J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for Both the Fourth Quarter and Year Ended December 31, 2024
J.B. Hunt Transport Services (JBHT) reported Q4 2024 financial results with mixed performance. Revenue decreased 5% to $3.15 billion, while operating income increased 2% to $207.0 million. Q4 diluted EPS rose 4% to $1.53 from $1.47 year-over-year.
The revenue decline was primarily attributed to lower revenue per load in Intermodal and Truckload segments, a 4% decline in Dedicated Contract Services trucks, and a 22% drop in Integrated Capacity Solutions load volume. However, Intermodal volume increased 5%, and DCS productivity improved 2%.
For full-year 2024, revenue fell 6% to $12.09 billion, operating income decreased 16% to $831 million, and diluted EPS declined 20% to $5.56. The company repurchased approximately 489,000 shares for $86 million in Q4, with $882 million remaining under its share repurchase authorization.
J.B. Hunt Transport Services (JBHT) ha riportato i risultati finanziari del quarto trimestre 2024 con una performance mista. I ricavi sono diminuiti del 5% a $3,15 miliardi, mentre l'utile operativo è aumentato del 2% a $207,0 milioni. L'EPS diluito del quarto trimestre è aumentato del 4% a $1,53 rispetto a $1,47 dell'anno precedente.
Il calo dei ricavi è stato principalmente attribuito a una riduzione dei ricavi per carico nei segmenti Intermodale e Truckload, a una diminuzione del 4% nei camion dei Servizi Contrattuali Dedicati e a un ribasso del 22% nel volume di carichi delle Soluzioni Capacitive Integrate. Tuttavia, il volume intermodale è aumentato del 5% e la produttività dei DCS è migliorata del 2%.
Per l'intero anno 2024, i ricavi sono diminuiti del 6% a $12,09 miliardi, l'utile operativo è diminuito del 16% a $831 milioni e l'EPS diluito è calato del 20% a $5,56. L'azienda ha riacquistato circa 489.000 azioni per $86 milioni nel quarto trimestre, con $882 milioni rimanenti sotto la propria autorizzazione per il riacquisto di azioni.
J.B. Hunt Transport Services (JBHT) reportó resultados financieros del cuarto trimestre de 2024 con un desempeño mixto. Los ingresos disminuyeron un 5% a $3.15 mil millones, mientras que el ingreso operativo aumentó un 2% a $207.0 millones. El EPS diluido del cuarto trimestre aumentó un 4% a $1.53 desde $1.47 en comparación con el año anterior.
La disminución de ingresos se atribuyó principalmente a menores ingresos por carga en los segmentos Intermodal y Truckload, una caída del 4% en los camiones de Servicios Contratados Dedicados y una caída del 22% en el volumen de carga de Soluciones de Capacidad Integrada. Sin embargo, el volumen intermodal aumentó un 5%, y la productividad de DCS mejoró un 2%.
Para el año completo 2024, los ingresos cayeron un 6% a $12.09 mil millones, el ingreso operativo disminuyó un 16% a $831 millones, y el EPS diluido cayó un 20% a $5.56. La compañía recompró aproximadamente 489,000 acciones por $86 millones en el cuarto trimestre, con $882 millones restantes bajo su autorización de recompra de acciones.
J.B. Hunt Transport Services (JBHT)는 2024년 4분기 재무 결과를 발표했으며, 성과는 엇갈렸다. 매출은 5% 감소하여 $31.5억이 되었고, 영업 이익은 2% 증가하여 $2.07억이 되었다. 4분기 희석 주당 순이익(EPS)은 전년 동기의 $1.47에서 $1.53로 4% 상승했다.
매출 감소는 주로 인터모달 및 화물 적재 부문에서 적재당 수익이 떨어졌고, 전용 계약 서비스 트럭 수가 4% 감소했으며, 통합 용량 솔루션의 적재량이 22% 감소한 데 기인한다. 그러나 인터모달 적재량은 5% 증가했으며, DCS의 생산성은 2% 개선되었다.
