10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0000878927-13-000039`
Period End Date	20130630
Filing Date	20130808
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	odfl-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 96 Cash Flow Statement 42

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.32M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.56M	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`	$75.85M	USD	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Customer receivables, less allowances of $8,318 and $8,561, respectively	`AccountsReceivableNetCurrent`	$219.04M	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 $8,318 and $8,561, respectively	`AccountsReceivableNetCurrent`	$267.69M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.15M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.32M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.26M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.75M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$19.61M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$20.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$324.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$275.03M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$981.82M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$922.03M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$874.77M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$927.81M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$244.87M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$225.30M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.16M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.13M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.16B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.03B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$691.27M	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`	$1.47B	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`	$41.79M	USD	Point-in-time
Total assets	`Assets`	$1.85B	USD	Point-in-time
Total assets	`Assets`	$1.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.89M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$89.26M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$80.05M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$33.99M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$34.07M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$21.33M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$20.91M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$23.35M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$6.33M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$38.40M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$38.98M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$273.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.14M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$190.39M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$201.43M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$106.79M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$111.63M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$154.80M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$461.41M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$456.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$686.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$729.95M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 86,164,917 shares outstanding at June 30, 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 June 30, 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`	$882.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$981.76M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.12B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.85B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.71B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$1.05B	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$590.30M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.13B	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$547.45M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$268.50M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$287.96M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$558.76M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$526.49M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$93.69M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$95.11M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$190.82M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$187.91M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$30.09M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$35.40M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$15.94M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$17.64M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$35.25M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.14M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$33.50M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.98M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.60M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$15.34M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$14.87M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.65M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$11.49M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.77M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$4.70M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$9.55M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$60.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.52M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$50.36M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$27.02M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$24.59M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$46.50M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$6.72M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.46M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$6.29M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.11M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$17.00K	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.29M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.67M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.61M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$464.86M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$913.47M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$492.73M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$965.20M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$97.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$163.52M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$136.81M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$82.59M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.69M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.40M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$4.80M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$5.90M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$33.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$56.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$42.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$85.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-875.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-334.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-408.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-529.00K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-5.16M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.69M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.53M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.35M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$130.46M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$158.36M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.55M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$51.53M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.23M	USD	1 Quarter
Net income	`NetIncomeLoss`	$78.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$58.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.83M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.15	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.92	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.92	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$78.93M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$58.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$52.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$30.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$26.52M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.33M	USD	2 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$844.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.34M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.07M	USD	2 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-5.03M	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`	$153.86M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$156.35M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$210.02M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.61M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-206.92M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-147.74M	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	2 Qtrs
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$412.00K	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.78M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.29M	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`	$24.68M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.61M	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`	$-5.49M	USD	2 Qtrs
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`	$12.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	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.