◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

LANDSTAR SYSTEM INC CIK: 853816 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001193125-20-129965
Period End Date 20200331
Filing Date 20200501
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance d892399d10q_htm.xml
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Allowance on trade accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $7.28M USD Point-in-time
Allowance on trade accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $8.54M USD Point-in-time
Allowance on other receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables $7.67M USD Point-in-time
Allowance on other receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables $8.85M USD Point-in-time
Accumulated depreciation and amortization on operating property AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $286.59M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $264.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $177.22M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $199.74M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $319.51M USD Point-in-time
Accumulated depreciation and amortization on operating property AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $280.85M USD Point-in-time
Short-term investments ShortTermInvestments $33.63M USD Point-in-time
Short-term investments ShortTermInvestments $32.90M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Trade accounts receivable, less allowance of $8,536 and $7,284 ReceivablesNetCurrent $562.53M USD Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 160.00M shares Point-in-time
Common stock, authorized shares CommonStockSharesAuthorized 160.00M shares Point-in-time
Trade accounts receivable, less allowance of $8,536 and $7,284 ReceivablesNetCurrent $588.55M USD Point-in-time
Other receivables, including advances to independent contractors, less allowance of $8,847 and $7,667 OtherReceivables $35.15M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 68.17M shares Point-in-time
Other receivables, including advances to independent contractors, less allowance of $8,847 and $7,667 OtherReceivables $35.55M USD Point-in-time
Common stock, issued shares CommonStockSharesIssued 68.08M shares Point-in-time
Treasury stock, shares TreasuryStockShares 29.80M shares Point-in-time
Other current assets OtherAssetsCurrent $7.62M USD Point-in-time
Treasury stock, shares TreasuryStockShares 28.61M shares Point-in-time
Other current assets OtherAssetsCurrent $21.37M USD Point-in-time
Total current assets AssetsCurrent $816.16M USD Point-in-time
Total current assets AssetsCurrent $997.89M USD Point-in-time
Operating property, less accumulated depreciation and amortization of $286,593 and $280,849 PropertyPlantAndEquipmentNet $285.86M USD Point-in-time
Operating property, less accumulated depreciation and amortization of $286,593 and $280,849 PropertyPlantAndEquipmentNet $276.66M USD Point-in-time
Goodwill Goodwill $38.51M USD Point-in-time
Goodwill Goodwill $38.34M USD Point-in-time
Goodwill Goodwill $37.18M USD Point-in-time
Other assets OtherAssetsNoncurrent $105.46M USD Point-in-time
Other assets OtherAssetsNoncurrent $106.43M USD Point-in-time
Total assets Assets $1.24B USD Point-in-time
Total assets Assets $1.43B USD Point-in-time
Cash overdraft BankOverdrafts $53.88M USD Point-in-time
Cash overdraft BankOverdrafts $36.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $272.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $272.18M USD Point-in-time
Current maturities of long-term debt FinanceLeaseLiabilityCurrent $39.94M USD Point-in-time
Current maturities of long-term debt FinanceLeaseLiabilityCurrent $42.63M USD Point-in-time
Insurance claims SelfInsuranceReserveCurrent $44.53M USD Point-in-time
Insurance claims SelfInsuranceReserveCurrent $50.77M USD Point-in-time
Dividends payable DividendsPayableCurrent $78.95M USD Point-in-time
Contractor escrow ContractorEscrow $24.52M USD Point-in-time
Contractor escrow ContractorEscrow $24.90M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $41.42M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $36.02M USD Point-in-time
Total current liabilities LiabilitiesCurrent $464.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $552.90M USD Point-in-time
Long-term debt, excluding current maturities FinanceLeaseLiabilityNoncurrent $70.21M USD Point-in-time
Long-term debt, excluding current maturities FinanceLeaseLiabilityNoncurrent $61.98M USD Point-in-time
Insurance claims SelfInsuranceReserveNoncurrent $33.58M USD Point-in-time
Insurance claims SelfInsuranceReserveNoncurrent $33.46M USD Point-in-time
Deferred income taxes and other noncurrent liabilities DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent $49.55M USD Point-in-time
Deferred income taxes and other noncurrent liabilities DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent $49.07M USD Point-in-time
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,167,482 and 68,083,419 shares CommonStockValue $682.00K USD Point-in-time
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,167,482 and 68,083,419 shares CommonStockValue $681.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $226.12M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $224.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.00B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.96B USD Point-in-time
Cost of 29,796,974 and 28,609,926 shares of common stock in treasury TreasuryStockValue $1.58B USD Point-in-time
Cost of 29,796,974 and 28,609,926 shares of common stock in treasury TreasuryStockValue $1.47B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.69M USD Point-in-time
Total shareholders' equity StockholdersEquity $721.47M USD Point-in-time
