Saia, inc. (SAIA)
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'11Dec'10
Assets
Current Assets:
Cash and cash equivalents

46,909

248

15

503

31

2,194

529

1,189

496

4,720

81

399

711

1,539

789

360

238

124

4,540

3,663

196

4,367

7,244

1,788

842

159

4,060

2,872

437

321

804

826

60

1,317

3,522

10,716

29,045

Accounts receivable, net

210,894

196,119

218,000

227,046

202,133

181,612

197,973

200,644

191,437

170,278

172,119

167,012

148,968

135,083

143,461

142,331

137,607

124,222

139,041

146,202

140,330

128,367

146,597

148,850

141,917

117,937

127,542

130,929

126,597

106,814

124,822

123,697

120,743

107,436

115,166

114,661

94,569

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,421

-

-

-

18,883

-

-

-

14,052

-

-

10,562

Income tax receivable

6,542

8,288

-

-

-

1,825

-

-

-

3,664

-

-

-

6,989

-

-

-

15,745

-

-

-

18,335

-

-

-

13,497

-

-

-

2,264

-

-

-

3,312

-

-

5,449

Prepaid expenses

-

-

-

-

-

20,621

-

-

-

17,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

41,563

27,724

31,694

33,840

38,923

-

26,155

30,854

34,066

-

28,399

30,219

34,969

17,369

22,152

29,450

37,590

14,197

42,156

44,132

55,492

13,687

39,619

43,877

43,609

13,156

37,551

33,601

32,585

11,540

31,115

27,169

29,215

11,572

29,311

30,019

8,984

Other current assets

-

-

-

-

-

7,121

-

-

-

7,047

-

-

-

5,499

-

-

-

4,701

-

-

-

5,420

-

-

-

5,083

-

-

-

4,341

-

-

-

5,127

-

-

4,887

Total current assets

305,908

232,379

249,709

261,389

241,087

213,373

224,657

232,687

225,999

203,249

200,599

197,630

184,648

166,479

166,402

172,141

175,435

158,989

185,737

193,997

196,018

170,176

193,460

194,515

186,368

170,253

169,153

167,402

159,619

144,163

156,741

151,692

150,018

142,816

147,999

155,396

153,496

Property and Equipment, at cost

1,834,768

1,739,222

1,735,019

1,665,557

1,553,938

1,521,341

1,445,049

1,419,359

1,334,557

1,289,994

1,260,856

1,233,906

1,216,711

1,101,946

1,104,495

1,107,001

1,056,435

995,514

975,874

957,345

924,466

891,145

869,573

863,193

820,386

797,527

787,677

787,616

722,265

718,527

722,128

718,956

700,132

669,345

659,406

632,669

610,572

Less: accumulated depreciation

712,882

686,623

693,895

674,220

648,408

628,283

609,324

594,678

573,699

554,214

538,065

520,682

504,324

497,827

492,577

481,088

467,212

456,335

443,330

429,698

417,271

407,505

397,458

389,041

377,108

365,301

365,798

369,346

361,364

356,823

353,328

346,762

342,987

344,890

340,583

335,177

319,634

Net property and equipment

1,121,886

1,052,599

1,041,124

991,337

905,530

893,058

835,725

824,681

760,858

735,780

722,791

713,224

712,387

604,119

611,918

625,913

589,223

539,179

532,544

527,647

507,195

483,640

472,115

474,152

443,278

432,226

421,879

418,270

360,901

361,704

368,800

372,194

357,145

324,455

318,823

297,492

290,938

Operating Lease Right-of-Use Assets

122,652

103,890

103,650

71,765

72,460

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill and Identifiable Intangibles, net

