Knight-Swift Transportation Holdings Inc. KNX Income Statement

Knight-swift transportation holdings inc. (KNX)

Income statement / 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	Mar'11	Sep'10	Jun'10
Revenue:
Total revenue
1,124,798	1,196,810	1,200,522	1,242,083	1,204,535	1,394,640	1,346,611	1,331,683	1,271,132	1,359,420	521,608	273,243	271,182	-1,142,173	280,530	1,011,854	967,823	-1,956,557	1,064,973	1,059,404	1,015,144	1,139,500	1,074,880	1,075,898	1,008,446	1,075,389	1,032,127	1,029,071	981,608	1,283,992	992,624	872,584	826,885	1,305,778	863,826	850,470	758,889	758,281	736,185
Operating expenses:
Salaries, wages, and benefits
354,833	354,373	375,491	380,354	363,855	380,874	381,174	371,405	361,673	371,699	154,390	79,944	82,510	-324,492	82,688	287,100	288,633	-487,678	283,767	276,326	261,654	263,219	240,005	238,093	229,366	233,497	220,156	223,852	226,485	262,496	218,607	198,618	200,135	266,345	197,046	202,556	195,476	187,299	186,918
Fuel
121,855	144,676	148,699	151,309	138,439	151,380	162,832	162,969	144,816	143,705	62,300	33,719	35,232	-67,278	34,616	87,371	74,987	-173,846	103,023	116,668	106,907	133,057	149,099	153,677	156,022	150,437	160,561	160,886	168,116	200,922	168,956	145,826	153,003	219,993	159,719	168,537	150,281	116,899	115,494
Operations and maintenance
68,404	74,877	85,108	82,443	79,760	79,967	87,362	88,278	85,020	85,791	37,267	20,596	20,653	-120,970	19,781	87,220	90,215	-207,215	102,719	91,147	94,204	88,712	88,459	84,077	80,825	82,756	85,204	78,996	72,067	96,714	75,337	63,379	55,042	104,208	61,794	58,766	57,104	59,099	54,221
Insurance and claims
54,280	48,612	46,792	48,796	50,136	50,387	52,701	53,126	59,148	57,217	21,117	8,294	8,571	-68,326	9,251	45,806	47,710	-105,758	52,877	42,206	44,307	45,804	37,673	33,321	42,448	41,934	35,110	33,597	31,538	35,322	29,475	26,278	30,580	38,786	21,252	27,876	22,725	22,898	29,479
Operating taxes and licenses
22,169	24,148	20,970	21,560	21,803	22,971	21,986	22,671	23,150	22,705	8,793	4,615	4,431	-22,928	4,546	18,605	18,505	-36,193	19,245	18,271	17,588	17,651	17,892	17,926	18,337	19,110	18,575	18,520	18,114	23,191	17,310	15,444	15,904	24,390	16,450	15,459	15,258	14,307	13,625
Gain on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,963	6,326	-	9,825	10,230	3,932	4,583	11,628	8,312	3,159	9,054	5,619	5,143	2,848	6,140	4,343	3,478	4,390	3,001	2,946	700	2,255	1,808	1,757
Communications
4,874	4,564	4,913	4,960	5,083	5,128	5,041	5,450	5,292	6,566	1,921	1,018	1,186	-10,641	976	6,947	6,900	-19,039	8,236	7,399	7,499	7,664	7,321	7,716	7,170	6,448	6,679	5,901	6,565	7,544	6,699	5,975	6,246	8,143	6,819	6,335	6,460	6,408	6,132
Depreciation and amortization of property and equipment
110,221	109,323	106,884	102,938	100,937	100,186	97,708	95,748	93,863	91,453	43,477	29,246	29,557	-44,983	29,004	64,688	66,951	-73,671	66,852	60,415	56,927	55,787	54,369	54,791	56,175	56,004	58,254	56,880	54,870	64,062	53,994	50,389	50,394	65,129	51,058	51,553	50,358	48,027	48,403
Amortization of intangibles
11,474	10,732	10,759	10,692	10,693	10,693	10,695	10,687	10,509	10,468	2,654	125	125	-8,032	125	4,203	4,204	-12,111	4,204	4,203	4,204	4,203	4,204	4,203	4,204	4,203	4,204	4,203	4,204	4,204	4,203	4,215	4,303	4,405	4,509	4,617	4,727	4,955	5,199
Rental expense
25,375	25,592	28,726	32,875	35,545	37,022	39,806	47,703	52,875	56,285	15,388	1,228	1,323	-109,565	1,279	57,070	56,252	-176,168	59,088	59,800	61,975	61,781	59,655	56,135	51,719	50,447	46,262	42,996	40,623	60,190	39,168	26,576	23,499	61,381	23,685	19,224	17,989	19,187	19,493
