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$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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Table of Contents
QUARTERLY REPORT ON FORM 10-Q
For the Quarter Ended September 30, 2024
TABLE OF CONTENTS
| Page | |||
|---|---|---|---|
| Cautionary Note Regarding Forward-Looking Statements | 1 | ||
| PART I. FINANCIAL INFORMATION | |||
| ITEM 1. | Financial Statements | 2 | |
| Consolidated Statements of Comprehensive Income (Unaudited) | 2 | ||
| Consolidated Balance Sheets (Unaudited) | 3 | ||
| Consolidated Statements of Cash Flows (Unaudited) | 4 | ||
| Consolidated Statements of Shareholders’ Equity (Unaudited) | 6 | ||
| Notes to Consolidated Financial Statements (Unaudited) | 8 | ||
| Page | |||
| Note 1 | General | 8 | |
| Note 2 | Acquisitions | 8 | |
| Note 3 | Revenue Recognition | 8 | |
| Note 4 | Fair Value | 9 | |
| Note 5 | Investments | 10 | |
| Note 6 | Goodwill and Other Intangible Assets | 11 | |
| Note 7 | Debt and Credit Facilities | 12 | |
| Note 8 | Leases | 12 | |
| Note 9 | Income Taxes | 14 | |
| Note 10 | Common Equity | 14 | |
| Note 11 | Share-Based Compensation | 15 | |
| Note 12 | Commitments and Contingencies | 15 | |
| Note 13 | Segment Reporting | 16 | |
| ITEM 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 18 | |
| ITEM 3. | Quantitative and Qualitative Disclosures about Market Risk | 32 | |
| ITEM 4. | Controls and Procedures | 32 | |
| PART II. OTHER INFORMATION | |||
| ITEM 1. | Legal Proceedings | 33 | |
| ITEM 1A. | Risk Factors | 33 | |
| ITEM 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 33 | |
| ITEM 3. | Defaults Upon Senior Securities | 33 | |
| ITEM 4. | Mine Safety Disclosures | 33 | |
| ITEM 5. | Other Information | 33 | |
| ITEM 6. | Exhibits | 34 | |
| Signature | 35 | ||
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GLOSSARY OF TERMS
| 3PL | Provider of outsourced logistics services. In logistics and supply chain management, it means a company’s use of third-party businesses, the 3PL(s), to outsource elements of the company’s distribution, fulfillment, and supply chain management services. |
|---|---|
| ASC | Accounting Standards Codification |
| Board | Board of Directors |
| ChemDirect | Fortem Invenio, Inc. |
| CODM | Chief Operating Decision Maker |
| EBITDA | Earnings Before Interest, Taxes, Depreciation, and Amortization |
| GAAP | United States Generally Accepted Accounting Principles |
| IPO | Initial Public Offering |
| KPI | Key Performance Indicator |
| M&M | M&M Transport Services, LLC |
| MLS | Midwest Logistics Systems, Ltd. and affiliated entities holding assets comprising substantially all of its business |
| MLSI | Mastery Logistics Systems, Inc. |
| NASDAQ | National Association of Securities Dealers Automated Quotations |
| PSU | Performance-based Restricted Stock Unit |
| RSU | Restricted Stock Unit |
| rTSR | Relative Total Shareholder Return |
| SEC | United States Securities and Exchange Commission |
| Term SOFR | The CME Term SOFR Reference Rate administered by CME Group Benchmark Administration Limited |
| TuSimple | TuSimple Holdings, Inc. (formerly TuSimple (Cayman) Limited) |
| U.S. | United States |
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