10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-13-005712 |
| Period End Date | 20130331 |
| Filing Date | 20130510 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | rusha-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
72 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$205.05M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$198.77M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
1.00M | shares | 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 |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$76.60M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$89.61M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$676.59M | USD | Point-in-time |
| Common stock, par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$690.95M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$12.09M | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssetsCurrent
|
$10.03M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$13.04M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxAssetsNetCurrent
|
$14.63M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.01B | 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 current assets |
AssetsCurrent
|
$981.30M | USD | Point-in-time |
| Investments |
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
$6.63M | USD | Point-in-time |
| Investments |
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
|
$6.63M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$627.26M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$622.11M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$198.28M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$198.26M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$47.84M | USD | Point-in-time |
| Other assets, net |
OtherAssetsNoncurrent
|
$48.51M | USD | Point-in-time |
| Total assets |
Assets
|
$1.86B | USD | Point-in-time |
| Total assets |
Assets
|
$1.88B | USD | Point-in-time |
| Total assets |
Assets
|
$1.83B | USD | Point-in-time |
| Floor plan notes payable |
FloorPlanNotesPayable
|
$498.26M | USD | Point-in-time |
| Floor plan notes payable |
FloorPlanNotesPayable
|
$534.52M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$80.03M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$80.52M | USD | Point-in-time |
| Current maturities of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$10.67M | USD | Point-in-time |
| Current maturities of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$10.20M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$62.27M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$80.77M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$64.62M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$100.95M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$734.38M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$788.45M | USD | Point-in-time |
| Long-term debt, net of current maturities |
LongTermDebtNoncurrent
|
$319.63M | USD | Point-in-time |
| Long-term debt, net of current maturities |
LongTermDebtNoncurrent
|
$326.97M | USD | Point-in-time |
| Capital lease obligations, net of current maturities |
CapitalLeaseObligationsNoncurrent
|
$38.97M | USD | Point-in-time |
| Capital lease obligations, net of current maturities |
CapitalLeaseObligationsNoncurrent
|
$39.30M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.88M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$2.48M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$125.23M | USD | Point-in-time |
| Deferred income taxes, net |
DeferredTaxLiabilitiesNoncurrent
|
$123.76M | USD | Point-in-time |
| Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2013 and 2012 |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2013 and 2012 |
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; 28,609,036 class A shares and 10,835,219 class B shares outstanding in 2013; and 27,999,068 class A shares and 10,792,223 class B shares outstanding in 2012 |
CommonStockValue
|
$411.00K | 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; 28,609,036 class A shares and 10,835,219 class B shares outstanding in 2013; and 27,999,068 class A shares and 10,792,223 class B shares outstanding in 2012 |
CommonStockValue
|
$404.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$222.63M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$233.85M | 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
|
$404.62M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$418.17M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.76M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.76M | USD | Point-in-time |
| Accumulated other comprehensive loss, net of tax |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.58M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$607.95M | USD | Point-in-time |
| Total shareholders equity |
StockholdersEquity
|
$632.89M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.88B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$1.86B | 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
|
$489.61M | USD | 1 Quarter |
| Parts and service sales |
PartsAndServiceSales
|
$231.48M | 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
|
$30.14M | USD | 1 Quarter |
| Finance and insurance |
FinanceAndInsuranceNet
|
$3.14M | USD | 1 Quarter |
| Finance and insurance |
FinanceAndInsuranceNet
|
$3.13M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$2.14M | USD | 1 Quarter |
| Other |
OtherOperatingIncome
|
$2.43M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$756.79M | USD | 1 Quarter |
| Total revenue |
Revenues
|
$777.33M | USD | 1 Quarter |
| New and used commercial vehicle sales |
CostOfGoodsSold
|
$452.57M | USD | 1 Quarter |
| New and used commercial vehicle sales |
CostOfGoodsSold
|
$510.81M | USD | 1 Quarter |
| Parts and service sales |
CostOfProductsSoldPartsAndServiceSales
|
$118.26M | USD | 1 Quarter |
| Parts and service sales |
CostOfProductsSoldPartsAndServiceSales
|
$145.71M | USD | 1 Quarter |
| Lease and rental |
LeaseAndRentalExpense
|
$24.71M | USD | 1 Quarter |
| Lease and rental |
LeaseAndRentalExpense
|
$20.01M | USD | 1 Quarter |
| Total cost of products sold |
CostOfRevenue
|
$649.07M | USD | 1 Quarter |
| Total cost of products sold |
CostOfRevenue
|
$623.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$128.26M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$133.79M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$102.11M | 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
|
$7.11M | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets
