10-Q Filing

KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC. CIK: 1492691 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001492691-22-000051`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	knx-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 110 Income Statement 124 Cash Flow Statement 96 Stockholders Equity 64

Balance Sheet 110 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$261.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$179.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$198.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$156.70M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$87.24M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$51.64M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$111.45M	USD	Point-in-time
Cash and cash equivalents restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$39.33M	USD	Point-in-time
Restricted investments, held-to-maturity, amortized cost	`HeldToMaturitySecurities`	$5.87M	USD	Point-in-time
Restricted investments, held-to-maturity, amortized cost	`HeldToMaturitySecurities`	$7.86M	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $22,124 and $21,663, respectively	`AccountsReceivableNetCurrent`	$1.01B	USD	Point-in-time
Trade receivables, net of allowance for doubtful accounts of $22,124 and $21,663, respectively	`AccountsReceivableNetCurrent`	$911.34M	USD	Point-in-time
Contract balance revenue in transit	`ContractWithCustomerAssetNet`	$22.94M	USD	Point-in-time
Contract balance revenue in transit	`ContractWithCustomerAssetNet`	$20.42M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$90.51M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$79.41M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$8.17M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$11.20M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.88M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$909.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.42M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.41B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.47B	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$5.12B	USD	Point-in-time
Gross property and equipment	`PropertyPlantAndEquipmentGross`	$5.37B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.56B	USD	Point-in-time
Less: accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.77B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.56B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.60B	USD	Point-in-time
Operating lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$147.54M	USD	Point-in-time
Operating lease right-of-use-assets	`OperatingLeaseRightOfUseAsset`	$165.64M	USD	Point-in-time
Goodwill	`Goodwill`	$3.52B	USD	Point-in-time
Goodwill	`Goodwill`	$3.52B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.80B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.83B	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$192.13M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$157.37M	USD	Point-in-time
Total assets	`Assets`	$10.66B	USD	Point-in-time
Total assets	`Assets`	$10.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$224.84M	USD	Point-in-time
Accrued payroll and purchased transportation	`AccruedPayrollandPurchasedTransportation`	$245.68M	USD	Point-in-time
Accrued payroll and purchased transportation	`AccruedPayrollandPurchasedTransportation`	$217.08M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$128.54M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$124.07M	USD	Point-in-time
Claims accruals current portion	`AccruedInsuranceCurrent`	$206.61M	USD	Point-in-time
Claims accruals current portion	`AccruedInsuranceCurrent`	$240.02M	USD	Point-in-time
Finance lease liabilities and long-term debt current portion	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$235.78M	USD	Point-in-time
Finance lease liabilities and long-term debt current portion	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$262.42M	USD	Point-in-time
Operating lease liabilities current portion	`OperatingLeaseLiabilityCurrent`	$35.32M	USD	Point-in-time
Operating lease liabilities current portion	`OperatingLeaseLiabilityCurrent`	$37.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.07B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10B	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$260.00M	USD	Point-in-time
Revolving line of credit	`LongTermLineOfCredit`	$129.00M	USD	Point-in-time
Long-term debt less current portion	`UnsecuredLongTermDebt`	$1.04B	USD	Point-in-time
Long-term debt less current portion	`UnsecuredLongTermDebt`	$1.03B	USD	Point-in-time
Finance lease liabilities less current portion	`FinanceLeaseLiabilityNoncurrent`	$327.32M	USD	Point-in-time
Finance lease liabilities less current portion	`FinanceLeaseLiabilityNoncurrent`	$256.17M	USD	Point-in-time
Operating lease liabilities less current portion	`OperatingLeaseLiabilityNoncurrent`	$123.27M	USD	Point-in-time
Operating lease liabilities less current portion	`OperatingLeaseLiabilityNoncurrent`	$107.61M	USD	Point-in-time
Accounts receivable securitization	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount`	$278.59M	USD	Point-in-time
Accounts receivable securitization	`TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount`	$278.48M	USD	Point-in-time
Claims accruals less current portion	`AccruedInsuranceNoncurrent`	$206.42M	USD	Point-in-time
Claims accruals less current portion	`AccruedInsuranceNoncurrent`	$210.71M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$874.60M	USD	Point-in-time
Deferred tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$874.88M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.99M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$11.83M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.11B	USD	Point-in-time
Commitments and contingencies (Notes 3, 7, 8, and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Notes 3, 7, 8, and 9)	`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; 160,639 and 165,980 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively.	`CommonStockValueOutstanding`	$1.61M	USD	Point-in-time
Common stock, par value $0.01 per share; 500,000 shares authorized; 160,639 and 165,980 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively.	`CommonStockValueOutstanding`	$1.66M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	165.98M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	160.64M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	160.64M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	165.98M	shares	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-563.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.35B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.37B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.25B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.18B	USD	Point-in-time
