PAMT CORP
For the period ended Dec 31, 2025. Filed Mar 12, 2026.
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FY2025 · Filed Mar 12, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - December 31, 2025 and 2024
PAMT CORP AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2025 AND 2024 (in thousands, except share and per share data)
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $35,234 | $68,060 |
| Accounts receivable—net: | ||
| Trade, less current estimated credit loss of $8,415 and $6,636, respectively | 66,882 | 79,967 |
| Other | 6,757 | 4,854 |
| Inventories | 2,332 | 2,433 |
| Prepaid expenses and deposits | 9,807 | 11,555 |
| Marketable equity securities | 48,488 | 42,620 |
| Income taxes refundable | 1,732 | 2,281 |
| Total current assets | 171,232 | 211,770 |
| PROPERTY AND EQUIPMENT: | ||
| Land | 30,064 | 30,426 |
| Structures and improvements | 58,458 | 53,620 |
| Revenue equipment | 687,291 | 733,181 |
| Office furniture and equipment | 16,578 | 19,263 |
| Total property and equipment | 792,391 | 836,490 |
| Accumulated depreciation | (275,554) | (309,272) |
| Net property and equipment | 516,837 | 527,218 |
| OTHER ASSETS | 9,843 | 2,666 |
| TOTAL ASSETS | $697,912 | $741,654 |
(Continued)
See notes to consolidated financial statements.
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CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2025 AND 2024 (in thousands, except share and per share data)
| LIABILITIES AND STOCKHOLDERS' EQUITY | 2025 | 2024 |
|---|---|---|
| CURRENT LIABILITIES: | ||
| Accounts payable | $32,752 | $31,198 |
| Accrued expenses and other liabilities | 41,078 | 14,569 |
| Current maturities of long-term debt | 65,542 | 73,017 |
| Total current liabilities | 139,372 | 118,784 |
| Long-term debt—less current portion | 268,327 | 252,565 |
| Deferred income taxes | 73,689 | 92,547 |
| Other long-term liabilities | 6,040 | 250 |
| Total liabilities | 487,428 | 464,146 |
| COMMITMENTS AND CONTINGENCIES (Note 16) | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued | - | - |
| Common stock, $.01 par value, 100,000,000 shares authorized; 22,377,606 and 22,364,120 shares issued; 20,926,020 and 21,782,534 shares outstanding at December 31, 2025 and 2024, respectively | 224 | 224 |
| Additional paid-in capital | 41,682 | 41,171 |
| Treasury stock, at cost; 1,451,586 and 581,586 shares at December 31, 2025 and 2024, respectively | (28,924) | (13,996) |
| Retained earnings | 197,502 | 250,109 |
| Total stockholders’ equity | 210,484 | 277,508 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $697,912 | $741,654 |
(Concluded)
See notes to consolidated financial statements.
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