10-Q Filing

KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. CIK: 1492691 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001492691-20-000071`
Period End Date	20200930
Filing Date	20201104
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	knx-20200930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 102 Income Statement 116 Cash Flow Statement 90 Stockholders Equity 53

Balance Sheet 102 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$82.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$240.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$94.00M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$46.89M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$41.33M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$36.69M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$40.83M	USD	Point-in-time
Restricted investments, held-to-maturity, amortized cost	`HeldToMaturitySecurities`	$9.05M	USD	Point-in-time
Restricted investments, held-to-maturity, amortized cost	`HeldToMaturitySecurities`	$8.91M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $20,846 and $18,178, respectively	`AccountsReceivableNetCurrent`	$559.66M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $20,846 and $18,178, respectively	`AccountsReceivableNetCurrent`	$518.55M	USD	Point-in-time
Parenthetical - allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.18M	USD	Point-in-time
Parenthetical - allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$20.85M	USD	Point-in-time
Contract balance revenue in transit	`ContractWithCustomerAssetNet`	$20.23M	USD	Point-in-time
Contract balance revenue in transit	`ContractWithCustomerAssetNet`	$12.70M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$62.16M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$61.69M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$41.79M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$38.10M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$17.03M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$8.36M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.54M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$890.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$998.55M	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$3.74B	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$4.11B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$892.02M	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.14B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.85B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.97B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$169.43M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$119.35M	USD	Point-in-time
Goodwill	`Goodwill`	$2.92B	USD	Point-in-time
Goodwill	`Goodwill`	$2.92B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.40B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.38B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$89.21M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$73.11M	USD	Point-in-time
Total assets	`Assets`	$8.28B	USD	Point-in-time
Total assets	`Assets`	$8.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$99.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.23M	USD	Point-in-time
Accrued payroll and purchased transportation	`AccruedPayrollandPurchasedTransportation`	$110.06M	USD	Point-in-time
Accrued payroll and purchased transportation	`AccruedPayrollandPurchasedTransportation`	$154.03M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$175.22M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$112.19M	USD	Point-in-time
Claims accruals current portion	`AccruedInsuranceCurrent`	$174.14M	USD	Point-in-time
Claims accruals current portion	`AccruedInsuranceCurrent`	$150.81M	USD	Point-in-time
Finance lease liabilities and long-term debt current portion	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$422.65M	USD	Point-in-time
Finance lease liabilities and long-term debt current portion	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$377.65M	USD	Point-in-time
Operating lease liabilities current portion	`OperatingLeaseLiabilityCurrent`	$57.09M	USD	Point-in-time
Operating lease liabilities current portion	`OperatingLeaseLiabilityCurrent`	$80.10M	USD	Point-in-time
Accounts receivable securitization current portion	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCurrentPortion`	$201.88M	USD	Point-in-time
Accounts receivable securitization current portion	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCurrentPortion`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$993.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$279.00M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$170.00M	USD	Point-in-time
Finance lease liabilities less current portion	`FinanceLeaseLiabilityNoncurrent`	$57.38M	USD	Point-in-time
Finance lease liabilities less current portion	`FinanceLeaseLiabilityNoncurrent`	$87.25M	USD	Point-in-time
Operating lease liabilities less current portion	`OperatingLeaseLiabilityNoncurrent`	$96.16M	USD	Point-in-time
Operating lease liabilities less current portion	`OperatingLeaseLiabilityNoncurrent`	$67.07M	USD	Point-in-time
Accounts receivable securitization less current portion	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount`	-	USD	Point-in-time
Accounts receivable securitization less current portion	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount`	$204.76M	USD	Point-in-time
Claims accruals less current portion	`AccruedInsuranceNoncurrent`	$196.91M	USD	Point-in-time
Claims accruals less current portion	`AccruedInsuranceNoncurrent`	$175.91M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$771.72M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$802.29M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.46M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$55.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.61B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.62B	USD	Point-in-time
