Below are the financial statements of Landstar System, 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 | 2023 |
|---|---|---|
| Current assets | — | — |
| Cash and cash equivalents | 515.02a | 481.04a |
| Short-term investments | 51.62a | 59.66a |
| Trade accounts receivable, less allowance of $12,904 and $11,738 | 683.84a | 743.76a |
| Other receivables, including advances to independent contractors, less allowance of $17,812 and $14,010 | 47.16a | 43.34a |
| Other current assets | 22.23a | 24.94a |
| Total current assets | 1,319.87a | 1,352.74a |
| Assets | — | — |
| Operating property, less accumulated depreciation and amortization of $456,547 and $436,682 | 311.35a | 284.3a |
| Goodwill | 40.93a | 42.28a |
| Other assets | 141.17a | 122.53a |
| Total assets | 1,813.31a | 1,801.85a |
| Current liabilities | — | — |
| Cash overdraft | 61.03a | 61.54a |
| Accounts payable | 383.63a | 395.98a |
| Current maturities of long-term debt | 33.12a | 27.88a |
| Insurance claims | 40.51a | 41.83a |
| Dividends payable | 70.63a | 71.43a |
| Other current liabilities | 84.24a | 76.57a |
| Total current liabilities | 673.15a | 675.22a |
| Liabilities and shareholders’ equity | — | — |
| Long-term debt, excluding current maturities | 69.19a | 43.26a |
| Insurance claims | 62.84a | 58.92a |
| Deferred income taxes and other noncurrent liabilities | 35.69a | 40.51a |
| Shareholders’ equity | — | — |
| Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,559,269 and 68,497,324 shares | 0.69a | 0.69a |
| Additional paid-in capital | 255.26a | 254.64a |
| Retained earnings | 2,859.92a | 2,783.65a |
| Cost of 33,243,196 and 32,780,651 shares of common stock in treasury | -2,131.41a | -2,048.18a |
| Accumulated other comprehensive loss | -12.01a | -6.87a |
| Total shareholders’ equity | 972.44a | 983.92a |
| Total liabilities and shareholders’ equity | 1,813.31a | 1,801.85a |
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