Knight-Swift Transportation Holdings Inc
(NYSE:KNX)

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through three segments: Trucking, Logistics, and Intermodal. Its trucking services include irregular route, dedicated, ...

Website: http://knight-swift.com

Founded: 1990

Full Time Employees: 23,600

CEO: David A. Jackson

Sector: Industrials

Industry: Trucking

Transportation

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At a glance:

Bull Thesis:

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Main Competitors:

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31

revenue:
revenue, excluding truckload and ltl fuel surcharge	1,638,032,000		1,720,889,000	1,672,201,000	1,632,963,000		1,680,893,000	1,641,701,000	1,612,814,000		1,775,249,000	1,390,448,000	1,450,293,000		1,649,982,000	1,694,531,000	1,647,878,000
truckload and ltl fuel surcharge	212,191,000		206,168,000	189,739,000	191,399,000		195,783,000	204,953,000	209,653,000		244,687,000	162,531,000	186,639,000		246,857,000	266,600,000	179,111,000
total revenue	1,850,223,000		1,927,057,000	1,861,940,000	1,824,362,000		1,876,676,000	1,846,654,000	1,822,467,000		2,019,936,000	1,552,979,000	1,636,932,000		1,896,839,000	1,961,131,000	1,826,989,000		1,642,445,000	1,315,701,000	1,223,014,000		1,210,406,000	1,060,698,000	1,124,798,000		1,200,522,000	1,242,083,000	1,204,535,000		1,346,611,000	1,331,683,000	1,271,132,000	1,903,845,000	521,608,000
yoy	1.42%		2.68%	0.83%	0.10%		-7.09%	18.91%	11.33%		6.49%	-20.81%	-10.40%		15.49%	49.06%	49.38%		35.69%	24.04%	8.73%		0.82%	-14.60%	-6.62%		-10.85%	-6.73%	-5.24%		158.17%
qoq			3.50%	2.06%			1.63%	1.33%			30.07%	-5.13%			-3.28%	7.34%			24.83%	7.58%			14.11%	-5.70%			-3.35%	3.12%			1.12%	4.76%	-33.23%	265.00%
operating expenses:
salaries, wages, and benefits	728,698,000		755,278,000	754,582,000	721,659,000		726,358,000	691,878,000	692,907,000		710,543,000	533,237,000	536,742,000		559,849,000	549,956,000	536,056,000		500,673,000	377,613,000	370,370,000		376,923,000	365,311,000	354,833,000		375,491,000	380,354,000	363,855,000		381,174,000	371,405,000	361,673,000
fuel	231,338,000		221,807,000	203,566,000	207,246,000		213,489,000	222,573,000	234,589,000		272,376,000	168,300,000	187,759,000		231,128,000	257,146,000	190,489,000		146,422,000	126,055,000	118,236,000		104,703,000	86,381,000	121,855,000		148,699,000	151,309,000	138,439,000		162,832,000	162,969,000	144,816,000	212,656,000	62,300,000	94,485,000	94,961,000	92,459,000	90,464,000	87,371,000	74,987,000	90,184,000	103,023,000	116,668,000	106,907,000	133,057,000	149,099,000	153,677,000	156,022,000	150,437,000	160,561,000	144,377,000	151,882,000	152,060,000	151,726,000	145,826,000	153,003,000	463,015,000	168,537,000	150,281,000
operations and maintenance	128,473,000		142,437,000	139,970,000	132,372,000		142,418,000	138,251,000	134,633,000		142,913,000	101,380,000	99,311,000		115,918,000	106,724,000	95,883,000		86,951,000	71,313,000	68,070,000		69,964,000	66,067,000	68,404,000		85,108,000	82,443,000	79,760,000		87,362,000	88,278,000	85,020,000	127,040,000	37,267,000
insurance and claims	109,157,000		116,497,000	85,281,000	92,225,000		86,510,000	105,438,000	122,446,000		148,865,000	137,306,000	138,039,000		116,493,000	102,084,000	98,192,000		73,757,000	58,776,000	55,643,000		45,186,000	45,302,000	54,280,000		46,792,000	48,796,000	50,136,000		52,701,000	53,126,000	59,148,000	74,082,000	21,117,000	52,070,000	50,176,000	51,845,000	47,372,000	45,806,000	47,710,000	40,155,000	52,877,000	42,206,000	44,307,000	45,804,000	37,673,000	33,321,000	42,448,000	41,934,000	35,110,000	29,207,000	27,771,000	25,004,000	25,707,000	26,278,000	30,580,000	67,201,000	27,876,000	22,725,000
operating taxes and licenses	37,394,000		33,263,000	34,525,000	34,366,000		32,220,000	30,374,000	31,329,000		30,506,000	28,332,000	25,890,000		26,628,000	30,204,000	29,037,000		27,475,000	21,717,000	22,048,000		21,475,000	20,883,000	22,169,000		20,970,000	21,560,000	21,803,000		21,986,000	22,671,000	23,150,000	31,751,000	8,793,000	17,738,000	18,166,000	18,958,000	18,685,000	18,605,000	18,505,000	19,500,000	19,245,000	18,271,000	17,588,000	17,651,000	17,892,000	17,926,000	18,337,000	19,110,000	18,575,000	15,852,000	15,540,000	15,809,000	14,946,000	15,444,000	15,904,000	46,484,000	15,459,000	15,258,000
communications	6,442,000		7,047,000	7,381,000	7,383,000		8,411,000	8,264,000	7,533,000		8,411,000	6,184,000	5,749,000		5,095,000	5,744,000	5,870,000		6,612,000	4,635,000	5,037,000		5,069,000	4,902,000	4,874,000		4,913,000	4,960,000	5,083,000		5,041,000	5,450,000	5,292,000	8,770,000	1,921,000
depreciation and amortization of property and equipment	176,809,000		179,036,000	176,538,000	177,479,000		178,598,000	178,850,000	181,865,000		176,613,000	156,381,000	155,966,000		150,363,000	147,482,000	145,044,000		138,570,000	123,606,000	119,915,000		115,664,000	114,601,000	110,221,000		106,884,000	102,938,000	100,937,000		97,708,000	95,748,000	93,863,000	150,256,000	43,477,000	62,353,000	67,769,000	68,250,000	67,245,000	64,688,000	66,951,000	67,541,000	66,852,000	60,415,000	56,927,000	55,787,000	54,369,000	54,791,000	56,175,000	56,004,000	58,254,000	52,527,000	50,332,000	49,758,000	49,288,000	50,389,000	50,394,000	152,620,000	51,553,000	50,358,000
amortization of intangibles	18,902,000		19,246,000	19,246,000	19,246,000		18,922,000	18,544,000	18,543,000		18,907,000	16,505,000	16,183,000		16,254,000	16,215,000	16,166,000		15,719,000	11,984,000	11,749,000		11,473,000	11,474,000	11,474,000		10,759,000	10,692,000	10,693,000		10,695,000	10,687,000	10,509,000	10,718,000	2,654,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,203,000	4,204,000	4,204,000	4,203,000	4,215,000	4,303,000	13,641,000	4,617,000	4,727,000
rental expense	45,052,000		41,647,000	43,196,000	42,866,000		42,322,000	43,930,000	42,996,000		50,401,000	16,073,000	15,068,000		15,216,000	13,492,000	13,401,000		12,002,000	13,399,000	16,864,000		19,700,000	22,372,000	25,375,000		28,726,000	32,875,000	35,545,000		39,806,000	47,703,000	52,875,000	58,836,000	15,388,000	57,385,000	55,694,000	55,932,000	57,004,000	57,070,000	56,252,000	59,592,000	59,088,000	59,846,000	61,975,000	61,781,000	59,655,000	56,135,000	51,719,000	50,447,000	46,262,000	30,541,000	29,251,000	29,973,000	28,873,000	26,576,000	23,499,000	62,617,000	19,224,000	17,989,000
purchased transportation	278,628,000		284,386,000	265,722,000	277,294,000		295,261,000	286,768,000	277,257,000		330,683,000	258,259,000	280,729,000		364,394,000	384,910,000	386,446,000		352,061,000	304,157,000	258,230,000		245,102,000	200,107,000	225,276,000		251,337,000	261,273,000	269,349,000		329,338,000	335,712,000	324,283,000	466,679,000	127,434,000	275,380,000	265,511,000	285,757,000	280,041,000	283,602,000	267,309,000	297,049,000	299,866,000	294,677,000	288,811,000	333,738,000	328,112,000	340,249,000	319,169,000	337,052,000	318,321,000	257,471,000	244,817,000	265,443,000	258,855,000	252,685,000	233,202,000	665,752,000	223,680,000	194,037,000
impairments	882,000		34,805,000	10,584,000	28,000		1,008,000	5,877,000	3,982,000								810,000							353,000	902,000			2,182,000						98,000	16,746,000	187,000											2,308,000							2,322,000			1,065,000
miscellaneous operating expenses	59,864,000		41,282,000	48,733,000	45,535,000		49,739,000	52,447,000	53,832,000		48,662,000	36,992,000	30,709,000		30,060,000	21,396,000	11,509,000		12,116,000	11,331,000	14,593,000		29,686,000	20,778,000	23,016,000		17,890,000	34,108,000	12,636,000		13,688,000	13,692,000	16,759,000	29,809,000	11,972,000
total operating expenses	1,821,639,000		1,876,731,000	1,789,324,000	1,757,699,000		1,795,256,000	1,783,194,000	1,801,912,000		1,938,880,000	1,458,949,000	1,492,145,000		1,631,398,000	1,635,353,000	1,528,903,000		1,372,358,000	1,124,586,000	1,060,755,000		1,044,945,000	958,531,000	1,022,679,000		1,097,569,000	1,133,490,000	1,088,236,000		1,202,331,000	1,207,441,000	1,177,388,000	1,709,026,000	515,797,000	940,897,000	948,246,000	963,143,000	973,373,000	937,649,000	915,340,000	968,094,000	990,052,000	960,928,000	940,144,000	1,007,033,000	977,469,000	981,876,000	962,276,000	972,834,000	947,707,000	805,823,000	794,807,000	815,509,000	800,737,000	785,907,000	768,983,000	2,249,992,000	777,903,000	712,160,000
operating income	28,584,000		50,326,000	72,616,000	66,663,000		81,420,000	63,460,000	20,555,000		81,056,000	94,030,000	144,787,000		265,441,000	325,778,000	298,086,000		270,087,000	191,115,000	162,259,000		165,461,000	102,167,000	102,119,000		102,953,000	108,593,000	116,299,000		144,280,000	124,242,000	93,744,000	194,819,000	5,811,000	52,161,000	15,585,000	75,471,000	39,853,000	74,205,000	52,483,000	121,707,000	74,921,000	98,476,000	75,000,000	132,467,000	97,411,000	94,022,000	46,170,000	102,555,000	84,420,000	92,281,000	61,987,000	107,110,000	70,357,000	86,677,000	57,902,000	233,446,000	72,567,000	46,729,000
yoy	-57.12%		-38.19%	14.43%	224.32%		0.45%	-32.51%	-85.80%		-69.46%	-71.14%	-51.43%		-1.72%	70.46%	83.71%		63.23%	87.06%	58.89%		60.72%	-5.92%	-12.19%		-28.64%	-12.60%	24.06%		2382.88%	138.19%	501.50%	158.14%	-85.42%	-29.71%	-70.30%	-37.99%	-46.81%	-24.65%	-30.02%	-8.12%	-23.09%	4.74%	62.44%	29.17%	15.39%	1.89%	-25.52%	-4.25%	19.99%	6.47%	7.06%	-54.12%	-3.05%	85.49%
qoq			-30.70%	8.93%			28.30%	208.73%			-13.80%	-35.06%			-18.52%	9.29%			41.32%	17.78%			61.95%	0.05%			-5.19%	-6.63%			16.13%	32.53%	-51.88%	3252.59%	-88.86%	234.69%	-79.35%	89.37%	-46.29%	41.39%	-56.88%	62.45%	-23.92%	31.30%	-43.38%	35.99%	3.60%	103.64%	-54.98%	21.48%	-8.52%	48.87%	-42.13%	52.24%	-18.83%	49.70%	-75.20%	221.70%	55.29%
operating margin %	1.54%	NaN%	2.61%	3.90%	3.65%	NaN%	4.34%	3.44%	1.13%	NaN%	4.01%	6.05%	8.85%	NaN%	13.99%	16.61%	16.32%	NaN%	16.44%	14.53%	13.27%	NaN%	13.67%	9.63%	9.08%	NaN%	8.58%	8.74%	9.66%	NaN%	10.71%	9.33%	7.37%	10.23%	1.11%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
other (expenses) income:
interest income	1,806,000		2,690,000	3,036,000	3,034,000		4,005,000	3,817,000	5,022,000		5,542,000	5,508,000	5,049,000		1,221,000	675,000	461,000		245,000	270,000	294,000		326,000	437,000	832,000		1,007,000	977,000	1,016,000		889,000	730,000	572,000	837,000	370,000	-581,000	-488,000	-623,000	-624,000	-636,000	-751,000	-701,000	-647,000	-591,000	-587,000	-674,000	-777,000	-692,000	-766,000	-733,000	-604,000	-517,000	-573,000	-595,000	-667,000	-439,000	-397,000	-1,429,000	-471,000	-467,000
interest expense	-30,729,000		-40,934,000	-40,878,000	-40,203,000		-44,398,000	-40,482,000	-41,236,000		-39,354,000	-24,354,000	-23,091,000		-14,679,000	-9,345,000	-6,680,000		-7,179,000	-3,307,000	-3,486,000		-3,232,000	-4,021,000	-6,107,000		-7,790,000	-7,156,000	-7,348,000		-7,528,000	-7,132,000	-6,764,000	-6,874,000	-1,812,000	6,862,000	7,521,000	7,053,000	7,384,000	7,567,000	8,594,000	8,723,000	9,130,000	10,109,000	10,388,000	15,014,000	20,372,000	21,453,000	23,225,000	23,815,000	24,595,000	23,760,000	25,574,000	27,613,000	28,149,000	29,553,000	32,776,000	109,342,000	36,631,000	37,501,000
other income	-1,181,000		3,638,000	13,150,000	11,038,000		3,169,000	4,888,000	8,992,000								-14,405,000		4,072,000	16,840,000			7,484,000	8,499,000	-6,507,000		3,335,000	3,101,000	6,139,000		3,327,000	1,005,000	2,155,000	2,000,000	-1,442,000	-1,195,000	-1,183,000	-828,000	-1,223,000	-1,094,000	-776,000
total other (expenses) income	-30,104,000						-37,224,000	-31,777,000	-27,222,000		-22,379,000	-9,167,000	-8,339,000		-4,970,000	-34,246,000	-20,624,000		-2,862,000		12,913,000				-11,782,000