21,193

21,484

21,775

22,066

22,356

-

23,005

23,346

23,686

-

24,368

24,709

25,054

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

12,105

-

-

-

12,105

-

-

-

12,105

25,815

26,232

26,649

12,025

27,381

29,420

30,987

5,231

8,328

8,481

8,635

5,231

8,943

9,098

9,250

5,231

-

-

-

0

-

-

-

Identifiable Intangibles, net

-

-

-

-

-

10,559

-

-

-

11,922

-

-

-

13,293

-

-

-

14,961

-

-

-

2,943

-

-

-

3,558

-

-

-

4,173

9,558

1,305

1,378

1,450

1,548

1,645

1,840

Other Noncurrent Assets

5,620

5,341

6,014

5,563

5,424

4,648

4,705

5,244

5,004

4,259

4,961

4,767

5,107

4,374

4,477

4,621

4,398

4,039

5,325

5,275

5,323

4,995

5,591

5,543

5,564

5,533

5,700

5,747

5,284

4,417

7,163

6,673

6,383

6,165

5,630

5,616

5,883

Total assets

1,577,259

1,415,693

1,422,272

1,352,120

1,246,857

1,133,743

1,088,092

1,085,958

1,015,547

967,315

952,719

940,330

927,196

800,370

808,612

828,907

795,705

729,193

750,987

756,339

739,523

666,985

679,494

682,691

643,845

616,801

605,675

600,517

535,054

519,688

542,262

531,864

514,924

474,886

474,000

460,149

452,157

Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable

91,395

83,621

84,857

77,521

71,983

78,994

62,025

71,045

65,866

57,438

63,742

55,746

70,971

45,149

48,129

49,679

59,723

54,754

59,504

49,939

57,346

42,388

57,460

62,885

66,098

50,799

48,974

59,597

53,476

43,706

52,442

49,033

54,307

39,783

38,231

41,146

37,745

Wages, vacation and employees’ benefits

46,678

49,668

53,068

47,095

38,834

48,116

53,175

46,739

38,939

39,748

44,140

40,872

33,098

31,700

38,277

33,619

30,423

27,834

32,463

38,844

33,187

28,777

39,764

34,502

29,816

35,248

35,338

31,925

26,848

30,842

33,838

31,345

25,512

21,185

24,952

22,937

19,101

Claims and insurance accruals

37,696

36,888

35,770

47,255

40,138

40,980

39,846

41,326

39,049

35,850

37,704

36,131

-

33,047

-

-

-

26,903

-

-

-

29,314

-

-

-

27,637

-

-

-

29,350

-

-

-

27,602

-

-

20,560

Other current liabilities

35,024

32,644

32,837

29,439

25,207

23,138

37,083

29,628

20,032

19,807

20,841

18,283

51,103

18,286

50,300

45,014

46,700

19,457

50,495

49,017

46,948

20,862

47,937

48,922

52,812

20,030

44,286

41,480

44,721

15,259

41,201

39,359

41,834

13,635

37,816

31,945

11,217

Current portion of long-term debt

19,565

19,405

19,245

18,959

17,914

18,082

17,622

16,839

14,791

14,083

17,072

16,669

19,183

16,762

16,695

16,627

13,659

12,432

12,031

11,215

9,560

9,138

8,120

7,143

7,143

7,143

14,643

14,643

22,143

22,143

22,143

22,143

22,143

22,143

19,643

19,643

17,143

Current portion of operating lease liability

18,689

19,020

18,304

16,921

17,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

249,047

241,246

244,081

237,190

211,466

209,310

209,751

205,577

178,677

166,926

183,499

167,701

174,355

144,944

153,401

144,939

150,505

141,380

154,493

149,015

147,041

130,479

153,281

153,452

155,869

140,857

143,241

147,645

147,188

141,300

149,624

141,880

143,796

124,348

120,642

115,671

105,766

Other Liabilities:
Long-term debt, less current portion

216,202

117,025

146,020

160,920

130,964

104,777

103,715

138,161

127,782

118,833

110,161

131,699

137,738

57,042

77,543

122,747

102,780

56,540

69,163

97,419

98,076

73,897

65,188

88,597

72,576

69,740

76,863

84,378

36,613

38,562

59,034

68,588

