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10-Q Filing

RUSH ENTERPRISES INC TX CIK: 1012019 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001437749-15-009715
Period End Date 20150331
Filing Date 20150511
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance rusha-20150331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 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 $94.37M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $191.46M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $217.31M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $47.27M USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $170.03M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $208.18M USD Point-in-time
Common stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Note receivable affiliate DueFromRelatedPartiesCurrent $6.14M USD Point-in-time
Note receivable affiliate DueFromRelatedPartiesCurrent $8.17M USD Point-in-time
Inventories, net InventoryNet $1.12B USD Point-in-time
Inventories, net InventoryNet $1.02B USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $16.46M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $28.31M USD Point-in-time
Asset held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $5.05M USD Point-in-time
Asset held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $5.05M USD Point-in-time
Deferred income taxes, net DeferredTaxAssetsNetCurrent $18.39M USD Point-in-time
Deferred income taxes, net DeferredTaxAssetsNetCurrent $18.57M USD Point-in-time
Total current assets AssetsCurrent $1.43B USD Point-in-time
Total current assets AssetsCurrent $1.45B USD Point-in-time
Investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $6.91M USD Point-in-time
Investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $6.91M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $923.08M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $976.30M USD Point-in-time
Goodwill, net Goodwill $274.30M USD Point-in-time
Goodwill, net Goodwill $265.14M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $54.58M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $53.62M USD Point-in-time
Total assets Assets $2.26B USD Point-in-time
Total assets Assets $2.74B USD Point-in-time
Total assets Assets $2.69B USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $912.60M USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $845.98M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $149.06M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $138.36M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $10.82M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $11.23M USD Point-in-time
Liabilities directly associated with asset held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $5.92M USD Point-in-time
Liabilities directly associated with asset held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $6.16M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $121.53M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $124.56M USD Point-in-time
Customer deposits CustomerDepositsCurrent $44.88M USD Point-in-time
Customer deposits CustomerDepositsCurrent $38.55M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $65.10M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $92.74M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.27B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.29B USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $434.27M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $429.19M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $46.02M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $48.55M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.47M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.19M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $174.23M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $175.63M USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2015 and 2014 PreferredStockValue - USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2015 and 2014 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; 30,157,533 class A shares and 10,092,981 class B shares outstanding in 2015; and 29,889,332 class A shares and 9,999,122 class B shares outstanding in 2014 CommonStockValue $429.00K 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; 30,157,533 class A shares and 10,092,981 class B shares outstanding in 2015; and 29,889,332 class A shares and 9,999,122 class B shares outstanding in 2014 CommonStockValue $424.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $272.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $277.35M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $533.79M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $550.57M 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 $-388.00K 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 $-460.00K USD Point-in-time
Total shareholders equity StockholdersEquity $764.34M USD Point-in-time
Total shareholders equity StockholdersEquity $784.60M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.69B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.74B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
New and used commercial vehicle sales SalesRevenueGoodsNet $800.19M USD 1 Quarter
New and used commercial vehicle sales SalesRevenueGoodsNet $600.90M USD 1 Quarter
Parts and service sales PartsAndServiceSales $337.02M USD 1 Quarter
Parts and service sales PartsAndServiceSales $308.97M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $47.79M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $40.99M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $4.53M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $4.08M USD 1 Quarter
Other OtherSalesRevenueNet $4.00M USD 1 Quarter
Other OtherSalesRevenueNet $3.73M USD 1 Quarter
Total revenue Revenues $1.19B USD 1 Quarter
Total revenue Revenues $958.67M USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $558.14M USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $744.26M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $214.70M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $198.70M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $40.96M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $35.90M USD 1 Quarter
