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FORWARD AIR CRP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Operating Revenue1,269.571,215.191,137.611,169.351,030.21959.13780.96652.48584.45--
Airport-to-airport------------------361.63
Logistics------------------74.39
Other revenues------------------27.64
Forward Air Solutions Pool distribution------------------72.74
Total Revenues1,269.571,215.191,137.611,169.351,030.21959.13780.96652.48584.45536.40
Purchased transportation650.66586.14564.31545.09460.80408.77334.58285.69252.72--
Tour and Other------------------6.68
Fuel expense12.1717.7616.1616.5413.2315.9020.1515.1510.0410.04
Airport-to-airport------------------142.71
Forward Air Solutions Pool distribution------------------17.36
Logistics------------------56.26
Depreciation and amortization37.1336.3935.8341.0638.2137.1631.1323.5821.0220.99
Impairment of goodwill and other intangible assets--------42.44----------
Salaries, wages and employee benefits270.79258.00229.63265.84242.27240.60182.11151.10135.01130.65
Insurance and claims34.9138.7329.5729.5825.3921.4815.7412.6211.318.80
Other operating expenses(120.28)(102.65)(86.70)(98.68)(87.67)(87.17)(66.86)(50.69)(42.83)(38.69)
Operating leases(69.72)(63.09)(58.19)(63.80)(60.49)(66.27)(33.99)(29.31)(27.99)(27.12)
Total Operating Expenses1,195.651,102.771,020.401,060.59970.51877.35684.55568.13500.91459.29
Operating Income (Loss)73.92112.42117.22108.7659.7081.7796.4184.3683.5377.11
Interest expense4.562.711.781.211.602.050.610.530.390.62
Other, net0.000.000.00(0.01)0.00(0.06)0.290.100.010.07
Total other Income (Expense)(4.56)(2.71)(1.79)(1.22)(1.59)(2.11)(0.32)(0.43)(0.38)(0.55)
Income (loss) before income taxes69.36109.70115.43107.5458.1179.6796.0983.9283.1676.57
Current: Federal11.9115.6115.6428.5624.148.3233.6322.4724.9820.84
Current: State3.914.683.644.043.051.244.312.133.463.18
Income taxes16.5927.3826.8720.2830.6124.0934.9229.4630.4929.37
Deferred: Federal0.925.776.83(11.86)3.1512.48(2.10)4.372.454.64
Deferred: State(0.15)1.320.76(0.46)0.272.05(0.92)0.49(0.41)0.71
Net income from continuing operations52.7782.3288.56--------------
(Loss) income from discontinued operations, net of tax(29.03)4.783.49--------------
Consolidated Net Income (Loss)------87.2627.5155.5861.17------
Income allocated to participating securities------0.700.210.370.40------
Net Income (Loss) Available to Common Shareholders23.7387.1092.0586.5627.3055.2160.7754.4752.6747.20
Continuing operations per share -Basic1.902.893.02--------------
Discontinued operations per share-basic(1.05)0.170.12--------------
Income per share: Basic0.843.063.142.900.901.801.991.811.821.62
Continuing operations per share -Diluted1.892.873.00--------------
Discontinued operations per share - diluted(1.05)0.170.12--------------
Income per share: Diluted0.843.043.122.890.901.781.961.771.781.60
Denominator for basic income per share - weighted- average shares27.6328.2029.0829.8730.2830.7330.6030.1428.9729.05
Denominator for diluted income per share - adjusted weighted-average shares27.7028.3129.1929.9630.4431.0431.0730.7629.5429.44