Heartland express inc (HTLD)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
CURRENT ASSETS
Cash and cash equivalents

64,183

76,684

111,934

205,642

176,303

161,448

120,000

106,402

105,019

75,378

51,291

171,292

159,170

128,507

100,264

77,607

69,747

33,232

64,165

79,476

52,171

17,303

23,323

16,142

16,931

17,763

164,215

141,554

127,506

119,838

212,741

210,739

172,312

139,770

141,122

151,417

145,732

121,120

169,979

116,271

52,351

Short-term Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,850

-

-

-

-

-

-

-

11,325

2,550

0

8,300

25,450

36,030

7,126

Trade receivables, net $1.1 million allowance in 2020 and 2019, respectively

62,849

56,753

60,645

53,643

53,279

48,955

55,520

58,483

61,571

64,293

70,755

43,844

46,221

46,844

51,704

57,009

58,497

61,009

64,519

70,460

73,744

77,034

87,235

88,158

91,165

84,400

48,112

49,602

51,747

46,555

50,756

49,825

50,119

44,198

44,419

46,887

46,610

41,619

45,138

42,592

37,361

Prepaid tires

8,100

9,107

10,441

9,217

10,521

9,378

9,898

9,900

11,045

10,989

11,462

9,586

10,379

8,181

8,747

8,793

8,180

9,584

9,673

9,399

9,424

10,160

10,089

9,730

7,955

6,999

4,806

4,811

5,834

6,603

7,146

9,538

11,931

12,820

12,698

12,728

11,946

6,570

4,768

4,526

6,579

Prepaid shop supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

561

1,429

1,840

2,056

2,264

3,097

3,287

4,194

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other current assets

10,996

8,947

15,353

11,980

13,171

12,551

25,422

17,032

21,923

13,782

30,656

24,736

21,867

13,841

9,395

11,468

13,258

8,316

24,379

16,482

34,061

8,992

13,973

19,265

12,410

11,061

5,689

6,695

10,204

2,281

4,550

5,673

3,631

1,932

6,587

11,581

4,742

1,725

4,351

5,129

1,923

Income tax receivable

3,132

323

0

0

0

170

5,366

4,361

9,691

6,393

7,558

2,983

0

4,738

6,555

7,773

0

7,641

4,651

2,900

7,191

19,920

0

0

2,179

5,706

4,119

1,424

0

2,351

1,828

1,726

0

314

1,447

876

0

2,052

1,310

1,363

4,658

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

16,662

17,219

16,536

16,855

14,767

14,990

14,310

13,773

14,177

12,509

12,584

14,251

13,797

13,069

13,532

15,211

14,401

14,809

14,098

13,816

12,400

13,511

13,911

14,516

Total current assets

149,260

151,814

198,373

280,482

253,274

232,502

216,206

196,178

209,249

170,835

171,722

252,441

