Universal Logistics Holdings, Inc. ULH Balance Sheet

Universal logistics holdings, inc. (ULH)

Balance Sheet / Quarterly

Apr'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	Dec'10
Assets
Current assets:
Cash and cash equivalents
7,995	7,726	6,485	6,459	6,336	5,727	2,545	1,664	2,145	1,672	2,897	2,039	3,353	1,755	1,544	4,020	11,731	12,930	10,190	7,707	5,547	8,001	10,004	8,106	7,333	10,223	5,451	6,177	4,818	2,554	214	226	1,761	5,511	1,376	1,667	6,261
Marketable securities
6,320	9,369	9,139	9,646	10,208	9,333	10,433	12,526	11,932	15,144	14,648	14,117	14,618	14,359	13,786	14,254	13,378	13,431	13,408	15,125	15,235	14,309	12,325	12,407	11,828	11,626	10,641	10,249	10,394	9,962	11,167	14,201	16,018	16,059	15,275	15,447	15,041
Accounts receivable – net of allowance for doubtful accounts of $3,044 and $2,545, respectively
219,229	210,534	212,010	204,070	216,218	215,991	214,712	213,681	197,489	171,036	170,182	154,976	155,001	144,712	149,096	146,795	139,253	141,275	159,003	161,037	161,317	151,107	160,132	161,214	154,133	132,001	131,089	127,527	122,315	118,903	81,275	80,750	76,997	112,815	87,385	81,301	68,833
Other receivables
18,395	19,065	16,814	18,827	20,256	19,130	17,662	16,301	18,507	17,511	14,543	16,872	12,331	15,438	13,180	12,379	14,401	15,422	20,067	20,130	18,285	13,856	15,769	17,919	18,042	17,966	16,996	17,842	16,563	16,720	15,966	2,205	-	15,696	-	-	-
Prepaid expenses and other
21,216	19,676	18,991	22,024	17,829	19,830	25,825	21,074	18,123	16,103	17,519	20,336	17,520	17,374	19,814	20,565	16,026	17,858	18,791	21,208	16,405	19,340	19,366	16,859	19,210	16,426	10,776	12,565	12,767	10,914	12,309	5,478	9,554	13,220	6,086	6,533	6,488
Due from affiliates
2,838	1,705	3,353	4,202	4,617	5,247	3,221	3,885	4,497	2,685	2,664	3,114	3,606	2,513	2,818	2,057	1,827	1,924	1,855	1,798	1,591	1,562	223	2,541	2,351	2,283	2,334	2,689	3,151	3,586	1,505	922	809	1,231	254	601	80
Prepaid income taxes
-	3,768	-	-	-	-	-	-	793	4,515	5,679	10,152	6,044	11,300	3,379	1,887	-	-	2,080	5,384	6,410	2,719	1,043	5,649	4,912	7,988	3,358	1,147	904	1,621	3,422	2,699	4,567	4,185	3,026	3,605	1,821
Total current assets
275,993	271,843	266,792	265,228	275,464	275,258	274,398	269,131	253,486	228,666	228,132	221,606	212,473	207,451	203,617	201,957	196,616	202,840	230,341	236,617	230,602	216,280	222,277	228,157	221,389	203,389	182,756	183,140	175,282	169,138	129,967	110,363	113,013	172,028	117,543	112,649	101,497
Property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	141,201	137,414	133,070	-	121,969	120,637	116,461
Less accumulated depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,317	45,898	44,369	-	41,860	41,036	38,255
Property and equipment – net of accumulated depreciation of $277,743 and $270,062, respectively
355,381	339,823	317,623	300,501	300,262	303,234	298,633	284,374	272,665	267,195	263,441	260,776	255,237	246,277	236,499	207,707	206,497	177,189	170,894	173,607	173,408	178,069	165,014	161,429	147,990	142,656	124,001	122,814	125,866	127,791	93,884	91,516	88,701	114,200	80,109	79,601	78,206
Operating lease right-of-use asset
90,805	87,209	79,628	86,223	83,828	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
170,039	168,451	158,416	159,313	147,935	145,152	114,097	84,827	84,827	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,484	74,589	74,589	74,589	74,589	17,965	17,965	17,965	17,965	17,965	17,965	17,722	17,722	17,722	17,722	17,231
Intangible assets – net of accumulated amortization of $82,442 and $78,366, respectively
112,035	116,111	106,989	111,220	106,142	113,775	75,844	41,203	41,995	31,259	32,522	33,764	35,382	37,189	39,046	40,915	42,787	44,665	46,954	49,242	51,531	53,820	55,258	57,749	60,280	62,807	5,429	5,882	6,490	7,115	7,864	8,635	8,742	9,490	10,319	11,183	11,977
