Schneider National, Inc.

For the period ended Mar 31, 2025. Filed May 1, 2025.

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, 2025 · Filed May 1, 2025

SNDR$29.05+0.4%Stored close · as of Nov 10, 2026

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

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Contents

Consolidated Balance Sheets (Unaudited)

(in millions, except share data)

	March 31,	December 31,
	2025	2024
Assets
Current Assets:
Cash and cash equivalents	$106.2	$117.6
Marketable securities	48.1	47.9
Trade accounts receivable—net of allowance of $5.2 million and $8.0 million, respectively	621.9	600.0
Other receivables	58.4	54.2
Current portion of lease receivables—net of allowance of $0.8 million	85.4	85.3
Inventories—net	93.7	89.8
Prepaid expenses and other current assets	151.3	120.5
Total current assets	1,165.0	1,115.3
Noncurrent Assets:
Property and equipment:
Transportation equipment	4,193.2	4,162.2
Land, buildings, and improvements	269.7	264.8
Other property and equipment	116.5	111.9
Total property and equipment	4,579.4	4,538.9
Less accumulated depreciation	1,703.9	1,669.5
Net property and equipment	2,875.5	2,869.4
Lease receivables	134.2	133.1
Internal use software and other noncurrent assets	464.2	438.0
Goodwill	339.6	377.9
Total noncurrent assets	3,813.5	3,818.4
Total Assets	$4,978.5	$4,933.7
Liabilities and Shareholders’ Equity
Current Liabilities:
Trade accounts payable	$267.8	$253.1
Accrued salaries, wages, and benefits	82.9	90.6
Claims accruals—current	136.7	139.6
Current maturities of debt and finance lease obligations	10.9	106.0
Other current liabilities	115.9	115.2
Total current liabilities	614.2	704.5
Noncurrent Liabilities:
Long-term debt and finance lease obligations	565.8	420.8
Claims accruals—noncurrent	151.0	151.2
Deferred income taxes	559.8	565.6
Other noncurrent liabilities	99.5	104.7
Total noncurrent liabilities	1,376.1	1,242.3
Total Liabilities	1,990.3	1,946.8
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, 96,301,789 and 96,031,098 shares issued and 92,169,401 and 92,221,383 shares outstanding, respectively	—	—
Additional paid-in capital	1,605.1	1,605.3
Retained earnings	1,491.1	1,481.8
Accumulated other comprehensive loss	(3.3)	(3.8)
Treasury stock, at cost, 4,132,388 and 3,795,036 shares, respectively	(104.7)	(96.4)
Total Shareholders’ Equity	2,988.2	2,986.9
Total Liabilities and Shareholders’ Equity	$4,978.5	$4,933.7

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.