Summary - Funding Rounds

Founding Date

1990
Knight Transportation is a subsidiary of Knight-Swift

Knight Transportation Revenue Breakdown

Embed Graph

Knight Transportation revenue breakdown by business segment: 79.9% from Trucking Segment and 20.1% from Logistics Segment

Knight Transportation Income Statement

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

730.7m866.2m936.0m969.2m1.1b1.2b1.1b

Revenue growth, %

14%7%(5%)

Cost of goods sold

Gross profit

730.7m

Gross profit Margin, %

100%

Operating expense total

635.5m11.5m10.9m15.7m7.5m22.8m22.3m

Depreciation and amortization

86.1m92.9m111.0m116.2m

EBIT

95.2m100.0m108.3m113.9m162.7m178.0m148.5m

EBIT margin, %

13%12%12%12%15%15%13%

Interest expense

2.4m180.0k457.0k2.8m9.1m8.5m4.4m

Interest income

1.6m1.1m417.0k413.0k458.0k460.0k309.0k

Pre tax profit

97.6m101.2m109.8m116.7m171.8m186.5m152.8m

Income tax expense

38.6m40.5m45.0m46.7m67.8m68.0m57.6m

Net Income

59.1m60.2m64.1m69.3m102.9m116.7m93.9m

Knight Transportation Balance Sheet

Annual

USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

28.0m9.6m5.7m992.0k17.1m8.7m8.0m

Accounts Receivable

78.5m101.3m102.6m116.4m143.5m131.9m

Prepaid Expenses

8.5m10.1m17.0m15.0m17.4m17.3m

Inventories

Current Assets

165.2m160.1m163.1m164.8m238.3m244.1m190.2m

PP&E

483.7m547.0m584.1m591.8m752.0m803.6m802.9m

Goodwill

10.3m10.3m10.3m10.3m47.1m47.1m47.0m

Total Assets

677.0m737.6m782.5m807.1m1.1b1.1b1.1b

Accounts Payable

7.6m14.3m11.3m14.4m19.1m14.8m18.0m

Dividends Payable

1.4m77.0k141.0k168.0k200.0k349.0k

Short-term debt

Current Liabilities

40.5m50.0m53.8m62.8m92.6m80.0m78.7m

Long-term debt

55.0m80.0m338.0m134.4m112.0m18.0m

Non-Current Liabilities

129.1m210.8m237.8m191.9m310.4m299.8m211.1m

Total Debt

55.0m80.0m38.0m134.4m112.0m18.0m

Total Liabilities

169.5m260.8m291.7m254.7m403.0m379.9m289.8m

Common Stock

837.0k794.0k798.0k802.0k818.0k810.0k

Preferred Stock

Additional Paid-in Capital

127.0m132.7m142.8m150.1m185.2m205.6m223.3m

Retained Earnings

379.7m343.3m346.9m396.0m479.5m529.4m562.4m

Total Equity

507.5m476.8m490.8m552.4m679.3m740.4m788.7m

Debt to Equity Ratio

0.1 x0.2 x0 x

Debt to Assets Ratio

0 x0.1 x0 x

Financial Leverage

1.3 x1.5 x1.6 x1.5 x1.6 x1.5 x1.4 x

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

12.4m9.7m12.8m15.7m10.0m11.6m2.8m8.2m10.2m747.0k5.3m9.6m103.0k1.6m18.8m10.9m12.7m21.5m9.6m3.9m44.8m88.7m

Accounts Receivable

80.4m83.4m83.3m95.4m99.3m105.6m113.3m107.1m112.6m109.7m117.3m123.0m121.9m125.8m133.4m135.0m135.0m131.9m134.8m131.5m127.6m127.3m

Prepaid Expenses

8.7m12.3m9.8m8.6m13.5m18.4m15.1m19.7m14.2m11.4m16.2m17.8m13.8m17.8m17.8m16.0m23.5m16.7m11.9m16.7m14.2m11.7m

