Company: PAMT
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025711
Chunk: 47

Company: PAMT CORP
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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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) 

      June 30,    December 31,  
   2025    2024  
 ASSETS         
 Current assets:         
 Cash and cash equivalents  $68,915  $68,060 
 Accounts receivable-net:         
 Trade, less current estimated credit loss of $7,013 and $6,636, respectively   75,683   79,967 
 Other   5,136   4,854 
 Inventories   2,382   2,433 
 Prepaid expenses and deposits   8,523   11,555 
 Marketable equity securities   48,384   42,620 
 Income taxes refundable   -   2,281 
 Total current assets   209,023   211,770 
         
 Property and equipment:         
 Land   30,337   30,426 
 Structures and improvements   56,858   53,620 
 Revenue equipment   672,646   733,181 
 Office furniture and equipment   16,199   19,263 
 Total property and equipment   776,040   836,490 
 Accumulated depreciation   (281,194)  (309,272)
 Net property and equipment   494,846   527,218 
         
 Other assets   3,998   2,666 
         
 TOTAL ASSETS  $707,867  $741,654 
         
 LIABILITIES AND STOCKHOLDERS’ EQUITY          
 Current liabilities:         
 Accounts payable  $30,964  $31,198 
 Accrued expenses and other liabilities   16,614   14,569 
 Income tax payable   1,774   - 
 Current maturities of long-term debt   68,827   73,017 
 Total current liabilities   118,179   118,784 
         
 Long-term debt - less current portion   262,406   252,565 
 Deferred income taxes   81,790   92,547 
 Other long-term liabilities   578   250 
 Total liabilities   462,953