10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000878927-14-000034`
Period End Date	20140630
Filing Date	20140807
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	odfl-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 96 Cash Flow Statement 38

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.07M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.41M	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`	$7.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.79M	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Customer receivables, less allowances of $9,415 and $8,067, respectively	`AccountsReceivableNetCurrent`	$302.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Customer receivables, less allowances of $9,415 and $8,067, respectively	`AccountsReceivableNetCurrent`	$248.07M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$3.94M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$10.22M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.66M	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`	$26.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$382.37M	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`	$1.13B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.02B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$990.26M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$295.56M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$266.56M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.38M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$7.06M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.46B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.27B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$780.06M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$730.07M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.68B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.54B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$45.87M	USD	Point-in-time
Total assets	`Assets`	$2.12B	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`	$63.78M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$97.19M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$107.96M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$40.76M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$38.78M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$23.84M	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`	$25.50M	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`	$297.56M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$164.00M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$155.71M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$132.57M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$123.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$178.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$189.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$474.68M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$467.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$772.25M	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 June 30, 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 June 30, 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`	$1.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.09B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.35B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.12B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$590.30M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$702.99M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.32B	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$1.13B	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$340.31M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$651.49M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$287.96M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$558.76M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$95.11M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$109.92M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$190.82M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$216.21M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$20.89M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$40.02M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$17.64M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$35.40M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$17.98M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$20.62M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$35.25M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$39.67M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$9.84M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$14.87M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$17.81M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$7.60M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$12.84M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.77M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$11.49M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$69.21M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.12M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$27.02M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$62.29M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$50.36M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$33.16M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$5.02M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$3.11M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.51M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$6.29M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.95M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.83M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.61M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$17.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.12B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$965.20M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$580.29M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$492.73M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$163.52M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$97.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$202.75M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$122.69M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$4.80M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$1.62M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.70M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$2.40M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$56.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$42.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$59.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$26.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-334.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-810.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-35.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-408.00K	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.63M	USD	1 Quarter
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`	$-4.45M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.88M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$121.06M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$158.36M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$198.30M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.22M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$78.56M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$36.62M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.55M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$98.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$119.74M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$58.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.85M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.86	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.15	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.39	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.86	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.68	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.15	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.39	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	2 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$98.81M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$119.74M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$58.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$73.85M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$30.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.35M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$69.21M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.12M	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`	$-2.40M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.07M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-14.47M	USD	2 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$9.60M	USD	2 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-5.03M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$153.86M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$181.67M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$156.35M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$218.57M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.61M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-200.34M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-147.74M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.29M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$35.72M	USD	2 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$44.00M	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`	$8.29M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.38M	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`	$7.37M	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.37M	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`	$12.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.79M	USD	Point-in-time

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