10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-021054`
Period End Date	20200331
Filing Date	20200505
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	odfl-10q_20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 48 Cash Flow Statement 36 Stockholders Equity 6

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$9.46M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.87M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$403.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$356.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	140.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	118.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	119.53M	shares	Point-in-time
Customer receivables, less allowances of $9,464 and $8,866, respectively	`AccountsReceivableNetCurrent`	$419.13M	USD	Point-in-time
Customer receivables, less allowances of $9,464 and $8,866, respectively	`AccountsReceivableNetCurrent`	$397.58M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$8.48M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$10.59M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$55.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$46.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$866.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$831.01M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.90B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$1.90B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$2.08B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$2.04B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$486.41M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$482.43M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$11.82M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$11.71M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$4.43B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$4.48B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.53B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.95B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$2.97B	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Goodwill	`Goodwill`	$19.46M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$140.44M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$130.53M	USD	Point-in-time
Total assets	`Assets`	$4.00B	USD	Point-in-time
Total assets	`Assets`	$3.93B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$70.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.10M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$176.15M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$192.52M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$53.77M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$54.33M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$46.13M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$44.60M	USD	Point-in-time
Income taxes payable	`IncomeTaxesPayable`	$2.85M	USD	Point-in-time
Income taxes payable	`IncomeTaxesPayable`	$53.68M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$45.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$428.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$366.08M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$45.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$228.68M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$241.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$261.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$261.96M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$548.77M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$490.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$918.94M	USD	Point-in-time
Total liabilities	`Liabilities`	$914.85M	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, 118,133,507 and 119,532,534 shares outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValueOutstanding`	$11.81M	USD	Point-in-time
Common stock - $0.10 par value, 140,000,000 shares authorized, 118,133,507 and 119,532,534 shares outstanding at March 31, 2020 and December 31, 2019, respectively	`CommonStockValueOutstanding`	$11.95M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$218.46M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$217.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.79B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.85B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$2.77B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.08B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.02B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$3.93B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$4.00B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$990.78M	USD	1 Quarter
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$987.36M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$522.34M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$524.48M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$121.36M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$107.69M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$31.56M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$33.61M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$29.31M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$29.07M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$11.17M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$9.85M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$8.19M	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`	$65.44M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$20.69M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$20.80M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$4.82M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$5.25M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$804.19M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$812.36M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$183.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$178.43M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$100.00K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$122.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$1.48M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$1.25M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-3.62M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$-2.47M	USD	1 Quarter
Total non-operating expense (income)	`NonoperatingIncomeExpense`	$1.96M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$180.39M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$47.52M	USD	1 Quarter
Net income	`ProfitLoss`	$133.32M	USD	1 Quarter
Net income	`ProfitLoss`	$133.18M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.10	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.11	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	119.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	121.55M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	121.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	119.81M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.11	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.15	USD	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$133.32M	USD	1 Quarter
Net income	`ProfitLoss`	$133.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$63.07M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$65.44M	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-78.00K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-477.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$2.07M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.93M	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$-7.37M	USD	1 Quarter
Other operating activities, net	`IncreaseDecreaseInOperatingCapital`	$-3.25M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$204.02M	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`	$52.21M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.54M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$277.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.46M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.67M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$178.29M	USD	1 Quarter
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$30.60M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$13.79M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$18.31M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.35M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-980.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-45.37M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-199.95M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-46.60M	USD	1 Quarter
(Decrease) Increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$90.34M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$190.28M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$280.63M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$403.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$190.28M	USD	Point-in-time

Stockholders Equity 6 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.77B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.08B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.02B	USD	Point-in-time
Balance	`StockholdersEquity`	$2.77B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.08B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.02B	USD	Point-in-time

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