Landstar System, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $396.7M | $515.0M | $481.0M | $339.6M | $215.5M | $249.4M | $319.5M | $199.7M |
| Accounts Receivable | $670.1M | $683.8M | $743.8M | $967.8M | $1.15B | $764.2M | $588.5M | $691.6M |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $1.22B | $1.32B | $1.35B | $1.44B | $1.52B | $1.21B | $997.9M | $971.4M |
| Property, Plant & Equipment | $261.3M | $311.3M | $284.3M | $315.0M | $317.4M | $297.0M | $285.9M | $284.0M |
| Goodwill | $34.0M | $40.9M | $42.3M | $41.2M | $40.8M | $40.9M | $38.5M | $38.2M |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $1.64B | $1.81B | $1.80B | $1.93B | $2.05B | $1.65B | $1.43B | $1.38B |
| Liabilities | ||||||||
| Accounts Payable | $369.6M | $383.6M | $396.0M | $527.4M | $604.1M | $380.5M | $272.0M | $314.1M |
| Total Current Liabilities | $695.8M | $673.2M | $675.2M | $878.1M | $1.01B | $806.1M | $552.9M | $535.8M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $840.3M | $840.9M | $817.9M | $1.04B | $1.18B | $962.0M | $706.2M | $693.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $2.85B | $2.86B | $2.78B | $2.64B | $2.32B | $2.05B | $1.96B | $1.84B |
| Total Stockholders' Equity | $795.7M | $972.4M | $983.9M | $887.2M | $862.0M | $691.8M | $721.5M | $686.8M |