Forward Air Corp
NASDAQ:FWRD
Balance Sheet
Balance Sheet Decomposition
Forward Air Corp
Forward Air Corp
Balance Sheet
Forward Air Corp
| Dec-2002 | Dec-2003 | Dec-2004 | Dec-2005 | Dec-2006 | Dec-2007 | Dec-2008 | Dec-2009 | Dec-2010 | Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Dec-2023 | Dec-2024 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents |
34
|
16
|
0
|
0
|
8
|
5
|
22
|
42
|
75
|
59
|
112
|
127
|
41
|
33
|
9
|
4
|
26
|
65
|
40
|
37
|
46
|
122
|
105
|
106
|
|
| Cash Equivalents |
34
|
16
|
0
|
0
|
8
|
5
|
22
|
42
|
75
|
59
|
112
|
127
|
41
|
33
|
9
|
4
|
26
|
65
|
40
|
37
|
46
|
122
|
105
|
106
|
|
| Short-Term Investments |
20
|
70
|
112
|
79
|
62
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Receivables |
30
|
32
|
42
|
51
|
52
|
60
|
61
|
56
|
63
|
71
|
75
|
77
|
95
|
109
|
117
|
148
|
161
|
154
|
157
|
216
|
221
|
159
|
322
|
350
|
|
| Accounts Receivables |
29
|
32
|
38
|
46
|
49
|
60
|
57
|
56
|
63
|
71
|
75
|
77
|
95
|
109
|
117
|
148
|
156
|
150
|
157
|
208
|
221
|
153
|
322
|
344
|
|
| Other Receivables |
2
|
0
|
4
|
5
|
3
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
4
|
0
|
8
|
0
|
5
|
0
|
6
|
|
| Inventory |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
1
|
0
|
1
|
0
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Current Assets |
4
|
5
|
5
|
6
|
5
|
6
|
8
|
9
|
8
|
9
|
11
|
15
|
10
|
31
|
10
|
16
|
12
|
15
|
49
|
29
|
38
|
66
|
45
|
65
|
|
| Total Current Assets |
89
|
123
|
159
|
137
|
128
|
72
|
92
|
107
|
146
|
140
|
198
|
220
|
148
|
174
|
136
|
168
|
201
|
236
|
246
|
283
|
304
|
347
|
473
|
521
|
|
| PP&E Net |
37
|
33
|
37
|
47
|
53
|
103
|
123
|
129
|
126
|
130
|
134
|
155
|
173
|
187
|
200
|
206
|
210
|
365
|
313
|
367
|
391
|
370
|
736
|
710
|
|
| PP&E Gross |
37
|
33
|
37
|
47
|
53
|
103
|
123
|
129
|
126
|
130
|
134
|
155
|
173
|
187
|
200
|
206
|
210
|
365
|
313
|
367
|
391
|
370
|
736
|
710
|
|
| Accumulated Depreciation |
32
|
37
|
44
|
44
|
48
|
55
|
63
|
76
|
87
|
93
|
106
|
116
|
133
|
156
|
179
|
193
|
204
|
214
|
191
|
201
|
221
|
250
|
293
|
340
|
|
| Intangible Assets |
1
|
0
|
0
|
12
|
11
|
30
|
41
|
36
|
31
|
27
|
22
|
40
|
73
|
128
|
107
|
111
|
114
|
128
|
145
|
155
|
155
|
135
|
999
|
907
|
|
| Goodwill |
16
|
16
|
16
|
16
|
16
|
36
|
50
|
43
|
43
|
43
|
43
|
89
|
144
|
206
|
185
|
192
|
199
|
221
|
245
|
267
|
306
|
279
|
523
|
523
|
|
| Long-Term Investments |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Other Long-Term Assets |
4
|
3
|
2
|
1
|
6
|
1
|
2
|
2
|
2
|
2
|
2
|
3
|
2
|
6
|
14
|
16
|
37
|
41
|
98
|
46
|
52
|
1 849
|
72
|
58
|
|
| Other Assets |
16
|
16
|
16
|
16
|
16
|
36
|
50
|
43
|
43
|
43
|
43
|
89
|
144
|
206
|
185
|
192
|
199
|
221
|
245
|
267
|
306
|
279
|
523
|
523
|
|
| Total Assets |
146
N/A
|
175
+20%
|
215
+23%
|
213
-1%
|
213
+0%
|
242
+14%
|
308
+27%
|
317
+3%
|
349
+10%
|
341
-2%
|
399
+17%
|
506
+27%
|
539
+7%
|
700
+30%
|
641
-8%
|
693
+8%
|
760
+10%
|
991
+30%
|
1 047
+6%
|
