COVENANT LOGISTICS GROUP INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
CVLG$32.74+0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
**FOR THE YEARS ENDED DECEMBER 31,**2023, 2022, and 2021
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Net income | $ 55,229 | $ 108,682 | $ 60,731 |
| Other comprehensive income: | |||
| Unrealized gain on effective portion of cash flow hedges, net of tax of ($36), ($776), and ($263) in 2023, 2022, and 2021, respectively | 103 | 2,254 | 817 |
| Reclassification of cash flow hedge losses into statement of operations, net of tax of $130, ($47), and ($78) in 2023, 2022, and 2021, respectively | (373) | 138 | 191 |
| Unrealized holding gain on investments classified as available-for-sale | - | - | (63) |
| Total other comprehensive income | (270) | 2,392 | 945 |
| Comprehensive income | $ 54,959 | $ 111,074 | $ 61,676 |
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