Marten Transport, Ltd
(NASDAQ:MRTN)

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require...

Website: http://www.marten.com

Founded: 1946

Full Time Employees: 4,087

Sector: Industrials

Industry: Trucking

Industrials

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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	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-03-31	2007-09-30	2007-06-30	2007-03-31	2006-09-30	2006-06-30	2006-03-31	2005-06-30	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-06-30	2001-03-31	2000-09-30	2000-06-30	2000-03-31	1999-09-30

operating revenue	203,526,000	210,108,000	220,470,000	229,922,000	223,152,000	230,432,000	237,366,000	246,238,000	249,672,000	268,222,000	279,538,000	285,672,000	298,023,000	322,584,000	324,448,000	329,565,000	287,281,000	266,876,000	251,280,000	232,442,000	223,046,000	227,333,000	216,011,000	212,384,000	218,646,000	217,185,000	214,973,000	212,090,000	128,720,000	129,395,000	125,804,000	121,955,000	140,354,000	163,377,000	143,374,000	144,969,000	138,821,000	131,416,000	135,812,000	131,862,000	119,555,000	112,800,000	11,989,000	7,701,000	5,209,000	85,237,000	85,903,000	84,206,000	76,331,000	74,736,000	74,031,000	67,998,000		71,653,000	69,967,000
operating expenses
salaries, wages and benefits	72,119,000	75,728,000	78,972,000	78,570,000	78,800,000	83,009,000	83,442,000	86,519,000	88,762,000	91,350,000	92,620,000	96,332,000	98,516,000	104,722,000	99,773,000	96,460,000	89,349,000	88,577,000	81,091,000	75,296,000	72,998,000	79,121,000	74,797,000	73,476,000	72,761,000	72,707,000	69,312,000	68,613,000	32,634,000	34,257,000	35,759,000	36,102,000	38,294,000	39,885,000	36,682,000	38,808,000	38,565,000	38,413,000	36,216,000	35,820,000	34,419,000	6,092,000	1,302,000	92,000	1,647,000	25,840,000	26,225,000	25,278,000	23,079,000	22,192,000	22,228,000	22,442,000		21,303,000	21,227,000
purchased transportation	33,468,000	36,050,000	42,284,000	43,123,000	37,656,000	39,231,000	44,862,000	43,235,000	41,814,000	47,259,000	49,673,000	48,299,000	54,103,000	60,599,000	64,403,000	67,480,000	57,310,000	54,592,000	52,861,000	45,003,000	40,765,000	40,937,000	37,066,000	36,165,000	40,445,000	41,596,000	40,435,000	38,668,000	28,700,000	29,192,000	25,933,000	22,752,000	24,761,000	29,125,000	28,004,000	27,891,000	24,679,000	21,820,000	22,051,000	21,712,000	19,168,000	772,000	2,208,000	1,913,000		17,210,000	18,106,000	18,053,000	17,296,000	17,815,000	17,169,000	15,079,000		15,756,000	15,497,000
fuel and fuel taxes	33,907,000	30,765,000	33,526,000	32,591,000	33,117,000	32,992,000	35,781,000	38,809,000	39,561,000	42,731,000	48,695,000	42,215,000	46,796,000	55,567,000	57,299,000	61,337,000	44,368,000	36,435,000	33,909,000	32,007,000	28,937,000	24,700,000	24,268,000	20,868,000	28,297,000	31,437,000	31,275,000	30,952,000	27,180,000	26,580,000	24,272,000	21,866,000	30,963,000	51,215,000	41,929,000	39,586,000	37,126,000	32,812,000	37,744,000	35,350,000	29,584,000	8,335,000	4,536,000	3,224,000	529,000	14,399,000	14,253,000	13,379,000	12,300,000	11,202,000	10,054,000	9,783,000		11,945,000	11,505,000
supplies and maintenance	15,128,000	14,504,000	15,585,000	15,606,000	15,513,000	14,331,000	16,464,000	16,472,000	16,070,000	16,120,000	17,896,000	17,408,000	15,987,000	15,180,000	14,855,000	13,352,000	12,313,000	11,592,000	11,685,000	11,167,000	11,015,000	11,314,000	12,440,000	11,833,000	12,228,000	11,998,000	12,116,000	11,502,000	9,217,000	9,630,000	9,558,000	9,818,000	10,080,000	9,588,000	9,332,000	10,448,000	8,966,000	8,950,000	8,386,000	8,131,000	7,875,000	877,000	76,000		136,000	6,246,000	6,503,000	6,147,000	5,746,000	5,538,000	5,571,000	4,937,000		5,546,000	5,524,000
depreciation	25,006,000	25,168,000	25,447,000	27,307,000	27,470,000	27,528,000	27,392,000	28,206,000	28,527,000	28,748,000	29,017,000	29,427,000	29,530,000	29,625,000	28,381,000	26,865,000	26,143,000	25,964,000	25,371,000	25,540,000	25,687,000	25,914,000	25,580,000	25,972,000	25,427,000	24,842,000	24,290,000	23,462,000	12,978,000	13,272,000	13,386,000	13,433,000	13,001,000	12,396,000	11,962,000	11,867,000	11,727,000	11,723,000	11,257,000	10,892,000	10,674,000	1,206,000	640,000	626,000	574,000	7,706,000	7,616,000	7,435,000	7,060,000	6,988,000	6,796,000	6,862,000		6,693,000	6,595,000
operating taxes and licenses	2,245,000	2,446,000	2,423,000	2,451,000	2,417,000	2,683,000	2,505,000	2,539,000	2,575,000	2,708,000	2,821,000	2,756,000	2,768,000	2,712,000	2,748,000	2,663,000	2,640,000	2,498,000	2,606,000	2,718,000	2,712,000	2,837,000	2,749,000	2,615,000	2,639,000	2,678,000	2,651,000	2,438,000	1,703,000	1,591,000	1,702,000	1,676,000	1,667,000	1,588,000	1,712,000	1,736,000	1,726,000	1,699,000	1,884,000	1,832,000	1,819,000	58,000	245,000	241,000	172,000	1,520,000	1,406,000	1,372,000	1,456,000	1,264,000	1,212,000	1,204,000		1,247,000	1,183,000
insurance and claims	13,245,000	15,034,000	11,382,000	15,852,000	13,377,000	15,134,000	13,759,000	12,559,000	11,657,000	15,209,000	13,254,000	12,481,000	15,070,000	12,417,000	11,949,000	13,443,000	12,704,000	10,649,000	10,501,000	9,391,000	11,446,000	12,294,000	11,243,000	11,633,000	12,284,000	8,846,000	9,618,000	9,862,000	4,341,000	5,356,000	4,678,000	5,521,000	7,421,000	5,770,000	5,565,000	5,946,000	5,376,000	5,470,000	4,630,000	4,665,000	5,307,000	410,000	776,000	333,000	710,000	4,006,000	3,782,000	3,723,000	4,287,000	3,796,000	3,337,000	3,450,000		2,472,000	1,844,000
communications and utilities	2,105,000	2,217,000	2,093,000	2,164,000	2,279,000	2,195,000	2,166,000	2,297,000	2,371,000	2,524,000	2,584,000	2,510,000	2,531,000	2,538,000	2,135,000	2,239,000	2,265,000	2,030,000	2,181,000	2,056,000	2,083,000	2,050,000	1,999,000	1,977,000	1,985,000	1,908,000	1,901,000	1,950,000	1,092,000	1,011,000	1,002,000	1,065,000	1,033,000	837,000	961,000	938,000	970,000	940,000	962,000	857,000	881,000	80,000				907,000	825,000	793,000	782,000	758,000	751,000	711,000		753,000	800,000
gain on disposition of revenue equipment	-1,420,000	-3,317,000	-1,903,000	-5,182,000	-1,665,000	-387,000	-881,000	-2,532,000	-1,171,000	-1,802,000	-3,014,000	-3,550,000	-5,246,000	-2,957,000	-1,070,000	-4,812,000	-4,540,000	-4,436,000	-4,536,000	-5,339,000	-1,984,000	-2,834,000	-2,128,000	-2,216,000	-1,555,000	-3,343,000	-2,559,000	-1,230,000																				-69,000
other	6,131,000	6,931,000	7,923,000	7,706,000	8,329,000	6,989,000	7,607,000	8,160,000	7,256,000	7,718,000	8,762,000	9,581,000	8,958,000	9,398,000	10,209,000	9,601,000	8,871,000	8,298,000	7,115,000	6,085,000	5,389,000	5,442,000	5,315,000	4,805,000	6,103,000	5,729,000	5,900,000	5,929,000	2,841,000	2,566,000	2,539,000	2,942,000	3,092,000	2,898,000	2,804,000	2,488,000	2,913,000	2,379,000	2,952,000	2,490,000	2,880,000	279,000	724,000	184,000	30,000	1,987,000	1,450,000	2,052,000	2,810,000	1,743,000	1,759,000	1,752,000		1,824,000	1,814,000
total operating expenses	201,934,000	205,526,000	217,732,000	220,188,000	217,293,000	223,705,000	233,097,000	236,264,000	237,422,000	252,565,000	262,308,000	257,459,000	269,013,000	289,801,000	290,682,000	288,628,000	251,423,000	236,199,000	222,784,000	203,924,000	199,048,000	201,775,000	191,611,000	187,128,000	200,614,000	198,398,000	194,939,000	192,146,000	88,966,000	122,859,000	118,301,000	114,704,000	111,076,750	152,849,000	137,892,000	139,273,000	130,780,000	123,026,000	124,099,000	120,050,000	110,566,000	17,528,000	10,030,000	5,862,000	3,276,000	58,710,000	80,012,000		51,570,000	71,256,000	68,862,000	66,162,000		67,336,000	65,850,000
operating income	1,592,000	4,582,000	2,738,000	9,734,000	5,859,000	6,727,000	4,269,000	9,974,000	12,250,000	15,657,000	17,230,000	28,213,000	29,010,000	32,783,000	33,766,000	40,937,000	35,858,000	30,677,000	28,496,000	28,518,000	23,998,000	25,558,000	24,400,000	25,256,000	18,032,000	18,787,000	20,034,000	19,944,000	8,069,000	6,536,000	7,503,000	7,251,000	10,267,000	10,528,000	5,482,000	5,696,000	8,041,000	8,390,000	11,713,000	11,812,000	8,989,000	3,365,000	1,959,000	1,839,000	1,933,000	5,746,000	5,891,000	6,043,000	1,376,000	3,480,000	5,169,000	1,836,000		4,317,000	4,117,000
yoy	-72.83%	-31.89%	-35.86%	-2.41%	-52.17%	-57.04%	-75.22%	-64.65%	-57.77%	-52.24%	-48.97%	-31.08%	-19.10%	6.87%	18.49%	43.55%	49.42%	20.03%	16.79%	12.92%	33.09%	36.04%	21.79%	26.63%	123.47%	187.44%	167.01%	175.05%	-21.41%	-37.92%	36.87%	27.30%	27.68%	25.48%	-53.20%	-51.78%	-10.55%	149.33%	497.91%	542.31%	365.03%	-41.44%	-66.75%	-69.57%	40.48%	65.11%	13.97%	229.14%		-19.39%	25.55%
qoq	-65.26%	67.35%	-71.87%	66.14%	-12.90%	57.58%	-57.20%	-18.58%	-21.76%	-9.13%	-38.93%	-2.75%	-11.51%	-2.91%	-17.52%	14.16%	16.89%	7.65%	-0.08%	18.83%	-6.10%	4.75%	-3.39%	40.06%	-4.02%	-6.22%	0.45%	147.17%	23.45%	-12.89%	3.48%	-29.38%	-2.48%	92.05%	-3.76%	-29.16%	-4.16%	-28.37%	-0.84%	31.41%	167.13%	71.77%	6.53%	-4.86%	-66.36%	-2.46%	-2.52%	339.17%	-60.46%	-32.68%	181.54%			4.86%
