|
Huffman Trucking
Balance 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
|
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huffman_trucking_balance_sheet.docx
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