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10-Q Filing

HUB GROUP, INC. CIK: 940942 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001564590-20-023539
Period End Date 20200331
Filing Date 20200508
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance hubg-10q_20200331_htm.xml
Filing Contents
Balance Sheet 85 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 $168.73M 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 $276.88M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable trade AccountsReceivableGrossCurrent $450.45M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable trade AccountsReceivableGrossCurrent $462.81M USD Point-in-time
Allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $7.79M USD Point-in-time
Allowance for credit losses AllowanceForDoubtfulAccountsReceivableCurrent $6.91M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $1.30M USD Point-in-time
Other receivables OtherReceivablesNetCurrent $3.24M USD Point-in-time
Prepaid taxes PrepaidTaxes $673.00K USD Point-in-time
Prepaid taxes PrepaidTaxes $630.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $14.99M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $24.09M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $640.22M USD Point-in-time
Purchase price in excess of predecessor basis, tax benefit PurchasePriceInExcessOfPredecessorBasisTaxBenefit $10.31M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $748.86M USD Point-in-time
Treasury stock, shares TreasuryStockShares 7.68M shares Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $18.19M USD Point-in-time
Restricted investments RestrictedInvestmentsNoncurrent $22.60M USD Point-in-time
Treasury stock, shares TreasuryStockShares 7.87M shares Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $668.40M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $663.16M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $35.55M USD Point-in-time
Right-of-use assets - operating leases OperatingLeaseRightOfUseAsset $33.33M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $5.87M USD Point-in-time
Right-of-use assets - financing leases FinanceLeaseRightOfUseAsset $5.30M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $120.97M USD Point-in-time
Other intangibles, net IntangibleAssetsNetExcludingGoodwill $117.51M USD Point-in-time
Goodwill, net Goodwill $484.46M USD Point-in-time
Goodwill, net Goodwill $484.40M USD Point-in-time
Other assets OtherAssetsNoncurrent $18.61M USD Point-in-time
Other assets OtherAssetsNoncurrent $18.75M USD Point-in-time
TOTAL ASSETS Assets $2.09B USD Point-in-time
TOTAL ASSETS Assets $1.99B USD Point-in-time
Accounts payable trade AccountsPayableCurrent $257.25M USD Point-in-time
Accounts payable trade AccountsPayableCurrent $270.38M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $11.59M USD Point-in-time
Accounts payable other AccountsPayableAndOtherAccruedLiabilitiesCurrent $18.09M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $23.66M USD Point-in-time
Accrued payroll EmployeeRelatedLiabilitiesCurrent $45.54M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $84.75M USD Point-in-time
Accrued other OtherAccruedLiabilitiesCurrent $86.69M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $8.57M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityCurrent $8.24M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $3.06M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityCurrent $3.05M USD Point-in-time
Current portion of long term debt SecuredDebtCurrent $94.69M USD Point-in-time
Current portion of long term debt SecuredDebtCurrent $94.62M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $507.36M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $502.81M USD Point-in-time
Long term debt SecuredLongTermDebt $284.08M USD Point-in-time
Long term debt SecuredLongTermDebt $186.93M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $36.35M USD Point-in-time
Non-current liabilities OtherLiabilitiesNoncurrent $35.58M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $26.56M USD Point-in-time
Lease liability - operating leases OperatingLeaseLiabilityNoncurrent $28.52M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $1.82M USD Point-in-time
Lease liability - financing leases FinanceLeaseLiabilityNoncurrent $1.05M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $155.82M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $155.30M USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2020 and 2019 PreferredStockValue - USD Point-in-time
Preferred stock: $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2020 and 2019 PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $175.37M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $179.64M 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 $1.18B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.19B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-320.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-186.00K USD Point-in-time
Treasury stock; at cost, 7,680,505 shares in 2020 and 7,870,888 shares in 2019 TreasuryStockValue $264.14M USD Point-in-time
Treasury stock; at cost, 7,680,505 shares in 2020 and 7,870,888 shares in 2019 TreasuryStockValue $268.73M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.08B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.09B USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $980.83M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $1.01B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.99B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $2.09B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $838.86M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $933.00M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $805.71M USD 1 Quarter
Transportation costs CostOfGoodsAndServicesSold $734.26M USD 1 Quarter
Gross margin GrossProfit $104.59M USD 1 Quarter
Gross margin GrossProfit $127.29M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $62.03M USD 1 Quarter
Salaries and benefits LaborAndRelatedExpense $50.88M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $22.92M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $26.34M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $7.62M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $6.75M USD 1 Quarter
Total costs and expenses OperatingExpenses $91.70M USD 1 Quarter
Total costs and expenses OperatingExpenses $84.83M USD 1 Quarter
Operating income OperatingIncomeLoss $35.59M USD 1 Quarter
Operating income OperatingIncomeLoss $19.76M USD 1 Quarter
Interest expense InterestExpense $3.06M USD 1 Quarter
Interest expense InterestExpense $2.46M USD 1 Quarter
