10-Q Filing

HUNT J B TRANSPORT SERVICES INC CIK: 728535 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-013887`
Period End Date	20180630
Filing Date	20180727
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	jbht-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 85 Cash Flow Statement 62

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.61M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$1.02B	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$920.77M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$272.61M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$403.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.34B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$4.67B	USD	Point-in-time
Property and equipment, at cost	`PropertyPlantAndEquipmentGross`	$4.92B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.78B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.69B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.14B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.98B	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$139.44M	USD	Point-in-time
Other assets, net	`OtherAssetsNoncurrent`	$143.29M	USD	Point-in-time
Total assets	`Assets`	$4.59B	USD	Point-in-time
Total assets	`Assets`	$4.47B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$249.44M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$551.72M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$598.59M	USD	Point-in-time
Claims accruals	`SelfInsuranceReserveCurrent`	$251.98M	USD	Point-in-time
Claims accruals	`SelfInsuranceReserveCurrent`	$259.08M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$63.79M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$42.38M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$34.52M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$28.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$921.84M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$755.58M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.09B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$88.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$76.66M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$541.87M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$552.87M	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$2.03B	USD	Point-in-time
Stockholders' equity	`StockholdersEquity`	$1.84B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.47B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.59B	USD	Point-in-time

Income Statement 85 line items

Line Item	Tag	Value	Unit	Period
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.36B	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$4.09B	USD	2 Qtrs
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.73B	USD	1 Quarter
Operating revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.14B	USD	1 Quarter
Rents and purchased transportation	`RentsAndPurchasedTransportation`	$2.04B	USD	2 Qtrs
Rents and purchased transportation	`RentsAndPurchasedTransportation`	$871.12M	USD	1 Quarter
Rents and purchased transportation	`RentsAndPurchasedTransportation`	$1.68B	USD	2 Qtrs
Rents and purchased transportation	`RentsAndPurchasedTransportation`	$1.07B	USD	1 Quarter
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$465.33M	USD	1 Quarter
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$915.59M	USD	2 Qtrs
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$389.87M	USD	1 Quarter
Salaries, wages and employee benefits	`LaborAndRelatedExpense`	$770.18M	USD	2 Qtrs
Fuel and fuel taxes	`FuelCosts`	$223.42M	USD	2 Qtrs
Fuel and fuel taxes	`FuelCosts`	$79.07M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$115.54M	USD	1 Quarter
Fuel and fuel taxes	`FuelCosts`	$159.72M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$213.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$185.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$107.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$93.05M	USD	1 Quarter
Operating supplies and expenses	`OperatingSuppliesAndExpenses`	$122.51M	USD	2 Qtrs
Operating supplies and expenses	`OperatingSuppliesAndExpenses`	$76.45M	USD	1 Quarter
Operating supplies and expenses	`OperatingSuppliesAndExpenses`	$147.13M	USD	2 Qtrs
Operating supplies and expenses	`OperatingSuppliesAndExpenses`	$64.49M	USD	1 Quarter
General and administrative expenses, net of asset dispositions	`GeneralAndAdministrativeExpense`	$45.21M	USD	2 Qtrs
General and administrative expenses, net of asset dispositions	`GeneralAndAdministrativeExpense`	$37.31M	USD	1 Quarter
General and administrative expenses, net of asset dispositions	`GeneralAndAdministrativeExpense`	$21.73M	USD	1 Quarter
General and administrative expenses, net of asset dispositions	`GeneralAndAdministrativeExpense`	$69.63M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$50.47M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$27.46M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$56.87M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$28.37M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$10.90M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$23.82M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$12.23M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$21.59M	USD	2 Qtrs
Communication and utilities	`DirectCommunicationsAndUtilitiesCosts`	$8.40M	USD	1 Quarter
Communication and utilities	`DirectCommunicationsAndUtilitiesCosts`	$10.60M	USD	2 Qtrs
Communication and utilities	`DirectCommunicationsAndUtilitiesCosts`	$16.15M	USD	2 Qtrs
Communication and utilities	`DirectCommunicationsAndUtilitiesCosts`	$5.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.92B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.70B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$3.04B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.56B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$313.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$163.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$383.59M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$214.81M	USD	1 Quarter
Net interest expense	`InterestExpense`	$9.86M	USD	1 Quarter
Net interest expense	`InterestExpense`	$19.01M	USD	2 Qtrs
Net interest expense	`InterestExpense`	$7.39M	USD	1 Quarter
