← FORWARD AIR CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $8.5m | $3.9m | $25.7m | $64.7m | $40.3m | $37.3m | $45.8m | $122.0m | $104.9m | $106.0m | |
| Prepaid Expense and Other Assets, Current | $9.9m | $10.0m | $11.8m | $15.4m | $21.4m | $22.3m | $24.8m | $25.7m | $29.1m | $28.0m | |
| Inventory, Net | $1.3m | $1.4m | $2.2m | $2.1m | — | — | — | — | — | — | |
| Assets, Current | $136.3m | $162.7m | $201.1m | $236.3m | $245.9m | $282.8m | $304.3m | $347.0m | $472.5m | $521.0m | |
| Property, Plant and Equipment, Net | $200.2m | $206.1m | $209.9m | $213.0m | $189.9m | $219.1m | $249.1m | — | — | — | |
| Goodwill | $184.7m | $191.7m | $199.1m | $221.1m | $245.0m | $266.8m | $306.2m | $278.7m | $522.7m | $522.7m | |
| Intangible Assets, Net (Excluding Goodwill) | $106.7m | $111.2m | $113.7m | $127.8m | $145.0m | $154.7m | $154.8m | $134.8m | $999.2m | $906.8m | |
| Operating Lease, Right-of-Use Asset | — | — | $0 | $151.7m | $123.3m | $148.2m | $141.9m | $111.6m | $410.1m | $412.5m | |
| Other Assets, Noncurrent | — | — | — | — | — | — | — | — | — | $58.0m | |
| Non-current liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $116.6m | $143.0m | $156.4m | $150.2m | $156.5m | $208.1m | $221.0m | $153.3m | $322.3m | $343.6m | |
| Accrued Liabilities, Current | — | — | — | — | $51.3m | $61.6m | $54.3m | $62.9m | $119.8m | $114.4m | |
| Liabilities, Noncurrent | — | — | — | — | — | — | — | — | $2.1b | — | |
| Assets | $641.3m | $687.7m | $760.2m | $990.9m | $1.0b | $1.1b | $1.2b | $3.0b | $2.8b | $2.7b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | $0 | $50.6m | $43.7m | $47.5m | $47.1m | $44.3m | $96.4m | $107.0m | |
| Accounts Payable, Current | $18.0m | $24.7m | $34.6m | $30.0m | $38.4m | $44.8m | $54.6m | $45.4m | $105.7m | $121.8m | |
| Long-term Debt, Current Maturities | $27.7m | $0 | — | $5.3m | — | $1.5m | $1.5m | $0 | — | — | |
| Operating Lease, Liability, Noncurrent | — | — | — | $101.5m | $80.3m | $101.4m | $98.9m | $71.6m | $325.6m | $327.0m | |
| Long-term Debt, Excluding Current Maturities | $0 | $40.2m | $47.3m | $67.3m | $112.4m | $155.5m | $106.6m | $0 | $1.7b | $1.7b | |
| Liabilities, Current | $77.9m | $60.1m | $74.7m | $137.2m | $171.6m | $164.7m | $169.4m | $237.1m | $384.0m | $428.3m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | $43.4m | $51.1m | $42.2m | $38.2m | $27.2m | |
| Other Liabilities, Noncurrent | $21.7m | $24.1m | $47.7m | $58.8m | $54.1m | $49.6m | $59.0m | $47.1m | $48.8m | $53.5m | |
| Deferred Tax Liabilities, Net | $41.9m | $29.4m | $37.2m | $43.9m | $42.0m | $43.4m | $51.1m | $42.2m | $38.2m | $27.2m | |
| Commitments and Contingencies | — | — | — | — | — | $0 | — | — | — | — | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Common Stock, Value, Issued | $301k | $295k | $285k | $279k | $273k | $270k | $265k | $257k | $298k | $313k | |
| Additional Paid in Capital | $179.5m | $195.3m | $210.3m | $226.9m | $242.9m | $258.5m | $270.9m | $283.7m | $542.4m | $559.6m | |
| Retained Earnings (Accumulated Deficit) | $319.3m | $337.8m | $342.7m | $350.0m | $304.1m | $334.9m | $436.1m | $480.3m | ($338.2m) | ($447.1m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | — | — | — | — | — | $0 | ($2.7m) | $580k | |
| Stockholders' Equity Attributable to Parent | $499.1m | $533.5m | $553.2m | $577.2m | $547.3m | $593.7m | $707.2m | $764.3m | $201.7m | $113.3m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | $84.1m | $48.3m | |
| Liabilities and Equity | $641.3m | $687.7m | $760.2m | $990.9m | $1.0b | $1.1b | $1.2b | $3.0b | $2.8b | $2.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.