FWRD — Forward Air Income Statement

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Annual income statement for Forward Air, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	R2019 December 31st	2020 December 31st	R2021 December 31st	R2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	1,215	1,270	1,387	1,680	1,371
Cost of Revenue
Gross Profit	548	537	637	837	675
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	1,103	1,196	1,240	1,432	1,283
Operating Profit	112	73.9	147	248	88.2
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	110	69.4	143	242	56.6
Provision for Income Taxes
Net Income After Taxes	82.3	52.8	107	179	42.8
Net Income Before Extraordinary Items
Extraordinary Items
Net Income	87.1	23.7	106	193	167
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Diluted Net Income	86.2	23.3	105	192	166
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	2.87	1.89	3.89	6.62	3.28
Dividends per Share