v3.20.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 356,972 $ 403,571
Customer receivables, less allowances of $9,464 and $8,866, respectively 419,128 397,579
Other receivables 8,485 10,586
Prepaid expenses and other current assets 46,421 55,098
Total current assets 831,006 866,834
Property and equipment:    
Revenue equipment 1,898,633 1,898,999
Land and structures 2,082,960 2,039,937
Other fixed assets 486,408 482,425
Leasehold improvements 11,822 11,709
Total property and equipment 4,479,823 4,433,070
Accumulated depreciation (1,525,833) (1,464,235)
Net property and equipment 2,953,990 2,968,835
Goodwill 19,463 19,463
Other assets 130,527 140,436
Total assets 3,934,986 3,995,568
Current liabilities:    
Accounts payable 55,097 70,254
Compensation and benefits 176,150 192,524
Claims and insurance accruals 53,768 54,330
Other accrued liabilities 44,597 46,130
Income taxes payable 53,683 2,847
Current maturities of long-term debt 45,000  
Total current liabilities 428,295 366,085
Long-term liabilities:    
Long-term debt   45,000
Other non-current liabilities 228,678 241,802
Deferred income taxes 261,964 261,964
Total long-term liabilities 490,642 548,766
Total liabilities 918,937 914,851
Commitments and contingent liabilities
Shareholders’ equity:    
Common stock - $0.10 par value, 140,000,000 shares authorized, 118,133,507 and 119,532,534 shares outstanding at March 31, 2020 and December 31, 2019, respectively 11,813 11,953
Capital in excess of par value 217,187 218,462
Retained earnings 2,787,049 2,850,302
Total shareholders’ equity 3,016,049 3,080,717
Total liabilities and shareholders’ equity $ 3,934,986 $ 3,995,568

Source