2024년 전체 연도에 대한 매출은 6% 감소하여 $120.9억이 되었으며, 영업 이익은 16% 감소하여 $8.31억이 되었고, 희석 주당 순이익(EPS)은 20% 감소하여 $5.56이 되었다. 회사는 4분기 동안 약 489,000주를 8,600만 달러에 재매입했으며, 주식 재매입 승인 하에 8억 8,200만 달러가 남아 있다.
J.B. Hunt Transport Services (JBHT) a publié des résultats financiers pour le quatrième trimestre 2024 avec une performance mitigée. Les revenus ont diminué de 5 % pour atteindre $3,15 milliards, tandis que le résultat opérationnel a augmenté de 2 % pour atteindre $207,0 millions. Le BPA dilué du quatrième trimestre a progressé de 4 % pour atteindre $1,53, contre $1,47 l'année précédente.
La baisse des revenus a été principalement attribuée à la baisse des revenus par chargement dans les segments intermodal et de transport de marchandises, à une baisse de 4 % des camions des services contractuels dédiés et à une chute de 22 % du volume de chargement des solutions de capacité intégrées. Cependant, le volume intermodal a augmenté de 5 % et la productivité des DCS a progressé de 2 %.
Pour l'année entière 2024, les revenus ont chuté de 6 % pour atteindre $12,09 milliards, le résultat opérationnel a diminué de 16 % pour atteindre $831 millions, et le BPA dilué a baissé de 20 % pour s'établir à $5,56. L'entreprise a racheté environ 489 000 actions pour 86 millions de dollars au quatrième trimestre, avec 882 millions de dollars restants sous son autorisation de rachat d'actions.
J.B. Hunt Transport Services (JBHT) hat die finanziellen Ergebnisse für das 4. Quartal 2024 mit gemischter Leistung bekannt gegeben. Der Umsatz sank um 5 % auf $3,15 Milliarden, während das Betriebsergebnis um 2 % auf $207,0 Millionen anstieg. Der verwässerte Gewinn pro Aktie (EPS) im 4. Quartal stieg um 4 % auf $1,53 von $1,47 im Vorjahr.
Der Rückgang des Umsatzes wurde hauptsächlich auf niedrigere Einnahmen pro Ladeeinheit in den Segmenten Intermodal und Truckload, einen Rückgang von 4 % bei den Lkw im Bereich der dedizierten Vertragsdienste und einen Rückgang von 22 % im Ladevoolumen der integrierten Kapazitätslösungen zurückgeführt. Der intermodale Volumen stieg jedoch um 5 %, und die Produktivität der DCS verbesserte sich um 2 %.
Für das Gesamtjahr 2024 fiel der Umsatz um 6 % auf $12,09 Milliarden, der Betriebsgewinn sank um 16 % auf $831 Millionen, und der verwässerte EPS ging um 20 % auf $5,56 zurück. Das Unternehmen hat im 4. Quartal etwa 489.000 Aktien für 86 Millionen Dollar zurückgekauft, wobei noch 882 Millionen Dollar im Rahmen seiner Aktienrückkaufermächtigung verbleiben.
