OLD DOMINION FREIGHT LINE, INC. ODFL Income Statement

Old dominion freight line, inc. (ODFL)

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
Revenue from operations
987,364	1,009,206	1,048,457	1,060,666	990,782	1,026,944	1,058,233	1,033,498	925,020	891,117	872,987	839,912	754,096	745,738	782,611	755,435	707,733	734,572	779,474	762,151	696,245	721,048	743,586	702,987	620,276	592,470	616,458	590,304	538,416	539,476	550,511	547,452	497,140	506,391	494,475	480,255	422,679	398,972	395,981	368,250	317,795	322,763	316,175
Operating expenses:
Salaries, wages and benefits
524,483	534,086	533,451	532,583	522,344	515,529	536,513	522,249	501,311	482,233	461,799	441,904	416,504	417,686	425,076	408,424	400,869	407,334	406,592	387,423	368,442	366,367	363,420	340,309	311,181	308,159	303,853	287,961	270,800	269,153	270,907	268,502	257,989	248,048	247,157	239,376	221,498	218,378	213,380	196,260	180,801	183,755	181,265
Operating supplies and expenses
107,693	112,004	117,343	122,410	121,357	127,417	127,557	126,566	115,936	114,672	95,543	88,580	90,987	84,093	83,197	80,335	75,372	83,781	88,669	93,390	88,049	104,794	111,670	109,917	106,294	97,591	96,792	95,115	95,703	95,895	94,732	93,691	94,216	90,435	91,421	90,697	82,633	69,271	62,746	59,594	52,680	47,994	43,814
General supplies and expenses
33,608	26,391	33,633	32,391	31,560	28,104	31,209	29,891	29,976	27,793	28,785	28,283	22,872	20,696	22,010	22,778	21,142	20,133	24,350	23,533	21,292	21,210	21,931	20,889	19,135	16,054	18,311	17,639	17,761	14,312	14,507	15,937	14,152	12,485	12,648	13,201	11,566	10,429	11,136	10,443	9,572	9,288	9,089
Operating taxes and licenses
29,314	29,267	29,117	29,384	29,071	29,305	27,952	28,165	26,788	26,248	24,547	24,961	24,022	23,058	22,714	23,466	23,188	23,625	23,855	23,538	22,274	22,411	21,338	20,618	19,050	18,193	18,155	17,982	17,269	16,843	17,182	17,145	16,356	15,737	16,128	15,890	15,529	14,349	14,360	13,708	13,003	12,402	12,523
Insurance and claims
9,850	18,510	11,280	11,587	11,172	9,608	12,069	11,342	11,099	12,914	10,700	9,314	8,790	8,069	10,185	9,363	10,244	6,197	10,808	10,321	10,042	8,218	10,118	9,836	7,973	7,643	8,395	7,602	7,270	6,010	8,336	7,652	7,683	4,818	8,154	7,529	7,192	6,491	7,204	6,209	5,425	6,155	5,737
Communications and utilities
8,191	7,530	8,098	6,134	7,839	8,370	8,215	7,439	7,046	6,809	6,490	7,022	7,433	6,547	7,025	7,327	7,005	6,770	6,867	6,501	6,775	6,351	6,320	6,102	6,734	5,927	5,726	5,768	5,721	5,424	5,003	4,699	4,854	4,603	4,518	4,433	4,550	3,955	3,820	3,668	3,775	3,659	3,593
Depreciation and amortization
65,435	64,544	63,493	62,571	63,073	62,555	58,086	56,235	53,481	53,093	51,934	50,449	50,287	49,574	49,041	46,480	44,772	44,223	42,561	39,771	38,788	39,546	37,707	35,121	34,092	33,807	32,914	30,517	29,834	29,948	28,727	26,524	25,544	24,290	23,396	22,013	21,121	19,862	19,396	19,553	21,551	24,036	23,948
Purchased transportation
20,800	21,418	23,063	24,468	20,687	22,860	25,373	26,044	21,740	23,151	22,739	20,860	17,997	18,472	18,907	18,176	18,496	23,153	30,297	32,702	30,148	32,429	34,590	33,157	29,136	27,575	28,500	27,021	23,339	29,447	24,252	24,592	16,231	36,820	16,628	16,778	14,290	13,664	15,026	12,575	9,224	9,296	8,710
Building and office equipment rents
-	-	-	-	-	-	-	-	-	-	2,018	1,982	2,114	1,433	2,050	2,164	2,273	2,473	2,395	2,474	2,278	2,780	2,880	2,513	2,506	2,784	2,849	3,109	3,178	3,396	3,393	3,457	3,268	3,390	3,412	3,500	3,387	3,476	3,719	4,174	3,875	3,710	3,376
Miscellaneous expenses, net
4,820	7,192	11,452	4,649	5,253	4,351	2,874	5,086	8,303	6,861	4,557	6,125	4,968	2,663	5,002	3,486	4,824	2,961	3,226	1,599	4,592	4,644	7,350	1,830	4,123	-2,108	2,887	17	1,597	1,532	2,540	2,665	2,629	2,453	2,819	2,193	2,992	1,128	1,810	2,055	1,514	2,513	2,666
Total operating expenses
