Forward Air Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	139.45	106	104.9	121.97	45.82	37.32
Cash & Short-Term Investments	139.45	106	104.9	121.97	45.82	37.32
Cash Growth	46.59%	1.04%	-13.99%	166.18%	22.80%	-7.30%
Accounts Receivable	369.47	343.56	322.29	153.27	188.23	208.09
Other Receivables	6.1	6.15	0.21	5.41	-	8.1
Receivables	375.57	349.71	322.5	158.68	188.23	216.18
Prepaid Expenses	26.47	28.05	29.05	25.68	24.77	22.28
Restricted Cash	-	-	0.36	39.6	-	-
Other Current Assets	41.63	37.25	15.69	1.1	45.5	7.03
Total Current Assets	583.12	521	472.5	347.03	304.32	282.81
Property, Plant & Equipment	636.1	710.42	736.27	362.29	377.43	367.29
Goodwill	278.71	522.71	522.71	278.71	257.99	266.75
Other Intangible Assets	860.92	906.79	999.22	142.15	115.58	154.72
Other Long-Term Assets	52.01	58.02	71.94	1,849	152.77	46.25
Total Assets	2,411	2,719	2,803	2,980	1,208	1,118
Accounts Payable	118.65	121.75	105.69	45.43	50.09	44.84
Accrued Expenses	118.55	109.12	119.38	87.01	42.38	50.54
Current Portion of Long-Term Debt	-	-	-	-	1.5	1.5
Current Portion of Leases	122.46	123.02	113.37	56.99	50.09	52.12
Current Income Taxes Payable	-	4.38	5.95	31.19	-	-
Current Unearned Revenue	-	13.18	9.9	-	-	-
Other Current Liabilities	81.91	56.87	29.76	16.48	25.34	15.7
Total Current Liabilities	441.57	428.33	384.05	237.09	169.4	164.69
Long-Term Debt	1,693	1,687	1,676	1,791	106.59	155.47
Long-Term Leases	294.18	349.4	356.5	98.33	108.61	110.98
Long-Term Deferred Tax Liabilities	24.36	27.22	38.17	42.2	51.09	43.41
Other Long-Term Liabilities	80.06	65.09	62.13	47.14	65.14	49.62
Total Liabilities	2,534	2,557	2,517	2,215	500.83	524.17
Common Stock	0.34	0.31	0.3	0.26	0.27	0.27
Additional Paid-In Capital	575.82	559.55	542.39	283.68	270.86	258.47
Retained Earnings	-690.32	-447.1	-338.23	480.32	436.12	334.91
Comprehensive Income & Other	-1.26	0.58	-2.73	-	-	-
Total Common Equity	-115.43	113.34	201.73	764.26	707.24	593.65
Minority Interest	-7.24	48.32	84.14	-	-	-
Shareholders' Equity	-122.67	161.66	285.87	764.26	707.24	593.65
Total Liabilities & Equity	2,411	2,719	2,803	2,980	1,208	1,118
Total Debt	2,110	2,160	2,146	1,946	266.78	320.07
Net Cash (Debt)	-1,971	-2,054	-2,041	-1,824	-220.96	-282.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-62.40	-66.86	-74.11	-70.14	-8.21	-10.36
Filing Date Shares Outstanding	33.78	31.55	30.4	26.37	26.34	26.94
Total Common Shares Outstanding	33.74	31.33	29.76	25.67	26.46	26.97
Working Capital	141.55	92.68	88.45	109.93	134.92	118.12
Book Value Per Share	-3.42	3.62	6.78	29.77	26.73	22.01
Tangible Book Value	-1,255	-1,316	-1,320	343.41	333.68	172.19
Tangible Book Value Per Share	-37.20	-42.01	-44.36	13.38	12.61	6.38
Land	-	26.52	26.52	26.48	26.48	26.48
Buildings	-	95.86	95.8	94.28	94.28	67.27
Machinery	-	370.04	364.41	320.56	283.53	259.03
Construction In Progress	-	4.05	16.4	11.52	13.9	27.07
Leasehold Improvements	-	86.77	68.46	24.39	16.78	13.78

SEC Filings: 10-K · 10-Q