Total Knight-Swift stockholders' equity	`StockholdersEquity`	$6.53B	USD	Point-in-time
Total Knight-Swift stockholders' equity	`StockholdersEquity`	$6.62B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.20M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$10.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.63B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.95B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.10B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$10.66B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$10.71B	USD	Point-in-time

Income Statement 124 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$1.32B	USD	1 Quarter
Total revenue	`Revenues`	$2.54B	USD	2 Qtrs
Total revenue	`Revenues`	$3.79B	USD	2 Qtrs
Total revenue	`Revenues`	$1.96B	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$549.96M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$377.61M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$747.98M	USD	2 Qtrs
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$1.09B	USD	2 Qtrs
Fuel	`FuelCosts`	$244.29M	USD	2 Qtrs
Fuel	`FuelCosts`	$126.06M	USD	1 Quarter
Fuel	`FuelCosts`	$447.63M	USD	2 Qtrs
Fuel	`FuelCosts`	$257.15M	USD	1 Quarter
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$139.38M	USD	2 Qtrs
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$202.61M	USD	2 Qtrs
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$71.31M	USD	1 Quarter
Operations and maintenance	`DirectOperatingMaintenanceSuppliesCosts`	$106.72M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$114.42M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$58.78M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$200.28M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$102.08M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$43.77M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$59.24M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$30.20M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$21.72M	USD	1 Quarter
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$4.63M	USD	1 Quarter
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$9.67M	USD	2 Qtrs
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$5.74M	USD	1 Quarter
Communications	`CommunicationsInformationTechnologyAndOccupancy`	$11.61M	USD	2 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$147.48M	USD	1 Quarter
Depreciation and amortization of property and equipment	`Depreciation`	$292.53M	USD	2 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$243.52M	USD	2 Qtrs
Depreciation and amortization of property and equipment	`Depreciation`	$123.61M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$16.21M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$11.98M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$23.73M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$32.38M	USD	2 Qtrs
Rental expense	`OperatingLeaseExpense`	$13.40M	USD	1 Quarter
Rental expense	`OperatingLeaseExpense`	$26.89M	USD	2 Qtrs
Rental expense	`OperatingLeaseExpense`	$30.26M	USD	2 Qtrs
Rental expense	`OperatingLeaseExpense`	$13.49M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$384.91M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$771.36M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$562.39M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$304.16M	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$810.00K	USD	2 Qtrs
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$11.33M	USD	1 Quarter
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$32.91M	USD	2 Qtrs
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$21.40M	USD	1 Quarter
Miscellaneous operating expenses	`OtherCostAndExpenseOperating`	$25.92M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.12B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.64B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.19B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$3.16B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$623.86M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$325.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$191.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$353.37M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$675.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.14M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$564.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$270.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.79M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.35M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.02M	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-39.98M	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$16.84M	USD	1 Quarter
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$32.95M	USD	2 Qtrs
Other (expenses) income, net	`OtherNonoperatingIncomeExpense`	$-25.58M	USD	1 Quarter
Total other (expenses) income, net	`NonoperatingIncomeExpense`	$13.80M	USD	1 Quarter
Total other (expenses) income, net	`NonoperatingIncomeExpense`	$-54.87M	USD	2 Qtrs
Total other (expenses) income, net	`NonoperatingIncomeExpense`	$-34.25M	USD	1 Quarter
Total other (expenses) income, net	`NonoperatingIncomeExpense`	$26.72M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$291.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.92M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$380.09M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$568.99M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$141.26M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$72.09M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$51.78M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$97.11M	USD	2 Qtrs
Net income	`ProfitLoss`	$153.13M	USD	1 Quarter
Net income	`ProfitLoss`	$282.98M	USD	2 Qtrs
Net income	`ProfitLoss`	$219.44M	USD	1 Quarter
Net income	`ProfitLoss`	$427.73M	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$384.00K	USD	2 Qtrs
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-50.00K	USD	1 Quarter
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-99.00K	USD	2 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$219.49M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$427.83M	USD	2 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$152.80M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$282.59M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.86M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.23M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$152.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$282.59M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$217.63M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$425.60M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.61	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.70	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.35	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.92	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.69	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.60	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.35	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	2 Qtrs