income before income taxes	2,049,000	5,048,000	2,951,000	10,170,000	6,208,000	7,121,000	5,191,000	10,988,000	13,046,000	16,525,000	18,247,000	29,290,000	29,854,000	33,303,000	34,030,000	40,973,000	35,865,000	30,693,000	28,504,000	28,527,000	24,008,000	25,571,000	24,417,000	25,269,000	18,129,000	19,049,000	20,289,000	20,339,000	8,056,000	6,552,000	7,499,000	7,220,000	9,991,000	10,053,000	4,645,000	4,638,000	7,046,000	7,380,000	10,784,000	10,960,000	8,337,000	3,359,000	2,175,000	2,059,000	2,154,000	5,600,000	5,542,000	5,705,000	934,000	3,007,000	4,582,000	1,111,000		3,099,000	2,658,000
income taxes expense	667,000	1,351,000	725,000	2,984,000	1,873,000	1,488,000	1,437,000	3,099,000	3,400,000	4,126,000	4,649,000	7,416,000	7,352,000	7,789,000	8,384,000	9,312,000	8,332,000	5,963,000	7,230,000	7,109,000	6,002,000	5,967,000	6,373,000	7,135,000	4,411,000	3,301,000	3,702,000	5,149,000
net income	1,382,000	3,697,000	2,226,000	7,186,000	4,335,000	5,633,000	3,754,000	7,889,000	9,646,000	12,399,000	13,598,000	21,874,000	22,502,000	25,514,000	25,646,000	31,661,000	27,533,000	24,730,000	21,274,000	21,418,000	18,006,000	19,604,000	18,044,000	18,134,000	13,718,000	15,748,000	16,587,000	15,190,000	4,265,000	3,472,000	4,477,000	4,053,000	5,822,000	6,127,000	2,653,000	3,065,000	4,344,000	4,594,000	6,736,000	7,540,000	5,053,000	6,763,000	4,784,000	4,814,000	2,732,000	3,472,000	3,436,000	3,537,000	579,000	1,864,000	2,841,000	689,000		1,922,000	1,648,000
yoy	-68.12%	-34.37%	-40.70%	-8.91%	-55.06%	-54.57%	-72.39%	-63.93%	-57.13%	-51.40%	-46.98%	-30.91%	-18.27%	3.17%	20.55%	47.82%	52.91%	26.15%	17.90%	18.11%	31.26%	24.49%	8.78%	19.38%	221.64%	353.57%	270.49%	274.78%	-26.74%	-43.33%	68.75%	32.23%	34.02%	33.37%	-60.61%	-59.35%	-14.03%	-32.07%	40.80%	56.63%	84.96%	94.79%	39.23%	36.10%	371.85%	86.27%	20.94%	413.35%		-3.02%	72.39%
qoq	-62.62%	66.08%	-69.02%	65.77%	-23.04%	50.05%	-52.41%	-18.21%	-22.20%	-8.82%	-37.83%	-2.79%	-11.81%	-0.51%	-19.00%	14.99%	11.33%	16.25%	-0.67%	18.95%	-8.15%	8.65%	-0.50%	32.19%	-12.89%	-5.06%	9.20%	256.15%	22.84%	-22.45%	10.46%	-30.38%	-4.98%	130.95%	-13.44%	-29.44%	-5.44%	-31.80%	-10.66%	49.22%	-25.28%	41.37%	-0.62%	76.21%	-21.31%	1.05%	-2.86%	510.88%	-68.94%	-34.39%	312.34%			16.63%
basic earnings per common share	20	40	30	90	50	70	50	100	120	160	170	270	280	310	320	390	330	300	260	260	220	230	220	330	250	290	300	280	190	160	200	190	270	280	120	140	200	210	310	350	230	470	340	340	200	-160	450	550	140	440	670
diluted earnings per common share	20	40	30	90	50	70	50	100	120	150	170	270	280	320	320	390	330	290	260	260	220	240	220	330	250	290	300	280	190	160	200	180	260	280	120	140	200	210	310	340	230	460	330	330	190	-160	430	530	130	430	650
dividends declared per common share	60	60	60	60	60	60	60	60	60	60	60	60	60	60	60	60	60	40	540	40	40	540	40	40	40	30	680	30
balance at december 31, 2024	81,464,000	-52,859,536	81,464,000	81,464,000	81,464
issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	29,000	2,250	29,000	29,000	51,000	-109,000	51,000	51,000	119,000	-338,000	119,000	119,000	119,000				70,000	195,000	70,000	70,000	259,000	-852,000	259,000	173,000	105,000	-150,000	105,000	105,000
employee taxes paid in exchange for shares withheld		-71,000				-95,500				-231,500				-402,500				-136,750				-109,250				-196,000
share-based payment arrangement compensation expense		101,750				88,250				88,500				92,250				84,000				61,500				91,500
dividends on common stock, 0.06 per share
balance at march 31, 2025	81,493	13,268.25	81,493	81,493	81,493
issuance of common stock from share-based payment arrangement exercises	49		27	27	101	77,000	52,000	52,000	78,000	126,750	67,000	67,000	131,000	37,500	31,000	31,000
dividends on common stock, 0.18 per share
balance at december 31, 2025	81,542
balance at march 31, 2026	81,589
balance at june 30, 2025		13,498.5	81,520	81,520
balance at september 30, 2025		13,535.75	81,520
balance at december 31, 2023					81,312,000	31,523,000	81,312,000	81,312,000	81,312,000
balance at march 31, 2024					81,363	12,516,500	81,363,000	81,363,000	81,363,000
dividends on common stock
balance at june 30, 2024						12,846,250	81,415,000	81,415,000
balance at september 30, 2024						13,056,250	81,448,000
balance at december 31, 2022									81,115,000	33,927,000	81,115,000	81,115,000	81,115,000
balance at march 31, 2023									81,234,000	11,787,750	81,234,000	81,234,000	81,234,000
balance at june 30, 2023										12,165,750	81,301,000	81,301,000
balance at september 30, 2023										12,320,000	81,309,000
balance at december 31, 2021													83,034,000	-2,684,000	83,034,000	83,034,000	83,034,000
repurchase and retirement of common stock													-1,307,000	24,934,000	-1,307,000	-1,307,000	-1,307,000				-53,000	296,000	-53,000	-35,000	-35,000
issuance of common stock from share-based payment arrangement exercises, deferred compensation plan distributions and vesting of performance unit awards													220,000	-437,000	220,000	220,000	259,000	-6,000	106,000
balance at march 31, 2022													81,947,000	15,064,000	81,947,000	81,947,000	81,947,000
dividends paid per common share														45	60			20
dividends paid on common stock
balance at june 30, 2022														11,216,750	81,015,000	81,015,000
balance at september 30, 2022														11,591,500	81,097,000
balance at december 31, 2020																	82,705,000	-2,365,000	82,705,000	82,705,000	82,705,000
balance at march 31, 2021																	82,775,000	21,254,750	82,775,000	82,775,000	82,775,000
gain on disposition of facility																							-1,718,000
balance at june 30, 2021																		21,394,500	82,881,000	82,881,000
accrued dividends on common stock
balance at september 30, 2021																		21,384,750	82,943,000
balance at december 31, 2019																					82,055,000	2,590,000	82,055,000	54,703,000	54,703,000
balance at march 31, 2020																					82,261,000	19,932,500	82,261,000	54,841,000	54,841,000
balance at june 30, 2020																						20,954,000	82,662,000	55,108,000
balance at september 30, 2020																						21,097,250	82,681,000
pro forma post-stock split basis
balance at december 31, 2018																									54,467,000	-22,347,000	54,467,000	54,467,000
balance at march 31, 2019																									54,572,000	19,171,750	54,572,000	54,572,000
balance at june 30, 2019																										19,447,250	54,633,000	54,633,000
balance at september 30, 2019																										19,710,000	54,687,000
other incomes
interest expense																													36,000	35,000	34,000	64,000	110,000	196,000	534,000	943,000	1,042,000	1,079,000	928,000	913,000	842,000	39,000				542,000	679,000	752,000	820,000	819,000	888,000	952,000		1,322,000	1,552,000
interest income																																												28,000	36,000			-414,000
less: income before income taxes attributable to noncontrolling interest																													230,000	93,000	145,000	116,000
income before income taxes attributable to marten transport, ltd.																													7,826,000	6,459,000	7,354,000	7,104,000
benefit from income taxes																													3,561,000	2,987,000	2,877,000	3,051,000	4,169,000	3,926,000	1,992,000	1,573,000	2,702,000	2,786,000	4,048,000	3,420,000	3,284,000					2,128,000	2,106,000	2,168,000	355,000	1,143,000	1,741,000
interest income and other																																																							-93,000
minority interest																																	198,000	317,000	380,000	301,000	79,000	150,000	261,000	242,000	108,000
numerator:
denominator:
basic earnings per common share - weighted-average shares																																										14,332,000	14,119,000	14,016,000	13,840,000
effect of dilutive stock options																																										283,000	410,000	474,000	581,000
diluted earnings per common share - weighted-average shares and assumed conversions																																										14,615,000	14,529,000	14,490,000	14,421,000
freight revenue																																										95,986,000
fuel surcharge revenue																																										12,710,000
non-freight revenue																																										4,104,000
other expenses
provision for income taxes																																										1,410,000	827,000	782,000	819,000							422,000		1,177,000	1,010,000
number of option shares
weighted-average exercise price
basic and diluted earnings per common share																																																				160		460	390
operating expenses:
gain on disposition of revenue
equipment																																																							-139,000

