10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000878927-16-000066`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	odfl-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 48 Cash Flow Statement 34

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.93M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.98M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$113.04M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	84.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	83.65M	shares	Point-in-time
Customer receivables, less allowances of $8,925 and $8,976, respectively	`AccountsReceivableNetCurrent`	$311.65M	USD	Point-in-time
Customer receivables, less allowances of $8,925 and $8,976, respectively	`AccountsReceivableNetCurrent`	$310.50M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$34.55M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$32.29M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$25.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$381.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$355.62M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.36B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.41B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.22B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.27B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$375.26M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$365.67M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.69M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$7.58M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$3.06B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.95B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$929.38M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$961.62M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.02B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.10B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$42.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.86M	USD	Point-in-time
Total assets	`Assets`	$2.47B	USD	Point-in-time
Total assets	`Assets`	$2.52B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.77M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$81.08M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$124.59M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$118.23M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$44.50M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$44.92M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$24.94M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$22.63M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$28.88M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$25.60M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$26.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$323.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$285.40M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$107.32M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$99.73M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$154.09M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$157.16M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$235.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$235.05M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$496.46M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$491.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$781.87M	USD	Point-in-time
Total liabilities	`Liabilities`	$815.16M	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, 83,649,398 and 84,411,878 shares outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.44M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 83,649,398 and 84,411,878 shares outstanding at March 31, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.37M	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`	$1.54B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.56B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.70B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.52B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$696.25M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$707.73M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$400.87M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$368.44M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$88.05M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$75.37M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$21.14M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$21.29M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$22.27M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$23.19M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.24M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.04M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.78M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$38.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.50M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$30.15M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.27M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.28M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.59M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.82M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$592.68M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$608.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$99.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$103.56M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$1.57M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$1.18M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$16.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$71.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-516.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-237.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.74M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$101.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.31M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.52M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.98M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.97M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.98M	shares	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$60.28M	USD	1 Quarter
Net income	`NetIncomeLoss`	$62.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$38.79M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$200.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-33.00K	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$71.31M	USD	1 Quarter
Other operating activities, net	`WorkingCapitalChangesAndOther`	$63.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$172.59M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.39M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$120.29M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$72.15M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.85M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$691.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.60M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$892.00K	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$10.71M	USD	1 Quarter
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLineOfCredit`	-	USD	1 Quarter
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLineOfCredit`	$-7.59M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$44.65M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$13.33M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.13M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-24.04M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$78.25M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.79M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$113.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.79M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$113.04M	USD	Point-in-time

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