237,637

202,111

176,665

162,650

149,682

136,444

185,167

196,682

195,286

150,232

151,874

150,702

147,700

144,300

246,300

216,670

209,542

191,425

290,090

291,033

253,204

213,435

232,407

240,137

222,846

193,786

264,507

219,822

124,514

PROPERTY AND EQUIPMENT
Land and land improvements

75,155

60,637

59,561

54,726

53,518

46,095

40,917

40,917

40,973

40,283

40,283

39,192

39,192

39,356

39,258

39,258

39,008

37,899

24,597

24,787

23,204

22,463

22,343

22,319

17,069

17,069

17,098

17,451

17,451

17,451

17,451

17,451

17,451

17,451

17,451

17,442

17,442

17,442

17,442

17,442

17,442

Buildings

76,510

70,603

68,864

61,011

60,739

57,505

50,637

50,583

49,957

48,657

48,657

48,371

48,372

48,371

48,372

48,372

47,837

47,837

39,548

39,548

34,963

34,151

33,316

33,196

27,499

27,347

27,673

27,559

27,559

26,761

26,761

26,761

26,761

26,761

26,761

26,761

26,761

26,761

26,761

26,761

26,761

Leasehold improvements

0

437

437

437

437

437

1,070

1,097

1,097

2,208

2,208

1,703

1,703

1,703

1,703

1,703

1,703

1,703

6,509

6,509

8,032

8,033

8,033

7,888

16,134

16,134

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Furniture and fixtures

4,396

4,255

3,997

3,093

3,093

3,057

2,886

2,808

3,290

3,437

3,060

2,229

2,154

2,096

2,096

2,096

2,096

2,096

2,096

2,096

2,096

2,096

2,096

2,096

2,099

1,829

2,284

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

2,269

Shop and service equipment

14,042

13,726

13,335

12,172

12,150

10,968

10,043

13,385

12,904

12,202

12,213

11,222

11,089

11,009

10,918

10,717

10,739

10,917

10,946

10,691

10,875

10,820

10,794

11,455

10,601

10,604

7,266

7,257

7,257

7,266

7,268

7,267

7,324

7,324

7,362

7,371

7,371

6,462

5,601

5,278

5,295

Revenue equipment

609,199

583,134

587,058

488,301

489,599

479,068

521,007

520,917

550,193

555,980

588,609

517,165

537,947

556,464

577,393

573,994

564,255

571,281

584,712

583,275

575,861

600,335

568,035

572,079

564,483

549,415

395,573

385,853

395,857

378,583

356,519

349,107

348,223

355,905

353,484

341,930

342,048

333,254

329,825

349,174

361,797

Construction in progress

4,935

6,351

4,376

5,627

2,235

6,540

9,297

6,584

4,060

3,996

1,429

322

74

54

3

30

441

213

177

341

585

668

662

579

466

466

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Property, Plant and Equipment, Gross

