Schneider National Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
View on SEC.govAbout 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.
Sep 30, 2024 · Filed Nov 6, 2024
SNDR$29.05+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets (Unaudited)
(in millions, except share data)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $179.0 | $102.4 |
| Marketable securities | 52.6 | 57.2 |
| Trade accounts receivable—net of allowance of $7.0 million and $15.0 million, respectively | 541.1 | 575.7 |
| Other receivables | 30.3 | 61.9 |
| Current portion of lease receivables—net of allowance of $0.9 million and $1.0 million, respectively | 88.1 | 93.3 |
| Inventories—net | 83.3 | 117.9 |
| Prepaid expenses and other current assets | 113.4 | 102.5 |
| Total current assets | 1,087.8 | 1,110.9 |
| Noncurrent Assets: | ||
| Property and equipment: | ||
| Transportation equipment | 3,852.3 | 3,781.0 |
| Land, buildings, and improvements | 231.7 | 226.1 |
| Other property and equipment | 182.3 | 180.2 |
| Total property and equipment | 4,266.3 | 4,187.3 |
| Less accumulated depreciation | 1,685.1 | 1,605.6 |
| Net property and equipment | 2,581.2 | 2,581.7 |
| Lease receivables | 142.7 | 130.2 |
| Internal use software and other noncurrent assets | 431.3 | 402.7 |
| Goodwill | 331.7 | 331.7 |
| Total noncurrent assets | 3,486.9 | 3,446.3 |
| Total Assets | $4,574.7 | $4,557.2 |
| Liabilities and Shareholders’ Equity | ||
| Current Liabilities: | ||
| Trade accounts payable | $208.5 | $241.3 |
| Accrued salaries, wages, and benefits | 91.1 | 66.7 |
| Claims accruals—current | 96.4 | 89.2 |
| Current maturities of debt and finance lease obligations | 139.0 | 104.5 |
| Other current liabilities | 122.2 | 104.5 |
| Total current liabilities | 657.2 | 606.2 |
| Noncurrent Liabilities: | ||
| Long-term debt and finance lease obligations | 124.7 | 197.6 |
| Claims accruals—noncurrent | 159.4 | 92.7 |
| Deferred income taxes | 569.0 | 595.7 |
| Other noncurrent liabilities | 97.2 | 108.2 |
| Total noncurrent liabilities | 950.3 | 994.2 |
| Total Liabilities | 1,607.5 | 1,600.4 |
| Commitments and Contingencies (Note 12) | ||
| 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, 95,965,392 and 95,796,669 shares issued and 92,155,677 and 92,931,242 shares outstanding, respectively | — | — |
| Additional paid-in capital | 1,600.5 | 1,595.2 |
| Retained earnings | 1,466.0 | 1,431.9 |
| Accumulated other comprehensive loss | (2.9) | (3.4) |
| Treasury stock, at cost, 3,795,036 and 2,505,267 shares, respectively | (96.4) | (66.9) |
| Total Shareholders’ Equity | 2,967.2 | 2,956.8 |
| Total Liabilities and Shareholders’ Equity | $4,574.7 | $4,557.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.