Name: FWRD Balance Sheet - Forward Air Assets & Debt | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Total Assets, Current Assets, Cash and Equivalents, Total Liabilities, Long-term Debt, Short-term Debt, Shareholders Equity, Working Capital, Book Value Per Share

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FWRD - Forward Air Corp.

USD | NASDAQ | Industrials

FWRD Balance Sheet - Forward Air Assets & Debt | Ledgeburg

(in millions of USD)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Cash And Short Term Investments
Cash And Equivalents	141.0	106.0	140.4	95.1	116.3	104.9	136.6	84.9	152.0	122.0	18.8	18.3	32.0	-	-

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD)	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Cash And Short Term Investments
Cash And Equivalents	106.0	104.9	122.0	45.8	37.3	40.3	64.7	25.7	3.9	8.5	33.3	41.4	127.4	112.2	58.8	74.5	42.0
Restricted Cash	0.0	0.4	39.6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	106.0	104.9	122.0	45.8	37.3	40.3	64.7	25.7	3.9	8.5	33.3	41.4	127.4	112.2	58.8
Receivables
Accounts Receivable	343.6	322.3	153.3	188.2	208.1	156.5	136.2	156.4	147.9	116.6	109.2	95.3	76.5	75.3	70.9
Current Assets
Inventory	-	-	-	-	-	-	2.1	2.2	1.4	1.3	1.3	1.1	1.1	0.9	0.9	0.8
Non-Current Assets
Property, Plant & Equipment Gross	-	-	-	469.7	420.0	380.5	373.6	413.9	399.2	379.0	343.1	305.2	271.1	239.1
Current Liabilities
Accounts Payable	121.8	105.7	45.4	50.1	44.8	38.4	25.4	34.6	30.7	18.0	23.3	20.6	16.3	11.2	12.4
Non-Current Liabilities
Long Term Debt	1,687.2	1,675.9	0.0	106.6	155.5	112.4	67.3	47.3	40.2	0.0	27.5	0.0	-	-	0.0	50.0
Common Equity
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Supplementary Data
Total Debt	1,687.2	1,675.9	0.0	108.1	157.0	112.4	72.7	47.3	40.2	27.7	83.1	0.0	-	-	0.0	50.0

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Receivables
Accounts Receivable	330.7	343.6	341.4	335.7	336.4	322.3	361.0	368.9	351.8	153.3	191.8	176.0	201.4	221.0	247.7	246.0	236.7	208.1	205.2	209.2	186.5	156.5	153.1	130.8	143.2	136.2	157.5	154.7	150.6	156.4	148.5	152.4	146.2	147.9	132.1	123.5	116.5	116.6	115.3	109.3

Current Assets
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid Expenses	29.5	28.0	30.8	33.2	29.4	29.1	31.2	39.2	39.5	25.7	-	-	-	-	-	-	-	-
Other Current Assets	38.1	37.3	39.9	10.4	10.9	15.9	13.1	44.4	4.3	1.1	27.1	21.5	24.4	37.5	18.4	22.3	22.5
Assets Held For Sale	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Current Assets	542.4	521.0	552.5	474.6	493.4	472.5	545.1	558.6	569.4	347.0	237.7	215.8	257.8	304.3	313.0	315.8

Non-Current Assets
Property, Plant & Equipment Gross	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	396.1	383.2	379.6	380.5	379.3	381.8	426.4	373.6	438.7	423.0	417.6	413.9	409.5	401.5	402.7	399.2	383.9	375.1	376.6	379.0	369.6	355.1
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	243.0	233.2	226.0	220.7	214.0	207.2	207.0
Property,Plant & Equipment Net	-	-	-	-	-	-	-	-	-	-	258.2	260.7	252.9	249.1	230.9	229.2	224.1
Long Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity Method Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill	522.7	522.7	522.7	522.7	522.7	522.7	716.1	545.4	1,379.2	278.7	356.8	356.8	356.6	306.2	288.5	287.6	265.6	266.8
Intangible Assets	884.0	906.8	929.9	953.0	976.1	999.2	1,033.4	1,230.7	1,264.4	134.8	146.7	151.2	155.7	154.8	155.2	160.2	150.6
Operating Lease Right Of Use Assets	402.7	412.5	411.6	419.5	408.6	410.1	355.1	323.8	334.3	111.6	134.7	144.8	150.3	141.9	147.3	154.3
Deferred Tax Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Current Assets	57.4	58.0	67.7	70.1	71.8	71.9	-	-	-	-	-	-	-	-	-	-	-
Total Non-Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Assets	2,695.9	2,718.9	2,794.2	2,761.2	2,803.8	2,802.6	3,055.8	3,067.3	3,959.3	2,979.5	1,190.6	1,184.6	1,226.6	1,208.1	1,186.1	1,197.1

