Forward Air Corporation (FWRD)

Forward Air 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	136.62	121.97	45.82	37.32	40.25	64.75
Cash & Short-Term Investments	136.62	121.97	45.82	37.32	40.25	64.75
Cash Growth	625.02%	166.18%	22.79%	-7.30%	-37.83%	152.36%
Accounts Receivable	361	153.27	188.23	208.09	156.49	136.21
Other Receivables	1.7	5.41	-	8.1	-	-
Receivables	362.7	158.68	188.23	216.18	156.49	136.21
Prepaid Expenses	31.17	25.68	24.77	22.28	21.41	14.45
Restricted Cash	1.54	39.6	-	-	-	-
Other Current Assets	13.05	1.1	45.5	7.03	27.74	20.9
Total Current Assets	545.08	347.03	304.32	282.81	245.9	236.32
Property, Plant & Equipment	679.92	369.65	377.43	367.29	313.21	297.93
Goodwill	716.07	278.71	257.99	266.75	244.98	215.7
Other Intangible Assets	1,033	134.79	115.58	154.72	145.03	124.86
Other Long-Term Assets	71.58	1,849	152.77	46.25	98.28	116.08
Total Assets	3,056	2,980	1,208	1,118	1,047	990.88
Accounts Payable	157.23	45.43	50.09	44.84	38.37	25.41
Accrued Expenses	135.59	87.01	42.38	50.54	36.54	27.51
Current Portion of Long-Term Debt	-	-	1.5	1.5	-	-
Current Portion of Leases	106.31	56.99	50.09	52.12	45.48	37.31
Current Income Taxes Payable	-	31.19	-	-	-	-
Other Current Liabilities	49.57	16.48	25.34	15.7	51.23	46.94
Total Current Liabilities	448.7	237.09	169.4	164.69	171.62	137.16
Long-Term Debt	1,673	1,791	106.59	155.47	112.4	67.34
Long-Term Leases	308.57	98.33	108.61	110.98	85.36	74.59
Long-Term Deferred Tax Liabilities	209.52	42.2	51.09	43.41	41.99	41.21
Other Long-Term Liabilities	79.22	47.14	65.14	49.62	88.7	93.39
Total Liabilities	2,719	2,215	500.83	524.17	500.06	413.7
Common Stock	0.29	0.26	0.27	0.27	0.27	0.28
Additional Paid-In Capital	528.26	283.68	270.86	258.47	242.92	226.87
Retained Earnings	-301.63	480.32	436.12	334.91	304.14	350.03
Shareholders' Equity	336.53	764.26	707.24	593.65	547.33	577.18
Total Liabilities & Equity	3,056	2,980	1,208	1,118	1,047	990.88
Total Debt	2,088	1,946	266.78	320.07	243.24	179.23
Net Cash (Debt)	-1,952	-1,824	-220.96	-282.75	-202.98	-114.49
Net Cash Per Share	-73.22	-70.14	-8.21	-10.36	-7.33	-4.04
Filing Date Shares Outstanding	28.95	26.37	26.34	26.94	27.53	28.14
Total Common Shares Outstanding	28.69	25.67	26.46	26.97	27.32	27.85
Working Capital	96.38	109.93	134.92	118.12	74.28	99.15
Book Value Per Share	7.88	29.77	26.73	22.01	20.04	20.72
Tangible Book Value	-1,523	350.77	333.68	172.19	157.32	236.63
Tangible Book Value Per Share	-53.10	13.66	12.61	6.38	5.76	8.50
Land	-	26.48	26.48	26.48	26.37	16.93
Buildings	-	94.28	94.28	67.27	65.92	65.92
Machinery	-	320.56	283.53	259.03	246.95	276
Construction In Progress	-	11.52	13.9	27.07	4.06	1.85
Leasehold Improvements	-	24.39	16.78	13.78	13.75	12.88

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