Forward Air Corporation Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment results from operations for the years ended December 31, 2020, 2019 and 2018 are as follows.


Year ended December 31, 2020	Expedited Freight		Intermodal		Eliminations & Other		Consolidated
External revenues	$	1,070,106	$	199,567	$	—	$	1,269,673
Intersegment revenues	2,195		36		(2,331)		(100)
Depreciation	19,824		3,693		120		23,637
Amortization	7,203		6,285		—		13,488


Income (loss) from continuing operations	71,266		16,391		(13,733)		73,924
Total assets	905,081		221,963		(153,750)		973,294
Purchases of property and equipment	19,820		448		—		20,268


Year ended December 31, 2019 (As Adjusted)	Expedited Freight		Intermodal		Eliminations & Other		Consolidated
External revenues	$	997,877	$	217,606	$	—	$	1,215,483
Intersegment revenues	3,057		105		(3,458)		(296)
Depreciation	23,087		3,086		38		26,211
Amortization	4,335		5,848		—		10,183


Income (loss) from continuing operations	103,640		23,679		(14,903)		112,416
Total assets	717,555		206,576		(24,909)		899,222
Purchases of property and equipment	21,290		717		—		22,007


Year ended December 31, 2018 (As Adjusted)	Expedited Freight		Intermodal		Eliminations & Other		Consolidated
External revenues	$	937,289	$	200,750	$	—	$	1,138,039
Intersegment revenues	4,678		256		(5,360)		(426)
Depreciation	25,707		1,719		296		27,722
Amortization	3,499		4,610		—		8,109


Income (loss) from continuing operations	103,652		23,266		(9,702)		117,216
Total assets	555,501		167,002		(10,193)		712,310
Purchases of property and equipment	38,710		854		—		39,564

Revenue from the individual services within the Expedited Freight segment for the years ended December 31, 2020, 2019 and 2018 are as follows: