Old Dominion Freight Line Inc., adjusted current assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current assets	933,740)	1,383,787)	1,243,339)	866,834)	706,229)
Adjustments
Add: Allowance for uncollectible accounts	6,677)	6,039)	4,095)	3,497)	3,632)
After Adjustment
Adjusted current assets	940,417)	1,389,826)	1,247,434)	870,331)	709,861)

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Old Dominion Freight Line Inc., adjusted total assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	4,838,610)	4,821,544)	4,369,410)	3,995,568)	3,545,283)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	82,153)
Add: Allowance for uncollectible accounts	6,677)	6,039)	4,095)	3,497)	3,632)
Less: Deferred tax assets (included in Other assets)²	1,266)	1,477)	3,134)	3,877)	2,739)
After Adjustment
Adjusted total assets	4,844,021)	4,826,106)	4,370,371)	3,995,188)	3,628,329)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets (included in Other assets). See details »

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Old Dominion Freight Line Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	1,185,693)	1,141,737)	1,043,122)	914,851)	864,800)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	82,153)
Less: Deferred tax liabilities²	310,515)	248,718)	220,210)	261,964)	247,669)
After Adjustment
Adjusted total liabilities	875,178)	893,019)	822,912)	652,887)	699,284)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Old Dominion Freight Line Inc., adjusted shareholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Shareholders’ equity	3,652,917)	3,679,807)	3,326,288)	3,080,717)	2,680,483)
Adjustments
Less: Net deferred tax asset (liability)¹	(309,249)	(247,241)	(217,076)	(258,087)	(244,930)
Add: Allowance for uncollectible accounts	6,677)	6,039)	4,095)	3,497)	3,632)
After Adjustment
Adjusted shareholders’ equity	3,968,843)	3,933,087)	3,547,459)	3,342,301)	2,929,045)

¹ Net deferred tax asset (liability). See details »

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Old Dominion Freight Line Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current maturities of long-term debt	20,000)	—)	—)	—)	—)
Long-term debt, excluding current maturities	79,963)	99,947)	99,931)	45,000)	45,000)
Total reported debt	99,963)	99,947)	99,931)	45,000)	45,000)
Shareholders’ equity	3,652,917)	3,679,807)	3,326,288)	3,080,717)	2,680,483)
Total reported capital	3,752,880)	3,779,754)	3,426,219)	3,125,717)	2,725,483)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	82,153)
Add: Current operating lease liabilities (presented within Other accrued liabilities)²	17,300)	14,000)	13,000)	10,400)	—)
Add: Non-current operating lease liabilities (presented within Other non-current liabilities)³	80,800)	88,800)	93,300)	56,100)	—)
Adjusted total debt	198,063)	202,747)	206,231)	111,500)	127,153)
Adjustments to Equity
Less: Net deferred tax asset (liability)⁴	(309,249)	(247,241)	(217,076)	(258,087)	(244,930)
Add: Allowance for uncollectible accounts	6,677)	6,039)	4,095)	3,497)	3,632)
Adjusted shareholders’ equity	3,968,843)	3,933,087)	3,547,459)	3,342,301)	2,929,045)
After Adjustment
Adjusted total capital	4,166,906)	4,135,834)	3,753,690)	3,453,801)	3,056,198)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (presented within Other accrued liabilities). See details »

³ Non-current operating lease liabilities (presented within Other non-current liabilities). See details »

⁴ Net deferred tax asset (liability). See details »

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Old Dominion Freight Line Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income	1,377,159)	1,034,375)	672,682)	615,518)	605,668)
Adjustments
Add: Deferred income tax expense (benefit)¹	62,008)	30,165)	(41,011)	13,157)	57,707)
Add: Increase (decrease) in allowance for uncollectible accounts	638)	1,944)	598)	(135)	144)
Add: Other comprehensive income	—)	—)	—)	—)	—)
After Adjustment
Adjusted net income	1,439,805)	1,066,484)	632,269)	628,540)	663,519)

¹ Deferred income tax expense (benefit). See details »

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Old Dominion Freight Line Inc. (NASDAQ:ODFL)

Adjustments to Financial Statements