v3.20.2
Condensed Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 420,396 $ 403,571
Short-term investments 205,294  
Customer receivables, less allowances of $10,286 and $8,866, respectively 453,346 397,579
Other receivables 9,578 10,586
Prepaid expenses and other current assets 49,882 55,098
Total current assets 1,138,496 866,834
Property and equipment:    
Revenue equipment 1,892,005 1,898,999
Land and structures 2,167,557 2,039,937
Other fixed assets 495,268 482,425
Leasehold improvements 12,043 11,709
Total property and equipment 4,566,873 4,433,070
Accumulated depreciation (1,631,398) (1,464,235)
Net property and equipment 2,935,475 2,968,835
Goodwill 19,463 19,463
Other assets 180,254 140,436
Total assets 4,273,688 3,995,568
Current liabilities:    
Accounts payable 59,229 70,254
Compensation and benefits 217,154 192,524
Claims and insurance accruals 54,493 54,330
Other accrued liabilities 60,141 46,130
Income taxes payable 13,271 2,847
Current maturities of long-term debt 45,000  
Total current liabilities 449,288 366,085
Long-term liabilities:    
Long-term debt 99,927 45,000
Other non-current liabilities 316,831 241,802
Deferred income taxes 236,809 261,964
Total long-term liabilities 653,567 548,766
Total liabilities 1,102,855 914,851
Commitments and contingent liabilities
Shareholders’ equity:    
Common stock - $0.10 par value, 280,000,000 shares authorized, 117,331,447 shares outstanding at September 30, 2020 and 140,000,000 shares authorized, 119,532,534 shares outstanding at December 31, 2019 11,733 11,953
Capital in excess of par value 185,991 218,462
Retained earnings 2,973,109 2,850,302
Total shareholders’ equity 3,170,833 3,080,717
Total liabilities and shareholders’ equity $ 4,273,688 $ 3,995,568

Source