Marten transport ltd (MRTN)
Income statement / 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'11Sep'10Jun'10
Operating revenue

218,646

217,185

214,973

212,090

199,023

203,961

199,649

197,024

186,960

182,771

170,679

171,511

173,159

172,661

170,464

166,090

161,929

168,773

171,346

163,588

161,287

173,547

171,550

168,423

159,409

166,224

167,103

161,413

164,474

166,412

163,606

156,964

151,474

158,340

156,348

151,135

137,856

128,674

125,862

Operating expenses (income):
Salaries, wages and benefits

72,761

72,707

69,312

68,613

63,524

65,924

64,051

63,250

58,822

59,382

53,594

56,715

56,400

56,711

57,090

56,196

54,830

54,554

55,129

50,964

48,808

48,630

46,435

44,667

43,732

43,534

43,310

42,345

42,125

43,221

42,352

39,398

38,271

39,359

37,775

36,413

34,099

32,767

31,984

Purchased transportation

40,445

41,596

40,435

38,668

38,249

38,670

35,867

35,048

35,026

32,803

28,668

27,516

29,362

28,722

27,775

26,187

28,035

29,687

30,756

28,083

29,504

31,234

32,914

30,739

28,130

30,987

30,136

28,129

34,184

32,248

32,428

29,734

29,859

30,970

31,354

29,991

28,017

26,275

26,346

Fuel and fuel taxes

28,297

31,437

31,275

30,952

27,677

29,189

31,658

31,742

29,044

28,284

26,143

25,007

25,956

25,670

24,845

23,930

19,630

23,269

26,556

28,281

26,476

34,213

39,398

40,494

39,826

39,804

42,547

40,596

40,323

41,937

43,020

39,515

39,124

39,750

40,590

39,915

35,340

28,558

28,167

Supplies and maintenance

12,228

11,998

12,116

11,502

11,121

9,592

10,574

10,251

10,436

9,701

10,381

10,541

10,990

10,887

11,618

10,908

10,499

10,584

11,351

10,942

10,442

10,431

10,273

10,351

10,435

10,755

10,296

9,998

9,533

9,961

10,581

9,841

9,536

9,845

11,030

9,774

9,662

8,276

8,597

Depreciation

25,427

24,842

24,290

23,462

22,543

22,305

22,272

22,193

21,815

21,245

21,186

21,306

21,383

21,240

20,790

20,368

20,047

19,854

19,331

18,311

17,827

17,754

17,253

16,865

16,371

16,321

16,248

16,219

15,688

15,790

15,537

15,042

14,535

15,173

14,758

14,084

13,516

12,884

12,612

Operating taxes and licenses

2,639

2,678

2,651

2,438

2,333

2,418

2,404

2,364

2,287

2,180

2,314

2,252

2,247

2,367

2,297

2,250

2,185

2,729

2,295

2,014

1,876

1,862

1,837

1,728

1,713

1,704

1,811

1,825

1,770

1,848

1,694

1,617

1,582

1,796

1,644

1,516

1,417

1,505

1,574

Insurance and claims

12,284

8,846

9,618

9,862

9,875

10,859

8,567

8,941

10,290

9,487

11,336

8,848

8,914

8,978

8,194

7,696

7,355

7,279

7,105

6,778

8,090

8,247

6,205

6,663

6,125

6,321

5,741

5,808

5,811

4,902

4,809

5,185

5,822

4,840

4,617

4,412

4,301

4,413

3,984

Communications and utilities

1,985

1,908

1,901

1,950

1,950

1,641

1,663

1,647

1,683

1,516

1,463

1,487

1,581

1,586

1,584

1,497

1,620

1,539

1,431

1,388

1,528

1,547

1,507

1,311

1,433

1,362

1,305

1,262

1,283

1,302

1,265

1,161

1,211

1,209

1,168

1,106

1,122

1,143

1,054

Gain on disposition of revenue equipment

1,555

3,343

2,559

1,230

1,548

2,038

1,835

2,160

1,211

-

-

-

-

-

-

-

-

-

0

0

3,712

-

-

-

-

-

1,472

1,237

2,415

1,249

1,349

1,179

1,525

981

1,084

967

768

184

429

Other

6,103

5,729

5,900

5,929

5,566

5,863

5,435

