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10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001564590-19-016011
Period End Date 20190331
Filing Date 20190506
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance hubg-10q_20190331_htm.xml
Filing Contents
Balance Sheet 81 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 $112.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $61.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.93M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $28.56M 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
Accounts receivable trade, net AccountsReceivableNetCurrent $445.24M USD Point-in-time
Accounts receivable trade, net AccountsReceivableNetCurrent $477.09M 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
Other receivables OtherReceivablesNetCurrent $2.61M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $22.02M USD Point-in-time
Prepaid taxes PrepaidTaxes $169.00K USD Point-in-time
Prepaid taxes PrepaidTaxes $616.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $14.97M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $27.53M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $575.39M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $588.69M USD Point-in-time
Purchase price in excess of predecessor basis, tax benefit PurchasePriceInExcessOfPredecessorBasisTaxBenefit $10.31M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $19.24M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $21.08M USD Point-in-time
Treasury stock, shares TreasuryStockShares 7.43M shares Point-in-time
Treasury stock, shares TreasuryStockShares 7.11M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $663.34M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $681.86M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $30.79M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $7.60M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $134.79M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $131.33M USD Point-in-time
Goodwill, net Goodwill $484.50M USD Point-in-time
Goodwill, net Goodwill $483.58M USD Point-in-time
Other assets OtherAssetsNoncurrent $17.29M USD Point-in-time
Other assets OtherAssetsNoncurrent $16.74M USD Point-in-time
TOTAL ASSETS Assets $1.92B USD Point-in-time
TOTAL ASSETS Assets $1.93B USD Point-in-time
Accounts payable trade AccountsPayableCurrent $272.86M USD Point-in-time
Accounts payable trade AccountsPayableCurrent $252.19M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $17.19M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $10.91M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $27.80M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $55.53M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $78.49M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $82.90M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $8.01M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $2.85M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $2.99M USD Point-in-time
Current portion of long term debt SecuredDebtCurrent $100.23M USD Point-in-time
Current portion of long term debt SecuredDebtCurrent $101.71M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $486.89M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $526.76M USD Point-in-time
Long term debt SecuredLongTermDebt $215.23M USD Point-in-time
Long term debt SecuredLongTermDebt $229.07M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $29.62M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $33.40M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $24.47M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $4.74M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $4.15M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $153.88M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $160.11M USD Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2019 and 2018 PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2019 and 2018 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $163.34M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $172.22M 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 $1.07B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.10B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-182.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-175.00K USD Point-in-time
Treasury stock; at cost, 7,114,310 shares in 2019 and 7,431,083 shares in 2018 TreasuryStockValue $248.62M USD Point-in-time
Treasury stock; at cost, 7,114,310 shares in 2019 and 7,431,083 shares in 2018 TreasuryStockValue $237.39M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.01B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $980.83M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $769.87M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $785.67M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.93B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.92B USD Point-in-time
Income Statement 51 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $837.34M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $933.00M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $805.71M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $746.30M USD 1 Quarter
Gross margin GrossProfit $91.04M USD 1 Quarter
Gross margin GrossProfit $127.29M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $62.03M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $52.30M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $22.92M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $18.44M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $6.75M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $3.76M USD 1 Quarter
Total costs and expenses OperatingExpenses $91.70M USD 1 Quarter
Total costs and expenses OperatingExpenses $74.50M USD 1 Quarter
Operating income OperatingIncomeLoss $16.54M USD 1 Quarter
Operating income OperatingIncomeLoss $35.59M USD 1 Quarter
Interest expense InterestExpense $2.10M USD 1 Quarter
Interest expense InterestExpense $3.06M USD 1 Quarter
Interest and dividend income InvestmentIncomeNet $373.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeNet $11.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-50.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-40.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.14M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.72M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.39M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $32.87M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.97M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $3.32M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $23.89M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $11.07M USD 1 Quarter
Income from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $5.10M USD 1 Quarter
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $29.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $23.90M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $16.20M USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.33 USD 1 Quarter
Basic IncomeLossFromContinuingOperationsPerBasicShare $0.71 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.71 USD 1 Quarter
Diluted IncomeLossFromContinuingOperationsPerDilutedShare $0.33 USD 1 Quarter
Basic IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.15 USD 1 Quarter
Diluted IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.15 USD 1 Quarter
Basic EarningsPerShareBasic $0.71 USD 1 Quarter
Basic EarningsPerShareBasic $0.48 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.48 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.71 USD 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33.57M shares 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33.38M shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33.59M shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33.48M shares 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $28.38M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $18.60M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-4.71M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-6.33M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $4.93M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $3.50M USD 1 Quarter
Gain on sale of assets GainLossOnSaleOfPropertyPlantEquipment $835.00K USD 1 Quarter
Gain on sale of assets GainLossOnSaleOfPropertyPlantEquipment $115.00K USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $-916.00K USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $1.84M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $-11.64M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $-32.91M USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $47.00K USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $-447.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-12.56M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-6.69M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $819.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $-1.87M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-19.46M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-14.39M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-10.91M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-30.12M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.98M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-386.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.17M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.43M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $516.00K USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $3.80M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.06M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $22.18M USD 1 Quarter
Proceeds from the disposition of discontinued operations ProceedsFromDivestitureOfBusinesses $19.44M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $6.18M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-21.66M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $10.46M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $16.78M USD 1 Quarter
Repayments of long term debt RepaymentsOfLongTermDebt $25.78M USD 1 Quarter
Repayments of long term debt RepaymentsOfLongTermDebt $34.30M USD 1 Quarter
Stock tendered for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.58M USD 1 Quarter
Stock tendered for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.90M USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $695.00K USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $740.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-18.64M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-22.11M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-5.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-30.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.63M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $50.97M USD 1 Quarter
Cash and cash equivalents beginning of the period CashAndCashEquivalentsAtCarryingValue $112.40M USD Point-in-time
Cash and cash equivalents beginning of the period CashAndCashEquivalentsAtCarryingValue $61.44M USD Point-in-time
Cash and cash equivalents beginning of the period CashAndCashEquivalentsAtCarryingValue $17.93M USD Point-in-time
Cash and cash equivalents beginning of the period CashAndCashEquivalentsAtCarryingValue $28.56M USD Point-in-time
Cash and cash equivalents end of the period CashAndCashEquivalentsAtCarryingValue $112.40M USD Point-in-time
Cash and cash equivalents end of the period CashAndCashEquivalentsAtCarryingValue $61.44M USD Point-in-time
Cash and cash equivalents end of the period CashAndCashEquivalentsAtCarryingValue $17.93M USD Point-in-time
Cash and cash equivalents end of the period CashAndCashEquivalentsAtCarryingValue $28.56M USD Point-in-time
Interest InterestPaidNet $2.75M USD 1 Quarter
Interest InterestPaidNet $2.31M USD 1 Quarter
Income taxes IncomeTaxesPaid $191.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $194.00K USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $1.01B USD Point-in-time
Beginning Balance StockholdersEquity $980.83M USD Point-in-time
Beginning Balance StockholdersEquity $769.87M USD Point-in-time
Beginning Balance StockholdersEquity $785.67M USD Point-in-time
Stock tendered for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.58M USD 1 Quarter
Stock tendered for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.89M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.93M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.50M USD 1 Quarter
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $29.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00K USD 1 Quarter
Ending Balance StockholdersEquity $1.01B USD Point-in-time
Ending Balance StockholdersEquity $980.83M USD Point-in-time
Ending Balance StockholdersEquity $769.87M USD Point-in-time
Ending Balance StockholdersEquity $785.67M USD Point-in-time

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

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