Company: PAMT
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001437749-25-015763
Chunk: 4

Company: PAMT CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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PAMT CORP AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(unaudited)

(in thousands, except share and per share data)

      March 31,    December 31,  
   2025    2024  
 ASSETS         
 Current assets:         
 Cash and cash equivalents  $57,072  $68,060 
 Accounts receivable-net:         
 Trade, less current estimated credit loss of $7,000 and $6,636, respectively   82,749   79,967 
 Other   6,281   4,854 
 Inventories   2,329   2,433 
 Prepaid expenses and deposits   10,456   11,555 
 Marketable equity securities   45,584   42,620 
 Income taxes refundable   -   2,281 
 Total current assets   204,471   211,770 
         
 Property and equipment:         
 Land   30,451   30,426 
 Structures and improvements   56,423   53,620 
 Revenue equipment   697,551   733,181 
 Office furniture and equipment   15,958   19,263 
 Total property and equipment   800,383   836,490 
 Accumulated depreciation   (294,879)  (309,272)
 Net property and equipment   505,504   527,218 
         
 Other assets   2,666   2,666 
         
 TOTAL ASSETS  $712,641  $741,654 
         
 LIABILITIES AND STOCKHOLDERS’ EQUITY          
 Current liabilities:         
 Accounts payable  $31,081  $31,198 
 Accrued expenses and other liabilities   15,067   14,569 
 Income tax payable   6,417   - 
 Current maturities of long-term debt   74,049   73,017 
 Total current liabilities   126,614   118,784 
         
 Long-term debt - less current portion   235,189   252,565 
 Deferred income taxes   81,243   92,547 
 Other long-term liabilities   -   250 
 Total liabilities   443,046   464,146 
 COMMITMENTS AND CONT