Current Assets

219.3m203.5m188.2m139.2m155.0m172.3m169.1m171.7m169.4m153.5m171.6m178.3m162.6m178.5m205.7m200.0m217.6m233.7m204.9m188.3m210.2m261.6m

PP&E

464.0m490.1m469.3m487.4m526.9m544.8m559.7m576.1m563.1m569.6m587.0m583.3m621.4m667.0m755.2m771.8m804.2m798.0m804.1m813.2m779.1m759.9m

Goodwill

10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.3m10.2m10.2m47.1m47.1m47.1m47.0m47.0m47.0m47.0m47.0m

Total Assets

704.3m719.7m686.4m654.8m712.7m749.8m760.9m779.9m767.5m758.7m805.1m814.2m838.8m897.6m1.1b1.1b1.1b1.1b1.1b1.1b1.1b1.1b

Accounts Payable

4.3m8.6m7.8m14.4m17.3m6.7m6.4m18.4m15.4m20.9m21.2m13.2m19.4m29.1m27.3m28.1m24.9m24.6m28.5m18.9m10.9m12.8m

Dividends Payable

224.0k305.0k1.4m73.0k74.0k92.0k91.0k96.0k151.0k152.0k158.0k187.0k181.0k188.0k297.0k303.0k306.0k333.0k314.0k298.0k290.0k287.0k

Short-term debt

28.6m200.0k400.0k500.0k750.0k875.0k1.0m1.3m1.4m

Current Liabilities

44.7m43.1m40.5m52.9m57.3m50.9m51.4m63.6m65.8m61.1m69.5m78.1m71.8m92.4m91.8m101.6m104.5m84.3m87.2m77.3m73.0m81.4m

Long-term debt

50.0m50.0m55.0m50.0m45.0m43.0m26.0m52.0m12.0m15.4m37.0m78.4m85.0m120.0m106.0m60.0m52.0m

Non-Current Liabilities

115.0m118.5m131.4m134.7m192.4m209.3m204.6m199.0m199.1m179.5m203.9m158.2m160.9m177.4m249.7m250.1m278.6m294.9m251.3m243.4m196.4m199.5m

Total Debt

78.6m50.0m55.0m50.0m45.0m43.0m26.0m52.0m12.0m15.4m37.0m78.6m85.0m120.0m106.0m60.0m52.0m1.3m1.4m

Total Liabilities

159.7m161.6m171.9m187.6m249.7m260.1m256.0m262.5m264.9m240.6m273.4m236.3m232.7m269.7m341.5m351.7m383.1m379.2m338.5m320.7m269.3m280.9m

Common Stock

836.0k836.0k838.0k804.0k794.0k797.0k797.0k797.0k799.0k800.0k801.0k807.0k810.0k811.0k823.0k813.0k809.0k801.0k800.0k800.0k804.0k806.0k

Additional Paid-in Capital

120.9m122.8m129.0m130.5m131.7m140.2m141.5m142.1m144.5m146.2m147.8m159.7m164.5m167.6m194.7m198.4m203.1m209.5m216.0m219.6m226.8m231.6m

Retained Earnings

422.8m434.4m384.5m336.2m330.6m348.4m362.8m374.6m356.6m370.7m380.9m410.7m431.6m451.7m502.5m494.9m505.2m518.6m529.0m544.2m570.8m584.0m

Total Equity

544.6m558.1m514.5m467.2m463.0m489.7m505.0m517.4m502.5m518.1m531.7m577.9m606.1m627.8m710.2m702.1m714.8m732.5m748.3m766.5m800.4m818.5m

Debt to Equity Ratio

0.1 x0 x0 x0.1 x0.1 x0.2 x0.1 x0.1 x0.1 x

Debt to Assets Ratio

0.1 x0 x0 x0 x0.1 x0.1 x0.1 x0.1 x0 x

Financial Leverage

1.3 x1.3 x1.3 x1.4 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x1.4 x1.4 x1.4 x1.5 x1.5 x1.5 x1.5 x1.5 x1.4 x1.3 x1.3 x