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	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31

assets
current assets:
cash and cash equivalents	69,786,000	43,278,000	49,485,000	35,052,000	39,905,000	17,267,000	42,990,000	77,199,000	73,730,000	53,213,000	68,067,000	80,528,000	96,288,000	80,600,000	71,492,000	68,374,000	66,527,000	56,995,000	83,900,000	80,672,000	88,583,000	66,127,000	88,279,000	75,323,000	36,136,000	31,461,000	40,480,000	82,792,000	85,526,000	56,763,000	35,739,000	22,003,000	10,398,000	15,791,000	1,159,000	10,058,000	9,065,000	488,000	175,000	208,000	1,156,000	434,000	145,000	4,499,000	21,700,000	123,000	187,000	956,000	19,315,000	13,650,000	9,041,000	3,473,000	5,127,000	5,249,000	25,638,000	20,821,000	20,514,000	15,003,000	8,041,000	5,306,000	4,370,000	3,563,000	4,347,000	5,410,000	7,891,000	7,984,000
escrow deposit	5,000,000	5,000,000	5,000,000
receivables:
trade	91,911,000		92,011,000	91,432,000	95,250,000		93,539,000	99,926,000	105,247,000		117,820,000	111,577,000	115,430,000		124,587,000	138,391,000	126,815,000		99,686,000	92,920,000	89,552,000		80,719,000	83,854,000	94,276,000		85,149,000	87,044,000	84,443,000		84,055,000	85,549,000	82,090,000		72,919,000	67,174,000	69,808,000		69,874,000	66,076,000	65,285,000		70,829,000	68,898,000	68,686,000		73,202,000	75,176,000	70,306,000		65,990,000		68,841,000	64,114,000	58,632,000		62,663,000	64,548,000	55,971,000		52,268,000	49,644,000	48,756,000		49,879,000	48,760,000	46,433,000		63,193,000	63,477,000	54,642,000		59,967,000	54,779,000	51,371,000		55,418,000	52,590,000	47,139,000		48,804,000	44,785,000	43,741,000		41,707,000	37,201,000	36,144,000		33,960,000		31,616,000
other	8,114,000	13,084,000	9,201,000	7,387,000	4,724,000	5,364,000	6,893,000	11,450,000	10,380,000	10,356,000	11,695,000	10,646,000	7,988,000	7,218,000	4,443,000	3,681,000	4,317,000	6,971,000	6,208,000	4,904,000	3,489,000	4,202,000	2,908,000	12,639,000	10,077,000	11,055,000	3,694,000	3,354,000	5,273,000	3,808,000	6,993,000	7,190,000	7,037,000	6,131,000	4,541,000	5,657,000	3,714,000	4,436,000	3,939,000	3,065,000	4,719,000	10,885,000	4,045,000	8,814,000	3,475,000	17,740,000	4,905,000	6,459,000	2,212,000	4,142,000	5,388,000	7,177,000	4,738,000	5,399,000	4,876,000	3,430,000	4,872,000	4,842,000	4,299,000	12,968,000	9,472,000	9,701,000	3,083,000	4,382,000	6,612,000	7,913,000	5,483,000	7,385,000	6,983,000	11,366,000	6,637,000	6,175,000	5,663,000	6,442,000	5,638,000	6,458,000	9,554,000	6,736,000	13,954,000	6,975,000	10,753,000	11,094,000	9,249,000	8,372,000	9,617,000	8,929,000	7,963,000	7,337,000	5,303,000		5,245,000	6,561,000
prepaid expenses and other	20,792,000	24,532,000	25,296,000	21,942,000	22,621,000	25,888,000	26,853,000	30,995,000	24,665,000	27,512,000	27,004,000	29,208,000	24,206,000	27,320,000	24,787,000	27,437,000	22,375,000	23,980,000	22,150,000	23,444,000	19,434,000	21,903,000	20,640,000	22,906,000	19,058,000	20,938,000	18,576,000	19,724,000	18,025,000	19,924,000	18,816,000	19,876,000	19,186,000	19,810,000	16,263,000	17,635,000	17,102,000	19,307,000	16,715,000	17,122,000	16,829,000	18,134,000	15,803,000	15,912,000	15,168,000	16,860,000	13,481,000	13,949,000	13,366,000	15,274,000	13,466,000	15,490,000	13,186,000	14,033,000	14,276,000	15,426,000	12,694,000	12,743,000	11,946,000	13,406,000	10,861,000	10,878,000	10,796,000	12,328,000	10,534,000	11,248,000	11,583,000	13,705,000	11,719,000	12,646,000	11,870,000	13,823,000	11,468,000	12,270,000	12,531,000	14,227,000	11,501,000	12,080,000	12,332,000	13,264,000	10,158,000	10,837,000	10,505,000	11,869,000	8,892,000	9,946,000	10,978,000	10,034,000	7,306,000		8,553,000	7,832,000
total current assets	195,603,000	171,701,000	175,993,000	155,813,000	162,500,000	138,511,000	170,275,000	219,570,000	214,022,000	196,582,000	224,586,000	231,959,000	243,912,000	235,840,000	225,309,000	237,883,000	220,034,000	186,949,000	211,944,000	201,940,000	201,058,000	175,658,000	192,546,000	194,722,000	159,547,000	154,166,000	147,899,000	192,914,000	193,267,000	163,528,000	145,603,000	134,618,000	118,711,000	116,618,000	94,882,000	100,524,000	99,689,000	93,430,000	90,703,000	86,471,000	87,989,000	100,050,000	93,859,000	101,214,000	112,174,000	110,185,000	95,363,000	100,085,000	108,678,000	107,350,000	97,145,000	95,534,000	94,323,000	91,303,000	106,022,000	101,800,000	105,216,000	101,488,000	85,589,000	87,706,000	82,836,000	79,285,000	72,793,000	72,844,000	86,259,000	91,915,000	87,608,000	82,372,000	91,034,000	94,512,000	81,430,000	80,158,000	86,580,000	82,975,000	77,749,000	76,510,000	84,831,000	79,453,000	80,143,000	73,069,000	75,643,000	73,150,000	67,558,000	65,249,000	64,777,000	67,648,000	70,995,000	74,220,000	81,312,000		51,029,000	49,331,000
property and equipment:
revenue equipment, buildings and land, office equipment and other	1,112,817,000		1,148,269,000	1,207,399,000	1,199,378,000		1,192,736,000	1,149,771,000	1,155,649,000		1,129,415,000	1,122,659,000	1,082,361,000		1,046,476,000	992,400,000	955,760,000		957,708,000	947,071,000	934,405,000		943,058,000	920,608,000	937,389,000		891,326,000	857,410,000	819,809,000		820,523,000	805,723,000	808,750,000		781,451,000	775,149,000	768,856,000		754,448,000	744,234,000	723,457,000		724,712,000	700,123,000	651,229,000		642,271,000	632,693,000	596,031,000		560,017,000		556,323,000	547,812,000	531,594,000		513,951,000	509,867,000	511,812,000			494,412,000	504,554,000		482,581,000	465,596,000	459,589,000		441,375,000	429,350,000	440,750,000		452,106,000	438,996,000	440,069,000		394,148,000	382,835,000	377,370,000		330,453,000	317,881,000	312,830,000
accumulated depreciation	-362,739,000		-355,266,000	-373,131,000	-380,321,000		-364,712,000	-360,974,000	-378,151,000		-358,414,000	-352,139,000	-348,641,000		-334,504,000	-310,645,000	-291,941,000		-267,808,000	-266,342,000	-281,812,000		-278,488,000	-276,412,000	-274,047,000		-261,474,000	-256,836,000	-241,658,000		-223,087,000	-218,071,000	-217,558,000		-201,882,000	-206,943,000	-209,226,000		-202,092,000	-206,317,000	-204,410,000		-192,144,000	-190,330,000	-186,371,000		-174,951,000	-174,627,000	-171,886,000		-152,071,000		-149,280,000	-145,245,000	-147,309,000		-151,925,000	-150,664,000	-147,965,000		-141,444,000
net property and equipment	750,078,000	776,506,000	793,003,000	834,268,000	819,057,000	828,613,000	828,024,000	788,797,000	777,498,000	792,233,000	771,001,000	770,520,000	733,720,000	728,167,000	711,972,000	681,755,000	663,819,000	682,277,000	689,900,000	680,729,000	652,593,000	654,173,000	664,570,000	644,196,000	663,342,000	640,394,000	629,852,000	600,574,000	578,151,000	588,230,000	597,436,000	587,652,000	591,192,000	571,920,000	579,569,000	568,206,000	559,630,000	557,825,000	552,356,000	537,917,000	519,047,000	528,009,000	532,568,000	509,793,000	464,858,000	465,749,000	467,320,000	458,066,000	424,145,000	415,009,000	407,946,000	394,476,000	407,043,000	402,567,000	384,285,000	368,200,000	362,026,000	359,203,000	363,847,000	372,059,000	376,628,000	357,969,000	360,089,000	341,457,000	332,497,000	317,671,000	315,925,000	314,301,000	308,169,000	299,412,000	313,270,000	325,184,000	333,220,000	329,101,000	336,134,000	329,888,000	299,898,000	290,802,000	286,837,000	269,938,000	238,688,000	226,691,000	223,129,000	215,698,000	205,738,000	195,781,000	182,316,000	169,818,000	163,111,000		160,869,000	159,828,000
other noncurrent assets	1,546,000	1,560,000	1,655,000	1,735,000	1,775,000	1,633,000	1,705,000	1,520,000	1,499,000	1,524,000	1,617,000	1,605,000	1,641,000	1,672,000	1,421,000	1,483,000	1,545,000	1,464,000	1,539,000	1,694,000	1,698,000	1,805,000	1,950,000	1,916,000	2,029,000	2,026,000	3,204,000	3,107,000	3,109,000
total assets	947,227,000	949,767,000	975,651,000	991,816,000	983,332,000	968,757,000	1,000,004,000	1,009,887,000	993,019,000	990,339,000	997,204,000	1,004,084,000	979,273,000	965,679,000	938,702,000	921,121,000	885,398,000	870,690,000	903,383,000	884,363,000	855,349,000	831,636,000	859,066,000	840,834,000	824,918,000	796,586,000	780,955,000	796,595,000	774,527,000		745,320,000	724,439,000	711,965,000		676,307,000	670,584,000	661,285,000		645,940,000	627,556,000	610,392,000		629,999,000	614,613,000	580,613,000		566,606,000	562,142,000	536,312,000		508,297,000		501,972,000	494,467,000	490,895,000		467,812,000	461,252,000	449,988,000		459,999,000	437,780,000	433,408,000		419,315,000	410,181,000	404,197,000		400,036,000	395,055,000	396,244,000		422,472,000	415,261,000	417,800,000		389,762,000	376,039,000	373,598,000		321,840,000	307,422,000	298,233,000		277,176,000	269,513,000	259,229,000		250,268,000		218,135,000
liabilities and stockholders’ equity
current liabilities:
accounts payable	27,756,000	28,769,000	39,744,000	44,894,000	37,783,000	25,781,000	47,282,000	47,214,000	37,728,000	36,516,000	42,042,000	36,107,000	41,558,000	37,299,000	43,188,000	48,463,000	29,158,000	20,150,000	33,687,000	39,279,000	32,060,000	25,702,000	24,563,000	26,176,000	34,821,000	22,917,000	27,777,000	24,293,000	18,512,000	15,704,000				16,478,000				14,391,000				12,007,000				17,065,000				19,373,000		16,081,000				17,912,000				17,800,000				16,308,000				15,785,000				14,653,000				12,690,000				7,646,000				4,579,000				3,683,000				4,919,000
insurance and claims accruals	44,853,000	43,700,000	41,313,000	43,817,000	43,486,000	44,246,000	42,946,000	44,296,000	44,297,000	47,017,000	46,282,000	47,665,000	48,967,000	45,747,000	45,664,000	45,689,000	42,592,000	42,014,000	41,128,000	41,438,000	41,712,000	39,595,000	36,629,000	35,834,000	34,424,000	31,729,000	30,647,000	30,907,000	29,381,000	28,103,000	25,295,000	25,574,000	25,414,000	26,177,000	25,197,000	21,811,000	20,582,000	19,440,000	17,761,000	17,400,000	17,105,000	16,235,000	14,832,000	13,645,000	14,832,000	13,998,000	13,759,000	15,012,000	14,847,000	14,404,000	13,588,000	13,838,000	13,327,000	12,414,000	14,006,000	13,042,000	14,929,000	15,136,000	17,157,000	17,653,000	17,955,000	18,219,000	18,908,000	19,222,000	20,679,000	22,041,000	21,720,000	21,386,000	20,938,000	19,183,000	17,597,000	17,431,000	17,061,000	16,281,000	16,172,000	16,073,000	13,897,000	13,842,000	13,473,000	13,126,000	12,424,000	11,798,000	11,511,000	13,654,000	11,946,000	11,910,000	12,517,000	12,052,000	12,195,000		13,337,000	12,915,000
