10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000878927-14-000020`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	odfl-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 48 Cash Flow Statement 34

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.36M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.07M	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`	$41.24M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Customer receivables, less allowances of $8,355 and $8,067, respectively	`AccountsReceivableNetCurrent`	$248.07M	USD	Point-in-time
Customer receivables, less allowances of $8,355 and $8,067, respectively	`AccountsReceivableNetCurrent`	$285.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.32M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$10.22M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$33.43M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$23.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$25.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$388.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$332.98M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.01B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.04B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$990.26M	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.01B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$285.05M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$266.56M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.44M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.38M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.27B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.35B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$730.07M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$761.07M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.54B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.59B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.26M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.59M	USD	Point-in-time
Total assets	`Assets`	$2.03B	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.76M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$97.19M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$97.73M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$38.78M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$39.52M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$22.76M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$21.48M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$26.02M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$35.72M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$35.71M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$293.50M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$145.00M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$155.71M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$123.05M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$125.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$189.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$189.89M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$460.29M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$467.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$753.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$700.01M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 86,164,917 shares outstanding at March 31, 2014 and December 31, 2013	`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, 2014 and December 31, 2013	`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`	$1.13B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.09B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.28B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$620.28M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$538.42M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$311.18M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$270.80M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$95.70M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$106.29M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$17.76M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$19.14M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$19.05M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.27M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.27M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.97M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.72M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.73M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.09M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$23.34M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$29.14M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$3.18M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.51M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.12M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$540.22M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$472.47M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$65.94M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.40M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.08M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$14.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$33.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-74.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-775.00K	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`	$63.48M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$77.23M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.89M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.53	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 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$40.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$34.09M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$47.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$848.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.70M	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`	$20.44M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$63.53M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$99.57M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$26.95M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$79.82M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.04M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$815.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.13M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-77.78M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$11.07M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$10.71M	USD	1 Quarter
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-10.00M	USD	1 Quarter
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.71M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.07M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.07M	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`	$41.24M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.24M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	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`	$12.86M	USD	Point-in-time

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