Schneider National, Inc.

Listed Company

SNDRCIK 0001692063NYSELarge AcceleratedTrucking (No Local)WisconsinFY ends Dec 31

Period

FY 2025

Revenue

$5.67B

Net Income

$103.60M

Total Assets

$4.84B

Equity

$3.02B

Shares Out

—

Op. Cash Flow

$637.40M

Business

Schneider National, Inc. provides multimodal surface transportation and logistics solutions, coordinating the timely, safe, and efficient movement of freight. It offers truckload, intermodal, dedicated and network transportation, asset-light logistics and brokerage, Power Only services, supply chain and warehousing, trailer and equipment leasing, and insurance for drivers and owner-operators. The company reports operations across Truckload, Intermodal, and Logistics segments, and also operates a finance and insurance subsidiary. Schneider serves customers throughout the continental U.S., Canada, and Mexico via company assets and a nationwide network of third-party carriers.

Summary from filing dated 2025-02-21

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	5,674	5,291	5,499	6,604	5,609
Purchased transportation	1,980	1,991	2,185	2,903	2,658
Salaries, wages, and benefits	1,595	1,410	1,359	1,376	1,150
Fuel and fuel taxes	435	398	437	521	281
Depreciation and amortization	450	414	383	350	296
Operating supplies and expensesnet	725	637	576	534	462
Insurance and related expenses	187	152	114	103	82
Other general expenses	133	124	149	217	135
Total operating expenses	5,505	5,125	5,203	6,004	5,075
Income from operations	169	165	296	600	534
Interest income	−6	−4	−7	−3	−2
Interest expense	34	17	14	10	—
Other expenses (income)net	3	700,000	−17	−10	−19
Total other expenses (income)net	31	13	−10	−4	−8
Income before income taxes	138	152	306	604	542
Provision for income taxes	34	35	68	146	137
Net income	104	117	239	458	405
Foreign currency translation adjustmentnet	600,000	−900,000	500,000	−2	100,000
Net unrealized gains on marketable securitiesnet of tax	1	500,000	1	−4	−900,000
Total other comprehensive income (loss)net	2	−400,000	2	−5	−800,000
Comprehensive income	106	117	240	453	405
Weighted average common shares outstanding	175	176	177	178	178
Basic earnings per share	0.59	0.67	1.35	2.57	2.28
Weighted average diluted shares outstanding	176	176	178	179	178
Diluted earnings per share	0.59	0.66	1.34	2.56	2.28
Dividends declared per share	0.38	0.38	0.36	0.32	0.28

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	202	118	102	386	245
Marketable securities	42	48	57	46	49
Trade accounts receivablenet of allowance of $6.0 million and $8.0 million, respectively	578	600	576	644	705
Other receivables	71	54	62	21	36
Current portion of lease receivablesnet of allowance of $0.8 million and $0.8 million, respectively	81	85	93	111	111
Inventoriesnet	100	90	118	53	27
Prepaid expenses and other current assets	108	121	103	90	75
Total current assets	1,181	1,115	1,111	1,350	1,249
Transportation equipment	4,169	4,162	3,781	3,411	3,056
Land, buildings, and improvements	272	265	226	219	216
Other property and equipment	119	112	180	174	175
Total property and equipment	4,559	4,539	4,187	3,804	3,447
Less accumulated depreciation	1,840	1,670	1,606	1,524	1,396
Net property and equipment	2,720	2,869	2,582	2,280	2,051
Lease receivables	132	133	130	163	160
Internal use software and other noncurrent assets	470	438	403	297	237
Goodwill	337	378	332	228	241
Total noncurrent assets	3,659	3,818	3,446	2,968	2,689
Total Assets	4,840	4,934	4,557	4,318	3,937
Trade accounts payable	209	253	241	277	332
Accrued salaries, wages, and benefits	78	91	67	98	105
Claims accrualscurrent	151	140	89	76	84
Current maturities of debt and finance lease obligations	11	106	105	73	61
Other current liabilities	108	115	105	114	109
Total current liabilities	556	705	606	637	690
Long-term debt and finance lease obligations	391	421	198	142	209
Claims accrualsnoncurrent	170	151	93	95	89
Deferred income taxes	594	566	596	538	451
Other noncurrent liabilities	105	105	108	69	75
Total noncurrent liabilities	1,260	1,242	994	844	823
Total Liabilities	1,815	1,947	1,600	1,481	1,514
Additional paid-in capital	1,619	1,605	1,595	1,584	1,566
Retained earnings	1,518	1,482	1,432	1,258	858
Accumulated other comprehensive loss	−2	−4	−3	−5	0
Treasury stock at cost	−111	−96	−67	0	—
Total Shareholders Equity	3,025	2,987	2,957	2,837	2,424
Total Liabilities and Shareholders Equity	4,840	4,934	4,557	4,318	3,937

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
Gains on sales of property and equipmentnet	−11	−4	−29	−86	−64
Proceeds from lease receipts	62	62	75	84	76
Deferred income taxes	−3	4	56	83	2
Long-term incentive and share-based compensation expense	17	13	16	17	14
Gains on investments in equity securitiesnet	500,000	−2	−20	−14	−22
Other noncash itemsnet	2	2	500,000	−15	−4
Receivables	18	70	42	52	−162
Other assets	7	−7	−21	−43	−46
Claims reserves and receivablesnet	9	38	9	9	70
Payables	−21	−33	−33	−42	7
Other liabilities	4	12	−38	700,000	−17
Net cash provided by operating activities	637	686	680	856	566
Purchases of transportation equipment	−352	−414	−660	−535	−399
Purchases of other property and equipment	−33	−65	−42	−53	−50
Proceeds from sale of property and equipment	96	99	129	126	178
Proceeds from sale of off-lease inventory	18	33	35	26	17
Purchases of lease equipment	−70	−60	−105	−106	−92
Proceeds from government grants	0	2	15	0	0
Proceeds from marketable securities	8	12	6	6	15
Purchases of marketable securities	0	−2	−16	−8	−19
Investments in equity securities and equity method investment	−200,000	−100,000	−18	−24	−5
Investment in notes receivable	−13	−3	−10	0	0
Business acquisitions, net of cash acquired	0	−393	−240	−32	−271
Net cash used in investing activities	−346	−792	−908	−599	−626
Proceeds under revolving credit agreements	50	65	186	0	0
Payments under revolving credit agreements	−120	−100	−81	0	0
Proceeds from long-term debt	100	300	50	0	0
Payments of debt and finance lease obligations	−151	−45	−74	−62	−41
Dividends paid	−67	−67	−64	−56	−50
Repurchases of common stock	−15	−30	−67	0	0
Other financing activities	−4	−4	−6	1	0
Net cash (used in) provided by financing activities	−207	121	−56	−117	−90
Net increase (decrease) in cash and cash equivalents	84	15	−283	141	−151
Transportation and lease equipment purchases in accounts payable	100,000	5	9	13	15
Noncash equity investment	0	0	3	0	0
Sale of assets in exchange for notes receivable	0	4	0	2	0
Interest	32	14	10	9	12

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