accrued and other current liabilities	21,641,000	19,763,000	34,527,000	27,974,000	28,354,000	23,492,000	26,521,000	27,466,000	29,417,000	26,709,000	33,320,000	47,248,000	29,077,000	41,264,000	36,605,000	36,565,000	37,632,000	31,395,000	32,667,000	26,272,000	24,079,000	24,497,000	26,755,000	25,569,000	21,881,000	21,680,000	26,506,000	29,976,000	31,649,000
total current liabilities	94,250,000	92,232,000	115,584,000	116,685,000	109,623,000	93,519,000	116,749,000	118,976,000	111,442,000	110,242,000	121,644,000	131,020,000	119,602,000	124,310,000	125,457,000	130,717,000	109,382,000	93,559,000	152,271,000	106,989,000	97,851,000	89,794,000	87,947,000	87,579,000	91,126,000	76,326,000	84,930,000	85,176,000	79,542,000	71,973,000	73,554,000	71,356,000	74,835,000	64,277,000	65,135,000	67,914,000	64,563,000	60,670,000	64,081,000	62,529,000	61,536,000	49,876,000	65,055,000	78,866,000	56,817,000	44,518,000	52,496,000	57,075,000	57,314,000	53,028,000	61,306,000	46,900,000	54,109,000	53,877,000	58,816,000	46,385,000	51,141,000	51,873,000	50,363,000	68,589,000	79,356,000	54,978,000	61,361,000	54,217,000	61,583,000	57,104,000	57,069,000	57,515,000	68,060,000	59,547,000	55,170,000	54,815,000	59,357,000	48,242,000	48,512,000	59,422,000	43,575,000	44,434,000	47,103,000	45,775,000	40,386,000	37,181,000	36,696,000	38,374,000	39,733,000	42,960,000	37,917,000	34,663,000	35,491,000		33,614,000	32,160,000
deferred income taxes	88,612,000	89,716,000	91,617,000	104,098,000	105,824,000	107,034,000	116,443,000	123,938,000	118,946,000	122,462,000	125,887,000	132,737,000	137,825,000	137,041,000	130,594,000	129,972,000	126,918,000	125,163,000	120,689,000	123,312,000	122,183,000	121,098,000	125,890,000	123,285,000	123,790,000	122,022,000	112,454,000	108,578,000	106,796,000	105,977,000	107,696,000	103,841,000	101,676,000	100,626,000	149,846,000	148,046,000	151,270,000	147,854,000	144,610,000	141,194,000	138,044,000	134,364,000	3,037,000	3,091,000	3,145,000	3,199,000	3,588,000	3,545,000	3,479,000	3,415,000	3,260,000	3,155,000	2,431,000	2,508,000	2,600,000	2,738,000	4,473,000	4,352,000	5,332,000	4,794,000	5,727,000	5,361,000	5,693,000	5,172,000	6,593,000	7,300,000	7,084,000	6,140,000	6,663,000	5,629,000	5,395,000	4,653,000	5,492,000	5,126,000	4,981,000	4,532,000	5,140,000	5,060,000	4,357,000	3,873,000	4,549,000	4,181,000	3,737,000	5,856,000	4,453,000	5,798,000	4,046,000	3,048,000	4,048,000	47,783,000	4,896,000	4,311,000
noncurrent operating lease liabilities	157,000	194,000	250,000	317,000	385,000	282,000	351,000	220,000	202,000	249,000	316,000	307,000	335,000	409,000	214,000	275,000	336,000	291,000	336,000	421,000	337,000	411,000	521,000	572,000	622,000	649,000	714,000	451,000	452,000
total liabilities	183,019,000	182,142,000	207,451,000	221,100,000	215,832,000	200,835,000	233,543,000	243,134,000	230,590,000	232,953,000	247,847,000	264,064,000	257,762,000	261,760,000	256,265,000	260,964,000	236,636,000	219,013,000	273,296,000	230,722,000	220,371,000	211,303,000	214,358,000	211,436,000	215,538,000	198,997,000	198,098,000	194,205,000	186,790,000	177,950,000	181,250,000	175,197,000	176,511,000	164,903,000	214,981,000	215,960,000	215,833,000	216,410,000	217,240,000	208,099,000	199,580,000	222,107,000	213,633,000	206,213,000	181,912,000	191,734,000	187,192,000	189,750,000	172,091,000	166,665,000	172,049,000	158,700,000	161,360,000	160,093,000	164,413,000	150,220,000	154,678,000	154,520,000	149,573,000	164,404,000	169,483,000	152,640,000	153,958,000	139,931,000	148,622,000	143,091,000	142,196,000	139,992,000	148,562,000	150,417,000	155,573,000	169,177,000	187,288,000	183,486,000	191,065,000	188,916,000	173,232,000	166,532,000	172,341,000	155,385,000	135,256,000	127,399,000	125,421,000	120,153,000	116,237,000	114,262,000	109,488,000	105,061,000	109,821,000		137,366,000	136,798,000
stockholders’ equity:
preferred stock, .01 par value per share...
common stock, .01 par value per share...	816,000	815,000	815,000	815,000	815,000	815,000	814,000	814,000	814,000	813,000	813,000	813,000	812,000	811,000	811,000	810,000	819,000	830,000	829,000	829,000	828,000	827,000	827,000	551,000	548,000	547,000	547,000	546,000	546,000	545,000	547,000	547,000	546,000	545,000	545,000	545,000	327,000	326,000	326,000	325,000	324,000	328,000	336,000	336,000	335,000	334,000	334,000	334,000	333,000	333,000	221,000	221,000	221,000	221,000	221,000	220,000	220,000	220,000	220,000			219,000	219,000	219,000	219,000	219,000	219,000	218,000	218,000	218,000	218,000	218,000	218,000	218,000	218,000	218,000	218,000	218,000	217,000	216,000	144,000	144,000	143,000	143,000	141,000	141,000	140,000	138,000	91,000		43,000	42,000
additional paid-in capital	54,858,000	54,762,000	54,143,000	53,994,000	53,073,000	52,941,000	52,225,000	51,385,000	50,066,000	49,789,000	49,280,000	48,663,000	47,151,000	47,188,000	46,366,000	44,867,000	60,256,000	85,718,000	85,539,000	85,578,000	85,019,000	85,070,000	84,389,000	83,816,000	79,730,000	79,465,000	78,840,000	77,789,000	76,687,000	76,814,000	79,304,000	78,366,000	76,915,000	76,413,000	75,951,000	75,740,000	74,891,000	74,175,000	73,024,000	71,405,000	70,481,000	76,468,000	91,371,000	90,975,000	88,793,000	87,370,000	86,992,000	86,787,000	85,708,000	85,077,000	82,918,000	82,679,000	82,090,000	81,834,000	81,138,000	80,078,000	79,659,000	79,324,000	78,938,000	78,428,000	77,785,000	77,444,000	76,987,000	76,477,000	76,351,000	76,236,000	75,619,000	75,305,000	75,163,000	74,307,000	74,019,000	74,570,000	74,488,000	74,393,000	73,767,000	73,601,000	73,423,000	73,345,000	72,870,000	71,045,000	70,821,000	70,634,000	70,187,000	70,111,000	68,337,000	67,433,000	66,738,000	64,265,000	63,651,000		10,973,000	10,822,000
retained earnings	708,534,000	712,048,000	713,242,000	715,907,000	713,612,000	714,166,000	713,422,000	714,554,000	711,549,000	706,784,000	699,264,000	690,544,000	673,548,000	655,920,000	635,260,000	614,480,000	587,687,000	565,129,000	543,719,000	567,234,000	549,131,000	534,436,000	559,492,000	545,031,000	529,102,000	517,577,000	503,470,000	524,055,000	510,504,000	498,595,000	484,219,000	470,329,000	457,993,000	448,542,000	384,830,000	378,339,000	370,234,000	362,837,000	355,350,000	347,727,000	340,007,000	332,625,000	324,659,000	317,089,000	309,573,000	300,222,000	292,088,000	285,271,000	278,180,000	273,727,000	253,109,000	246,460,000	255,875,000	249,909,000	242,877,000	237,872,000	230,649,000	224,756,000	219,001,000	215,345,000	210,574,000	205,530,000	200,372,000	196,480,000	192,215,000	188,743,000	184,266,000	180,213,000	174,391,000	168,264,000	164,795,000	162,142,000	159,177,000	156,112,000	151,768,000	147,174,000	141,985,000	135,249,000	127,709,000	122,656,000	115,619,000	109,245,000	102,482,000	97,667,000	92,461,000	87,677,000	82,863,000	80,131,000	76,705,000		69,753,000	68,356,000
total stockholders’ equity	764,208,000	767,625,000	768,200,000	770,716,000	767,500,000	767,922,000	766,461,000	766,753,000	762,429,000	757,386,000	749,357,000	740,020,000	721,511,000	703,919,000	682,437,000	660,157,000	648,762,000	651,677,000	630,087,000	653,641,000	634,978,000	620,333,000	644,708,000	629,398,000	609,380,000	597,589,000	582,857,000	602,390,000	587,737,000	575,954,000	564,070,000	549,242,000	535,454,000	525,500,000	461,326,000	454,624,000	445,452,000	437,338,000	428,700,000	419,457,000	410,812,000	409,421,000	416,366,000	408,400,000	398,701,000	387,926,000	379,414,000	372,392,000	364,221,000	359,137,000	336,248,000	331,923,000	340,612,000	334,374,000	326,482,000	320,359,000	313,134,000	306,732,000	300,415,000	295,904,000	290,516,000	285,140,000	279,450,000	274,907,000	270,693,000	267,090,000	262,001,000	255,736,000	249,772,000	242,789,000	239,032,000	236,930,000	233,883,000	230,723,000	225,753,000	220,993,000	215,626,000	208,812,000	200,796,000	193,917,000	186,584,000	180,023,000	172,812,000	167,921,000	160,939,000	155,251,000	149,741,000	144,534,000	140,447,000		80,769,000	79,220,000
total liabilities and stockholders’ equity	947,227,000	949,767,000	975,651,000	991,816,000	983,332,000	968,757,000	1,000,004,000	1,009,887,000	993,019,000	990,339,000	997,204,000	1,004,084,000	979,273,000	965,679,000	938,702,000	921,121,000	885,398,000	870,690,000	903,383,000	884,363,000	855,349,000	831,636,000	859,066,000	840,834,000	824,918,000	796,586,000	780,955,000	796,595,000	774,527,000		745,320,000	724,439,000	711,965,000		676,307,000	670,584,000	661,285,000		645,940,000		610,392,000		629,999,000	614,613,000	580,613,000		566,606,000	562,142,000	536,312,000		508,297,000		501,972,000	494,467,000	490,895,000		467,812,000	461,252,000	449,988,000			437,780,000	433,408,000		419,315,000	410,181,000	404,197,000		400,036,000	395,055,000	396,244,000		422,472,000	415,261,000	417,800,000		389,762,000	376,039,000	373,598,000		321,840,000	307,422,000	298,233,000		277,176,000	269,513,000			250,268,000		218,135,000
trade, less allowances of 400 and 496, respectively		85,807,000
revenue equipment		957,469,000				1,028,863,000				996,396,000				915,866,000				810,711,000				787,780,000				764,419,000				679,667,000				652,974,000				634,831,000				606,144,000				535,091,000				496,133,000		484,350,000				468,966,000				469,437,000				455,641,000				423,188,000				423,261,000				406,449,000				339,606,000				283,245,000				247,822,000				233,490,000
buildings and land		108,648,000				108,990,000				108,867,000				102,877,000				92,824,000				90,049,000				88,414,000				85,578,000				79,881,000				75,566,000				73,159,000				71,105,000				52,213,000		39,664,000				30,602,000				25,678,000				18,763,000				14,067,000				12,099,000				10,945,000				10,877,000				10,467,000				8,013,000				8,003,000