5,525

5,174

4,457

4,480

4,141

3,491

5,007

4,727

4,985

5,037

5,174

4,933

4,453

4,298

4,264

4,105

3,951

3,667

3,601

3,528

3,347

3,634

3,241

3,429

3,367

3,540

3,428

3,385

3,532

3,541

3,051

2,780

Total operating expenses

200,614

198,398

194,939

192,146

181,290

184,423

180,656

178,801

173,366

168,438

157,657

155,942

159,221

158,128

155,595

151,314

147,804

153,536

156,992

149,427

143,976

157,155

158,508

155,491

150,769

153,541

153,450

148,292

151,936

153,201

153,766

143,681

141,955

145,389

145,237

139,776

130,247

118,688

116,669

Operating income

18,032

18,787

20,034

19,944

17,733

19,538

18,993

18,223

13,594

14,333

13,022

15,569

13,938

14,533

14,869

14,776

14,125

15,237

14,354

14,161

17,311

16,392

13,042

12,932

8,640

12,683

13,653

13,121

12,538

13,211

9,840

13,283

9,519

12,951

11,111

11,359

7,609

9,986

9,193

Other

97

262

255

395

278

234

120

138

189

-109

-14

-125

-141

-443

-342

-237

-215

-225

-126

-6

-15

-269

226

612

98

94

130

153

15

-

6

13

-

-

-

-

-

-

-

Income before income taxes

18,129

19,049

20,289

20,339

18,011

19,772

19,113

18,361

13,783

14,224

13,008

15,444

13,797

14,090

14,527

14,539

13,910

15,012

14,228

14,155

17,296

16,123

13,268

13,544

8,738

12,777

13,783

13,274

12,553

13,219

9,846

13,296

9,540

12,969

11,129

11,366

7,590

9,942

9,167

Less: Income before income taxes attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

84

30

61

245

161

99

318

253

137

308

1

Income before income taxes attributable to Marten Transport, Ltd.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,777

13,783

13,274

12,469

13,189

9,785

13,051

9,379

12,870

10,811

11,113

7,453

9,634

9,166

NET INTEREST INCOME

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-

18

7

-19

-44

-26

Income taxes expense

4,411

3,301

3,702

5,149

4,465

4,035

3,856

4,659

3,452

-50,850

5,153

6,303

5,583

5,787

6,090

6,008

5,717

6,222

5,818

5,798

7,108

7,154

5,616

5,618

3,451

5,476

5,806

5,607

5,267

5,470

3,267

5,467

3,933

5,207

4,478

4,919

3,358

4,152

4,008

Net income

13,718

15,748

16,587

15,190

13,546

15,737

15,257

13,702

10,331

65,074

7,855

9,141

8,214

8,303

8,437

8,531

8,193

8,790

8,410

8,357

10,188

8,969

7,652

7,926

5,287

7,301

7,977

7,667

7,202

7,719

6,518

7,584

5,446

7,663

6,333

6,194

4,095

5,482

5,158

Basic earnings per common share (in dollars per share)

0.25

0.29

0.30

0.28

0.25

0.29

0.28

0.25

0.19

1.20

0.14

0.17

0.15

0.05

0.16

0.16

0.25

-0.16

0.25

0.25

0.30

0.26

0.23

0.24

0.16

0.22

0.24

0.23

0.22

0.14

0.20

0.23

0.25

-0.02

0.29

0.28

0.19

0.25

0.24

Diluted earnings per common share (in dollars per share)

0.25

0.28

0.30

0.28

0.25

0.28

0.28

0.25

0.19

1.19

0.14

0.17

0.15

0.05

0.15

0.16

0.25

-0.16

0.25

0.25

0.30

0.26

0.23

0.24

0.16

0.21

0.24

0.23

0.22

0.14

0.20

0.23

0.25

-0.03

0.29

0.28

0.19

0.25

0.23

Dividends declared per common share (in dollars per share)

0.04

0.03

0.68

0.03

0.03

0.02

0.02

0.02

0.02

0.02

0.02

0.01

0.01

0.00

0.01

0.01

0.02

-0.01

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.02

0.01

0.01

0.50

0.01

0.01

0.02

-0.00

0.02

0.02

0.02

0.02

-