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LANDSTAR SYSTEM   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Revenue6,537.574,132.984,084.584,615.143,646.363,167.633,321.093,184.792,664.782,770.80
Investment income2.863.405.043.822.501.501.401.381.481.56
Total Revenues6,540.434,136.384,089.624,618.963,648.863,169.143,322.493,186.172,666.262,772.36
Purchased transportation5,114.673,192.853,127.473,569.962,805.112,415.662,551.342,461.142,046.932,130.32
Depreciation and amortization49.6145.8644.4743.5740.5635.8029.1027.5827.6725.21
Selling, general and administrative221.28167.63158.95188.21170.58143.24149.70150.25131.71138.09
Insurance and claims105.4687.7780.3275.6862.5557.2848.7546.2850.4437.29
Commissions to agents507.21340.78342.23378.00297.41264.21270.26250.78211.36218.12
Other operating costs(36.53)(30.46)(37.27)(31.80)(28.69)(29.70)(31.62)(25.77)(21.57)(22.58)
Non-recurring costs--------------------
Impairment of intangible and other assets--(2.58)----------------
Commission program termination costs--(15.49)----------------
Total Operating Expenses6,034.763,883.433,790.714,287.233,404.892,945.893,080.782,961.802,489.672,571.62
Operating Income (loss)505.67252.95298.90331.74243.97223.25241.71224.37176.59200.74
Interest and debt expense3.983.953.143.353.173.792.953.183.213.11
Pre-Tax Income501.69249.00295.76328.38240.80219.46238.76221.20173.38197.63
Current-State18.467.2510.379.418.316.679.557.034.642.31
Deferred:Federal(3.28)1.524.211.73(17.11)6.106.525.235.763.46
Deferred:State(0.51)(0.39)0.560.390.080.220.270.200.280.14
Current-Federal104.6447.9652.4260.6572.0368.5574.2968.7253.0964.15
Non-cash charge in lieu of income taxes----------0.56--------
Provision for Income Taxes - Total120.1756.8968.0673.1763.8182.1191.0782.3964.4671.06
Current : Canadian0.860.560.500.990.50--0.441.200.681.01
Income from Continuing Operations----------------108.92126.57
Income from discontinued operations, net of income taxes----------------4.063.22
Gain on sale of discontinued operations, net of income taxes----------------33.03--
Net income/loss381.52192.11227.70255.21177.00137.35147.69------
Less : Net income (loss) attributable to noncontrolling interest0.000.00(0.02)(0.07)(0.09)--0.00------
Net Income (Loss) Available to Common Shareholders381.52192.11227.72255.28177.09137.35147.69138.81146.01129.78
Basic-Income from continuing operations----------------2.372.71
Basic-Income from discontinued operations----------------0.810.07
Net Earnings Per Share (Basic)9.984.985.726.194.223.263.383.093.172.78
Diluted-Income from continuing operations----------------2.362.70
Diluted-Income from discontinued operations----------------0.800.07
Net Earnings Per Share (Diluted)9.984.985.726.184.213.253.373.073.162.77
Weighted Average Shares Outstanding (Basic)38.2438.6039.7941.2741.9442.1143.6644.9646.0446.70
Weighted Average Shares Outstanding (Diluted)38.2438.6039.7941.3142.0242.2443.8145.1746.2146.88