income before income taxes	-1,520,000		15,720,000	47,924,000	40,532,000		44,196,000	31,683,000	-6,667,000		58,677,000	84,863,000	136,448,000		260,471,000	291,532,000	277,462,000		267,225,000	204,918,000	175,172,000		170,039,000	107,082,000	90,337,000		99,505,000	105,515,000	116,106,000		140,968,000	118,845,000	89,707,000	190,782,000	2,927,000	41,918,000	7,578,000	69,869,000	34,316,000	65,368,000	45,416,000	114,869,000	57,555,000	82,831,000	61,531,000	91,206,000	74,048,000	65,363,000	20,009,000	78,474,000	56,109,000	69,829,000	37,954,000	74,722,000	42,812,000	55,475,000	2,640,000	115,764,000	33,068,000	5,526,000
income tax expense	-107,000		7,388,000	13,993,000	10,303,000		14,137,000	11,790,000	-3,674,000		-1,220,000	21,959,000	32,735,000		65,679,000	72,090,000	69,174,000		61,059,000	51,783,000	45,329,000		47,835,000	26,815,000	24,554,000		24,524,000	26,076,000	27,923,000		34,624,000	27,217,000	18,975,000			15,621,000	2,371,000	19,427,000	10,292,000	22,472,000	13,511,000	42,367,000	21,274,000	31,877,000	23,691,000	32,715,000	23,890,000	25,165,000	7,704,000	33,176,000	26,156,000	26,888,000		8,297,000	14,960,000	21,776,000
net income	-1,413,000		8,332,000	33,931,000	30,229,000		30,059,000	19,893,000	-2,993,000		59,897,000	62,904,000	103,713,000		194,792,000	219,442,000	208,288,000		206,166,000	153,135,000	129,843,000		122,204,000	80,267,000	65,783,000		74,981,000	79,439,000	88,183,000		106,344,000	91,628,000	70,732,000	481,226,000	4,199,000	26,297,000	5,207,000	50,442,000	24,024,000	42,896,000	31,905,000	72,502,000	36,281,000	50,954,000	37,840,000	58,491,000	50,158,000	40,198,000	12,305,000	45,298,000	29,953,000	42,941,000	23,341,000	46,850,000	27,852,000	33,699,000	6,188,000	70,967,000	19,583,000	3,205,000
yoy	-104.67%		-72.28%	70.57%	-1109.99%		-49.82%	-68.38%	-102.89%		-69.25%	-71.33%	-50.21%		-5.52%	43.30%	60.42%		68.71%	90.78%	97.38%		62.98%	1.04%	-25.40%		-29.49%	-13.30%	24.67%		2432.60%	248.44%	1258.40%	854.02%	-82.52%	-38.70%	-83.68%	-30.43%	-33.78%	-15.81%	-15.68%	23.95%	-27.67%	26.76%	207.52%	29.12%	67.46%	-6.39%	-47.28%	-3.31%	7.54%	27.43%	277.20%	-33.98%	42.23%	951.45%
qoq			-75.44%	12.25%			51.10%	-764.65%			-4.78%	-39.35%			-11.23%	5.36%			34.63%	17.94%			52.25%	22.02%			-5.61%	-9.92%			16.06%	29.54%	-85.30%	11360.49%	-84.03%	405.03%	-89.68%	109.97%	-43.99%	34.45%	-55.99%	99.83%	-28.80%	34.66%	-35.31%	16.61%	24.78%	226.68%	-72.84%	51.23%	-30.25%	83.97%	-50.18%	68.21%	-17.35%	444.59%	-91.28%	262.39%	511.01%
net income margin %	-0.08%	NaN%	0.43%	1.82%	1.66%	NaN%	1.60%	1.08%	-0.16%	NaN%	2.97%	4.05%	6.34%	NaN%	10.27%	11.19%	11.40%	NaN%	12.55%	11.64%	10.62%	NaN%	10.10%	7.57%	5.85%	NaN%	6.25%	6.40%	7.32%	NaN%	7.90%	6.88%	5.56%	25.28%	0.81%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
net loss attributable to noncontrolling interest	96,000		-471,000	312,000	410,000		405,000	407,000	358,000		297,000	422,000	571,000		3,000	50,000	49,000
net income attributable to knight-swift	-1,317,000		7,861,000	34,243,000	30,639,000		30,464,000	20,300,000	-2,635,000		60,194,000	63,326,000	104,284,000		194,795,000	219,492,000	208,337,000		206,178,000	152,804,000	129,790,000		122,058,000	80,189,000	65,426,000		74,619,000	79,205,000	87,938,000		105,881,000	91,323,000	70,364,000	480,411,000	3,881,000
other comprehensive income	340,000		-96,000	-109,000	463,000		995,000	41,000	-38,000		152,000	531,000	1,090,000		243,000
comprehensive income	-977,000		7,765,000	34,134,000	31,102,000		31,459,000	20,341,000	-2,673,000		60,346,000	63,857,000	105,374,000		195,038,000	217,630,000	207,965,000		205,300,000
earnings per share:
basic	-0.01		0.05	0.21	0.19		0.19	0.13	-0.02		0.37	0.39	0.65		1.21	1.35	1.26		1.24	0.92	0.77		0.72	0.47	0.38		0.44	0.46	0.51		0.6	0.51	0.39	4.34	0.04
diluted	-0.01		0.05	0.21	0.19		0.19	0.13	-0.02		0.37	0.39	0.64		1.21	1.35	1.25		1.23	0.92	0.77		0.71	0.47	0.38		0.44	0.46	0.51		0.6	0.51	0.39	4.3	0.04
dividends declared per share:	0.2		0.18	0.18	0.18		0.16	0.16	0.16		0.14	0.14	0.14		0.12	0.12	0.12		0.1	0.1	0.08		0.08	0.08	0.08		0.06	0.06	0.06		0.06	0.06	0.06	0.18	0.06
weighted-average shares outstanding:
basic	162,426	162,188	162,305	162,131	161,974	161,738	161,861	161,689	161,511	161,188	161,332	161,116	160,915	162,260	160,665	162,365	165,377	165,860	165,966	165,577	167,478	169,711	170,205	169,948	170,617	171,541	170,504	172,078	172,971	177,018	176,849	178,451	178,160	110,657	102,846
diluted	163,135	162,611	162,647	162,541	162,457	162,173	162,233	162,111	162,086	161,826	161,888	161,940	161,900	163,211	161,572	163,166	166,499	167,060	167,106	166,585	168,374	170,549	171,028	170,624	171,282	172,142	171,290	172,724	173,608	177,999	177,750	179,398	179,241	111,697	103,752
total other expenses			-34,606,000	-24,692,000	-26,131,000
other income (expenses)											11,433,000	9,679,000	9,703,000		8,488,000						16,105,000
other (expenses) income																-25,576,000											-3,448,000	-3,078,000	-193,000
other comprehensive loss																-1,862,000	-372,000		-878,000
revenue, excluding truckload fuel surcharge																			1,510,572,000
truckload fuel surcharge																			131,873,000
net income attributable to noncontrolling interest																			12,000	-331,000	-53,000		-146,000	-78,000	-357,000		-362,000	-234,000	-245,000		-463,000	-305,000	-368,000	-815,000	-318,000
revenue, excluding trucking fuel surcharge																				1,212,872,000	1,133,105,000		1,137,313,000	997,597,000	1,027,095,000		1,090,210,000	1,122,754,000
trucking fuel surcharge																				102,829,000	89,909,000		73,093,000	63,101,000	97,703,000		110,312,000	119,329,000
total other income (expenses)																				13,803,000			4,578,000	4,915,000
revenue, excluding fuel surcharge																													1,078,138,000		1,188,743,000	1,169,748,000
fuel surcharge																													126,397,000		157,868,000	161,935,000	146,960,000	193,655,000	51,925,000
merger-related costs																																		4,178,000	12,338,000
revenue before fuel surcharge																																	1,124,172,000
revenue, before fuel surcharge																																		117,420,750	469,683,000
salaries, wages and benefits																																		38,597,500	154,390,000
other income:
total other income																																		-4,037,000	-2,884,000
income taxes (benefit) expense																																		-318,000	-1,272,000
operating revenue:
revenue, excluding fuel surcharge revenue																																				898,945,000	871,090,000	950,809,000	929,732,000	935,409,000	906,913,000	996,239,000	954,974,000	935,899,000	894,864,000
fuel surcharge revenue																																				94,113,000	92,741,000	87,805,000	83,494,000	76,445,000	60,910,000	93,562,000	109,999,000	123,505,000	120,280,000
operating revenue																																				993,058,000	963,831,000	1,038,614,000	1,013,226,000	1,011,854,000	967,823,000	1,089,801,000	1,064,973,000	1,059,404,000	1,015,144,000	1,139,500,000	1,074,880,000	1,075,898,000	1,008,446,000	1,075,389,000	1,032,127,000	898,104,000	856,794,000	922,619,000	871,094,000	872,584,000	826,885,000	2,483,438,000	850,470,000	758,889,000
salaries, wages, and employee benefits																																				284,437,000	283,338,000	279,779,000	293,098,000	287,100,000
operating supplies and expenses																																				87,952,000	104,119,000	98,783,000	113,750,000	87,220,000	90,215,000	99,665,000	102,719,000	91,147,000	94,204,000	88,712,000	88,459,000	84,077,000	80,825,000	82,756,000	85,204,000	68,136,000	60,665,000	62,898,000	63,766,000	63,379,000	55,042,000	179,440,000	58,766,000	57,104,000
gain on disposal of property and equipment																																				-3,438,000	-4,195,000	-1,376,000	-5,620,000	-4,963,000	-6,326,000	-8,466,000	-9,825,000	-10,230,000	-3,932,000	-4,583,000	-11,628,000	-8,312,000	-3,159,000	-9,054,000	-5,619,000	-4,681,000	-2,354,000	-3,466,000	-2,746,000	-3,478,000	-4,390,000	-7,774,000	-700,000	-2,255,000
communication and utilities																																				8,145,000	8,503,000	7,746,000	7,130,000	6,947,000	6,900,000	8,472,000	8,236,000	7,399,000	7,499,000	7,664,000	7,321,000	7,716,000	7,170,000	6,448,000	6,679,000	5,433,000	6,092,000	6,226,000	6,154,000	5,975,000	6,246,000	19,664,000	6,335,000	6,460,000
other incomes
merger transaction costs																																				5,157,000	2,157,000
legal settlements and reserves																																								3,000,000
total other incomes																																				10,243,000										41,261,000	23,363,000	28,659,000	26,161,000	24,081,000	28,311,000	22,452,000	24,033,000	32,388,000	27,545,000	31,202,000	55,262,000	117,682,000	39,499,000	41,203,000
basic earnings per share																																				0.2	0.04	0.38	0.18	0.32	0.23	0.51	0.25	0.36	0.27	0.41	0.35	0.28	0.09	0.32	0.21	0.31	0.17	0.33	0.2	0.24	0.04	0.51	0.14	0.02
diluted earnings per share																																				0.2	0.04	0.37	0.18	0.32	0.23	0.51	0.25	0.35	0.26	0.4	0.35	0.28	0.09	0.31	0.21	0.3	0.17	0.33	0.2	0.24	0.04	0.51	0.14	0.02
shares used in per share calculations:
basic																																				133,544	133,147	-483	132,930	134,439	136,519	-517	142,801	142,540	142,199	149	141,557	141,308	140,981	175	140,327	139,989	139,686	6	139,535	139,522	139,509	-324	139,479	138,127
diluted																																				134,507	134,089	-733	134,462	135,651	137,655	-570	144,132	144,212	143,955	137	143,322	143,393	143,018	279	142,315	141,838	141,259	-12	139,546	139,640	140,392	-1,053	140,716	138,900
total other incomes (income)																																					8,007,000			8,837,000	7,067,000	6,838,000	17,366,000		13,469,000
other expenses
derivative interest expense																																											68,000	1,111,000	2,793,000	1,468,000	1,756,000	1,618,000	1,653,000	1,293,000	1,465,000	532,000	562,000		448,000	2,108,000	2,545,000	11,054,000	4,003,000	4,680,000
loss on debt extinguishment																																											9,567,000			27,152,000	2,854,000	6,990,000	2,913,000		496,000		5,044,000			1,279,000	20,940,000
non-cash impairments of non-operating assets																																													1,480,000
total other expenses (income)																																						5,602,000	5,537,000					15,645,000
salaries, wages and employee benefits																																									288,633,000	290,199,000	283,767,000	276,326,000	261,654,000	263,219,000	240,005,000	238,093,000	229,366,000	233,497,000	220,156,000	202,757,000	206,607,000	205,278,000	199,965,000	198,618,000	200,135,000	587,332,000	202,556,000	195,476,000
legal settlement																																												6,000,000
other																																										-585,250	-752,000	-984,000	-605,000	-1,699,000	-842,000	-710,000	-864,000	-876,000	-1,174,000	-1,323,000	-496,000	-609,000	-385,000	-1,299,000	-602,000	-1,285,000	-664,000	-511,000
merger and acquisition expense																																																		582,000	4,331,000
gain on sale of real property																																																			-798,000		-6,078,000
other incomes:
shares used in per share calculations
basic																																				133,544	133,147	-483	132,930	134,439	136,519	-517	142,801	142,540	142,199	149	141,557	141,308	140,981	175	140,327	139,989	139,686	6	139,535	139,522	139,509	-324	139,479	138,127
diluted																																				134,507	134,089	-733	134,462	135,651	137,655	-570	144,132	144,212	143,955	137	143,322	143,393	143,018	279	142,315	141,838	141,259	-12	139,546	139,640	140,392	-1,053	140,716	138,900
income tax benefit																																																					14,613,000					44,797,000	13,485,000	2,321,000
income tax (benefit) expense																																																									-3,548,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31