Total shareholders' equity StockholdersEquity $627.10M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.24B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.43B USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $927.57M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.03B USD 1 Quarter
Investment income InterestIncomeOperating $1.14M USD 1 Quarter
Investment income InterestIncomeOperating $1.17M USD 1 Quarter
Purchased transportation PurchasedTransportationCosts $791.75M USD 1 Quarter
Purchased transportation PurchasedTransportationCosts $709.26M USD 1 Quarter
Commissions to agents SalesCommissionsAndFees $85.67M USD 1 Quarter
Commissions to agents SalesCommissionsAndFees $75.38M USD 1 Quarter
Other operating costs, net of gains on asset sales/dispositions OtherCostAndExpenseOperating $8.24M USD 1 Quarter
Other operating costs, net of gains on asset sales/dispositions OtherCostAndExpenseOperating $8.31M USD 1 Quarter
Insurance and claims OperatingInsuranceAndClaimsCostsProduction $24.96M USD 1 Quarter
Insurance and claims OperatingInsuranceAndClaimsCostsProduction $14.99M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $45.33M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $41.27M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $11.32M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $11.51M USD 1 Quarter
Total costs and expenses CostsAndExpenses $953.24M USD 1 Quarter
Total costs and expenses CostsAndExpenses $874.73M USD 1 Quarter
Operating income OperatingIncomeLoss $80.90M USD 1 Quarter
Operating income OperatingIncomeLoss $54.01M USD 1 Quarter
Interest and debt expense InterestAndDebtExpense $805.00K USD 1 Quarter
Interest and debt expense InterestAndDebtExpense $952.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $53.05M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $80.09M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $16.79M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $12.16M USD 1 Quarter
Net income ProfitLoss $63.30M USD 1 Quarter
Net income ProfitLoss $40.90M USD 1 Quarter
Less: Net loss attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-17.00K USD 1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary NetIncomeLoss $40.90M USD 1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary NetIncomeLoss $63.32M USD 1 Quarter
Earnings per common share attributable to Landstar System, Inc. and subsidiary EarningsPerShareBasic $1.58 USD 1 Quarter
Earnings per common share attributable to Landstar System, Inc. and subsidiary EarningsPerShareBasic $1.04 USD 1 Quarter
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary EarningsPerShareDiluted $1.04 USD 1 Quarter
Diluted earnings per share attributable to Landstar System, Inc. and subsidiary EarningsPerShareDiluted $1.58 USD 1 Quarter
Earnings per common share WeightedAverageNumberOfSharesOutstandingBasic 39.25M shares 1 Quarter
Earnings per common share WeightedAverageNumberOfSharesOutstandingBasic 40.16M shares 1 Quarter
Diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 40.17M shares 1 Quarter
Diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 39.25M shares 1 Quarter
Dividends per common share CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Dividends per common share CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $63.30M USD 1 Quarter
Net income ProfitLoss $40.90M USD 1 Quarter
Depreciation and amortization of operating property and intangible assets DepreciationAndAmortization $11.32M USD 1 Quarter
Depreciation and amortization of operating property and intangible assets DepreciationAndAmortization $11.51M USD 1 Quarter
Non-cash interest charges AmortizationOfFinancingCosts $63.00K USD 1 Quarter
Non-cash interest charges AmortizationOfFinancingCosts $63.00K USD 1 Quarter
Provisions for losses on trade and other accounts receivable ProvisionForDoubtfulAccounts $4.12M USD 1 Quarter
Provisions for losses on trade and other accounts receivable ProvisionForDoubtfulAccounts $2.15M USD 1 Quarter
Gains on sales/disposals of operating property GainLossOnSaleOfPropertyPlantEquipment $876.00K USD 1 Quarter
Gains on sales/disposals of operating property GainLossOnSaleOfPropertyPlantEquipment $858.00K USD 1 Quarter
Deferred income taxes, net IncreaseDecreaseInDeferredIncomeTaxes $-2.08M USD 1 Quarter
Deferred income taxes, net IncreaseDecreaseInDeferredIncomeTaxes $-797.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $631.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.94M USD 1 Quarter
Decrease in trade and other accounts receivable IncreaseDecreaseInReceivables $-21.37M USD 1 Quarter
Decrease in trade and other accounts receivable IncreaseDecreaseInReceivables $-84.50M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-9.99M USD 1 Quarter
Decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-2.23M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $-40.95M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $179.00K USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-3.78M USD 1 Quarter
Increase (decrease) in other liabilities IncreaseDecreaseInOtherOperatingLiabilities $4.40M USD 1 Quarter
Increase (decrease) in insurance claims IncreaseDecreaseInInsuranceLiabilities $-559.00K USD 1 Quarter
Increase (decrease) in insurance claims IncreaseDecreaseInInsuranceLiabilities $6.12M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $99.22M USD 1 Quarter
NET CASH PROVIDED BY OPERATING ACTIVITIES NetCashProvidedByUsedInOperatingActivities $121.42M USD 1 Quarter
Net changes in other short-term investments IncreaseDecreaseInRestrictedCashAndInvestments $-131.00K USD 1 Quarter
Sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $7.96M USD 1 Quarter
Sales and maturities of investments ProceedsFromSaleAndMaturityOfMarketableSecurities $25.74M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $26.71M USD 1 Quarter