Purchased transportation
225,276	254,010	251,337	261,273	269,349	328,970	329,338	335,712	324,283	349,755	127,434	58,299	58,625	-374,117	57,069	283,602	267,309	-636,490	299,866	294,677	288,811	333,738	328,112	340,249	319,169	337,052	318,321	308,117	292,156	403,118	306,028	252,685	233,202	402,956	234,743	223,680	194,037	198,910	197,789
Impairments
902	1,304	0	2,182	0	-	0	0	-	-	16,746	-	-	-	0	0	-	-	-	-	-	-	2,308	-	-	-	0	-	-	2,322	0	0	1,065	-	-	-	-	-	-
Miscellaneous operating expenses
23,016	45,006	17,890	34,108	12,636	17,487	13,688	13,692	16,759	19,907	11,972	3,571	6,331	-	4,261	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and Expenses
1,022,679	-	-	-	1,088,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related costs
-	-	-	-	-	-	-	-	-	-	12,338	4,178	-	0	0	0	0	-	-	-	-	-	-	-	-	-	4,331	-	-	-	0	-	-	-	-	-	-	-	-
Total operating expenses
-	-	1,097,569	1,133,490	-	1,187,863	1,202,331	1,207,441	1,177,388	1,215,649	515,797	244,833	248,544	-1,127,030	243,596	937,649	915,340	-1,886,160	990,052	960,928	940,144	1,007,033	977,469	981,876	962,276	972,834	947,707	928,805	911,890	1,153,945	915,434	785,907	768,983	1,192,735	774,129	777,903	712,160	676,181	674,996
Operating Income (Loss)
102,119	99,593	102,953	108,593	116,299	206,777	144,280	124,242	93,744	143,771	5,811	28,410	22,638	-15,143	36,934	74,205	52,483	-70,397	74,921	98,476	75,000	132,467	97,411	94,022	46,170	102,555	84,420	100,266	69,718	130,047	77,190	86,677	57,902	113,043	89,697	72,567	46,729	82,100	61,189
Other (expenses) income:
Other (expenses) income:
Derivative interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-68	-1,111	2,793	-11,522	1,756	1,618	1,653	1,293	1,465	532	562	0	448	2,108	2,545	2,990	3,384	4,003	4,680	16,963	18,292
Interest income
832	834	1,007	977	1,016	1,009	889	730	572	649	370	130	58	-1,161	83	636	751	-1,365	647	591	587	674	777	692	766	733	604	546	591	641	679	439	397	497	562	471	467	297	283
Interest expense
6,107	7,139	7,790	7,156	7,348	8,746	7,528	7,132	6,764	6,738	1,812	54	82	-15,446	182	7,567	8,594	-28,629	9,130	10,109	10,388	15,014	20,372	21,453	23,225	23,815	24,595	24,762	26,362	30,618	29,102	29,553	32,776	39,220	36,629	36,631	37,501	64,095	62,768
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,567	-	-	-27,152	-2,854	-6,990	-2,913	0	-496	0	-5,044	0	0	-1,279	-20,940	-	-	-	-	-	-
Non-cash impairments of non-operating assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,480	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of real property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	798	0	6,078	-	0	-	-	-	-	-	-	-	-
Legal settlements and reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-	-	0	-6,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income, net
-6,507	-438	3,335	3,101	6,139	3,478	3,327	1,005	2,155	677	-1,442	601	722	1,680	1,389	1,094	776	6,701	752	984	605	3,427	842	710	-864	6,992	-1,174	-1,324	-560	-1,599	423	-1,299	-602	-1,449	380	-664	-511	-612	-1,469
Total other (expenses) income, net
-11,782	-6,743	-3,448	-3,078	-193	-4,259	-3,312	-5,397	-4,037	-5,412	-2,884	677	698	18,965	1,290	-8,837	-7,067	54,984	-17,366	-15,645	-13,469	-41,261	-23,363	-28,659	-26,161	-24,081	-28,311	-23,424	-24,739	-35,203	-28,448	-31,202	-55,262	-119,166	39,071	-39,499	-41,203	-80,149	-79,308
Gain on sale of real property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Income before income taxes
