10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000878927-12-000040`
Period End Date	20120930
Filing Date	20121106
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	odfl-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 96 Cash Flow Statement 46

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.54M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.17M	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`	140.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$42.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.45M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Customer receivables, less allowances of $9,536 and $9,173, respectively	`AccountsReceivableNetCurrent`	$248.25M	USD	Point-in-time
Customer receivables, less allowances of $9,536 and $9,173, respectively	`AccountsReceivableNetCurrent`	$213.48M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.44M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$5.57M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$25.50M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$18.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.52M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$305.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$331.85M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$936.91M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$789.98M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$832.38M	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`	$228.10M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.99M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$5.77M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.00B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$1.75B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$652.02M	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`	$1.35B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$38.06M	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Total assets	`Assets`	$1.51B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.93M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$66.74M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$78.35M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$35.93M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$40.66M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$22.38M	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`	$39.31M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$204.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$237.63M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$243.50M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$229.83M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$100.17M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$87.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$134.92M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$146.84M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$451.75M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$490.51M	USD	Point-in-time
Total liabilities	`Liabilities`	$656.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$728.13M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized; 86,164,917 shares outstanding at September 30, 2012 and 86,164,986 shares outstanding at December 31, 2011	`CommonStockValueOutstanding`	$8.62M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized; 86,164,917 shares outstanding at September 30, 2012 and 86,164,986 shares outstanding at December 31, 2011	`CommonStockValueOutstanding`	$8.62M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$134.40M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$134.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$843.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$713.50M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$986.49M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$856.52M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.71B	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`	$1.58B	USD	3 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$544.49M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$494.48M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.40B	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$270.91M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$797.40M	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$708.03M	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$247.16M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$94.73M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$264.75M	USD	3 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$91.42M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$282.64M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$12.65M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$44.60M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$14.51M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$37.41M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$47.55M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.18M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$50.68M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$16.13M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.34M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.15M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$22.88M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$23.67M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$14.56M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$13.50M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.52M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$80.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$66.53M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$23.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.73M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$47.70M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.23M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$53.11M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$16.63M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$10.30M	USD	3 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.39M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.41M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$10.12M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.82M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$7.83M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$8.00M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.54M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$463.56M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.37B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$426.28M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.23B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$80.93M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$217.74M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$170.76M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$68.19M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.88M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.40M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$8.79M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$10.74M	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$22.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$3.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$107.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$36.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$289.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-622.00K	USD	3 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-240.00K	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-5.07M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-8.92M	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-11.32M	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.57M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$159.44M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$208.82M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$78.36M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.12M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.85M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.32M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$78.85M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$24.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$99.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$51.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.97M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.51	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.51	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.16	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.57M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.57M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$99.59M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$51.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$38.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$129.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$80.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$66.53M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$23.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$28.73M	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$900.00K	USD	3 Qtrs
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$789.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.88M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$33.68M	USD	3 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-347.00K	USD	3 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-692.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$200.35M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$222.74M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$209.90M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$309.66M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.21M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.45M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-204.69M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-304.22M	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$412.00K	USD	3 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$96.01M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$37.26M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$37.03M	USD	3 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$49.38M	USD	3 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-66.23M	USD	3 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$48.40M	USD	3 Qtrs
Proceeds from stock issuance, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Other financing activities, net	`NetChangeOtherFinancingActivities`	$-2.00K	USD	3 Qtrs
Other financing activities, net	`NetChangeOtherFinancingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.53M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.15M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-68.95M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$36.81M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.90M	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`	$42.26M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.90M	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`	$504.00K	USD	3 Qtrs
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	$1.09M	USD	3 Qtrs

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