Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Item 8. Financial Statements and Supplementary Data
| ITEM 8. | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
|---|
The Consolidated Financial Statements of the Company as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022, and 2021, together with related notes and the report of Grant Thornton LLP, independent registered public accountants, are set forth on the following pages. Other required financial information set forth herein is more fully described in Item 15 of this Annual Report.
Audited Financial Statements of Knight-Swift Transportation Holdings Inc.
| Index to Consolidated Financial Statements | ||
|---|---|---|
| Consolidated Financial Statements | Page | |
| Report of independent registered public accounting firm [PCAOB ID Number 248] | 75 | |
| Consolidated balance sheets as of December 31, 2023 and 2023 | 78 | |
| Consolidated statements of comprehensive income for the years ended December 31, 2023, 2022, and 2021 | 79 | |
| Consolidated statements of stockholders’ equity for the years ended December 31, 2023, 2022, and, 2021 | 80 | |
| Consolidated statements of cash flows for the years ended December 31, 2023, 2022, and, 2021 | 81 | |
| Notes to Consolidated Financial Statements | ||
| Note 1 | Introduction and Basis of Presentation | 83 |
| Note 2 | Summary of Significant Accounting Policies | 84 |
| Note 3 | Recently Issued Accounting Pronouncements | 91 |
| Note 4 | Acquisitions | 93 |
| Note 5 | Investments | 95 |
| Note 6 | Equity Investments | 96 |
| Note 7 | Trade Receivables, net | 98 |
| Note 8 | Notes Receivable, net | 98 |
| Note 9 | Assets Held for Sale | 99 |
| Note 10 | Goodwill and Other Intangible Assets | 99 |
| Note 11 | Accrued Payroll and Purchased Transportation and Accrued Liabilities | 100 |
| Note 12 | Claims Accruals | 101 |
| Note 13 | Income Taxes | 102 |
| Note 14 | Accounts Receivable Securitization | 104 |
| Note 15 | Debt and Financing | 105 |
| Note 16 | Leases | 108 |
| Note 17 | Defined Benefit Pension Plan | 110 |
| Note 18 | Purchase Commitments | 111 |
| Note 19 | Contingencies and Legal Proceedings | 112 |
| Note 20 | Share Repurchase Plans | 115 |
| Note 21 | Stock-based Compensation | 115 |
| Note 22 | Weighted Average Shares Outstanding | 119 |
| Note 23 | Fair Value Measurement | 119 |
| Note 24 | Related Party Transactions | 123 |
| Note 25 | Information by Segment, Geography, and Customer Concentration | 124 |
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