Commitments and contingencies (Notes 4, 10, and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 4, 10, and 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Parenthetical - Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Parenthetical - Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Parenthetical - Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Parenthetical - Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Parenthetical - Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Parenthetical - Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value $0.01 per share; 500,000 shares authorized; 170,218 and 170,688 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively.	`CommonStockValueOutstanding`	$1.70M	USD	Point-in-time
Common stock, par value $0.01 per share; 500,000 shares authorized; 170,218 and 170,688 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively.	`CommonStockValueOutstanding`	$1.71M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.29B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.27B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.40B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.58B	USD	Point-in-time
Total Knight-Swift stockholders' equity	`StockholdersEquity`	$5.88B	USD	Point-in-time
Total Knight-Swift stockholders' equity	`StockholdersEquity`	$5.67B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.23M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.46B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.61B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.53B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.28B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$8.50B	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$3.40B	USD	3 Qtrs
Total revenue	`Revenues`	$1.21B	USD	1 Quarter
Total revenue	`Revenues`	$1.20B	USD	1 Quarter
Total revenue	`Revenues`	$3.65B	USD	3 Qtrs
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$376.92M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$1.10B	USD	3 Qtrs
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$375.49M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$1.12B	USD	3 Qtrs
Fuel	`FuelCosts`	$312.94M	USD	3 Qtrs
Fuel	`FuelCosts`	$104.70M	USD	1 Quarter
Fuel	`FuelCosts`	$438.45M	USD	3 Qtrs
Fuel	`FuelCosts`	$148.70M	USD	1 Quarter
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$247.31M	USD	3 Qtrs
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$69.96M	USD	1 Quarter
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$85.11M	USD	1 Quarter
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$204.44M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$145.72M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$45.19M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$144.77M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$46.79M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$64.33M	USD	3 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$20.97M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$21.48M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$64.53M	USD	3 Qtrs
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$4.91M	USD	1 Quarter
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$14.85M	USD	3 Qtrs
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$5.07M	USD	1 Quarter
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$14.96M	USD	3 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$115.66M	USD	1 Quarter
Depreciation and amortization of property and equipment	`Depreciation`	$310.76M	USD	3 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$340.49M	USD	3 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$106.88M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$34.42M	USD	3 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$11.47M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$10.76M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$32.14M	USD	3 Qtrs
Rental expense	`LeaseAndRentalExpense`	$97.15M	USD	3 Qtrs
Rental expense	`LeaseAndRentalExpense`	$19.70M	USD	1 Quarter
Rental expense	`LeaseAndRentalExpense`	$28.73M	USD	1 Quarter
Rental expense	`LeaseAndRentalExpense`	$67.45M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$245.10M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$670.49M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$781.96M	USD	3 Qtrs
Purchased transportation	`PurchasedTransportation`	$251.34M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$1.25M	USD	3 Qtrs
Impairments	`AssetImpairmentCharges`	$2.18M	USD	3 Qtrs
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$17.89M	USD	1 Quarter
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$73.48M	USD	3 Qtrs
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$29.69M	USD	1 Quarter
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$64.63M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$3.03B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.04B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.32B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.10B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$369.75M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$165.46M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$102.95M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$327.85M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.00M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$326.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.01M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.59M	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.36M	USD	3 Qtrs
Interest expense	`InterestExpense`	$3.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.79M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.29M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$12.57M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.33M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$9.48M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$7.48M	USD	1 Quarter
Total other income (expenses), net	`NonoperatingIncomeExpense`	$-3.45M	USD	1 Quarter
Total other income (expenses), net	`NonoperatingIncomeExpense`	$-2.29M	USD	3 Qtrs
Total other income (expenses), net	`NonoperatingIncomeExpense`	$-6.72M	USD	3 Qtrs
Total other income (expenses), net	`NonoperatingIncomeExpense`	$4.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$367.46M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$170.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$99.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$321.13M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$78.52M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$24.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$99.20M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$47.84M	USD	1 Quarter
