	-	-	-	-	-	-	-	16	16	-	16	15	18	18	19	18	18	18	20	20	17	18	18	15	16	17	18	17	22	17	17	17	9
Assets held for sale
37	41	57	43	32	39	48	36	30	25	24	1	5	9	11	7	9	9	11	8	3	2	5	8	18	19	9	16	16	31	14	13	21	13	13	11	8
Income tax receivable
12	17	42	35	1	6	41	30	26	55	39	2	0	8	9	0	3	11	17	4	4	18	5	4	11	23	25	8	12	10	15	2	1	3	6	8	5
Due from Affiliate, Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
25	27	51	34	26	29	29	30	23	37	24	-	-	8	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	13	12	-
Total current assets
838	890	900	868	813	907	971	941	895	923	927	598	615	190	653	693	727	705	725	714	720	755	743	752	734	734	728	613	666	742	644	605	645	667	573	594	512
Property and equipment:
Land and land improvements
-	-	-	-	-	227	-	-	219	216	216	132	132	54	131	131	131	131	127	127	122	122	117	116	116	117	124	115	112	120	125	125	125	133	133	136	141
Revenue equipment
-	-	-	-	-	2,617	-	-	2,217	2,197	2,050	2,214	2,229	910	2,233	2,190	2,229	2,278	2,279	2,194	2,120	2,061	1,983	1,955	1,983	1,942	2,008	1,864	1,794	1,863	1,712	1,703	1,676	1,674	1,639	1,648	1,600
Buildings and building improvements
-	-	-	-	-	375	-	-	356	357	357	288	283	145	278	276	271	269	270	263	273	268	267	262	256	248	254	237	235	250	234	231	230	229	228	227	224
Furniture and fixtures
-	-	-	-	-	51	-	-	50	43	40	110	109	20	110	106	103	99	93	78	68	67	62	66	62	61	59	47	46	51	43	43	41	41	38	36	33
Shop and service equipment
-	-	-	-	-	22	-	-	23	22	22	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leasehold improvements
-	-	-	-	-	10	-	-	9	9	9	-	-	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross property and equipment
3,838	3,742	3,671	3,546	3,377	3,305	3,200	2,995	2,877	2,847	2,696	2,745	2,755	1,151	2,754	2,705	2,735	2,779	2,771	2,664	2,586	2,520	2,430	2,400	2,420	2,370	2,447	2,265	2,189	2,286	2,115	2,104	2,074	2,078	2,039	2,048	2,000
Less: accumulated depreciation and amortization
965	892	824	801	753	693	643	592	532	462	399	1,286	1,271	348	1,200	1,176	1,152	1,128	1,092	1,049	1,017	978	946	950	951	922	942	864	851	888	804	802	787	778	747	730	660
Property and equipment, net
2,873	2,850	2,846	2,745	2,623	2,612	2,557	2,403	2,345	2,384	2,296	1,458	1,483	802	1,553	1,528	1,582	1,651	1,678	1,614	1,569	1,542	1,483	1,450	1,468	1,447	1,505	1,400	1,338	1,397	1,311	1,301	1,287	1,299	1,291	1,317	1,339
Operating lease right-of-use assets
159	169	192	221	252	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable, long-term
-	-	-	-	-	-	-	-	11	-	12	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
2,923	2,918	2,918	2,919	2,919	2,919	2,919	2,917	2,910	2,887	2,989	253	253	47	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253	253
Intangible Assets, Net (Excluding Goodwill)
1,423	1,379	1,391	1,399	1,410	1,420	1,431	1,442	1,453	1,440	1,285	257	262	2	270	274	278	283	287	291	295	299	304	308	312	316	320	325	329	333	337	341	346	350	354	359	368
Insurance claims receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	34
Other long-term assets
70	73	71	59	61	51	51	48	39	47	35	22	23	32	22	22	24	26	29	34	37	41	47	50	50	57	57	50	52	65	68	70	66	68	70	66	59
Total assets
8,288	8,281	8,322	8,213	8,081	7,911	7,932	7,753	7,656	7,683	7,547	2,590	2,637	1,078	2,754	2,772	2,867	2,919	2,974	2,909	2,876	2,892	2,832	2,815	2,820	2,809	2,864	2,642	2,639	2,791	2,615	2,572	2,599	2,640	2,544	2,591	2,567
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
168	99	145	165	158	117	164	141	112	119	198	133	114	18	138	121	118	121	136	123	162	160	165	141	174	118	152	122	123	113	112	98	106	81	90	97	90
Accrued payroll and purchased transportation
112	110	116	112	118	126	132	126	117	107	86	-	-	25	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
87	175	162	154	167	151	153	155	187	186	213	142	163	16	132	116	111	97	105	114	110	98	120	127	119	110	123	99	105	107	110	100	103	101	112	104	80
Claims accruals – current portion
158	150	146	153	155	160	165	152	154	147	147	87	86	18	78	85	75	84	79	74	73	81	82	75	80	75	88	80	79	86	70	71	75	73	70	75	86
Finance Lease, Liability, Current
-	-	36	58	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt current portion
377	377	-	-	-	58	-	-	0	49	0	3	5	0	0	4	15	35	29	30	32	31	76	85	80	11	62	62	59	73	41	46	96	59	54	55	66
Capital lease obligations and long-term debt current portion
-	-	-	-	-	-	63	65	46	-	54	45	60	0	71	72	53	59	-	-	-	42	-	-	-	63	-	-	-	-	-	-	-	-	-	-	-
Dividend payable current portion
-	-	-	-	-	-	-	-	0	-	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities – current portion
75	80	88	98	109	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63	52	45	-	0	0	0	0	0	0	0	0	1	1	1	1	2	2	2
