10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000878927-12-000010`
Period End Date	20120331
Filing Date	20120508
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	odfl-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 48 Cash Flow Statement 40

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.17M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.11M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$88.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.85M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Customer receivables, less allowances of $9,114 and $9,173, respectively	`AccountsReceivableNetCurrent`	$213.48M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	57.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	57.44M	shares	Point-in-time
Customer receivables, less allowances of $9,114 and $9,173, respectively	`AccountsReceivableNetCurrent`	$228.40M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.25M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.44M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$23.38M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.65M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$327.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$331.85M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$833.60M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$789.98M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$738.36M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$767.51M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$214.82M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$213.55M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.77M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.83M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.82B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.75B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$621.98M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$630.35M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.81M	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.10M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$66.74M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$69.61M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$38.04M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$35.93M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$49.85M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.69M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$39.35M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$39.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$251.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.81M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$229.83M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$219.12M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$94.84M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$87.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$121.36M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$134.92M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$435.31M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$451.75M	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$686.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$656.55M	USD	Point-in-time
Common stock - $0.10 par value, 70,000,000 shares authorized, 57,443,324 shares outstanding at March 31, 2012 and December 31, 2011	`CommonStockValueOutstanding`	$5.74M	USD	Point-in-time
Common stock - $0.10 par value, 70,000,000 shares authorized, 57,443,324 shares outstanding at March 31, 2012 and December 31, 2011	`CommonStockValueOutstanding`	$5.74M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$137.28M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$137.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$713.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$744.60M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$856.52M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$887.61M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$497.14M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$422.68M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$257.99M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$221.50M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$94.22M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$82.63M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$11.57M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$14.15M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$15.53M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$16.36M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.68M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.19M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.55M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.12M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$14.29M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$16.23M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.39M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.27M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.99M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.63M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$442.92M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$384.76M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$37.92M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.22M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.88M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$19.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$52.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$346.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.42M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.44M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.82M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.91M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.57M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.54	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.26M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.26M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.12M	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$517.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$474.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-13.74M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.65M	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$34.96M	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$35.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$73.81M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.33M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$58.45M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$89.39M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.24M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$628.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-88.77M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.21M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$95.00M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$11.20M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$11.07M	USD	1 Quarter
Net payments on revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-66.23M	USD	1 Quarter
Net payments on revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	-	USD	1 Quarter
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$48.40M	USD	1 Quarter
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.19M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$66.10M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.63M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$82.69M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$88.14M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$75.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$88.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$75.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	$211.00K	USD	1 Quarter
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	-	USD	1 Quarter

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