assets
current assets:
cash and cash equivalents	222,774,000	220,420,000	192,677,000	216,320,000	209,480,000	218,261,000	166,348,000	186,473,000	204,762,000	168,545,000	193,372,000	228,957,000	191,245,000	196,770,000	194,082,000	198,021,000	242,860,000	261,001,000	269,694,000	179,032,000	194,650,000	156,699,000	240,236,000	117,760,000	119,132,000	159,722,000	93,996,000	55,063,000	60,215,000	82,486,000	91,335,000	115,494,000	79,184,000	76,649,000	136,422,000	42,884,000	61,770,000	89,391,000	71,258,000	118,132,000	142,724,000	107,590,000	53,706,000	53,651,000	68,736,000	105,132,000	70,296,000	73,528,000	46,098,000	59,178,000	51,429,000	43,510,000	38,746,000	53,596,000	43,321,000	35,515,000	47,684,000	40,177,000	44,656,000	21,549,000	47,494,000
cash and cash equivalents – restricted	70,447,000	82,381,000	101,677,000	123,052,000	135,152,000	147,684,000	150,870,000	149,571,000	136,174,000	297,275,000	259,979,000	251,438,000	204,348,000	185,792,000	144,960,000	111,449,000	128,774,000	87,241,000	68,019,000	51,637,000	47,867,000	39,328,000	36,689,000	39,583,000	39,812,000	41,331,000	40,831,000	51,602,000	50,689,000		48,460,000	50,714,000				58,994,000	54,945,000		59,487,000	55,109,000
trade receivables, net of allowance	425,522,000	305,324,000	864,539,000	848,282,000	867,258,000	803,696,000	835,248,000	841,619,000	867,610,000	888,603,000	971,175,000	712,197,000	800,415,000	842,294,000	944,060,000	1,010,768,000	939,704,000	911,336,000	830,402,000	648,435,000	584,011,000	578,479,000	559,657,000	522,075,000	521,976,000	518,547,000	513,906,000	549,668,000	555,930,000	616,830,000	625,293,000	598,850,000	589,983,000	574,265,000	545,588,000
contract balance – revenue in transit	12,570,000	9,642,000	8,687,000	11,110,000	9,123,000	7,238,000	11,056,000	14,267,000	13,622,000	12,246,000	12,122,000	13,608,000	15,097,000	15,859,000	19,605,000	20,422,000	21,185,000	22,936,000	22,950,000	20,913,000	20,104,000	14,560,000	20,233,000	14,679,000	13,239,000	12,696,000	17,332,000	20,526,000
prepaid expenses	96,815,000	113,985,000	116,851,000	112,699,000	124,984,000	123,089,000	114,793,000	112,998,000	137,105,000	148,696,000	132,594,000	100,896,000	105,429,000	108,081,000	93,292,000	79,405,000	86,742,000	90,507,000	76,697,000	58,722,000	66,278,000	71,649,000	61,686,000	54,515,000	59,134,000	62,160,000	73,052,000	67,904,000	74,707,000	67,011,000	66,814,000	58,438,000	62,212,000	58,525,000	65,004,000
assets held for sale	61,599,000	72,985,000	69,295,000	70,857,000	62,303,000	82,993,000	74,787,000	72,480,000	78,918,000	83,366,000	77,008,000	59,310,000	48,259,000	40,602,000	16,318,000	11,195,000	11,421,000	8,166,000	20,330,000	17,599,000	20,835,000	29,756,000	38,098,000	39,641,000	37,986,000	41,786,000	57,395,000	43,479,000	32,332,000	39,955,000	48,583,000	36,274,000	30,444,000	25,153,000	24,891,000	1,652,000	5,333,000	6,969,000	11,830,000	7,561,000	9,692,000	9,084,000	11,096,000	8,049,000	3,438,000	2,907,000	5,752,000	8,694,000	18,389,000	19,268,000	9,897,000	16,752,000	16,011,000	31,544,000	14,982,000	13,307,000	21,329,000	13,058,000	11,526,000	12,234,000	8,862,000
income tax receivable	36,161,000	45,895,000	79,376,000	28,016,000	13,523,000	37,260,000	46,191,000	39,266,000	58,273,000	65,815,000	60,211,000	17,303,000	30,221,000	58,974,000	15,100,000	6,880,000	217,000	909,000	46,899,000	29,369,000	31,000	2,903,000	8,358,000	5,902,000	12,646,000	17,026,000	42,538,000	35,437,000	1,399,000	6,943,000	41,236,000	30,036,000	26,841,000	55,114,000	39,850,000
other current assets	28,973,000	36,894,000	35,181,000	33,682,000	33,034,000	28,520,000	38,330,000	33,541,000	35,707,000	43,939,000	53,684,000	53,662,000	43,546,000	38,025,000	39,103,000	27,421,000	27,064,000	26,318,000	62,334,000	60,581,000	21,015,000	20,988,000	24,544,000	27,073,000	25,681,000	27,848,000	51,884,000	34,356,000	26,550,000	29,706,000	29,611,000	30,028,000	23,684,000	23,945,000	24,419,000																							13,738,000	12,303,000
total current assets	954,861,000	887,526,000	1,468,283,000	1,444,018,000	1,454,857,000	1,448,741,000	1,437,623,000	1,450,215,000	1,532,171,000	1,709,015,000	1,761,173,000	1,885,110,000	1,442,636,000	1,493,572,000	1,474,347,000	1,473,417,000	1,466,269,000	1,414,280,000	1,404,465,000	1,074,877,000	963,745,000	923,363,000	998,553,000	829,500,000	838,442,000	890,028,000	900,968,000	868,312,000	813,462,000	907,232,000	971,843,000	941,332,000	895,501,000	923,207,000	927,855,000	598,326,000	615,307,000	655,551,000	653,922,000	693,504,000	727,912,000	705,607,000	725,415,000	714,702,000	720,785,000	800,408,000	743,864,000	752,423,000	734,520,000	734,032,000	728,101,000	613,147,000	666,901,000	674,537,000	644,823,000	605,223,000	645,960,000	573,588,000	594,622,000	534,498,000	512,316,000
gross property and equipment	7,401,723,000	7,380,056,000	7,327,009,000	7,134,871,000	7,109,564,000	7,104,514,000	7,081,485,000	6,917,535,000	6,782,857,000	6,720,610,000	6,542,804,000	5,980,256,000	5,840,683,000	5,740,383,000	5,543,221,000	5,368,062,000	5,235,593,000		4,933,669,000	4,401,293,000	4,286,833,000		4,112,703,000	3,947,597,000	3,838,947,000		3,671,073,000	3,546,930,000	3,377,112,000
less: accumulated depreciation and amortization	-2,741,867,000	-2,662,331,000	-2,571,761,000	-2,518,802,000	-2,484,008,000	-2,401,129,000	-2,322,511,000	-2,292,930,000	-2,205,709,000	-2,104,211,000	-2,038,345,000	-2,018,107,000	-1,960,593,000	-1,905,340,000	-1,867,896,000	-1,766,873,000	-1,655,908,000	-1,563,533,000	-1,477,334,000	-1,389,477,000	-1,311,189,000	-1,230,696,000	-1,142,138,000	-1,053,027,000	-965,777,000	-892,019,000	-824,144,000	-801,287,000	-753,389,000	-693,107,000	-643,030,000	-592,304,000	-532,056,000	-462,922,000	-399,681,000	-1,286,656,000	-1,271,973,000	-1,244,890,000	-1,200,613,000	-1,176,562,000	-1,152,843,000	-1,128,499,000	1,092,987,000	1,049,974,000	1,017,060,000	978,305,000	946,640,000	950,480,000	951,521,000	922,665,000	942,646,000	864,903,000	851,026,000	819,803,000	804,786,000	802,347,000	787,164,000	747,825,000	730,563,000	699,342,000	660,497,000
property and equipment	4,659,856,000	4,717,725,000	4,755,248,000	4,616,069,000	4,625,556,000	4,703,385,000	4,758,974,000	4,624,605,000	4,577,148,000	4,616,399,000	4,504,459,000	3,962,149,000	3,880,090,000	3,835,043,000	3,675,325,000	3,601,189,000	3,579,685,000	3,555,364,000	3,456,335,000	3,011,816,000	2,975,644,000	2,992,652,000	2,970,565,000	2,894,570,000	2,873,170,000	2,850,720,000	2,846,929,000	2,745,643,000	2,623,723,000	2,612,837,000	3,200,826,000	2,995,795,000	2,345,863,000	2,384,221,000	2,296,587,000
operating lease right-of-use-assets	316,960,000	314,571,000	297,060,000	322,710,000	366,559,000	372,841,000	415,856,000	422,433,000	443,002,000	484,821,000	505,795,000	200,708,000	197,950,000	192,358,000	160,920,000	165,643,000	141,363,000	147,540,000	102,230,000	91,258,000	95,658,000	113,296,000				169,425,000
goodwill	3,934,741,000	3,934,741,000	3,962,142,000	3,962,142,000	3,962,142,000	3,962,142,000	3,963,142,000	3,879,442,000	3,873,131,000	3,848,798,000	3,844,252,000	3,519,339,000	3,519,339,000	3,519,339,000	3,518,589,000	3,518,589,000	3,518,589,000	3,515,135,000	3,461,898,000	2,971,023,000	2,958,709,000	2,922,964,000	2,922,967,000	2,922,970,000	2,923,382,000	2,918,992,000	2,918,995,000	2,919,219,000	2,919,222,000	2,919,176,000	2,919,528,000	2,917,584,000	2,910,101,000	2,887,867,000	2,989,270,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000	253,256,000
intangible assets	1,916,594,000	1,935,699,000	1,970,565,000	2,018,606,000	2,037,848,000	2,057,044,000	2,075,315,000	2,021,838,000	2,040,339,000	2,058,882,000	2,077,426,000	1,744,056,000	1,760,561,000	1,776,569,000	1,782,452,000	1,798,668,000	1,814,883,000	1,831,049,000	1,793,924,000	1,403,483,000	1,393,346,000	1,389,245,000	1,400,719,000	1,412,192,000	1,423,666,000	1,379,459,000	1,391,157,000	1,399,534,000	1,410,227,000	1,420,919,000	1,431,612,000	1,442,707,000	1,453,395,000	1,440,903,000	1,285,571,000	257,898,000	262,101,000	266,305,000	270,508,000	274,712,000	278,915,000	283,119,000	287,322,000	291,526,000	295,729,000	299,933,000	304,136,000	308,340,000	312,543,000	316,747,000	320,950,000	325,154,000	329,357,000	333,561,000	337,765,000	341,968,000	346,183,000	354,891,000	359,400,000	364,017,000	368,744,000
other long-term assets	163,744,000	165,174,000	165,425,000	159,890,000	159,110,000	154,379,000	173,871,000	171,792,000	163,079,000	152,850,000	147,176,000	126,530,000	142,428,000	134,785,000	135,734,000	157,372,000	175,017,000	192,132,000	136,130,000	130,002,000	132,373,000	126,482,000	89,207,000	82,843,000	70,380,000	73,108,000	71,672,000	59,850,000	61,608,000	51,721,000	51,287,000	48,627,000
total assets	11,946,756,000	11,955,436,000	12,618,723,000	12,523,435,000	12,606,072,000	12,698,532,000	12,824,781,000	12,570,325,000	12,628,870,000	12,870,765,000	12,840,281,000	11,437,892,000	10,943,004,000	10,951,666,000	10,747,367,000	10,714,878,000	10,695,806,000	10,655,500,000	10,354,982,000	8,682,459,000	8,519,475,000	8,468,002,000	8,501,361,000	8,279,028,000	8,288,323,000	8,281,732,000	8,322,225,000	8,213,584,000	8,081,142,000	7,911,885,000	7,932,066,000	7,753,741,000	7,656,086,000	7,683,442,000	7,547,808,000	2,590,688,000	2,637,206,000	2,745,666,000	2,754,224,000	2,772,866,000	2,867,501,000	2,922,435,000	2,974,174,000	2,909,012,000	2,876,923,000	2,937,582,000	2,832,237,000	2,815,106,000	2,820,016,000	2,809,008,000	2,864,425,000	2,642,725,000	2,639,907,000	2,632,178,000	2,615,720,000	2,572,872,000	2,599,492,000	2,544,167,000	2,591,610,000	2,555,680,000	2,567,895,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	255,924,000	200,835,000	251,567,000	301,867,000	325,573,000	329,697,000	293,244,000	300,585,000	283,837,000	355,173,000	299,039,000	223,482,000	214,574,000	220,849,000	229,555,000	220,469,000	248,762,000	224,844,000	177,634,000	151,704,000	126,918,000	101,001,000	140,228,000	128,731,000	168,018,000	99,194,000	145,155,000	165,085,000	158,646,000	117,883,000	164,938,000	141,465,000	112,308,000	119,867,000	198,168,000	133,731,000	114,147,000	115,063,000	138,087,000	121,116,000	118,605,000	121,827,000	136,551,000	123,438,000	162,226,000	160,186,000	165,734,000	141,889,000	174,397,000	118,014,000	152,475,000	122,582,000	123,738,000	103,070,000	112,504,000	98,796,000	106,306,000	90,525,000	97,855,000	92,245,000	90,220,000