784,237

739,143

737,628

625,367

621,771

603,670

635,857

636,291

662,474

666,763

696,459

620,204

640,531

659,053

679,743

676,170

666,079

671,946

668,585

667,247

655,616

678,566

645,279

649,612

638,351

622,864

449,894

440,389

450,393

432,330

410,268

402,855

402,028

409,710

407,327

395,773

395,891

386,188

381,898

400,924

413,564

Less accumulated depreciation

238,521

212,856

203,971

214,566

211,516

200,550

210,569

219,637

223,331

223,901

242,181

246,399

252,038

251,405

242,987

225,482

219,382

197,948

212,179

208,124

197,306

198,007

182,842

180,590

194,612

173,605

177,206

174,253

178,682

189,959

188,280

176,325

168,381

161,269

161,829

158,933

168,059

165,736

154,705

163,680

138,394

Property and equipment, net

545,716

526,287

533,657

410,801

410,255

403,120

425,288

416,654

439,143

442,862

454,278

373,805

388,493

407,648

436,756

450,688

446,697

473,998

456,406

459,123

458,310

480,559

462,437

469,022

443,739

449,259

272,688

266,136

271,711

242,371

221,988

226,530

233,647

248,441

245,498

236,840

227,832

220,452

227,193

237,244

275,170

LONG-TERM INVESTMENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,345

10,791

19,991

20,016

21,041

21,041

50,544

50,569

53,144

64,494

73,269

80,394

92,144

102,939

140,884

GOODWILL

168,295

168,295

165,021

132,400

132,410

132,410

132,410

132,410

132,410

132,410

132,185

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

100,212

98,686

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

4,815

OTHER INTANGIBLES, NET

26,538

27,136

27,886

13,290

13,892

14,494

15,096

15,700

16,352

17,022

15,030

11,128

11,609

12,090

12,570

13,051

13,532

14,013

14,558

15,148

15,754

16,380

16,971

17,563

18,155

18,746

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

OTHER ASSETS

18,184

19,393

18,363

17,643

18,330

19,152

20,091

21,141

22,825

24,261

22,821

12,199

12,190

12,382

11,353

11,266

11,457

11,363

11,116

10,929

10,953

12,611

20,127

13,899

13,940

13,850

9,304

9,099

9,141

9,110

8,410

8,303

8,457

8,406

8,314

8,057

6,580

6,588

6,435

6,292

5,780

Deferred Income Taxes, Net

5,298

6,006

5,743

5,211

4,774

4,535

4,424

3,173

3,237

1,737

1,658

1,355

1,568

3,785

4,156

4,222

-5,206

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets

913,291

898,931

949,043

859,837

832,935

806,213

813,515

785,256

823,216

789,127

797,694

751,140

751,709

738,228

741,712

742,089

726,786

736,030

767,459

782,094

780,515

759,994

751,621

751,398

723,746

724,841

537,452

507,511

515,200

467,737

546,344

551,722

550,667

525,666

544,178

554,343

535,342

506,035

595,094

571,112

551,163

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities

18,112

11,060

16,277

23,785

16,586

10,552

26,431

11,823

38,771

14,366

26,411

10,040

16,228

12,355

16,755

21,535

6,367

7,516

24,720

16,834

33,918

8,261

35,733

44,077

26,539

26,912

28,825

8,818

27,590

7,583

9,258

12,561

11,297

9,088

16,568

15,470

17,562

10,972

12,833

8,467

6,953

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

92,502

-

-

Compensation and benefits

25,078

24,712

24,357

20,916

22,659

22,558

24,200

24,692

27,324

26,752

28,194

22,346

22,239

23,320

23,748

25,667

27,126

24,636

28,486

28,262

28,220

26,303

27,794

27,007

27,333

28,084

18,235

17,463

17,316

16,409

16,928

16,781

16,312

15,493

15,805

17,915

17,884

14,823

17,382

16,745

13,770

Insurance accruals

17,364

17,584

21,441

21,027

21,123

22,130

19,022

19,165

19,991

21,368

24,141

17,890

18,415

19,132

22,494

22,330

22,338

21,573

19,906

19,353

19,534

19,249

19,811

20,074

20,250

20,945

11,934

12,596

12,631

13,924

13,916

13,686

13,751

13,997

16,248

16,200

16,363

16,341

19,644

19,980

19,236

Other Accrued Liabilities

11,165

10,051

9,521

10,470

11,552

9,449

11,811

12,665

12,284

12,835

13,647

12,038

13,286

10,727

13,747

13,040

12,823

12,443

12,411

13,475

13,544

14,475

15,095

11,572

11,860

12,627

7,535

8,159

8,458

7,439

7,384

8,076

8,028

7,085

8,883

7,354

7,234

6,764

6,792

6,849

7,095

Long-term Debt, Current Maturities

-

-

14,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued Income Taxes, Current

