10-Q Filing

HUB GROUP, INC. CIK: 940942 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-210471`
Period End Date	20110630
Filing Date	20110804
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	hubg-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 80 Cash Flow Statement 62

Balance Sheet 70 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`	$128.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$126.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.14M	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
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$348.31M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$185.88M	USD	Point-in-time
Accounts receivable other	`AccountsAndOtherReceivablesNetCurrent`	$28.26M	USD	Point-in-time
Purchase price in excess of predecessor basis, tax benefit	`PurchasePriceInExcessOfPredecessorBasisTaxBenefit`	$10.31M	USD	Point-in-time
Purchase price in excess of predecessor basis, tax benefit	`PurchasePriceInExcessOfPredecessorBasisTaxBenefit`	$10.31M	USD	Point-in-time
Accounts receivable other	`AccountsAndOtherReceivablesNetCurrent`	$17.96M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$128.00K	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$296.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.40M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.59M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$3.31M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$3.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.57M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.31M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$409.71M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$329.16M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$11.42M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$14.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$69.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.81M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$20.88M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$5.86M	USD	Point-in-time
Goodwill, net	`Goodwill`	$262.22M	USD	Point-in-time
Goodwill, net	`Goodwill`	$233.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.13M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.51M	USD	Point-in-time
Total assets	`Assets`	$629.41M	USD	Point-in-time
Total assets	`Assets`	$779.34M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$215.09M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$121.08M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$10.06M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$14.88M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$14.50M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$14.38M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$39.15M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$21.90M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$283.62M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$167.42M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$18.46M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$13.95M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.74M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$74.50M	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2011 and 2010	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2011 and 2010	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$166.74M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$169.72M	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`	$367.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$343.01M	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	Point-in-time
Other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.00K	USD	Point-in-time
Treasury stock; at cost, 4,396,045 shares in 2011 and 4,586,433 shares in 2010	`TreasuryStockValue`	$116.85M	USD	Point-in-time
Treasury stock; at cost, 4,396,045 shares in 2011 and 4,586,433 shares in 2010	`TreasuryStockValue`	$121.40M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$376.30M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$402.75M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$779.34M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$629.41M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$458.11M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$875.41M	USD	2 Qtrs
Revenue	`SalesRevenueServicesNet`	$1.25B	USD	2 Qtrs
Revenue	`SalesRevenueServicesNet`	$759.71M	USD	1 Quarter
Transportation costs	`CostOfServices`	$407.54M	USD	1 Quarter
Transportation costs	`CostOfServices`	$776.01M	USD	2 Qtrs
Transportation costs	`CostOfServices`	$674.96M	USD	1 Quarter
Transportation costs	`CostOfServices`	$1.10B	USD	2 Qtrs
Gross margin	`GrossProfit`	$84.75M	USD	1 Quarter
Gross margin	`GrossProfit`	$50.58M	USD	1 Quarter
Gross margin	`GrossProfit`	$142.06M	USD	2 Qtrs
Gross margin	`GrossProfit`	$99.39M	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$32.75M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$23.86M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$47.32M	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$59.55M	USD	2 Qtrs
Agent fees and commissions	`AgentFeesAndCommissions`	$13.77M	USD	1 Quarter
Agent fees and commissions	`AgentFeesAndCommissions`	$1.13M	USD	2 Qtrs
Agent fees and commissions	`AgentFeesAndCommissions`	$14.52M	USD	2 Qtrs
Agent fees and commissions	`AgentFeesAndCommissions`	$584.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$19.08M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.85M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$24.91M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$9.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.91M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.47M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$934.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$101.38M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$60.84M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$69.44M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$34.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$40.68M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$15.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.96M	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$83.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$69.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$77.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$48.00K	USD	2 Qtrs
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$45.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$23.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$152.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$269.00K	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$60.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$84.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$36.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$95.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$174.00K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$263.00K	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.13M	USD	2 Qtrs
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.81M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.95M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$40.94M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$16.05M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.18M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.80M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.33M	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.26	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.49	USD	2 Qtrs
Basic earnings per common share	`EarningsPerShareBasic`	$0.67	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.49	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.67	USD	2 Qtrs
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	36.89M	shares	2 Qtrs
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.48M	shares	2 Qtrs
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	36.90M	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.43M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.06M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.61M	shares	2 Qtrs
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.58M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.04M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.39M	USD	1 Quarter
Net income	`NetIncomeLoss`	$24.89M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$9.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.33M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.94M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.29M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$2.73M	USD	2 Qtrs
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$4.64M	USD	2 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$2.43M	USD	2 Qtrs
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$1.82M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-19.00K	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$8.00K	USD	2 Qtrs
Restricted investments	`IncreaseDecreaseInRestrictedInvestmentsForOperatingActivities`	$-289.00K	USD	2 Qtrs
Restricted investments	`IncreaseDecreaseInRestrictedInvestmentsForOperatingActivities`	$1.04M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$52.51M	USD	2 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$62.74M	USD	2 Qtrs
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$-240.00K	USD	2 Qtrs
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$-169.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$66.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.98M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$520.00K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-305.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$36.31M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$31.08M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.94M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$8.45M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-441.00K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.97M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.01M	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$720.00K	USD	2 Qtrs
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$214.00K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.28M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.05M	USD	2 Qtrs
Cash used in acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$90.91M	USD	2 Qtrs
Cash used in acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.33M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-105.98M	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$14.00K	USD	2 Qtrs
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$26.00K	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.48M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$12.37M	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$154.00K	USD	2 Qtrs
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$584.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-867.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.20M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$11.00K	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.49M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-96.86M	USD	2 Qtrs
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$128.36M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$18.28M	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`	$115.14M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$128.36M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$18.28M	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`	$115.14M	USD	Point-in-time
Interest	`InterestPaid`	$26.00K	USD	2 Qtrs
Interest	`InterestPaid`	$83.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$7.53M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.30M	USD	2 Qtrs

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