Purchases of investments PaymentsToAcquireMarketableSecurities $8.83M USD 1 Quarter
Purchases of operating property PaymentsToAcquirePropertyPlantAndEquipment $4.58M USD 1 Quarter
Purchases of operating property PaymentsToAcquirePropertyPlantAndEquipment $5.80M USD 1 Quarter
Proceeds from sales of operating property ProceedsFromSaleOfPropertyPlantAndEquipment $2.08M USD 1 Quarter
Proceeds from sales of operating property ProceedsFromSaleOfPropertyPlantAndEquipment $2.13M USD 1 Quarter
NET CASH USED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-4.45M USD 1 Quarter
NET CASH USED BY INVESTING ACTIVITIES NetCashProvidedByUsedInInvestingActivities $-3.41M USD 1 Quarter
Decrease in cash overdraft ProceedsFromRepaymentsOfBankOverdrafts $-17.88M USD 1 Quarter
Decrease in cash overdraft ProceedsFromRepaymentsOfBankOverdrafts $-13.82M USD 1 Quarter
Dividends paid PaymentsOfDividends $6.63M USD 1 Quarter
Dividends paid PaymentsOfDividends $86.28M USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $319.00K USD 1 Quarter
Proceeds from exercises of stock options ProceedsFromStockOptionsExercised $575.00K USD 1 Quarter
Taxes paid in lieu of shares issued related to stock-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $7.92M USD 1 Quarter
Taxes paid in lieu of shares issued related to stock-based compensation plans PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.99M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $115.96M USD 1 Quarter
Purchases of common stock PaymentsForRepurchaseOfCommonStock $12.98M USD 1 Quarter
Principal payments on finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $10.92M USD 1 Quarter
Principal payments on finance lease obligations RepaymentsOfLongTermDebtAndCapitalSecurities $11.99M USD 1 Quarter
Purchase of noncontrolling interest PaymentsToMinorityShareholders $600.00K USD 1 Quarter
NET CASH USED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-233.46M USD 1 Quarter
NET CASH USED BY FINANCING ACTIVITIES NetCashProvidedByUsedInFinancingActivities $-53.62M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $512.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-3.59M USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $64.89M USD 1 Quarter
(Decrease) increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-142.29M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $264.62M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $177.22M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $199.74M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $319.51M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $264.62M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $177.22M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $199.74M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $319.51M USD Point-in-time
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Dividends per common share CommonStockDividendsPerShareDeclared $0.17 USD 1 Quarter
Dividends per common share CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Beginning Balance StockholdersEquity $721.47M USD Point-in-time
Beginning Balance StockholdersEquity $627.10M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $689.13M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $728.26M USD Point-in-time
Net income (loss) ProfitLoss $63.30M USD 1 Quarter
Net income (loss) ProfitLoss $40.90M USD 1 Quarter
Net income NetIncomeLoss $40.90M USD 1 Quarter
Net income NetIncomeLoss $63.32M USD 1 Quarter
Dividends DividendsCommonStockCash $6.63M USD 1 Quarter
Dividends DividendsCommonStockCash $7.34M USD 1 Quarter
Purchases of common stock TreasuryStockValueAcquiredCostMethod $115.96M USD 1 Quarter
Purchases of common stock TreasuryStockValueAcquiredCostMethod $12.98M USD 1 Quarter
Purchase of noncontrolling interests MinorityInterestDecreaseFromRedemptions $-600.00K USD 1 Quarter
Issuance of stock related to stock-based compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $-2.42M USD 1 Quarter
Issuance of stock related to stock-based compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $-7.60M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $631.00K USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.94M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $1.70M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTax $-9.48M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $689.13M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $728.26M USD Point-in-time
Ending Balance StockholdersEquity $721.47M USD Point-in-time
Ending Balance StockholdersEquity $627.10M USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $272.00K USD 1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary NetIncomeLoss $40.90M USD 1 Quarter
Net income attributable to Landstar System, Inc. and subsidiary NetIncomeLoss $63.32M USD 1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax $-432.00K USD 1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of $(432), and $272 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-1.58M USD 1 Quarter
Unrealized holding (losses) gains on available-for-sale investments, net of tax (benefit) expense of $(432), and $272 OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $995.00K USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-7.90M USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $554.00K USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.55M USD 1 Quarter
Other comprehensive (loss) income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-9.48M USD 1 Quarter
Comprehensive income attributable to Landstar System, Inc. and subsidiary ComprehensiveIncomeNetOfTax $31.41M USD 1 Quarter
Comprehensive income attributable to Landstar System, Inc. and subsidiary ComprehensiveIncomeNetOfTax $64.87M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...