Deferred income taxes
1,412	1,460	2,361	2,526	2,900	2,549	2,616	3,584	4,154	4,154	164	164	163	164	63	7,144	8,771	83	4,947	4,228	5,812	5,386	3,415	3,462	3,580	4,876	2,111	4,944	4,370	4,878	4,109	3,882	3,307	3,311	4,141	3,495	2,973
Other assets
2,790	3,100	2,920	3,173	3,194	3,179	3,372	4,792	5,341	4,834	5,112	5,685	5,334	4,892	4,522	4,786	5,039	3,894	5,189	5,465	5,984	6,361	7,154	6,588	7,096	6,695	5,097	5,581	5,514	5,360	5,980	3,292	2,505	2,407	2,895	2,947	3,137
Total assets
1,008,455	987,997	934,729	928,184	919,725	843,147	768,960	687,911	662,468	610,592	603,855	596,479	583,073	570,457	558,231	536,993	534,194	503,155	527,862	539,415	536,009	529,014	524,292	528,512	511,344	490,136	335,248	335,382	331,117	327,369	255,660	231,771	230,683	315,847	228,588	224,102	212,048
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable
88,801	91,909	101,483	95,058	100,680	92,019	106,999	113,451	103,856	84,380	100,793	89,127	85,706	65,945	73,027	70,643	72,984	46,347	57,408	63,478	64,812	57,448	63,344	66,888	60,917	46,487	53,514	50,692	52,435	55,248	46,418	35,113	29,368	49,909	38,817	27,057	23,773
Current portion of long-term debt
57,904	59,476	59,894	56,276	53,501	51,903	84,956	51,605	48,204	40,870	39,186	36,702	34,969	34,455	32,333	33,124	64,472	61,224	8,571	12,217	12,217	9,593	8,571	7,572	6,393	5,482	3,429	2,286	1,143	0	-	-	-	16,385	-	-	-
Current portion of operating lease liabilities
25,638	27,484	24,860	26,298	25,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,424	-	-	4,253	-	-
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,499	-	-	-	-
Accrued expenses and other current liabilities
25,634	34,825	27,242	23,886	28,284	25,126	27,317	24,454	27,407	24,129	24,808	20,644	19,817	19,765	21,105	21,239	19,864	18,989	23,047	22,223	23,110	22,341	22,687	23,871	24,567	21,072	17,584	18,598	18,568	17,130	10,632	23,067	23,082	16,727	20,340	20,234	18,521
Insurance and claims
22,874	23,039	55,931	31,583	33,088	31,679	33,018	36,809	38,322	37,727	35,478	22,597	18,515	19,754	19,061	18,249	19,330	21,906	23,478	22,422	22,210	20,704	20,676	22,476	23,383	22,719	20,999	28,669	27,701	27,246	25,713	-	-	24,885	-	-	-
Due to affiliates
21,483	14,842	20,371	16,968	12,637	17,764	15,174	7,601	6,469	11,964	6,601	9,695	4,022	4,597	6,558	5,393	2,899	3,413	4,970	5,843	4,097	2,896	1,676	4,960	5,553	3,618	4,476	5,684	6,227	4,093	668	564	522	5,507	-	-	-
Income taxes payable
1,260	-	2,470	1,010	11,024	2,678	2,826	2,148	-	-	-	-	-	-	-	-	96	1,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of affiliate note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,614	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	108	109	123	916	953	988	1,037	1,051	1,343	1,408	1,540	1,592	-	-	-	-	-	-	-	-	-	-	-
Total current liabilities
243,594	251,575	292,251	251,079	264,235	221,169	270,290	236,068	224,258	199,070	206,866	178,765	163,029	144,516	154,806	148,757	179,768	153,840	118,427	127,171	127,483	114,033	118,297	127,175	122,353	100,970	100,002	105,929	106,074	103,717	83,431	65,168	68,471	113,413	63,410	47,291	42,294
Long-term liabilities:
Long-term debt, net of current portion
420,877	398,136	326,662	308,110	316,124	348,549	244,305	220,619	222,759	207,108	204,354	213,532	221,321	226,812	213,934	195,615	168,930	172,190	237,284	209,426	215,569	225,705	229,850	234,831	228,964	232,018	120,571	125,714	134,857	146,000	-	-	-	66,676	-	-	-
Operating lease liabilities, net of current portion
63,860	61,674	56,440	61,122	59,277	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term portion of affiliate note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations, net of current maturities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	115	136	170	1,065	1,268	1,485	1,708	1,980	2,234	2,487	2,755	3,051	-	-	-	-	-	-	-	-	-	-	-
