Forward Air Corporation
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.03B | $959.1M | $781.0M | $652.5M | $584.4M | $536.4M | $483.9M |
| Cost of Revenue | $545.1M | $460.8M | — | — | — | — | — | — |
| Gross Profit | $624.3M | $569.4M | — | — | — | — | — | — |
| Gross Margin | 53.4% | 55.3% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $108.8M | $59.7M | $81.8M | $96.4M | $84.4M | $83.5M | $77.1M | $53.7M |
| Operating Margin | 9.3% | 5.8% | 8.5% | 12.3% | 12.9% | 14.3% | 14.4% | 11.1% |
| Interest Expense | $1.2M | $1.6M | $2.0M | $610.0K | $532.0K | $391.0K | $619.0K | $730.0K |
| Pretax Income | $107.5M | $58.1M | $79.7M | $96.1M | $83.9M | $83.2M | $76.6M | $53.1M |
| Income Tax Expense | $20.3M | $30.6M | $24.1M | $34.9M | $29.5M | $30.5M | $29.4M | $21.1M |
| Net Income | $87.3M | $27.5M | $55.6M | $61.2M | $54.5M | $52.7M | $47.2M | $32.0M |
| Net Margin | 7.5% | 2.7% | 5.8% | 7.8% | 8.3% | 9.0% | 8.8% | 6.6% |
| EPS (Basic) | $2.90 | $0.90 | $1.80 | $1.99 | $1.81 | $1.82 | $1.62 | $1.11 |
| EPS (Diluted) | $2.89 | $0.90 | $1.78 | $1.96 | $1.77 | $1.78 | $1.60 | $1.10 |
| Shares Outstanding (Basic) | 29.9M | 30.3M | 30.7M | 30.6M | 30.1M | 29.0M | 29.1M | 29.0M |
| Shares Outstanding (Diluted) | 30.0M | 30.4M | 31.0M | 31.1M | 30.8M | 29.5M | 29.4M | 29.1M |
| Dividends Per Share | $0.60 | $0.51 | $0.48 | $0.48 | $0.40 | $0.34 | $0.28 | $0.28 |