HEARTLAND EXPRESS INC HTLD Income Statement

Heartland express inc (HTLD)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating Revenue
166,300	167,315	147,900	142,100	139,500	147,003	151,300	155,800	156,700	165,703	182,114	129,616	129,903	140,007	149,316	160,791	162,786	174,605	182,533	191,684	187,523	202,997	217,092	226,785	224,481	183,347	130,645	133,992	134,273	136,192	135,010	139,710	134,833	131,210	132,529	137,192	127,692	129,243	127,245	127,411	115,617	113,390	116,974
Operating Expenses
Salaries, wages, and benefits
70,254	72,002	60,909	53,432	53,796	53,179	55,126	57,558	62,009	67,852	71,399	48,642	48,979	46,639	58,351	61,524	65,466	66,431	68,987	70,904	70,996	67,253	68,688	71,240	70,945	57,643	39,556	40,939	40,598	41,216	40,899	42,962	41,996	41,885	40,903	41,728	42,201	42,541	42,581	42,320	40,538	41,755	42,938
Rent and purchased transportation
1,608	1,768	1,936	1,868	2,412	3,048	4,067	5,460	6,125	8,700	16,619	1,820	2,863	5,132	5,472	6,181	6,700	7,713	8,238	9,211	9,327	11,181	12,518	13,741	14,510	9,073	1,112	1,325	1,298	1,520	1,495	1,596	1,662	1,760	1,832	1,998	1,937	2,190	2,343	2,533	2,394	2,766	2,806
Fuel
25,941	30,141	25,211	23,339	23,180	25,195	27,460	28,941	28,940	30,651	29,739	21,289	22,702	22,919	22,987	24,394	21,194	25,848	29,414	34,196	34,256	43,263	53,435	59,338	63,225	51,439	39,261	38,637	42,978	42,722	42,443	41,111	42,705	39,494	40,966	42,308	39,147	34,235	31,690	31,012	29,540	26,454	25,086
Operations and maintenance
6,800	6,748	6,260	5,626	5,845	6,172	6,469	6,637	7,865	7,657	9,122	6,961	5,869	6,160	6,391	6,969	6,639	8,299	9,213	8,379	8,134	9,178	9,977	9,776	10,121	8,089	4,987	3,828	5,441	6,911	6,468	6,251	5,652	4,434	5,257	6,150	5,097	4,476	5,039	4,141	3,430	3,618	4,314
Cost, Direct Tax and License
3,842	3,652	3,416	3,500	3,891	4,350	3,938	4,150	3,952	4,770	5,410	3,143	3,292	3,836	3,889	3,943	3,891	4,406	4,498	4,378	4,813	5,016	5,189	5,319	4,846	3,660	1,972	2,468	2,416	2,249	2,122	2,248	2,075	2,274	2,400	2,244	2,307	2,289	2,166	2,202	1,823	1,958	2,433
Insurance and claims
5,354	4,973	3,256	3,985	4,789	4,365	4,407	4,231	4,224	5,511	5,979	3,581	3,779	6,842	4,536	4,979	8,092	4,126	7,379	3,469	6,644	1,326	5,155	4,370	7,095	5,268	2,016	4,744	2,860	3,608	4,832	3,952	2,514	2,770	3,920	3,958	2,494	2,160	1,993	5,422	2,951	3,658	4,625
Communications and utilities
1,421	1,415	1,211	1,104	1,223	1,234	1,416	1,566	1,870	2,158	1,487	1,038	1,098	1,065	1,156	1,060	1,204	1,306	1,699	1,453	1,543	1,547	1,564	1,553	1,830	1,312	767	699	774	704	756	746	747	815	770	728	644	519	906	860	902	881	906
Depreciation and amortization
26,634	29,798	25,572	22,615	22,227	25,028	25,133	24,757	25,601	29,372	28,784	22,604	22,930	26,755	27,271	25,847	25,705	29,708	28,415	26,876	25,974	29,571	27,754	26,668	24,573	21,795	15,117	16,930	15,066	14,974	14,250	13,995	13,939	16,284	14,900	13,664	12,378	15,708	15,139	15,379	15,723	15,468	13,160
Other operating expenses
6,909	6,430	5,993	5,187	5,171	4,424	5,287	5,765	6,030	5,992	8,047	5,524	5,103	1,730	824	5,898	4,933	6,838	7,230	6,747	7,757	6,799	7,779	7,997	8,691	7,319	4,334	3,691	3,813	3,255	3,752	3,647	3,979	4,433	3,248	3,389	3,482	3,434	4,278	3,535	2,992	2,743	3,188
Loss (gain) on disposal of property and equipment
-229	7,363	12,595	7,542	3,841	9,552	7,156	5,386	2,869	6,829	7,471	6,299	6,075	1,932	1,474	4,511	1,288	7,790	7,401	9,668	10,181	6,385	11,257	13,859	2,043	8,971	4,477	8,644	11,178	5,675	1,674	3,546	4,214	9,804	6,799	11,662	3,868	2,833	7,951	2,026	507	8,321	4,190
Total operating expenses