- Operating income increased 2% to $207.0 million in Q4
- Q4 diluted EPS improved 4% to $1.53
- Intermodal volume grew 5% year-over-year
- DCS productivity increased 2% excluding fuel surcharge revenue
- Strong share repurchase program with $882 million remaining authorization
- Q4 revenue declined 5% to $3.15 billion
- Full-year revenue decreased 6% to $12.09 billion
- Full-year operating income fell 16% to $831 million
- Full-year diluted EPS dropped 20% to $5.56
- Integrated Capacity Solutions reported $21.8 million operating loss in Q4
Insights
The Q4 2024 results reveal a mixed performance for J.B. Hunt. Despite challenging market conditions, the company managed to increase Q4 operating income by
Key operational insights:
- Intermodal segment showed volume growth of
5% but faced yield pressure, resulting in a10% operating income decline - Dedicated Contract Services maintained strong
90% customer retention despite fleet reduction - ICS continues to struggle with a
$21.8 million operating loss, though showing improvement in gross profit margins to17.3%
The company's financial position remains solid with reduced debt levels at
The operational metrics highlight significant industry dynamics. The
The Dedicated segment's fleet reduction of 605 trucks year-over-year reflects broader industry capacity rationalization. The
The reduction in carrier base by
Market positioning analysis reveals J.B. Hunt's strategic adaptations to current transportation sector challenges. The company's focus on contractual business in ICS (
The
-
Fourth Quarter 2024 Revenue:
; down$3.15 billion 5% -
Fourth Quarter 2024 Operating Income:
; up$207.0 million 2% -
Fourth Quarter 2024 Diluted EPS:
vs.$1.53 ; up$1.47 4% -
Full Year 2024 Revenue:
; down$12.09 billion 6% -
Full Year 2024 Operating Income:
; down$831 million 16% -
Full Year 2024 Diluted EPS:
vs.$5.56 ; down$6.97 20%
Total operating revenue for the current quarter was
Operating income for the current quarter increased
Net interest expense in the current quarter decreased primarily from a lower average outstanding debt balance compared to fourth quarter 2023. The fourth quarter effective tax rates for 2024 and 2023 were
Segment Information:
Intermodal (JBI)
-
Fourth Quarter 2024 Segment Revenue:
; down$1.60 billion 2% -
Fourth Quarter 2024 Operating Income:
; down$117.0 million 10%
Intermodal volume increased
Operating income decreased
Dedicated Contract Services (DCS)
-
Fourth Quarter 2024 Segment Revenue:
; down$839 million 5% -
Fourth Quarter 2024 Operating Income:
; up$90.3 million 5%
DCS revenue decreased
Operating income increased
Integrated Capacity Solutions (ICS)
-
Fourth Quarter 2024 Segment Revenue:
; down$308 million 15% -
Fourth Quarter 2024 Operating (Loss):
; vs.$(21.8) million in Q4'23$(24.9) million
ICS revenue decreased
Operating loss was
Final Mile Services (FMS)
-
Fourth Quarter 2024 Segment Revenue:
; down$228 million 6% -
Fourth Quarter 2024 Operating Income:
; up$13.2 million 7%
FMS revenue declined
Operating income increased
Truckload (JBT)
-
Fourth Quarter 2024 Segment Revenue:
; down$182 million 7% -
Fourth Quarter 2024 Operating Income/(Loss):
; vs.$8.6 million in Q4’23$(39) thousand
JBT revenue decreased
JBT operating income increased to
Cash Flow and Capitalization:
At December 31, 2024, we had total debt outstanding of
Our net capital expenditures for 2024 approximated
In the fourth quarter 2024, we purchased approximately 489,000 shares of our common stock for approximately
Conference Call Information:
The company will hold a conference call today from 4:00–5:00 p.m. CST to discuss the quarterly earnings. Investors will have the opportunity to listen to the conference call live over the internet by going to investor.jbhunt.com. Please log on 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an online replay of the earnings call webcast will be available a few hours after the completion of the call.
Forward-Looking Statements:
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2023. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.
About J.B. Hunt
J.B. Hunt’s vision is to create the most efficient transportation network in
J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company’s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.