90,337	92,850	99,505	105,515	116,106	202,518	140,968	118,845	89,707	138,359	2,927	29,087	23,336	3,822	38,224	65,368	45,416	-15,413	57,555	82,831	61,531	91,206	74,048	65,363	20,009	78,474	56,109	76,842	44,979	94,844	48,742	55,475	2,640	72,019	50,626	33,068	5,526	1,951	-18,119
Income tax expense
24,554	25,275	24,524	26,076	27,923	50,573	34,624	27,217	18,975	-309,502	-1,272	10,828	8,230	7,468	14,141	22,472	13,511	-8,795	21,274	31,877	23,691	32,715	23,890	25,165	7,704	33,176	26,156	26,963	14,687	28,300	15,086	21,776	-3,548	23,010	19,676	13,485	2,321	2,970	4,960
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
65,783	67,575	74,981	79,439	88,183	151,945	106,344	91,628	70,732	447,861	4,199	18,259	15,106	-	24,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Noncontrolling Interest
357	131	362	234	245	249	463	305	368	296	318	289	230	-	316	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
65,426	67,444	74,619	79,205	87,938	151,696	105,881	91,323	70,364	447,565	3,881	17,970	14,876	-4,705	23,767	42,896	31,905	-8,357	36,281	50,954	37,840	58,491	50,158	40,198	12,305	45,298	29,953	49,879	30,292	66,544	33,656	33,699	6,188	49,009	30,950	19,583	3,205	-1,019	-23,079
Earnings Per Share [Abstract]
Basic (in dollars per share)
0.38	0.39	0.44	0.46	0.51	0.87	0.60	0.51	0.39	3.93	0.04	0.22	0.19	0.32	0.30	0.32	0.23	0.55	0.25	0.36	0.27	0.42	0.35	0.28	0.09	0.32	0.21	0.36	0.22	0.48	0.24	0.24	0.04	0.36	0.22	0.14	0.02	-0.02	-0.38
Diluted (in dollars per share)
0.38	0.39	0.44	0.46	0.51	0.86	0.60	0.51	0.39	3.90	0.04	0.22	0.18	0.32	0.29	0.32	0.23	0.56	0.25	0.35	0.26	0.40	0.35	0.28	0.09	0.32	0.21	0.35	0.21	0.48	0.24	0.24	0.04	0.36	0.22	0.14	0.02	-0.02	-0.38
Dividends declared per share: (in dollars per share)
0.08	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	-	0.06	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares outstanding:
Weighted Average Number of Shares Outstanding, Basic
170,617	170,611	170,504	172,078	172,971	174,612	176,849	178,451	178,160	178,952	102,846	80,520	80,310	-29,550	80,040	134,439	136,519	-101,576	142,801	142,540	142,199	141,878	141,557	141,308	140,981	140,714	140,327	139,989	139,686	139,562	139,535	139,522	139,509	139,516	139,498	139,479	138,127	60	60
Weighted Average Number of Shares Outstanding, Diluted
171,282	170,946	171,290	172,724	173,608	175,607	177,750	179,398	179,241	180,432	103,752	81,349	81,255	-29,343	80,949	135,651	137,655	-102,431	144,132	144,212	143,955	144,167	143,322	143,393	143,018	143,472	142,315	141,838	141,259	138,898	139,546	139,640	140,392	139,533	139,503	140,716	138,900	60	60
Revenue, excluding trucking fuel surcharge [Member]
Total revenue
1,027,095	1,085,412	1,090,210	1,122,754	1,096,956	-	1,212,020	1,191,022	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trucking fuel surcharge revenue [Member]
Total revenue
97,703	111,398	110,312	119,329	107,579	-	134,591	140,661	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue, excluding fuel surcharge [Member]
Total revenue
-	-	-	-	-	-	-	-	1,124,172	-	-	247,022	244,980	-1,070,417	256,243	935,409	906,913	-1,723,998	954,974	935,899	894,864	960,226	881,829	876,337	816,999	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fuel surcharge revenue [Member]
Total revenue
-	-	-	-	-	-	-	-	146,960	-	-	26,221	26,202	-71,756	24,287	76,445	60,910	-232,559	109,999	123,505	120,280	179,274	193,051	199,561	191,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-