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10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000950170-23-018273
Period End Date 20230331
Filing Date 20230505
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance hubg-20230331_htm.xml
Filing Contents
Balance Sheet 84 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 $286.64M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $342.57M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable trade, net AccountsReceivableGrossCurrent $716.19M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable trade, net AccountsReceivableGrossCurrent $696.79M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other receivables OtherReceivablesNetCurrent $4.30M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $3.97M USD Point-in-time
Prepaid taxes PrepaidTaxes $9.38M USD Point-in-time
Prepaid taxes PrepaidTaxes $16.99M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $32.91M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $19.30M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $1.07B USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $1.06B USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $18.07M USD Point-in-time
Purchase price in excess of predecessor basis, tax benefit PurchasePriceInExcessOfPredecessorBasisTaxBenefit $10.31M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $19.19M USD Point-in-time
Purchase price in excess of predecessor basis, tax benefit PurchasePriceInExcessOfPredecessorBasisTaxBenefit $10.31M USD Point-in-time
Treasury stock, shares TreasuryStockShares 8.67M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $776.66M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $783.68M USD Point-in-time
Treasury stock, shares TreasuryStockShares 8.55M shares Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $174.19M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $102.11M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $1.19M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $4.36M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $190.24M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $197.39M USD Point-in-time
Goodwill Goodwill $629.40M USD Point-in-time
Goodwill Goodwill $629.41M USD Point-in-time
Other assets OtherAssetsNoncurrent $21.61M USD Point-in-time
Other assets OtherAssetsNoncurrent $21.54M USD Point-in-time
TOTAL ASSETS Assets $2.81B USD Point-in-time
TOTAL ASSETS Assets $2.89B USD Point-in-time
Accounts payable trade AccountsPayableCurrent $344.75M USD Point-in-time
Accounts payable trade AccountsPayableCurrent $330.26M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $12.34M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $15.56M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $66.67M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $28.67M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $132.32M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $130.91M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $29.55M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $35.25M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $2.38M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $1.18M USD Point-in-time
Current portion of long-term debt SecuredDebtCurrent $97.90M USD Point-in-time
Current portion of long-term debt SecuredDebtCurrent $101.74M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $637.71M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $691.77M USD Point-in-time
Long-term debt SecuredLongTermDebt $236.16M USD Point-in-time
Long-term debt SecuredLongTermDebt $240.72M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $47.73M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $43.51M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $145.61M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $78.56M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent - USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $1.89M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $155.92M USD Point-in-time
Deferred taxes DeferredIncomeTaxLiabilitiesNet $159.84M USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2023 and 2022 PreferredStockValue - USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2023 and 2022 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $206.11M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $208.16M 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 $1.78B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.84B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-214.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-180.00K USD Point-in-time
Treasury stock; at cost, 8,551,550 shares in 2023 and 8,665,564 shares in 2022 TreasuryStockValue $375.21M USD Point-in-time
Treasury stock; at cost, 8,551,550 shares in 2023 and 8,665,564 shares in 2022 TreasuryStockValue $374.89M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.60B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.34B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.66B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.43B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $2.89B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $2.81B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Operating revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.15B USD 1 Quarter
Operating revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.30B USD 1 Quarter
Purchased transportation and warehousing PurchasedTransportationAndWarehousing $866.93M USD 1 Quarter
Purchased transportation and warehousing PurchasedTransportationAndWarehousing $995.26M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $137.43M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $128.74M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $35.45M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $31.29M USD 1 Quarter
Insurance and claims InsuranceAndClaims $9.29M USD 1 Quarter
Insurance and claims InsuranceAndClaims $12.68M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $25.54M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $23.22M USD 1 Quarter
Gain on sale of assets, net GainLossOnDispositionOfAssets1 $4.75M USD 1 Quarter
Gain on sale of assets, net GainLossOnDispositionOfAssets1 $3.98M USD 1 Quarter
Total operating expenses OperatingExpenses $1.18B USD 1 Quarter
Total operating expenses OperatingExpenses $1.07B USD 1 Quarter
Operating income OperatingIncomeLoss $78.20M USD 1 Quarter
Operating income OperatingIncomeLoss $115.06M USD 1 Quarter
Interest expense InterestExpense $2.97M USD 1 Quarter
Interest expense InterestExpense $1.70M USD 1 Quarter
Interest income InvestmentIncomeInterest $1.38M USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $132.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $38.00K USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-1.57M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-1.55M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $113.49M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $76.65M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.87M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $25.99M USD 1 Quarter
Net income NetIncomeLoss $61.78M USD 1 Quarter
Net income NetIncomeLoss $87.50M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $20.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $34.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $61.81M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $87.52M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $1.90 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $2.60 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $2.58 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $1.88 USD 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 32,549.00 shares 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33,644.00 shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 32,838.00 shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33,966.00 shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $61.78M USD 1 Quarter
Net income NetIncomeLoss $87.50M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $45.81M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $35.19M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-4.90M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-5.29M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $5.24M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $4.72M USD 1 Quarter
Gain on sale of assets, net GainLossOnSaleOfPropertyPlantEquipment $3.98M USD 1 Quarter
Gain on sale of assets, net GainLossOnSaleOfPropertyPlantEquipment $4.75M USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $-2.76M USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $1.12M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $-18.95M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $65.29M USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $-535.00K USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $-7.61M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-3.40M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-13.62M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $653.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $1.52M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $7.77M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-17.70M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $7.13M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-40.06M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-2.54M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-5.01M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $89.38M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $80.21M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $10.17M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $6.44M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $30.93M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $26.84M USD 1 Quarter
Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired $-108.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-16.57M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-24.48M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $29.24M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $26.02M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $7.61M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.58M USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $526.00K USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $888.00K USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $23.51M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $20.83M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-16.90M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-8.62M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $8.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $18.00K USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $55.93M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $47.11M USD 1 Quarter
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $342.57M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $286.64M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $159.78M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $206.90M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $342.57M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $286.64M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $159.78M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $206.90M USD Point-in-time
Interest InterestPaidNet $1.87M USD 1 Quarter
Interest InterestPaidNet $3.32M USD 1 Quarter
Income taxes IncomeTaxesPaid $620.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $1.29M USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $1.60B USD Point-in-time
Beginning Balance StockholdersEquity $1.34B USD Point-in-time
Beginning Balance StockholdersEquity $1.66B USD Point-in-time
Beginning Balance StockholdersEquity $1.43B USD Point-in-time
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $5.58M USD 1 Quarter
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $7.61M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.72M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.24M USD 1 Quarter
Net income NetIncomeLoss $61.78M USD 1 Quarter
Net income NetIncomeLoss $87.50M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $20.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $34.00K USD 1 Quarter
Ending Balance StockholdersEquity $1.60B USD Point-in-time
Ending Balance StockholdersEquity $1.34B USD Point-in-time
Ending Balance StockholdersEquity $1.66B USD Point-in-time
Ending Balance StockholdersEquity $1.43B USD Point-in-time

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

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