$SNDR

Schneider National, Inc.

CIK:0001692063|SEC Filings

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statement of Comprehensive Income [Abstract]
Operating revenues	$ 1,568.7	$ 1,420.5	$ 2,967.2	$ 2,822.3
Operating expenses:
Purchased transportation	567.0	492.1	1,044.6	977.5
Salaries, wages, and benefits	402.4	399.3	797.7	799.3
Fuel and fuel taxes	159.6	104.0	283.7	215.3
Depreciation and amortization	109.5	112.3	220.4	225.9
Operating supplies and expenses—net	185.8	180.5	373.6	355.6
Insurance and related expenses	40.5	42.5	80.5	83.7
Other general expenses	32.5	34.8	61.9	67.9
Total operating expenses	1,497.3	1,365.5	2,862.4	2,725.2
Income from operations	71.4	55.0	104.8	97.1
Other expenses (income):
Interest income	(2.0)	(1.5)	(3.5)	(3.1)
Interest expense, nonoperating	6.9	8.6	13.9	16.4
Other expenses—net	0.9	0.5	1.6	1.6
Total other expenses—net	5.8	7.6	12.0	14.9
Income before income taxes	65.6	47.4	92.8	82.2
Provision for income taxes	15.9	11.4	22.7	20.1
Net income	49.7	36.0	70.1	62.1
Other comprehensive income (loss):
Foreign currency translation adjustment—net	0.1	0.4	0.0	0.4
Net unrealized gains (losses) on marketable securities—net of tax	0.0	0.3	(0.1)	0.8
Total other comprehensive income (loss)—net	0.1	0.7	(0.1)	1.2
Comprehensive income	$ 49.8	$ 36.7	$ 70.0	$ 63.3
Weighted average common shares outstanding	175.2	175.2	175.2	175.3
Basic earnings per share	$ 0.28	$ 0.21	$ 0.40	$ 0.35
Weighted average diluted shares outstanding	176.0	175.7	175.9	175.8
Diluted earnings per share	$ 0.28	$ 0.20	$ 0.40	$ 0.35

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Net cash provided by operating activities
Net income	$ 70.1	$ 62.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	220.4	225.9
Gains on sales of property and equipment—net	(5.8)	(5.6)
Proceeds from lease receipts	29.8	31.0
Deferred income taxes	3.9	(14.8)
Long-term incentive and share-based compensation expense	8.6	9.2
Loss on investments in equity securities—net	0.0	0.5
Other noncash items—net	1.4	0.0
Changes in operating assets and liabilities:
Receivables	(113.9)	7.9
Other assets	(34.4)	(23.8)
Claims reserves and receivables—net	(1.1)	(16.0)
Payables	40.4	(22.5)
Other liabilities	44.9	13.3
Net cash provided by operating activities	264.3	267.2
Investing Activities:
Purchases of transportation equipment	(153.7)	(183.5)
Purchases of other property and equipment	(36.8)	(14.9)
Proceeds from sale of property and equipment	62.2	48.8
Proceeds from sale of off-lease inventory	11.1	10.0
Purchases of lease equipment	(11.6)	(31.6)
Proceeds from marketable securities	7.4	4.4
Investments in equity securities and equity method investment	(0.6)	(0.2)
Investments in notes receivable	0.0	(13.0)
Net cash used in investing activities	(122.0)	(180.0)
Financing Activities:
Proceeds from lines of credit	0.0	50.0
Repayments of lines of credit	0.0	(50.0)
Proceeds from issuance of long-term debt	0.0	100.0
Payments of debt and finance lease obligations	(6.4)	(97.0)
Dividends paid	(34.6)	(33.7)
Repurchases of common stock	(5.2)	(8.3)
Other financing activities	(4.9)	(5.1)
Net cash used in financing activities	(51.1)	(44.1)
Net increase in cash and cash equivalents	91.2	43.1
Cash and Cash Equivalents:
Cash and cash equivalents, beginning balance	201.5	117.6
Cash and cash equivalents, ending balance	292.7	160.7
Noncash investing and financing activity:
Transportation and lease equipment purchases in accounts payable	19.1	46.4
Dividends declared but not yet paid	18.3	17.4
Cash paid during the period for:
Interest	10.1	18.0
Income taxes—net of refunds	$ 3.8	$ 3.4

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 292.7	$ 201.5
Marketable securities	34.4	41.8
Trade accounts receivable—net of allowance of $5.2 million and $6.0 million, respectively	693.7	578.3
Other receivables	113.9	71.1
Current portion of lease receivables—net of allowance of $0.8 million	85.2	80.7
Inventories—net	62.8	99.8
Prepaid expenses and other current assets	133.7	108.0
Total current assets	1,416.4	1,181.2
Property and equipment:
Transportation equipment	4,159.8	4,168.5
Land, buildings, and improvements	297.2	271.5
Other property and equipment	117.1	119.3
Total property and equipment	4,574.1	4,559.3
Less accumulated depreciation	1,912.0	1,839.7
Net property and equipment	2,662.1	2,719.6
Lease receivables	147.8	131.9
Internal-use software and other noncurrent assets	432.4	470.0
Goodwill	337.4	337.4
Total noncurrent assets	3,579.7	3,658.9
Total Assets	4,996.1	4,840.1
Current Liabilities:
Trade accounts payable	267.9	208.6
Accrued salaries, wages, and benefits	101.7	78.0
Claims accruals—current	189.0	150.6
Current maturities of debt and finance lease obligations	10.5	11.1
Other current liabilities	127.5	107.5
Total current liabilities	696.6	555.8
Noncurrent Liabilities:
Long-term debt and finance lease obligations	385.6	390.9
Claims accruals—noncurrent	129.3	170.2
Deferred income taxes	597.7	593.8
Other noncurrent liabilities	127.5	104.7
Total noncurrent liabilities	1,240.1	1,259.6
Total Liabilities	1,936.7	1,815.4
Shareholders’ Equity:
Additional paid-in capital	1,624.7	1,619.4
Retained earnings	1,552.9	1,518.2
Accumulated other comprehensive loss	(2.0)	(1.9)
Treasury stock, value	(116.2)	(111.0)
Total Shareholders' Equity	3,059.4	3,024.7
Total Liabilities and Shareholders’ Equity	4,996.1	4,840.1
Preferred Stock
Shareholders’ Equity:
Preferred stock	0.0	0.0
Class A Common Shares
Shareholders’ Equity:
Common stock	0.0	0.0
Class B Common Stock
Shareholders’ Equity:
Common stock	$ 0.0	$ 0.0