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	162.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	165.58M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	163.86M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	165.75M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	164.80M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	163.17M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.59M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.75M	shares	2 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$153.13M	USD	1 Quarter
Net income	`ProfitLoss`	$282.98M	USD	2 Qtrs
Net income	`ProfitLoss`	$219.44M	USD	1 Quarter
Net income	`ProfitLoss`	$427.73M	USD	2 Qtrs
Depreciation and amortization of property, equipment, and intangibles	`DepreciationDepletionAndAmortization`	$267.25M	USD	2 Qtrs
Depreciation and amortization of property, equipment, and intangibles	`DepreciationDepletionAndAmortization`	$324.91M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$57.81M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$25.59M	USD	2 Qtrs
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairments	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairments	`AssetImpairmentCharges`	$810.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$2.44M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$9.54M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$19.80M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$26.74M	USD	2 Qtrs
Loss (gain) on equity securities	`DebtAndEquitySecuritiesGainLoss`	$-50.94M	USD	2 Qtrs
Loss (gain) on equity securities	`DebtAndEquitySecuritiesGainLoss`	$8.86M	USD	2 Qtrs
Non-cash adjustment to fair value of convertible note	`IncreaseDecreaseInDebtSecuritiesTrading`	$12.63M	USD	2 Qtrs
Non-cash adjustment to fair value of convertible note	`IncreaseDecreaseInDebtSecuritiesTrading`	-	USD	2 Qtrs
Other adjustments to reconcile net income to net cash provided by operating activities	`OtherNoncashIncomeExpense`	$-25.60M	USD	2 Qtrs
Other adjustments to reconcile net income to net cash provided by operating activities	`OtherNoncashIncomeExpense`	$-18.20M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$70.07M	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$103.74M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$5.97M	USD	2 Qtrs
Income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$26.47M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$28.93M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.06M	USD	2 Qtrs
Accrued liabilities and claims accrual	`IncreaseDecreaseinAccruedLiabilitiesandOtherLiabilities`	$50.82M	USD	2 Qtrs
Accrued liabilities and claims accrual	`IncreaseDecreaseinAccruedLiabilitiesandOtherLiabilities`	$6.51M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-28.31M	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-19.77M	USD	2 Qtrs
Other assets and liabilities	`OtherOperatingActivitiesCashFlowStatement`	$7.05M	USD	2 Qtrs
Other assets and liabilities	`OtherOperatingActivitiesCashFlowStatement`	$10.34M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$719.98M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$459.50M	USD	2 Qtrs
Proceeds from maturities of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$2.85M	USD	2 Qtrs
Proceeds from maturities of held-to-maturity investments	`ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities`	$4.31M	USD	2 Qtrs
Purchases of held-to-maturity investments	`PaymentsToAcquireRestrictedInvestments`	$6.40M	USD	2 Qtrs
Purchases of held-to-maturity investments	`PaymentsToAcquireRestrictedInvestments`	$2.56M	USD	2 Qtrs
Proceeds from sale of property and equipment, including assets held for sale	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$127.07M	USD	2 Qtrs
Proceeds from sale of property and equipment, including assets held for sale	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$104.24M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$295.52M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireMachineryAndEquipment`	$247.55M	USD	2 Qtrs
Expenditures on assets held for sale	`PaymentsToAcquireOtherProductiveAssets`	$449.00K	USD	2 Qtrs
Expenditures on assets held for sale	`PaymentsToAcquireOtherProductiveAssets`	$765.00K	USD	2 Qtrs
Net cash, restricted cash, and equivalents invested in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.29M	USD	2 Qtrs
Net cash, restricted cash, and equivalents invested in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$63.30M	USD	2 Qtrs
Investment in convertible note	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$25.00M	USD	2 Qtrs
Investment in convertible note	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	2 Qtrs
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$9.19M	USD	2 Qtrs
Payments for (Proceeds from) Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-12.34M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-204.31M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-196.92M	USD	2 Qtrs
Repayment of finance leases and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$66.44M	USD	2 Qtrs
Repayment of finance leases and long-term debt	`RepaymentsOfDebtAndCapitalLeaseObligations`	$50.43M	USD	2 Qtrs
Repayments on revolving lines of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-155.00M	USD	2 Qtrs
Repayments on revolving lines of credit, net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-131.00M	USD	2 Qtrs
Borrowings under accounts receivable securitization	`ProceedsFromAccountsReceivableSecuritization`	-	USD	2 Qtrs
Borrowings under accounts receivable securitization	`ProceedsFromAccountsReceivableSecuritization`	$80.00M	USD	2 Qtrs
Repayment of accounts receivable securitization	`RepaymentsOfAccountsReceivableSecuritization`	$15.00M	USD	2 Qtrs
Repayment of accounts receivable securitization	`RepaymentsOfAccountsReceivableSecuritization`	-	USD	2 Qtrs
Proceeds from common stock issued	`ProceedsFromStockPlans`	$5.30M	USD	2 Qtrs
Proceeds from common stock issued	`ProceedsFromStockPlans`	$5.06M	USD	2 Qtrs
Repurchases of the Company's common stock	`PaymentsForRepurchaseOfCommonStock`	$53.66M	USD	2 Qtrs
Repurchases of the Company's common stock	`PaymentsForRepurchaseOfCommonStock`	$299.94M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$39.72M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$30.33M	USD	2 Qtrs
Other cash flows from financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-20.32M	USD	2 Qtrs
Other cash flows from financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.68M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-227.80M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-552.36M	USD	2 Qtrs
