10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-224181 |
| Period End Date | 20120331 |
| Filing Date | 20120510 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | rusha-20120331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
70 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$168.98M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$101.33M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$90.29M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$98.16M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$808.13M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$649.63M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$12.16M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$6.44M | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$12.29M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$11.90M | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$980.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.08B | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Investments |
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
$6.63M | 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 |
| Investments |
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
$6.63M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$516.45M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$499.67M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$182.61M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$182.65M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$48.38M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$48.79M | USD | Point-in-time |
| Total assets |
Assets
|
$1.83B | USD | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
1.64M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
1.64M | shares | Point-in-time |
| Total assets |
Assets
|
$1.72B | USD | Point-in-time |
| Floor plan notes payable |
NotesPayableCurrent
|
$628.58M | USD | Point-in-time |
| Floor plan notes payable |
NotesPayableCurrent
|
$520.69M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$63.47M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$66.78M | USD | Point-in-time |
| Current maturities of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$10.00M | USD | Point-in-time |
| Current maturities of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$10.06M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$62.30M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$70.60M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$134.28M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$97.79M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$873.75M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$790.79M | USD | Point-in-time |
| Long-term debt, net of current maturities |
LongTermDebtNoncurrent
|
$264.82M | USD | Point-in-time |
| Long-term debt, net of current maturities |
LongTermDebtNoncurrent
|
$275.25M | USD | Point-in-time |
| Capital lease obligations, net of current maturities |
CapitalLeaseObligationsNoncurrent
|
$35.50M | USD | Point-in-time |
| Capital lease obligations, net of current maturities |
CapitalLeaseObligationsNoncurrent
|
$34.25M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.22M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.23M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$93.50M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$93.12M | USD | Point-in-time |
| Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2012 and 2011 |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2012 and 2011 |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 27,838,478 class A shares and 10,792,223 class B shares outstanding in 2012; and 27,406,424 class A shares and 10,776,697 class B shares outstanding in 2011 |
CommonStockValue
|
$402.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 27,838,478 class A shares and 10,792,223 class B shares outstanding in 2012; and 27,406,424 class A shares and 10,776,697 class B shares outstanding in 2011 |
CommonStockValue
|
$398.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$208.57M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$217.10M | USD | Point-in-time |
| Treasury stock, at cost: 1,639,843 class B shares |
TreasuryStockValue
|
$17.95M | USD | Point-in-time |
| Treasury stock, at cost: 1,639,843 class B shares |
TreasuryStockValue
|
$17.95M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$342.16M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$358.07M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.95M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.95M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$555.67M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$531.23M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.72B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$1.83B | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| New and used commercial vehicle sales |
SalesRevenueGoodsNet
|
$551.93M | USD | 1 Quarter |
| New and used commercial vehicle sales |
SalesRevenueGoodsNet
|
$277.53M | USD | 1 Quarter |
| Parts and service sales |
PartsAndServiceSales
|
$145.56M | USD | 1 Quarter |
| Parts and service sales |
PartsAndServiceSales
|
$196.65M | USD | 1 Quarter |
| Lease and rental |
OperatingLeasesIncomeStatementLeaseRevenue
|
$23.48M | USD | 1 Quarter |
| Lease and rental |
OperatingLeasesIncomeStatementLeaseRevenue
|
$18.98M | USD | 1 Quarter |
| Finance and insurance |
FinancialServicesRevenue
|
$1.97M | USD | 1 Quarter |
| Finance and insurance |
FinancialServicesRevenue
|
$3.14M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$2.14M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$2.06M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$777.33M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$446.10M | USD | 1 Quarter |
| New and used commercial vehicle sales |
CostOfGoodsSold
|
$510.81M | USD | 1 Quarter |
| New and used commercial vehicle sales |
CostOfGoodsSold
|
$258.90M | USD | 1 Quarter |
| Parts and service sales |
PartsAndServiceSalesCostOfProductsSold
|
$88.71M | USD | 1 Quarter |
| Parts and service sales |
PartsAndServiceSalesCostOfProductsSold
|
$118.26M | USD | 1 Quarter |
| Lease and rental |
LeaseAndRentalExpense
|
$20.01M | USD | 1 Quarter |
| Lease and rental |
LeaseAndRentalExpense
|
$16.10M | USD | 1 Quarter |
| Total cost of products sold |
CostOfRevenue
|
$649.07M | USD | 1 Quarter |
| Total cost of products sold |
CostOfRevenue
|
$363.71M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$82.39M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$128.26M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$65.35M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$93.02M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$5.88M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$4.18M | USD | 1 Quarter |
