Company: PAMT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033356
Chunk: 43

Company: PAMT CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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Item 1. Financial Statements.

      PAMT CORP AND SUBSIDIARIES Condensed Consolidated Balance Sheets (unaudited) (in thousands, except share and per share data) 

      September 30,    December 31,  
   2025    2024  
 ASSETS         
 Current assets:         
 Cash and cash equivalents  $68,760  $68,060 
 Accounts receivable-net:         
 Trade, less current estimated credit loss of $8,253 and $6,636, respectively   76,257   79,967 
 Other   5,492   4,854 
 Inventories   2,272   2,433 
 Prepaid expenses and deposits   8,033   11,555 
 Marketable equity securities   46,802   42,620 
 Income taxes refundable   2,526   2,281 
 Total current assets   210,142   211,770 
         
 Property and equipment:         
 Land   29,324   30,426 
 Structures and improvements   55,723   53,620 
 Revenue equipment   681,668   733,181 
 Office furniture and equipment   17,201   19,263 
 Total property and equipment   783,916   836,490 
 Accumulated depreciation   (282,625)  (309,272)
 Net property and equipment   501,291   527,218 
         
 Other assets   3,814   2,666 
         
 TOTAL ASSETS  $715,247  $741,654 
         
 LIABILITIES AND STOCKHOLDERS’ EQUITY          
 Current liabilities:         
 Accounts payable  $33,058  $31,198 
 Accrued expenses and other liabilities   15,721   14,569 
 Current maturities of long-term debt   68,831   73,017 
 Total current liabilities   117,610   118,784 
         
 Long-term debt - less current portion   273,596   252,565 
 Deferred income taxes   84,030   92,547 
 Other long-term liabilities   499   250 
 Total liabilities   475,735   464,146 
         
 COMMITMENTS AND