10-Q Filing

HUB GROUP, INC. CIK: 940942 Q3 2010

Filing Information

Form Type	10-Q
Accession Number	`0000940942-10-000029`
Period End Date	20100930
Filing Date	20101025
Fiscal Year	2010
Fiscal Period	Q3
XBRL Instance	hubg-20100930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 76 Cash Flow Statement 60

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$122.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$145.32M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$210.13M	USD	Point-in-time
Accounts receivable other	`OtherReceivables`	$13.56M	USD	Point-in-time
Accounts receivable other	`OtherReceivables`	$11.93M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$129.00K	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$593.00K	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$2.26M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$2.87M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$6.80M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpensesAndOtherCurrentAssets`	$6.29M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$350.41M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$294.38M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$10.52M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$9.58M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$43.18M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$28.51M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$5.83M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$6.16M	USD	Point-in-time
Goodwill, net	`Goodwill`	$232.73M	USD	Point-in-time
Goodwill, net	`Goodwill`	$232.89M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$644.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$573.35M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax	`PurchasePriceInExcessOfPredecessorBasis`	$10.31M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax	`PurchasePriceInExcessOfPredecessorBasis`	$10.31M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.57M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.97M	shares	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$148.06M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$110.63M	USD	Point-in-time
Accounts payable other	`AccountsPayableOtherCurrent`	$9.96M	USD	Point-in-time
Accounts payable other	`AccountsPayableOtherCurrent`	$7.70M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$8.25M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$13.42M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$18.96M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$28.23M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$145.53M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$199.67M	USD	Point-in-time
Non-current liabilities	`OtherNoncurrentLiabilities`	$12.00M	USD	Point-in-time
Non-current liabilities	`OtherNoncurrentLiabilities`	$13.00M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$61.97M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.40M	USD	Point-in-time
Preferred stock, $ .01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2010 and 2009	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $ .01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2010 and 2009	`PreferredStockValue`	-	USD	Point-in-time
Class A: $.01 par value; 97,337,700 shares authorized and 41,224,792 shares issued in 2010 and 2009; 36,652,858 shares outstanding in 2010 and 37,253,330 shares outstanding in 2009, Class B: $.01 par value; 662,300 shares authorized; 662,296 shares issued and outstanding in 2010 and 2009	`CommonStockValue`	$419.00K	USD	Point-in-time
Class A: $.01 par value; 97,337,700 shares authorized and 41,224,792 shares issued in 2010 and 2009; 36,652,858 shares outstanding in 2010 and 37,253,330 shares outstanding in 2009, Class B: $.01 par value; 662,300 shares authorized; 662,296 shares issued and outstanding in 2010 and 2009	`CommonStockValue`	$419.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$171.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$169.18M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`TaxBenefitOnPurchasePriceOfPredecessorBasis`	$15.46M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`TaxBenefitOnPurchasePriceOfPredecessorBasis`	$15.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$299.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$330.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Point-in-time
Treasury stock; at cost, 4,571,934 shares in 2010 and 3,971,462 shares in 2009	`TreasuryStockValue`	$120.73M	USD	Point-in-time
Treasury stock; at cost, 4,571,934 shares in 2010 and 3,971,462 shares in 2009	`TreasuryStockValue`	$102.13M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$363.92M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$353.84M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$573.35M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$644.98M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$388.78M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$1.10B	USD	3 Qtrs
Revenue	`SalesRevenueServicesNet`	$1.35B	USD	3 Qtrs
Revenue	`SalesRevenueServicesNet`	$478.42M	USD	1 Quarter
Transportation costs	`CostOfServices`	$1.20B	USD	3 Qtrs
Transportation costs	`CostOfServices`	$963.96M	USD	3 Qtrs
Transportation costs	`CostOfServices`	$421.02M	USD	1 Quarter
Transportation costs	`CostOfServices`	$340.58M	USD	1 Quarter
Gross margin	`GrossProfit`	$139.13M	USD	3 Qtrs
Gross margin	`GrossProfit`	$57.40M	USD	1 Quarter
Gross margin	`GrossProfit`	$156.79M	USD	3 Qtrs
Gross margin	`GrossProfit`	$48.20M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$25.55M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$67.51M	USD	3 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$72.87M	USD	3 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$22.24M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$30.41M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$28.37M	USD	3 Qtrs
General and administrative	`OtherGeneralAndAdministrativeExpense`	$9.12M	USD	1 Quarter
General and administrative	`OtherGeneralAndAdministrativeExpense`	$10.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$938.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$3.23M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$949.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.85M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$106.13M	USD	3 Qtrs
Total costs and expenses	`OperatingExpenses`	$36.69M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$32.31M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$99.12M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$50.66M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$20.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.89M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.01M	USD	3 Qtrs
Interest expense	`InterestExpense`	$26.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$76.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$38.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$120.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$29.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$83.00K	USD	3 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$35.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$84.00K	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$116.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-68.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$188.00K	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$-45.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$232.00K	USD	3 Qtrs
Total other (expense) income	`NonoperatingIncomeExpense`	$119.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$129.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.01M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.25M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.79M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.66M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.04M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.84M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.93M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.31M	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.65	USD	3 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.83	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.83	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.65	USD	3 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37,118.00	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37,346.00	shares	3 Qtrs
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37,373.00	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37,358.00	shares	3 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37,288.00	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37,504.00	shares	3 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37,550.00	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37,481.00	shares	3 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.95M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$24.31M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.08M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.28M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.46M	USD	3 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$7.33M	USD	3 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$3.22M	USD	3 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$2.72M	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$46.00K	USD	3 Qtrs
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-21.00K	USD	3 Qtrs
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$-938.00K	USD	3 Qtrs
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$-2.83M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-12.55M	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-66.44M	USD	3 Qtrs
Prepaid taxes	`PrepaidTaxesTemp`	$464.00K	USD	3 Qtrs
Prepaid taxes	`PrepaidTaxesTemp`	$-9.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$517.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.81M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-491.00K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$99.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$20.54M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$39.69M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.50M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.54M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.60M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$847.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$27.26M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$39.75M	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$871.00K	USD	3 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$72.00K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.53M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.36M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.46M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.49M	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$18.00K	USD	3 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$155.00K	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.10M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$23.82M	USD	3 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$660.00K	USD	3 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$198.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.61M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-281.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$14.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.82M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$37.01M	USD	3 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$122.81M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$122.81M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$85.80M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$118.04M	USD	Point-in-time
Interest	`InterestPaid`	$76.00K	USD	3 Qtrs
Interest	`InterestPaid`	$38.00K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$9.94M	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$11.68M	USD	3 Qtrs

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