office equipment and other		62,815,000				60,884,000				57,073,000				56,089,000				52,941,000				52,294,000				51,404,000				51,185,000				50,793,000				49,156,000				45,294,000				39,776,000				31,579,000		27,122,000				24,406,000				20,507,000	518,072,000			16,723,000				13,917,000				12,070,000				11,335,000				11,797,000				9,053,000				7,667,000				7,338,000
less accumulated depreciation		-352,426,000				-370,124,000				-370,103,000				-346,665,000				-274,199,000				-275,950,000				-263,843,000				-228,200,000				-211,728,000				-201,728,000				-196,588,000				-180,223,000				-164,916,000		-156,660,000				-155,774,000				-143,563,000
commitments and contingencies
trade, less allowances of 496 and 497, respectively						89,992,000
trade, less allowances of 497 and 500, respectively										105,501,000
trade, less allowances of 500 and 348, respectively														120,702,000
trade, less allowance of 348 as of each date																		99,003,000
accrued dividends																			44,789,000
trade, less allowances of 348 and 382, respectively																						83,426,000
trade, less allowances of 382 and 348, respectively																										90,712,000
trade, less allowances of 348 and 300, respectively																														83,033,000
other assets																														2,146,000	2,281,000	2,169,000	2,062,000	1,865,000	1,856,000	1,854,000	1,966,000	2,493,000	2,881,000	3,168,000	3,356,000	3,469,000	3,572,000	3,606,000	3,581,000	3,726,000	3,923,000	3,991,000	3,489,000	3,443,000	3,206,000	613,000	606,000	597,000	588,000	579,000	570,000	561,000	552,000	543,000	535,000	526,000	526,000	537,000	559,000	595,000	664,000	770,000	833,000	1,131,000	1,544,000	2,048,000	2,672,000	3,185,000	3,917,000	4,424,000	5,033,000	5,784,000	6,618,000	6,726,000	7,509,000	7,581,000	7,546,000	7,127,000	6,661,000	6,084,000	5,918,000	5,557,000	5,845,000	5,527,000	6,237,000	6,859,000
accrued liabilities																														28,166,000				21,622,000				26,839,000				21,634,000				12,710,000				19,251,000		16,981,000				15,431,000				12,724,000				15,588,000				17,109,000				17,731,000				24,855,000				18,557,000				12,292,000				13,379,000				10,625,000
operating revenue																														787,594,000				698,120,000
operating expenses
salaries, wages and benefits																														252,047,000				226,091,000
purchased transportation																														144,611,000				118,349,000
fuel and fuel taxes																														121,633,000				105,390,000
supplies and maintenance																														40,853,000				41,613,000
depreciation																														88,585,000				85,120,000
operating taxes and licenses																														9,473,000				8,993,000
insurance and claims																														38,657,000				38,585,000
communications and utilities																														6,634,000				6,047,000
gain on disposition of revenue equipment																														-7,244,000				-5,499,000
operating income																														70,348,000				56,862,000
income before income taxes																														71,029,000				56,473,000
income taxes expense																														16,002,000
net income																														55,027,000				90,284,000
basic earnings per common share																														1,010				1,660
diluted earnings per common share																														1,000				1,650
dividends declared per common share																														100				80
accounts payable and accrued liabilities																															48,259,000	45,782,000	49,421,000		39,938,000	46,103,000	43,981,000		46,121,000	45,129,000	44,431,000		49,536,000	65,221,000	41,985,000		38,709,000	42,063,000	42,467,000		47,718,000		40,782,000	41,463,000	44,810,000		36,212,000	36,737,000	33,206,000		33,748,000	36,066,000	40,102,000		38,235,000	32,593,000	33,449,000		40,829,000	35,353,000	32,573,000		36,752,000	26,869,000	26,990,000		24,412,000	25,384,000	28,002,000		22,867,000	20,288,000	20,068,000		21,615,000	24,815,000	17,131,000		18,296,000		16,706,000
trade, less allowances of 300 and 275, respectively																																		74,886,000
long-term debt																																						7,886,000	8,549,000	4,376,000		37,867,000	26,280,000			24,373,000	24,681,000	16,757,000
gain on disposition of facilities
income taxes (benefit) expense																																		-33,811,000
trade, less allowances of 275 and 305, respectively																																						69,199,000
checks issued in excess of cash balances																																							199,000				687,000			745,000	28,000													1,066,000	587,000	693,000	923,000	1,671,000	1,241,000	1,042,000	472,000	1,807,000	1,293,000	11,000			544,000	92,000	350,000	804,000	266,000	208,000	628,000	1,446,000				2,849,000	1,172,000	1,235,000	3,269,000	549,000				130,000
total liabilities and stockholders' equity																																								627,556,000
trade, less allowances of 305 and 475, respectively																																										70,597,000
trade, less allowances of 475 and 450, respectively																																														72,263,000
trade, less allowances of 450 and 334, respectively																																																		70,869,000
long-term debt, less current maturities																																																				2,726,000										13,521,000	7,736,000	71,000			1,429,000	1,429,000	2,342,000	13,239,000	25,386,000	39,643,000	51,986,000	57,823,000	65,046,000	53,659,000	54,782,000	51,064,000	56,250,000	43,300,000	31,228,000	29,629,000	31,464,000	25,257,000	25,129,000	21,429,000	22,857,000	22,857,000	26,429,000	45,829,000	58,357,000	60,058,000
marten transport, ltd. stockholders’ equity:
total marten transport, ltd. stockholders’ equity																																																		359,137,000	336,248,000	329,360,000	338,186,000	331,964,000	324,236,000	318,170,000	310,528,000	304,300,000	298,159,000	293,993,000	288,578,000	283,193,000	277,578,000	273,176,000	268,785,000	265,198,000	260,104,000
noncontrolling interest																																																				2,563,000	2,426,000	2,410,000	2,246,000	2,189,000	2,606,000	2,432,000	2,256,000	1,911,000	1,938,000	1,947,000	1,872,000	1,731,000	1,908,000	1,892,000	1,897,000
trade, less allowances of 334 and 470, respectively																																																				66,239,000
marketable securities																																																												138,000	138,000	138,000	118,000	118,000	4,750,000	8,710,000	14,849,000	2,604,000	65,000	320,000	320,000	350,000	300,000	300,000	300,000	300,000	607,000	602,000	497,000	494,000	611,000	501,000	166,000	62,000	108,000	5,774,000	11,864,000	19,219,000	29,573,000
trade, less allowances of 470 and 170, respectively																																																								59,385,000
current maturities of long-term debt																																																												19,346,000	27,066,000		1,428,000	1,428,000	1,428,000	1,428,000	1,428,000	1,428,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,095,000	5,095,000	5,117,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000		3,571,000	3,571,000
trade, less allowances of 170 and 245, respectively																																																												51,094,000
authorized; no shares issued and outstanding
authorized; 21,950,252 shares at december 31, 2010,
and 21,885,073 shares at december 31, 2009, issued
and outstanding																																																												220,000
revenue equipment, buildings and land,
2,000,000 shares authorized; no shares
issued and outstanding
48,000,000 shares authorized; 21,934,232 shares
at september 30, 2010, and 21,885,073 shares at
december 31, 2009, issued and outstanding																																																													219,000
total liabilities and
stockholders’ equity																																																													459,999,000																										259,229,000
trade, less allowances of 245 and 380, respectively																																																																45,434,000
cash																																																																			2,176,000	2,395,000	2,411,000	1,074,000	2,566,000	3,618,000	3,690,000	4,058,000	2,928,000	2,988,000	2,611,000	2,385,000	1,864,000	1,080,000	768,000	1,752,000	160,000						1,122,000		719,000
trade, less allowances of 380 and 315, respectively																																																																				50,143,000
minority interest																																																																				1,715,000	1,702,000	1,849,000	1,639,000	1,283,000	1,301,000	1,052,000	982,000	913,000	904,000	695,000	461,000	431,000
trade, less allowances of 315 and 861, respectively																																																																								51,539,000
trade, less allowances of 861 and 928, respectively																																																																												48,005,000
trade, less allowances of 928 and 909, respectively																																																																																47,383,000
trade, less allowances of 909 and 793, respectively																																																																																				39,090,000
revenue equipment, buildings and land, office equipment, and other																																																																																					291,322,000	284,025,000	273,096,000		261,133,000		254,071,000
trade, less allowances of 793 and 892, respectively																																																																																								34,582,000
trade, less allowances of 892 and 868, respectively																																																																																												30,627,000
accumulated other comprehensive loss

