2024 Q3 Form 10-Q Financial Statement

#000169206324000136 Filed on November 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $1.316B
YoY Change -2.68%
Cost Of Revenue $491.0M
YoY Change -9.07%
Gross Profit $824.7M
YoY Change 1.56%
Gross Profit Margin 62.68%
Selling, General & Admin $473.9M
YoY Change -5.86%
% of Gross Profit 57.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $101.9M
YoY Change 5.27%
% of Gross Profit 12.36%
Operating Expenses $781.6M
YoY Change 1.28%
Operating Profit $43.10M
YoY Change -7.71%
Interest Expense -$2.600M
YoY Change -178.79%
% of Operating Profit -6.03%
Other Income/Expense, Net -$3.800M
YoY Change 533.33%
Pretax Income $39.30M
YoY Change -14.75%
Income Tax $8.700M
% Of Pretax Income 22.14%
Net Earnings $30.60M
YoY Change -14.04%
Net Earnings / Revenue 2.33%
Basic Earnings Per Share $0.17
Diluted Earnings Per Share $0.17
COMMON SHARES
Basic Shares Outstanding 175.2M shares
Diluted Shares Outstanding 175.9M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $179.0M
YoY Change 55.79%
Cash & Equivalents $179.0M
Short-Term Investments $52.60M
Other Short-Term Assets $367.7M
YoY Change 266.6%
Inventory $83.30M
Prepaid Expenses
Receivables $541.1M
Other Receivables $30.30M
Total Short-Term Assets $1.088B
YoY Change -5.16%
LONG-TERM ASSETS
Property, Plant & Equipment $2.581B
YoY Change 0.92%
Goodwill $331.7M
YoY Change -0.33%
Intangibles
YoY Change
Long-Term Investments $4.700M
YoY Change 4.44%
Other Assets $431.3M
YoY Change 7.66%
Total Long-Term Assets $3.487B
YoY Change 1.56%
TOTAL ASSETS
Total Short-Term Assets $1.088B
Total Long-Term Assets $3.487B
Total Assets $4.575B
YoY Change -0.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.5M
YoY Change -25.83%
Accrued Expenses $187.5M
YoY Change 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $139.0M
YoY Change 97.16%
Total Short-Term Liabilities $657.2M
YoY Change 7.63%
LONG-TERM LIABILITIES
Long-Term Debt $124.7M
YoY Change -42.93%
Other Long-Term Liabilities $97.20M
YoY Change -9.5%
Total Long-Term Liabilities $950.3M
YoY Change -6.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $657.2M
Total Long-Term Liabilities $950.3M
Total Liabilities $1.608B
YoY Change -0.97%
SHAREHOLDERS EQUITY
Retained Earnings $1.466B
YoY Change 3.22%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $96.40M
YoY Change 89.02%
Treasury Stock Shares
Shareholders Equity $2.967B
YoY Change
Total Liabilities & Shareholders Equity $4.575B
YoY Change -0.12%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $30.60M
YoY Change -14.04%
Depreciation, Depletion And Amortization $101.9M
YoY Change 5.27%
Cash From Operating Activities $206.4M
YoY Change 12.85%
INVESTING ACTIVITIES
Capital Expenditures $140.7M
YoY Change -31.6%
Acquisitions
YoY Change
Other Investing Activities $31.70M
YoY Change -115.31%
Cash From Investing Activities -$109.0M
YoY Change -73.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -21.60M
YoY Change -155.24%
NET CHANGE
Cash From Operating Activities 206.4M
Cash From Investing Activities -109.0M
Cash From Financing Activities -21.60M
Net Change In Cash 75.80M
YoY Change -139.75%
FREE CASH FLOW
Cash From Operating Activities $206.4M
Capital Expenditures $140.7M
Free Cash Flow $65.70M
YoY Change -388.16%

Facts In Submission

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<div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Nature of Operations</span></div>Schneider National, Inc. and its subsidiaries (together “Schneider,” the “Company,” “we,” “us,” or “our”) are among the largest providers of surface transportation and logistics solutions in North America. We offer a multimodal portfolio of services and an array of capabilities and resources that leverage artificial intelligence, data science, and analytics to provide innovative solutions that coordinate the timely, safe, and efficient movement of customer products. The Company offers truckload, intermodal, and logistics services to a diverse customer base throughout the continental U.S., Canada, and Mexico.
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NetIncomeLoss
84400000 usd
us-gaap Net Income Loss
NetIncomeLoss
211100000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175200000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
176900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
175600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
177700000 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
800000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175900000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
177700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
176100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
178500000 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.17
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.18
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000.0 usd
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000.0 usd
CY2024Q3 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
73500000 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
5200000 usd
us-gaap Loss Contingency Loss In Period
LossContingencyLossInPeriod
2900000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2024Q3 us-gaap Revenues
Revenues
1315700000 usd
CY2023Q3 us-gaap Revenues
Revenues
1352000000 usd
us-gaap Revenues
Revenues
3951400000 usd
us-gaap Revenues
Revenues
4127200000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
43100000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
46700000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
122800000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
265100000 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
101900000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
96800000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
307200000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
281800000 usd
CY2023Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000.0 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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