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LANDSTAR SYSTEM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Revenue4,615.143,646.363,167.633,321.093,184.792,664.782,770.802,628.372,400.172,008.80
Investment income3.822.501.501.401.381.481.561.711.561.27
Total Revenues4,618.963,648.863,169.143,322.493,186.172,666.262,772.362,630.082,401.732,010.06
Purchased transportation3,569.962,805.112,415.662,551.342,461.142,046.932,130.322,007.671,824.311,503.52
Depreciation and amortization43.5740.5635.8029.1027.5827.6725.2123.9124.8023.53
Selling, general and administrative188.21170.58143.24149.70150.25131.71138.09136.84153.08133.61
Insurance and claims75.6862.5557.2848.7546.2850.4437.2942.6449.3345.92
Commissions to agents378.00297.41264.21270.26250.78211.36218.12209.92181.41160.57
Other operating costs(31.80)(28.69)(29.70)(31.62)(25.77)(21.57)(22.58)(28.29)(28.83)(29.17)
Non-recurring costs--------------------
Total Operating Expenses4,287.233,404.892,945.893,080.782,961.802,489.672,571.622,449.252,261.761,896.32
Operating Income (loss)331.74243.97223.25241.71224.37176.59200.74180.83139.97113.74
Interest and debt expense3.353.173.792.953.183.213.113.113.624.03
Pre-Tax Income328.38240.80219.46238.76221.20173.38197.63177.72136.35109.71
Current-State9.418.316.679.557.034.642.313.182.200.66
Deferred:Federal1.73(17.11)6.106.525.235.763.468.400.802.04
Deferred:State0.390.080.220.270.200.280.140.44(0.28)0.38
Current-Federal60.6572.0368.5574.2968.7253.0964.1553.1246.1635.88
Non-cash charge in lieu of income taxes0.990.500.56--------------
Provision for Income Taxes - Total73.1763.8182.1191.0782.3964.4671.0666.1849.7739.76
Current : Canadian------0.441.200.681.011.020.880.81
Income from Continuing Operations----------108.92126.57111.54----
Income from discontinued operations, net of income taxes----------4.063.221.46----
Gain on sale of discontinued operations, net of income taxes----------33.03--------
Net income/loss255.21177.00137.35147.69------113.0186.5869.95
Less : Net income (loss) attributable to noncontrolling interest(0.07)(0.09)--0.00--------(0.93)(0.45)
Net Income (Loss) Available to Common Shareholders255.28177.09137.35147.69138.81146.01129.78113.0187.5170.40
Basic-Income from continuing operations----------2.372.712.35----
Basic-Income from discontinued operations----------0.810.070.03----
Net Earnings Per Share (Basic)6.194.223.263.383.093.172.782.381.771.38
Diluted-Income from continuing operations----------2.362.702.35----
Diluted-Income from discontinued operations----------0.800.070.03----
Net Earnings Per Share (Diluted)6.184.213.253.373.073.162.772.381.771.37
Weighted Average Shares Outstanding (Basic)41.2741.9442.1143.6644.9646.0446.7047.4449.5251.10
Weighted Average Shares Outstanding (Diluted)41.3142.0242.2443.8145.1746.2146.8847.5249.5851.28