10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000878927-16-000079`
Period End Date	20160630
Filing Date	20160808
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	odfl-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 96 Cash Flow Statement 40

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.98M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.76M	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`	$10.67M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.79M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.79M	USD	Point-in-time
Customer receivables, less allowances of $7,762 and $8,976, respectively	`AccountsReceivableNetCurrent`	$310.50M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	83.10M	shares	Point-in-time
Customer receivables, less allowances of $7,762 and $8,976, respectively	`AccountsReceivableNetCurrent`	$319.02M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	84.41M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$8.48M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$34.55M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$33.69M	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`	$371.86M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.36B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.52B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.22B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.29B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$389.46M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$365.67M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.64M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$7.58M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$3.21B	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`	$986.20M	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.02B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.22B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$41.86M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$43.60M	USD	Point-in-time
Total assets	`Assets`	$2.47B	USD	Point-in-time
Total assets	`Assets`	$2.66B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$66.77M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$124.59M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$130.74M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$44.92M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$43.55M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$37.83M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$22.63M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$26.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$291.35M	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`	$218.33M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$154.09M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$155.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$252.50M	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`	$626.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$918.03M	USD	Point-in-time
Total liabilities	`Liabilities`	$781.87M	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, 83,096,036 and 84,411,878 shares outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.31M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 83,096,036 and 84,411,878 shares outstanding at June 30, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.44M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$134.54M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$134.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.74B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.66B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.47B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$755.43M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.46B	USD	2 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$762.15M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$1.46B	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$809.29M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$755.87M	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$408.42M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$387.42M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$93.39M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$80.33M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$181.44M	USD	2 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$155.71M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$43.92M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$23.53M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$22.78M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$44.83M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$45.81M	USD	2 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$23.54M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$23.47M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$46.65M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$9.36M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$19.61M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.32M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$20.36M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$14.33M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.50M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.33M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$13.28M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$46.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$78.56M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$91.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$39.77M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.18M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$62.85M	USD	2 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$32.70M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$36.67M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$2.16M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$4.75M	USD	2 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$2.47M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$4.44M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$1.60M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$3.49M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$8.31M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$6.19M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.21B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$622.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$621.25M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.23B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$232.98M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$140.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$133.44M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$244.46M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$1.06M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.74M	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$1.17M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$2.25M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$83.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$154.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$28.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$12.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-776.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-441.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-678.00K	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-260.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.53M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.00M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.26M	USD	2 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.31M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$132.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$139.37M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$229.99M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$241.20M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$88.32M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$93.10M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.80M	USD	1 Quarter
Net income	`NetIncomeLoss`	$148.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$85.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$141.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.39M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.73	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.98	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.69	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.69	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.73	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.35M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.73M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.85M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.67M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.68M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.85M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.73M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$148.10M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$85.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$141.67M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$81.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$46.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$78.56M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$91.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$39.77M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.70M	USD	2 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$466.00K	USD	2 Qtrs
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$58.84M	USD	2 Qtrs
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$29.27M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$292.23M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$254.22M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$231.25M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$295.53M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.35M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-292.54M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-220.90M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$26.49M	USD	2 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$35.92M	USD	2 Qtrs
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$23.00M	USD	2 Qtrs
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$111.02M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$84.68M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$42.40M	USD	2 Qtrs
Net Change Other Financing Activities	`NetChangeOtherFinancingActivities`	-	USD	2 Qtrs
Net Change Other Financing Activities	`NetChangeOtherFinancingActivities`	$-338.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.32M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-494.00K	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-799.00K	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.79M	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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.79M	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

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