J.B. HUNT TRANSPORT SERVICES, INC. |
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Condensed Consolidated Statements of Earnings |
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(in thousands, except per share data) |
|||||||||
(unaudited) |
|||||||||
Three Months Ended December 31 |
|||||||||
2024 |
|
|
2023 |
||||||
|
|
% Of |
|
|
|
|
% Of |
||
Amount |
|
Revenue |
|
|
Amount |
|
Revenue |
||
Operating revenues, excluding fuel surcharge revenues | $ |
2,781,717 |
$ |
2,837,428 |
|||||
Fuel surcharge revenues | 364,631 |
466,273 |
|||||||
Total operating revenues | 3,146,348 |
|
3,303,701 |
|
|||||
|
|
||||||||
Operating expenses |
|
|
|||||||
Rents and purchased transportation | 1,442,957 |
|
1,557,010 |
|
|||||
Salaries, wages and employee benefits | 812,015 |
|
807,422 |
|
|||||
Depreciation and amortization | 205,504 |
|
194,456 |
|
|||||
Fuel and fuel taxes | 155,519 |
|
187,855 |
|
|||||
Operating supplies and expenses | 124,070 |
|
121,141 |
|
|||||
Insurance and claims | 86,316 |
|
118,782 |
|
|||||
General and administrative expenses, net of asset dispositions | 82,476 |
|
83,272 |
|
|||||
Operating taxes and licenses | 19,732 |
|
19,199 |
|
|||||
Communication and utilities | 10,720 |
|
11,285 |
|
|||||
Total operating expenses | 2,939,309 |
|
3,100,422 |
|
|||||
Operating income | 207,039 |
|
203,279 |
|
|||||
Net interest expense | 15,111 |
|
16,330 |
|
|||||
Earnings before income taxes | 191,928 |
|
186,949 |
|
|||||
Income taxes | 36,474 |
|
33,414 |
|
|||||
Net earnings | $ |
155,454 |
|
$ |
153,535 |
|
|||
Average diluted shares outstanding | 101,647 |
104,122 |
|||||||
Diluted earnings per share | $ |
1.53 |
$ |
1.47 |
J.B. HUNT TRANSPORT SERVICES, INC. |
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Condensed Consolidated Statements of Earnings |
|||||||||
(in thousands, except per share data) |
|||||||||
(unaudited) |
|||||||||
Twelve Months Ended December 31 |
|||||||||
2024 |
|
|
2023 |
||||||
|
|
% Of |
|
|
|
|
% Of |
||
Amount |
|
Revenue |
|
|
Amount |
|
Revenue |
||
Operating revenues, excluding fuel surcharge revenues | $ | 10,557,709 |
$ | 10,978,387 |
|||||
Fuel surcharge revenues | 1,529,495 |
1,851,278 |
|||||||
Total operating revenues | 12,087,204 |
|
12,829,665 |
|
|||||
|
|
||||||||
Operating expenses |
|
|
|||||||
Rents and purchased transportation | 5,378,336 |
|
5,872,591 |
|
|||||
Salaries, wages and employee benefits | 3,232,440 |
|
3,257,484 |
|
|||||
Depreciation and amortization | 761,141 |
|
737,954 |
|
|||||
Fuel and fuel taxes | 652,129 |
|
751,497 |
|
|||||
Operating supplies and expenses | 495,375 |
|
509,354 |
|
|||||
Insurance and claims | 313,664 |
|
315,678 |
|
|||||
General and administrative expenses, net of asset dispositions | 306,355 |
|
274,564 |
|
|||||
Operating taxes and licenses | 72,547 |
|
74,996 |
|
|||||
Communication and utilities | 43,992 |
|
42,351 |
|
|||||
Total operating expenses | 11,255,979 |
|
11,836,469 |
|
|||||
Operating income | 831,225 |
|
993,196 |
|
|||||
Net interest expense | 71,709 |
|
58,309 |
|
|||||
Earnings before income taxes | 759,516 |