Interest and dividend income InvestmentIncomeNet $403.00K USD 1 Quarter
Interest and dividend income InvestmentIncomeNet $373.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-40.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-222.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.72M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-2.27M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.48M USD 1 Quarter
Income before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $32.87M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.25M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $8.97M USD 1 Quarter
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-134.00K USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $23.90M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTax $13.10M USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.40 USD 1 Quarter
Basic earnings per common share EarningsPerShareBasic $0.71 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.71 USD 1 Quarter
Diluted earnings per common share EarningsPerShareDiluted $0.40 USD 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33.16M shares 1 Quarter
Basic weighted average number of shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 33.57M shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33.59M shares 1 Quarter
Diluted weighted average number of shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 33.49M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $30.58M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $28.38M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-6.33M USD 1 Quarter
Deferred taxes IncreaseDecreaseInDeferredIncomeTaxes $-696.00K USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $4.10M USD 1 Quarter
Compensation expense related to share-based compensation plans ShareBasedCompensation $4.93M USD 1 Quarter
Loss (gain) on sale of assets GainLossOnSaleOfPropertyPlantEquipment $835.00K USD 1 Quarter
Loss (gain) on sale of assets GainLossOnSaleOfPropertyPlantEquipment $-121.00K USD 1 Quarter
Donated equipment DonatedEquipment $240.00K USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $-4.41M USD 1 Quarter
Restricted investments IncreaseDecreaseOfRestrictedInvestments $1.84M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $-32.91M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInReceivables $9.48M USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $-447.00K USD 1 Quarter
Prepaid taxes IncreaseDecreaseInPrepaidTaxes $50.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-12.56M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-9.05M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $477.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $819.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $19.66M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-14.39M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-30.12M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-28.55M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.98M USD 1 Quarter
Non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $-2.88M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $63.43M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $40.65M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $3.80M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $497.00K USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.06M USD 1 Quarter
Purchases of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $25.47M USD 1 Quarter
Proceeds from the disposition of discontinued operations ProceedsFromDivestitureOfBusinesses $19.44M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $-24.97M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivities $6.18M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $10.46M USD 1 Quarter
Proceeds from issuance of debt ProceedsFromIssuanceOfLongTermDebt $121.44M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $25.78M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $24.37M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.77M USD 1 Quarter
Stock withheld for payments of withholding taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.58M USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $740.00K USD 1 Quarter
Finance lease payments FinanceLeasePrincipalPayments $747.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $92.56M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-18.64M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-87.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-5.00K USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $108.15M USD 1 Quarter
Net increase in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $50.97M USD 1 Quarter
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $168.73M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $276.88M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $61.44M USD Point-in-time
Cash and cash equivalents beginning of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $112.40M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $168.73M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $276.88M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $61.44M USD Point-in-time
Cash and cash equivalents end of the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $112.40M USD Point-in-time
Interest InterestPaidNet $2.56M USD 1 Quarter
Interest InterestPaidNet $2.75M USD 1 Quarter
Income taxes IncomeTaxesPaid $191.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $355.00K USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquity $1.08B USD Point-in-time
Beginning Balance StockholdersEquity $1.09B USD Point-in-time
Beginning Balance StockholdersEquity $980.83M USD Point-in-time
Beginning Balance StockholdersEquity $1.01B USD Point-in-time
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.58M USD 1 Quarter
Stock withheld for payments of withholding taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $3.77M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.93M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.10M USD 1 Quarter
Net income NetIncomeLoss $23.89M USD 1 Quarter
Net income NetIncomeLoss $13.24M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-134.00K USD 1 Quarter
Ending Balance StockholdersEquity $1.08B USD Point-in-time
Ending Balance StockholdersEquity $1.09B USD Point-in-time
Ending Balance StockholdersEquity $980.83M USD Point-in-time
Ending Balance StockholdersEquity $1.01B USD Point-in-time

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

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