| | | | | | | | | | | | | | | | |
| | Swift Transportation Company | | | Central Refrigerated Transportation, Inc. (b) | | | Intercompany Elimination Entries | | | Total (recast) | |
| | (In thousands) | |
ASSETS | | | | |
Current assets: | | | | | | | | | | | | | | | | |
Cash and cash equivalents | | $ | 53,596 | | | $ | — | | | $ | — | | | $ | 53,596 | |
Restricted cash | | | 51,678 | | | | — | | | | — | | | | 51,678 | |
Restricted fixed maturity securities, held to maturity, amortized cost | | | 22,275 | | | | — | | | | — | | | | 22,275 | |
Accounts receivable, net | | | 338,724 | | | | 54,703 | | | | (657 | ) | | | 392,770 | |
Equipment sales receivable | | | 563 | | | | — | | | | — | | | | 563 | |
Income tax refund receivable | | | 10,046 | | | | — | | | | — | | | | 10,046 | |
Inventories and supplies | | | 15,678 | | | | 1,846 | | | | — | | | | 17,524 | |
Assets held for sale | | | 31,544 | | | | — | | | | — | | | | 31,544 | |
Prepaid taxes, licenses, insurance and other | | | 47,241 | | | | 11,662 | | | | — | | | | 58,903 | |
Deferred income taxes | | | 98,235 | | | | — | | | | — | | | | 98,235 | |
Current portion of notes receivable | | | 4,957 | | | | — | | | | — | | | | 4,957 | |
| | | | | | | | | | | | | | | | |
Total current assets | | | 674,537 | | | | 68,211 | | | | (657 | ) | | | 742,091 | |
| | | | | | | | | | | | | | | | |
Property and equipment, at cost: | | | | | | | | | | | | | | | | |
Revenue and service equipment | | | 1,740,456 | | | | 123,178 | | | | — | | | | 1,863,634 | |
Land | | | 112,587 | | | | 7,855 | | | | — | | | | 120,442 | |
Facilities and improvements | | | 234,996 | | | | 15,820 | | | | — | | | | 250,816 | |
Furniture and office equipment | | | 43,578 | | | | 7,762 | | | | — | | | | 51,340 | |
| | | | | | | | | | | | | | | | |
Total property and equipment | | | 2,131,617 | | | | 154,615 | | | | — | | | | 2,286,232 | |
Less: accumulated depreciation and amortization | | | 819,803 | | | | 68,893 | | | | — | | | | 888,696 | |
| | | | | | | | | | | | | | | | |
Net property and equipment | | | 1,311,814 | | | | 85,722 | | | | — | | | | 1,397,536 | |
| | | | | | | | | | | | | | | | |
Other assets | | | 59,010 | | | | 6,627 | | | | (100 | ) | | | 65,537 | |
Intangible assets, net | | | 333,561 | | | | — | | | | — | | | | 333,561 | |
Goodwill | | | 253,256 | | | | — | | | | — | | | | 253,256 | |
| | | | | | | | | | | | | | | | |
Total assets | | $ | 2,632,178 | | | $ | 160,560 | | | $ | (757 | ) | | $ | 2,791,981 | |
| | | | | | | | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | |
Accounts payable | | $ | 103,070 | | | $ | 10,331 | | | $ | (27 | ) | | | 113,374 | |
Accrued liabilities | | | 96,439 | | | | 11,963 | | | | (630 | ) | | | 107,772 | |
Current portion of claims accruals | | | 74,070 | | | | 12,517 | | | | — | | | | 86,587 | |
Current portion of long-term debt and obligations under capital leases, less current portion | | | 47,495 | | | | 26,002 | | | | — | | | | 73,497 | |
Fair value of guarantees | | | 366 | | | | — | | | | — | | | | 366 | |
Current portion of interest rate swaps | | | 1,853 | | | | — | | | | — | | | | 1,853 | |
| | | | | | | | | | | | | | | | |
Total current liabilities | | | 323,293 | | | | 60,813 | | | | (657 | ) | | | 383,449 | |
| | | | | | | | | | | | | | | | |
Revolving line of credit—noncurrent | | | — | | | | 2,531 | | | | — | | | | 2,531 | |
Long-term debt and obligations under capital leases, less current portion | | | 1,323,539 | | | | 33,562 | | | | — | | | | 1,357,101 | |
Claims accrual, less current portion | | | 98,919 | | | | — | | | | — | | | | 98,919 | |
Fair value of interest rate swaps, less current portion | | | 11,159 | | | | 338 | | | | — | | | | 11,497 | |
Deferred income taxes | | | 441,157 | | | | 224 | | | | — | | | | 441,381 | |
Securitization of accounts receivable | | | 204,000 | | | | — | | | | — | | | | 204,000 | |
Other liabilities | | | — | | | | 2,899 | | | | — | | | | 2,899 | |
| | | | | | | | | | | | | | | | |
Total liabilities | | | 2,402,067 | | | | 100,367 | | | | (657 | ) | | | 2,501,777 | |
| | | | | | | | | | | | | | | | |
Stockholders’ equity: | | | | | | | | | | | | | | | | |
Common stock and additional paid in capital | | | 897,971 | | | | 24,252 | | | | — | | | | 922,223 | |
(Accumulated deficit) retained earnings | | | (660,168 | ) | | | 58,391 | | | | — | | | | (601,777 | ) |
Stockholder loan receivable | | | — | | | | (22,142 | ) | | | — | | | | (22,142 | ) |
Accumulated other comprehensive loss | | | (7,894 | ) | | | (308 | ) | | | — | | | | (8,202 | ) |
Noncontrolling interest | | | 202 | | | | — | | | | (100 | ) | | | 102 | |
| | | | | | | | | | | | | | | | |
Total stockholders’ equity | | | 230,111 | | | | 60,193 | | | | (100 | ) | | | 290,204 | |
| | | | | | | | | | | | | | | | |
Total liabilities and stockholders’ equity | | $ | 2,632,178 | | | $ | 160,560 | | | $ | (757 | ) | | $ | 2,791,981 | |
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