Fair value of interest rate swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	4	6	7	5	5	4	4	3	2	1	0	0	-	-	-	-	-
Current portion of accounts receivable securitization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
979	993	696	743	761	614	680	641	618	609	700	412	429	78	422	400	374	398	663	397	429	420	452	436	459	384	432	370	370	383	337	319	382	316	330	335	326
Revolving line of credit
294	279	290	270	60	195	235	120	55	125	85	0	10	18	50	85	200	200	200	0	0	57	82	99	0	17	62	-	-	2	-	-	-	-	-	-	-
Long-term debt – less current portion
-	-	364	364	364	364	364	364	364	364	399	449	470	0	593	593	631	643	652	858	867	871	988	1,016	1,195	1,138	1,286	1,263	1,242	1,357	1,389	1,408	1,446	1,530	1,533	1,632	1,708
Finance lease liabilities – less current portion
55	57	59	66	68	71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities – less current portion
89	96	111	129	151	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Lease Obligations, Noncurrent
-	-	-	-	-	-	73	93	120	127	135	143	151	0	176	178	210	222	232	203	153	158	-	-	-	107	-	-	-	-	-	-	-	-	-	-	-
Fair value of interest rate swaps, less current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	5	7	7	8	10	11	11	11	11	10	8	3	-
Accounts receivable securitization
179	204	204	144	174	239	234	215	280	305	285	294	304	0	299	299	224	223	0	264	294	334	315	319	259	264	260	165	204	204	204	203	163	180	180	176	171
Claims accruals – less current portion
188	196	199	196	207	201	197	213	212	206	204	173	174	13	155	160	158	149	151	148	152	143	143	135	125	118	105	105	103	98	105	104	103	96	109	110	135
Deferred tax liabilities
785	771	774	749	730	739	726	684	671	679	909	398	408	178	438	445	459	463	460	464	465	437	448	454	469	484	472	425	451	441	384	393	397	395	331	315	303
Other long-term liabilities
25	14	15	16	17	23	24	25	24	26	29	4	5	1	6	1	1	0	0	0	0	0	0	2	2	3	3	-	-	2	-	-	-	4	4	4	6
Total liabilities
2,597	2,613	2,716	2,681	2,536	2,449	2,535	2,357	2,346	2,443	2,749	1,875	1,955	289	2,141	2,164	2,260	2,302	2,361	2,336	2,362	2,422	2,429	2,467	2,517	2,525	2,629	2,338	2,383	2,501	2,432	2,440	2,503	2,532	2,498	2,577	2,651
Commitments and contingencies (Notes 4, 10, and 11)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders’ equity:
Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $0.01 per share; 500,000 shares authorized; 169,776 and 170,688 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.
1	1	1	1	1	1	1	1	1	1	-	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class B common stock
-	-	-	-	-	-	0	0	0	0	-	0	0	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional paid-in capital
4,275	4,269	4,263	4,254	4,248	4,242	4,236	4,232	4,225	4,219	4,212	695	688	223	690	699	725	754	795	791	786	781	772	769	764	759	756	903	899	920	895	894	893	891	890	890	822
Retained earnings
1,410	1,395	1,338	1,274	1,292	1,216	1,154	1,159	1,079	1,016	581	18	-7	562	-79	-92	-119	-139	-184	-221	-272	-310	-368	-418	-458	-471	-516	-593	-636	-601	-707	-756	-789	-774	-832	-863	-886
Total Knight-Swift stockholders' equity
5,688	5,666	5,603	5,530	5,542	5,460	5,393	5,394	5,306	5,237	4,795	-	-	786	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Central stockholders' loans receivable, pre-acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	22	-	-	-	-	-	-	-
Accumulated other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-1	-2	-3	-4	-5	-6	-6	-7	-7	-8	-7	-7	-9	-11	-13	-13	-20
Noncontrolling interest
2	2	2	1	1	1	2	2	2	2	2	0	0	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
5,690	5,668	5,605	5,532	5,544	5,462	5,396	5,396	5,309	5,240	4,798	715	681	788	612	608	606	617	612	572	514	470	402	347	302	283	234	304	256	290	182	132	95	107	45	14	-83
Total liabilities and stockholders’ equity
8,288	8,281	8,322	8,213	8,081	7,911	7,932	7,753	7,656	7,683	7,547	2,590	2,637	1,078	2,754	2,772	2,867	2,919	2,974	2,909	2,876	2,892	2,832	2,815	2,820	2,809	2,864	2,642	2,639	2,791	2,615	2,572	2,599	2,640	2,544	2,591	2,567
Preferred stock, par value
-	-	-	-	-	-	-	-	-	-	-	-	0.01	-	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares authorized
-	-	-	-	-	-	-	-	-	-	-	-	10	-	10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares issued
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock, shares outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to Affiliate, Current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Self Insurance Reserve
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
1	1	1	1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-