accrued payroll and purchased transportation	169,390,000	194,910,000	213,761,000	202,969,000	178,632,000	194,875,000	190,830,000	183,858,000	153,996,000	164,884,000	183,450,000	159,066,000	154,471,000	171,381,000	200,871,000	245,679,000	237,909,000	217,084,000	227,016,000	191,906,000	182,106,000	160,888,000	154,025,000	109,398,000	112,396,000	110,065,000	116,610,000	112,949,000	118,063,000	126,464,000	132,937,000	126,388,000	117,002,000	107,017,000	86,213,000
accrued liabilities	55,849,000	66,638,000	58,337,000	72,865,000	76,025,000	64,100,000	207,143,000	197,801,000	224,749,000	220,350,000	228,465,000	81,766,000	81,952,000	81,528,000	98,513,000	124,072,000	188,008,000	128,536,000	134,002,000	87,637,000	143,168,000	88,894,000	112,189,000	95,863,000	87,480,000	175,222,000	162,913,000	154,197,000	167,813,000	151,500,000	153,437,000	155,249,000	187,859,000	186,076,000	213,313,000	142,405,000	163,033,000	132,712,000	132,918,000	116,708,000	111,458,000	97,313,000	105,370,000	114,171,000	110,947,000	100,329,000	120,018,000	127,177,000	119,053,000	110,745,000	123,985,000	99,972,000	105,022,000	96,439,000	110,585,000	100,083,000	103,063,000	112,635,000	104,044,000	111,872,000	80,455,000
claims accruals – current portion	267,702,000	246,882,000	268,831,000	247,566,000	247,191,000	249,953,000	336,010,000	358,553,000	350,030,000	480,200,000	442,014,000	366,238,000	342,530,000	311,822,000	271,111,000	240,021,000	223,382,000	206,607,000	200,159,000	169,093,000	174,678,000	174,928,000	174,136,000	168,012,000	158,962,000	150,805,000	146,990,000	153,768,000	155,394,000	160,044,000	165,490,000	152,243,000	154,190,000	147,285,000	147,922,000
finance lease liabilities and long-term debt – current portion	486,021,000	194,406,000	204,731,000	249,526,000	266,788,000	288,428,000	272,355,000	485,907,000	505,841,000	459,759,000	434,863,000	73,304,000	72,875,000	71,466,000	76,684,000	235,775,000	234,146,000	262,423,000	78,266,000	72,423,000	85,035,000	52,583,000	422,655,000	403,738,000	377,201,000	377,651,000	36,719,000	58,684,000	52,893,000
operating lease liabilities – current portion	124,228,000	127,538,000	107,952,000	111,091,000	120,343,000	120,715,000	129,938,000	123,396,000	124,840,000	144,921,000	142,543,000	41,565,000	39,409,000	36,961,000	35,618,000	37,787,000	33,822,000	35,322,000	35,464,000	32,785,000	37,577,000	47,496,000	57,088,000	65,741,000	75,224,000	80,101,000	88,371,000	98,904,000	109,158,000
total current liabilities	1,359,114,000	1,031,209,000	1,105,179,000	1,625,012,000	1,648,608,000	1,706,751,000	1,429,520,000	1,650,100,000	1,643,293,000	1,825,287,000	1,730,374,000	945,421,000	905,811,000	894,007,000	912,352,000	1,103,803,000	1,166,029,000	1,074,816,000	852,541,000	705,548,000	948,439,000	839,708,000	1,262,199,000	971,483,000	979,281,000	993,038,000	696,758,000	743,587,000	761,967,000	614,563,000	680,357,000	641,221,000	618,356,000	609,550,000	700,506,000	412,024,000	429,377,000	409,573,000	422,270,000	400,356,000	374,750,000	398,945,000	663,994,000	397,646,000	429,307,000	422,222,000	452,514,000	436,298,000	459,939,000	384,368,000	432,863,000	370,290,000	370,670,000	323,293,000	337,206,000	319,129,000	382,944,000	330,863,000	335,534,000	329,944,000	326,184,000
revolving line of credit	658,000,000	626,000,000	707,000,000	297,000,000	280,000,000	232,000,000	227,000,000	120,000,000	202,000,000	67,000,000	300,000,000	210,000,000		43,000,000	146,000,000	129,000,000	165,000,000	260,000,000	300,000,000	55,000,000	115,000,000	210,000,000	170,000,000	235,000,000	294,000,000	279,000,000	290,000,000	270,000,000	60,000,000	195,000,000	235,000,000	120,000,000	55,000,000	125,000,000	85,000,000		10,000,000	130,000,000	50,000,000	85,000,000	200,000,000	200,000,000	200,000,000			57,000,000	82,000,000	99,000,000		17,000,000	62,000,000
long-term debt – less current portion	706,023,000	1,027,793,000	1,052,969,000	1,392,325,000	1,412,548,000	1,445,313,000	1,501,565,000	1,173,121,000	1,193,602,000	1,223,021,000	1,261,711,000	1,265,204,000	1,016,261,000	1,024,668,000	1,028,014,000	1,028,617,000	1,029,159,000	1,037,552,000	1,238,022,000	299,219,000	299,063,000	298,907,000					364,766,000	364,707,000	364,649,000	364,590,000	364,531,000	364,473,000	364,411,000	364,771,000	399,719,000
finance lease liabilities – less current portion	475,534,000	502,042,000	479,883,000	415,895,000	440,520,000	457,303,000	466,863,000	434,405,000	375,666,000	407,150,000	320,270,000	333,009,000	335,582,000	344,377,000	348,594,000	327,320,000	277,839,000	256,166,000	208,556,000	165,644,000	127,341,000	138,243,000	87,253,000	48,179,000	55,679,000	57,383,000	59,048,000	66,027,000	68,215,000
operating lease liabilities – less current portion	212,925,000	207,788,000	209,788,000	230,369,000	259,315,000	274,549,000	310,584,000	326,752,000	342,320,000	371,407,000	394,921,000	153,765,000	153,336,000	149,992,000	121,028,000	123,274,000	103,161,000	107,614,000	69,401,000	60,958,000	62,549,000	69,852,000	67,067,000	76,266,000	89,683,000	96,160,000	111,568,000	129,680,000	151,634,000
claims accruals – less current portion	374,188,000	359,546,000	340,981,000	337,359,000	344,379,000	335,880,000	328,968,000	313,856,000	303,743,000	315,476,000	310,075,000	205,605,000	196,045,000	201,838,000	208,055,000	206,418,000	202,737,000	210,714,000	200,493,000	168,152,000	174,766,000	174,814,000	175,915,000	186,317,000	188,912,000	196,912,000	199,745,000	196,929,000	207,417,000	201,327,000	197,130,000	213,101,000	212,804,000	206,144,000	204,203,000
deferred tax liabilities	893,960,000	904,075,000	941,123,000	885,917,000	897,380,000	919,814,000	920,685,000	910,882,000	930,629,000	951,749,000	959,306,000	899,891,000	906,577,000	907,893,000	878,167,000	874,601,000	881,287,000	874,877,000	856,926,000	806,398,000	797,019,000	815,941,000	802,292,000	792,839,000	785,588,000	771,719,000	774,683,000	749,077,000	730,516,000	739,538,000	726,409,000	684,595,000	671,111,000	679,077,000	909,941,000
other long-term liabilities	203,693,000	205,117,000	205,540,000	206,640,000	200,517,000	210,117,000	114,469,000	118,817,000	111,828,000	79,086,000	72,142,000	5,313,000	10,197,000	12,049,000	9,895,000	11,994,000	11,112,000	11,828,000	45,175,000	45,115,000	45,960,000	48,497,000	55,387,000	38,515,000	25,055,000	14,455,000	15,641,000	16,873,000	17,476,000	23,294,000	24,200,000	25,665,000
total liabilities	4,883,437,000	4,863,570,000	5,497,663,000	5,390,517,000	5,483,267,000	5,581,727,000	5,758,565,000	5,499,972,000	5,556,648,000	5,766,684,000	5,710,480,000	4,356,849,000	3,907,410,000	3,996,385,000	3,930,754,000	4,083,621,000	4,114,863,000	4,112,050,000	4,049,542,000	2,584,406,000	2,570,137,000	2,595,962,000	2,620,113,000	2,513,439,000	2,597,999,000	2,613,429,000	2,716,932,000	2,681,564,000	2,536,519,000	2,449,166,000	2,535,880,000	2,357,357,000	2,346,894,000	2,443,072,000	2,749,552,000	1,875,548,000	1,955,412,000	2,073,411,000	2,141,985,000	2,164,279,000	2,260,564,000	2,305,308,000	2,361,904,000	2,336,918,000	2,362,318,000	2,467,288,000	2,429,753,000	2,467,298,000	2,517,763,000	2,525,421,000	2,629,591,000	2,338,724,000	2,383,197,000	2,402,067,000	2,432,913,000	2,440,579,000	2,503,726,000	2,498,178,000	2,577,310,000	2,565,448,000	2,651,066,000
commitments and contingencies
stockholders’ equity:
preferred stock, par value 0.01 per share...
common stock, par value 0.01 per share...	1,625,000	1,623,000	1,624,000	1,623,000	1,620,000	1,619,000	1,619,000	1,618,000	1,616,000	1,613,000	1,613,000	1,613,000	1,610,000	1,607,000	1,607,000	1,606,000	1,636,000	1,660,000	1,660,000	1,657,000	1,655,000	1,665,000	1,702,000	1,701,000	1,698,000	1,707,000	1,705,000	1,703,000	1,730,000
additional paid-in capital	4,489,172,000	4,480,725,000	4,473,069,000	4,464,204,000	4,454,631,000	4,446,726,000	4,439,029,000	4,439,489,000	4,430,736,000	4,426,852,000	4,418,981,000	4,412,069,000	4,401,276,000	4,392,266,000	4,382,895,000	4,372,916,000	4,360,889,000	4,350,913,000	4,344,894,000	4,325,915,000	4,309,792,000	4,301,424,000	4,294,504,000	4,287,293,000	4,275,834,000	4,269,043,000	4,263,039,000	4,254,297,000	4,248,188,000	4,242,369,000	4,236,923,000	4,232,672,000	4,225,661,000	4,219,214,000	4,212,609,000	695,276,000	688,234,000	701,065,000	690,317,000	699,576,000	725,049,000	754,589,000	795,600,000	791,776,000	786,455,000	781,124,000	772,908,000	769,400,000	764,958,000	759,408,000	756,620,000	903,626,000	899,503,000	896,575,000	895,976,000	894,754,000	893,318,000	890,735,000	890,066,000	887,497,000	822,140,000
accumulated other comprehensive loss	-376,000	-716,000	-184,000	-88,000		-442,000		-827,000	-868,000	-830,000	-664,000	-815,000	-1,346,000	-2,436,000	-2,554,000	-2,797,000	-935,000	-563,000	-878,000																											-2,336,000	-3,434,000	-4,443,000	-5,354,000	-6,162,000	-6,826,000	-7,342,000	-7,566,000	-7,894,000	-7,748,000	-7,824,000	-9,216,000	-13,410,000	-13,480,000	-15,396,000	-20,076,000
retained earnings	2,563,347,000	2,600,822,000	2,637,231,000	2,658,937,000	2,658,598,000	2,661,064,000	2,617,880,000	2,613,684,000	2,624,666,000	2,659,755,000	2,693,568,000	2,657,415,000	2,623,373,000	2,553,567,000	2,424,469,000	2,249,333,000	2,209,104,000	2,181,142,000	1,946,984,000	1,757,689,000	1,625,397,000	1,566,759,000	1,582,814,000	1,474,466,000	1,410,527,000	1,395,465,000	1,338,374,000	1,274,067,000	1,292,838,000	1,216,852,000	1,154,988,000	1,159,687,000	1,079,543,000	1,016,738,000	581,382,000	18,423,000
total knight-swift stockholders' equity	7,053,768,000	7,082,454,000	7,111,740,000	7,124,676,000	7,114,870,000	7,108,967,000	7,058,696,000	7,053,964,000	7,056,150,000	7,087,390,000	7,113,498,000	7,070,282,000	7,024,913,000	6,945,004,000	6,806,417,000	6,621,058,000	6,570,694,000	6,533,152,000	6,292,660,000	6,085,261,000	5,936,844,000	5,869,848,000	5,879,020,000	5,763,460,000	5,688,059,000	5,666,215,000	5,603,118,000	5,530,067,000	5,542,756,000	5,460,949,000	5,393,667,000	5,394,145,000	5,306,987,000	5,237,732,000	4,795,770,000
noncontrolling interest	9,551,000	9,412,000	9,320,000	8,242,000	7,935,000	7,838,000	7,520,000	16,389,000	16,072,000	16,691,000	16,303,000	10,761,000	10,681,000	10,277,000	10,196,000	10,199,000	10,249,000	10,298,000	12,780,000	12,792,000	12,494,000	2,192,000	2,228,000	2,129,000	2,265,000	2,088,000	2,175,000	1,953,000	1,867,000	1,770,000	2,519,000	2,239,000	2,205,000	2,638,000	2,486,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	202,000	202,000	202,000			202,000			202,000	102,000