Net interest expense	`InterestExpense`	$14.21M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$298.79M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$364.59M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$156.22M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.96M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$53.30M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$98.22M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$94.79M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$58.35M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$269.79M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$151.65M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$200.57M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$97.87M	USD	1 Quarter
Weighted average basic shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	109.45M	shares	1 Quarter
Weighted average basic shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	109.60M	shares	2 Qtrs
Weighted average basic shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	109.63M	shares	1 Quarter
Weighted average basic shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	110.25M	shares	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.39	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.46	USD	2 Qtrs
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$1.82	USD	2 Qtrs
Weighted average diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.77M	shares	2 Qtrs
Weighted average diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.68M	shares	1 Quarter
Weighted average diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	111.42M	shares	2 Qtrs
Weighted average diluted shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.82M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.80	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.44	USD	2 Qtrs
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$1.37	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.88	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	Point-in-time
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.46	USD	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$269.79M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$151.65M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$200.57M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$97.87M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$213.01M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$185.24M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$26.00M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$23.11M	USD	2 Qtrs
Loss on sale of revenue equipment and other	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.39M	USD	2 Qtrs
Loss on sale of revenue equipment and other	`GainLossOnSaleOfPropertyPlantEquipment`	$-6.46M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-37.36M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$11.00M	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.75M	USD	2 Qtrs
Trade accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$98.86M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$26.69M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-47.27M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$33.72M	USD	2 Qtrs
Trade accounts payable	`IncreaseDecreaseInAccountsPayable`	$13.27M	USD	2 Qtrs
Income taxes payable or receivable	`IncreaseDecreaseInIncomeTaxes`	$11.37M	USD	2 Qtrs
Income taxes payable or receivable	`IncreaseDecreaseInIncomeTaxes`	$54.39M	USD	2 Qtrs
Claims accruals	`IncreaseDecreaseInSelfInsuranceReserve`	$12.15M	USD	2 Qtrs
Claims accruals	`IncreaseDecreaseInSelfInsuranceReserve`	$4.33M	USD	2 Qtrs
Accrued payroll and other accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-4.00M	USD	2 Qtrs
Accrued payroll and other accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$28.07M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$443.45M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$529.03M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$176.66M	USD	2 Qtrs
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$411.74M	USD	2 Qtrs
Net proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$57.61M	USD	2 Qtrs
Net proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$11.57M	USD	2 Qtrs
Changes in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$1.29M	USD	2 Qtrs
Changes in other assets	`PaymentsForProceedsFromOtherInvestingActivities`	$3.46M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-355.42M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-168.56M	USD	2 Qtrs
Proceeds from revolving lines of credit and other	`ProceedsFromLinesOfCredit`	$1.42B	USD	2 Qtrs
Proceeds from revolving lines of credit and other	`ProceedsFromLinesOfCredit`	$1.25B	USD	2 Qtrs
Payments on revolving lines of credit and other	`RepaymentsOfLinesOfCredit`	$1.49B	USD	2 Qtrs
Payments on revolving lines of credit and other	`RepaymentsOfLinesOfCredit`	$1.29B	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$50.03M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$179.81M	USD	2 Qtrs
Stock repurchased for payroll taxes and other	`ProceedsFromStockRepurchasedForPayrollTaxesAndOther`	$852.00K	USD	2 Qtrs
Stock repurchased for payroll taxes and other	`ProceedsFromStockRepurchasedForPayrollTaxesAndOther`	$669.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$52.58M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$50.88M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-273.99M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-173.03M	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$897.00K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$579.00K	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.38M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.19M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.38M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.19M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.27M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.61M	USD	Point-in-time
Interest	`InterestPaidNet`	$19.03M	USD	2 Qtrs
Interest	`InterestPaidNet`	$14.48M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$27.76M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$122.72M	USD	2 Qtrs
Accruals for equipment received	`CapitalExpendituresIncurredButNotYetPaid`	$35.25M	USD	2 Qtrs
Accruals for equipment received	`CapitalExpendituresIncurredButNotYetPaid`	$56.65M	USD	2 Qtrs

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