Sklenf Essay

647 WordsOct 23, 20133 Pages
Huffman TruckingBalance Sheet | (Unaudited) | | | December 31st | | 2011 | 2010 | | (In Thousands) | | Assets | Current Assets | | Cash & Cash Equivalents | $89,664 | $58,003 | Accounts Receivable | 51,869 | 81,557 | Prepaid Expenses & Supplies | 6,267 | 5,529 | Total Current Assets | $147,800 | $145,089 | | Carrier Operating Property (at cost) | $85,306 | $81,461 | Less: Allowance for Depreciation | (69,536) | (67,119) | Net Carrier Operating Property | $15,770 | $14,342 | | Assets of Discontinued Operations | 7,516 | 8,739 | Goodwill (net) | 49,852 | 49,852 | Other Assets | 46,327 | 37,306 | Total Assets | $267,265 | $255,328 | | | Liabilities and Shareholders' Equity | Current Liabilities | | Accounts Payable | $40,843 | $45,381 | Salaries & Wages | 37,299 | 33,014 | Current Portion of Long-Term Debt | 1,752 | 1,343 | Freight & Casualty Claims Payable | 10,389 | 9,697 | Total Current Liabilities | $90,283 | $89,435 | | Long-Term Liabilities | | Accrued Pension & Post-Retirement Health Care | $64,058 | $58,672 | Long-Term Debt | 7,307 | 6,562 | Total Long-Term Liabilities | $71,365 | $65,234 | | 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 | 105,615 | 100,657 | Total Shareholders' Equity | $105,617 | $100,659 | | Total Liabilities and Shareholders' Equity | $267,265 | $255,328 | Huffman TruckingStatement of Income | (Unaudited) | | | December 31st | | 2011 | 2010 | | (In Thousands) | | Revenue | $1,109,295 | $969,240 | | Operating Expenses | | Salaries, Wages & Benefits | $406,191 | $367,993 | Fuel Expense | 318,737 | 258,904 | Operating Supplies and Expenses | 117,670 |

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