Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 351,900 $ 401,430
Short-term investments 310,193 330,274
Customer receivables, less allowances of $9,498 and $8,979, respectively 496,125 444,653
Other receivables 9,553 9,569
Prepaid expenses and other current assets 55,490 57,413
Total current assets 1,223,261 1,243,339
Property and equipment:    
Revenue equipment 1,894,361 1,885,649
Land and structures 2,254,491 2,218,290
Other fixed assets 481,364 475,264
Leasehold improvements 12,975 12,226
Total property and equipment 4,643,191 4,591,429
Accumulated depreciation (1,735,519) (1,677,398)
Net property and equipment 2,907,672 2,914,031
Other assets 220,930 212,040
Total assets 4,351,863 4,369,410
Current liabilities:    
Accounts payable 88,452 68,511
Compensation and benefits 209,143 191,303
Claims and insurance accruals 54,304 53,092
Other accrued liabilities 87,019 51,513
Income taxes payable 74,944 8,711
Total current liabilities 513,862 373,130
Long-term liabilities:    
Long-term debt 99,935 99,931
Other non-current liabilities 325,939 349,851
Deferred income taxes 220,210 220,210
Total long-term liabilities 646,084 669,992
Total liabilities 1,159,946 1,043,122
Commitments and contingent liabilities
Shareholders’ equity:    
Common stock - $0.10 par value, 280,000,000 shares authorized, 115,964,663 and 117,057,696 shares outstanding at March 31, 2021 and December 31, 2020, respectively 11,596 11,706
Capital in excess of par value 156,126 226,451
Retained earnings 3,024,195 3,088,131
Total shareholders’ equity 3,191,917 3,326,288
Total liabilities and shareholders’ equity $ 4,351,863 $ 4,369,410