Dividend payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,000	-	-	-
Deferred income taxes
65,892	65,692	56,243	65,751	55,468	59,228	45,317	34,899	33,388	32,361	43,308	50,064	44,838	47,819	40,155	45,969	46,178	40,496	43,175	44,809	46,105	45,883	39,423	40,436	40,736	43,748	14,462	15,895	16,004	15,599	10,997	10,738	10,891	9,852	6,311	5,862	5,425
Other long-term liabilities
5,569	5,703	5,218	4,749	3,967	4,902	4,327	3,547	2,658	3,288	3,019	2,912	2,359	3,578	3,235	3,133	2,803	4,483	3,964	3,514	3,076	4,252	5,284	4,517	5,273	4,784	4,992	4,537	4,537	4,681	1,819	1,609	1,386	4,035	1,251	958	118
Total long-term liabilities
556,198	531,205	444,563	439,732	434,836	412,679	293,949	259,065	258,805	242,757	250,681	266,508	268,518	278,209	257,482	244,853	218,081	218,234	285,691	259,234	266,458	277,820	276,791	282,271	277,728	283,601	140,025	146,146	155,398	166,280	12,816	12,347	12,277	107,563	7,562	6,820	5,543
Shareholders' equity:
Common stock, no par value. Authorized 100,000,000 shares; 30,979,827 and 30,970,452 shares issued; 26,925,201 and 27,282,230 shares outstanding, respectively
30,981	30,972	30,972	30,972	30,972	30,967	30,955	30,955	30,955	30,943	30,932	30,932	30,932	30,919	30,900	30,900	30,895	30,885	30,864	30,864	30,859	30,857	30,766	30,766	30,746	30,746	30,710	30,685	30,685	30,685	16,122	16,122	16,122	30,649	16,122	16,122	16,122
Paid-in capital
4,484	4,298	4,298	4,298	4,298	4,230	4,074	4,074	4,074	3,841	3,684	3,684	3,684	3,451	3,196	3,196	3,116	2,914	2,613	2,613	2,508	2,448	1,053	1,073	1,074	1,074	550	550	550	550	79,914	79,914	79,914	65,387	79,914	79,914	79,914
Treasury stock, at cost; 4,054,626 and 3,688,222 shares, respectively
82,166	77,247	77,248	52,462	52,462	52,462	52,364	51,532	51,532	51,532	50,561	50,044	50,044	50,044	50,044	50,020	50,018	50,018	50,018	15,576	15,576	14,953	14,072	13,745	9,640	9,322	9,316	9,316	9,316	9,316	9,316	9,316	9,204	8,325	8,325	7,754	6,625
Retained earnings
260,502	251,204	245,332	259,712	242,721	231,525	225,485	213,411	198,723	186,226	163,812	169,108	168,360	166,033	165,299	162,291	155,232	149,743	142,424	135,163	123,978	117,913	109,491	98,493	86,968	80,952	71,756	60,117	45,963	34,589	71,426	65,914	60,916	5,998	69,273	79,393	72,559
Accumulated other comprehensive income (loss):
Interest rate swaps, net of income taxes of $(167) and $(32), respectively
-553	-105	-187	-81	155	298	540	428	397	197	133	79	129	99	-389	-434	-231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized holding gain on available-for-sale securities, net of income taxes of $0 and $1,090, respectively
-	-	-	-	-	-	-	-	-	3,823	2,825	2,678	2,871	2,679	2,215	2,391	1,836	1,801	1,606	2,704	2,814	2,888	2,887	2,940	2,603	2,476	1,832	1,578	1,609	998	1,267	1,622	2,187	1,608	632	2,316	2,241
Foreign currency translation adjustments
-4,585	-3,905	-5,252	-5,066	-5,030	-5,259	-3,969	-4,558	-3,212	-4,733	-4,517	-5,231	-4,406	-5,405	-5,234	-4,941	-4,485	-4,244	-3,745	-2,758	-2,515	-1,992	-921	-461	-488	-361	-311	-307	154	-134	-	-	-	-446	-	-	-
Total shareholders’ equity
208,663	205,217	197,915	237,373	220,654	209,299	204,721	192,778	179,405	168,765	146,308	151,206	151,526	147,732	145,943	143,383	136,345	131,081	123,744	153,010	142,068	137,161	129,204	119,066	111,263	105,565	95,221	83,307	69,645	57,372	159,413	154,256	149,935	94,871	157,616	169,991	164,211
Total liabilities and shareholders’ equity
1,008,455	987,997	934,729	928,184	919,725	843,147	768,960	687,911	662,468	610,592	603,855	596,479	583,073	570,457	558,231	536,993	534,194	503,155	527,862	539,415	536,009	529,014	524,292	528,512	511,344	490,136	335,248	335,382	331,117	327,369	255,660	231,771	230,683	315,847	228,588	224,102	212,048