Landstar System Inc
NASDAQ:LSTR
Income Statement
Earnings Waterfall
Landstar System Inc
Revenue
|
5.1B
USD
|
Cost of Revenue
|
-4.3B
USD
|
Gross Profit
|
744.2m
USD
|
Operating Expenses
|
-441.3m
USD
|
Operating Income
|
302.8m
USD
|
Other Expenses
|
-69.4m
USD
|
Net Income
|
233.4m
USD
|
Income Statement
Landstar System Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Apr-2017 | Jul-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Apr-2023 | Jul-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 721
N/A
|
2 861
+5%
|
3 000
+5%
|
3 186
+6%
|
3 260
+2%
|
3 314
+2%
|
3 337
+1%
|
3 323
0%
|
3 272
-2%
|
3 179
-3%
|
3 125
-2%
|
3 169
+1%
|
3 238
+2%
|
3 334
+3%
|
3 490
+5%
|
3 649
+5%
|
3 916
+7%
|
4 229
+8%
|
4 488
+6%
|
4 619
+3%
|
4 604
0%
|
4 467
-3%
|
4 277
-4%
|
4 090
-4%
|
3 984
-3%
|
3 762
-6%
|
3 836
+2%
|
4 136
+8%
|
4 496
+9%
|
5 243
+17%
|
5 892
+12%
|
6 540
+11%
|
7 224
+10%
|
7 628
+6%
|
7 710
+1%
|
7 440
-3%
|
6 905
-7%
|
6 306
-9%
|
5 782
-8%
|
5 313
-8%
|
5 051
-5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 316)
|
(2 438)
|
(2 565)
|
(2 712)
|
(2 776)
|
(2 821)
|
(2 838)
|
(2 822)
|
(2 774)
|
(2 691)
|
(2 642)
|
(2 680)
|
(2 740)
|
(2 823)
|
(2 961)
|
(3 103)
|
(3 336)
|
(3 609)
|
(3 836)
|
(3 948)
|
(3 933)
|
(3 809)
|
(3 637)
|
(3 470)
|
(3 377)
|
(3 200)
|
(3 266)
|
(3 534)
|
(3 847)
|
(4 487)
|
(5 054)
|
(5 622)
|
(6 224)
|
(6 581)
|
(6 660)
|
(6 419)
|
(5 946)
|
(5 414)
|
(4 946)
|
(4 531)
|
(4 307)
|
|
Gross Profit |
405
N/A
|
423
+4%
|
435
+3%
|
474
+9%
|
484
+2%
|
493
+2%
|
499
+1%
|
501
+0%
|
498
-1%
|
488
-2%
|
483
-1%
|
489
+1%
|
499
+2%
|
511
+2%
|
529
+4%
|
546
+3%
|
581
+6%
|
620
+7%
|
652
+5%
|
671
+3%
|
671
+0%
|
658
-2%
|
640
-3%
|
620
-3%
|
607
-2%
|
562
-7%
|
570
+1%
|
603
+6%
|
649
+8%
|
756
+17%
|
837
+11%
|
919
+10%
|
1 000
+9%
|
1 046
+5%
|
1 050
+0%
|
1 021
-3%
|
960
-6%
|
892
-7%
|
836
-6%
|
783
-6%
|
744
-5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(229)
|
(237)
|
(237)
|
(250)
|
(256)
|
(258)
|
(259)
|
(259)
|
(257)
|
(260)
|
(261)
|
(266)
|
(271)
|
(275)
|
(292)
|
(302)
|
(314)
|
(331)
|
(336)
|
(339)
|
(334)
|
(323)
|
(321)
|
(321)
|
(335)
|
(323)
|
(320)
|
(319)
|
(346)
|
(349)
|
(381)
|
(413)
|
(435)
|
(453)
|
(454)
|
(450)
|
(450)
|
(445)
|
(442)
|
(438)
|
(441)
|
|
Selling, General & Administrative |
(179)
|
(186)
|
(186)
|
(197)
|
(201)
|
(201)
|
(200)
|
(199)
|
(195)
|
(198)
|
(198)
|
(201)
|
(205)
|
(206)
|
(221)
|
(233)
|
(243)
|
(259)
|
(262)
|
(264)
|
(258)
|
(245)
|
(241)
|
(239)
|
(253)
|
(243)
|
(242)
|
(243)
|
(240)
|
(271)
|
(298)
|
(327)
|
(343)
|
(358)
|
(354)
|
(347)
|
(345)
|
(336)
|
(332)
|
(326)
|
(327)
|
|
Depreciation & Amortization |
(27)
|
(26)
|
(25)
|
(28)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(32)
|
(34)
|
(36)
|
(37)
|
(39)
|
(40)
|
(41)
|
(42)
|
(43)
|
(43)
|
(44)
|
(44)
|
(44)
|
(44)
|
(45)
|
(45)
|
(45)
|
(46)
|
(46)
|
(46)
|
(47)
|
(48)
|
(50)
|
(51)
|
(54)
|
(56)
|
(58)
|
(59)
|
(60)
|
(59)
|
(58)
|
(57)
|
|
