Universal Logistics Holdings, Inc. ULH Income Statement

Universal logistics holdings, inc. (ULH)

Income statement / 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	Mar'11	Sep'10	Jun'10
Operating revenues:
Transportation services, including related party amounts of $1,090, $400 and $138, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178,114	180,150	160,404	195,210	196,777	197,505	179,816	179,785	180,847	179,439	166,927	180,171	184,658	191,431	185,390	-	-	-	-	-	-
Total operating revenues
382,162	375,932	375,485	383,175	377,406	386,378	374,292	365,925	335,113	314,023	313,001	305,199	284,442	264,051	271,493	276,813	260,394	285,991	284,214	295,007	263,561	302,480	302,128	307,549	279,364	259,548	261,663	264,172	248,109	259,148	256,898	264,968	255,992	465,535	187,546	179,961	157,630	156,462	154,304
Operating expenses:
Purchased transportation and equipment rent
180,856	183,496	183,902	178,356	177,325	189,517	186,239	178,252	162,011	150,381	153,277	142,600	131,227	124,266	131,832	132,012	121,665	139,706	146,687	149,085	132,080	159,115	160,269	155,518	140,425	140,434	143,436	141,640	134,514	146,563	148,889	151,950	145,091	177,477	144,413	139,631	120,459	119,333	116,894
Direct personnel and related benefits
97,388	89,480	91,946	93,650	93,167	94,106	87,189	87,403	85,956	80,012	77,570	81,238	75,544	68,807	66,091	65,903	64,515	63,080	54,116	53,748	51,510	51,234	47,917	55,783	53,571	45,544	43,898	45,652	43,347	39,104	39,041	41,768	43,156	-	-	-	-	-	-
Operating supplies and expenses
30,695	28,795	30,465	30,737	30,770	32,190	32,119	30,336	28,091	26,663	28,306	31,467	28,984	27,203	25,725	25,421	24,664	31,921	25,483	29,096	27,045	25,967	28,545	31,081	31,018	21,442	18,946	19,715	19,160	18,372	17,345	17,664	17,736	55,855	3,519	3,235	3,704	3,020	3,835
Commission expense
7,170	7,519	7,991	7,858	7,836	9,082	9,653	9,733	8,913	8,929	8,503	8,237	7,544	7,682	8,217	8,379	8,072	9,832	9,651	9,543	8,818	11,482	11,687	11,022	9,731	9,994	10,132	9,787	9,335	10,557	10,660	10,699	10,241	11,038	10,974	10,675	9,906	10,072	9,882
Occupancy expense
8,831	9,122	8,380	9,859	9,284	8,127	7,410	7,791	7,373	7,574	7,504	7,666	7,831	8,151	8,075	7,974	7,723	6,831	6,739	6,607	6,827	6,272	6,198	6,286	6,307	5,126	4,661	5,300	4,962	4,522	4,845	4,924	4,984	-	-	-	-	-	-
General and administrative
8,924	14,188	11,435	9,633	9,241	8,168	7,750	7,618	7,987	8,097	8,968	6,495	7,958	8,031	7,501	6,729	7,107	2,963	9,452	9,266	9,006	12,558	9,784	10,451	9,421	8,601	7,904	8,739	7,802	16,806	7,639	9,276	7,438	-9,197	13,116	13,223	12,723	11,877	13,132
Insurance and claims
4,872	6,203	29,912	4,951	6,352	12,302	7,419	5,294	5,460	5,923	20,562	9,538	5,858	4,117	4,949	4,486	4,172	4,770	6,598	5,875	4,170	8,138	6,259	4,973	6,621	4,337	5,523	4,704	4,678	4,750	5,132	4,962	5,498	9,362	4,155	4,189	4,137	4,715	3,801
Depreciation and amortization
19,518	21,625	18,807	17,415	16,918	14,978	13,983	13,246	12,218	13,332	11,795	11,541	10,327	9,945	9,076	9,135	8,546	8,424	8,544	8,867	9,038	8,921	8,469	8,022	7,641	4,937	4,683	5,006	5,060	4,853	4,454	4,477	4,453	9,016	2,947	2,897	2,871	2,790	2,692
Total operating expenses
358,254	360,428	382,838	352,459	350,893	368,470	351,762	339,673	318,009	300,911	316,485	298,782	275,273	258,202	261,466	260,039	246,464	267,527	267,270	272,087	248,494	283,687	279,128	283,136	264,735	240,415	239,183	240,543	228,858	245,527	238,005	245,720	238,597	417,830	179,124	173,850	153,800	151,807	150,236
Income from operations
23,908	15,504	-7,353	30,716	26,513	17,908	22,530	26,252	17,104	13,112	-3,484	6,417	9,169	5,849	10,027	16,774	13,930	18,464	16,944	22,920	15,067	18,793	23,000	24,413	14,629	19,133	22,480	23,629	19,251	13,621	18,893	19,248	17,395	47,705	8,422	6,111	3,830	4,655	4,068
Interest income
8	16	14	21	22	20	21	18	17	25	29	24	14	16	15	3	123	18	12	12	13	10	13	8	15	58	19	29	24	19	100	97	25	22	13	31	17	33	33
Interest expense
4,217	4,484	4,091	4,119	4,391	4,803	4,324	2,972	2,570	2,246	2,537	2,505	2,250	1,969	2,093	2,118	2,086	3,377	2,090	1,913	1,855	2,106	2,062	2,471	1,590	970	1,113	957	1,126	1,694	819	890	821	-	9	4	-	2	7
Other non-operating income (expense)
