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Accumulated Depreciation & AmortizationAmortization - GoodwillCost of RevenueDepreciation & Amortization (IS)EBIATLeasesLong-Term Debt IssuancesOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetReceivables - OtherRent Expense
Ratios

Forward Air (FWRD) Depreciation Expense (2018 - 2024)

Forward Air (FWRD) has disclosed Depreciation Expense for 6 consecutive years, with -$9.4 million as the latest value for Q4 2023.

  • For the quarter ending Q4 2023, Depreciation Expense fell 1412.93% year-over-year to -$9.4 million, compared with a TTM value of $566000.0 through Mar 2024, down 97.8%, and an annual FY2023 reading of $9.7 million, down 58.72% over the prior year.
  • Depreciation Expense was -$9.4 million for Q4 2023 at Forward Air, down from $10.0 million in the prior quarter.
  • Across five years, Depreciation Expense topped out at $16.9 million in Q4 2020 and bottomed at -$9.4 million in Q4 2023.
  • Average Depreciation Expense over 5 years is $3.7 million, with a median of $5.8 million recorded in 2021.
  • The sharpest move saw Depreciation Expense surged 952.72% in 2020, then crashed 1412.93% in 2023.
  • Year by year, Depreciation Expense stood at -$2.0 million in 2019, then soared by 952.72% to $16.9 million in 2020, then plummeted by 124.62% to -$4.2 million in 2021, then surged by 117.28% to $719000.0 in 2022, then plummeted by 1412.93% to -$9.4 million in 2023.
  • Business Quant data shows Depreciation Expense for FWRD at -$9.4 million in Q4 2023, $10.0 million in Q2 2023, and $9.2 million in Q1 2023.