LANDSTAR SYSTEM INC LSTR Income Statement

Landstar system inc (LSTR)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
927,566	1,010,302	1,011,658	1,045,040	1,033,000	1,182,351	1,202,081	1,182,786	1,047,926	1,051,592	943,430	870,434	780,908	892,829	787,938	775,223	711,644	848,602	841,726	868,383	762,380	862,830	819,320	814,443	688,197	691,975	675,535	674,390	622,880	668,635	717,168	735,973	649,023	696,814	684,013	675,561	571,986	587,535	622,826	641,721	548,088	500,670	491,164
Investment income
1,167	1,305	1,315	1,283	1,138	1,062	1,002	891	861	765	711	608	414	402	357	363	380	353	350	339	354	354	332	332	363	364	366	371	374	378	393	405	387	411	373	393	528	489	495	289	285	279	250
Costs and expenses:
Purchased transportation
709,257	761,828	774,520	799,371	791,755	911,251	931,473	916,940	810,297	815,171	726,827	667,588	595,523	684,918	601,002	589,415	540,328	651,030	645,583	667,577	587,153	668,583	633,596	628,933	530,031	534,250	518,141	517,040	477,496	526,458	548,162	562,781	492,922	548,006	518,300	509,982	431,378	442,353	474,665	490,089	417,201	372,328	366,567
Commissions to agents
75,376	84,364	84,568	87,623	85,671	102,174	99,304	94,399	82,125	86,732	76,598	70,282	63,798	75,130	65,144	64,839	59,092	71,147	69,297	70,032	59,784	69,584	64,631	63,861	52,704	54,978	53,630	53,715	49,032	55,394	56,036	56,460	50,232	56,752	54,990	54,004	44,171	46,710	47,316	46,971	40,408	39,484	39,927
Other operating costs, net of gains on asset sales/dispositions
8,306	8,743	10,431	9,861	8,239	7,627	8,966	7,606	7,604	6,190	8,097	7,503	6,897	8,218	7,492	6,585	7,407	7,230	8,718	7,981	7,689	6,421	6,521	6,243	6,586	6,172	6,011	4,145	5,240	4,947	6,447	4,716	6,472	6,235	6,427	7,679	7,944	6,874	6,448	7,968	7,536	6,911	7,388
Insurance and claims
24,957	25,071	23,969	16,286	14,993	17,959	18,819	21,539	17,360	16,212	17,927	13,893	14,513	14,485	12,488	16,094	14,213	11,144	10,502	12,312	14,796	8,548	12,026	13,849	11,857	13,531	13,335	11,809	11,763	8,878	8,010	9,306	11,095	8,542	9,381	13,449	11,266	11,725	11,480	13,831	12,298	10,257	9,797
Selling, general and administrative
45,327	38,236	38,152	41,297	41,268	47,264	46,699	48,998	45,251	47,404	43,995	40,861	38,323	37,028	34,692	36,905	34,614	37,907	36,811	37,738	37,248	41,683	36,215	36,752	35,600	36,743	30,990	32,500	31,477	24,178	37,455	37,662	38,799	24,589	39,206	35,782	37,264	38,194	41,070	36,973	36,843	33,078	32,243
Depreciation and amortization
11,505	11,423	10,695	11,034	11,316	11,050	10,754	10,769	10,997	10,599	10,130	9,897	9,934	9,687	9,016	8,655	8,438	7,849	7,185	7,049	7,019	7,156	7,086	6,565	6,768	6,924	7,180	7,125	6,438	4,737	7,072	6,664	6,740	4,569	6,549	6,388	6,399	6,360	6,456	6,196	5,792	6,213	5,716
Total costs and expenses
874,728	929,665	942,335	965,472	953,242	1,097,325	1,116,015	1,100,251	973,634	982,308	883,574	810,024	728,988	829,466	729,834	722,493	664,092	786,307	778,096	802,689	713,689	801,975	760,075	756,203	643,546	652,598	629,287	626,334	581,446	624,592	663,182	677,589	606,260	648,693	634,853	627,284	538,422	552,216	587,435	602,028	520,078	468,271	461,638
Operating income
54,005	66,519	70,638	80,851	80,896	86,088	87,068	83,426	75,153	70,049	60,567	61,018	52,334	63,765	58,461	53,093	47,932	62,648	63,980	66,033	49,045	61,209	59,577	58,572	45,014	39,741	46,614	48,427	41,808	44,421	54,379	58,789	43,150	48,532	49,533	48,670	34,092	35,808	35,886	39,982	28,295	32,678	29,776
Interest and debt expense
952	863	764	709	805	899	816	839	800	607	657	819	1,083	1,069	948	888	889	741	714	713	781	917	774	718	768	844	856	771	740	798	818	770	724	769	735	777	828	924	1,035	810	854	957	973
