v3.25.2

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2025	Dec. 28, 2024
Current Assets
Cash and cash equivalents	$ 359,237	$ 515,018
Short-term investments	66,935	51,619
Trade accounts receivable, less allowance of $12,284 and $12,904	717,249	683,841
Other receivables, including advances to independent contractors, less allowance of $21,995 and $17,812	48,781	47,160
Other current assets	45,144	22,229
Total current assets	1,237,346	1,319,867
Operating property, less accumulated depreciation and amortization of $464,538 and $456,547	287,500	311,345
Goodwill	41,399	40,933
Other assets	133,399	141,166
Total assets	1,699,644	1,813,311
Current Liabilities
Cash overdraft	58,141	61,033
Accounts payable	401,849	383,625
Current maturities of long-term debt	30,747	33,116
Insurance claims	36,797	40,511
Dividends payable	0	70,632
Other current liabilities	91,605	84,237
Total current liabilities	619,139	673,154
Long-term debt, excluding current maturities	54,677	69,191
Insurance claims	73,268	62,842
Deferred income taxes and other noncurrent liabilities	30,734	35,685
Shareholders' Equity
Common stock, $0.01 par value, authorized 160,000,000 shares, issued 68,589,418 and 68,559,269 shares	686	686
Additional paid-in capital	258,915	255,260
Retained earnings	2,905,011	2,859,916
Cost of 33,935,882 and 33,243,196 shares of common stock in treasury	(2,235,622)	(2,131,413)
Accumulated other comprehensive loss	(7,164)	(12,010)
Total shareholders' equity	921,826	972,439
Total liabilities and shareholders' equity	$ 1,699,644	$ 1,813,311

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

LANDSTAR SYSTEM INC 10-Q