40-F Filing

STUDENT TRANSPORTATION INC. CIK: 1419465 FY 2017

Filing Information

Form Type	40-F
Accession Number	`0001193125-17-297942`
Period End Date	20170630
Filing Date	20170928
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	stb-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 42 Cash Flow Statement 73 Stockholders Equity 17 Comprehensive Income 8

Balance Sheet 71 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`	$264.00K	USD	Point-in-time
Preferred shares, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred shares, no par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.76M	USD	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Preferred shares, shares authorized	`PreferredStockSharesAuthorized`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.33M	USD	Point-in-time
Preferred shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $264 and $109 at June 30, 2017 and 2016, respectively	`AccountsReceivableNetCurrent`	$63.02M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $264 and $109 at June 30, 2017 and 2016, respectively	`AccountsReceivableNetCurrent`	$68.75M	USD	Point-in-time
Preferred shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Inventory	`InventoryNet`	$4.42M	USD	Point-in-time
Inventory	`InventoryNet`	$4.56M	USD	Point-in-time
Common shares, no par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares shares authorized	`CommonStockSharesAuthorized`	0.00	shares	Point-in-time
Common shares shares authorized	`CommonStockSharesAuthorized`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$16.98M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$14.33M	USD	Point-in-time
Common shares issued	`CommonStockSharesIssued`	94.63M	shares	Point-in-time
Common shares issued	`CommonStockSharesIssued`	91.90M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.22M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$92.74M	USD	Point-in-time
Common shares outstanding	`CommonStockSharesOutstanding`	94.63M	shares	Point-in-time
Common shares outstanding	`CommonStockSharesOutstanding`	91.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$105.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$18.07M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.50M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$231.20M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$228.57M	USD	Point-in-time
Oil and gas interests, net	`OilAndGasPropertyFullCostMethodNet`	$5.40M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$55.52M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$58.73M	USD	Point-in-time
Goodwill	`Goodwill`	$141.45M	USD	Point-in-time
Goodwill	`Goodwill`	$141.67M	USD	Point-in-time
Goodwill	`Goodwill`	$134.94M	USD	Point-in-time
Total assets	`Assets`	$545.18M	USD	Point-in-time
Total assets	`Assets`	$553.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$70.47M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$55.26M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$64.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.57M	USD	Point-in-time
Long-term debt , net	`LongTermDebtNoncurrent`	$269.67M	USD	Point-in-time
Long-term debt , net	`LongTermDebtNoncurrent`	$291.35M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$43.87M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesNoncurrent`	$42.08M	USD	Point-in-time
Class B Series Three common share liability	`DeferredCompensationSharebasedArrangementsLiabilityClassifiedNoncurrent`	$2.77M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.58M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$20.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$427.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$399.28M	USD	Point-in-time
Preferred shares, no par value, unlimited shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, no par value, unlimited shares authorized, none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares, no par value, unlimited shares authorized, 94,631,743 and 91,903,515 issued and outstanding at June 30, 2017 and 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Common shares, no par value, unlimited shares authorized, 94,631,743 and 91,903,515 issued and outstanding at June 30, 2017 and 2016, respectively	`CommonStockValue`	-	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$512.17M	USD	Point-in-time
Paid in Share Capital	`AdditionalPaidInCapitalCommonStock`	$496.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-385.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-351.11M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$189.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$13.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$126.45M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$145.90M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$199.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$553.81M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$545.18M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$637.32M	USD	Annual
Revenues	`Revenues`	$600.19M	USD	Annual
Cost of operations	`CostOfRevenue`	$457.74M	USD	Annual
Cost of operations	`CostOfRevenue`	$485.09M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$68.04M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$61.90M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.97M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$5.80M	USD	Annual
Acquisition expense	`BusinessCombinationAcquisitionRelatedCosts`	$192.00K	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$47.26M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$48.01M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.14M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.15M	USD	Annual
Impairment of oil and gas assets	`ImpairmentOfOilAndGasProperties`	$224.00K	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`	$609.55M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$23.60M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$27.77M	USD	Annual
Interest expense	`InterestExpense`	$17.75M	USD	Annual
Interest expense	`InterestExpense`	$14.51M	USD	Annual
Foreign currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-30.00K	USD	Annual
Foreign currency loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.15M	USD	Annual
Non-cash (gain) loss on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$190.00K	USD	Annual
Non-cash (gain) loss on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$-177.00K	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$1.13M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$946.00K	USD	Annual
Income before income taxes and equity in net loss of unconsolidated investment	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.89M	USD	Annual
Income before income taxes and equity in net loss of unconsolidated investment	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$11.13M	USD	Annual
Equity in net loss of unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$-11.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$2.84M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$4.67M	USD	Annual
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Net income	`NetIncomeLoss`	$6.46M	USD	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.50M	shares	Annual
Weighted average number of shares outstanding-basic	`WeightedAverageNumberOfSharesOutstandingBasic`	92.94M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.10M	shares	Annual
Weighted average number of shares outstanding-diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.55M	shares	Annual
Basic and diluted net income per common share	`EarningsPerShareBasicAndDiluted`	$0.07	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`	$0.44	USD	Annual

