Knight-Swift Transportation Holdings Inc.

For the period ended Mar 31, 2026. Filed Apr 29, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 29, 2026

KNX$62.11+1.1%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows (Unaudited) —

	Quarter Ended March 31,
	2026	2025
(In thousands)
Cash flows from operating activities:
Net (loss) income	$(1,413)	$30,229
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment, and intangibles	195,711	196,725
Gain on sale of property and equipment	(7,898)	(15,542)
Impairments	882	28
Deferred income taxes	(10,115)	(22,434)
Non-cash lease expense	41,643	36,587
Gain on equity securities	(109)	(121)
Other adjustments to reconcile net (loss) income to net cash provided by operating activities	13,412	2,618
Increase (decrease) in cash resulting from changes in:
Trade receivables	(123,809)	(67,280)
Income tax receivable	9,734	23,737
Accounts payable	39,448	(28,559)
Accrued liabilities and claims accrual	23,542	(9,135)
Operating lease liabilities	(41,417)	(35,457)
Other assets and liabilities	2,929	(1,967)
Net cash provided by operating activities	142,540	109,429
Cash flows from investing activities:
Proceeds from sale of property and equipment, including assets held for sale	44,434	82,610
Purchases of property and equipment	(130,037)	(122,048)
Expenditures on assets held for sale	—	(334)
Acquisition of leased assets	—	(10,425)
Other cash flows provided by (used in) investing activities	2,025	(4,022)
Net cash used in investing activities	(83,578)	(54,219)
Cash flows from financing activities:
Repayments of finance leases and long-term debt	(56,942)	(71,518)
Borrowings on revolving lines of credit	62,000	118,000
Repayments on revolving lines of credit	(30,000)	(70,000)
Borrowings under accounts receivable securitization	—	10,000
Repayments of accounts receivable securitization	—	(35,000)
Proceeds from common stock issued	1,010	1,066
Dividends paid	(32,688)	(29,313)
Other cash flows (used in) provided by financing activities	(11,504)	462
Net cash used in financing activities	(68,124)	(76,303)
Net decrease in cash, restricted cash, and equivalents	(9,162)	(21,093)
Cash, restricted cash, and equivalents at beginning of period	308,740	370,230
Cash, restricted cash, and equivalents at end of period	$299,578	$349,137

Condensed Consolidated Statements of Cash Flows (Unaudited) — Continued

	Quarter Ended March 31,
	2026	2025
(In thousands)
Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest	$30,164	$39,660
Income taxes	46	(765)
Non-cash investing and financing activities:
Equipment acquired included in accounts payable	$20,261	$28,360
Transfers from property and equipment to assets held for sale	22,289	35,177
Right-of-use assets obtained in exchange for operating lease liabilities	43,244	19,851

Reconciliation of Cash, Restricted Cash, and Equivalents:	March 31,2026	December 31,2025	March 31,2025	December 31,2024
(In thousands)
Consolidated Balance Sheets
Cash and cash equivalents	$222,774	$220,420	$209,480	$218,261
Cash and cash equivalents – restricted 1	70,447	82,381	135,152	147,684
Other long-term assets 1	6,357	5,939	4,505	4,285
Consolidated Statements of Cash Flows
Cash, restricted cash, and equivalents	$299,578	$308,740	$349,137	$370,230

1 Reflects cash and cash equivalents that are primarily restricted for claims payments.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.