10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-016333`
Period End Date	20190331
Filing Date	20190507
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	odfl-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 37 Stockholders Equity 6

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.21M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$280.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$159.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$190.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	81.23M	shares	Point-in-time
Customer receivables, less allowances of $10,215 and $9,913, respectively	`AccountsReceivableNetCurrent`	$447.24M	USD	Point-in-time
Customer receivables, less allowances of $10,215 and $9,913, respectively	`AccountsReceivableNetCurrent`	$427.57M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$8.09M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$40.69M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.92M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$47.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$783.88M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$706.23M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.84B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.81B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.80B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$1.83B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$463.33M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$454.43M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$10.87M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$10.62M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$4.07B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$4.14B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.32B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.38B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.75B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.76B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$64.65M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$138.84M	USD	Point-in-time
Total assets	`Assets`	$3.55B	USD	Point-in-time
Total assets	`Assets`	$3.70B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$79.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$78.52M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$198.46M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$174.35M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$53.26M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$50.57M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$53.84M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$26.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$356.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$358.15M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$45.00M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$45.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$215.40M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$282.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$247.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$247.67M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$508.07M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$575.52M	USD	Point-in-time
Total liabilities	`Liabilities`	$933.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$864.80M	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 81,071,908 and 81,231,131 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValueOutstanding`	$8.11M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 81,071,908 and 81,231,131 shares outstanding at March 31, 2019 and December 31, 2018, respectively	`CommonStockValueOutstanding`	$8.12M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$142.18M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$143.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.53B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.62B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.68B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.36B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.77B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.55B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.70B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$925.02M	USD	1 Quarter
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$990.78M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$501.31M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$522.34M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$115.94M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$121.36M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$31.56M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$29.98M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$29.07M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$26.79M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$11.17M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$11.10M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.05M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$7.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$63.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$53.48M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$20.69M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$21.74M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$5.25M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$8.30M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$775.68M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$812.36M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$149.34M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$178.43M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$122.00K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$11.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$1.48M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$456.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-2.30M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$-1.85M	USD	1 Quarter
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$1.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$147.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$38.15M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.06M	USD	1 Quarter
Net income	`ProfitLoss`	$133.32M	USD	1 Quarter
Net income	`ProfitLoss`	$109.33M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.65	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.64	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	81.03M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	82.25M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	81.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	82.36M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.17	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter

Cash Flow Statement 37 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$133.32M	USD	1 Quarter
Net income	`ProfitLoss`	$109.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$63.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$53.48M	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-364.00K	USD	1 Quarter
Loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-477.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.13M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$-46.94M	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$-7.37M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$211.25M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$206.18M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$70.74M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$100.56M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$277.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$347.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.46M	USD	1 Quarter
Principal payments under long-term debt agreements	`RepaymentsOfLongTermDebt`	$50.00M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$30.60M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$17.30M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$13.79M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$10.70M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-980.00K	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-567.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.37M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-78.56M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$90.34M	USD	1 Quarter
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.48M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$280.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.46M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$159.94M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$190.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$280.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$127.46M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$159.94M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$190.28M	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.77B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.68B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.36B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.77B	USD	Point-in-time

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