Net (decrease) increase in cash, restricted cash, and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$34.79M	USD	2 Qtrs
Net (decrease) increase in cash, restricted cash, and equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.68M	USD	2 Qtrs
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$313.34M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.02M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.07M	USD	Point-in-time
Cash, restricted cash, and equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$197.28M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$313.34M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.02M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.07M	USD	Point-in-time
Cash, restricted cash, and equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$197.28M	USD	Point-in-time
Interest	`InterestPaidNet`	$14.10M	USD	2 Qtrs
Interest	`InterestPaidNet`	$5.72M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$154.82M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	$133.28M	USD	2 Qtrs
Equipment acquired included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$8.06M	USD	2 Qtrs
Equipment acquired included in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.08M	USD	2 Qtrs
Purchase price adjustment on acquisition	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$2.16M	USD	2 Qtrs
Purchase price adjustment on acquisition	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	2 Qtrs
Contingent consideration associated with acquisitions and investments	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$1.72M	USD	2 Qtrs
Contingent consideration associated with acquisitions and investments	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$5.00M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetForfeitedObtainedInExchangeForOperatingLeaseLiability`	$37.90M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetForfeitedObtainedInExchangeForOperatingLeaseLiability`	$4.15M	USD	2 Qtrs
Property and equipment obtained in exchange for finance lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$101.90M	USD	2 Qtrs
Property and equipment obtained in exchange for finance lease liabilities	`RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability`	$55.37M	USD	2 Qtrs

Stockholders Equity 64 line items

Line Item	Tag	Value	Unit	Period
Parenthetical - allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.66M	USD	Point-in-time
Parenthetical - allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.12M	USD	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	160.64M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	165.98M	shares	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.63B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.95B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.10B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.87B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.39M	USD	1 Quarter
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.96M	USD	1 Quarter
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.40M	USD	2 Qtrs
Common stock issued to employees	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.38M	USD	2 Qtrs
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$575.00K	USD	2 Qtrs
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$873.00K	USD	2 Qtrs
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$873.00K	USD	1 Quarter
Common stock issued to the Board	`StockIssuedDuringPeriodValueNewIssues`	$575.00K	USD	1 Quarter
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.33M	USD	2 Qtrs
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.81M	USD	2 Qtrs
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$1.00M	USD	1 Quarter
Common stock issued under ESPP	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$631.00K	USD	1 Quarter
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	6.00M	shares	2 Qtrs
Company shares repurchased (Shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	3.28M	shares	1 Quarter
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$155.06M	USD	1 Quarter
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$299.94M	USD	2 Qtrs
Company shares repurchased	`StockRepurchasedAndRetiredDuringPeriodValue`	$53.66M	USD	2 Qtrs
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.71M	USD	1 Quarter
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.95M	USD	2 Qtrs
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.79M	USD	1 Quarter
Shares withheld RSU settlement	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$20.32M	USD	2 Qtrs
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.53M	USD	1 Quarter
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.19M	USD	1 Quarter
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.19M	USD	2 Qtrs
Employee stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$16.95M	USD	2 Qtrs
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	2 Qtrs
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Dividends declared per share: (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.18	USD	2 Qtrs
Cash dividends paid and dividends accrued	`Dividends`	$19.53M	USD	1 Quarter
Cash dividends paid and dividends accrued	`Dividends`	$39.44M	USD	2 Qtrs
Cash dividends paid and dividends accrued	`Dividends`	$16.72M	USD	1 Quarter
Cash dividends paid and dividends accrued	`Dividends`	$30.07M	USD	2 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$219.49M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$427.83M	USD	2 Qtrs
Net income attributable to Knight-Swift	`NetIncomeLoss`	$152.80M	USD	1 Quarter
Net income attributable to Knight-Swift	`NetIncomeLoss`	$282.59M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.23M	USD	2 Qtrs
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.86M	USD	1 Quarter
Investment in noncontrolling interest	`NoncontrollingInterestIncreaseFromBusinessCombination`	$10.28M	USD	2 Qtrs
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$65.00K	USD	2 Qtrs
Distribution to noncontrolling interest	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$33.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$384.00K	USD	2 Qtrs
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-50.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$331.00K	USD	1 Quarter
Net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-99.00K	USD	2 Qtrs
Ending balance, shares	`CommonStockSharesOutstanding`	160.64M	shares	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	165.98M	shares	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.63B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.95B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.10B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.87B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.54B	USD	Point-in-time

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