$4.3 B

LSTR Mkt cap, 18-Oct-2018

$2.2 B

Landstar System Revenue Q2, 2018
Landstar System Net income (Q2, 2018)120 M
Landstar System EBIT (Q2, 2018)158.6 M
Landstar System Cash, 30-Jun-2018148.6 M
Landstar System EV4.1 B

Landstar System Revenue Breakdown

Embed Graph

Landstar System revenue breakdown by business segment: 98.7% from Transportation Logistics and 1.3% from Other

Landstar System Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.7b3.2b3.3b3.2b3.6b

Revenue growth, %

20%4%(5%)15%

Cost of goods sold

2.8b

Gross profit

841.3m

Gross profit Margin, %

23%

General and administrative expense

143.2m170.6m

Operating expense total

143.2m170.6m

Depreciation and amortization

40.6m

EBIT

176.6m224.4m241.7m223.3m244.0m

EBIT margin, %

7%7%7%7%7%

Interest expense

3.2m

Pre tax profit

238.8m219.5m240.8m

Income tax expense

91.1m82.1m63.8m

Net Income

146.0m138.8m147.7m137.4m177.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

868.4m841.7m711.6m775.2m787.9m780.9m870.4m943.4m1.0b2.2b

General and administrative expense

37.7m36.8m34.6m36.9m34.7m38.3m40.9m44.0m45.3m94.2m

Operating expense total

802.7m778.1m664.1m722.5m729.8m729.0m810.0m883.6m973.6m2.1b

Depreciation and amortization

11.0m21.8m

EBIT

66.0m64.0m47.9m53.1m58.5m52.3m61.0m60.6m75.2m158.6m

EBIT margin, %

8%8%7%7%7%7%7%6%7%7%

Pre tax profit

65.3m63.3m47.0m52.2m57.5m51.3m60.2m59.9m74.4m156.9m

Income tax expense

24.8m23.9m17.9m19.9m21.2m18.9m22.7m17.5m16.9m37.0m

Net Income

29.2m27.6m35.9m36.8m30.0m40.5m39.3m29.2m32.3m36.3m32.4m37.5m42.4m57.5m120.0m

Landstar System Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

180.3m163.9m114.5m178.9m242.4m

Accounts Receivable

631.2m

Inventories

Current Assets

682.5m732.3m662.7m737.4m961.2m

PP&E

276.0m

Goodwill

31.1m31.1m31.1m31.1m39.1m

Total Assets

970.7m1.0b998.1m1.1b1.4b

Accounts Payable

157.8m220.1m223.7m219.4m285.1m

Dividends Payable

44.8m44.8m63.0m

Short-term debt

42.1m

Current Liabilities

375.7m410.5m369.5m380.3m548.6m

Long-term debt

83.1m

Total Debt

125.1m

Common Stock

677.0k

Additional Paid-in Capital

179.8m189.0m195.8m199.4m209.6m

Retained Earnings

1.2b1.3b1.4b1.5b1.6b

Total Equity

454.5m488.3m466.2m542.6m650.7m

Financial Leverage

2.1 x2.1 x2.1 x2 x2.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

97.6m114.2m93.1m140.6m114.9m82.4m108.9m156.3m153.4m170.8m215.5m222.1m249.7m220.6m148.6m

Current Assets

623.1m658.0m673.2m662.4m640.7m656.9m655.3m636.8m656.5m668.8m749.0m793.5m877.9m928.7m928.2m

Goodwill

57.5m31.1m31.1m31.1m31.1m31.1m31.1m31.1m31.1m31.1m31.1m31.1m39.9m39.4m38.7m

Total Assets

950.9m944.1m962.5m980.2m947.6m946.9m953.0m957.5m984.8m1.0b1.1b1.2b1.3b1.3b1.3b

Accounts Payable

194.1m171.1m195.3m203.2m196.2m216.8m205.5m172.0m191.2m201.9m200.7m224.9m269.4m282.5m311.8m

Dividends Payable

44.8m44.8m44.8m

Short-term debt

39.9m38.9m

Current Liabilities

371.2m376.0m372.2m342.3m326.0m346.5m344.0m322.1m334.6m350.3m368.6m386.5m446.9m472.9m508.9m

Total Debt

39.9m38.9m

Additional Paid-in Capital

179.0m181.0m183.7m186.1m189.5m191.2m193.5m195.7m197.5m198.7m201.9m203.4m205.4m211.9m216.3m

Retained Earnings

1.1b1.2b1.2b1.3b1.3b1.3b1.4b1.4b1.4b1.5b1.5b1.6b1.6b1.7b1.7b

Total Equity

423.3m443.2m460.1m495.7m484.3m469.5m478.7m482.4m497.3m506.7m573.7m609.5m654.0m706.3m660.9m

Debt to Equity Ratio

0.1 x0.1 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

2.2 x2.1 x2.1 x2 x2 x2 x2 x2 x2 x2 x1.9 x1.9 x1.9 x1.9 x2 x

Landstar System Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

146.0m138.8m147.7m137.4m177.0m

Depreciation and Amortization

29.1m35.8m40.6m

Accounts Receivable

(181.2m)

Inventories

Accounts Payable

8.9m62.3m3.6m(9.6m)68.9m

Cash From Operating Activities

106.0m(16.4m)(49.4m)190.2m139.0m

Purchases of PP&E

(15.6m)

Cash From Investing Activities

(14.2m)(22.1m)

Short-term Borrowings

(46.8m)

Dividends Paid

(27.6m)(57.9m)(14.3m)(15.9m)

Cash From Financing Activities

(112.1m)(54.4m)

Net Change in Cash

63.5m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

86.5m27.6m63.6m100.3m30.0m70.5m109.8m29.2m61.5m97.8m32.4m69.9m112.3m57.5m120.0m

Depreciation and Amortization

7.0m7.2m8.4m8.7m9.0m9.9m

Accounts Payable

5.2m13.3m37.5m45.4m(23.9m)(3.3m)(14.6m)8.8m53.3m20.2m

Cash From Operating Activities

131.8m49.3m82.0m148.1m72.0m105.1m171.3m61.9m79.8m132.3m72.0m113.0m

Cash From Investing Activities

(11.6m)(2.2m)(5.2m)(7.4m)(5.1m)(10.6m)(3.8m)(4.7m)(14.9m)(2.2m)(2.4m)

Dividends Paid

(18.6m)(21.3m)(24.5m)(47.9m)(51.0m)(54.5m)(3.4m)(6.8m)(10.6m)(3.8m)(7.5m)(11.7m)(69.3m)(75.5m)

Cash From Financing Activities

(96.5m)(95.8m)(157.7m)(194.1m)(31.7m)(62.0m)(105.1m)(21.7m)(32.5m)(47.6m)(91.3m)(203.4m)

Landstar System Ratios

USDY, 2018

EV/EBIT

26.1 x

EV/CFO

36.7 x

Debt/Equity

0.1 x

Financial Leverage

2 x
Report incorrect company information

Landstar System Operating Metrics

FY, 2014FY, 2015FY, 2016Sep, 2017

Agents

525 512 502 1.10 k

Carriers

38 k44 k47 k

Trailers

13.73 k14 15.17 k14 k

Trucks Provided

8.93 k9.50 k9.44 k
Report incorrect company information