total stockholders’ equity	7,063,319,000	7,091,866,000	7,121,060,000	7,132,918,000	7,122,805,000	7,116,805,000	7,066,216,000	7,070,353,000	7,072,222,000	7,104,081,000	7,129,801,000	7,081,043,000	7,035,594,000	6,955,281,000	6,816,613,000	6,631,257,000	6,580,943,000	6,543,450,000	6,305,440,000	6,098,053,000	5,949,338,000	5,872,040,000	5,881,248,000	5,765,589,000	5,690,324,000	5,668,303,000	5,605,293,000	5,532,020,000	5,544,623,000	5,462,719,000	5,396,186,000	5,396,384,000	5,309,192,000	5,240,370,000	4,798,256,000	715,140,000	681,794,000	672,255,000	612,239,000	608,587,000	606,937,000	617,127,000	612,270,000	572,094,000	514,605,000	470,294,000	402,484,000	347,808,000	302,253,000	283,587,000	234,834,000	304,001,000	256,710,000	230,111,000	182,807,000	132,293,000	95,766,000	45,989,000	14,300,000
total liabilities and stockholders’ equity	11,946,756,000	11,955,436,000	12,618,723,000	12,523,435,000	12,606,072,000	12,698,532,000	12,824,781,000	12,570,325,000	12,628,870,000	12,870,765,000	12,840,281,000	11,437,892,000	10,943,004,000	10,951,666,000	10,747,367,000	10,714,878,000	10,695,806,000	10,655,500,000	10,354,982,000	8,682,459,000	8,519,475,000	8,468,002,000	8,501,361,000	8,279,028,000	8,288,323,000	8,281,732,000	8,322,225,000	8,213,584,000	8,081,142,000	7,911,885,000	7,932,066,000	7,753,741,000	7,656,086,000	7,683,442,000	7,547,808,000	2,590,688,000	2,637,206,000	2,745,666,000	2,754,224,000	2,772,866,000	2,867,501,000	2,922,435,000	2,974,174,000	2,909,012,000	2,876,923,000	2,937,582,000	2,832,237,000	2,815,106,000	2,820,016,000	2,809,008,000	2,864,425,000	2,642,725,000	2,639,907,000	2,632,178,000	2,615,720,000	2,572,872,000	2,599,492,000	2,544,167,000	2,591,610,000
property and equipment:
revenue equipment		5,567,718,000				5,356,602,000				5,154,593,000				4,429,117,000				3,994,519,000				3,417,194,000				3,007,774,000				2,617,989,000			2,217,814,000	2,197,158,000	2,050,343,000
land and land improvements		456,186,000				460,629,000				426,635,000				376,552,000				326,731,000				236,517,000				228,546,000				227,581,000			219,726,000	216,676,000	216,509,000
buildings and building improvements		1,017,448,000				976,354,000				861,194,000				726,424,000				639,990,000				458,464,000				406,105,000				375,435,000			356,508,000	357,409,000	357,357,000
furniture and fixtures		201,497,000				172,470,000				156,911,000				131,886,000				97,102,000				69,250,000				61,567,000				51,619,000			50,659,000	43,131,000	40,093,000
shop and service equipment		95,050,000				99,266,000				84,049,000				59,817,000				46,640,000				29,033,000				26,417,000				22,771,000			23,221,000	22,864,000	22,437,000
leasehold improvements		42,157,000				39,193,000				37,228,000				16,587,000				13,915,000				12,890,000				12,330,000				10,549,000			9,991,000	9,905,000	9,529,000
accounts receivable securitization – current portion				439,128,000	434,056,000	458,983,000															198,957,000	213,918,000	201,878,000
accounts receivable securitization			455,200,000				458,911,000	452,039,000	453,567,000	526,508,000	361,681,000	338,641,000	383,601,000	418,561,000	278,649,000	278,594,000								164,840,000	179,801,000	204,762,000	204,723,000	144,684,000	174,645,000	239,606,000	234,567,000	215,000,000	280,000,000	305,000,000	285,000,000	294,464,000	304,374,000	279,285,000	299,196,000	299,106,000	224,017,000	225,000,000
accumulated other comprehensive income					21,000		168,000																																		81,000	81,000	81,000	12,000	-1,199,000
restricted investments, held-to-maturity, amortized cost										530,000	1,028,000	3,082,000	4,076,000	7,175,000	7,827,000	7,856,000	8,302,000	5,866,000	7,140,000	8,589,000	8,954,000	9,001,000	9,052,000	8,272,000	8,836,000	8,912,000	10,034,000	10,277,000	11,640,000		20,511,000
acquisition escrow												444,657,000
liabilities and stockholders' equity
accounts receivable securitization – less current portion																	278,539,000	278,483,000	278,428,000	278,372,000
total property and equipment																		5,118,897,000				4,223,348,000				3,742,739,000				3,305,944,000			2,877,919,000	2,847,143,000	2,696,268,000	2,745,228,000	2,755,004,000	2,793,491,000	2,754,487,000	2,705,120,000	2,735,688,000	2,779,599,000	2,771,571,000	2,664,574,000	2,586,256,000	2,520,435,000	2,430,583,000	2,400,832,000	2,420,292,000	2,370,472,000	2,447,733,000	2,265,371,000	2,189,231,000	2,131,617,000	2,115,848,000	2,104,007,000	2,074,859,000	2,039,812,000	2,048,398,000	2,014,741,000	2,000,135,000
operating lease right-of-use assets																							119,350,000	136,953,000	159,283,000		192,504,000	221,026,000	252,900,000
cash and cash equivalents — restricted																														46,888,000			55,616,000	73,657,000				57,046,000
restricted investments, held to maturity, amortized cost																														17,413,000		21,498,000	22,281,000	22,232,000	22,303,000	22,025,000	22,859,000	22,717,000	22,864,000	22,766,000	23,171,000	23,215,000	23,134,000	18,284,000	18,286,000	24,510,000	25,091,000	25,666,000	25,832,000	25,814,000	24,175,000	26,955,000	29,328,000
capital lease obligations and long-term debt – current portion																														58,672,000	63,555,000	65,876,000
capital lease obligations – less current portion																														71,248,000	73,686,000	93,302,000	120,747,000	127,132,000	135,540,000
as of december 31, 2018, common stock, par value 0.01 per share...																														1,728,000
as of december 31, 2017, class b common stock, par value 0.01 per share...
as of september 30, 2018, common stock, par value 0.01 per share...																															1,756,000
as of june 30, 2018, common stock, par value 0.01 per share...																																1,786,000
equipment sales receivables																																	1,197,000	8,925,000	709,000
notes receivable																																	4,059,000	4,742,000	5,984,000
notes receivable, long-term																																	11,496,000	11,060,000	12,659,000
other long-term assets, restricted cash, and investments																																	39,730,000	36,184,000
long-term debt – current portion																																	441,000	30,000	30,000
capital lease obligations – current portion																																	46,279,000	48,972,000	54,561,000
dividend payable – current portion																																	277,000	303,000	299,000
long-term dividend payable and other long-term liabilities																																	24,465,000	26,398,000	29,643,000
class a common stock, par value 0.01 per share...																																	1,783,000	1,780,000	1,779,000	842,000	835,000	833,000	826,000	837,000	849,000	878,000	919,000	917,000	914,000	911,000	906,000	905,000	886,000	883,000	880,000	876,000	873,000	871,000	870,000	870,000	870,000	794,000	794,000	794,000	733,000
class b common stock, par value 0.01 per share...																																				497,000	497,000	497,000	497,000	497,000	510,000	510,000	510,000	510,000	510,000	510,000	510,000	510,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	525,000	601,000	601,000	601,000	601,000
assets:
cash and cash equivalents - restricted																																			62,685,000
other long-term assets, restricted cash and investments																																			35,866,000
liabilities and stockholders' equity:
accounts receivable																																				401,261,000	396,251,000	408,593,000	403,895,000	417,422,000	408,769,000	422,421,000	448,323,000	451,799,000	452,757,000	478,999,000	454,188,000	460,358,000	454,709,000	418,436,000	413,077,000	360,730,000	358,306,000	338,724,000	360,324,000	348,889,000	339,191,000	334,504,000	332,312,000	314,666,000	276,879,000
equipment sales receivable																																				444,000	2,243,000			1,197,000	6,710,000				689,000	288,000	878,000	436,000	7,276,000	368,000		815,000	2,629,000	563,000	4,644,000	1,755,000	734,000
income tax refund receivable																																				2,766,000	272,000	206,000	9,987,000	167,000	3,553,000	11,664,000	17,369,000	4,399,000	4,233,000	18,455,000	5,340,000	4,314,000	11,854,000	23,704,000	25,754,000	8,424,000	12,258,000	10,046,000	15,086,000	2,317,000	1,726,000	6,267,000	8,633,000	5,988,000	5,059,000
inventories and supplies																																				16,699,000	16,663,000	16,630,000	16,264,000	15,838,000	18,478,000	18,426,000	19,094,000	18,633,000	18,074,000	18,992,000	20,736,000	20,764,000	17,776,000	18,430,000	18,149,000	15,744,000	16,095,000	15,678,000	18,356,000	17,812,000	22,441,000	17,552,000	17,916,000	11,731,000	9,882,000
prepaid taxes, licenses, insurance, and other																																				45,796,000	48,557,000	47,038,000	50,669,000	46,996,000
current portion of notes receivable																																				5,805,000	6,414,000	6,961,000	7,668,000	8,316,000	9,425,000	9,817,000	9,523,000	9,093,000	8,730,000	9,202,000	9,144,000	9,001,000	8,419,000	7,210,000	6,389,000	4,692,000	4,926,000	4,957,000	5,263,000	5,051,000	5,766,000			10,403,000	8,122,000
property and equipment, at cost:
revenue and service equipment																																				2,214,224,000	2,229,531,000	2,266,137,000	2,233,507,000	2,190,088,000	2,229,163,000	2,278,618,000	2,279,852,000	2,194,255,000	2,120,927,000	2,061,835,000	1,983,177,000	1,955,516,000	1,983,607,000	1,942,423,000	2,008,793,000	1,864,475,000	1,794,258,000	1,740,456,000	1,712,464,000	1,703,760,000	1,676,849,000	1,639,336,000	1,648,280,000	1,616,782,000	1,600,025,000
land																																				132,335,000	132,335,000	132,084,000	131,693,000	131,693,000	131,693,000	131,693,000	127,865,000	127,865,000	122,835,000	122,835,000	117,183,000	116,973,000	116,973,000	117,929,000	124,971,000	115,672,000	112,587,000	112,587,000	125,788,000	125,788,000	125,788,000	133,711,000	136,043,000	136,043,000	141,474,000
facilities and improvements																																				288,626,000	283,949,000	281,390,000	278,291,000	276,664,000	271,408,000	269,769,000	270,041,000	263,645,000	273,567,000	268,025,000	267,484,000	262,157,000	256,719,000	248,724,000	254,933,000	237,527,000	235,620,000	234,996,000	234,251,000	231,044,000	230,359,000	228,600,000	227,758,000	227,473,000	224,976,000
furniture and office equipment																																				110,043,000	109,189,000	113,880,000	110,996,000	106,675,000	103,424,000	99,519,000	93,813,000	78,809,000	68,927,000	67,740,000	62,739,000	66,186,000	62,993,000	61,396,000	59,036,000	47,697,000	46,766,000	43,578,000	43,345,000	43,415,000	41,863,000	38,165,000	36,317,000	34,443,000	33,660,000
