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Below are the financial statements of Knight-Swift Transportation Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of Knight-Swift Transportation Holdings, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 218.26a | 168.55a |
| Cash and cash equivalents - restricted | 147.68a | 297.28a |
| Restricted investments, held-to-maturity, amortized cost | 0a | 0.53a |
| Trade receivables, net | 803.7a | 888.6a |
| Contract balance - revenue in transit | 7.24a | 12.25a |
| Prepaid expenses | 123.09a | 148.7a |
| Assets held for sale | 82.99a | 83.37a |
| Income tax receivable | 37.26a | 65.82a |
| Other current assets | 28.52a | 43.94a |
| Total current assets | 1,448.74a | 1,709.02a |
| Property and equipment | — | — |
| Revenue equipment | 5,356.6a | 5,154.59a |
| Land and land improvements | 460.63a | 426.64a |
| Buildings and building improvements | 976.35a | 861.19a |
| Furniture and fixtures | 172.47a | 156.91a |
| Shop and service equipment | 99.27a | 84.05a |
| Leasehold improvements | 39.19a | 37.23a |
| Gross property and equipment | 7,104.51a | 6,720.61a |
| Less: accumulated depreciation and amortization | -2,401.13a | -2,104.21a |
| Property and equipment, net | 4,703.39a | 4,616.4a |
| Operating lease right-of-use-assets | 372.84a | 484.82a |
| Goodwill | 3,962.14a | 3,848.8a |
| Intangible assets, net | 2,057.04a | 2,058.88a |
| Other long-term assets | 154.38a | 152.85a |
| Total assets | 12,698.53a | 12,870.77a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 329.7a | 355.17a |
| Accrued payroll and purchased transportation | 194.88a | 164.88a |
| Accrued liabilities | 64.1a | 220.35a |
| Claims accruals - current portion | 249.95a | 480.2a |
| Finance lease liabilities and long-term debt - current portion | 288.43a | 459.76a |
| Operating lease liabilities - current portion | 120.72a | 144.92a |
| Accounts receivable securitization - current portion | 458.98a | 0a |
| Total current liabilities | 1,706.75a | 1,825.29a |
| Revolving line of credit | 232a | 67a |
| Long-term debt - less current portion | 1,445.31a | 1,223.02a |
| Finance lease liabilities - less current portion | 457.3a | 407.15a |
| Operating lease liabilities - less current portion | 274.55a | 371.41a |
| Accounts receivable securitization | 0a | 526.51a |
| Claims accruals - less current portion | 335.88a | 315.48a |
| Deferred tax liabilities | 919.81a | 951.75a |
| Other long-term liabilities | 210.12a | 79.09a |
| Total liabilities | 5,581.73a | 5,766.68a |
| Stockholders’ equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 1.62a | 1.61a |
| Additional paid-in capital | 4,446.73a | 4,426.85a |
| Accumulated other comprehensive loss | -0.44a | -0.83a |
| Retained earnings | 2,661.06a | 2,659.76a |
| Total Knight-Swift stockholders' equity | 7,108.97a | 7,087.39a |
| Noncontrolling interest | 7.84a | 16.69a |
| Total stockholders’ equity | 7,116.81a | 7,104.08a |
| Total liabilities and stockholders’ equity | 12,698.53a | 12,870.77a |
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