WERNER ENTERPRISES INC

Listed Company

WERNCIK 0000793074NasdaqLarge AcceleratedTrucking (No Local)NebraskaFY ends Dec 31

Period

FY 2025

Revenue

$2.97B

Net Income

$-14.40M

Total Assets

$2.89B

Equity

$1.36B

Shares Out

59.87M

Op. Cash Flow

$181.83M

Business

WERNER ENTERPRISES INC is a transportation and logistics company that primarily transports truckload shipments of general commodities and provides non-asset-based logistics services. The company offers truckload services including dedicated, one-way van, expedited, regional, and temperature-controlled freight, plus logistics services such as truckload brokerage, freight management, intermodal and final mile delivery. Its business is organized into two reportable segments: Truckload Transportation Services (Dedicated and One-Way Truckload) and Werner Logistics (Truckload Logistics, Intermodal and Final Mile). Werner operates across North America, serving customers through common and contract carriage, regional networks, drayage partners, and contracted third‑party carriers.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	2,974	3,030	3,283	3,290	2,734
Salaries, wages and benefits	1,001	1,035	1,073	1,021	895
Fuel	248	275	345	437	246
Supplies and maintenance	248	246	256	253	207
Taxes and licenses	90	97	103	98	96
Insurance and claims	116	145	139	—	—
Depreciation and amortization	286	290	300	280	268
Rent and purchased transportation	903	845	886	777	641
Communications and utilities	16	17	18	16	13
Restructuring and impairment	44	0	0	—	—
Other	10	13	−12	−63	−39
Total operating expenses	2,963	2,964	3,107	2,967	2,425
Operating income (loss)	12	66	176	323	309
Interest expense	39	39	34	12	—
Interest income	−6	−7	−7	−2	−1
Loss (gain) on investments in equity securities	68,000	−8	278,000	−12	—
Loss (earnings) from equity method investment	−656,000	−556,000	1	0	0
Other	−385,000	−162,000	477,000	388,000	236,000
Total other expense, net	32	24	29	−2	−37
Income (loss) before income taxes	−21	42	148	325	346
Income tax expense	2	9	35	79	85
Net income (loss)	−23	34	112	246	261
Net loss attributable to noncontrolling interest	9	663,000	92,000	−4	−2
Net income (loss) attributable to Werner	−14	34	112	241	259
Basic (in dollars per share)	−0.24	0.55	1.77	3.76	3.84
Diluted (in dollars per share)	−0.24	0.55	1.76	3.74	3.82
Basic (in shares)	61	62	63	64	67
Diluted (in shares)	61	63	64	65	68

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	60	41	62	107	54
Accounts receivable, trade, less allowance of $7,646 and $7,169, respectively	395	392	445	519	461
Other receivables	20	26	25	30	24
Inventories and supplies	12	14	18	15	11
Prepaid expenses	57	54	54	—	—
Assets held for sale	33	0	—	—	—
Other current assets	36	15	30	74	63
Total current assets	613	542	635	763	631
Land	129	129	116	101	77
Buildings and improvements	364	338	321	309	287
Revenue equipment	2,157	2,235	2,290	2,169	1,911
Service equipment and other	253	240	224	307	282
Total property and equipment	2,902	2,941	2,952	2,886	2,558
Less accumulated depreciation	1,111	1,007	979	1,060	945
Property and equipment, net	1,791	1,934	1,973	1,825	1,613
Goodwill	129	129	129	133	75
Intangible assets, net	45	76	86	82	55
Other non-current assets	312	371	335	295	229
Total assets	2,889	3,052	3,158	3,097	2,604
Accounts payable	95	112	136	124	94
Current portion of long-term debt	0	20	3	6	5
Insurance and claims accruals	100	94	82	79	73
Accrued payroll	51	55	51	50	44
Accrued expenses	16	19	30	20	29
Other current liabilities	52	56	29	30	24
Total current liabilities	315	356	331	310	269
Long-term debt, net of current portion	752	630	646	688	423
Other long-term liabilities	53	66	54	60	43
Insurance and claims accruals, net of current portion	112	237	240	245	237
Deferred income taxes	266	270	320	313	268
Total liabilities	1,498	1,558	1,591	1,615	1,240
Commitments and contingencies	—	—	—	—	—
Temporary equity - redeemable noncontrolling interest	28	38	39	39	36
Common stock, $0.01 par value, 200,000,000 shares authorized; 80,533,536 shares issued; 59,869,405 and 61,850,434 shares outstanding, respectively	805,000	805,000	805,000	805,000	805,000
Paid-in capital	145	138	135	130	122
Retained earnings	1,905	1,953	1,953	1,876	1,667
Accumulated other comprehensive loss	−16	−18	−10	−11	−21
Treasury stock, at cost; 20,664,131 and 18,683,102 shares, respectively	−671	−617	−551	−552	—
Total stockholders equity	1,363	1,456	1,528	1,444	1,328
Total liabilities, temporary equity and stockholders equity	2,889	3,052	3,158	3,097	2,604

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes	−3	−50	8	43	29
Gain on disposal of property and equipment	−16	−15	−42	−89	−61
Non-cash equity compensation	11	9	12	12	11
Insurance and claims accruals, net of current portion	−46	−3	−5	8	6
Loss (gain) on investments in equity securities	68,000	−8	278,000	−12	−40
Change in fair value of contingent consideration	−8	0	0	—	—
Other	−16	−9	−8	−13	−3
Accounts receivable, net	−3	53	74	3	−101
Other current assets	−16	17	10	−18	−28
Accounts payable	−17	−10	3	−4	15
Other current liabilities	−12	23	9	−7	−24
Net cash provided by operating activities	182	330	474	449	333
Additions to property and equipment	−250	−414	−599	−507	−371
Proceeds from sales of property and equipment	88	179	190	190	178
Net cash invested in acquisitions	0	0	−188,000	−184	−202
Investment in equity securities, net	−6	−6	−3	−20	−10
Payments to acquire equity method investment	−4	−4	−3	0	0
Purchase of promissory note	0	0	−25	0	0
Decrease in notes receivable	2	3	5	8	8
Net cash used in investing activities	−172	−241	−435	−514	−397
Repayments of short-term debt	−58	−93	−50	−4	−28
Proceeds from issuance of short-term debt	55	110	45	0	5
Repayments of long-term debt	−320	−221	−90	−100	0
Proceeds from issuance of long-term debt	425	205	50	370	250
Dividends on common stock	−34	−35	−34	−32	−29
Repurchases of common stock	−56	−67	0	−110	−104
Tax withholding related to net share settlements of restricted stock awards	−2	−5	−6	−4	−4
Other	−3	0	−2	0	0
Net cash provided by (used in) financing activities	7	−106	−87	118	90
Effect of exchange rate fluctuations on cash	2	−4	2	632,000	−324,000
Net increase (decrease) in cash and cash equivalents	19	−21	−46	53	25
Interest paid	41	40	27	11	4
Income taxes paid	39	26	18	40	81
Notes receivable issued upon sale of property and equipment	3	3	3	6	6
Change in fair value of interest rate swaps	−2	−1	−5	7	4
Property and equipment acquired included in accounts payable	424,000	1	14	6	7
Contingent consideration associated with acquisition	0	0	−800,000	13	3

Filings

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