Other Operating Expenses |
(23)
|
(25)
|
(25)
|
(26)
|
(27)
|
(29)
|
(31)
|
(32)
|
(31)
|
(30)
|
(29)
|
(30)
|
(29)
|
(30)
|
(31)
|
(29)
|
(29)
|
(30)
|
(30)
|
(32)
|
(32)
|
(35)
|
(36)
|
(37)
|
(37)
|
(35)
|
(32)
|
(31)
|
(60)
|
(31)
|
(35)
|
(37)
|
(40)
|
(42)
|
(44)
|
(45)
|
(47)
|
(50)
|
(51)
|
(54)
|
(57)
|
|
Operating Income |
177
N/A
|
187
+6%
|
199
+6%
|
224
+13%
|
228
+2%
|
236
+3%
|
240
+2%
|
242
+1%
|
241
0%
|
228
-5%
|
222
-2%
|
223
+1%
|
228
+2%
|
236
+3%
|
238
+1%
|
244
+3%
|
267
+9%
|
289
+8%
|
316
+9%
|
332
+5%
|
338
+2%
|
335
-1%
|
319
-5%
|
299
-6%
|
273
-9%
|
239
-12%
|
250
+5%
|
284
+13%
|
302
+7%
|
407
+35%
|
457
+12%
|
506
+11%
|
565
+12%
|
593
+5%
|
595
+0%
|
571
-4%
|
510
-11%
|
447
-12%
|
394
-12%
|
344
-13%
|
303
-12%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(2)
|
(0)
|
2
|
4
|
5
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(16)
|
(15)
|
(31)
|
0
|
(15)
|
(16)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
173
N/A
|
184
+6%
|
196
+6%
|
221
+13%
|
225
+2%
|
233
+3%
|
237
+2%
|
239
+1%
|
238
-1%
|
224
-6%
|
219
-3%
|
220
+0%
|
224
+2%
|
232
+4%
|
234
+1%
|
241
+3%
|
264
+10%
|
286
+8%
|
313
+9%
|
328
+5%
|
334
+2%
|
332
-1%
|
315
-5%
|
296
-6%
|
269
-9%
|
220
-18%
|
231
+5%
|
249
+8%
|
298
+20%
|
388
+30%
|
437
+13%
|
502
+15%
|
561
+12%
|
589
+5%
|
591
+0%
|
568
-4%
|
508
-11%
|
447
-12%
|
396
-11%
|
348
-12%
|
308
-12%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(65)
|
(68)
|
(73)
|
(82)
|
(84)
|
(87)
|
(89)
|
(91)
|
(91)
|
(86)
|
(83)
|
(82)
|
(83)
|
(86)
|
(82)
|
(83)
|
(92)
|
(100)
|
(114)
|
(117)
|
(107)
|
(95)
|
(81)
|
(68)
|
(63)
|
(51)
|
(54)
|
(57)
|
(70)
|
(92)
|
(104)
|
(120)
|
(132)
|
(140)
|
(140)
|
(137)
|
(124)
|
(108)
|
(96)
|
(84)
|
(74)
|
|
Income from Continuing Operations |
109
|
115
|
123
|
139
|
141
|
146
|
148
|
148
|
147
|
139
|
136
|
137
|
141
|
146
|
152
|
158
|
172
|
186
|
199
|
212
|
227
|
237
|
235
|
228
|
205
|
169
|
177
|
192
|
229
|
297
|
333
|
382
|
429
|
449
|
451
|
431
|
384
|
338
|
300
|
264
|
233
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
147
N/A
|
152
+4%
|
160
+5%
|
139
-13%
|
141
+2%
|
146
+3%
|
148
+2%
|
148
0%
|
147
-1%
|
139
-6%
|
136
-2%
|
137
+1%
|
141
+2%
|
146
+4%
|
152
+4%
|
177
+17%
|
202
+14%
|
227
+12%
|
252
+11%
|
255
+1%
|
261
+2%
|
260
-1%
|
246
-5%
|
228
-7%
|
205
-10%
|
169
-18%
|
177
+5%
|
192
+8%
|
229
+19%
|
297
+30%
|
333
+12%
|
382
+14%
|
429
+12%
|
449
+5%
|
451
+0%
|
431
-4%
|
384
-11%
|
338
-12%
|
300
-11%
|
264
-12%
|
233
-12%
|
|
EPS (Diluted) |
3.21
N/A
|
3.37
+5%
|
3.56
+6%
|
3.07
-14%
|
3.15
+3%
|
3.31
+5%
|
3.4
+3%
|
3.37
-1%
|
3.45
+2%
|
3.27
-5%
|
3.21
-2%
|
3.25
+1%
|
3.33
+2%
|
3.46
+4%
|
3.61
+4%
|
4.21
+17%
|
4.8
+14%
|
5.47
+14%
|
6.12
+12%
|
6.18
+1%
|
6.49
+5%
|
6.5
+0%
|
6.21
-4%
|
5.72
-8%
|
5.22
-9%
|
4.38
-16%
|
4.61
+5%
|
4.98
+8%
|
5.95
+19%
|
7.72
+30%
|
8.72
+13%
|
9.98
+14%
|
11.47
+15%
|
12.17
+6%
|
12.42
+2%
|
11.76
-5%
|
10.67
-9%
|
9.42
-12%
|
8.33
-12%
|
7.36
-12%
|
6.52
-11%
|