Forward Air Corporation
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $106.0M | $104.9M | $122.0M | $45.8M | $37.3M | $40.3M | $64.7M | $25.7M |
| Accounts Receivable | $343.6M | $322.3M | $153.3M | $188.2M | $208.1M | $156.5M | $136.2M | $156.4M |
| Inventory | — | — | — | — | — | — | $2.1M | $2.2M |
| Total Current Assets | $521.0M | $472.5M | $347.0M | $304.3M | $282.8M | $245.9M | $236.3M | $201.1M |
| Property, Plant & Equipment | — | — | — | $249.1M | $219.1M | $189.9M | $192.8M | $209.9M |
| Goodwill | $522.7M | $522.7M | $278.7M | $258.0M | $218.6M | $245.0M | $215.7M | $193.7M |
| Intangible Assets (Excl. Goodwill) | $906.8M | $999.2M | $134.8M | $115.6M | $154.7M | $145.0M | $124.9M | $113.7M |
| Total Assets | $2.72B | $2.80B | $2.98B | $1.21B | $1.12B | $1.05B | $990.9M | $760.2M |
| Liabilities | ||||||||
| Accounts Payable | $121.8M | $105.7M | $45.4M | $50.1M | $44.8M | $38.4M | $25.4M | $34.6M |
| Total Current Liabilities | $428.3M | $384.0M | $237.1M | $169.4M | $164.7M | $171.6M | $137.2M | $74.7M |
| Long-Term Debt | $1.69B | $1.68B | $0 | $106.6M | $155.5M | $112.4M | $67.3M | $47.3M |
| Total Liabilities | $2.61B | $2.60B | $2.22B | $500.8M | $524.2M | $500.1M | $413.7M | $207.0M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-447.1M | $-338.2M | $480.3M | $436.1M | $334.9M | $304.1M | $350.0M | $342.7M |
| Total Stockholders' Equity | $113.3M | $201.7M | $764.3M | $707.2M | $593.7M | $547.3M | $577.2M | $553.2M |