| Gain (loss) on sale of assets |
GainLossOnDispositionOfAssets
|
$-43.00K | USD | 1 Quarter |
| Gain (loss) on sale of assets |
GainLossOnDispositionOfAssets
|
$19.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$29.38M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$12.82M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-1.20M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-3.30M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$11.62M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$26.08M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$10.17M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$4.35M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.91M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.27M | USD | 1 Quarter |
| Earnings per common share-Basic |
EarningsPerShareBasic
|
$0.41 | USD | 1 Quarter |
| Earnings per common share-Basic |
EarningsPerShareBasic
|
$0.19 | USD | 1 Quarter |
| Earnings per common share-Diluted |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Earnings per common share-Diluted |
EarningsPerShareDiluted
|
$0.19 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
38.39M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
37.62M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
38.81M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
39.61M | shares | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$15.90M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$7.34M | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$15.91M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$7.27M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$16.64M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$12.65M | USD | 1 Quarter |
| (Gain) loss on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$19.00K | USD | 1 Quarter |
| (Gain) loss on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-43.00K | USD | 1 Quarter |
| Stock-based compensation expense related to employee stock options and employee stock purchases |
ShareBasedCompensation
|
$2.56M | USD | 1 Quarter |
| Stock-based compensation expense related to employee stock options and employee stock purchases |
ShareBasedCompensation
|
$3.12M | USD | 1 Quarter |
| Provision for deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$756.00K | USD | 1 Quarter |
| Provision for deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$994.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$745.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.51M | USD | 1 Quarter |
| Change in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$9.79M | USD | 1 Quarter |
| Change in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-7.87M | USD | 1 Quarter |
| Change in inventories |
IncreaseDecreaseInInventories
|
$152.01M | USD | 1 Quarter |
| Change in inventories |
IncreaseDecreaseInInventories
|
$29.94M | USD | 1 Quarter |
| Change in prepaid expenses and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-4.56M | USD | 1 Quarter |
| Change in prepaid expenses and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-5.71M | USD | 1 Quarter |
| Change in trade accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$8.30M | USD | 1 Quarter |
| Change in trade accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$4.72M | USD | 1 Quarter |
| Change in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-34.97M | USD | 1 Quarter |
| Change in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-9.65M | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-130.21M | USD | 1 Quarter |
| Net cash (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-17.33M | USD | 1 Quarter |
| Acquisition of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$34.26M | USD | 1 Quarter |
| Acquisition of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$38.01M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$61.00K | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$8.06M | USD | 1 Quarter |
| Business acquisitions |
PaymentsToAcquireBusinessesGross
|
$36.00K | USD | 1 Quarter |
| Business acquisitions |
PaymentsToAcquireBusinessesGross
|
$60.02M | USD | 1 Quarter |
| Change in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$461.00K | USD | 1 Quarter |
| Change in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$-372.00K | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-38.45M | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-85.84M | USD | 1 Quarter |
| Draws on floor plan notes payable, net |
ProceedsFromRepaymentsOfNotesPayable
|
$46.08M | USD | 1 Quarter |
| Draws on floor plan notes payable, net |
ProceedsFromRepaymentsOfNotesPayable
|
$107.89M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$11.71M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$31.23M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$18.76M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$17.49M | USD | 1 Quarter |
| Principal payments on capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$5.48M | USD | 1 Quarter |
| Principal payments on capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$2.38M | USD | 1 Quarter |
| Issuance of shares relating to employee stock options and employee stock purchases |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$1.24M | USD | 1 Quarter |
| Issuance of shares relating to employee stock options and employee stock purchases |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$3.90M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.51M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$745.00K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$124.67M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$35.53M | USD | 1 Quarter |
| NET (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-43.98M | USD | 1 Quarter |
| NET (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-67.65M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$168.98M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$101.33M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$168.98M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$101.33M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Interest |
InterestPaid
|
$3.04M | USD | 1 Quarter |
| Interest |
InterestPaid
|
$5.43M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$265.00K | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$-1.94M | USD | 1 Quarter |
| Assets acquired under capital leases |
FairValueOfAssetsAcquired
|
$1.07M | USD | 1 Quarter |
| Assets acquired under capital leases |
FairValueOfAssetsAcquired
|
$5.78M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.