40-F Filing

STUDENT TRANSPORTATION INC. CIK: 1419465 FY 2016

Filing Information

Form Type	40-F
Accession Number	`0001193125-16-723463`
Period End Date	20160630
Filing Date	20160928
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	stb-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 45 Cash Flow Statement 76 Stockholders Equity 18 Comprehensive Income 8

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$109.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$126.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $109 and $126 at June 30, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$55.27M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $109 and $126 at June 30, 2016 and 2015, respectively	`AccountsReceivableNetCurrent`	$63.02M	USD	Point-in-time
Inventory	`InventoryNet`	$4.15M	USD	Point-in-time
Inventory	`InventoryNet`	$4.42M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.33M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$9.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.44M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$77.92M	USD	Point-in-time
Investment in investee	`EquityMethodInvestments`	$1.78M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.38M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$21.22M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$228.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$231.30M	USD	Point-in-time
Oil and gas interests, net	`OilAndGasPropertyFullCostMethodNet`	$7.71M	USD	Point-in-time
Oil and gas interests, net	`OilAndGasPropertyFullCostMethodNet`	$5.40M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$58.73M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$61.90M	USD	Point-in-time
Goodwill	`Goodwill`	$141.67M	USD	Point-in-time
Goodwill	`Goodwill`	$139.16M	USD	Point-in-time
Goodwill	`Goodwill`	$134.94M	USD	Point-in-time
Total assets	`Assets`	$535.93M	USD	Point-in-time
Total assets	`Assets`	$548.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$67.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$55.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.21M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$272.82M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$204.94M	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$575.00K	USD	Point-in-time
Asset retirement obligation	`AssetRetirementObligationsNoncurrent`	$527.00K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$42.08M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$41.56M	USD	Point-in-time
Class B Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.77M	USD	Point-in-time
Class B Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$1.99M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$17.43M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$402.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$336.12M	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$517.56M	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$496.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-315.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.12M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$145.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$159.04M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$199.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$548.33M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$535.93M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$600.19M	USD	Annual
Revenues	`Revenues`	$554.75M	USD	Annual
Cost of operations	`CostOfRevenue`	$427.54M	USD	Annual
Cost of operations	`CostOfRevenue`	$457.74M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$61.90M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$54.75M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$4.17M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.97M	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$192.00K	USD	Annual
Acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$3.00K	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$47.76M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$48.01M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.37M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.15M	USD	Annual
Impairment of oil and gas assets	`ImpairmentOfOilAndGasProperties`	$1.64M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$576.60M	USD	Annual
Total operating expenses	`CostsAndExpenses`	$537.59M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$17.16M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$23.60M	USD	Annual
Interest expense	`InterestExpense`	$14.51M	USD	Annual
Interest expense	`InterestExpense`	$17.41M	USD	Annual
Foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$136.00K	USD	Annual
Foreign currency loss (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.15M	USD	Annual
Unrealized gain on foreign currency exchange contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$83.00K	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$-177.00K	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$231.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$1.13M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$3.48M	USD	Annual
Income before income taxes and equity in net (loss) income of unconsolidated investment	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.68M	USD	Annual
Income before income taxes and equity in net (loss) income of unconsolidated investment	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.89M	USD	Annual
Equity in net (loss) income of unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$58.00K	USD	Annual
Equity in net (loss) income of unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$-11.00K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$2.84M	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$84.00K	USD	Annual
Net income	`NetIncomeLoss`	$3.65M	USD	Annual
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	87.35M	shares	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.50M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.10M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	108.82M	shares	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.04	USD	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.06	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.44	USD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	0.42	CAD	Annual
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.11	USD	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.65M	USD	Annual
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$282.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.28M	USD	Annual
Unrealized gain on forward contracts	`GainLossOnDerivativeInstrumentsNetPretax`	$83.00K	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$-177.00K	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$231.00K	USD	Annual
Unrealized foreign currency (gain) loss	`ForeignCurrencyTranslationGainLossUnrealized`	$431.00K	USD	Annual
Unrealized foreign currency (gain) loss	`ForeignCurrencyTranslationGainLossUnrealized`	$-79.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.87M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.45M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$4.17M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.97M	USD	Annual
Equity in net loss (income) from unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$58.00K	USD	Annual
Equity in net loss (income) from unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$-11.00K	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.93M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.04M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$47.76M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$48.01M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.37M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.15M	USD	Annual
Impairment of oil and gas assets	`ImpairmentOfOilAndGasProperties`	$1.64M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.80M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.88M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.95M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.58M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$673.00K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.74M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-4.18M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$9.86M	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-1.75M	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$37.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$68.17M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$49.72M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$391.00K	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.18M	USD	Annual
Equity investment	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$1.72M	USD	Annual
Payments on seller debt	`RepaymentsOfOtherDebt`	$200.00K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.02M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$33.47M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.08M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.25M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-70.95M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-33.70M	USD	Annual
Offering of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$65.74M	USD	Annual
Offering of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$69.10M	USD	Point-in-time
Offering of common shares, net of expenses	`ProceedsFromIssuanceOfCommonStock`	86.30M	CAD	Point-in-time
Redemption of Cdn$ 6.75% Convertible Debentures	`RepaymentsOfConvertibleDebt`	$40.08M	USD	Annual
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$2.01M	USD	Annual
Redemption of Class B Series Two and Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$651.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.80M	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$848.00K	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$618.00K	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$134.00K	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$33.66M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$37.87M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$181.50M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$220.52M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$190.45M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$150.53M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.54M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-20.42M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.13M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-329.00K	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.53M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.43M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.86M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	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`	$7.76M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$13.54M	USD	Annual
Cash paid for interest	`InterestPaid`	$15.59M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.04M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.08M	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$145.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$199.81M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.65M	USD	Annual
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Dividends	`DividendsCommonStock`	$41.51M	USD	Annual
Dividends	`DividendsCommonStock`	$42.35M	USD	Annual
Common stock issuance (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	11.98M	shares	Point-in-time
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$75.20M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$5.23M	USD	Annual
Conversion of debt to common stock	`ConversionOfConvertibleDebenturesIntoCommonStockValue`	$108.00K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$848.00K	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$25.80M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$5.00M	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.13M	USD	Annual
Balance	`StockholdersEquity`	$145.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$159.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$199.81M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income:	`NetIncomeLoss`	$3.65M	USD	Annual
Net income:	`NetIncomeLoss`	$6.04M	USD	Annual
Unrealized gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.00M	USD	Annual
Unrealized gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.13M	USD	Annual
Other comprehensive income:	`OtherComprehensiveIncomeLossNetOfTax`	$5.00M	USD	Annual
Other comprehensive income:	`OtherComprehensiveIncomeLossNetOfTax`	$2.13M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.17M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.66M	USD	Annual

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