LSTR FY 2016 Earnings Report — Landstar System, Inc. Revenue & Financial Results | Market Cap Arena

Landstar System, Inc.LSTR

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.3B	—	-4.6%
Op. Income	$223M	—	$242M	—	-7.6%
Gross Margin	22.0%	—	21.7%	—	0.2pp
Net Margin	4.3%	—	4.4%	—	-0.1pp
EPS (Diluted)	$3.25	—	$3.37	—	-3.6%
Free Cash Flow	$168M	—	$211M	—	-20.7%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$696M
R&D Expenses	$0
Selling & Marketing	$264M
General & Administrative	$143M
SG&A Expenses	$407M
Other Expenses	$65M
Operating Expenses	$473M
Cost & Expenses	$2.9B
OPERATING INCOME	$223M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$219M
Income Tax Expense	$82M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$36M
EBIT	$220M
EBITDA	$256M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.5B
GROSS PROFIT	$696M
R&D Expenses	$0
Selling & Marketing	$264M
General & Administrative	$143M
SG&A Expenses	$407M
Other Expenses	$65M
Operating Expenses	$473M
Cost & Expenses	$2.9B
OPERATING INCOME	$223M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$219M
Income Tax Expense	$82M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$36M
EBIT	$220M
EBITDA	$256M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$36M
Stock-Based Compensation	$3M
Deferred Income Tax	$6M
Other Non-Cash Items	$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$23M
Acquisitions (Net)	$10M
Purchases of Investments	-$44M
Sales/Maturities of Investments	$42M
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	-$47M
Common Stock Repurchased	-$51M
Common Dividends Paid	-$14M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$168M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$67M
Net Receivables	$482M
Inventory	$0
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$737M
PP&E (Net)	$273M
Goodwill	$31M
Intangible Assets	$0
Long-Term Investments	-$54M
Tax Assets	$54M
Other Non-Current Assets	$55M
TOTAL NON-CURRENT ASSETS	$359M
TOTAL ASSETS	$1.1B
Account Payables	$219M
Short-Term Debt	$81M
Deferred Revenue	$0
Other Current Liabilities	$80M
TOTAL CURRENT LIABILITIES	$380M
Long-Term Debt	$93M
Deferred Revenue NC	-$54M
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$174M
TOTAL LIABILITIES	$554M
Common Stock	$676.0K
Additional Paid-In Capital	$199M
Retained Earnings	$1.5B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$543M
Minority Interest	$0
TOTAL EQUITY	$543M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$175M
Net Debt	-$4M