|
934,887 |
|
|||||
Income taxes | 188,630 |
|
206,600 |
|
|||||
Net earnings | $ | 570,886 |
|
$ | 728,287 |
|
|||
Average diluted shares outstanding | 102,754 |
104,451 |
|||||||
Diluted earnings per share | $ | 5.56 |
$ | 6.97 |
Financial Information By Segment |
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(in thousands) |
|||||||||||
(unaudited) |
|||||||||||
Three Months Ended December 31 |
|||||||||||
2024 |
|
|
2023 |
||||||||
|
|
% Of |
|
|
|
|
% Of |
||||
Amount |
|
Total |
|
|
Amount |
|
Total |
||||
Revenue | |||||||||||
Intermodal | $ | 1,596,471 |
|
|
$ | 1,623,372 |
|
|
|||
Dedicated | 838,529 |
|
|
883,876 |
|
|
|||||
Integrated Capacity Solutions | 307,634 |
|
|
363,661 |
|
|
|||||
Final Mile Services | 227,543 |
|
|
243,164 |
|
|
|||||
Truckload | 181,950 |
|
|
195,436 |
|
|
|||||
Subtotal | 3,152,127 |
|
|
3,309,509 |
|
|
|||||
Intersegment eliminations | (5,779 |
) |
( |
(5,808 |
) |
( |
|||||
Consolidated revenue | $ | 3,146,348 |
|
|
$ | 3,303,701 |
|
|
|||
|
|
||||||||||
|
|
||||||||||
Operating income |
|
|
|||||||||
|
|
||||||||||
Intermodal | $ | 116,959 |
|
|
$ | 129,893 |
|
|
|||
Dedicated | 90,309 |
|
|
86,149 |
|
|
|||||
Integrated Capacity Solutions | (21,811 |
) |
( |
(24,949 |
) |
( |
|||||
Final Mile Services | 13,171 |
|
|
12,295 |
|
|
|||||
Truckload | 8,550 |
|
|
(39 |
) |
( |
|||||
Other (1) | (139 |
) |
( |
(70 |
) |
( |
|||||
Operating income | $ | 207,039 |
|
|
$ | 203,279 |
|
|
|||
Twelve Months Ended December 31 |
|||||||||||
2024 |
|
|
2023 |
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|
|
% Of |
|
|
|
|
% Of |
||||
Amount |
|
Total |
|
|
Amount |
|
Total |
||||
Revenue | |||||||||||
Intermodal | $ | 5,956,092 |
|
|
$ | 6,207,461 |
|
|
|||
Dedicated | 3,395,518 |
|
|
3,542,869 |
|
|
|||||
Integrated Capacity Solutions | 1,141,475 |
|
|
1,390,141 |
|
|
|||||
Final Mile Services | 910,430 |
|
|
918,109 |
|
|
|||||
Truckload | 701,581 |
|
|
789,439 |
|
|
|||||
Subtotal | 12,105,096 |
|
|
12,848,019 |
|
|
|||||
Intersegment eliminations | (17,892 |
) |
( |
(18,354 |
) |
( |
|||||
Consolidated revenue | $ | 12,087,204 |
|
|
$ | 12,829,665 |
|
|
|||
|
|
||||||||||
|
|
||||||||||
Operating income |
|
|
|||||||||
|
|
||||||||||
Intermodal | $ | 429,877 |
|
|
$ | 569,383 |
|
|
|||
Dedicated | 375,878 |
|
|
404,759 |
|
|
|||||
Integrated Capacity Solutions | (55,895 |
) |
( |
(44,115 |
) |
( |
|||||
Final Mile Services | 60,057 |
|
|
46,714 |
|
|
|||||
Truckload | 21,479 |
|
|
16,464 |
|
|
|||||
Other (1) | (171 |
) |
( |
(9 |
) |
( |
|||||
Operating income | $ | 831,225 |
|
|
$ | 993,196 |
|
|
|||
(1) Includes corporate support activity |
Operating Statistics by Segment |
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(unaudited) |
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|
|
|
|
|
|
||
|
|
Three Months Ended December 31 |
|||||
|
|
2024 |
|
|
2023 |
||
Intermodal | |||||||
Loads | 560,132 |
|
535,987 |
|
|||
Average length of haul | 1,693 |
|
1,703 |
|
|||
Revenue per load | $ |
2,850 |
|
$ |
3,029 |
|
|
Average tractors during the period * | 6,546 |
