USAK · USA Truck Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $710.39M | $551.14M | $522.63M | $534.06M | $446.53M | $429.10M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $673.07M | $538.28M | $520.32M | $512.84M | $448.60M | $436.62M |
| D&A | $35.87M | $41.36M | $37.19M | $28.32M | $28.46M | $29.95M |
| Operating Income | $37.32M | $12.86M | $2.31M | $21.22M | ($2.07M) | ($7.52M) |
| Interest Expense | $3.93M | $5.61M | $3.65M | $3.65M | $3.81M | $3.18M |
| Income Tax | $8.29M | $2.21M | ($156.0K) | $4.37M | ($13.76M) | ($3.52M) |
| Net Income | $24.77M | $4.75M | ($4.70M) | $12.20M | $7.50M | ($7.70M) |
| EPS - Basic | $2.81 | $0.54 | ($0.55) | $1.49 | $0.93 | ($0.90) |
| EPS - Diluted | $2.76 | $0.53 | ($0.55) | $1.49 | $0.93 | ($0.90) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | - | - | $97.0K | $989.0K | $71.0K | $122.0K |
| Accounts Receivable | $100.17M | $63.98M | $49.85M | $56.00M | $55.14M | $55.13M |
| Inventory | $1.39M | $975.0K | $769.0K | $722.0K | $458.0K | $413.0K |
| Accounts Payable | $36.38M | $27.05M | $29.42M | $22.45M | $24.33M | $18.78M |
| Current Assets | $113.01M | $79.54M | $66.52M | $72.65M | $64.59M | $73.50M |
| Total Assets | $364.04M | $350.23M | $350.71M | $321.80M | $253.85M | $294.97M |
| Current Liabilities | $87.20M | $72.97M | $91.40M | $69.01M | $64.04M | $57.66M |
| Long-term Debt | $63.35M | $81.35M | $83.35M | $85.30M | $61.23M | $96.60M |
| Total Liabilities | $252.61M | $265.53M | $272.50M | $241.33M | $187.37M | $236.50M |
| Stockholders' Equity | $111.42M | $84.70M | $78.21M | $80.47M | $66.49M | $58.46M |
| Retained Earnings | $103.28M | $78.52M | $73.77M | $77.66M | $65.46M | $58.17M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $31.24M | $37.56M | $43.46M | $41.26M | $22.19M | $22.19M |
| Investing Cash Flow | ($1.06M) | ($7.53M) | ($24.80M) | ($50.79M) | ($33.90M) | ($33.90M) |
| Financing Cash Flow | ($29.15M) | ($29.79M) | ($19.56M) | $10.44M | $11.75M | $11.75M |
| CapEx | $10.72M | - | - | $15.02M | $13.98M | $59.75M |
| Free Cash Flow | $20.52M | - | - | $26.24M | $8.21M | ($37.56M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 5.3% | 2.3% | 0.4% | 4.0% | -0.5% | -1.8% |
| EBITDA margin | 10.3% | 9.8% | 7.6% | 9.3% | 5.9% | 5.2% |
| Net margin | 3.5% | 0.9% | -0.9% | 2.3% | 1.7% | -1.8% |
| Free cash flow margin | 2.9% | - | - | 4.9% | 1.8% | -8.8% |
| FCF / Net income | 0.83 | - | - | 2.15 | 1.10 | 4.88 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 25.1% | 31.8% | - | 26.4% | - | - |
| Return on assets | 6.8% | 1.4% | -1.3% | 3.8% | 3.0% | -2.6% |
| Return on equity | 22.2% | 5.6% | -6.0% | 15.2% | 11.3% | -13.2% |
| Return on invested capital | 16.0% | 5.3% | 1.1% | 9.4% | -1.3% | -3.8% |
| Liquidity | ||||||
| Current ratio | 1.30 | 1.09 | 0.73 | 1.05 | 1.01 | 1.27 |
| Quick ratio | 1.28 | 1.08 | 0.72 | 1.04 | 1.00 | 1.27 |
| Cash ratio | - | - | 0.00 | 0.01 | 0.00 | 0.00 |
| Leverage | ||||||
| Debt / Equity | 0.57 | 0.96 | 1.07 | 1.06 | 0.92 | 1.65 |
| Debt / Assets | 0.17 | 0.23 | 0.24 | 0.27 | 0.24 | 0.33 |
| Debt / EBITDA | 0.87 | 1.50 | 2.11 | 1.72 | 2.32 | 4.31 |
| Interest coverage | 9.5x | 2.3x | 0.6x | 5.8x | -0.5x | -2.4x |
| Equity multiplier | 3.27 | 4.13 | 4.48 | 4.00 | 3.82 | 5.05 |
| Liabilities / Assets | 0.69 | 0.76 | 0.78 | 0.75 | 0.74 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 1.95 | 1.57 | 1.49 | 1.66 | 1.76 | 1.45 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 51d | 42d | 35d | 38d | 45d | 47d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 28.9% | 5.5% | -2.1% | 19.6% | 4.1% | -15.5% |
| Revenue CAGR (3y) | 10.0% | 7.3% | 6.8% | 1.7% | -9.5% | -8.2% |
| Revenue CAGR (5y) | 10.6% | 1.6% | -2.8% | -0.8% | -2.7% | 2.3% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 190.2% | 455.4% | -89.1% | - | 72.5% | - |
| Net income growth (YoY) | 421.9% | - | - | 62.8% | - | - |
| EPS growth (YoY) | 420.8% | - | - | 60.2% | - | - |
| EPS CAGR (3y) | 22.8% | -17.1% | - | 12.0% | 17.0% | - |
| EPS CAGR (5y) | - | -12.9% | - | - | - | - |
| FCF growth (YoY) | - | - | - | 219.6% | - | -24.0% |
| FCF CAGR (5y) | - | - | - | 58.6% | - | - |
| Book value growth (YoY) | 31.6% | 8.3% | -2.8% | 21.0% | 13.7% | -37.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$764.47M totalTrucking$441.12M · 57.7%
USATLogistics$323.36M · 42.3%
Product / service
$441.12M totalFreight$383.33M · 86.9%
Fuel Surcharge$48.04M · 10.9%
Accessorial$9.75M · 2.2%
Geographic
$37.90M totalNon Us$37.90M · 100.0%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
2.74
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Trucking (No Local)
Comparing USA TRUCK INC against the 5 most active filers in the same SIC group.