Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 164

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 164
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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   -   - 
 Treasury stock, at cost; 581,586 and 296,330 shares at December 31, 2024 and 2023, respectively   (13,996)  (8,736)
 Retained earnings   250,109   281,904 
         
 Total stockholders’ equity   277,508   314,216 
         
 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $741,654  $760,457 

(Concluded)

See notes to consolidated financial statements.

    - 34 -

PAMT CORP AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022

(in thousands, except per share data)

      2024    2023    2022  
 OPERATING REVENUES:             
 Revenue, before fuel surcharge  $629,015  $706,114  $818,751 
 Fuel surcharge   85,631   104,693   128,111 
             
 Total operating revenues   714,646   810,807   946,862 
             
 OPERATING EXPENSES AND COSTS:             
 Salaries, wages and benefits   174,491   186,223   181,918 
 Operating supplies and expenses   136,975   160,527   166,005 
 Rents and purchased transportation   289,393   315,647   364,971 
 Depreciation   99,264   64,605   62,806 
 Impairment Loss   6,406   -   - 
 Insurance and claims   19,778   30,769   32,516 
 Other   24,338   23,769   18