Huffman Trucking

Topics: Generally Accepted Accounting Principles, Balance sheet, Asset Pages: 3 (585 words) Published: June 11, 2013
Huffman Trucking
Balance Sheet
(Unaudited)
Horizontal Analysis
December 31st
20112010Difference% change
(In Thousands)

Assets
Current Assets
Cash & Cash Equivalents$89,664 $58,003 $31,661 54.59%
Accounts Receivable51,86981,557($29,688)-36.40%
Prepaid Expenses & Supplies6,2675,529$738 13.35%
Total Current Assets$147,800 $145,089 $2,711 1.87%

Carrier Operating Property (at cost)$85,306 $81,461 $3,845 4.72% Less: Allowance for Depreciation-69,536-67,119($2,417)3.60% Net Carrier Operating Property$15,770 $14,342 $1,428 9.96%

Assets of Discontinued Operations7,5168,739($1,223)-13.99% Goodwill (net)49,85249,852$0 0.00%
Other Assets46,32737,306$9,021 24.18%
Total Assets$267,265 $255,328 $11,937 4.68%

Liabilities and Shareholders' Equity
Current Liabilities
Accounts Payable$40,843 $45,381 ($4,538)-10.00%
Salaries & Wages37,29933,014$4,285 12.98%
Current Portion of Long-Term Debt1,7521,343$409 30.45% Freight & Casualty Claims Payable10,3899,697$692 7.14% Total Current Liabilities$90,283 $89,435 $848 0.95%

Long-Term Liabilities
Accrued Pension & Post-Retirement Health Care$64,058 $58,672 $5,386 9.18% Long-Term Debt7,3076,562$745 11.35%
Total Long-Term Liabilities$71,365 $65,234 $6,131 9.40%

Shareholders' Equity
Common Stock ($1.00 par value Authorized: 20,000,000 shares)$3.88 $3.88 Treasury Shares-1.952-1.952
Retained Earnings105,615100,657$4,958 4.93%
Total Shareholders' Equity$105,617 $100,659 $4,958 4.93%

Total Liabilities and Shareholders' Equity$267,265 $255,328 $11,937 4.68%

Vertical Analysis20112010
Cash & Cash Equivalents$89,664 33.55%$58,003 22.72%
Accounts Receivable51,86919.41%81,55731.94%
Prepaid Expenses & Supplies...
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