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 | 2022 |
|---|---|---|---|
| Revenue | 4,819.25a | 5,303.32a | 7,436.56a |
| Investment income | 14.81a | 10.14a | 3.16a |
| Costs and expenses | — | — | — |
| Purchased transportation | -3,745.24a | -4,068.26a | -5,804.02a |
| Commissions to agents | -392.75a | -462.67a | -614.87a |
| Other operating costs, net of gains on asset sales/dispositions | -58.78a | -54.19a | -45.19a |
| Insurance and claims | -113.93a | -114.24a | -125.84a |
| Selling, general and administrative | -217.71a | -211.8a | -221.28a |
| Depreciation and amortization | -56.74a | -58.15a | -57.45a |
| Total costs and expenses | -4,585.15a | -4,969.31a | -6,868.64a |
| Operating income | 248.91a | 344.15a | 571.08a |
| Interest and debt (income) expense | -5.42a | -3.95a | 3.62a |
| Income before income taxes | 254.33a | 348.1a | 567.46a |
| Income taxes | -58.38a | -83.7a | -136.55a |
| Net income | 195.95a | 264.39a | 430.91a |
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