Stock Analysis on Net
Stock Analysis on Net

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 4, 2023.

Common-Size Balance Sheet: Assets

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Old Dominion Freight Line Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents
Short-term investments
Customer receivables, less allowances
Income taxes receivable
Other receivables
Prepaid expenses and other current assets
Current assets
Net property and equipment
Other assets
Non-current assets
Total assets

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Cash and Cash Equivalents
There was an increase in cash and cash equivalents as a percentage of total assets from 5.37% in 2018 to 10.1% in 2019, followed by a slight decrease and stabilization around 9% in 2020 and 2021. However, a notable decline occurred in 2022, dropping to 3.85%.
Short-term Investments
Short-term investments started being reported in 2020 at 7.56% of total assets, then decreased in subsequent years to 5.28% in 2021 and further to 1.02% in 2022, indicating a diminishing allocation to short-term investments over time.
Customer Receivables, Less Allowances
This category showed a decline from 12.06% in 2018 to 9.95% in 2019, then a gradual increase over the next three years, reaching 11.96% in 2022. The pattern suggests an initial reduction followed by growth in receivables relative to total assets.
Income Taxes Receivable
Income taxes receivable appeared in 2021 at 0.4% and slightly declined to 0.26% in 2022, reflecting a minor portion of assets allocated here with a small downward trend.
Other Receivables
Other receivables showed a significant decrease from 1.15% in 2018 to around 0.22-0.28% in subsequent years, maintaining a relatively stable but low proportion of total assets after the initial drop.
Prepaid Expenses and Other Current Assets
This category remained relatively stable, fluctuating slightly between 1.31% and 1.92%, with a small increase noted in 2022.
Current Assets
Current assets as a percentage of total assets increased substantially from 19.92% in 2018 to a peak of 28.7% in 2021, before declining sharply to 19.3% in 2022. This indicates more liquid assets were held during the middle years, followed by a reduction in the most recent year.
Net Property and Equipment
Net property and equipment decreased from 77.71% in 2018 to 66.69% in both 2020 and 2021. A significant rebound occurred in 2022, increasing to 76.2%, suggesting investment or revaluation of fixed assets in the latest period.
Other Assets
Other assets showed a rising trend from 2.37% in 2018 to a peak of 4.85% in 2020, with a slight decline thereafter, stabilizing around 4.5% by 2022.
Non-current Assets
Non-current assets as a percentage of total assets mirrored trends in net property and other assets, decreasing from 80.08% in 2018 to a low near 71.3% in 2021, before increasing substantially to 80.7% in 2022, indicating a shift back toward long-term asset holdings in the most recent year.
Total Assets
Total assets are consistently 100% each year, serving as the base for the relative percentages reported for asset categories.