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LANDSTAR SYSTEM   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
Revenue4,132.984,084.584,615.143,646.363,167.633,321.093,184.792,664.782,770.802,628.37
Investment income3.405.043.822.501.501.401.381.481.561.71
Total Revenues4,136.384,089.624,618.963,648.863,169.143,322.493,186.172,666.262,772.362,630.08
Purchased transportation3,192.853,127.473,569.962,805.112,415.662,551.342,461.142,046.932,130.322,007.67
Depreciation and amortization45.8644.4743.5740.5635.8029.1027.5827.6725.2123.91
Selling, general and administrative167.63158.95188.21170.58143.24149.70150.25131.71138.09136.84
Insurance and claims87.7780.3275.6862.5557.2848.7546.2850.4437.2942.64
Commissions to agents340.78342.23378.00297.41264.21270.26250.78211.36218.12209.92
Other operating costs(30.46)(37.27)(31.80)(28.69)(29.70)(31.62)(25.77)(21.57)(22.58)(28.29)
Non-recurring costs--------------------
Impairment of intangible and other assets(2.58)------------------
Commission program termination costs(15.49)------------------
Total Operating Expenses3,883.433,790.714,287.233,404.892,945.893,080.782,961.802,489.672,571.622,449.25
Operating Income (loss)252.95298.90331.74243.97223.25241.71224.37176.59200.74180.83
Interest and debt expense3.953.143.353.173.792.953.183.213.113.11
Pre-Tax Income249.00295.76328.38240.80219.46238.76221.20173.38197.63177.72
Current-State7.2510.379.418.316.679.557.034.642.313.18
Deferred:Federal1.524.211.73(17.11)6.106.525.235.763.468.40
Deferred:State(0.39)0.560.390.080.220.270.200.280.140.44
Current-Federal47.9652.4260.6572.0368.5574.2968.7253.0964.1553.12
Non-cash charge in lieu of income taxes--------0.56----------
Provision for Income Taxes - Total56.8968.0673.1763.8182.1191.0782.3964.4671.0666.18
Current : Canadian0.560.500.990.50--0.441.200.681.011.02
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/loss192.11227.70255.21177.00137.35147.69------113.01
Less : Net income (loss) attributable to noncontrolling interest--(0.02)(0.07)(0.09)--0.00--------
Net Income (Loss) Available to Common Shareholders192.11227.72255.28177.09137.35147.69138.81146.01129.78113.01
Basic-Income from continuing operations--------------2.372.712.35
Basic-Income from discontinued operations--------------0.810.070.03
Net Earnings Per Share (Basic)4.985.726.194.223.263.383.093.172.782.38
Diluted-Income from continuing operations--------------2.362.702.35
Diluted-Income from discontinued operations--------------0.800.070.03
Net Earnings Per Share (Diluted)4.985.726.184.213.253.373.073.162.772.38
Weighted Average Shares Outstanding (Basic)38.6039.7941.2741.9442.1143.6644.9646.0446.7047.44
Weighted Average Shares Outstanding (Diluted)38.6039.7941.3142.0242.2443.8145.1746.2146.8847.52