10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-009818`
Period End Date	20180331
Filing Date	20180430
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	hubg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 44 Cash Flow Statement 59

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	2.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.56M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.93M	USD	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 trade, net	`AccountsReceivableNetCurrent`	$583.99M	USD	Point-in-time
Accounts receivable trade, net	`AccountsReceivableNetCurrent`	$573.72M	USD	Point-in-time
Accounts receivable other	`OtherReceivablesNetCurrent`	$5.72M	USD	Point-in-time
Accounts receivable other	`OtherReceivablesNetCurrent`	$4.47M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$12.14M	USD	Point-in-time
Prepaid taxes	`PrepaidTaxes`	$12.09M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.70M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.01M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$627.26M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$656.06M	USD	Point-in-time
Purchase price in excess of predecessor basis, tax benefit	`PurchasePriceInExcessOfPredecessorBasisTaxBenefit`	$10.31M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$23.27M	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsNoncurrent`	$24.18M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.51M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$568.05M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$562.15M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.78M	shares	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$74.35M	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$72.92M	USD	Point-in-time
Goodwill, net	`Goodwill`	$348.66M	USD	Point-in-time
Goodwill, net	`Goodwill`	$348.16M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.54M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.61M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.67B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.64B	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$318.96M	USD	Point-in-time
Accounts payable trade	`AccountsPayableCurrent`	$338.93M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$13.39M	USD	Point-in-time
Accounts payable other	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$12.27M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$28.99M	USD	Point-in-time
Accrued payroll	`EmployeeRelatedLiabilitiesCurrent`	$22.62M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$54.99M	USD	Point-in-time
Accrued other	`OtherAccruedLiabilitiesCurrent`	$59.30M	USD	Point-in-time
Current portion of capital lease	`CapitalLeaseObligationsCurrent`	$2.78M	USD	Point-in-time
Current portion of capital lease	`CapitalLeaseObligationsCurrent`	$2.80M	USD	Point-in-time
Current portion of long term debt	`SecuredDebtCurrent`	$80.00M	USD	Point-in-time
Current portion of long term debt	`SecuredDebtCurrent`	$77.27M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$492.77M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$519.54M	USD	Point-in-time
Long term debt	`SecuredLongTermDebt`	$214.81M	USD	Point-in-time
Long term debt	`SecuredLongTermDebt`	$194.55M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$37.93M	USD	Point-in-time
Non-current liabilities	`OtherLiabilitiesNoncurrent`	$37.69M	USD	Point-in-time
Long term portion of capital lease	`CapitalLeaseObligationsNoncurrent`	$6.98M	USD	Point-in-time
Long term portion of capital lease	`CapitalLeaseObligationsNoncurrent`	$7.70M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$121.09M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$125.61M	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2018 and 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2018 and 2017	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$173.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$165.08M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`PurchasePriceInExcessOfPredecessorBasisNetOfTax`	$15.46M	USD	Point-in-time
Purchase price in excess of predecessor basis, net of tax benefit of $10,306	`PurchasePriceInExcessOfPredecessorBasisNetOfTax`	$15.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$886.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$870.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-165.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.00K	USD	Point-in-time
Treasury stock; at cost,7,510,187 shares in 2018 and 7,777,722 shares in 2017	`TreasuryStockValue`	$258.62M	USD	Point-in-time
Treasury stock; at cost,7,510,187 shares in 2018 and 7,777,722 shares in 2017	`TreasuryStockValue`	$251.08M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$785.67M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$769.87M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.67B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueServicesNet`	$892.76M	USD	1 Quarter
Revenue	`SalesRevenueServicesNet`	$1.10B	USD	1 Quarter
Transportation costs	`CostOfServices`	$973.18M	USD	1 Quarter
Transportation costs	`CostOfServices`	$791.17M	USD	1 Quarter
Gross margin	`GrossProfit`	$101.58M	USD	1 Quarter
Gross margin	`GrossProfit`	$122.79M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$43.18M	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$56.01M	USD	1 Quarter
Agent fees and commissions	`SalesCommissionsAndFees`	$19.14M	USD	1 Quarter
Agent fees and commissions	`SalesCommissionsAndFees`	$17.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.82M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.41M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$84.41M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$99.66M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$17.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.13M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.10M	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeNet`	$22.00K	USD	1 Quarter
Interest and dividend income	`InvestmentIncomeNet`	$130.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-55.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$194.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-2.14M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-774.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.40M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.83M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$6.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$29.00K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$64.00K	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.20M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.40M	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic earnings per common share	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted earnings per common share	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	33.20M	shares	1 Quarter
Basic weighted average number of shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	33.38M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.37M	shares	1 Quarter
Diluted weighted average number of shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	33.48M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$16.17M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.60M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-4.71M	USD	1 Quarter
Deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-5.28M	USD	1 Quarter
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$2.61M	USD	1 Quarter
Compensation expense related to share-based compensation plans	`ShareBasedCompensation`	$3.50M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$115.00K	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfPropertyPlantEquipment`	$48.00K	USD	1 Quarter
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$-916.00K	USD	1 Quarter
Restricted investments	`IncreaseDecreaseOfRestrictedInvestments`	$1.44M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-54.60M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInReceivables`	$-11.64M	USD	1 Quarter
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$171.00K	USD	1 Quarter
Prepaid taxes	`IncreaseDecreaseInPrepaidTaxes`	$47.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.79M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.69M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-373.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-1.87M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-13.18M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-19.46M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-10.91M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-25.99M	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-386.00K	USD	1 Quarter
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$12.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$47.70M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.17M	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$1.13M	USD	1 Quarter
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$516.00K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.62M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.18M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-21.66M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.50M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfLongTermDebt`	$16.78M	USD	1 Quarter
Repayments of long term debt	`RepaymentsOfLongTermDebt`	$34.30M	USD	1 Quarter
Repayments of long term debt	`RepaymentsOfLongTermDebt`	$11.78M	USD	1 Quarter
Stock tendered for payments of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.90M	USD	1 Quarter
Stock tendered for payments of withholding taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.16M	USD	1 Quarter
Capital lease payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$727.00K	USD	1 Quarter
Capital lease payments	`RepaymentsOfLongTermCapitalLeaseObligations`	$695.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-15.67M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-22.11M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$56.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-30.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.60M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.63M	USD	1 Quarter
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$127.40M	USD	Point-in-time
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.56M	USD	Point-in-time
Cash and cash equivalents beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.93M	USD	Point-in-time
Cash and cash equivalents end of the period	`CashAndCashEquivalentsAtCarryingValue`	$127.40M	USD	Point-in-time
Cash and cash equivalents end of the period	`CashAndCashEquivalentsAtCarryingValue`	$154.00M	USD	Point-in-time
Cash and cash equivalents end of the period	`CashAndCashEquivalentsAtCarryingValue`	$28.56M	USD	Point-in-time
Cash and cash equivalents end of the period	`CashAndCashEquivalentsAtCarryingValue`	$17.93M	USD	Point-in-time
Interest	`InterestPaid`	$1.15M	USD	1 Quarter
Interest	`InterestPaid`	$2.31M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$263.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$194.00K	USD	1 Quarter

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