10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-194214`
Period End Date	20120331
Filing Date	20120430
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	hubg-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 43 Cash Flow Statement 62

Balance Sheet 74 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
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`	$52.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.09M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$115.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$134.90M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$326.54M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$346.85M	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 other	`AccountsAndOtherReceivablesNetCurrent`	$23.88M	USD	Point-in-time
Purchase price in excess of predecessor basis, tax benefit	`PurchasePriceInExcessOfPredecessorBasisTaxBenefit`	$10.31M	USD	Point-in-time
Accounts receivable other	`AccountsAndOtherReceivablesNetCurrent`	$17.60M	USD	Point-in-time
Purchase price in excess of predecessor basis, tax benefit	`PurchasePriceInExcessOfPredecessorBasisTaxBenefit`	$10.31M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$2.39M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.36M	shares	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$149.00K	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.12M	shares	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$4.84M	USD	Point-in-time
Deferred taxes	`DeferredTaxAssetsNetCurrent`	$3.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.85M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.06M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$427.94M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$415.79M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$14.32M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$15.83M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$124.59M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$133.48M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$21.67M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$21.24M	USD	Point-in-time
Goodwill, net	`Goodwill`	$263.47M	USD	Point-in-time
Goodwill, net	`Goodwill`	$263.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.40M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$842.68M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$864.31M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$209.85M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$204.69M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$20.51M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$17.29M	USD	Point-in-time
Current portion of capital lease	`CapitalLeaseObligationsCurrent`	$2.25M	USD	Point-in-time
Current portion of capital lease	`CapitalLeaseObligationsCurrent`	$2.24M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$16.72M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$11.20M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$29.96M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$32.25M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$276.06M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$270.90M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$17.72M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$18.86M	USD	Point-in-time
Non-current portion of capital lease	`CapitalLeaseObligationsNoncurrent`	$23.44M	USD	Point-in-time
Non-current portion of capital lease	`CapitalLeaseObligationsNoncurrent`	$22.86M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$94.02M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$91.76M	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2012 and 2011	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2012 and 2011	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$162.72M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$168.80M	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`	$401.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$414.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	Point-in-time
Treasury stock; at cost, 4,123,940 shares in 2012 and 4,364,532 shares in 2011	`TreasuryStockValue`	$116.09M	USD	Point-in-time
Treasury stock; at cost, 4,123,940 shares in 2012 and 4,364,532 shares in 2011	`TreasuryStockValue`	$110.03M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$452.51M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$438.87M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$842.68M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$864.31M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$739.88M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$485.38M	USD	1 Quarter
Transportation costs	`CostOfServices`	$428.07M	USD	1 Quarter
Transportation costs	`CostOfServices`	$656.14M	USD	1 Quarter
Gross margin	`GrossProfit`	$83.74M	USD	1 Quarter
Gross margin	`GrossProfit`	$57.31M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$26.80M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$33.30M	USD	1 Quarter
Agent fees and commissions	`AgentFeesAndCommissions`	$751.00K	USD	1 Quarter
Agent fees and commissions	`AgentFeesAndCommissions`	$13.70M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.06M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$936.00K	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$61.23M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$40.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$22.51M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.76M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$307.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$32.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeInterestAndDividend`	$34.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-23.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$209.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$-296.00K	USD	1 Quarter
Total other (expense) income	`NonoperatingIncomeExpense`	$227.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.99M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.55M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.00K	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$13.66M	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$10.50M	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.37	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.28	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.28	USD	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	36.89M	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	37.04M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.14M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.02M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.66M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.63M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$1.27M	USD	1 Quarter
Deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$3.35M	USD	1 Quarter
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$1.64M	USD	1 Quarter
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$1.23M	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Loss (gain) on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$83.00K	USD	1 Quarter
Restricted investments	`IncreaseDecreaseInRestrictedInvestmentsForOperatingActivities`	$1.51M	USD	1 Quarter
Restricted investments	`IncreaseDecreaseInRestrictedInvestmentsForOperatingActivities`	$707.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$23.41M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$14.04M	USD	1 Quarter
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$-2.24M	USD	1 Quarter
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$-173.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.74M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.21M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-445.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.38M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$32.23M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$22.00K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-560.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$407.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.01M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.84M	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$68.00K	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$52.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.88M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.01M	USD	1 Quarter
Cash used in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$55.00K	USD	1 Quarter
Cash used in acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$150.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.87M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.11M	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$16.00K	USD	1 Quarter
Proceeds from stock options exercised	`ProceedsFromStockOptionsExercised`	$24.00K	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.45M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$1.67M	USD	1 Quarter
Capital lease payments	`RepaymentsOfDebtAndCapitalLeaseObligations`	$546.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$540.00K	USD	1 Quarter
Excess tax benefits from share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$74.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.12M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-883.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.76M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.60M	USD	1 Quarter
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.70M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.09M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$115.14M	USD	Point-in-time
Cash and cash equivalents beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$134.90M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$52.70M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.09M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$115.14M	USD	Point-in-time
Cash and cash equivalents end of period	`CashAndCashEquivalentsAtCarryingValue`	$134.90M	USD	Point-in-time
Interest	`InterestPaid`	$31.00K	USD	1 Quarter
Interest	`InterestPaid`	$333.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$1.33M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$472.00K	USD	1 Quarter

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