10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000878927-14-000042`
Period End Date	20140930
Filing Date	20141105
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	odfl-20140930.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`	$9.47M	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`	$12.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.17M	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 authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Customer receivables, less allowances of $9,471 and $8,067, respectively	`AccountsReceivableNetCurrent`	$322.39M	USD	Point-in-time
Customer receivables, less allowances of $9,471 and $8,067, respectively	`AccountsReceivableNetCurrent`	$248.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	86.16M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$10.22M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$7.09M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$21.26M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$29.84M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$23.25M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$27.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$394.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$332.98M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.16B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.01B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.04B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$990.26M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$266.56M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$320.08M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$7.10M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$6.38M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.54B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.27B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$804.49M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$730.07M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.54B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.73B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.58M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.59M	USD	Point-in-time
Total assets	`Assets`	$2.19B	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$47.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$36.79M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$123.22M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$97.19M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$38.78M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$41.95M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$21.48M	USD	Point-in-time
Other accrued liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$25.83M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$12.61M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$2.17M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$35.71M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$35.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$286.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$232.12M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$148.20M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$155.71M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$138.18M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$123.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$185.83M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$189.12M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$472.21M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$467.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$700.01M	USD	Point-in-time
Total liabilities	`Liabilities`	$758.81M	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 September 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 September 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`	$1.29B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.09B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.43B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.23B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.19B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$2.07B	USD	3 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$743.59M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.75B	USD	3 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$616.46M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$862.61M	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$1.01B	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$303.85M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$363.42M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$96.79M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$287.61M	USD	3 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$327.88M	USD	3 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$111.67M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$18.31M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$61.95M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$53.71M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$21.93M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$53.41M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$21.34M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$61.01M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$18.16M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.12M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$23.27M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$27.93M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$8.39M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$17.21M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.73M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$19.16M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$93.27M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$106.92M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.91M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$96.88M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$78.86M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$34.59M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$28.50M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$9.14M	USD	3 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$2.88M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.85M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$7.90M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$7.35M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$13.30M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$2.89M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.50M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$617.32M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$518.38M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.74B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.48B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$98.08M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$126.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$261.59M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$329.01M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$2.48M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$1.46M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$7.28M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$5.16M	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$78.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$101.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$45.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$19.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-797.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-389.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.76M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-951.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.84M	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.40M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-2.82M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-7.98M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$95.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$253.62M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$123.87M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$322.17M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.96M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$94.66M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$124.52M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$158.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$197.65M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.29	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.84	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.84	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.70	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.29	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.90	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.16M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.16M	shares	3 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$158.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$77.91M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$197.65M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$93.27M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$106.92M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$37.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.91M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.19M	USD	3 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$30.30M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-7.15M	USD	3 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-26.94M	USD	3 Qtrs
Other operating activities, net	`WorkingCapitalChangesAndOther`	$-17.10M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$278.01M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$253.39M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$229.20M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$311.99M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$9.35M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.48M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-292.51M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-219.84M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.29M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$35.72M	USD	3 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$28.20M	USD	3 Qtrs
Net proceeds (payments) from revolving line of credit	`ProceedsFromRepaymentsOfLineOfCredit`	$2.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.29M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.51M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-753.00K	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.00M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.17M	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`	$30.17M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.17M	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`	$30.17M	USD	Point-in-time

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