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10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0000950170-21-000137
Period End Date 20210331
Filing Date 20210507
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance hubg-20210331_htm.xml
Filing Contents
Balance Sheet 83 line items
Line Item Tag Value Unit Period
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $226.26M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $124.51M USD Point-in-time
Accounts receivable trade, net AccountsReceivableGrossCurrent $507.38M 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
Accounts receivable trade, net AccountsReceivableGrossCurrent $518.98M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $3.36M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $1.26M USD Point-in-time
Prepaid taxes PrepaidTaxes $985.00K USD Point-in-time
Prepaid taxes PrepaidTaxes $1.34M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.90M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $26.75M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $755.89M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $672.84M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $23.35M USD Point-in-time
Purchase price in excess of predecessor basis, tax benefit PurchasePriceInExcessOfPredecessorBasisTaxBenefit $10.31M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $21.73M USD Point-in-time
Treasury stock, shares TreasuryStockShares 7.68M shares Point-in-time
Treasury stock, shares TreasuryStockShares 7.47M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $641.86M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $671.10M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $43.57M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $42.86M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $3.56M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $2.97M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $150.86M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $163.95M USD Point-in-time
Goodwill, net Goodwill $508.56M USD Point-in-time
Goodwill, net Goodwill $520.59M USD Point-in-time
Other assets OtherAssetsNoncurrent $18.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $18.47M USD Point-in-time
TOTAL ASSETS Assets $2.15B USD Point-in-time
TOTAL ASSETS Assets $2.11B USD Point-in-time
Accounts payable trade AccountsPayableCurrent $317.80M USD Point-in-time
Accounts payable trade AccountsPayableCurrent $285.32M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $12.68M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $17.02M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $23.04M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $33.40M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $102.61M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $111.94M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $10.23M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $10.09M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $1.02M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $1.79M USD Point-in-time
Current portion of long-term debt SecuredDebtCurrent $89.53M USD Point-in-time
Current portion of long-term debt SecuredDebtCurrent $93.56M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $580.94M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $529.11M USD Point-in-time
Long-term debt SecuredLongTermDebt $176.80M USD Point-in-time
Long-term debt SecuredLongTermDebt $154.34M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $41.09M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $42.91M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $35.04M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $36.33M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $8.00K USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $6.00K USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $162.32M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $166.86M USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2021 and 2020 PreferredStockValue - USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2021 and 2020 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $186.06M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $182.00M USD Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306 PurchasePriceInExcessOfPredecessorBasisNetOfTax $-15.46M USD Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306 PurchasePriceInExcessOfPredecessorBasisNetOfTax $-15.46M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.25B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.27B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-201.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-191.00K USD Point-in-time
Treasury stock; at cost, 7,469,756 shares in 2021 and 7,675,084 shares in 2020 TreasuryStockValue $260.65M USD Point-in-time
Treasury stock; at cost, 7,469,756 shares in 2021 and 7,675,084 shares in 2020 TreasuryStockValue $266.06M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.16B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.18B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.08B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.09B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $2.11B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $2.15B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $919.55M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $838.86M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $810.81M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $734.26M USD 1 Quarter
Gross margin GrossProfit $108.75M USD 1 Quarter
Gross margin GrossProfit $104.59M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $56.95M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $50.88M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $19.24M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $26.34M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.50M USD 1 Quarter
Total costs and expenses OperatingExpenses $84.70M USD 1 Quarter
Total costs and expenses OperatingExpenses $84.83M USD 1 Quarter
Operating income OperatingIncomeLoss $24.05M USD 1 Quarter
Operating income OperatingIncomeLoss $19.76M USD 1 Quarter
Interest expense InterestExpense $1.91M USD 1 Quarter
Interest expense InterestExpense $2.46M USD 1 Quarter
Interest and dividend income InvestmentIncomeInterest $403.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeInterest $1.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-93.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-222.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.27M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.00M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.48M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $22.05M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.25M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.82M USD 1 Quarter
Net income NetIncomeLoss $17.23M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-134.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $17.22M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $13.10M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.40 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.52 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.51 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.40 USD 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33,159.00 shares 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33,419.00 shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33,775.00 shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33,488.00 shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $17.23M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $32.11M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $30.58M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-4.33M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-696.00K USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $5.12M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $4.10M USD 1 Quarter
(Gain) loss on sale of assets GainLossOnSaleOfPropertyPlantEquipment $-121.00K USD 1 Quarter
(Gain) loss on sale of assets GainLossOnSaleOfPropertyPlantEquipment $1.92M USD 1 Quarter
Other operating activities OtherNoncashExpense - USD 1 Quarter
Other operating activities OtherNoncashExpense $240.00K USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $-1.62M USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $-4.41M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $9.48M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $-8.39M USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $-350.00K USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $50.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-8.82M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-9.05M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $189.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $477.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $36.82M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $19.66M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $18.70M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-28.55M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-3.99M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-2.88M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $40.65M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $127.37M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $14.93M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $497.00K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $25.47M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.52M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-24.97M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $5.41M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $24.37M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $33.38M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.76M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.77M USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $747.00K USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $772.00K USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $6.89M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $121.44M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $92.56M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-31.02M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-8.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-87.00K USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $101.76M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $108.15M USD 1 Quarter
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $124.51M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $226.26M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $276.88M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $168.73M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $124.51M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $226.26M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $276.88M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $168.73M USD Point-in-time
Interest InterestPaidNet $2.00M USD 1 Quarter
Interest InterestPaidNet $2.56M USD 1 Quarter
Income taxes IncomeTaxesPaid $317.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $355.00K USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $1.16B USD Point-in-time
Beginning Balance StockholdersEquity $1.18B USD Point-in-time
Beginning Balance StockholdersEquity $1.08B USD Point-in-time
Beginning Balance StockholdersEquity $1.09B USD Point-in-time
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.77M USD 1 Quarter
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.76M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.10M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.12M USD 1 Quarter
Net income NetIncomeLoss $17.23M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-134.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-10.00K USD 1 Quarter
Ending Balance StockholdersEquity $1.16B USD Point-in-time
Ending Balance StockholdersEquity $1.18B USD Point-in-time
Ending Balance StockholdersEquity $1.08B USD Point-in-time
Ending Balance StockholdersEquity $1.09B USD Point-in-time

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

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