net property and equipment																																				1,458,572,000	1,483,031,000	1,548,601,000	1,553,874,000	1,528,558,000	1,582,845,000	1,651,100,000	1,678,584,000	1,614,600,000	1,569,196,000	1,542,130,000	1,483,943,000	1,450,352,000	1,468,771,000	1,447,807,000	1,505,087,000	1,400,468,000	1,338,205,000	1,311,814,000	1,311,062,000	1,301,660,000	1,287,695,000	1,291,987,000	1,317,835,000	1,315,399,000	1,339,638,000
other assets																																				22,636,000	23,511,000	21,953,000	22,664,000	22,836,000	24,573,000	29,353,000	29,597,000	34,928,000	37,957,000	41,855,000	47,038,000	50,735,000	50,926,000	57,166,000	57,031,000	50,700,000	52,188,000	59,010,000	68,814,000	70,765,000	66,398,000	70,445,000	66,497,000	53,618,000	59,049,000
current portion of claims accruals																																				87,275,000	86,191,000	80,866,000	78,478,000	85,565,000	75,850,000	84,429,000	79,103,000	74,465,000	73,429,000	81,251,000	82,809,000	75,578,000	80,645,000	75,469,000	88,843,000	80,567,000	79,725,000	74,070,000	70,827,000	71,828,000	75,730,000	70,814,000	75,021,000	81,227,000	86,553,000
current portion of long-term debt																																				3,419,000	5,946,000	8,459,000	799,000	4,529,000	15,543,000	35,582,000	29,747,000	30,860,000	32,581,000	31,445,000
current portion of capital lease obligations																																				45,194,000	60,060,000	72,473,000	71,988,000	72,438,000	53,294,000	59,794,000	63,223,000	52,499,000	45,891,000	42,902,000
long-term debt, less current portion																																				449,268,000	470,932,000	493,346,000	593,263,000	593,516,000	631,620,000	645,290,000	652,498,000	858,879,000	867,042,000	871,615,000
capital lease obligations, less current portion																																				143,648,000	151,468,000	161,463,000	176,871,000	178,127,000	210,612,000	222,001,000	232,398,000	203,447,000	153,786,000	158,104,000
claims accruals, less current portion																																				173,269,000	174,662,000	165,726,000	155,317,000	160,968,000	158,889,000	149,281,000	151,980,000	148,559,000	152,732,000	143,693,000	143,254,000	135,878,000	125,729,000	118,582,000	105,492,000	105,232,000	103,647,000	98,919,000	105,289,000	104,596,000	103,307,000	109,037,000	110,433,000	137,253,000	135,596,000
deferred income taxes																																				398,083,000	408,795,000	427,722,000	438,369,000	445,742,000	459,437,000	463,832,000	30,993,000	39,348,000	35,276,000	44,861,000	42,281,000	41,591,000	39,758,000	46,833,000	63,749,000	45,688,000	94,101,000	98,235,000	61,568,000	64,447,000	84,961,000	29,475,000	27,798,000	28,721,000	30,741,000
other liabilities																																				4,792,000	5,804,000	6,296,000	6,699,000	1,464,000	1,239,000	959,000	530,000	181,000	32,000	14,000	21,000	2,358,000	2,665,000	3,457,000	3,133,000							4,131,000	4,133,000	6,201,000	6,207,000
accumulated deficit																																					-7,874,000	-30,242,000	-79,503,000	-92,425,000	-119,654,000	-139,033,000	-184,942,000	-221,223,000	-272,177,000	-310,017,000	-368,508,000	-418,666,000	-458,864,000	-471,169,000	-516,467,000	-593,886,000	-636,827,000	-660,168,000	-707,018,000	-756,234,000	-789,933,000	-832,933,000	-863,883,000	-883,466,000	-886,671,000
restricted cash																																									57,356,000	55,241,000	58,453,000	64,309,000	61,692,000	45,621,000	51,511,000	52,815,000	47,012,000	50,833,000	50,376,000	42,694,000	45,467,000	51,678,000	54,832,000	57,168,000	61,006,000	74,574,000	96,294,000	85,078,000	84,568,000
prepaid taxes, licenses, insurance and other																																									48,034,000	48,149,000	53,724,000	47,137,000	48,874,000	51,441,000	58,647,000	55,256,000	57,397,000	63,958,000	65,106,000	47,143,000	49,034,000	47,241,000	48,231,000	44,350,000	50,036,000	44,243,000	43,184,000	44,128,000	40,709,000
fair value of interest rate swaps																																												2,213,000	4,233,000													8,830,000	3,412,000
current portion of accounts receivable securitization																																											250,000,000
accounts receivable securitization, less current portion
securitization of accounts receivable																																												264,000,000	294,000,000	334,000,000	315,000,000	319,000,000	259,000,000	264,000,000	260,000,000	165,000,000	204,000,000	204,000,000	204,000,000	203,000,000	163,000,000	180,000,000	176,000,000	136,000,000	171,500,000
contingencies
fair value of guarantees																																																		366,000	366,000	366,000	366,000	366,000	1,195,000	1,195,000	1,195,000	2,886,000	2,886,000	2,886,000	2,886,000
current portion of fair value of interest rate swaps																																														6,109,000
fair value of interest rate swaps, less current portion																																																3,640,000	5,435,000	7,050,000	7,532,000	8,804,000	10,637,000	11,159,000	11,780,000	11,797,000	11,000,000
current portion of long-term debt and obligations under capital leases																																															76,138,000	85,962,000	80,619,000	75,056,000	62,273,000	62,810,000	59,182,000	47,495,000	41,102,000	46,854,000	96,650,000	54,003,000	55,728,000	41,714,000	66,070,000
current portion of interest rate swaps																																															7,815,000	5,692,000	5,225,000	4,718,000	4,921,000	3,993,000	2,637,000	1,853,000	993,000	373,000
long-term debt and obligations under capital leases, less current portion																																															988,724,000	1,016,625,000	1,195,305,000	1,246,764,000	1,286,307,000	1,263,682,000	1,242,832,000	1,323,539,000	1,389,768,000	1,408,123,000
central stockholders' loans receivable, pre-acquisition
restricted fixed maturity securities, held to maturity, amortized cost																																																						22,275,000
fixed maturity securities, held to maturity, amortized cost-restricted																																																							18,216,000	14,612,000	11,086,000
noncontrolling interests																																																							202,000	202,000		202,000	202,000
long-term debt and obligations under capital leases																																																									1,446,387,000	1,533,711,000	1,632,732,000	1,652,095,000	1,708,030,000
insurance claims receivable																																																												34,892,000	34,892,000
stockholders’ equity
liabilities and stockholders’ deficit
stockholders’ deficit:
total stockholders’ deficit																																																												-9,768,000	-83,171,000
total liabilities and stockholders’ deficit																																																												2,555,680,000	2,567,895,000
operating revenue																																																												758,889,000	2,929,723,000
operating expenses:
salaries, wages and employee benefits																																																												195,476,000	763,962,000
operating supplies and expenses																																																												57,104,000	217,965,000
fuel																																																												150,281,000	468,504,000
purchased transportation																																																												194,037,000	771,333,000
rental expense																																																												17,989,000	76,540,000
insurance and claims																																																												22,725,000	87,411,000
depreciation and amortization of property and equipment																																																												50,358,000	206,279,000
amortization of intangibles																																																												4,727,000	20,472,000
impairments																																																													1,274,000
gain on disposal of property and equipment																																																												-2,255,000	-8,287,000
communication and utilities																																																												6,460,000	25,027,000
operating taxes and licenses																																																												15,258,000	56,188,000
total operating expenses																																																												712,160,000	2,686,668,000
operating income																																																												46,729,000	243,055,000
other incomes:
interest expense																																																												37,501,000	251,129,000
derivative interest expense																																																												4,680,000	70,399,000
interest income																																																												-467,000	-1,379,000
other																																																												-511,000	-3,710,000
total other incomes																																																												41,203,000	411,900,000
income before income taxes																																																												5,526,000	-168,845,000
income tax benefit																																																												2,321,000
net income																																																												3,205,000	-125,413,000
basic earnings per share																																																												20
diluted earnings per share																																																												20
shares used in per share calculations
basic																																																												138,127,000
diluted																																																												138,900,000
retained interest in accounts receivable
pre-reorganization common stock, par value 0.001 par value per share...
stockholder loans receivable
loss on debt extinguishment																																																													95,461,000
income tax (benefit) expense																																																													-43,432,000
basic and diluted loss per share																																																													-1,980
shares used in per share calculation																																																													63,339,000
pro forma c corporation data:
historical income before income taxes
pro forma benefit for income taxes
pro forma net income
pro forma basic and diluted loss per share