Total cost of products sold CostOfRevenue $999.91M 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 $193.62M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $152.63M 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 $9.99M USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets $84.00K USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets $-672.00K USD 1 Quarter
Operating income OperatingIncomeLoss $22.75M USD 1 Quarter
Operating income OperatingIncomeLoss $30.33M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.13M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-2.94M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $27.39M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.61M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $10.61M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.60M USD 1 Quarter
Net income NetIncomeLoss $12.01M USD 1 Quarter
Net income NetIncomeLoss $16.78M 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 $0.42 USD 1 Quarter
Earnings per common share - Diluted (in Dollars per share) EarningsPerShareDiluted $0.30 USD 1 Quarter
Earnings per common share - Diluted (in Dollars per share) EarningsPerShareDiluted $0.41 USD 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 40.07M shares 1 Quarter
Basic (in Shares) WeightedAverageNumberOfSharesOutstandingBasic 39.33M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 40.51M shares 1 Quarter
Diluted (in Shares) WeightedAverageNumberOfDilutedSharesOutstanding 40.98M shares 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $12.13M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $16.85M USD 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $12.01M USD 1 Quarter
Net income NetIncomeLoss $16.78M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $33.96M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $29.06M USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $84.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-672.00K USD 1 Quarter
Stock-based compensation expense related to employee stock options and employee stock purchases ShareBasedCompensation $3.70M USD 1 Quarter
Stock-based compensation expense related to employee stock options and employee stock purchases ShareBasedCompensation $3.27M USD 1 Quarter
Deferred income tax (benefit) DeferredIncomeTaxExpenseBenefit $-165.00K USD 1 Quarter
Deferred income tax (benefit) DeferredIncomeTaxExpenseBenefit $-1.63M USD 1 Quarter
Excess tax expense (benefit) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-423.00K USD 1 Quarter
Excess tax expense (benefit) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $1.02M USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $34.82M USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $25.39M USD 1 Quarter
Change in inventories, net IncreaseDecreaseInInventories $84.89M USD 1 Quarter
Change in inventories, net IncreaseDecreaseInInventories $24.28M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-11.93M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-2.02M USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $11.98M USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $-3.03M USD 1 Quarter
(Payments) draws on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $20.46M USD 1 Quarter
(Payments) draws on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $-5.06M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $-27.43M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $-6.33M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-28.28M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-7.53M USD 1 Quarter
Net cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-7.09M USD 1 Quarter
Net cash (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-96.57M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $53.20M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $82.45M USD 1 Quarter
Proceeds from the sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $134.00K USD 1 Quarter
Proceeds from the sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.12M USD 1 Quarter
Business acquisitions PaymentsToAcquireBusinessesGross $143.05M USD 1 Quarter
Business acquisitions PaymentsToAcquireBusinessesGross $27.85M USD 1 Quarter
Change in other assets PaymentsForProceedsFromOtherInvestingActivities $-1.89M USD 1 Quarter
Change in other assets PaymentsForProceedsFromOtherInvestingActivities $1.74M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-194.23M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-109.93M USD 1 Quarter
Draws on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $71.68M USD 1 Quarter
Draws on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $45.18M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $61.93M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $39.22M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $45.09M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $24.81M USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $3.21M 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 $1.59M USD 1 Quarter
Issuance of shares relating to employee stock options and employee stock purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.95M USD 1 Quarter
Excess tax benefits (expense) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-423.00K USD 1 Quarter
Excess tax benefits (expense) from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.02M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $1.46M 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 $62.31M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-144.19M USD 1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-122.94M USD 1 Quarter
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $94.37M USD Point-in-time
CASH AND CASH EQUIVALENTS, beginning of period CashAndCashEquivalentsAtCarryingValue $191.46M 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 $47.27M 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 $191.46M 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 $47.27M USD Point-in-time
Interest InterestPaid $8.38M USD 1 Quarter
Interest InterestPaid $7.34M USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $143.00K USD 1 Quarter
Income taxes, net of refunds IncomeTaxesPaidNet $1.58M USD 1 Quarter
Common stock issued related to business acquisition StockIssued1 $2.00M USD 1 Quarter
Assets acquired under capital leases FairValueOfAssetsAcquired $3.56M USD 1 Quarter
Assets acquired under capital leases FairValueOfAssetsAcquired $5.34M USD 1 Quarter

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

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