Knight Transportation Cash Flow

Quarterly

USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

15.8m16.7m9.9m26.2m42.8m10.5m29.8m46.4m15.2m34.1m49.2m19.1m44.8m69.9m29.6m57.2m87.5m22.6m47.2m70.6m14.9m32.8m

Depreciation and Amortization

18.0m17.0m18.5m36.8m55.9m20.4m41.3m63.1m21.5m42.6m64.6m21.8m43.7m66.4m27.2m54.5m82.7m28.4m57.4m86.5m29.7m59.1m

Accounts Receivable

(4.8m)(16.9m)(20.8m)4.5m12.6m6.4m(10.3m)(7.6m)(15.4m)(6.9m)(6.0m)(10.4m)9.6m7.8m7.4m28.0k(3.1m)(133.0k)14.6m14.9m

Accounts Payable

(340.0k)(3.2m)(1.6m)1.1m87.0k5.6m6.0m5.9m7.3m(2.2m)7.2m5.1m(6.3m)(4.9m)(3.0m)4.2m5.4m1.9m(3.8m)(2.0m)

Cash From Operating Activities

(8.8m)89.9m122.4m30.3m62.4m106.7m40.3m72.3m100.7m36.5m77.9m117.1m58.3m107.5m156.6m67.6m133.5m189.2m65.5m117.7m

Purchases of PP&E

(9.8m)(46.8m)(119.1m)(37.0m)(78.3m)(116.2m)(11.9m)(42.1m)(96.3m)(29.2m)(109.0m)(185.9m)(26.7m)(86.9m)(166.8m)(34.8m)(75.4m)(126.0m)(17.0m)(35.5m)

Cash From Investing Activities

(2.2m)(34.3m)(100.7m)(25.8m)(57.4m)(86.5m)5.3m(15.1m)(61.0m)(4.7m)(57.4m)(113.8m)(2.3m)(32.4m)(97.9m)(19.0m)(40.6m)(88.7m)(5.6m)(13.2m)

Short-term Borrowings

(5.0m)(10.0m)(37.0m)(54.0m)(60.0m)(26.0m)(22.6m)(1.0m)(56.0m)(49.4m)(14.4m)(6.0m)(52.0m)(60.0m)18.0m18.0m

Dividends Paid

(5.1m)(10.0m)(14.8m)(4.9m)(9.7m)(14.5m)(5.0m)(9.8m)(14.6m)(5.0m)(9.9m)(14.7m)(5.2m)(10.1m)(15.0m)(5.1m)(9.9m)(14.8m)(5.1m)(9.9m)

Cash From Financing Activities

(4.3m)(67.9m)(39.6m)(2.5m)(11.7m)(21.5m)(41.1m)(62.1m)(40.1m)(23.2m)(21.3m)(2.7m)(54.2m)(81.2m)(63.1m)(35.8m)(92.1m)(105.3m)(23.1m)(23.8m)

Net Change in Cash

(15.2m)(12.3m)(18.0m)2.0m(6.7m)(1.4m)4.5m(4.9m)(403.0k)8.6m(889.0k)616.0k1.8m(6.1m)(4.4m)12.8m873.0k(4.8m)36.8m80.7m

Interest Paid

23.0k130.0k244.0k360.0k137.0k199.0k296.0k131.0k219.0k345.0k316.0k529.0k749.0k306.0k591.0k782.0k84.0k138.0k

Income Taxes Paid

1.3m2.0m6.4m488.0k16.4m30.0m5.7m29.6m42.9m7.7m40.0m58.6m1.7m28.3m52.0m616.0k2.7m7.2m(858.0k)16.4m

Knight Transportation Ratios

USDQ2, 2010

Financial Leverage

1.3 x

Knight Transportation Operating Metrics

FY, 2014FY, 2015FY, 2016

Drivers

4.37 k4.89 k4.74 k

Tractors

4.17 k4.77 k4.73 k

Trailers

9.73 k11.79 k12.29 k