10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000878927-17-000015`
Period End Date	20170331
Filing Date	20170510
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	odfl-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 50 Cash Flow Statement 38

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.35M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.71M	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`	$47.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.47M	USD	Point-in-time
Customer receivables, less allowances of $8,711 and $8,346, respectively	`AccountsReceivableNetCurrent`	$320.09M	USD	Point-in-time
Customer receivables, less allowances of $8,711 and $8,346, respectively	`AccountsReceivableNetCurrent`	$332.16M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.42M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82.47M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$14.40M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$5.73M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$39.63M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseCurrent`	$37.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$382.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$425.07M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.50B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.49B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.42B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.38B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$416.43M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$402.48M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.73M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$8.70M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$3.34B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$3.28B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.09B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.04B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.24B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.25B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$52.76M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$54.19M	USD	Point-in-time
Total assets	`Assets`	$2.75B	USD	Point-in-time
Total assets	`Assets`	$2.70B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$89.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.84M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$126.51M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$129.17M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$47.69M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$47.42M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$22.83M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$22.32M	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	-	USD	Point-in-time
Income taxes payable	`DeferredTaxLiabilitiesCurrent`	$31.42M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$50.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$334.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$288.64M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$104.97M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$45.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$178.88M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$183.26M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$272.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$272.60M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$500.86M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$556.45M	USD	Point-in-time
Total liabilities	`Liabilities`	$835.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$845.09M	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, 82,465,636 and 82,416,657 shares outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValueOutstanding`	$8.25M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 82,465,636 and 82,416,657 shares outstanding at March 31, 2017 and December 31, 2016, respectively	`CommonStockValueOutstanding`	$8.24M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$136.17M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$135.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.71B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.76B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.91B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$1.85B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.70B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$2.75B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`SalesRevenueServicesNet`	$707.73M	USD	1 Quarter
Revenue from operations	`SalesRevenueServicesNet`	$754.10M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$416.50M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$400.87M	USD	1 Quarter
Operating supplies and expenses	`CostOfServicesDirectMaterials`	$90.99M	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`	$22.87M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$24.02M	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`	$8.79M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.00M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.43M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.29M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.50M	USD	1 Quarter
Purchased transportation	`ShippingHandlingAndTransportationCosts`	$18.00M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.27M	USD	1 Quarter
Building and office equipment rents	`LeaseAndRentalExpense`	$2.11M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.82M	USD	1 Quarter
Miscellaneous expenses, net	`OtherOperatingExpensesNet`	$4.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$608.18M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$645.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$108.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$99.55M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$595.00K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$1.18M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$35.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$16.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-516.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-409.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-969.00K	USD	1 Quarter
Total non-operating expense	`NonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$107.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$97.86M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$41.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$65.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.28M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.72	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	83.98M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.35M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.44M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	83.98M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$65.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$60.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$44.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$50.29M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$77.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$200.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$710.00K	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$-6.06M	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$63.14M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$168.39M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$110.81M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$57.00M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$120.29M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.83M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$691.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.17M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$892.00K	USD	1 Quarter
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-7.59M	USD	1 Quarter
Proceeds From (Repayments Of) Line Of Credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-9.97M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$50.00K	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$44.65M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$8.23M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	-	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`	$-18.26M	USD	1 Quarter
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.38M	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`	$47.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	USD	Point-in-time
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 end of period	`CashAndCashEquivalentsAtCarryingValue`	$47.55M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.17M	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

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