40-F Filing

STUDENT TRANSPORTATION INC. CIK: 1419465 FY 2013

Filing Information

Form Type	40-F
Accession Number	`0001193125-13-374477`
Period End Date	20130630
Filing Date	20130923
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	stb-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 44 Cash Flow Statement 75 Stockholders Equity 21 Comprehensive Income 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$145.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$172.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $172 and $145 at June 30, 2013 and 2012, respectively	`AccountsReceivableNetCurrent`	$40.97M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $172 and $145 at June 30, 2013 and 2012, respectively	`AccountsReceivableNetCurrent`	$35.48M	USD	Point-in-time
Inventory	`InventoryNet`	$3.29M	USD	Point-in-time
Inventory	`InventoryNet`	$3.30M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.77M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.37M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$219.51M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$217.80M	USD	Point-in-time
Oil and gas interests, net	`OilAndGasPropertyFullCostMethodNet`	$7.47M	USD	Point-in-time
Oil and gas interests, net	`OilAndGasPropertyFullCostMethodNet`	$7.22M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$69.81M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$74.59M	USD	Point-in-time
Goodwill	`Goodwill`	$142.69M	USD	Point-in-time
Goodwill	`Goodwill`	$138.31M	USD	Point-in-time
Goodwill	`Goodwill`	$125.75M	USD	Point-in-time
Total assets	`Assets`	$512.83M	USD	Point-in-time
Total assets	`Assets`	$521.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$963.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.72M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$39.41M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$37.54M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$575.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.14M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$220.24M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$215.42M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$551.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$516.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$40.33M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$42.71M	USD	Point-in-time
Class B-Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$3.23M	USD	Point-in-time
Class B-Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.39M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.03M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$313.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$318.34M	USD	Point-in-time
Paid in Share Capital	`CommonStockValue`	$404.86M	USD	Point-in-time
Paid in Share Capital	`CommonStockValue`	$434.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-191.32M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-231.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.72M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.48M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$207.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$156.54M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$512.83M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$521.80M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$368.99M	USD	Annual
Revenues	`Revenues`	$423.69M	USD	Annual
Cost of operations	`CostOfRevenue`	$315.03M	USD	Annual
Cost of operations	`CostOfRevenue`	$271.23M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$42.35M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$38.45M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.33M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.62M	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$886.00K	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$37.15M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$41.86M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$4.19M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.44M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$406.75M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$354.77M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$16.93M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$14.21M	USD	Annual
Interest expense	`InterestExpense`	$14.34M	USD	Annual
Interest expense	`InterestExpense`	$15.33M	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$183.00K	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$929.00K	USD	Annual
Unrealized loss on foreign currency exchange contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.78M	USD	Annual
Unrealized loss on foreign currency exchange contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-656.00K	USD	Annual
Unrealized re-measurement (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$123.00K	USD	Annual
Unrealized re-measurement (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.00M	USD	Annual
Non-cash (gain) loss on 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.14M	USD	Annual
Non-cash (gain) loss on 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-972.00K	USD	Annual
Gain on bargain purchase of businesses acquired	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$6.92M	USD	Annual
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-827.00K	USD	Annual
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$2.72M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.10M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$162.00K	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-2.09M	USD	Annual
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$2.23M	USD	Annual
Net income	`NetIncomeLoss`	$2.25M	USD	Annual
Net income	`NetIncomeLoss`	$3.87M	USD	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	79.43M	shares	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	66.14M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.02M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.13M	shares	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.05	USD	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.03	USD	Annual
Dividends declared per common share (Cdn$)	`CommonStockDividendsPerShareDeclared`	0.56	CAD	Annual
Dividends declared per common share (Cdn$)	`CommonStockDividendsPerShareDeclared`	0.56	CAD	Annual

Cash Flow Statement 75 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.25M	USD	Annual
Net income	`NetIncomeLoss`	$3.87M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.01M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.34M	USD	Annual
Unrealized loss on forward contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.78M	USD	Annual
Unrealized loss on forward contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-656.00K	USD	Annual
Non-cash (gain) loss on 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.14M	USD	Annual
Non-cash (gain) loss on 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$-972.00K	USD	Annual
Unrealized re-measurement (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$123.00K	USD	Annual
Unrealized re-measurement (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-3.00M	USD	Annual
Unrealized foreign currency (gain)	`ForeignCurrencyTranslationGainLossUnrealized`	$720.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.72M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.17M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.33M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.62M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.50M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$642.00K	USD	Annual
Gain on bargain purchase of businesses acquired	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$6.92M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$37.15M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$41.86M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$4.19M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.44M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.72M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.58M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$7.92M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.25M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.02M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$790.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$223.00K	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.80M	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$41.00K	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-44.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.10M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.91M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$60.93M	USD	Annual
Payments on seller debt	`RepaymentsOfOtherDebt`	$900.00K	USD	Annual
Payments on seller debt	`RepaymentsOfOtherDebt`	$430.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.84M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$48.62M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$999.00K	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.85M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.42M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.45M	USD	Annual
Offering of common shares , net of expenses	`ProceedsFromRepurchaseOfEquity`	70.50M	CAD	Point-in-time
Offering of common shares , net of expenses	`ProceedsFromRepurchaseOfEquity`	$79.61M	USD	Annual
Offering of common shares , net of expenses	`ProceedsFromRepurchaseOfEquity`	$71.10M	USD	Point-in-time
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$1.54M	USD	Annual
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$1.53M	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$791.00K	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$774.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.52M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$615.00K	USD	Annual
Redemption of 7.5% Convertible Debentures	`RepaymentsOfConvertibleDebt`	$289.00K	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$34.55M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$28.30M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$202.51M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$139.89M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$175.25M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$110.82M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.62M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$75.65M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$193.00K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-147.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.30M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.92M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$13.78M	USD	Annual
Cash paid for interest	`InterestPaid`	$12.34M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.29M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.79M	USD	Annual

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$194.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.54M	USD	Point-in-time
Net income	`NetIncomeLoss`	$2.25M	USD	Annual
Net income	`NetIncomeLoss`	$3.87M	USD	Annual
Dividends	`DividendsCommonStock`	$44.40M	USD	Annual
Dividends	`DividendsCommonStock`	$43.86M	USD	Annual
Common stock issuance (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	10.95M	shares	Point-in-time
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$87.75M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$9.47M	USD	Annual
Conversion of debt to common stock	`ConversionOfConvertibleDebenturesIntoCommonStockValue`	$22.43M	USD	Annual
Conversion of debt to common stock	`ConversionOfConvertibleDebenturesIntoCommonStockValue`	$3.35M	USD	Annual
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	401,076.00	shares	Annual
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	96,300.00	shares	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$615.00K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.52M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.18M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$2.39M	USD	Annual
Balance	`StockholdersEquity`	$194.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$156.54M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income:	`NetIncomeLoss`	$2.25M	USD	Annual
Net income:	`NetIncomeLoss`	$3.87M	USD	Annual
Unrealized (loss) gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.39M	USD	Annual
Unrealized (loss) gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.18M	USD	Annual
Other comprehensive (loss) income:	`OtherComprehensiveIncomeLossNetOfTax`	$-2.18M	USD	Annual
Other comprehensive (loss) income:	`OtherComprehensiveIncomeLossNetOfTax`	$2.39M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.69M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.64M	USD	Annual

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