Net income	`ProfitLoss`	$74.98M	USD	1 Quarter
Net income	`ProfitLoss`	$268.25M	USD	3 Qtrs
Net income	`ProfitLoss`	$122.20M	USD	1 Quarter
Net income	`ProfitLoss`	$242.60M	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$581.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$841.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$146.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$362.00K	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$74.62M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$267.67M	USD	3 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$241.76M	USD	3 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$122.06M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.57	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.41	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.57	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.40	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	3 Qtrs
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.06	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	171.84M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.26M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.21M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	170.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	171.03M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	171.29M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	172.52M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	171.03M	shares	3 Qtrs

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$74.98M	USD	1 Quarter
Net income	`ProfitLoss`	$268.25M	USD	3 Qtrs
Net income	`ProfitLoss`	$122.20M	USD	1 Quarter
Net income	`ProfitLoss`	$242.60M	USD	3 Qtrs
Depreciation and amortization of property, equipment, and intangibles	`DepreciationDepletionAndAmortization`	$374.91M	USD	3 Qtrs
Depreciation and amortization of property, equipment, and intangibles	`DepreciationDepletionAndAmortization`	$342.90M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.47M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$27.91M	USD	3 Qtrs
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$1.25M	USD	3 Qtrs
Impairments	`AssetImpairmentCharges`	$2.18M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-32.56M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-33.10M	USD	3 Qtrs
Non-cash lease expense	`AmortizationOfLeasedAsset`	$64.30M	USD	3 Qtrs
Non-cash lease expense	`AmortizationOfLeasedAsset`	$97.31M	USD	3 Qtrs
Other adjustments to reconcile net income to net cash provided by operating activities	`OtherNoncashIncomeExpense`	$-24.51M	USD	3 Qtrs
Other adjustments to reconcile net income to net cash provided by operating activities	`OtherNoncashIncomeExpense`	$3.56M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-93.87M	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$58.25M	USD	3 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$35.58M	USD	3 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-8.67M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.82M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.95M	USD	3 Qtrs
Accrued liabilities and claims accrual	`IncreaseDecreaseinAccruedLiabilitiesandOtherLiabilities`	$-10.74M	USD	3 Qtrs
Accrued liabilities and claims accrual	`IncreaseDecreaseinAccruedLiabilitiesandOtherLiabilities`	$-12.93M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-66.33M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-97.68M	USD	3 Qtrs
Other assets and liabilities	`OtherOperatingActivitiesCashFlowStatement`	$22.58M	USD	3 Qtrs
Other assets and liabilities	`OtherOperatingActivitiesCashFlowStatement`	$-16.26M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$655.02M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$612.41M	USD	3 Qtrs
Proceeds from maturities and sales of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$9.40M	USD	3 Qtrs
Proceeds from maturities and sales of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$18.70M	USD	3 Qtrs
Purchases of held-to-maturity investments	`PaymentsToAcquireRestrictedInvestments`	$11.41M	USD	3 Qtrs
Purchases of held-to-maturity investments	`PaymentsToAcquireRestrictedInvestments`	$12.64M	USD	3 Qtrs
Proceeds from sale of property and equipment, including assets held for sale	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$178.11M	USD	3 Qtrs
Proceeds from sale of property and equipment, including assets held for sale	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$102.55M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$635.96M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$378.69M	USD	3 Qtrs
Expenditures on assets held for sale	`PaymentsToAcquireOtherProductiveAssets`	$483.00K	USD	3 Qtrs
Expenditures on assets held for sale	`PaymentsToAcquireOtherProductiveAssets`	$14.52M	USD	3 Qtrs
Net cash and equivalents invested in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.89M	USD	3 Qtrs
Net cash and equivalents invested in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$46.81M	USD	3 Qtrs
Other cash flows from investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$8.92M	USD	3 Qtrs
Other cash flows from investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.46M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-335.60M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-468.42M	USD	3 Qtrs
Repayment of finance leases and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$88.96M	USD	3 Qtrs
Repayment of finance leases and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$61.32M	USD	3 Qtrs
(Repayments) borrowings on revolving line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$95.00M	USD	3 Qtrs
(Repayments) borrowings on revolving line of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-109.00M	USD	3 Qtrs
Borrowings under accounts receivable securitization	`ProceedsFromAccountsReceivableSecuritization`	$49.00M	USD	3 Qtrs
Borrowings under accounts receivable securitization	`ProceedsFromAccountsReceivableSecuritization`	$150.00M	USD	3 Qtrs
Repayment of accounts receivable securitization	`RepaymentsOfAccountsReceivableSecuritization`	$185.00M	USD	3 Qtrs