-

-

923

617

-

-

-

-

-

-

-

-

3,281

-

-

-

6,486

-

-

-

-

-

1,993

844

-

-

-

-

5,638

-

-

-

10,491

-

-

-

2,908

-

-

-

-

Taxes Payable, Current

-

-

-

-

2,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

71,719

63,407

86,794

76,815

73,930

64,689

81,464

68,345

98,370

75,321

92,393

62,314

73,449

65,534

76,744

82,572

75,140

66,168

85,523

77,924

95,216

68,288

100,426

103,574

85,982

88,568

66,529

47,036

71,633

45,355

47,486

51,104

59,879

45,663

57,504

56,939

61,951

48,900

149,153

52,041

47,054

LONG-TERM LIABILITIES
Income taxes payable

5,798

5,956

5,745

5,736

5,317

5,577

5,220

4,829

6,124

8,147

7,739

7,725

9,509

11,954

12,668

12,433

14,631

16,228

15,804

15,498

17,257

18,296

17,963

17,585

18,915

20,089

19,708

21,146

22,118

23,122

21,855

21,267

22,395

24,077

23,501

23,067

25,498

27,313

26,847

26,362

31,323

Deferred Tax and Other Liabilities, Noncurrent

100,531

93,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term Debt

-

-

39,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

24,600

21,000

43,000

62,000

75,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

-

-

95,153

76,138

73,795

71,041

76,443

71,291

72,172

65,488

95,695

93,416

92,493

94,657

93,933

94,337

93,884

112,118

99,489

101,311

102,169

101,605

78,103

72,184

65,260

61,948

55,345

54,803

54,938

51,306

47,263

52,291

55,417

57,661

56,869

52,148

45,874

40,917

43,400

44,358

51,218

Insurance accruals less current portion

50,555

51,211

49,030

47,819

48,066

48,934

55,349

59,002

61,461

65,526

64,331

56,377

58,013

60,257

60,104

61,420

63,630

59,435

61,843

60,998

60,729

59,300

66,790

66,203

67,736

67,965

54,008

57,468

57,760

57,590

57,582

56,502

56,451

57,494

54,367

54,218

54,767

54,718

55,071

56,023

53,898

Other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

8,000

10,953

12,153

12,153

11,653

12,418

11,318

10,984

13,618

13,618

13,618

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total long-term liabilities

156,884

150,865

189,114

129,693

127,178

125,552

137,012

135,122

139,757

139,161

167,765

157,518

160,015

166,868

170,705

176,190

183,098

199,934

189,289

189,460

192,573

215,119

194,840

212,590

227,529

238,620

129,061

133,417

134,816

132,018

126,700

130,060

134,263

139,232

134,737

129,433

126,139

122,948

125,318

126,743

136,439

COMMITMENTS AND CONTINGENCIES (Note 13)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

-

0

-

-

-

STOCKHOLDERS' EQUITY
Preferred stock, par value $.01; authorized 5,000 shares; none issued

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Capital stock, common, $.01 par value; authorized 395,000 shares; issued 90,689 in 2020 and 2019; outstanding 81,345 and 82,028 in 2020 and 2019, respectively

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

907

Additional paid-in capital

4,432

4,141

3,945

3,799

3,424

3,454

3,373

3,462

3,414

3,518

3,347

3,452

3,403

3,433

3,323

3,378

4,023

4,126

3,942

3,734

4,210

4,058

3,638

6,443

6,158

5,897

3,774

3,590

3,322

2,968

2,589

2,220

1,491

589

439

439

439

439

439

439

439

Retained earnings

838,276

826,666

815,520

796,661

775,940

760,262

739,461

722,045

705,885

694,174

657,236

650,987

638,037

625,668

614,221

603,361

588,659

575,948

560,621

547,243

525,686

509,834

490,048

469,069

444,355

432,034

417,951

403,785

386,346

368,313

440,768

430,049

413,558

398,706

383,315

369,706

348,987

335,922

322,357

396,563

371,650

Treasury stock, at cost; 9,344 and 8,661 in 2020 and 2019, respectively

158,927

147,055

147,237

148,038

148,444

148,651

148,702

144,625

125,117

123,954

123,954

124,038

124,102

124,182

124,188

124,319

125,041

111,053

72,823

37,174

38,077

38,212

38,238

41,185

41,185

41,185

80,540

80,540

80,540

80,540

70,822

61,334

56,350

56,350

29,643

-

-

0

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-230

-684

-1,284

-1,284

-1,284

-1,284

-3,081

-3,081

-3,081

-3,081

-3,081

-3,081

-3,080

-5,581

-5,326

Stockholders' Equity Attributable to Parent

684,688

684,659

673,135

653,329

631,827

615,972

595,039

581,789

585,089

574,645

537,536

531,308

518,245

505,826

494,263

483,327

468,548

469,928

492,647

514,710

492,726

476,587

456,355

435,234

410,235

397,653

341,862

327,058

308,751

290,364

372,158

370,558

356,525

340,771

351,937

367,971

347,252

334,187

320,623

392,328

367,670

Liabilities and Stockholders' Equity

913,291

898,931

949,043

859,837

832,935

806,213

813,515

785,256

823,216

789,127

797,694

751,140

751,709

738,228

741,712

742,089

726,786

736,030

767,459

782,094

780,515

759,994

751,621

751,398

723,746

724,841

537,452

507,511

515,200

467,737

546,344

551,722

550,667

525,666

544,178

554,343

535,342

506,035

595,094

571,112

551,163