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Landstar System, Inc.$111.87$.28.25%

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Income Statement for Landstar System, Inc.
(Amounts are in millions) 12/2019 12/2018 12/2017
Press Release Press Release Press Release
Net Sales or Revenues $4,089.62 $4,618.96 $3,648.86
Cost of Goods Sold $3,127.47 $3,569.96 $2,805.11
Gross Profit $962.14 $1,049.00 $843.75
       
Research & Development Expense N/A $0.00 $0.00
Selling, General, & Admin. Expense $618.77 $673.69 $559.23
Income Before Depreciation $343.37 $375.31 $284.53
       
Depreciation, Depletion, Amortization $44.47 $43.57 $40.56
Non-Operating Income N/A $0.00 $0.00
Interest Expense $3.14 $3.35 $3.17
Pretax Income $295.76 $328.38 $240.80
       
Provision for Income Taxes $68.06 $73.17 $63.81
Minority Interest ($0.02) ($0.07) ($0.09)
Investment Gains (Losses) N/A $0.00 $0.00
Other Income N/A $0.00 $0.00
Income Before Extraordinaries $227.70 $255.21 $177.00
       
Extraordinary Items & Disc. Operations $0.00 $0.00 $0.00
Net Income $227.72 $255.28 $177.09
       
Basic Earnings Per Share $5.72 $6.19 $4.22
Diluted Earnings Per Share $5.72 $6.18 $4.21
       
Weighted Average Basic Shares Outstanding 39.79 41.27 41.94
Weighted Average Diluted Shares Outstanding 39.79 41.31 42.02
       
Income Before Non-Recurring Items $227.72 $255.28 $157.59
Income From Non-Recurring Items $0.00 $0.00 $19.50
Diluted Earnings Per Share before extras $5.72 $6.18 $3.75
       
Dividend (preferred) N/A N/A N/A
Dividend (common) $27.62 $85.45 $15.96
Dividend Per Share (common) $0.70 $2.13 $0.38




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