Schneider National Inc

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

SNDR$28.92+4.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in millions, except share data)

	December 31, 2023	December 31, 2022
Assets
Current Assets:
Cash and cash equivalents	$102.4	$385.7
Marketable securities	57.2	45.9
Trade accounts receivable—net of allowance of $15.0 million and $13.7 million, respectively	575.7	643.7
Other receivables	61.9	21.3
Current portion of lease receivables—net of allowance of $1.0 million and $1.3 million, respectively	93.3	111.2
Inventories—net	117.9	53.0
Prepaid expenses and other current assets	102.5	89.5
Total current assets	1,110.9	1,350.3
Noncurrent Assets:
Property and equipment:
Transportation equipment	3,781.0	3,410.7
Land, buildings, and improvements	226.1	219.0
Other property and equipment	180.2	174.1
Total property and equipment	4,187.3	3,803.8
Less accumulated depreciation	1,605.6	1,523.8
Net property and equipment	2,581.7	2,280.0
Lease receivables	130.2	163.1
Internal use software and other noncurrent assets	402.7	296.6
Goodwill	331.7	228.2
Total noncurrent assets	3,446.3	2,967.9
Total Assets	$4,557.2	$4,318.2
Liabilities and Shareholders’ Equity
Current Liabilities:
Trade accounts payable	$241.3	$276.7
Accrued salaries, wages, and benefits	66.7	97.8
Claims accruals—current	89.2	75.5
Current maturities of debt and finance lease obligations	104.5	73.3
Other current liabilities	104.5	113.6
Total current liabilities	606.2	636.9
Noncurrent Liabilities:
Long-term debt and finance lease obligations	197.6	141.8
Claims accruals—noncurrent	92.7	95.2
Deferred income taxes	595.7	538.2
Other noncurrent liabilities	108.2	68.9
Total noncurrent liabilities	994.2	844.1
Total Liabilities	1,600.4	1,481.0
Commitments and Contingencies (Note 13)
Shareholders’ Equity:
Preferred shares, no par value, 50,000,000 shares authorized, no shares issued or outstanding	—	—
Class A common shares, no par value, 250,000,000 shares authorized, 83,029,500 shares issued and outstanding	—	—
Class B common shares, no par value, 750,000,000 shares authorized, 95,796,669 and 95,655,907 shares issued, and 92,931,242 and 94,993,144 shares outstanding, respectively	—	—
Additional paid-in capital	1,595.2	1,584.4
Retained earnings	1,431.9	1,257.8
Accumulated other comprehensive loss	(3.4)	(5.0)
Treasury stock at cost (2,505,267 and no shares)	(66.9)	—
Total Shareholders’ Equity	2,956.8	2,837.2
Total Liabilities and Shareholders’ Equity	$4,557.2	$4,318.2

ContentsView on SEC.gov

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