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COVENANT LOGISTICS GROUP, INC.: 10-Q filed 2021-11-05

What COVENANT LOGISTICS GROUP, INC. reported in its quarterly report filed 2021-11-05 (fiscal Q3 2021): 40 published measures, 109 facts as tagged in accession 0001437749-21-025492.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-05
Fiscal period
fiscal Q3 2021
Accession
0001437749-21-025492 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All COVENANT LOGISTICS GROUP, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-09-30703,954,000USD
At 2020-12-31676,716,000USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-09-30374,059,000USD
At 2020-12-31386,074,000USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-09-30329,895,000USD
At 2021-06-30313,537,000USD
At 2021-03-31296,657,000USD
At 2020-12-31290,642,000USD
At 2020-09-30314,796,000USD
At 2020-06-30306,931,000USD
At 2020-03-31328,493,000USD
At 2019-12-31350,111,000USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-09-3022,188,000USD
At 2020-12-318,407,000USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-07-01 to 2021-09-3016,442,000USD92
2021-01-01 to 2021-09-3042,999,000USD273
2021-04-01 to 2021-06-3015,417,000USD91
2021-01-01 to 2021-03-3111,140,000USD90
2020-07-01 to 2020-09-307,501,000USD92
2020-01-01 to 2020-09-30-17,055,000USD274
2020-04-01 to 2020-06-30-22,343,000USD91
2020-01-01 to 2020-03-31-2,213,000USD91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2021-01-01 to 2021-09-3068,238,000USD273
2020-01-01 to 2020-09-3024,957,000USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2021-01-01 to 2021-09-3021,801,000USD273
2020-01-01 to 2020-09-3063,614,000USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-76,422,000USD273
2020-01-01 to 2020-09-30-185,811,000USD274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2021-01-01 to 2021-09-3021,965,000USD273
2020-01-01 to 2020-09-30130,997,000USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-09-30207,344,000USD
At 2020-12-31166,325,000USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2021-07-01 to 2021-09-3016,782,000shares92
2021-01-01 to 2021-09-3016,832,000shares273
2020-07-01 to 2020-09-3017,134,000shares92
2020-01-01 to 2020-09-3017,435,000shares274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2021-07-01 to 2021-09-3016,975,000shares92
2021-01-01 to 2021-09-3017,041,000shares273
2020-07-01 to 2020-09-3017,267,000shares92
2020-01-01 to 2020-09-3017,435,000shares274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-07-01 to 2021-09-300.98USD/shares92
2021-01-01 to 2021-09-302.55USD/shares273
2020-07-01 to 2020-09-300.44USD/shares92
2020-01-01 to 2020-09-30-0.98USD/shares274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2021-07-01 to 2021-09-300.97USD/shares92
2021-01-01 to 2021-09-302.52USD/shares273
2020-07-01 to 2020-09-300.43USD/shares92
2020-01-01 to 2020-09-30-0.98USD/shares274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2021-07-01 to 2021-09-306,147,000USD92
2021-01-01 to 2021-09-3015,863,000USD273
2020-07-01 to 2020-09-301,339,000USD92
2020-01-01 to 2020-09-30-7,000,000USD274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2021-09-30350,353,000USD
At 2020-12-31391,452,000USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-07-01 to 2021-09-3020,083,000USD92
2021-01-01 to 2021-09-3048,925,000USD273
2020-07-01 to 2020-09-306,811,000USD92
2020-01-01 to 2020-09-30-23,594,000USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-09-30239,191,000USD
At 2020-12-31147,796,000USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-09-30207,675,000USD
At 2020-12-31133,381,000USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2021-09-3025,094,000USD
At 2020-12-3131,695,000USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2021-09-3042,518,000USD
At 2020-12-3142,518,000USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2021-09-3021,063,000USD
At 2020-12-3124,518,000USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-09-30131,561,000USD
At 2020-12-3191,295,000USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2021-01-01 to 2021-09-3010,348,000USD273
2020-01-01 to 2020-09-3017,486,000USD274

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2021-09-30148,056,000USD
At 2020-12-31143,438,000USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2021-09-30-1,483,000USD
At 2020-12-31-2,251,000USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-09-3040,200,000USD
At 2020-12-3137,400,000USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-09-3041,371,000USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2021-09-30510,903,000USD
At 2020-12-31541,276,000USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2021-09-30160,550,000USD
At 2020-12-31149,824,000USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-09-3049,554,000USD
At 2020-12-3160,897,000USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2021-09-308,326,000USD
At 2020-12-319,794,000USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2021-09-3071,260,000USD
At 2020-12-3138,538,000USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2021-09-3079,207,000USD
At 2020-12-3174,553,000USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-3022,589,000USD92
2021-01-01 to 2021-09-3056,322,000USD273
2020-07-01 to 2020-09-306,052,000USD92
2020-01-01 to 2020-09-30-28,540,000USD274

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2021-07-01 to 2021-09-3016,570,000USD92
2021-01-01 to 2021-09-3043,767,000USD273
2020-07-01 to 2020-09-307,626,000USD92
2020-01-01 to 2020-09-30-18,879,000USD274

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2021-01-01 to 2021-09-303,500,000USD273
2020-01-01 to 2020-09-303,900,000USD274

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2021-01-01 to 2021-09-3012,911,000USD273
2020-01-01 to 2020-09-30-7,138,000USD274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2021-07-01 to 2021-09-304,856,000USD92
2021-01-01 to 2021-09-3014,388,000USD273
2020-07-01 to 2020-09-305,778,000USD92
2020-01-01 to 2020-09-3020,140,000USD274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-30540,000USD273
2020-01-01 to 2020-09-30-914,000USD274

Inspect the source

Entity
COVENANT LOGISTICS GROUP, INC. / CIK 0000928658
Captured
2026-09-20T05:09:02.048Z
SEC response SHA-256
84affc54fb99c9701ecc4fdefd633e367ad46ac523be3e15a73e3fca40e09366

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000928658.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))