-3,605	606	163	96	953	-1,499	1,746	336	-395	120	721	464	68	514	170	112	138	-17	135	565	107	132	101	125	89	93	105	127	134	421	1,185	668	504	352	233	168	990	225	3,699
Income before income taxes
16,094	11,642	-11,267	26,714	23,097	11,626	19,973	23,634	14,156	11,011	-5,271	4,400	7,001	4,410	8,119	14,771	12,105	15,088	15,001	21,584	13,332	16,829	21,052	22,075	13,143	18,314	21,491	22,828	18,283	12,367	19,359	19,123	17,103	45,851	8,659	6,306	4,837	4,911	7,793
Income tax expense
3,931	2,905	-2,847	6,742	5,800	2,606	4,918	5,965	3,722	-13,390	-1,966	1,661	2,683	1,687	3,122	5,724	4,628	5,782	5,754	8,300	5,168	6,310	7,958	8,442	5,019	7,012	7,749	8,674	6,909	9,915	4,307	3,378	2,664	6,674	3,224	2,371	1,938	1,979	3,220
Net income
12,163	8,737	-8,420	19,972	17,297	9,020	15,055	17,669	10,434	24,401	-3,305	2,739	4,318	2,723	4,997	9,047	7,477	9,306	9,247	13,284	8,164	10,519	13,094	13,633	8,124	11,302	13,742	14,154	11,374	2,452	15,052	15,745	14,439	39,177	5,435	3,935	2,899	2,932	4,573
Earnings per common share:
Basic
0.45	0.33	-0.30	0.70	0.61	0.32	0.53	0.62	0.37	0.86	-0.12	0.10	0.15	0.09	0.18	0.32	0.26	0.34	0.32	0.44	0.27	0.35	0.44	0.45	0.27	0.37	0.46	0.47	0.38	0.09	0.50	0.52	0.48	0.92	0.35	0.25	0.19	0.18	0.29
Diluted
0.45	0.33	-0.30	0.70	0.61	0.32	0.53	0.62	0.37	0.86	-0.12	0.10	0.15	0.09	0.18	0.32	0.26	0.34	0.32	0.44	0.27	0.35	0.44	0.45	0.27	0.37	0.46	0.47	0.38	0.09	0.50	0.52	0.48	0.92	0.35	0.25	0.19	0.18	0.29
Weighted average number of common shares outstanding:
Basic
27,223	27,250	28,263	28,383	28,380	28,369	28,382	28,395	28,386	28,381	28,441	28,443	28,435	28,415	28,413	28,414	28,402	28,300	28,661	29,979	29,992	29,939	29,947	30,054	30,112	30,083	30,065	30,054	30,054	30,023	30,018	30,022	30,065	73,664	15,574	15,614	15,632	15,925	15,980
Diluted
27,223	27,250	28,264	28,385	28,381	28,373	28,392	28,402	28,393	28,390	28,444	28,443	28,435	28,415	28,413	28,414	28,402	28,301	28,661	29,980	29,998	29,944	29,982	30,092	30,158	30,130	30,118	30,196	30,196	30,039	30,018	30,022	30,065	73,664	15,574	15,614	15,632	15,925	15,980
Dividends declared per common share
0.10	0.10	0.10	0.10	0.10	0.21	0.10	0.10	0.10	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	-	0.07	-	0.00	-	-	-	-	-	1.00	-	-	0.00	-
Pre-merger dividends paid per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	1.00	-	-	-	-	-	-
Pro Forma provision for income taxes due to LINC Logistics Company conversion to "C" corporation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,027	4,029	4,003	-	-	-	-	-	-
Earnings per common share:
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	0.40	0.39	0.35	-	-	-	-	-	-
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.08	0.40	0.39	0.35	-	-	-	-	-	-
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Portion of loss recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net impairment loss recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Truckload services [Member]
Total operating revenues
58,898	58,442	62,615	64,846	65,671	73,758	80,204	82,657	77,192	71,868	82,812	76,744	71,490	65,438	72,127	73,827	69,821	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110,896	110,798	97,313	94,980	97,055
Brokerage services [Member]
Total operating revenues
85,900	85,260	94,442	89,371	85,867	98,133	98,801	92,486	78,159	82,199	73,285	64,714	57,989	55,659	58,003	56,498	49,738	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,588	42,165	36,805	39,186	34,757
Intermodal services [Member]
Total operating revenues
110,322	112,256	93,022	93,853	91,168	83,884	65,710	54,871	46,609	40,013	39,057	38,729	35,927	34,964	36,366	36,298	35,376	39,013	37,700	39,752	32,939	37,433	36,181	34,035	30,068	31,564	32,880	33,552	33,412	34,961	31,033	29,043	25,344	24,197	28,062	26,998	23,512	22,296	22,492
Dedicated services [Member]
Total operating revenues
31,579	33,046	32,730	35,867	37,021	37,433	36,195	35,700	35,020	48,354	22,135	24,375	24,896	23,996	25,200	24,053	22,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value-added services [Member]
Total operating revenues
95,463	86,928	92,676	99,238	97,679	93,170	93,382	100,211	98,133	71,589	95,712	100,637	94,140	83,994	79,797	86,137	83,376	110,251	68,400	75,105	70,218	69,837	69,170	76,009	69,480	48,199	47,936	51,181	47,770	44,016	41,207	44,494	45,258	-	-	-	-	-	-