Income before income taxes
53,053	65,656	69,874	80,142	80,091	85,189	86,252	82,587	74,353	69,442	59,910	60,199	51,251	62,696	57,513	52,205	47,043	61,907	63,266	65,320	48,264	60,292	58,803	57,854	44,246	38,897	45,758	47,656	41,068	43,623	53,561	58,019	42,426	47,763	48,798	47,893	33,264	34,884	34,851	39,172	27,441	31,721	28,803
Income taxes
12,158	15,608	16,619	19,042	16,791	16,889	19,304	20,095	16,880	4,759	17,490	22,689	18,868	23,122	21,235	19,891	17,859	24,052	23,918	24,849	18,249	21,801	22,048	21,929	16,608	13,721	17,255	18,164	15,317	12,860	20,460	22,164	15,579	16,533	18,640	18,295	12,707	11,005	13,315	14,962	10,484	11,859	10,946
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.56	0.62	0.64	0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.75	0.02	0.02	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
40,895	50,048	53,255	61,100	63,300	68,300	66,948	62,492	57,473	64,683	42,420	37,510	32,383	-	36,278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,101	35,855	26,847	-	30,158	29,598	20,557	23,879	21,536	24,210	16,957	19,862	17,857
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,176	28,503	29,492	25,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,381	743	934	1,029	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Net loss attributable to noncontrolling interest
-	0	0	0	-17	-44	-37	-31	-44	69	-23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-62	-220	-266	-227	-219	-214	-
Net income attributable to Landstar System, Inc. and subsidiary
40,895	50,048	53,255	61,100	63,317	68,256	66,985	62,523	57,517	64,752	42,443	37,510	32,383	39,574	36,278	32,314	29,184	37,855	39,348	40,471	30,015	38,491	36,755	35,925	27,638	59,557	29,246	30,426	26,780	-	-	-	-	32,632	30,158	29,598	20,619	24,099	21,802	24,437	17,176	20,076	17,857
Earnings per common share attributable to Landstar System, Inc. and subsidiary
1.04	1.26	1.35	1.53	1.58	1.69	1.63	1.51	1.37	1.54	1.01	0.89	0.77	0.94	0.86	0.77	0.69	0.88	0.91	0.92	0.67	0.86	0.82	0.80	0.61	1.29	0.64	0.66	0.58	0.74	0.71	0.76	0.57	0.69	0.64	0.62	0.43	0.50	0.44	0.49	0.34	0.39	0.35
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.55	0.62	0.64	0.55	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74	0.02	0.02	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary
1.04	1.26	1.35	1.53	1.58	1.68	1.63	1.51	1.37	1.54	1.01	0.89	0.77	0.94	0.86	0.76	0.69	0.88	0.90	0.92	0.67	0.84	0.82	0.80	0.61	1.29	0.64	0.66	0.57	0.73	0.71	0.76	0.57	0.69	0.64	0.62	0.43	0.50	0.44	0.49	0.34	0.39	0.35
Average number of shares outstanding:
Earnings per common share
39,254	39,472	39,566	39,945	40,161	40,503	41,101	41,450	42,038	41,981	41,957	41,935	41,879	41,779	42,039	42,235	42,395	42,730	43,446	43,892	44,588	44,769	44,713	44,935	45,407	45,688	45,708	46,253	46,507	46,463	46,614	46,915	46,800	46,766	47,358	47,782	47,870	48,328	49,434	50,123	50,207	51,069	51,330
Diluted earnings per share
39,254	39,467	39,566	39,945	40,166	40,514	41,137	41,491	42,098	42,060	42,028	42,010	41,998	41,928	42,170	42,357	42,489	42,852	43,607	44,033	44,760	45,015	44,937	45,128	45,596	45,876	45,856	46,386	46,722	46,611	46,732	47,104	47,061	46,897	47,387	47,912	47,900	48,340	49,447	50,215	50,318	51,245	51,487
Dividends per common share
0.18	2.18	0.18	0.16	0.16	0.16	0.16	0.15	0.15	1.60	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.08	0.07	0.07	1.07	0.07	0.06	0.06	-	-	-	-	0.56	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04