Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.21.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 339,761 $ 401,430
Short-term investments 224,899 330,274
Customer receivables, less allowances of $10,348 and $8,979, respectively 591,783 444,653
Other receivables 62,266 9,569
Prepaid expenses and other current assets 60,143 57,413
Total current assets 1,278,852 1,243,339
Property and equipment:    
Revenue equipment 2,096,973 1,885,649
Land and structures 2,352,569 2,218,290
Other fixed assets 502,907 475,264
Leasehold improvements 13,055 12,226
Total property and equipment 4,965,504 4,591,429
Accumulated depreciation (1,855,390) (1,677,398)
Net property and equipment 3,110,114 2,914,031
Other assets 224,154 212,040
Total assets 4,613,120 4,369,410
Current liabilities:    
Accounts payable 135,044 68,511
Compensation and benefits 244,168 191,303
Claims and insurance accruals 58,253 53,092
Other accrued liabilities 96,826 51,513
Income taxes payable   8,711
Total current liabilities 534,291 373,130
Long-term liabilities:    
Long-term debt 99,943 99,931
Other non-current liabilities 330,321 349,851
Deferred income taxes 228,667 220,210
Total long-term liabilities 658,931 669,992
Total liabilities 1,193,222 1,043,122
Commitments and contingent liabilities
Shareholders’ equity:    
Common stock - $0.10 par value, 280,000,000 shares authorized, 115,011,172 and 117,057,696 shares outstanding at September 30, 2021 and December 31, 2020, respectively 11,501 11,706
Capital in excess of par value 170,340 226,451
Retained earnings 3,238,057 3,088,131
Total shareholders’ equity 3,419,898 3,326,288
Total liabilities and shareholders’ equity $ 4,613,120 $ 4,369,410