804,194	820,942	830,930	826,177	812,356	808,099	829,848	813,017	775,680	747,660	709,112	679,480	645,974	632,291	645,207	621,999	608,185	620,650	639,620	621,252	592,680	608,750	617,324	580,292	540,224	515,625	518,382	492,731	472,472	471,960	469,579	464,864	442,922	443,079	426,281	415,610	384,758	361,003	352,597	328,239	301,420	302,808	294,721
Operating income
183,170	188,264	217,527	234,489	178,426	218,845	228,385	220,481	149,340	143,457	163,875	160,432	108,122	113,447	137,404	133,436	99,548	113,922	139,854	140,899	103,565	112,298	126,262	122,695	80,052	76,845	98,076	97,573	65,944	67,516	80,932	82,588	54,218	63,312	68,194	64,645	37,921	37,969	43,384	40,011	16,375	19,955	21,454
Non-operating expense (income):
Interest expense
100	92	3	160	122	138	29	11	11	362	555	642	595	954	1,131	1,064	1,183	1,309	1,163	1,169	1,569	1,449	1,463	1,622	2,076	2,338	2,479	2,403	2,400	2,755	2,882	2,685	3,219	3,330	3,397	3,464	3,876	2,950	2,964	3,181	3,518	3,109	3,330
Interest income
1,248	1,797	1,714	1,769	1,483	1,211	778	668	456	408	228	69	35	20	10	12	16	22	33	83	71	30	19	26	33	46	45	42	14	6	22	33	52	144	3	14	19	6	37	53	52	0	14
Other expense (income), net
-3,617	-375	-844	-524	600	-2,567	70	334	-2,299	361	977	431	-409	-1,192	-6	-260	-516	-678	-1,866	-441	-237	-530	-951	-35	-775	518	-389	-334	-74	-488	289	-875	346	521	-1,678	-362	1,418	76	178	-1,029	-73	389	-253
Total non-operating expense (income)
-2,469	1,330	867	1,085	1,961	-1,494	819	991	-1,854	407	650	-142	-969	-2,126	-1,127	-1,312	-1,683	-1,965	-2,996	-1,527	-1,735	-1,949	-2,395	-1,631	-2,818	-1,774	-2,823	-2,695	-2,460	-3,237	-2,571	-3,527	-2,821	-2,665	-5,072	-3,812	-2,439	-2,868	-2,749	-4,157	-3,539	-2,720	-3,569
Income before income taxes
180,701	189,594	218,394	235,574	180,387	217,351	229,204	221,472	147,486	143,864	164,525	160,290	107,153	111,321	136,277	132,124	97,865	111,957	136,858	139,372	101,830	110,349	123,867	121,064	77,234	75,071	95,253	94,878	63,484	64,279	78,361	79,061	51,397	60,647	63,122	60,833	35,482	35,101	40,635	35,854	12,836	17,235	17,885
Provision for income taxes
47,524	45,570	54,295	61,502	47,064	57,892	55,762	58,038	38,153	-53,386	62,211	61,872	41,361	42,810	50,696	50,736	37,580	39,733	52,490	53,798	39,306	40,480	45,958	47,215	31,347	27,915	35,104	36,623	22,931	24,798	27,317	31,229	20,302	20,764	24,491	21,450	13,909	13,045	16,254	14,341	5,135	6,740	7,163
Net income
133,177	144,024	164,099	174,072	133,323	159,459	173,442	163,434	109,333	197,250	102,314	98,418	65,792	68,511	85,581	81,388	60,285	72,224	84,368	85,574	62,524	69,869	77,909	73,849	45,887	47,156	60,149	58,255	40,553	39,481	51,044	47,832	31,095	39,883	38,631	39,383	21,573	22,056	24,381	21,513	7,701	10,495	10,722
Earnings per share:
Basic
1.12	2.36	2.05	2.16	1.10	1.95	2.12	1.99	1.33	2.39	1.24	1.20	0.80	0.83	1.03	0.98	0.72	0.85	0.99	1.00	0.73	0.81	0.90	0.86	0.53	0.54	0.70	0.68	0.47	0.46	0.59	0.56	0.36	0.11	0.45	0.69	0.38	-0.06	0.44	0.38	0.14	0.19	0.29
Diluted
1.11	2.35	2.05	2.16	1.10	1.94	2.12	1.99	1.33	2.40	1.24	1.19	0.80	0.83	1.03	0.98	0.72	0.85	0.99	1.00	0.73	0.81	0.90	0.86	0.53	0.54	0.70	0.68	0.47	0.46	0.59	0.56	0.36	0.11	0.45	0.69	0.38	-0.06	0.44	0.38	0.14	0.19	0.29
Weighted average shares outstanding:
Basic
119,050	39,152	79,880	80,522	121,549	81,487	81,885	82,067	82,253	82,279	82,286	82,318	82,349	82,368	82,742	83,354	83,983	84,568	85,247	85,726	85,970	86,153	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	143,014	86,164	57,443	56,255	167,780	55,926	55,927	55,927	55,927	37,284
Diluted
119,805	39,275	79,989	80,645	121,715	81,577	81,975	82,169	82,356	82,374	82,380	82,427	82,444	82,438	82,811	83,381	83,983	84,568	85,247	85,726	85,970	86,153	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	86,164	143,014	86,164	57,443	56,255	167,780	55,926	55,927	55,927	55,927	37,284
Dividends declared per share
0.15	0.23	0.17	0.17	0.11	0.13	0.13	0.13	0.13	0.10	0.10	0.10	0.10	-	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-