Huffman Trucking Income Statement & Vertical Analysis Essay Example
Huffman Trucking
Income Statement / Vertical Analysis
December 31st, 2006 | In Thousands$ | Percent of Net-Sales(Rounded) | | 2006 | 2005 | 2006 | 2005 | Revenues | 879,944 | 807,288 | 100% | 100 | | Operating Expenses | | Salaries, Wages & Benefits | 353,739 | 330,597 | 40% | 41% | Fuel Expense | 217,363 | 192,357 | 25% | 24% | Operating Supplies & Expenses | 152,318 | 136,319 | 17% | 17% | Purchased Transportation | 89,957 | 82,429 | 10% | 10% | Operating Taxes & Licenses | 18,613 | 17,989 | 2% | 2% | Insurance & Claims | 13,526 | 13,006 | 2% | 2% | Provision for Depreciation | 2,726 | 2,738 | .3% | .3% | Total Operating Expenses | 848,242 | 775,535 | 97% | 97% | | Operating Income from Continuing Operations | 31,702 | 31,753 | 4% | 4% | | Interest Expense | 790 | 901 | 1% | 1% | Tax Expense | 11,701 | 12,050 | 1% | 2% | Net Income | 19,211 | 18,802 | 2% | 2% |
Huffman Trucking
Income Statement / Horizontal Analysis
December 31st, 2006 | In Thousands$ | Increase / (Decrease)(Rounded) | | 2006 | 2005 | Amount | Percent | Revenues | 879,944 | 807,288 | 72,656 | 9% | | Operating Expenses | | | | | Salaries, Wages & Benefits | 353,739 | 330,597 | 23,142 | 7% | Fuel Expense | 217,363 | 192,357 | 25,006 | 13 | Operating Supplies & Expenses | 152,318 | 136,319 | 15,999 | 12% | Purchased Transportation | 89,957 | 82,429 | 7,428 | 9% | Operating Taxes & Licenses | 18,613 | 17,989 | 624 | 4% | Insurance & Claims | 13,526 | 13,006 | 520 | 4% | Provision for Depreciation | 2,726 | 2,738 | (12) | (.4%) | Total Operating Expenses | 848,242 | 775,535 | 72,707 | 9% | | Operating Income from Continuing Operations | 31,702 | 31,753 | (51) | (.2%) | | | | | | Interest Expense | 790 | 901 | (111) | (12%) | Tax Expense | 11,701 | 12,050 | (349) | (3%) | Net Income | 19,211 | 18,802 | 409 | 2% |
Huffman Trucking
Balance Sheet / Vertical Analysis
Income Statement / Vertical Analysis
December 31st, 2006 | In Thousands$ | Percent of Net-Sales(Rounded) | | 2006 | 2005 | 2006 | 2005 | Revenues | 879,944 | 807,288 | 100% | 100 | | Operating Expenses | | Salaries, Wages & Benefits | 353,739 | 330,597 | 40% | 41% | Fuel Expense | 217,363 | 192,357 | 25% | 24% | Operating Supplies & Expenses | 152,318 | 136,319 | 17% | 17% | Purchased Transportation | 89,957 | 82,429 | 10% | 10% | Operating Taxes & Licenses | 18,613 | 17,989 | 2% | 2% | Insurance & Claims | 13,526 | 13,006 | 2% | 2% | Provision for Depreciation | 2,726 | 2,738 | .3% | .3% | Total Operating Expenses | 848,242 | 775,535 | 97% | 97% | | Operating Income from Continuing Operations | 31,702 | 31,753 | 4% | 4% | | Interest Expense | 790 | 901 | 1% | 1% | Tax Expense | 11,701 | 12,050 | 1% | 2% | Net Income | 19,211 | 18,802 | 2% | 2% |
Huffman Trucking
Income Statement / Horizontal Analysis
December 31st, 2006 | In Thousands$ | Increase / (Decrease)(Rounded) | | 2006 | 2005 | Amount | Percent | Revenues | 879,944 | 807,288 | 72,656 | 9% | | Operating Expenses | | | | | Salaries, Wages & Benefits | 353,739 | 330,597 | 23,142 | 7% | Fuel Expense | 217,363 | 192,357 | 25,006 | 13 | Operating Supplies & Expenses | 152,318 | 136,319 | 15,999 | 12% | Purchased Transportation | 89,957 | 82,429 | 7,428 | 9% | Operating Taxes & Licenses | 18,613 | 17,989 | 624 | 4% | Insurance & Claims | 13,526 | 13,006 | 520 | 4% | Provision for Depreciation | 2,726 | 2,738 | (12) | (.4%) | Total Operating Expenses | 848,242 | 775,535 | 72,707 | 9% | | Operating Income from Continuing Operations | 31,702 | 31,753 | (51) | (.2%) | | | | | | Interest Expense | 790 | 901 | (111) | (12%) | Tax Expense | 11,701 | 12,050 | (349) | (3%) | Net Income | 19,211 | 18,802 | 409 | 2% |
Huffman Trucking
Balance Sheet / Vertical Analysis