Company: PAMT
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007273
Chunk: 233

Company: PAMT CORP
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 233
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 consolidated financial statements.

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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   18,128 
 Loss (gain) on disposition of equipment   766   (1,043)  (3,250)
             
 Total operating expenses and costs   751,411   780,497   823,094 
             
 OPERATING (LOSS) INCOME   (36,765)  30,310   123,768 
             
 NON-OPERATING INCOME   8,459   7,446   3,168 
 INTEREST EXPENSE   (13,240)  (9,177)  (7,929)
             
 (LOSS) INCOME BEFORE INCOME TAXES   (41,546)  28,579   119,007 
             
 FEDERAL & STATE INCOME TAX (BENEFIT) EXPENSE:             
 Current   2,034   7,277   13,794 
 Deferred   (11,785)