1 118
+7%
|
1 208
+8%
|
2 980
+147%
|
2 803
-6%
|
2 719
-3%
|
|
| Liabilities | |||||||||||||||||||||||||
| Accounts Payable |
7
|
7
|
10
|
14
|
10
|
15
|
14
|
14
|
14
|
16
|
11
|
21
|
25
|
23
|
24
|
31
|
42
|
44
|
53
|
56
|
65
|
56
|
117
|
122
|
|
| Accrued Liabilities |
12
|
12
|
16
|
8
|
8
|
9
|
10
|
13
|
12
|
13
|
0
|
13
|
17
|
30
|
26
|
35
|
32
|
86
|
80
|
98
|
91
|
97
|
205
|
221
|
|
| Short-Term Debt |
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Current Portion of Long-Term Debt |
1
|
0
|
0
|
0
|
0
|
1
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
56
|
0
|
0
|
0
|
1
|
2
|
6
|
9
|
13
|
17
|
16
|
|
| Other Current Liabilities |
0
|
1
|
0
|
2
|
1
|
2
|
1
|
2
|
0
|
5
|
17
|
0
|
2
|
0
|
28
|
0
|
0
|
6
|
37
|
5
|
4
|
72
|
45
|
69
|
|
| Total Current Liabilities |
19
|
20
|
26
|
26
|
19
|
27
|
26
|
30
|
28
|
34
|
28
|
35
|
43
|
109
|
78
|
66
|
75
|
137
|
172
|
165
|
169
|
237
|
384
|
428
|
|
| Long-Term Debt |
1
|
1
|
1
|
1
|
1
|
32
|
53
|
52
|
51
|
0
|
0
|
0
|
1
|
29
|
1
|
41
|
47
|
72
|
117
|
165
|
122
|
1 817
|
1 707
|
1 710
|
|
| Deferred Income Tax |
8
|
6
|
7
|
7
|
7
|
7
|
9
|
6
|
6
|
11
|
12
|
27
|
23
|
40
|
42
|
29
|
37
|
44
|
42
|
43
|
51
|
42
|
38
|
27
|
|
| Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
84
|
48
|
|
| Other Liabilities |
0
|
0
|
0
|
0
|
1
|
5
|
3
|
5
|
8
|
9
|
7
|
9
|
8
|
12
|
22
|
24
|
48
|
160
|
169
|
151
|
158
|
119
|
388
|
392
|
|
| Total Liabilities |
27
N/A
|
27
+1%
|
34
+23%
|
34
+1%
|
28
-18%
|
70
+153%
|
91
+30%
|
92
+1%
|
93
+1%
|
54
-42%
|
48
-12%
|
70
+48%
|
76
+8%
|
190
+151%
|
142
-25%
|
160
+12%
|
207
+29%
|
414
+100%
|
500
+21%
|
524
+5%
|
501
-4%
|
2 215
+342%
|
2 601
+17%
|
2 606
+0%
|
|
| Equity | |||||||||||||||||||||||||
| Common Stock |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Retained Earnings |
84
|
110
|
144
|
179
|
185
|
171
|
206
|
208
|
232
|
244
|
287
|
328
|
333
|
349
|
319
|
337
|
343
|
350
|
304
|
335
|
436
|
480
|
338
|
447
|
|
| Additional Paid In Capital |
34
|
37
|
36
|
0
|
0
|
0
|
10
|
17
|
24
|
42
|
65
|
108
|
130
|
161
|
180
|
195
|
210
|
227
|
243
|
259
|
271
|
284
|
542
|
560
|
|
| Other Equity |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
1
|
|
| Total Equity |
118
N/A
|
148
+25%
|
181
+23%
|
179
-1%
|
185
+4%
|
172
-7%
|
216
+26%
|
225
+4%
|
256
+14%
|
287
+12%
|
352
+23%
|
436
+24%
|
464
+6%
|
510
+10%
|
499
-2%
|
533
+7%
|
553
+4%
|
577
+4%
|
547
-5%
|
594
+8%
|
707
+19%
|
764
+8%
|
202
-74%
|
113
-44%
|
|
| Total Liabilities & Equity |
146
N/A
|
175
+20%
|
215
+23%
|
213
-1%
|
213
+0%
|
242
+14%
|
308
+27%
|
317
+3%
|
349
+10%
|
341
-2%
|
399
+17%
|
506
+27%
|
539
+7%
|
700
+30%
|
641
-8%
|
693
+8%
|
760
+10%
|
991
+30%
|
1 047
+6%
|
1 118
+7%
|
1 208
+8%
|
2 980
+147%
|
2 803
-6%
|
2 719
-3%
|
|
| Shares Outstanding | |||||||||||||||||||||||||
| Common Shares Outstanding |
32
|
32
|
32
|
31
|
30
|
29
|
29
|
29
|
29
|
29
|
29
|
31
|
30
|
31
|
30
|
30
|
29
|
28
|
27
|
27
|
27
|
26
|
30
|
31
|
|