Company Profile
When it's time to haul freight, Forward Air never looks back. The company transports deferred airfreight by truck -- cargo that requires specific-time delivery but is less time-sensitive than airfreight. Forward Air typically receives freight that has been transported by plane, sends it to a sorting facility, and then dispatches it by truck to a terminal near its destination. The company has nearly 6,700 trailers and about 425 owned and 100 leased tractors and straight trucks in its fleet. It also provides services such as warehousing and local pick-up and delivery.
United States
When it's time to haul freight, Forward Air never looks back. The company transports deferred airfreight by truck -- cargo that requires specific-time delivery but is less time-sensitive than airfreight. Forward Air typically receives freight that has been transported by plane, sends it to a sorting facility, and then dispatches it by truck to a terminal near its destination. The company has nearly 6,700 trailers and about 425 owned and 100 leased tractors and straight trucks in its fleet. It also provides services such as warehousing and local pick-up and delivery.
Financial Statements
Financial data as of December 31, 2020 (12 month period) in USD
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Cash Flow (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Net Operating Cash | $159.02 | $152.55 | $103.36 |
Net Investing Cash | -$63.91 | -$55.46 | -$59.19 |
Net Financing Cash | -$56.01 | -$75.33 | -$48.8 |
Net Change in Cash | $39.09 | $21.76 | -$4.62 |
Cash at Beginning of Period | $25.66 | $3.89 | $8.51 |
Cash at End of Period | $64.75 | $25.66 | $3.89 |
Capital Expenditure | -$28.21 | -$42.29 | -$38.27 |
Assets (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Current Assets | |||
Cash and Cash Equivalents | $64.75 | $25.66 | $3.89 |
Accounts Receivable | $150.2 | $156.36 | $147.95 |
Inventories | $2.13 | $2.24 | $1.43 |
Other Current Assets | $19.24 | $16.83 | $14.38 |
Asset Summary | |||
TOTAL CURRENT ASSETS | $236.32 | $201.08 | $167.65 |
Tangible Fixed Assets | $364.69 | $209.9 | $206.11 |
Intangible Assets | $127.8 | $113.66 | $111.25 |
Total Assets | $990.88 | $760.22 | $692.62 |
Liabilities (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Current Liabilities | |||
Accounts Payable | $29.99 | $34.63 | $30.72 |
Short-Term Debt | $ | $ | $ |
Other Current Liabilities | $107.18 | $40.09 | $35.43 |
Liability Summary | |||
Total Current Liabilities | $137.16 | $74.72 | $66.15 |
Long-Term Debt | $67.34 | $47.28 | $40.22 |
Other Long-Term Liabilities | $58.82 | $47.74 | $24.1 |
Total Liabilities | $413.7 | $206.97 | $159.92 |
Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
---|---|---|---|
Equity | |||
Common Stock | $0.28 | $0.28 | $0.29 |
Retained Earnings | $350.03 | $342.66 | $337.06 |
Equity Summary | |||
Total Equity | $577.18 | $553.24 | $532.7 |
Shares Outstanding | 27,850,233 | 28,534,935 | 29,454,062 |
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Company Snapshot
Essential information for a successful call
-
EMPLOYEES (All Sites)
4,898
- ASSETS (MIL USD) 991
-
REVENUE (MIL USD)
1,410.39
- TICKER SYMBOL FWRD
- Year Started 1981
- Incorporated 1981
- FISCAL YEAR END DEC
- SALES GROWTH % 6.78%
Get in Touch with 6 Principals* and 391 Contacts
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Thomas SchmittPresident and Chief Executive Officer
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BRUCE A CAMPBELLChairman of the Board
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MICHAEL J MORRISSenior Vice President and Chief Financial Officer and Treasurer
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MICHAEL L HANCESenior Vice President and Officer and Secretary
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