Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 297

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 297
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2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.
 
/S/ GRANT THORNTON LLP
 
We have served as the Company’s auditor since 2005.
 
Tulsa, Oklahoma
March 12, 2025

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PAMT CORP AND SUBSIDIARIES

 CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023

(in thousands, except share and per share data)

        2024    2023  
ASSETS      
         
 CURRENT ASSETS:         
 Cash and cash equivalents  $68,060  $100,614 
 Accounts receivable—net:         
 Trade, less current estimated credit loss of $6,636 and $7,717, respectively   79,967   80,604 
 Other   4,854   7,203 
 Inventories   2,433   2,321 
 Prepaid expenses and deposits   11,555   13,213 
 Marketable equity securities   42,620   43,203 
 Income taxes refundable   2,281   3,883 
         
 Total current assets   211,770   251,041 
         
 PROPERTY AND EQUIPMENT:         
 Land   30,426   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