40-F Filing

STUDENT TRANSPORTATION INC. CIK: 1419465 FY 2014

Filing Information

Form Type	40-F
Accession Number	`0001193125-14-353312`
Period End Date	20140630
Filing Date	20140925
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	stb-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 43 Cash Flow Statement 71 Stockholders Equity 19 Comprehensive Income 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$172.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$152.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $152 and $172 at June 30, 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$44.03M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $152 and $172 at June 30, 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$40.97M	USD	Point-in-time
Inventory	`InventoryNet`	$3.29M	USD	Point-in-time
Inventory	`InventoryNet`	$3.86M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$7.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.62M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.48M	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`	$76.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$17.06M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$231.35M	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`	$7.87M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$67.72M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$69.81M	USD	Point-in-time
Goodwill	`Goodwill`	$142.69M	USD	Point-in-time
Goodwill	`Goodwill`	$139.16M	USD	Point-in-time
Goodwill	`Goodwill`	$138.31M	USD	Point-in-time
Total assets	`Assets`	$512.83M	USD	Point-in-time
Total assets	`Assets`	$543.84M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$39.41M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$48.68M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$200.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$41.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$50.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$273.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$220.24M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$551.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$438.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$41.52M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$40.33M	USD	Point-in-time
Class B-Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.39M	USD	Point-in-time
Class B-Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.73M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$15.67M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$13.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$318.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$384.80M	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$443.10M	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$434.24M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-276.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-231.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$207.82M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$194.48M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$159.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$543.84M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$512.83M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$423.69M	USD	Annual
Revenues	`Revenues`	$489.50M	USD	Annual
Cost of operations	`CostOfRevenue`	$315.03M	USD	Annual
Cost of operations	`CostOfRevenue`	$373.06M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$42.35M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$46.67M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.94M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.33M	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$282.00K	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$46.44M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$41.86M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.57M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$4.19M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$473.97M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$406.75M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$15.53M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$16.93M	USD	Annual
Interest expense	`InterestExpense`	$16.64M	USD	Annual
Interest expense	`InterestExpense`	$14.34M	USD	Annual
Foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$183.00K	USD	Annual
Foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-424.00K	USD	Annual
Unrealized (gain) loss on foreign currency exchange contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$737.00K	USD	Annual
Unrealized (gain) loss on foreign currency exchange contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-656.00K	USD	Annual
Unrealized re-measurement gain	`ForeignCurrencyTransactionGainLossUnrealized`	$123.00K	USD	Annual
Non-cash gain on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$714.00K	USD	Annual
Non-cash gain on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.14M	USD	Annual
Gain on bargain purchase of business acquired, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$2.76M	USD	Annual
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.72M	USD	Annual
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.65M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.10M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.02M	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-395.00K	USD	Annual
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$2.23M	USD	Annual
Net income	`NetIncomeLoss`	$1.42M	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`	82.10M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	100.55M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.02M	shares	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.02	USD	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.05	USD	Annual
Dividends declared per common share (Cdn$)	`CommonStockDividendsPerShareDeclared`	0.56	CAD	Annual
Dividends declared per common share (Cdn$)	`CommonStockDividendsPerShareDeclared`	0.61	CAD	Annual

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.42M	USD	Annual
Net income	`NetIncomeLoss`	$3.87M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$112.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.01M	USD	Annual
Unrealized loss on forward contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$737.00K	USD	Annual
Unrealized loss on forward contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$-656.00K	USD	Annual
Non-cash gain on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$714.00K	USD	Annual
Non-cash gain on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$1.14M	USD	Annual
Unrealized re-measurement gain	`ForeignCurrencyTransactionGainLossUnrealized`	$123.00K	USD	Annual
Unrealized foreign currency loss (gain)	`ForeignCurrencyTranslationGainLossUnrealized`	$-431.00K	USD	Annual
Unrealized foreign currency loss (gain)	`ForeignCurrencyTranslationGainLossUnrealized`	$720.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.64M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.17M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.94M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.33M	USD	Annual
Gain on bargain purchase of businesses acquired, net of tax	`BusinessCombinationBargainPurchaseGainRecognizedAmount`	$2.76M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.50M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$532.00K	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$46.44M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$41.86M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.57M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$4.19M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.72M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.16M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$9.54M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.25M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-60.00K	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`	$3.85M	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$41.00K	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.51M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$46.41M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$52.10M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.76M	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`	$37.79M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.15M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.85M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-59.40M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-39.42M	USD	Annual
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$1.27M	USD	Annual
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$1.54M	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$791.00K	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$3.56M	USD	Annual
Cdn$ 6.25% Convertible Debenture Offering	`ProceedsFromConvertibleDebt`	$71.44M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.52M	USD	Annual
Redemption of 7.5% Convertible Debentures	`RepaymentsOfConvertibleDebt`	$289.00K	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$34.15M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$34.55M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$139.89M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$164.15M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$179.71M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$110.82M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$16.91M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-10.62M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.00K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-147.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.92M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.93M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.93M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$12.34M	USD	Annual
Cash paid for interest	`InterestPaid`	$14.76M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.29M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.59M	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$207.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$194.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.04M	USD	Point-in-time
Net income	`NetIncomeLoss`	$1.42M	USD	Annual
Net income	`NetIncomeLoss`	$3.87M	USD	Annual
Dividends	`DividendsCommonStock`	$46.51M	USD	Annual
Dividends	`DividendsCommonStock`	$44.40M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$9.47M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$8.86M	USD	Annual
Conversion of debt to common stock	`ConversionOfConvertibleDebenturesIntoCommonStockValue`	$22.43M	USD	Annual
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	0.00	shares	Annual
Repurchase of common stock (in shares)	`StockRepurchasedAndRetiredDuringPeriodShares`	401,076.00	shares	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.52M	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$782.00K	USD	Annual
Other comprehensive (loss) income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.18M	USD	Annual
Balance	`StockholdersEquity`	$207.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$194.48M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.04M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income :	`NetIncomeLoss`	$1.42M	USD	Annual
Net income :	`NetIncomeLoss`	$3.87M	USD	Annual
Unrealized gain (loss) on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.18M	USD	Annual
Unrealized gain (loss) on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$782.00K	USD	Annual
Other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTax`	$782.00K	USD	Annual
Other comprehensive income (loss):	`OtherComprehensiveIncomeLossNetOfTax`	$-2.18M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.20M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.69M	USD	Annual

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