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31

cash flows from operating activities:
net income	-1,413,000	72,492,000	64,160,000	30,229,000	46,959,000	16,900,000	-2,993,000	226,514,000	166,617,000	103,713,000	622,522,000	427,730,000	208,288,000	129,843,000	65,783,000	88,183,000	268,704,000	162,360,000	70,732,000	5,207,000	50,442,000	24,024,000	42,896,000	31,905,000	72,502,000	36,281,000	50,954,000	37,840,000	58,491,000	50,158,000	40,198,000	12,305,000	45,298,000	43,842,000	42,941,000	23,341,000	46,850,000	27,852,000	33,699,000	6,188,000	30,950,000	19,583,000	3,205,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization of property, equipment, and intangibles	195,711,000	590,791,000	392,509,000	196,725,000	595,322,000	397,802,000	200,408,000	540,555,000	345,035,000	172,149,000	491,524,000	324,907,000	161,210,000	131,664,000	121,695,000	111,630,000	319,210,000	210,807,000	104,372,000	71,973,000	72,453,000	71,449,000
gain on sale of property and equipment	-7,898,000	-54,680,000	-33,784,000	-15,542,000	-21,839,000	-12,604,000	-6,651,000	-46,628,000	-35,180,000	-20,879,000	-73,373,000	-57,808,000	-34,801,000	-10,537,000	-3,005,000	-11,786,000	-26,857,000	-15,812,000
impairments	882,000	45,417,000	10,612,000	28,000	10,867,000	9,859,000	3,982,000				810,000	810,000	810,000		902,000										0	0	0	1,480,000	0
deferred income taxes	-10,115,000	21,309,000	-33,897,000	-22,434,000	-21,569,000	-30,970,000	-13,673,000	9,587,000	-8,002,000	-1,316,000	1,126,000	-2,439,000	4,246,000	-18,920,000	15,330,000	-9,603,000	48,045,000	6,558,000	-10,323,000	-19,196,000	-10,409,000	-7,431,000	-13,766,000	-4,473,000	34,582,000	4,530,000	-6,290,000	-6,346,000	29,140,000	-7,582,000	-17,596,000	-7,942,000	37,595,000	27,964,000	22,314,000	14,417,000	19,709,000	13,897,000	17,812,000	-5,712,000	16,967,000	13,359,000	2,426,000
non-cash lease expense	41,643,000	120,998,000	77,327,000	36,587,000	137,768,000	82,263,000	46,885,000	68,778,000	22,138,000	10,651,000	30,973,000	19,795,000	9,490,000	15,589,000	24,202,000	27,626,000
gain on equity securities	-109,000		-177,000	-121,000		-288,000	-110,000
other adjustments to reconcile net income to net cash from operating activities	13,412,000	31,380,000	12,204,000	2,618,000	-3,684,000	1,324,000	1,929,000	46,224,000	36,277,000	14,777,000	32,545,000	25,603,000	32,229,000	-6,522,000	14,065,000	-2,762,000	930,000	-660,000
increase in cash resulting from changes in:
trade receivables	-123,809,000	-69,755,000	-53,883,000	-67,280,000	39,612,000	32,115,000	17,995,000	84,149,000	126,429,000	35,614,000	-44,043,000	-103,740,000	-28,007,000	-11,586,000	-5,268,000	62,362,000	-17,191,000	9,024,000
income tax receivable	9,734,000	-42,116,000	9,244,000	23,737,000	19,624,000	26,549,000	7,542,000	-1,237,000	41,671,000	28,753,000	-14,191,000	-5,971,000	692,000	2,872,000	4,380,000	5,544,000	13,878,000	25,078,000	28,273,000
accounts payable	39,448,000	-86,406,000	-63,469,000	-28,559,000	-57,066,000	-39,647,000	-25,564,000	-10,495,000	5,072,000	11,960,000	14,259,000	2,060,000	22,074,000	12,534,000	31,084,000	-1,811,000	-10,528,000	-14,513,000	-12,182,000
accrued liabilities and claims accrual	23,542,000	18,823,000	-128,000	-9,135,000	-135,189,000	-132,943,000	-148,098,000	26,599,000	46,408,000	8,194,000	19,207,000	50,822,000	89,289,000	70,975,000	-93,193,000	14,250,000	-5,434,000	-6,263,000	16,145,000
operating lease liabilities	-41,417,000	-118,823,000	-75,366,000	-35,457,000	-146,973,000	-91,427,000	-54,270,000	-68,140,000	-22,187,000	-10,489,000	-30,755,000	-19,772,000	-9,267,000	-15,174,000	-25,414,000	-27,403,000
other assets and liabilities	2,929,000	14,725,000	20,577,000	-1,967,000	49,347,000	51,767,000	9,893,000	-304,000	-218,000	-6,604,000	-2,442,000	7,050,000	607,000	5,375,000	4,782,000	-12,778,000	-10,112,000	-667,000
net cash from operating activities	142,540,000	543,431,000	325,929,000	109,429,000	524,741,000	310,700,000	37,275,000	873,502,000	722,190,000	345,159,000	1,099,195,000	719,984,000	456,860,000	306,113,000	155,343,000	243,452,000	580,645,000	375,912,000	208,864,000	118,898,000	137,479,000	84,817,000	112,285,000	131,731,000	212,276,000	109,019,000	120,046,000	128,157,000	102,968,000	109,330,000	107,326,000	76,157,000	117,641,000	135,520,000	123,454,000	96,889,000	147,310,000	93,396,000	95,678,000	70,172,000	95,008,000	62,338,000	59,875,000
cash flows from investing activities:
proceeds from sale of property and equipment, including assets held for sale	44,434,000	234,234,000	158,366,000	82,610,000	183,589,000	114,033,000	50,605,000	214,234,000	98,755,000	59,345,000	139,545,000	104,239,000	60,532,000	67,175,000	33,756,000	56,661,000	150,596,000	99,028,000	49,423,000
purchases of property and equipment	-130,037,000	-641,573,000	-330,614,000	-122,048,000	-592,081,000	-372,661,000	-191,905,000	-852,677,000	-517,856,000	-260,339,000	-496,237,000	-295,522,000	-164,974,000	-111,020,000	-109,431,000	-105,780,000	-502,738,000	-220,414,000	-56,466,000
expenditures on assets held for sale		-855,000	-716,000	-334,000	-312,000	-79,000	-32,000	-785,000	-634,000	-360,000	-499,000	-449,000	-43,000	-401,000	-352,000	-4,271,000	-25,426,000	-19,497,000	-6,474,000	-4,355,000	-6,243,000	-12,281,000	-5,543,000	-6,960,000	-6,160,000	-8,316,000	-9,148,000	-2,313,000	-1,153,000	-909,000	-470,000	-1,521,000	-973,000	-15,828,000	-781,000	-833,000	-6,105,000	-3,712,000	-504,000	-1,719,000	-1,106,000	-1,902,000	-3,085,000
acquisition of leased assets		-10,425,000	-10,425,000	-10,425,000
other cash flows from investing activities	2,025,000	-5,891,000	-6,228,000	-4,022,000	-25,255,000	-664,000	1,055,000	5,896,000	155,000	1,229,000	1,944,000	-9,190,000	-1,920,000	9,398,000	-2,793,000	2,925,000	10,074,000	9,248,000
net cash from investing activities	-83,578,000	-424,510,000	-189,617,000	-54,219,000	-619,020,000	-258,841,000	-139,747,000	-1,088,030,000	-415,990,000	-197,305,000	-358,626,000	-204,306,000	-110,187,000	-74,141,000	-125,582,000	-44,721,000	-467,495,000	-232,564,000	-110,651,000	-5,154,000	-71,890,000	-56,572,000	8,405,000	-2,550,000	-37,589,000	-68,032,000	-79,572,000	-56,614,000	-66,311,000	-27,587,000	-20,649,000	-25,203,000	-36,086,000	-188,654,000	-61,046,000	-25,934,000	-65,660,000	-41,736,000	-53,834,000	-11,269,000	-1,571,000	-69,949,000	-31,549,000
cash flows from financing activities:
repayments of finance leases and long-term debt	-56,942,000	-1,561,267,000	-148,948,000	-71,518,000	-214,881,000	-100,147,000	-58,781,000	-81,354,000	-38,148,000
borrowings on revolving lines of credit	62,000,000	907,000,000	165,000,000	118,000,000	160,000,000	53,000,000											110,000,000
repayments on revolving lines of credit	-30,000,000	-432,000,000	-100,000,000	-70,000,000						-43,000,000	-114,000,000	-131,000,000	-95,000,000					-5,000,000
borrowings under accounts receivable securitization		46,000,000	30,000,000	10,000,000	28,800,000	22,000,000	12,000,000	25,000,000								25,000,000	35,000,000	15,000,000		25,000,000	5,000,000	0			10,000,000	40,000,000	15,000,000	10,000,000	19,000,000	5,000,000			4,000,000	100,000,000	24,000,000	56,000,000	44,000,000	37,000,000	85,000,000	89,000,000	78,000,000	64,000,000	22,000,000
repayments of accounts receivable securitization		-50,000,000	-50,000,000	-35,000,000	-96,600,000	-96,600,000	-85,000,000	-82,000,000	-80,000,000
proceeds from common stock issued	1,010,000	4,422,000	3,409,000	1,066,000	4,177,000	3,108,000	953,000	4,200,000	3,222,000	1,086,000	6,111,000	5,057,000	1,220,000	2,709,000	3,257,000	2,941,000	12,369,000	10,934,000		1,888,000	8,339,000	2,449,000	2,270,000	1,411,000	500,000	2,352,000	2,636,000	2,679,000
dividends paid	-32,688,000	-88,214,000	-58,985,000	-29,313,000	-78,256,000	-52,342,000	-25,909,000	-68,550,000	-45,940,000	-22,983,000	-59,011,000	-39,721,000	-20,137,000	-13,624,000	-13,964,000	-10,672,000	-32,287,000	-21,731,000
other cash flows from financing activities	-11,504,000	-15,078,000	-2,062,000	462,000	-7,735,000	-11,307,000	-486,000	-18,206,000	-19,510,000	-11,748,000	-31,104,000	-20,316,000	-15,608,000	-4,190,000	-2,050,000	-1,662,000	-4,270,000	-3,601,000
net cash from financing activities	-68,124,000	-189,137,000	-161,586,000	-76,303,000	-54,495,000	-182,288,000	-22,223,000	286,090,000	236,624,000	-134,591,000	-748,829,000	-552,361,000	-323,249,000	-185,366,000	-71,885,000	-217,784,000	-123,497,000	-126,769,000		-141,365,000	-47,456,000	-75,119,000	-145,282,000	-94,047,000	-120,803,000	-40,932,000	-55,559,000	-107,939,000	-1,821,000	-84,975,000	-59,247,000	-64,034,000	-73,806,000	61,053,000	-57,644,000	-85,805,000	-71,375,000	-43,854,000	-54,013,000	-93,303,000	-97,916,000	30,718,000	-54,271,000
net decrease in cash, restricted cash, and equivalents	-9,162,000	-70,216,000	-25,274,000	-21,093,000											-42,124,000	-19,053,000
cash, restricted cash, and equivalents at beginning of period	308,740,000	370,230,000	370,230,000	370,230,000	469,686,000	469,686,000	469,686,000	385,345,000	385,345,000	385,345,000	350,023,000	350,023,000	350,023,000	197,277,000	202,228,000	130,976,000	151,733,000	151,733,000
cash, restricted cash, and equivalents at end of period	299,578,000	300,014,000	344,956,000	349,137,000	320,912,000	339,257,000	344,991,000	456,907,000	928,169,000	398,608,000	341,763,000	313,340,000	373,447,000	243,883,000	160,104,000	111,923,000	141,386,000	168,312,000
loss on equity securities		-724,000			11,562,000			-2,100,000	-1,870,000		51,033,000	50,937,000
proceeds from maturities of held-to-maturity investments					530,000	530,000	530,000	3,620,000	3,620,000	3,620,000	7,506,000	4,306,000	1,881,000	500,000	4,350,000	8,315,000	20,625,000	18,218,000	5,532,000
purchases of held-to-maturity investments								-30,000	-30,000	-525,000	-9,594,000	-6,399,000	-4,372,000	-512,000	-4,301,000	-2,571,000	-18,933,000	-17,454,000	-5,422,000
net cash, restricted cash, and equivalents invested in acquisitions					-185,491,000			-458,288,000		-275,000	-1,291,000	-1,291,000	-1,291,000	-39,281,000
proceeds from long-term debt		1,000,000,000			150,000,000			250,000,000	250,000,000																0	680,000,000	0	4,504,000	450,000,000	0			-1,000	18,740,000	4,328,000	3,200,000	0	0
net increase in cash, restricted cash, and equivalents					-148,774,000	-130,429,000	-124,695,000	71,562,000	542,824,000	13,263,000	-8,260,000	-36,683,000	23,424,000	46,606,000			-10,347,000	16,579,000
repurchases of the company's common stock											-299,941,000	-299,941,000	-144,881,000	-53,661,000	-34,630,000
borrowings (repayments) on revolving lines of credit							135,000,000	257,000,000	167,000,000
non-cash adjustment to fair value of convertible note
investment in convertible note
(gain) loss on equity securities										-1,364,000
repayment of finance leases and long-term debt										-22,946,000	-250,884,000	-66,440,000	-48,843,000	-6,600,000	-14,498,000
repayment of accounts receivable securitization										-35,000,000				-15,000,000	-25,000,000	-90,000,000	-105,000,000	-105,000,000			-25,000,000	0			-35,000,000	-54,000,000	-45,000,000	-50,000,000	0	-9,000,000	-35,000,000	-5,000,000	0	-5,000,000	-63,000,000	-56,000,000	-44,000,000	-36,000,000	-45,000,000	-106,000,000	-74,000,000	-24,000,000	-57,500,000
(repayments) borrowings on revolving lines of credit														-95,000,000
investment in convertible notes
proceeds from maturities and sales of held-to-maturity investments
net cash and equivalents invested in acquisitions															-46,811,000
(repayments) borrowings on revolving line of credit
borrowings (repayments) on revolving line of credit															15,000,000
net cash, restricted cash, and equivalents (invested in) acquired from 2017 merger and other acquisitions
borrowings on revolving line of credit
net cash, restricted cash, and equivalents invested in acquisition
repayment of long-term debt and finance leases																-8,391,000
repayments on revolving line of credit																-135,000,000
net cash, restricted cash, and equivalents (invested in) acquired from merger and acquisitions
repayment of long-term debt and capital leases																	-39,309,000	-17,371,000		-47,427,000	-115,704,000	-18,597,000	-61,993,000	-50,535,000	-25,255,000	-905,784,000	-29,483,000	-19,294,000	-452,540,000	-64,702,000	-660,860,000	-46,526,000	-36,898,000	-84,018,000	-25,339,000	-90,133,000	-71,460,000	-43,708,000	-100,910,000	-70,523,000	-101,518,000	-6,107,000	-81,765,000
payments to repurchase company's common stock																	-100,000,000
net cash, restricted cash, and equivalents (invested in) acquired from mergers and acquisitions																	-101,693,000
abilene acquisition, net of cash acquired																		-101,693,000
amortization of debt issuance costs and other																			163,000
gain on sale of equipment																			-7,096,000
reduction of allowance for doubtful accounts and notes receivable																			-1,691,000
stock-based compensation expense																			1,989,000	2,673,000	1,326,000	1,150,000	2,124,000	1,417,000
income from investment in transportation resource partners																			-813,000
transportation resource partners impairment
trade and equipment sales receivables																			22,285,000
other current assets																			747,000
prepaid expenses																			-2,324,000
other long-term assets																			-1,413,000
proceeds from notes receivable																			1,372,000
payments received on equipment sale receivables																			220,000						-5,000	281,000	-340,000	352,000	0	-17,000	-84,000	469,000	184,000	622,000	48,000	596,000	62,000	84,000	30,000	5,466,000
return of investment from transportation resource partners																			2,733,000
cash proceeds from transportation resource partners
investment in abilene, net of cash acquired																			-101,569,000
see accompanying notes to condensed consolidated financial statements (unaudited).
condensed consolidated statements of cash flows (unaudited) — continued
earn-out on sold investment
gain from available-for-sale securities
benefit from doubtful accounts and notes receivable
non-cash compensation expense for issuance of common stock to certain members of the board of directors
excess tax benefits from stock-based compensation																								-77,000	53,000	260,000	-1,288,000	-1,172,000
trade receivables and equipment sales receivable
increase in cash and cash equivalents — restricted
