Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 427

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 427
---
,426   23,078 
 Structures and improvements   53,620   43,552 
 Revenue equipment   733,181   689,173 
 Office furniture and equipment   19,263   15,328 
         
 Total property and equipment   836,490   771,131 
         
 Accumulated depreciation   (309,272)  (266,412)
         
 Net property and equipment   527,218   504,719 
         
 OTHER ASSETS   2,666   4,697 
         
 TOTAL ASSETS  $741,654  $760,457 

(Continued)

See notes to consolidated financial statements.

    - 33 -

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(in thousands, except share and per share data)

        2024    2023  
LIABILITIES AND STOCKHOLDERS' EQUITY         
         
 CURRENT LIABILITIES:         
 Accounts payable  $31,198  $62,652 
 Accrued expenses and other liabilities   14,569   16,799 
 Current maturities of long-term debt   73,017   57,645 
         
 Total current liabilities   118,784   137,096 
         
 Long-term debt—less current portion   252,565   204,064 
 Deferred income taxes   92,547   104,331 
 Other long-term liabilities   250   750 
         
 Total liabilities   464,146   446,241 
         
 COMMITMENTS AND CONTINGENCIES (Note 16)           
         
 STOCKHOLDERS’ EQUITY         
 Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued   -   - 
         
 Common stock, $.01 par value, 100,000,000 and 50,000,000 shares authorized; 22,364,120 and 22,317,671 shares issued; 21,782,534 and 22,021,341 shares outstanding at December 31, 2024 and 2023, respectively   224   223 
 Additional paid-in capital   41,171   40,825 
 Accumulated Other Comprehensive Income   -   -