10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000878927-13-000025`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	odfl-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 48 Cash Flow Statement 38

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.56M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.30M	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`	$12.86M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$75.85M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Customer receivables, less allowances of $8,302 and $8,561, respectively	`AccountsReceivableNetCurrent`	$248.22M	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 $8,302 and $8,561, respectively	`AccountsReceivableNetCurrent`	$219.04M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.32M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.09M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.14M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.32M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$20.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$275.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$324.96M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$922.03M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$919.30M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$893.72M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$874.77M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$225.30M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$230.75M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.13M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.05M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.05B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.03B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$674.08M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$648.92M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.38B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$38.72M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.02M	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Total assets	`Assets`	$1.76B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.47M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$81.16M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$80.05M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$34.68M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$33.99M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.91M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.90M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$37.30M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$6.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$38.62M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$38.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$254.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.14M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$180.71M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$201.43M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$111.11M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$106.79M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$148.72M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$461.41M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$440.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$694.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$686.54M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 86,164,917 shares outstanding at March 31, 2013 and December 31, 2012	`CommonStockValueOutstanding`	$8.62M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 86,164,917 shares outstanding at March 31, 2013 and December 31, 2012	`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`	$923.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$882.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.07B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.76B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$532.58M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$497.14M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$270.80M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$257.99M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$94.22M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$95.70M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$17.76M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$14.15M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.27M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$16.36M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.27M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.68M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.72M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.54M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$17.50M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$16.23M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.27M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.18M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.63M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$466.63M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$442.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$54.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.94M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.40M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.22M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$14.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$52.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-74.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$346.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.82M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$51.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$31.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.55M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$31.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.55M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$25.54M	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$474.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$47.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-13.74M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.74M	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-3.16M	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$34.96M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$78.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.53M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$89.39M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$26.95M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$815.00K	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`	$-26.13M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$6.00K	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$11.07M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$11.20M	USD	1 Quarter
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	-	USD	1 Quarter
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-10.00M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.19M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.07M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-21.63M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$16.33M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.86M	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`	$29.18M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.86M	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`	$29.18M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.22M	USD	Point-in-time
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	-	USD	1 Quarter
Acquisition of property and equipment by capital lease	`SupplementalAssetsAcquiredUnderCapitalLeases`	$211.00K	USD	1 Quarter

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