|
$19.00K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets
|
$41.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$29.38M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$24.61M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-2.51M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-3.30M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$22.10M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$26.08M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$8.55M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$10.17M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$13.55M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.91M | USD | 1 Quarter |
| Earnings per common share - Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.35 | USD | 1 Quarter |
| Earnings per common share - Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.41 | USD | 1 Quarter |
| Earnings per common share - Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.34 | USD | 1 Quarter |
| Earnings per common share - Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
39.12M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
38.39M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
39.61M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
40.27M | shares | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$15.90M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$13.72M | USD | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$13.55M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$15.91M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$16.64M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$21.68M | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$19.00K | USD | 1 Quarter |
| Gain on sale of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$41.00K | USD | 1 Quarter |
| Stock-based compensation expense related to employee stock options and employee stock purchases |
ShareBasedCompensation
|
$3.25M | 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
|
$2.96M | USD | 1 Quarter |
| Provision for deferred income tax expense |
DeferredIncomeTaxExpenseBenefit
|
$756.00K | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.51M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.68M | USD | 1 Quarter |
| Change in accounts receivable, net |
IncreaseDecreaseInReceivables
|
$-7.87M | USD | 1 Quarter |
| Change in accounts receivable, net |
IncreaseDecreaseInReceivables
|
$-13.02M | USD | 1 Quarter |
| Change in inventories |
IncreaseDecreaseInInventories
|
$-20.60M | USD | 1 Quarter |
| Change in inventories |
IncreaseDecreaseInInventories
|
$152.01M | USD | 1 Quarter |
| Change in prepaid expenses and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.06M | USD | 1 Quarter |
| Change in prepaid expenses and other, net |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-5.71M | USD | 1 Quarter |
| Change in trade accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$18.50M | USD | 1 Quarter |
| Change in trade accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$8.30M | USD | 1 Quarter |
| (Payments) on floor plan notes payable trade, net |
IncreaseDecreaseInFloorPlanNotesPayableTradeNet
|
$2.18M | USD | 1 Quarter |
| Change in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-34.66M | USD | 1 Quarter |
| Change in accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-34.97M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$57.07M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-130.21M | USD | 1 Quarter |
| Acquisition of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$38.01M | USD | 1 Quarter |
| Acquisition of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$30.17M | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$192.00K | USD | 1 Quarter |
| Proceeds from the sale of property and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$61.00K | USD | 1 Quarter |
| Business acquisitions |
PaymentsToAcquireBusinessesGross
|
$25.00K | USD | 1 Quarter |
| Business acquisitions |
PaymentsToAcquireBusinessesGross
|
$36.00K | USD | 1 Quarter |
| Change in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$461.00K | USD | 1 Quarter |
| Change in other assets |
PaymentsForProceedsFromOtherInvestingActivities
|
$-573.00K | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-38.45M | USD | 1 Quarter |
| Net cash (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-29.43M | USD | 1 Quarter |
| (Payments) draws on floor plan notes payable non-trade, net |
IncreaseDecreaseInFloorPlanPayableNet
|
$-34.08M | USD | 1 Quarter |
| (Payments) draws on floor plan notes payable non-trade, net |
IncreaseDecreaseInFloorPlanPayableNet
|
$107.89M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$30.62M | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$31.23M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$17.49M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$22.80M | USD | 1 Quarter |
| Principal payments on capital lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$3.09M | 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
|
$3.90M | USD | 1 Quarter |
| Issuance of shares relating to employee stock options and employee stock purchases |
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
$6.30M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.68M | USD | 1 Quarter |
| Excess tax benefits from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.51M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-21.37M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$124.67M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-43.98M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$6.28M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$205.05M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$198.77M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$163.79M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$205.05M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$198.77M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$207.78M | USD | Point-in-time |
| Interest |
InterestPaid
|
$5.43M | USD | 1 Quarter |
| Interest |
InterestPaid
|
$5.63M | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$32.00K | USD | 1 Quarter |
| Income taxes, net of refunds |
IncomeTaxesPaidNet
|
$265.00K | USD | 1 Quarter |
| Assets acquired under capital leases |
FairValueOfAssetsAcquired
|
$1.07M | USD | 1 Quarter |
| Assets acquired under capital leases |
FairValueOfAssetsAcquired
|
$2.28M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.