Current Liabilities
Accounts Payable	103.7	121.8	124.8	115.1	111.5	105.7	157.2	143.5	130.6	45.4	45.7	37.1	43.0	54.6	50.7	42.1	54.4	44.8	42.9	43.7	40.7	38.4	32.6	27.7	26.6	25.4	32.6	30.6	31.1	34.6	35.1	32.0	30.0	30.7	22.4	17.6	15.8	18.0	18.4	13.8
Short Term Debt	-	-	-	-	-	-	-	-	11.3	0.0	3.2	2.6	2.4	1.5	1.5	1.5	1.5	1.5
Deferred Revenue Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease Liabilities Current	112.8	107.0	101.4	101.0	97.6	96.4	89.6	89.2	93.6	44.3	51.5	52.8	52.1	47.1	48.6	49.5
Accrued Expenses	133.1	114.4	146.8	115.6	143.5	119.8	135.6	117.4	119.0	62.9	56.6	53.3	52.8	54.3	68.0	64.4	66.5
Other Current Liabilities	76.9	69.1	70.5	48.1	68.2	45.1	49.6	53.1	73.5	71.7	21.6	12.1	6.2	4.0	4.4	4.0	12.5
Total Current Liabilities	441.9	428.3	460.0	396.7	438.3	384.0	448.7	420.0	444.8	237.1	190.4	169.2	165.8	169.4	179.6

Non-Current Liabilities
Long Term Debt	1,690.3	1,687.2	1,684.3	1,681.5	1,678.6	1,675.9	1,673.3	1,677.3	1,664.1	0.0	118.9	119.8	150.7	106.6	106.9	147.3	155.1	155.5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease Liabilities Non-Current	313.2	327.0	327.9	334.3	325.0	325.6	275.8	243.2	247.0	71.6	87.9	96.8	102.7	98.9	102.9
Deferred Revenue Non-Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Tax Liabilities	25.0	27.2	37.4	33.4	35.2	38.2	209.5	271.2	177.8	42.2	53.3	53.3	53.0	51.1	45.4	45.4	45.1
Pension Obligations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Current Liabilities	56.2	53.5	48.4	49.7	52.2	48.8	42.4	43.1	45.5	47.1	51.0	48.4	50.5	59.0	57.5	55.4
Total Non-Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Liabilities	2,573.6	2,557.3	2,598.4	2,545.0	2,576.8	2,516.8	2,719.3	2,705.1	2,626.8	2,215.3	524.9	511.0	540.9	500.8	503.4	532.8

Common Equity
Common Stock	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
Additional Paid In Capital	564.6	559.6	556.1	551.8	546.6	542.4	528.3	512.6	508.7	283.7	280.6	277.6	274.0	270.9	267.8	265.1	261.4
Retained Earnings	(482.9)	(447.1)	(418.8)	(402.5)	(389.8)	(338.2)	(301.6)	(228.2)	417.3	480.3	384.8	395.8	411.4	436.1	414.6	399.0	350.1
Accumulated Other Comprehensive Income	(1.0)	0.6	2.1	2.1	(2.5)	(2.7)	(0.8)	(1.0)	(0.2)	0.0	-	-	-	-	-	-
Treasury Stock	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Minority Interest	41.3	48.3	56.1	64.4	72.4	84.1	110.5	80.5	406.4	0.0	-	-	-	-	-	-	-	-
Total Stockholders Equity	81.0	113.3	139.8	151.8	154.6	201.7	226.1	283.8	926.1	764.3	665.7	673.6	685.6	707.2	682.7	664.4	611.8
Total Equity	122.3	161.7	195.8	216.2	227.0	285.9	336.5	362.2	1,332.4	764.3	665.7	673.6	685.6	707.2	682.7	664.4	611.8	593.7

Supplementary Data
Total Debt	1,690.3	1,687.2	1,684.3	1,681.5	1,678.6	1,675.9	1,673.3	1,677.3	1,675.4	0.0	122.0	122.4	153.1	108.1	108.4	148.8	156.6	157.0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net debt	1,549.2	1,581.3	1,544.0	1,586.3	1,562.3	1,571.0	1,536.7	1,592.4	1,523.3	(122.0)	103.2	104.1	121.1	-	-	-	-	-
Working Capital	100.5	92.7	92.4	77.9	55.1	88.5	96.4	138.6	124.6	109.9	47.3	46.6	92.0	134.9	133.4	148.3	137.3	118.1
Book Value	81.0	113.3	139.8	151.8	154.6	201.7	226.1	283.8	926.1	764.3	665.7	673.6	685.6	707.2	682.7	664.4	611.8	593.7
Tangible Book Value	(1,325.7)	(1,316.2)	(1,312.8)	(1,323.9)	(1,344.2)	(1,320.2)	(1,523.3)	(1,492.3)	(1,717.5)	350.8	162.2	165.6	173.3	246.3	239.0	216.5	195.5