proceeds from sale of available-for-sale securities
cash payments to transportation resource partners
investment in barr-nunn transportation
cash and cash equivalents received with 2017 merger
see accompanying notes to consolidated financial statements.
repayments on knight revolver
borrowings on revolver
payment of deferred loan costs																									-995,000				1,000	-1,243,000			0	0	-926,000	-1,257,000	0	-14,000	-3,077,000	-5,932,000	-286,000
share withholding for taxes due on equity awards																				-826,000
cash distribution to noncontrolling interest holder
net increase in cash and cash equivalents																				-27,621,000			-24,592,000	35,134,000	53,884,000	55,000			34,836,000	-3,232,000
cash and cash equivalents at beginning of period																				89,391,000	0	0	0	107,590,000	0	0	0	105,132,000	0	0	0	59,178,000	0	0	0	53,596,000	0	0	0	82,084,000	0	0	47,494,000
cash and cash equivalents at end of period																				61,770,000	18,133,000	-46,874,000	-24,592,000	142,724,000	53,884,000	55,000	-15,085,000	68,736,000	34,836,000	-3,232,000	27,430,000	46,098,000	7,749,000	7,919,000	4,764,000	38,746,000	10,275,000	7,806,000	-12,169,000	47,684,000	-4,479,000	23,107,000	21,549,000
depreciation and amortization of property, equipment and intangibles																								71,155,000	71,744,000	71,056,000	64,618,000	61,131,000	59,990,000	58,573,000	58,994,000	60,379,000	60,207,000	71,349,000	56,730,000	54,536,000		53,491,000	54,604,000	54,697,000	55,567,000	56,170,000	55,085,000
amortization of debt issuance costs, and other																				336,000
income from investment in trp partnerships
decrease (increase) in cash and cash equivalents – restricted																				2,101,000
purchases of held-to maturity investments
proceeds from sale of property and equipment/assets held for sale
proceeds from exercise of stock options																																								263,000
net cash from (used) in financing activities
gain on disposal of property and equipment, less write-off of totaled tractors																				-2,969,000	-1,057,000
reduction of losses on accounts receivable																				-540,000
accounts receivable																				12,882,000	-6,177,000	14,908,000	-8,641,000	14,885,000	23,246,000	1,740,000	-741,000	24,329,000	-25,614,000	5,733,000	-6,462,000	-37,064,000	2,326,000	4,676,000	-4,226,000	-19,389,000	22,085,000	-11,416,000	-10,576,000	-15,293,000	-1,641,000	-17,582,000	-37,872,000
inventories and supplies																				-33,000	-366,000	-426,000	2,640,000	-52,000	668,000	-461,000	-559,000	918,000	1,745,000	27,000	-2,987,000	653,000	-283,000	-562,000	350,000	-417,000	2,678,000	-544,000	4,629,000	-5,000,000	364,000	-6,185,000	-1,849,000
prepaid expenses and other current assets																				-1,585,000	21,842,000	-13,493,000	4,424,000	8,226,000	18,938,000	-19,557,000	1,571,000	16,789,000	-5,909,000	-4,417,000	9,682,000	18,446,000	11,933,000	-27,609,000	5,724,000	-2,061,000	13,724,000	-15,134,000	5,094,000	-3,322,000	1,307,000	-1,701,000	-4,348,000
other assets																				-797,000	-1,511,000	120,000	230,000	2,332,000	1,202,000	2,032,000	3,101,000	1,450,000	8,731,000	-542,000	3,685,000	2,871,000	-680,000	2,177,000	781,000	4,018,000	3,194,000	1,697,000	-2,507,000	123,000	-5,995,000	-11,675,000	5,360,000
accounts payable, and accrued and other liabilities																				50,947,000	10,341,000
increase in cash and cash equivalents – restricted
proceeds from maturities of investments																				4,790,000	6,400,000	10,580,000	6,903,000	6,386,000	9,050,000	2,990,000	6,785,000	14,190,000
purchases of investments																				-5,003,000	-6,324,000	-10,740,000	-6,568,000	-6,429,000	-9,220,000	-7,885,000	-6,809,000	-8,016,000
proceeds from sale of property and equipment																				27,124,000	17,182,000	24,913,000	37,044,000	34,271,000	39,785,000	29,882,000	33,293,000	13,370,000	16,348,000	39,584,000	48,660,000	28,428,000	43,346,000	40,590,000	25,283,000	9,939,000	29,008,000	32,370,000	23,382,000	33,858,000	30,512,000	10,477,000	5,880,000
capital expenditures	-130,037,000	-641,573,000	-330,614,000	-122,048,000	-592,081,000	-372,661,000	-191,905,000	-852,677,000	-517,856,000	-260,339,000	-496,237,000	-295,522,000	-164,974,000	-111,020,000	-109,431,000	-105,780,000	-502,738,000	-220,414,000	-56,466,000	-35,566,000	-98,177,000	-72,307,000	-34,512,000	-34,450,000	-81,757,000	-94,161,000	-104,691,000	-62,006,000	-94,853,000	-76,045,000	-75,010,000	-60,058,000	-81,281,000	-86,607,000	-92,747,000	-57,636,000	-90,752,000	-71,362,000	-86,856,000	-44,246,000	-56,888,000	-71,624,000	-39,534,000
free cash flows	12,503,000	-98,142,000	-4,685,000	-12,619,000	-67,340,000	-61,961,000	-154,630,000	20,825,000	204,334,000	84,820,000	602,958,000	424,462,000	291,886,000	195,093,000	45,912,000	137,672,000	77,907,000	155,498,000	152,398,000	83,332,000	39,302,000	12,510,000	77,773,000	97,281,000	130,519,000	14,858,000	15,355,000	66,151,000	8,115,000	33,285,000	32,316,000	16,099,000	36,360,000	48,913,000	30,707,000	39,253,000	56,558,000	22,034,000	8,822,000	25,926,000	38,120,000	-9,286,000	20,341,000
payments received on notes receivable																				663,000	5,351,000	1,802,000	1,834,000	1,127,000	1,115,000	-399,000	1,471,000	2,065,000	1,722,000	1,533,000	673,000	1,553,000	1,093,000	701,000	1,040,000	1,034,000	1,591,000	1,155,000	1,222,000	1,980,000	1,334,000	2,137,000	1,647,000
payments received on assets held for sale																				5,092,000	7,480,000	5,839,000	7,000,000	5,620,000	6,391,000	3,720,000	2,484,000	1,815,000	5,237,000	6,486,000	11,334,000	2,269,000	6,121,000	24,592,000	945,000	21,828,000	1,441,000	997,000	8,580,000	1,760,000	2,857,000	2,179,000	4,053,000
net repayments on revolving line of credit																				-120,000,000								-57,000,000
repurchases of class a common stock																					-2,119,000
amortization of debt issuance costs, original issue discount, and other																					337,000	329,000
gain on sale of real property																																	0	-798,000	0	-6,078,000
provision for (reduction of) losses on accounts receivable																					1,479,000
non-cash loss on debt extinguishment and write-offs of deferred financing costs and original issue discount																									0
excess tax benefit from stock-based compensation																					-2,028,000
income effect of mark-to-market adjustment of interest rate swaps																									0	412,000	-206,000	-119,000	-81,000	-31,000	-11,000	-32,000	151,000	572,000	-107,000	189,000
decrease in cash and cash equivalents — restricted
net (repayments) borrowings on revolving line of credit																					80,000,000											-17,000,000
net decrease in cash and cash equivalents																												-36,396,000				-13,080,000		7,919,000	4,764,000	-14,850,000		7,806,000	-12,169,000	-34,400,000	-4,479,000	23,107,000	-25,945,000
gain on disposal of property and equipment less write-off of totaled tractors																							-3,869,000	-5,763,000	-8,221,000	-8,467,000	-9,809,000	-3,698,000		-11,262,000	-7,564,000	-2,958,000	-8,672,000	-6,273,000	-4,376,000	-2,253,000	-3,116,000	-2,121,000	-2,886,000	-4,280,000	-1,942,000	-199,000	-1,998,000
benefit from losses on accounts receivable																							-12,000	-1,233,000	2,656,000			1,913,000
excess tax deficiency (benefit) from stock-based compensation
accounts payable, accrued, and other liabilities
repurchase of class a common stock																							-45,000,000	-45,000,000
excess tax (deficiency) benefit from stock-based compensation
amortization of debt issuance costs, original issue discount, and losses on terminated swaps																								351,000	363,000	346,000	2,622,000	2,606,000	2,613,000	2,717,000	2,562,000	2,515,000	2,140,000	3,239,000	640,000	1,228,000	1,277,000	1,723,000	3,385,000	4,260,000	5,355,000	6,193,000	6,117,000
accounts payable, accrued and other liabilities																								13,058,000	-7,364,000	7,809,000	12,974,000	-10,447,000	-23,212,000	8,818,000	17,731,000	22,218,000	-34,361,000	15,577,000	-407,000	23,762,000	-21,722,000	21,285,000	-10,516,000	15,023,000	-6,371,000	2,120,000	31,240,000
increase in restricted cash																								-2,115,000	3,212,000	5,856,000	-2,617,000	-16,071,000		1,304,000												-11,216,000	-510,000
equity losses of investee																																	309,000	-427,000	455,000	200,000	338,000	325,000	280,000	78,000
non-cash equity compensation																									1,907,000	1,735,000	1,400,000	1,483,000	1,504,000	1,539,000	1,292,000	1,061,000	1,180,000	2,087,000	833,000	545,000	514,000	1,406,000	1,458,000	1,267,000	781,000	2,319,000	2,424,000
interest on central stockholders' loan receivable, pre-acquisition																																	0
acquisition of central, net of debt repayment																																	-2,480,000
net borrowings on revolving line of credit																									0				-25,000,000	-17,000,000			-45,000,000
issuance of central stockholders' loan receivable, pre-acquisition																																	0
distribution to central stockholders, pre-acquisition																																	0
supplemental disclosures of cash flow information:
cash paid during the period for:
interest																													29,532,000	10,478,000	37,477,000	11,854,000	35,405,000										7,391,000
income taxes																													23,275,000	37,460,000	18,578,000	3,463,000	23,000										842,000
non-cash investing activities:
equipment purchase accrual																													-4,548,000	20,463,000	-39,951,000	59,867,000	-31,659,000										9,840,000
notes receivable from sale of assets																													907,000	509,000	1,253,000	2,762,000	2,234,000										3,579,000
equipment sales receivables																													-590,000	425,000	-6,923,000	7,376,000	556,000										844,000
non-cash financing activities:
capital lease additions																													37,230,000	26,308,000			0										705,000
accrued deferred loan costs																													-103,000	-1,153,000
insurance premium and software notes payable																																	5,865,000
non-cash distribution to central stockholders in satisfaction of stockholders' loans receivable, pre-acquisition																																	0
non-cash exercise of central stock options in exchange for stockholders' loans receivable, pre-acquisition																																	0
cancellation of central stockholders' loans receivable at closing of acquisition																																	0
provision for losses on accounts receivable
decrease in restricted cash																																3,821,000	-457,000	-7,682,000	2,773,000	6,211,000
change in restricted investments																													498,000	477,000	51,000	-164,000	-1,639,000	2,780,000	2,393,000	-7,073,000
funding of note receivable																																					0	0
other investing activities																																					0	0	0	-500,000
proceeds from exercise of stock options and issuance of employee stock purchase plan shares
income tax benefit (deficiency) from exercise of stock options
other financing activities																																			3,293,000	2,385,000	85,000	-1,132,000			-112,000
notes payable from purchase of revenue equipment
benefit from allowance for losses on accounts receivable																														437,000	812,000	792,000		-737,000					875,000	138,000
loss on debt extinguishment																														2,854,000	6,990,000	2,913,000	0	496,000	0	5,044,000	0	952,000	327,000	20,940,000
proceeds from exercise of stock options and the issuance of employee stock purchase plan shares																														1,776,000	2,397,000	3,414,000	3,523,000
income tax benefit from exercise of stock options																														194,000	757,000	1,078,000
supplemental disclosure of cash flow information:
supplemental schedule of:
insurance premium note payable																														0	0	37,000
benefit from (reduction of) allowance for losses on accounts receivable																																					-484,000					-64,000	85,000
proceeds from issuance of class a common stock, net of issuance costs																																									0	0	62,994,000
(reduction of) benefit from allowance for losses on accounts receivable																																				-193,000
impairment of property and equipment , note receivable and other assets
interest rate swap liability
decrease (increase) in restricted cash																																							3,838,000	10,718,000
change in fixed maturity securities-restricted																																					-4,059,000	-3,604,000	-3,526,000	-11,086,000
proceeds from issuance of senior notes
payoff of term loan
repurchase of fixed rate notes
repurchase of floating rate notes
payment of fees and costs on note tender offer
payments received on stockholder loan from affiliate
tax distributions on behalf of stockholders
re-recognition of securitized accounts receivable
note payable from purchase of revenue equipment
insurance premium notes payable
cancellation of senior notes
cancellation of stockholder loan
paid-in-kind interest on stockholder loan
accrued deferred loan costs and stock issuance costs
impairment of property and equipment																																						0	0	1,065,000
funding of gti note receivable																																								-7,500,000
income tax deficiency from exercise of stock options																																								-111,000
reduction of allowance for losses on accounts receivable
reduction in stockholder loan
payments received on shareholder loan from affiliate
depreciation and amortization of property, equipment, intangibles, and debt issuance costs
impairment of goodwill, property and equipment and note receivable and write-off of investment
(gain) loss on securitization
repayment of short-term notes payable
distributions to stockholders
interest payments received on stockholder loan receivable
effect of exchange rate changes on cash and cash equivalents
cash paid (refunded) during the period for:
sale of accounts receivable securitization facility, net of retained interest in receivables
deferred operating lease payment notes payable

Knight-Swift Transportation Holdings Inc(NYSE:KNX)

Knight-Swift Transportation Holdings Inc
(NYSE:KNX)