Huffman Trucking Income Statement & Vertical Analysis Essay

829 Words Aug 6th, 2012 4 Pages
Huffman Trucking
Income Statement / Vertical Analysis
December 31st, 2006 | In Thousands$ | Percent of Net-Sales(Rounded) | | 2006 | 2005 | 2006 | 2005 | Revenues | 879,944 | 807,288 | 100% | 100 | | Operating Expenses | | Salaries, Wages & Benefits | 353,739 | 330,597 | 40% | 41% | Fuel Expense | 217,363 | 192,357 | 25% | 24% | Operating Supplies & Expenses | 152,318 | 136,319 | 17% | 17% | Purchased Transportation | 89,957 | 82,429 | 10% | 10% | Operating Taxes & Licenses | 18,613 | 17,989 | 2% | 2% | Insurance & Claims | 13,526 | 13,006 | 2% | 2% | Provision for Depreciation | 2,726 | 2,738 | .3% | .3% | Total Operating Expenses | 848,242 | 775,535 | 97% | 97% | | Operating Income
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05 | Assets | Current Assets | | Cash& Cash Equivalents | 51,993 | 38,893 | 23% | 18% | Accounts Receivable | 56,292 | 57,441 | 25% | 27% | Prepaid Expenses & Supplies | 3,443 | 3,343 | 2% | 2% | Total Current Assets | 111,728 | 99,677 | 49% | 47% | | Carrier Operating Property (at cost) | 73,024 | 70,957 | 32% | 34% | Less: Allowance for Depreciation | (57,536) | (55,477) | 25% | 26% | Net Carrier Operating Property | 15,488 | 15,480 | 7% | 7% | | Assets of Discontinued Operation | 16,192 | 18,891 | 7% | 9% | Goodwill (net) | 57,767 | 53,977 | 25% | 25% | Other Assets | 26,613 | 24,194 | 12% | 11% | Total Assets | 227,788 | 212,219 | 100% | 100% | Liabilities & Shareholders’ Equity | Current Liabilities | | Accounts Payable | 47,124 | 39,936 | 21% | 19% | Salaries & Wages | 29,753 | 27,048 | 13% | 13% | Current Portion of Long-Term Debt | 2,204 | 2,514 | 10% | 1% | Freight & Casualty Claims Payable | 9,746 | 8,941 | 4% | 4% | Total Current Liabilities | 88,827 | 78,439 | 39% | 37% | | Long-Term Liabilities | | Accrued Pension& Post-Retirement Health Care | 58,362 | 52,721 | 26% | 25% | Long-Term Debt | 13,431 | 15,318 | 6% | 7% | Total Long-Term Debt Liabilities | 71,793 | 68,039 | 32% | 32% | | Shareholders’ Equity | | Common Stock ($1.00 par value authorized: 20,000,000 shares) | 3.882 | 3.882 | | | Treasury Shares | (1.952) | (1.952) | | | Retained Earnings | 67,166 |

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