148,992	149,564	121,169	113,114	118,693	117,443	126,147	133,679	143,747	155,834	169,115	108,303	110,540	119,146	129,403	136,284	142,536	146,885	157,672	155,945	159,263	168,749	180,802	186,143	203,793	156,627	104,645	104,617	104,066	111,484	115,343	112,962	111,055	104,345	107,397	104,505	105,819	104,719	98,184	105,378	99,786	90,980	95,266
Operating income
17,326	17,663	26,739	29,030	20,843	29,560	25,132	22,147	12,948	9,869	12,999	21,313	19,363	20,898	19,913	24,507	20,250	27,720	24,861	35,739	28,260	34,248	36,290	40,642	20,688	26,720	26,000	29,375	30,207	24,708	19,667	26,748	23,778	26,865	25,132	32,687	21,873	24,524	29,061	22,033	15,831	22,410	21,708
Interest income
377	453	1,128	1,229	1,145	779	586	423	342	179	238	424	288	173	124	109	75	54	64	61	31	32	21	106	36	84	126	129	123	174	191	167	142	154	174	208	237	258	347	416	403	489	563
Interest expense
-	-	452	-	-	-	0	-	-	-	175	-	-	-	0	-	-	0	0	0	19	62	97	132	155	208	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
17,703	17,516	27,415	30,259	21,988	30,339	25,718	22,570	13,290	10,048	13,062	21,737	19,651	21,071	20,037	24,616	20,325	27,774	24,925	35,800	28,272	34,218	36,214	40,616	20,569	26,596	26,126	29,504	30,330	24,882	19,858	26,915	23,920	27,019	25,306	32,895	22,110	24,782	29,408	22,449	16,234	22,899	22,271
Federal and state income taxes
4,465	4,729	6,914	7,898	4,670	7,899	6,662	4,767	-88	-28,557	5,146	7,121	5,615	7,957	7,510	8,248	5,948	10,758	9,812	12,484	10,661	12,672	13,477	14,144	6,490	10,754	10,258	10,366	10,596	10,590	7,424	8,688	7,332	9,897	9,907	10,363	7,231	9,403	11,111	5,796	4,347	8,392	4,656
Net income
13,238	12,787	20,501	22,361	17,318	22,440	19,056	17,803	13,378	38,605	7,916	14,616	14,036	13,114	12,527	16,368	14,377	17,016	15,113	23,316	17,611	21,546	22,737	26,472	14,079	15,842	15,868	19,138	19,734	14,292	12,434	18,227	16,588	17,122	15,399	22,532	14,879	15,379	18,297	16,653	11,887	14,507	17,615
Other comprehensive income, net of tax
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	230	454	600	0	0	0	1,797	0	0	0	0	0	-	-	-	-	-	-
Comprehensive income
13,238	12,787	20,501	22,361	17,318	22,440	19,056	17,803	13,378	38,605	7,916	14,616	14,036	13,114	12,527	16,368	14,377	17,016	15,113	23,316	17,611	21,546	22,737	26,472	14,079	16,072	16,322	19,738	19,734	14,292	12,434	20,024	16,588	17,122	15,399	22,532	14,879	-	-	-	-	-	-
Net income per share
Basic
0.16	0.16	0.25	0.27	0.21	0.27	0.23	0.22	0.16	0.45	0.10	0.18	0.17	0.16	0.15	0.20	0.17	0.20	0.17	0.27	0.20	0.25	0.26	0.30	0.16	0.18	0.19	0.23	0.23	0.17	0.15	0.21	0.19	0.20	0.17	0.25	0.16	0.18	0.20	0.18	0.13	0.16	0.19
Diluted
0.16	0.16	0.25	0.27	0.21	0.27	0.23	0.22	0.16	0.46	0.09	0.18	0.17	0.16	0.15	0.20	0.17	0.20	0.17	0.27	0.20	0.24	0.26	0.30	0.16	0.18	0.19	0.23	0.23	0.17	0.14	0.21	0.19	0.20	0.17	0.25	0.16	-	-	-	-	-	-
Weighted average shares outstanding
Basic
81,870	82,024	81,992	81,968	81,936	81,908	81,965	82,330	83,309	83,303	83,303	83,294	83,292	83,285	83,286	83,248	83,369	84,904	87,387	87,814	87,791	87,782	87,778	87,728	87,704	86,440	84,837	84,789	84,770	84,996	85,646	86,451	86,475	87,117	90,129	90,689	90,689	90,689	90,689	90,689	90,689	90,689	90,689
Diluted
81,945	82,073	82,040	82,027	81,956	81,931	81,992	82,368	83,349	83,336	83,333	83,338	83,337	83,339	83,342	83,319	83,460	85,012	87,492	87,967	87,965	87,952	87,923	87,900	87,917	86,641	85,038	85,039	85,046	85,274	85,925	86,779	86,826	87,185	90,129	90,689	90,689	-	-	-	-	-	-
Dividends declared per share
0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	1.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	1.02	0.02	0.02	0.02	0.02