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-06-30	2025-03-31	2024-12-31	2024-06-30	2024-03-31	2023-12-31	2023-06-30	2023-03-31	2022-12-31	2022-06-30	2022-03-31	2021-12-31	2021-06-30	2021-03-31	2020-12-31	2020-06-30	2020-03-31	2019-12-31	2019-06-30	2019-03-31	2018-12-31	2018-06-30	2018-03-31	2017-12-31	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31	2013-12-31	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-06-30	2003-03-31	2002-12-31	2002-06-30	2002-03-31	2001-06-30	2001-03-31

cash flows from operating activities:
operations:
net income	1,382,000	3,697,000	11,521,000	4,335,000	5,633,000	17,535,000	9,646,000	12,399,000	44,376,000	22,502,000	25,514,000	59,194,000	27,533,000	24,730,000	39,424,000	18,006,000	19,604,000	31,852,000	13,718,000	15,748,000	28,736,000	13,546,000	15,737,000	24,033,000	10,331,000	65,074,000	17,355,000	8,214,000	8,303,000	8,437,000	8,531,000	8,193,000	8,790,000	18,545,000	10,188,000	8,969,000	13,213,000	5,287,000		7,202,000	7,719,000	6,518,000	7,584,000	5,446,000	7,663,000	6,333,000	6,194,000	4,095,000	5,210,000	9,050,000	3,892,000	4,265,000	3,472,000	4,477,000	4,053,000	5,822,000	6,122,000	2,653,000	2,965,000	3,065,000	4,344,000	4,594,000	5,189,000	12,593,000	5,053,000	7,109,000	6,374,000	6,763,000	4,815,000	5,206,000	4,784,000	4,814,000	2,732,000	3,472,000		1,397,000	579,000	3,530,000	689,000	3,570,000	1,648,000
adjustments to reconcile net income to net cash from operating activities:
depreciation	25,006,000	25,168,000	54,777,000	27,470,000	27,528,000	56,733,000	28,527,000	28,748,000	58,957,000	29,530,000	29,625,000	53,008,000	26,143,000	25,964,000	51,227,000	25,687,000	25,914,000	51,399,000	25,427,000	24,842,000	46,005,000	22,543,000	22,305,000	44,008,000	21,815,000	21,245,000	42,689,000	21,383,000	21,240,000	20,790,000	20,368,000	20,047,000	19,854,000	36,138,000	17,827,000	17,754,000	33,236,000	16,371,000		15,688,000	15,790,000	15,537,000	15,042,000	14,535,000	15,173,000	14,758,000	14,084,000	13,516,000	13,383,000	25,649,000	13,037,000	12,978,000	13,272,000	13,386,000	13,433,000	13,001,000	24,308,000	11,962,000	11,692,000	11,867,000	11,727,000	11,723,000	11,537,000	21,566,000	10,674,000	10,447,000	9,447,000	9,267,000	9,068,000	8,577,000	8,256,000	8,061,000	7,863,000	7,706,000		7,289,000	7,060,000	13,658,000	6,862,000	13,288,000	6,595,000
tires in service amortization	1,492,000	1,596,000	3,218,000	1,584,000	1,641,000	3,543,000	1,763,000	1,757,000	3,584,000	1,765,000	1,743,000	3,161,000	1,562,000	1,575,000	3,263,000	1,642,000	1,638,000	3,328,000	1,706,000
gain on disposition of revenue equipment	-1,420,000	-3,317,000	-6,847,000	-1,665,000	-387,000	-3,703,000	-1,171,000	-1,802,000	-8,796,000	-5,246,000	-2,957,000	-9,352,000	-4,540,000	-4,436,000	-7,323,000	-1,984,000	-2,834,000	-3,771,000	-1,555,000	-3,343,000	-2,778,000	-1,548,000	-2,038,000	-3,371,000	-1,211,000	-617,000	-2,974,000	-1,103,000	-3,040,000	-3,325,000	-2,703,000	-1,434,000	-741,000	-2,948,000		-1,027,000	-1,941,000	-663,000		-2,415,000	-1,249,000	-1,349,000	-1,179,000	-1,525,000			-967,000	-768,000	-298,000
deferred income taxes	-1,104,000	-1,901,000	-2,936,000	-1,210,000	-9,409,000	1,476,000	-3,516,000	-3,425,000	-4,304,000	784,000	6,447,000	4,809,000	1,755,000	4,474,000	2,214,000	1,085,000	-4,792,000	1,263,000	1,768,000	9,568,000	2,601,000	819,000	-1,719,000	3,215,000	1,050,000	-49,220,000	192,000	3,416,000	3,244,000	3,416,000	3,150,000	3,680,000	15,103,000	4,612,000	2,306,000	13,217,000	2,151,000	1,076,000		1,564,000	1,099,000	1,112,000	711,000	1,900,000	2,033,000	769,000	4,417,000	2,857,000	6,621,000			25,000	1,759,000	2,073,000	1,706,000	3,411,000	1,936,000
share-based payment arrangement compensation expense	135,000	382,000	1,328,000	407,000	453,000	1,364,000	353,000	459,000	1,359,000	354,000	586,000	1,573,000	369,000	679,000	1,266,000	336,000	487,000	972,000	246,000	422,000	1,002,000	366,000	1,221,000	1,210,000	321,000	334,000	730,000	149,000	142,000	73,000	378,000	290,000	215,000	856,000	273,000	201,000	611,000	211,000		217,000	178,000	256,000	543,000	248,000	419,000	335,000	357,000	238,000	463,000	460,000	159,000	125,000	115,000	228,000	118,000	115,000	358,000	101,000	81,000	97,000	195,000	87,000
changes in other current operating items:
receivables	-2,699,000	2,369,000	-413,000	-3,571,000	3,208,000	9,185,000	6,025,000	7,264,000	13,087,000	9,135,000	1,110,000	-37,619,000	-26,256,000	-1,940,000	-7,596,000	-4,241,000	-4,121,000	14,764,000	-782,000	-12,220,000	-2,798,000	-315,000	-28,000	-8,854,000	-7,535,000	-2,909,000	3,191,000	771,000	267,000	-4,005,000	-995,000	13,251,000	-7,332,000	11,536,000	18,703,000	-11,088,000	-7,205,000	1,795,000		-307,000	2,969,000	-4,066,000	-6,005,000	-693,000			-9,120,000	3,792,000	-2,322,000			6,675,000	182,000	-4,757,000	5,612,000
prepaid expenses and other	3,023,000	-34,000	2,116,000	2,387,000	-939,000	-5,675,000	1,810,000	-1,537,000	-3,633,000	2,232,000	-4,326,000	-5,040,000	886,000	-2,673,000	-3,425,000	1,445,000	-2,276,000	-3,798,000	930,000	-1,872,000	200,000	1,899,000	-1,108,000	-66,000	624,000	-3,547,000	1,672,000	2,205,000	-2,592,000	407,000	-293,000	1,305,000	-2,331,000	948,000	1,692,000	-3,379,000	1,325,000	1,908,000		1,783,000	-2,304,000	847,000	243,000	1,150,000	-2,732,000	49,000	-797,000	1,460,000	-2,545,000	1,450,000	1,532,000	-1,794,000	714,000	335,000	2,122,000
accounts payable	4,240,000	-10,019,000	2,329,000	2,282,000	-2,281,000	2,885,000	2,197,000	-4,854,000	-1,450,000	-6,691,000	-2,471,000	19,927,000	5,572,000	-8,325,000	392,000	677,000	-432,000	951,000	617,000	3,490,000	87,000	2,098,000
insurance and claims accruals	1,153,000	2,387,000	-429,000	-760,000	1,300,000	-2,721,000	-2,720,000	735,000	1,918,000	3,220,000	83,000	3,675,000	578,000	886,000	1,843,000	2,117,000	2,966,000	4,105,000	2,695,000	1,082,000	2,804,000	1,278,000	2,808,000	-603,000	-763,000	980,000	2,371,000	1,142,000	1,679,000	361,000	295,000	870,000	1,403,000	-353,000	834,000	239,000	608,000	443,000		-250,000	511,000	913,000	-1,592,000	964,000			-2,021,000	-496,000	-302,000
accrued and other current liabilities	1,841,000	-14,746,000	4,704,000	4,956,000	-2,954,000	921,000	2,808,000	-1,699,000	-6,897,000	-8,353,000	914,000	5,334,000	6,338,000	2,361,000	2,080,000	-1,200,000	-1,263,000	3,002,000	-1,290,000	-4,621,000	-1,865,000	-3,397,000
net cash from operating activities	33,049,000	5,582,000	69,368,000	36,215,000	23,793,000	81,543,000	45,722,000	38,045,000	98,201,000	49,232,000	56,268,000	98,670,000	39,940,000	43,295,000	83,365,000	43,570,000	34,891,000	104,067,000	43,480,000	33,570,000	73,509,000	36,803,000	38,526,000	67,375,000	23,182,000	27,169,000	65,220,000	37,674,000	29,425,000	24,020,000	25,056,000	55,065,000	26,816,000	71,776,000	53,162,000	23,588,000	40,695,000	27,508,000		21,994,000	22,750,000	22,777,000	20,233,000	19,779,000	25,462,000	18,288,000	14,465,000	27,991,000	18,609,000	23,968,000	18,677,000	18,479,000	20,679,000	15,112,000	27,416,000	26,625,000	21,718,000	14,739,000	17,406,000	14,907,000	12,656,000	16,838,000	32,253,000	30,730,000	12,432,000		17,627,000	15,122,000	12,790,000		8,446,000	18,017,000	8,762,000	5,084,000		10,019,000				21,917,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0	0	0		0	0	0	0		0				0
free cash flows	33,049,000	5,582,000	69,368,000	36,215,000	23,793,000	81,543,000	45,722,000	38,045,000	98,201,000	49,232,000	56,268,000	98,670,000	39,940,000	43,295,000	83,365,000	43,570,000	34,891,000	104,067,000	43,480,000	33,570,000	73,509,000	36,803,000	38,526,000	67,375,000	23,182,000	27,169,000	65,220,000	37,674,000	29,425,000	24,020,000	25,056,000	55,065,000	26,816,000	71,776,000	53,162,000	23,588,000	40,695,000	27,508,000		21,994,000	22,750,000	22,777,000	20,233,000	19,779,000	25,462,000	18,288,000	14,465,000	27,991,000	18,609,000	23,968,000	18,677,000	18,479,000	20,679,000	15,112,000	27,416,000	26,625,000	21,718,000	14,739,000	17,406,000	14,907,000	12,656,000	16,838,000	32,253,000	30,730,000	12,432,000		17,627,000	15,122,000	12,790,000		8,446,000	18,017,000	8,762,000	5,084,000		10,019,000				21,917,000
cash flows used for investing activities:
revenue equipment additions	-11,935,000	-19,906,000	-73,141,000	-16,454,000	-57,812,000	-91,884,000	-28,443,000	-63,958,000	-118,294,000	-42,358,000	-52,021,000	-54,202,000	-9,352,000	-36,591,000	-98,877,000	-30,226,000	-27,938,000	-75,463,000	-44,086,000	-57,524,000	-60,784,000	-13,159,000	-30,304,000	-85,325,000	-37,696,000	-13,846,000	-76,210,000	-32,797,000	-43,481,000	-45,494,000	-47,144,000	-18,865,000	-34,377,000	-68,524,000		-28,893,000	-66,115,000	-27,543,000		-23,989,000	-13,873,000	-28,523,000	-50,794,000	-28,587,000			-12,951,000	-10,192,000	-15,364,000
proceeds from revenue equipment dispositions	9,211,000	12,304,000	34,337,000	10,481,000	13,373,000	47,658,000	10,075,000	16,884,000	34,000,000	16,218,000	13,168,000	23,854,000	12,365,000	17,071,000	38,995,000	13,896,000	17,313,000	19,788,000	9,459,000	16,500,000	18,879,000	8,529,000	18,822,000	31,954,000	14,924,000	7,641,000	31,304,000	12,594,000	16,985,000	18,985,000	18,586,000	10,526,000	12,560,000	28,867,000	13,291,000	8,504,000	21,439,000	9,850,000		14,478,000	5,113,000	10,415,000	13,736,000	17,370,000	8,276,000	11,214,000	9,514,000	7,453,000	8,330,000	24,052,000	10,017,000	9,840,000	10,207,000	8,054,000	4,775,000	7,365,000	17,524,000	7,763,000	7,657,000	3,641,000	7,840,000	8,801,000	7,745,000	21,085,000	12,371,000	8,634,000
