Covenant Logistics Group, Inc. (CVLG)

Covenant Logistics Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	35.2	2.29	68.67	8.41	8.41	43.59
Cash & Short-Term Investments	35.2	2.29	68.67	8.41	8.41	43.59
Cash Growth	376.41%	-96.66%	716.27%	0.06%	-80.71%	88.49%
Accounts Receivable	135.08	142.5	119.77	142.36	91.3	81.21
Other Receivables	7.56	6.74	4.84	10.18	4.16	5.4
Receivables	142.64	149.24	124.61	152.54	95.45	86.61
Inventory	6.11	4.85	3.52	3.32	3.12	4.21
Prepaid Expenses	21.05	17.88	15.75	12.54	11.92	11.71
Other Current Assets	9.75	11.68	10.12	11.72	28.9	108.27
Total Current Assets	214.75	185.95	222.66	188.53	147.8	254.39
Property, Plant & Equipment	537.19	514.66	407.74	346.48	391.45	517.2
Long-Term Investments	74.44	66.33	54.73	44.2	34.37	31.91
Goodwill	78.94	75.75	58.22	42.52	42.52	42.52
Other Intangible Assets	92.5	99.62	48.17	20.48	24.52	29.62
Other Long-Term Assets	11.82	12.15	5.14	9.46	36.07	6.01
Total Assets	1,010	954.44	796.65	651.66	676.72	881.64
Accounts Payable	31.64	33.16	33.9	29.91	31.7	19.5
Accrued Expenses	77.9	76.75	79.82	83.9	68.76	53.64
Current Portion of Long-Term Debt	73.1	47.65	18.9	5.72	7.58	54.38
Current Portion of Leases	11.97	12.73	23.51	22.66	22.68	26.72
Other Current Liabilities	0.04	-	-	0.56	2.67	7.02
Total Current Liabilities	194.65	170.29	156.12	142.75	133.38	161.26
Long-Term Debt	192.46	196.89	90.37	20.35	47.89	200.18
Long-Term Leases	38.96	36.19	46.86	25.52	32.23	66.89
Long-Term Deferred Tax Liabilities	119.02	116.1	98.72	84.66	74.55	80.33
Other Long-Term Liabilities	33.01	31.55	27.45	28.69	98.02	22.87
Total Liabilities	578.09	551.02	419.52	301.96	386.07	531.53
Common Stock	0.19	0.19	0.19	0.19	0.2	0.2
Additional Paid-In Capital	158.48	155.85	152.89	149.41	143.44	141.89
Retained Earnings	403.78	378.92	329.47	225.08	166.33	209.04
Treasury Stock	-131.47	-132.35	-106.5	-23.66	-17.07	-
Comprehensive Income & Other	0.58	0.82	1.09	-1.31	-2.25	-1.01
Shareholders' Equity	431.55	403.42	377.13	349.7	290.64	350.11
Total Liabilities & Equity	1,010	954.44	796.65	651.66	676.72	881.64
Total Debt	316.49	293.46	179.63	74.25	110.37	348.16
Net Cash (Debt)	-281.29	-291.17	-110.96	-65.84	-101.96	-304.57
Net Cash Per Share	-20.24	-21.05	-7.15	-3.87	-5.87	-16.34
Filing Date Shares Outstanding	13.18	13.07	13.24	16.82	16.8	18.52
Total Common Shares Outstanding	13.18	13.07	13.56	16.76	17.13	18.52
Working Capital	20.1	15.65	66.54	45.78	14.42	93.13
Book Value Per Share	32.74	30.86	27.82	20.86	16.96	18.91
Tangible Book Value	260.11	228.06	270.74	286.71	223.61	277.98
Tangible Book Value Per Share	19.74	17.45	19.97	17.10	13.05	15.01
Land	-	11.75	11.72	16.34	16.6	23.4
Buildings	-	104.36	96.55	72.18	57.31	75.47
Machinery	-	536.86	460.3	359.04	391.16	540.02
Construction In Progress	-	2.97	16.08	0.87	0.7	0.4

Source: S&P Capital IQ. Standard template. Financial Sources.