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10-Q Filing

RUSH ENTERPRISES INC TX CIK: 1012019 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001437749-14-008674
Period End Date 20140331
Filing Date 20140512
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance rusha-20140331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $205.05M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $94.37M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $217.31M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $198.77M 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
Accounts receivable, net AccountsReceivableNetCurrent $103.29M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $135.85M USD Point-in-time
Inventories, net InventoryNet $865.68M USD Point-in-time
Inventories, net InventoryNet $802.22M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $14.34M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $13.07M USD Point-in-time
Treasury stock, shares TreasuryStockShares 2.19M shares Point-in-time
Deferred income taxes, net DeferredTaxAssetsNetCurrent $16.28M USD Point-in-time
Treasury stock, shares TreasuryStockShares 2.27M shares Point-in-time
Deferred income taxes, net DeferredTaxAssetsNetCurrent $15.57M USD Point-in-time
Total current assets AssetsCurrent $1.15B USD Point-in-time
Total current assets AssetsCurrent $1.12B 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 $739.66M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $819.70M USD Point-in-time
Goodwill, net Goodwill $215.46M USD Point-in-time
Goodwill, net Goodwill $262.89M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $49.96M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $52.61M USD Point-in-time
Total assets Assets $2.17B USD Point-in-time
Total assets Assets $1.86B USD Point-in-time
Total assets Assets $2.26B USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $593.65M USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $659.29M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $97.24M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $103.72M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $10.70M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $10.27M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $112.36M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $100.38M USD Point-in-time
Customer deposits CustomerDepositsCurrent $58.32M USD Point-in-time
Customer deposits CustomerDepositsCurrent $31.25M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $69.32M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $61.75M USD Point-in-time
Total current liabilities LiabilitiesCurrent $979.07M USD Point-in-time
Total current liabilities LiabilitiesCurrent $929.17M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $385.54M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $416.01M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $35.25M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $35.20M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.68M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.43M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $147.82M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $147.02M USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2014 and 2013 PreferredStockValue - USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2014 and 2013 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; 29,100,940 class A shares and 10,289,460 class B shares outstanding in 2014; and 28,910,505 Class A shares and 10,304,518 Class B shares outstanding in 2013 CommonStockValue $417.00K 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; 29,100,940 class A shares and 10,289,460 class B shares outstanding in 2014; and 28,910,505 Class A shares and 10,304,518 Class B shares outstanding in 2013 CommonStockValue $414.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $250.22M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $243.15M USD Point-in-time
Treasury stock, at cost: 2,270,052 class B shares TreasuryStockValue $33.45M USD Point-in-time
Treasury stock, at cost: 2,270,052 class B shares TreasuryStockValue $30.82M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $465.85M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $453.84M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.09M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.20M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.58M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-1.76M USD Point-in-time
Total shareholders equity StockholdersEquity $681.95M USD Point-in-time
Total shareholders equity StockholdersEquity $665.38M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.17B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.26B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
New and used commercial vehicle sales SalesRevenueGoodsNet $489.61M USD 1 Quarter
New and used commercial vehicle sales SalesRevenueGoodsNet $600.90M USD 1 Quarter
Parts and service sales PartsAndServiceSales $231.48M USD 1 Quarter
Parts and service sales PartsAndServiceSales $308.97M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $30.14M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $40.99M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $4.08M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $3.13M USD 1 Quarter
Other OtherSalesRevenueNet $3.73M USD 1 Quarter
Other OtherSalesRevenueNet $2.43M USD 1 Quarter
Total revenue Revenues $958.67M USD 1 Quarter
Total revenue Revenues $756.79M USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $558.14M USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $452.57M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $145.71M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $198.70M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $35.90M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $24.71M USD 1 Quarter
Total cost of products sold CostOfRevenue $623.00M USD 1 Quarter
Total cost of products sold CostOfRevenue $792.74M USD 1 Quarter
Gross profit GrossProfit $165.93M 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 $134.44M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.82M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.11M USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $84.00K USD 1 Quarter
Gain on sale of assets GainLossOnDispositionOfAssets $41.00K USD 1 Quarter
Operating income OperatingIncomeLoss $24.61M USD 1 Quarter
Operating income OperatingIncomeLoss $22.75M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-2.51M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.13M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.61M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.10M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $8.55M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.60M USD 1 Quarter
Net income NetIncomeLoss $12.01M USD 1 Quarter
Net income NetIncomeLoss $13.55M USD 1 Quarter
Earnings per common share - Basic (in Dollars per share) EarningsPerShareBasic $0.31 USD 1 Quarter
Earnings per common share - Basic (in Dollars per share) EarningsPerShareBasic $0.35 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 $0.30 USD 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 39.33M shares 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 39.12M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 40.27M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 40.51M shares 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $13.72M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.13M USD 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $12.01M USD 1 Quarter
Net income NetIncomeLoss $13.55M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $29.06M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $21.68M USD 1 Quarter
Gain on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $84.00K 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 $3.27M USD 1 Quarter
Provision (benefit) for deferred income tax expense DeferredIncomeTaxExpenseBenefit $-165.00K USD 1 Quarter
Provision (benefit) for deferred income tax expense DeferredIncomeTaxExpenseBenefit $2.96M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.02M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.68M USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $-13.02M USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $25.39M USD 1 Quarter
Change in inventories, net IncreaseDecreaseInInventories $-20.60M USD 1 Quarter
Change in inventories, net IncreaseDecreaseInInventories $24.28M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.06M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.02M USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $18.50M USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $11.98M USD 1 Quarter
(Payments) draws on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $-2.18M USD 1 Quarter
(Payments) draws on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $20.46M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $-27.43M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $-8.61M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-26.05M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-7.53M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $57.07M USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-7.09M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $53.20M 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 $134.00K USD 1 Quarter
Business acquisitions PaymentsToAcquireBusinessesGross $143.05M USD 1 Quarter
Business acquisitions PaymentsToAcquireBusinessesGross $25.00K USD 1 Quarter
Change in other assets PaymentsForProceedsFromOtherInvestingActivities $-573.00K USD 1 Quarter
Change in other assets PaymentsForProceedsFromOtherInvestingActivities $-1.89M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-29.43M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-194.23M USD 1 Quarter
(Payments) draws on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $45.18M USD 1 Quarter
(Payments) draws on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $-34.08M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $61.93M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $30.62M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $24.81M 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 $3.09M USD 1 Quarter
Issuance of shares relating to employee stock options and employee stock purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.30M USD 1 Quarter
Issuance of shares relating to employee stock options and employee stock purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.95M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.68M USD 1 Quarter
Excess tax benefits from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.02M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $3.80M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $78.38M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-21.37M USD 1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-122.94M USD 1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $6.28M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $205.05M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $94.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $217.31M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $198.77M 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 $94.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $217.31M USD Point-in-time
CASH AND CASH EQUIVALENTS, end of period CashAndCashEquivalentsAtCarryingValue $198.77M USD Point-in-time
Interest InterestPaid $7.34M 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 $1.58M USD 1 Quarter
Assets acquired under capital leases FairValueOfAssetsAcquired $3.56M 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.

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