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Net income	`NetIncomeLoss`	$6.46M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.18M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.28M	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$190.00K	USD	Annual
Non-cash loss (gain) on US$ 6.25% Convertible Debentures conversion feature	`DebtInstrumentConvertibleGainLossConversionFeature`	$-177.00K	USD	Annual
Unrealized foreign currency gain	`ForeignCurrencyTranslationGainLossUnrealized`	$431.00K	USD	Annual
Unrealized foreign currency gain	`ForeignCurrencyTranslationGainLossUnrealized`	$-2.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$2.63M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.45M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$3.97M	USD	Annual
Non-cash stock compensation	`ShareBasedCompensation`	$5.80M	USD	Annual
Equity in net loss from unconsolidated investment	`IncomeLossFromEquityMethodInvestments`	$-11.00K	USD	Annual
Loss on sale of oil and gas assets	`GainLossOnDispositionOfAssets1`	$-1.36M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.93M	USD	Annual
Gain on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$1.74M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$47.26M	USD	Annual
Depreciation and depletion expense	`DepreciationAndDepletion`	$48.01M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.14M	USD	Annual
Amortization expense	`OtherAmortizationOfDeferredCharges`	$3.15M	USD	Annual
Impairment of oil and gas assets	`ImpairmentOfOilAndGasProperties`	$224.00K	USD	Annual
Impairment of oil and gas assets	`ImpairmentOfOilAndGasProperties`	$1.64M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$5.75M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.80M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.48M	USD	Annual
Prepaid expenses, inventory and other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$4.95M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.84M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$6.74M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$9.86M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$8.64M	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$37.00K	USD	Annual
Changes in other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.82M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$55.86M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$68.17M	USD	Annual
Business acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.18M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.52M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.02M	USD	Annual
Proceeds from sale of oil and gas assets	`ProceedsFromSaleOfOilAndGasPropertyAndEquipment`	$2.73M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.25M	USD	Annual
Proceeds on sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.70M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-70.95M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-29.09M	USD	Annual
Issuance of Cdn$ 5.25% Convertible Debentures	`ProceedsFromConvertibleDebt`	$65.76M	USD	Annual
Redemption of Senior Secured Notes	`RepaymentsOfSeniorDebt`	$35.00M	USD	Annual
Redemption of US$ 6.25% Convertible Debentures	`RepaymentsOfConvertibleDebt`	$59.94M	USD	Annual
Redemption of Class B Series Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$2.46M	USD	Annual
Redemption of Class B Series Three common shares	`PaymentsForRepurchaseOfOtherEquity`	$651.00K	USD	Annual
STI/ Class B Series Three common shares exchange issuance fees	`PaymentsOfStockIssuanceCosts`	$119.00K	USD	Annual
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.80M	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$134.00K	USD	Annual
Financing fees	`PaymentsOfFinancingCosts`	$4.72M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$38.46M	USD	Annual
Common stock dividends	`PaymentsOfDividendsCommonStock`	$37.87M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$271.50M	USD	Annual
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$220.52M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$150.53M	USD	Annual
Payments on credit facility	`RepaymentsOfLinesOfCredit`	$219.34M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.54M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-22.77M	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-329.00K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-794.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.43M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.21M	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.96M	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`	$10.96M	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`	$16.61M	USD	Annual
Cash paid for interest	`InterestPaid`	$13.54M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$1.04M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$2.66M	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$126.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$145.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$199.81M	USD	Point-in-time
Net income	`NetIncomeLoss`	$6.04M	USD	Annual
Net income	`NetIncomeLoss`	$6.46M	USD	Annual
Dividends	`DividendsCommonStock`	$41.51M	USD	Annual
Dividends	`DividendsCommonStock`	$41.27M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$5.23M	USD	Annual
Common stock issuance	`StockIssuedDuringPeriodValueNewIssues`	$2.41M	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$25.80M	USD	Annual
Class B Share Exchange	`ExchangeOfClassSharesForValue`	$12.71M	USD	Annual
Conversion of debt to common stock	`ConversionOfConvertibleDebenturesIntoCommonStockValue`	$64.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$176.00K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$2.13M	USD	Annual
Balance	`StockholdersEquity`	$126.45M	USD	Point-in-time
Balance	`StockholdersEquity`	$145.90M	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`	$6.04M	USD	Annual
Net income :	`NetIncomeLoss`	$6.46M	USD	Annual
Unrealized gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$176.00K	USD	Annual
Unrealized gain on currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.13M	USD	Annual
Other comprehensive income :	`OtherComprehensiveIncomeLossNetOfTax`	$176.00K	USD	Annual
Other comprehensive income :	`OtherComprehensiveIncomeLossNetOfTax`	$2.13M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.17M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.64M	USD	Annual

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