Repayment of accounts receivable securitization	`RepaymentsOfAccountsReceivableSecuritization`	$52.00M	USD	3 Qtrs
Proceeds from common stock issued	`ProceedsFromStockPlans`	$10.62M	USD	3 Qtrs
Proceeds from common stock issued	`ProceedsFromStockPlans`	$11.63M	USD	3 Qtrs
Repurchases of the Company's common stock	`PaymentsForRepurchaseOfCommonStock`	$34.63M	USD	3 Qtrs
Repurchases of the Company's common stock	`PaymentsForRepurchaseOfCommonStock`	$86.89M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$31.18M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$41.30M	USD	3 Qtrs
Other cash flows from financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.52M	USD	3 Qtrs
Other cash flows from financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.74M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-243.14M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-139.16M	USD	3 Qtrs
Net increase in cash, restricted cash, and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.84M	USD	3 Qtrs
Net increase in cash, restricted cash, and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$76.28M	USD	3 Qtrs
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.23M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.98M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.81M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.51M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.23M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$130.98M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$135.81M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$278.51M	USD	Point-in-time
Interest	`InterestPaidNet`	$21.82M	USD	3 Qtrs
Interest	`InterestPaidNet`	$12.92M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$77.39M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$35.23M	USD	3 Qtrs
Equipment acquired included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$47.35M	USD	3 Qtrs
Equipment acquired included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$45.43M	USD	3 Qtrs
Equipment sales receivables	`Knx_EquipmentSalesReceivables`	-	USD	3 Qtrs
Equipment sales receivables	`Knx_EquipmentSalesReceivables`	$21.57M	USD	3 Qtrs
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	3 Qtrs
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$18.25M	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$9.29M	USD	3 Qtrs
Right-of-use assets obtained in exchange for new operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.87M	USD	3 Qtrs
Property and equipment obtained in exchange for finance lease liabilities reclassified from operating lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	-	USD	3 Qtrs
Property and equipment obtained in exchange for finance lease liabilities reclassified from operating lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$68.59M	USD	3 Qtrs

Stockholders Equity 53 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.46B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.61B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.53B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.67B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.67M	USD	1 Quarter
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.48M	USD	3 Qtrs
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.37M	USD	3 Qtrs
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.17M	USD	1 Quarter
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$515.00K	USD	3 Qtrs
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$531.00K	USD	3 Qtrs
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.72M	USD	3 Qtrs
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$588.00K	USD	1 Quarter
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.64M	USD	3 Qtrs
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$574.00K	USD	1 Quarter
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	2.87M	shares	3 Qtrs
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	1.14M	shares	3 Qtrs
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	1 Quarter
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$86.89M	USD	3 Qtrs
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$34.63M	USD	3 Qtrs
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	1 Quarter
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.30M	USD	3 Qtrs
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.51M	USD	3 Qtrs
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$8.00K	USD	1 Quarter
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$10.05M	USD	3 Qtrs
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.47M	USD	1 Quarter
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.84M	USD	3 Qtrs
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.49M	USD	1 Quarter
Cash dividends paid and dividends accrued ($0.08 per share)	`Dividends`	$10.31M	USD	1 Quarter
Cash dividends paid and dividends accrued ($0.08 per share)	`Dividends`	$41.20M	USD	3 Qtrs
Cash dividends paid and dividends accrued ($0.08 per share)	`Dividends`	$31.07M	USD	3 Qtrs
Cash dividends paid and dividends accrued ($0.08 per share)	`Dividends`	$13.70M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$74.62M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$267.67M	USD	3 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$241.76M	USD	3 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$122.06M	USD	1 Quarter
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$436.00K	USD	3 Qtrs
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$441.00K	USD	3 Qtrs
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$140.00K	USD	1 Quarter
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$47.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$581.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$841.00K	USD	3 Qtrs
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$146.00K	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$362.00K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.46B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.61B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.53B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.67B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.77B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.88B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.