|
6,388 |
|
|||
Tractors (end of period) * | 6,502 |
|
6,380 |
|
|||
Trailing equipment (end of period) | 122,272 |
|
118,171 |
|
|||
Average effective trailing equipment usage | 113,320 |
|
104,781 |
|
|||
Dedicated | |||||||
Loads | 967,571 |
|
1,021,783 |
|
|||
Average length of haul | 181 |
|
180 |
|
|||
Revenue per truck per week** | $ |
5,210 |
|
$ |
5,284 |
|
|
Average trucks during the period*** | 12,711 |
|
13,214 |
|
|||
Trucks (end of period) *** | 12,647 |
|
13,252 |
|
|||
Trailing equipment (end of period) | 32,046 |
|
32,600 |
|
|||
Average effective trailing equipment usage | 32,573 |
|
33,091 |
|
|||
Integrated Capacity Solutions | |||||||
Loads | 158,440 |
|
203,928 |
|
|||
Revenue per load | $ |
1,942 |
|
$ |
1,783 |
|
|
Gross profit margin | 17.3 |
% |
14.0 |
% |
|||
Employee count (end of period) | 590 |
|
861 |
|
|||
Approximate number of third-party carriers (end of period) | 110,000 |
|
122,100 |
|
|||
Marketplace for J.B. Hunt 360 revenue (millions) | $ |
94.0 |
|
$ |
121.5 |
|
|
Final Mile Services | |||||||
Stops | 1,089,940 |
|
1,169,727 |
|
|||
Average trucks during the period*** | 1,376 |
|
1,470 |
|
|||
Truckload | |||||||
Loads | 102,623 |
|
102,755 |
|
|||
Revenue per load | $ |
1,773 |
|
$ |
1,902 |
|
|
Average length of haul | 591 |
|
663 |
|
|||
Tractors (end of period) | |||||||
Company-owned | 2 |
|
27 |
|
|||
Independent contractor | 1,917 |
|
1,931 |
|
|||
Total tractors | 1,919 |
|
1,958 |
|
|||
Trailers (end of period) | 12,895 |
|
13,561 |
|
|||
Average effective trailing equipment usage | 12,130 |
|
12,897 |
|
|||
* Includes company-owned and independent contractor tractors | |||||||
** Using weighted workdays | |||||||
*** Includes company-owned, independent contractor, and customer-owned trucks |
Operating Statistics by Segment |
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(unaudited) |
|||||||
Twelve Months Ended December 31 |
|||||||
2024 |
|
|
2023 |
||||
Intermodal | |||||||
Loads | 2,090,732 |
|
2,044,980 |
|
|||
Average length of haul | 1,692 |
|
1,673 |
|
|||
Revenue per load | $ | 2,849 |
|
$ | 3,035 |
|
|
Average tractors during the period * | 6,368 |
|
6,488 |
|
|||
Tractors (end of period) * | 6,502 |
|
6,380 |
|
|||
Trailing equipment (end of period) | 122,272 |
|
118,171 |
|
|||
Average effective trailing equipment usage | 104,103 |
|
99,374 |
|
|||
Dedicated | |||||||
Loads | 3,985,221 |
|
4,274,677 |
|
|||
Average length of haul | 181 |
|
175 |
|
|||
Revenue per truck per week** | $ | 5,075 |
|
$ | 5,184 |
|
|
Average trucks during the period*** | 12,988 |
|
13,290 |
|
|||
Trucks (end of period) *** | 12,647 |
|
13,252 |
|
|||
Trailing equipment (end of period) | 32,046 |
|
32,600 |
|
|||
Average effective trailing equipment usage | 32,639 |
|
32,408 |
|
|||
Integrated Capacity Solutions | |||||||
Loads | 609,854 |
|
764,839 |
|
|||
Revenue per load | $ | 1,872 |
|
$ | 1,818 |
|
|
Gross profit margin | 16.1 |
% |
13.4 |
% |
|||
Employee count (end of period) | 590 |
|
861 |
|
|||
Approximate number of third-party carriers (end of period) | 110,000 |
|
122,100 |
|
|||