buildings and land, office equipment and other additions		415,000	-2,672,000	-2,388,000	-528,000	-3,758,000	-1,840,000	-1,028,000	-4,311,000	-2,106,000	-3,697,000	-4,618,000	-2,566,000	-2,072,000	-1,520,000	-1,050,000	-1,960,000	-3,476,000	-1,966,000	-1,301,000	-2,248,000	-1,256,000	-964,000	-5,788,000	-4,611,000	-5,136,000	-2,034,000	-743,000	-1,953,000	-2,652,000	-1,566,000	-1,198,000	-1,698,000	-8,280,000		-3,015,000	-24,839,000	-3,682,000		-1,743,000	-1,826,000	-4,739,000	-3,064,000	-3,947,000			-3,639,000	-2,257,000	-2,830,000
proceeds from buildings and land, office equipment and other dispositions	1,171,000				76,000	8,000	8,000	32,000	11,000	11,000							8,000												10,000	6,000			1,969,000	4,625,000	4,616,000	11,000				2,000	84,000				2,000	0				86,000	85,000	-7,000	-105,000	33,000	110,000		2,000	2,000	8,000	0	607,000	2,000
other	-54,000	0	-52,000	-52,000	0	-49,000	-49,000	0	-45,000	-45,000	0	-38,000	-38,000	-1,000	-36,000	-37,000	0	-39,000	-39,000	0	-25,000	-25,000	13,000	-18,000	-9,000	-9,000	-25,000	-16,000	-9,000	-9,000	-8,000	-16,000	-9,000	-23,000		-10,000	-18,000	-9,000		91,000	-7,000	-9,000	-9,000	-9,000		-9,000
net cash from investing activities	-1,607,000	-7,135,000	-41,528,000	-8,413,000	-44,891,000	-48,025,000	-20,249,000	-48,070,000	-88,639,000	-28,280,000	-42,542,000	-35,004,000	409,000	-21,592,000	-61,438,000	-17,417,000	-12,577,000	-59,190,000	-36,632,000	-41,151,000	-44,178,000	-5,911,000	-12,428,000	-59,177,000	-27,392,000	-11,303,000	-46,965,000	-20,962,000	-28,448,000	-29,164,000	-30,125,000	-9,553,000	-21,555,000	-43,335,000		-23,403,000	-69,533,000	-21,384,000		-13,085,000	-10,509,000	-22,302,000	-40,131,000	-15,173,000			-7,012,000	-4,867,000	-9,872,000								2,770,000
cash flows used for financing activities:
dividends on common stock	-4,896,000	-4,891,000	-9,780,000	-4,889,000	-4,889,000	-9,765,000	-4,881,000	-4,879,000	-9,752,000	-4,874,000		-9,843,000	-4,975,000		-6,626,000	-3,311,000	-44,661,000	-4,398,000	-2,193,000	-1,641,000	-3,276,000	-1,637,000	-1,361,000	-2,731,000	-1,365,000	-1,362,000	-1,635,000	-817,000	-816,000	-814,000	-811,000	-811,000	-824,000	-1,678,000		-835,000	-1,669,000	-834,000		-553,000	-17,134,000	-552,000	-552,000	-441,000			-439,000	-439,000	-439,000
issuance of common stock from share-based payment arrangement exercises and vesting of performance unit awards	238,000		9,000	9,000		615,000	307,000
employee taxes paid in exchange for shares withheld	-276,000	0	-284,000	-284,000	0	-382,000	-382,000	0	-926,000	-926,000	0	-1,610,000	-1,610,000	-817,000	-1,253,000	-547,000	0	-437,000	-437,000	0	-784,000	-784,000	0	-104,000	-104,000	0	-47,000	-47,000	0	0	0	-127,000
net cash from financing activities	-4,934,000	-4,654,000	-10,055,000	-5,164,000	-4,625,000	-9,532,000	-4,956,000	-4,829,000	-9,634,000	-5,264,000	-4,618,000	-52,287,000	-30,817,000	-48,608,000	-7,382,000	-3,697,000	-44,466,000	-1,015,000	-2,173,000	-1,438,000	-3,302,000	-2,129,000	-5,074,000	-1,986,000	-1,183,000	-1,234,000	-8,685,000	-8,135,000	-664,000	5,111,000	4,121,000	-44,790,000	-4,972,000	-24,065,000		-249,000	16,144,000	-459,000		-3,341,000	-13,895,000	-597,000	-491,000	211,000			-491,000	-20,389,000	-7,801,000		7,326,000										-7,079,000	11,002,000	-508,000	8,431,000	13,779,000		2,128,000	-1,897,000	3,409,000	2,839,000	9,800,000	3,025,000	11,432,000
net change in cash and cash equivalents and escrow deposit	26,508,000	-6,207,000
cash and cash equivalents and escrow deposit:
beginning of period	48,278,000		17,267,000	17,267,000		53,213,000	53,213,000		80,600,000	80,600,000		56,995,000	56,995,000		66,127,000	66,127,000		31,461,000	31,461,000		56,763,000	56,763,000		15,791,000	15,791,000		488,000	488,000		0	0	434,000		123,000	123,000		13,650,000	13,650,000		3,473,000		0	0	20,821,000		0	0	5,306,000		5,410,000	5,410,000		0	0	2,395,000		3,618,000	3,618,000		0	0	2,988,000		1,080,000	1,080,000													1,990,000	1,990,000
end of period	74,786,000		35,052,000	39,905,000		77,199,000	73,730,000		80,528,000	96,288,000		68,374,000	66,527,000		80,672,000	88,583,000		75,323,000	36,136,000		82,792,000	85,526,000		22,003,000	10,398,000		10,058,000	9,065,000		-33,000	-948,000	1,156,000		4,499,000	21,700,000		956,000	19,315,000		9,041,000		-122,000	-20,389,000	25,638,000		5,511,000	6,962,000	8,041,000		3,563,000	4,347,000		-93,000	5,808,000	2,176,000		1,074,000	2,566,000		-368,000	1,130,000	2,928,000		2,385,000	1,864,000		-984,000	1,592,000	160,000							719,000
supplemental non-cash disclosure:
change in property and equipment not yet paid	-3,688,000	-1,004,000	13,734,000	8,673,000	-17,352,000	3,109,000	-6,780,000	930,000	5,870,000	2,561,000	338,000	9,765,000	4,392,000	-6,879,000	10,585,000	5,505,000	875,000	-5,985,000	11,107,000	-10,278,000	11,418,000	5,030,000	-1,380,000	-2,790,000	12,493,000	1,685,000	3,156,000	1,139,000	-4,770,000	2,749,000	6,418,000	114,000	-7,384,000	30,210,000	5,315,000
operating lease assets and liabilities acquired		-116,000	287,000	171,000	0	88,000		0									0	88,000	88,000
reconciliation of cash and cash equivalents and escrow deposit in the consolidated condensed balance sheets:
cash and cash equivalents	69,786,000	-6,207,000
escrow deposit	5,000,000	0
total cash and cash equivalents and escrow deposit shown above	74,786,000	-6,207,000
issuance of common stock from share-based payment arrangement exercises and vesting of performance awards
beginning of year
end of year
supplemental disclosure of cash flow information:
cash paid for:
income taxes					10,497,000			17,618,000			7,236,000			4,505,000	8,319,000	1,350,000	12,437,000	987,000		506,000	4,143,000	1,382,000	6,721,000	848,000	463,000	3,324,000	7,892,000	290,000	2,626,000	1,036,000	3,303,000	-6,934,000	6,572,000	-7,440,000		6,765,000	11,765,000	2,347,000		3,697,000	2,113,000	2,456,000	3,588,000	679,000			623,000	-8,517,000	193,000	9,736,000	2,047,000	1,124,000	162,000	2,165,000	1,454,000	420,000	3,575,000	2,669,000	941,000	4,045,000	1,571,000	72,000	1,341,000	301,000	243,000	1,774,000	926,000	340,000	-74,000	1,058,000	2,838,000	243,000	474,000	978,000	-474,000	74,000	-807,000	-424,000		-378,000	170,000
interest								0			13,000									13,000	23,000	11,000	14,000	20,000	8,000	110,000	29,000	24,000	40,000	47,000	40,000	87,000	116,000	53,000	28,000	65,000	47,000	24,000		2,000	3,000				4,000	0	3,000	29,000	60,000	115,000	45,000	36,000	35,000	65,000	64,000	159,000	864,000	544,000	869,000	933,000	1,132,000	1,032,000	882,000	1,564,000	744,000	663,000	512,000	606,000	566,000	576,000	512,000	520,000	523,000	582,000	1,596,000	798,000	799,000	1,920,000	963,000	3,131,000	1,710,000
reconciliation of cash and cash equivalents and escrow deposit in the consolidated balance sheets:
cash paid for income taxes			7,390,000			2,362,000			6,809,000	22,000		9,045,000	872,000
reconciliation of cash and cash equivalents and escrow deposit in the consolidated condensed balance sheets
net change in cash and cash equivalents			17,785,000	22,638,000	-25,723,000	23,986,000	20,517,000	-14,854,000	-72,000	15,688,000	9,108,000	11,379,000	9,532,000	-26,905,000	14,545,000	22,456,000	-22,152,000	43,862,000	4,675,000	-9,019,000	26,029,000	28,763,000	21,024,000	6,212,000	-5,393,000	14,632,000	9,570,000	8,577,000	313,000	-33,000	-948,000	722,000	289,000	4,376,000	21,577,000	-64,000	-12,694,000	5,665,000			-1,654,000	-122,000	-20,389,000	4,817,000	307,000	5,511,000	6,962,000	2,735,000	936,000			-2,481,000	-93,000
cash and cash equivalents:
repurchase and retirement of common stock											0	-41,753,000	-25,000,000				0	-597,000	-597,000										0	0	0	-7,513,000
issuance of common stock from share-based payment arrangement exercises, deferred compensation plan distributions and vesting of performance unit awards								50,000	1,044,000	536,000	236,000	919,000	768,000	318,000
cash flows from investing activities:
gain on disposition of facility																	0																	-3,712,000
dividends paid on common stock
dividends declared and not yet paid
equity in loss from affiliate																										0	264,000	143,000		296,000	196,000	129,000
disposition of investment in affiliate
issuance of common stock from share-based payment arrangement exercises															497,000	161,000	195,000	4,417,000	1,054,000	203,000	758,000	292,000	43,000	849,000	286,000	128,000	883,000	615,000	908,000	1,454,000	526,000	1,528,000	1,127,000	2,303,000	973,000	159,000	966,000	370,000		22,000	352,000	0	75,000	541,000	0	0	32,000	105,000		234,000	160,000	0	0	244,000	88,000	0	98,000	82,000	0	0	238,000	65,000	52,000	753,000	663,000
equity in loss (earnings) from affiliate																				11,000	68,000	51,000
distribution from affiliate																							182,000	45,000		0	400,000	400,000
adoption of accounting standard																							0	485,000	485,000
