10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000878927-16-000089`
Period End Date	20160930
Filing Date	20161107
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	odfl-20160930.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`	$8.17M	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`	$15.01M	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
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`	$11.41M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.58M	shares	Point-in-time
Customer receivables, less allowances of $8,174 and $8,976, respectively	`AccountsReceivableNetCurrent`	$333.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	84.41M	shares	Point-in-time
Customer receivables, less allowances of $8,174 and $8,976, respectively	`AccountsReceivableNetCurrent`	$310.50M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$34.55M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$9.78M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$31.32M	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`	$389.15M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.36B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.51B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.22B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.33B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$365.67M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$396.85M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$7.58M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.66M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$2.95B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$3.25B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$929.38M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.02B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.02B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.23B	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`	$46.06M	USD	Point-in-time
Total assets	`Assets`	$2.47B	USD	Point-in-time
Total assets	`Assets`	$2.68B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.15M	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`	$140.41M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$44.92M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$46.38M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$27.05M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$22.63M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$26.49M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$268.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$285.40M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$193.13M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$107.32M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$162.42M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$154.09M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$235.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$266.35M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$496.46M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$621.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$890.87M	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, 82,578,641 and 84,411,878 shares outstanding at September 30, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.26M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 82,578,641 and 84,411,878 shares outstanding at September 30, 2016 and December 31, 2015, respectively	`CommonStockValueOutstanding`	$8.44M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$134.40M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$135.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.65B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.54B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.68B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.68B	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`	$779.47M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$2.24B	USD	3 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$2.25B	USD	3 Qtrs
Revenue from operations	`SalesRevenueServicesNet`	$782.61M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$425.08M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$1.23B	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$1.16B	USD	3 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$406.59M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$83.20M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$88.67M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$238.90M	USD	3 Qtrs
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$270.11M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$69.17M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$65.93M	USD	3 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$22.01M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$24.35M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$69.37M	USD	3 Qtrs
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$23.86M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$22.71M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$69.67M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.19M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$31.17M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$29.79M	USD	3 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$10.81M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$6.87M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$21.36M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$20.14M	USD	3 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$49.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$42.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$140.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$121.12M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.91M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$55.58M	USD	3 Qtrs
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$30.30M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$93.15M	USD	3 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$2.05M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.40M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$7.15M	USD	3 Qtrs
Building and office equipment rents	`LeaseAndRentalExpense`	$6.49M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$5.00M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$13.31M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$9.42M	USD	3 Qtrs
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$3.23M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.88B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.85B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$645.21M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$639.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$139.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$137.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$370.39M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$384.32M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$1.16M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$3.38M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$3.90M	USD	3 Qtrs
Interest expense	`InterestAndDebtExpense`	$1.13M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$33.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$187.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeNet`	$38.00K	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.87M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-2.54M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-6.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-782.00K	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-6.26M	USD	3 Qtrs
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.13M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-3.00M	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-4.12M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$136.86M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$136.28M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$378.06M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$366.27M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$145.59M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.49M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$139.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$85.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$227.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$84.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$232.47M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$2.73	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.71	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.73	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.99	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.71	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.65M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	85.25M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.74M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.36M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.65M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.39M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.81M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$85.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$227.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$84.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$232.47M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$49.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$42.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$140.29M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$121.12M	USD	3 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.18M	USD	3 Qtrs
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$542.00K	USD	3 Qtrs
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$42.04M	USD	3 Qtrs
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$20.86M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$410.13M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$372.27M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$362.01M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$351.12M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.37M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.57M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-342.64M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-346.55M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$26.49M	USD	3 Qtrs
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$36.89M	USD	3 Qtrs
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$63.00M	USD	3 Qtrs
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$85.81M	USD	3 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$79.12M	USD	3 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$119.02M	USD	3 Qtrs
Net Change Other Financing Activities	`NetChangeOtherFinancingActivities`	$-338.00K	USD	3 Qtrs
Net Change Other Financing Activities	`NetChangeOtherFinancingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-60.04M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-53.01M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.54M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.38M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.01M	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`	$11.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.01M	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`	$11.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.41M	USD	Point-in-time

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