Marketplace for J.B. Hunt 360 revenue (millions) | $ | 395.8 |
|
$ | 765.6 |
|
|
Final Mile Services | |||||||
Stops | 4,316,578 |
|
4,596,715 |
|
|||
Average trucks during the period*** | 1,373 |
|
1,540 |
|
|||
Truckload | |||||||
Loads | 389,832 |
|
410,091 |
|
|||
Revenue per load | $ | 1,800 |
|
$ | 1,925 |
|
|
Average length of haul | 629 |
|
652 |
|
|||
Tractors (end of period) | |||||||
Company-owned | 2 |
|
27 |
|
|||
Independent contractor | 1,917 |
|
1,931 |
|
|||
Total tractors | 1,919 |
|
1,958 |
|
|||
Trailers (end of period) | 12,895 |
|
13,561 |
|
|||
Average effective trailing equipment usage | 12,552 |
|
13,000 |
|
|||
* Includes company-owned and independent contractor tractors | |||||||
** Using weighted workdays | |||||||
*** Includes company-owned, independent contractor, and customer-owned trucks |
J.B. HUNT TRANSPORT SERVICES, INC. |
|||||
Condensed Consolidated Balance Sheets |
|||||
(in thousands) |
|||||
(unaudited) |
|||||
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023**** |
ASSETS | |||||
Current assets: | |||||
Cash and cash equivalents | $ | 46,983 |
$ | 53,344 |
|
Accounts Receivable, net | 1,224,166 |
1,334,912 |
|||
Prepaid expenses and other | 462,575 |
523,047 |
|||
Total current assets | 1,733,724 |
1,911,303 |
|||
Property and equipment | 9,148,928 |
8,767,872 |
|||
Less accumulated depreciation | 3,419,129 |
2,993,959 |
|||
Net property and equipment | 5,729,799 |
5,773,913 |
|||
Other assets, net | 811,488 |
853,044 |
|||
$ | 8,275,011 |
$ | 8,538,260 |
||
LIABILITIES & STOCKHOLDERS' EQUITY | |||||
Current liabilities: | |||||
Current debt | $ | 500,000 |
$ | 249,961 |
|
Trade accounts payable | 645,925 |
737,364 |
|||
Claims accruals | 257,121 |
220,357 |
|||
Accrued payroll | 122,477 |
94,563 |
|||
Other accrued expenses | 152,517 |
150,256 |
|||
Total current liabilities | 1,678,040 |
1,452,501 |
|||
Long-term debt | 977,702 |
1,326,107 |
|||
Other long-term liabilities | 745,774 |
719,686 |
|||
Deferred income taxes | 858,990 |
936,208 |
|||
Stockholders' equity | 4,014,505 |
4,103,758 |
|||
$ | 8,275,011 |
$ | 8,538,260 |
||
Supplemental Data |
|||||
(unaudited) |
|||||
December 31, 2024 |
December 31, 2023 |
||||
Actual shares outstanding at end of period (000) | 100,555 |
103,220 |
|||
Book value per actual share outstanding at end of period | $ | 39.92 |
$ | 39.76 |
|
Twelve Months Ended December 31 |
|||||
2024 |
2023 |
||||
Net cash provided by operating activities (000) | $ | 1,483,156 |
$ | 1,744,618 |
|
Net capital expenditures (000) | $ | 674,406 |
$ | 1,600,215 |
|
**** We revised our unaudited Condensed Consolidated Balance Sheet at December 31, 2023 to correct the classification of portions of our claims accruals and corresponding insurance receivables for claims in excess of self-insurance levels from current liabilities and assets to long-term. |
|||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116856369/en/
Brad Delco
Senior Vice President – Finance
(479) 820-2723
Source: J.B. Hunt Transport Services, Inc.
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