borrowings under credit facility and long-term debt																										10,015,000	30,816,000	30,816,000	49,559,000	54,084,000	39,819,000	36,225,000	47,471,000	13,444,000	13,444,000	65,532,000	26,875,000			2,649,000	7,301,000	9,551,000			2,250,000	0	53,000	35,329,000	38,986,000	69,650,000	27,946,000					24,058,000	81,925,000	37,209,000	36,614,000	30,321,000	29,612,000	42,558,000	33,825,000	63,798,000	38,902,000	50,565,000	25,000,000	22,000,000	33,152,000
repayment of borrowings under credit facility and long-term debt																										-10,015,000	-38,702,000	-38,702,000	-50,222,000	-49,911,000	-35,443,000	-74,092,000	-35,884,000	-37,817,000		-65,840,000	-10,118,000			-5,375,000	-4,575,000	-9,551,000					-53,000	-54,675,000	-46,706,000
cash in lieu of fractional shares from stock split																										0
net noncurrent operating lease assets and liabilities																					-553,000	-537,000
equity in (earnings) loss from affiliate																							-60,000	-331,000	-188,000
tax benefits from share-based payment arrangement exercises																																	-78,000	448,000	178,000	18,000	134,000	50,000			59,000	0	78,000	272,000	0	0	-3,000	167,000	112,000	273,000	191,000	1,000	0	145,000	109,000	27,000	91,000	76,000	1,000	-2,000	193,000	14,000
accrued liabilities
accounts payable and accrued liabilities																								7,604,000	-1,747,000		-670,000	954,000		-2,424,000	-3,862,000	8,903,000		5,991,000	6,034,000		-817,000	1,072,000		-1,572,000		2,948,000	4,630,000	-2,464,000		-4,838,000	2,061,000	3,142,000		115,000	3,813,000				311,000
gain on disposition of facilities
change in checks issued in excess of cash balances																																	-687,000	-745,000
tax deficiencies from share-based payment arrangement exercises
adjustments to reconcile net income to net cash provided by operating activities:
excess tax benefits from share-based payment arrangement exercises																													-106,000	-99,000			0	-428,000	159,000	-18,000	-90,000	-5,000			-54,000	0	-67,000	-215,000	-284,000	284,000	7,000	-149,000		235,000	164,000	1,000	0	129,000	93,000	24,000	73,000	61,000	0	-2,000	164,000	4,000	25,000	1,152,000	984,000
cash flows from financing activities:
tax (deficiencies) benefits from share-based payment arrangement exercises																														93,000	21,000	-169,000
income before income taxes attributable to noncontrolling interest																																								84,000	30,000	61,000	245,000	161,000	99,000	318,000	253,000	137,000	266,000	57,000	56,000	230,000
decrease in cash and cash equivalents resulting from change to equity method of accounting																																								-1,924,000
noncontrolling interest distributions																																									107,000								-293,000
equity in earnings from affiliate																																		143,000	159,000	207,000	-530,000	-37,000
change in net checks issued in excess of cash balances																																				717,000											0	-1,066,000	479,000							514,000	11,000													1,677,000	-63,000	-2,034,000	2,720,000		494,000			1,174,000
cash flows provided by (used for) financing activities:
change in property and equipment not yet paid for																																				-8,237,000	4,837,000	3,469,000		15,861,000	-8,528,000	-3,629,000	-7,977,000	13,931,000	-3,824,000	4,313,000	1,470,000	-460,000
adjustments to reconcile net income to net cash flows from operating activities:
net cash flows from operating activities
net cash flows used for investing activities
net cash flows used for financing activities
item no.
31.1
31.2
32.1
101
noncontrolling interest distributions and other																																								-84,000			-81,000	-104,000			-77,000	208,000		159,000	85,000
net increase in cash and cash equivalents																																								5,568,000
non-cash investing activities:
purchases of marketable securities																																																	0
sales of marketable securities																																																138,000				8,139,000	43,611,000	41,174,000	22,732,000	25,607,000	30,000	30,000					2,139,000	1,690,000		1,941,000	12,236,000	13,226,000	4,692,000	8,045,000	19,410,000	30,754,000	31,101,000
net change in other assets																																																-9,000	-8,000	11,000	11,000	22,000	36,000	69,000	106,000	63,000	917,000	504,000	624,000	513,000	732,000	507,000	609,000	942,000	108,000									288,000	1,332,000	622,000					-110,000
excess tax benefits from share-based
payment arrangement exercises
proceeds from buildings and land, office equipment
and other dispositions
issuance of common stock from share-based payment
arrangement exercises
adjustments to reconcile net income to net cash flows
from operating activities:
change in revenue equipment not yet paid for																																																		4,055,000	4,393,000	-3,806,000	2,696,000	-422,000	244,000	-1,310,000	-1,627,000	-2,412,000	-2,012,000	5,150,000	-1,753,000	-11,618,000
cash flows provided by operating activities:
net cash from (used for) financing activities																																																		11,672,000
income before income taxes attributable to noncontrolling interest, net of distributions
other current liabilities																																																						321,000	334,000
cash flows (used for) provided by investing activities:
income before income taxes attributable to noncontrolling interest, net of distributions and other																																																							182,000
net change in cash																																																											-72,000	-368,000			377,000	1,305,000	784,000	-543,000	-984,000	1,592,000	160,000							719,000
cash:
minority interest in earnings of affiliate, net of distributions																																																								13,000	566,000	356,000
changes in other current operating items																																																										1,155,000				312,000														1,190,000				3,046,000
minority interest in undistributed earnings of affiliate																																																											-18,000	249,000	70,000	69,000	9,000	264,000	30,000
deferred tax provision																																																													-231,000	1,223,000	303,000	4,825,000	3,295,000	3,344,000	2,685,000	2,884,000	2,858,000	3,744,000			175,000	640,000		230,000	93,000	1,747,000	618,000	2,436,000	1,207,000
cash flows provided by financing activities:
revenue equipment not yet paid for
share-based payment arrangements compensation expense																																																																261,000	62,000
tax benefit of stock option exercises																																																																		122,000	97,000	153,000	38,000	788,000	407,000	299,000	1,118,000
net cash provided by operating activities																																																																													6,544,000	16,146,000	4,471,000
net cash used for investing activities
issuance of common stock from offering
issuance of common stock from stock option exercises																																																																		102,000	90,000	295,000	38,000	988,000	497,000	397,000	1,357,000
net cash provided by financing activities
property additions:
revenue equipment																																																																																	-3,598,000
loss on disposition of revenue equipment
borrowings under credit facility
cash paid (received) for:
supplemental disclosure of noncash investing activities:
lease receivables from disposition of revenue equipment
buildings and land, office equipment, and other additions
long-term borrowings																																																																										0	30,300,000	20,300,000	28,600,000	27,600,000	12,800,000	30,600,000	11,900,000
repayment of long-term borrowings																																																																											-43,100,000						-20,260,000
purchases and sales of marketable securities
issuance of common stock																																																																											752,000	152,000	9,000	522,000	522,000
repurchase of common stock
net cash (used for) provided by financing activities
net cash used for financing activities
other comprehensive loss																																																																																	-186,000
common stock repurchased
adjustments to reconcile net
income to net cash flows
gain on disposition of revenue
equipment																																																																																	-139,000
changes in other current
operating items																																																																																	2,977,000
net cash from
operating activities																																																																																	12,102,000
buildings and land, office equipment,
and other additions																																																																																	-34,000
net cash from investing
activities																																																																																	-3,742,000
financing activities																																																																																	-8,360,000

Marten Transport, Ltd(NASDAQ:MRTN)

Marten Transport, Ltd
(NASDAQ:MRTN)