10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000878927-12-000029`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	odfl-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 96 Cash Flow Statement 44

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`	$9.43M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.66M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	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 $9,433 and $9,173, respectively	`AccountsReceivableNetCurrent`	$213.48M	USD	Point-in-time
Customer receivables, less allowances of $9,433 and $9,173, respectively	`AccountsReceivableNetCurrent`	$241.43M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.44M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.57M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$25.37M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$20.77M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$301.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$331.85M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$894.40M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$789.98M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$803.65M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$738.36M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$214.82M	USD	Point-in-time
Other fixed assets	`FixedAssetsOther`	$224.82M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.77M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.92M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.93B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.75B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$646.28M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$621.98M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.51M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.81M	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Total assets	`Assets`	$1.64B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$62.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.10M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$75.36M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$66.74M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$35.93M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$39.80M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.69M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$26.95M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$39.35M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$39.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$244.45M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$229.83M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$228.15M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$97.72M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$87.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$133.88M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$134.92M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$459.74M	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`	$656.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$704.20M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 57,443,324 shares outstanding at June 30, 2012 and 70,000,000 shares authorized, 57,443,324 shares outstanding at December 31, 2011	`CommonStockValueOutstanding`	$5.74M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 57,443,324 shares outstanding at June 30, 2012 and 70,000,000 shares authorized, 57,443,324 shares outstanding at 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`	$792.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$713.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$935.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$856.52M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.51B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$541.50M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.04B	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$902.93M	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$480.25M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$268.50M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$460.87M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$239.38M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$526.49M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$90.70M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$173.33M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$93.69M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$187.91M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$15.94M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$30.09M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$24.77M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$13.20M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$33.50M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$31.42M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.14M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$15.89M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.53M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$15.34M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$14.72M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.65M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$9.55M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$8.98M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.43M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$43.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$26.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$52.07M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$31.07M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.64M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$34.88M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$16.78M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$6.72M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$6.89M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.50M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.46M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.18M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.19M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.67M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.29M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$901.84M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$458.92M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$415.61M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$800.37M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$136.81M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$102.57M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$64.64M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$82.59M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.46M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$7.34M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$5.90M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$2.69M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$33.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$33.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$85.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$14.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-529.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-875.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.06M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-362.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.35M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.81M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.25M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.53M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$60.83M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$130.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.31M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.36M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$51.53M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$78.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.38M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.07	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.37	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.69	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.37	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.07	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	56.85M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.44M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.44M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	57.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	57.44M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$60.96M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$78.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$47.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.38M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$22.01M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$43.13M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$26.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$52.07M	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$844.00K	USD	2 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$783.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$15.12M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.34M	USD	2 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-818.00K	USD	2 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$14.92M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$144.42M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$119.18M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$210.02M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$142.44M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.05M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-138.39M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.92M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$412.00K	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$96.51M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.26M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.78M	USD	2 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$34.03M	USD	2 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-66.23M	USD	2 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$48.40M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.42M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.34M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.83M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$23.21M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.66M	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`	$11.02M	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`	$28.66M	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`	$11.02M	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`	$1.09M	USD	2 Qtrs
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	-	USD	2 Qtrs

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