64,309

50,714

61,786

61,786

72,857

Operating lease liability, less current portion

105,282

86,239

86,552

55,960

58,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

118,624

111,555

108,711

100,244

92,208

86,893

65,895

63,419

61,031

59,423

90,064

87,075

82,738

80,199

74,091

71,673

69,078

67,417

77,775

74,224

76,853

58,946

69,422

68,472

68,612

69,916

59,514

55,733

55,611

55,611

52,822

53,158

51,289

51,289

46,181

42,077

39,077

Claims, insurance and other

44,717

44,402

44,537

40,304

36,534

36,899

39,440

38,827

40,663

39,639

37,242

38,855

36,898

35,107

34,687

35,352

34,574

35,967

35,728

34,689

38,300

36,757

42,500

41,932

32,054

31,496

31,215

31,515

31,639

29,696

32,503

30,042

29,954

29,234

28,852

29,239

28,099

Total other liabilities

484,825

359,221

385,820

357,428

317,741

228,569

209,050

240,407

229,476

217,895

237,467

257,629

257,374

172,348

186,321

229,772

206,432

159,924

182,666

206,332

213,229

169,600

177,110

199,001

173,242

171,152

167,592

171,626

123,863

123,869

144,359

151,788

145,552

131,237

136,819

133,102

140,033

Commitments and Contingencies

-

-

-

-

-

-

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

Stockholders’ Equity:
Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding

-

-

-

-

-

-

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

Common stock, $0.001 par value, 50,000,000 shares authorized, 26,063,348 and 25,936,532 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

26

26

26

26

26

26

26

26

26

26

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

24

24

24

16

24

16

16

16

16

16

16

16

Additional paid-in-capital

262,008

260,871

259,388

257,583

254,575

254,738

253,366

252,536

250,233

246,454

243,382

241,057

238,995

237,846

234,045

233,200

231,114

230,593

228,015

226,891

223,846

223,713

219,512

216,926

215,002

213,648

211,762

211,054

207,258

206,969

206,159

205,368

204,555

203,793

203,547

203,153

202,751

Deferred compensation trust, 156,897 and 143,987 shares of common stock at cost at March 31, 2020 and December 31, 2019, respectively

4,958

3,871

3,824

3,920

3,691

3,381

3,202

3,494

3,490

3,486

3,448

3,469

3,337

3,190

3,229

3,252

3,319

3,102

3,198

3,133

2,580

2,189

2,222

2,223

2,235

2,246

2,246

2,226

2,165

2,213

2,229

2,265

2,221

2,199

2,242

2,182

2,727

Retained earnings

586,311

558,200

536,781

503,813

466,740

444,481

419,101

390,906

360,625

339,500

291,794

277,387

259,784

248,397

238,049

224,223

210,948

200,373

188,986

177,209

157,962

145,357

131,788

115,510

101,942

93,366

85,302

72,394

58,894

49,739

44,333

35,077

23,226

17,691

15,218

10,389

6,318

Total stockholders’ equity

843,387

815,226

792,371

757,502

717,650

695,864

669,291

639,974

607,394

582,494

531,753

515,000

495,467

483,078

468,890

454,196

438,768

427,889

413,828

400,992

379,253

366,906

349,103

330,238

314,734

304,792

294,842

281,246

264,003

254,519

248,279

238,196

225,576

219,301

216,539

211,376

206,358

Total liabilities and stockholders’ equity

1,577,259

1,415,693

1,422,272

1,352,120

1,246,857

1,133,743

1,088,092

1,085,958

1,015,547

967,315

952,719

940,330

927,196

800,370

808,612

828,907

795,705

729,193

750,987

756,339

739,523

666,985

679,494

682,691

643,845

616,801

605,675

600,517

535,054

519,688

542,262

531,864

514,924

474,886

474,000

460,149

452,157