Universal logistics holdings, inc. (ULH)
Income statement / TTM
Apr'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 revenues:
Transportation services, including related party amounts of $1,090, $400 and $138, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

713,878

732,541

749,896

769,308

753,883

737,953

719,887

706,998

707,384

711,195

723,187

741,650

0

0

0

-

-

-

-

-

-

Total operating revenues

1,516,754

1,511,998

1,522,444

1,521,251

1,504,001

1,461,708

1,389,353

1,328,062

1,267,336

1,216,665

1,166,693

1,125,185

1,096,799

1,072,751

1,094,691

1,107,412

1,125,606

1,128,773

1,145,262

1,163,176

1,175,718

1,191,521

1,148,589

1,108,124

1,064,747

1,033,492

1,033,092

1,028,327

1,029,123

1,037,006

1,243,393

1,174,041

1,089,034

990,672

681,599

648,357

0

0

0

Operating expenses:
Purchased transportation and equipment rent

726,610

723,079

729,100

731,437

731,333

716,019

676,883

643,921

608,269

577,485

551,370

529,925

519,337

509,775

525,215

540,070

557,143

567,558

586,967

600,549

606,982

615,327

596,646

579,813

565,935

560,024

566,153

571,606

581,916

592,493

623,407

618,931

606,612

581,980

523,836

496,317

0

0

0

Direct personnel and related benefits

372,464

368,243

372,869

368,112

361,865

354,654

340,560

330,941

324,776

314,364

303,159

291,680

276,345

265,316

259,589

247,614

235,459

222,454

210,608

204,409

206,444

208,505

202,815

198,796

188,665

178,441

172,001

167,144

163,260

163,069

0

0

0

-

-

-

-

-

-

Operating supplies and expenses

120,692

120,767

124,162

125,816

125,415

122,736

117,209

113,396

114,527

115,420

115,960

113,379

107,333

103,013

107,731

107,489

111,164

113,545

107,591

110,653

112,638

116,611

112,086

102,487

91,121

79,263

76,193

74,592

72,541

71,117

108,600

94,774

80,345

66,313

13,478

13,794

0

0

0

Commission expense

30,538

31,204

32,767

34,429

36,304

37,381

37,228

36,078

34,582

33,213

31,966

31,680

31,822

32,350

34,500

35,934

37,098

37,844

39,494

41,530

43,009

43,922

42,434

40,879

39,644

39,248

39,811

40,339

41,251

42,157

42,638

42,952

42,928

42,593

41,627

40,535

0

0

0

Occupancy expense

36,192

36,645

35,650

34,680

32,612

30,701

30,148

30,242

30,117

30,575

31,152

31,723

32,031

31,923

30,603

29,267

27,900

27,004

26,445

25,904

25,583

25,063

23,917

22,380

21,394

20,049

19,445

19,629

19,253

19,275

0

0

0

-

-

-

-

-

-

General and administrative

44,180

44,497

38,477

34,792

32,777

31,523

31,452

32,670

31,547

31,518

31,452

29,985

30,219

29,368

24,300

26,251

28,788

30,687

40,282

40,614

41,799

42,214

38,257

36,377

34,665

33,046

41,251

40,986

41,523

41,159

15,156

20,633

24,580

29,865

50,939

50,955

0

0

0

Insurance and claims

45,938

47,418

53,517

31,024

31,367

30,475

24,096

37,239

41,483

41,881

40,075

24,462

19,410

17,724

18,377

20,026

21,415

21,413

24,781

24,442

23,540

25,991

22,190

21,454

21,185

19,242

19,655

19,264

19,522

20,342

24,954

23,977

23,204

21,843

17,196

16,842

0

0

0

Depreciation and amortization

77,365

74,765

68,118

63,294

59,125

54,425

52,779

50,591

48,886

46,995

43,608

40,889

38,483

36,702

35,181

34,649

34,381

34,873

35,370

35,295

34,450

33,053

29,069

25,283

22,267

19,686

19,602

19,373

18,844

18,237

22,400

20,893

19,313

17,731

11,505

11,250

0

0

0

Total operating expenses

1,453,979

1,446,618

1,454,660

1,423,584

1,410,798

1,377,914

1,310,355

1,275,078

1,234,187

1,191,451

1,148,742

1,093,723

1,054,980

1,026,171

1,035,496

1,041,300

1,053,348

1,055,378

1,071,538

1,083,396

1,094,445

1,110,686

1,067,414

1,027,469

984,876

948,999

954,111

952,933

958,110

967,849

1,140,152

1,081,271

1,009,401

924,604

658,581

629,693

0

0

0

Income from operations

62,775

65,380

67,784

97,667

93,203

83,794

78,998

52,984

33,149

25,214

17,951

31,462

41,819

46,580

59,195

66,112

72,258

73,395

73,724

79,780

81,273

80,835

81,175

80,655

79,871

84,493

78,981

75,394

71,013

69,157

103,241

92,770

79,633

66,068

23,018

18,664

0

0

0

Interest income

59

73

77

84

81

76

81

89

95

92

83

69

48

157

159

156

165

55

47

48

44

46

94

100

121

130

91

172

240

241

244

157

91

83

94

114

0

0

0

Interest expense

16,911

17,085

17,404

17,637

16,490

14,669

12,112

10,325

9,858

9,538

9,261

8,817

8,430

8,266

9,674

9,671

9,466

9,235

7,964

7,936

8,494

8,229

7,093

6,144

4,630

4,166

4,890

4,596

4,529

4,224

2,539

1,724

0

-

0

0

-

0

0

Other non-operating income (expense)

-2,740

1,818

-287

1,296

1,536

188

1,807

782

910

1,373

1,767

1,216

864

934

403

368

821

790

939

905

465

447

408

412

414

459

787

1,867

2,408

2,778

2,709

1,757

1,257

1,743

1,616

5,082

0

0

0

Income before income taxes

43,183

50,186

50,170

81,410

78,330

69,389

68,774

43,530

24,296

17,141

10,540

23,930

34,301

39,405

50,083

56,965

63,778

65,005

66,746

72,797

73,288

73,099

74,584

75,023

75,776

80,916

74,969

72,837

69,132

67,952

101,436

90,736

77,919

65,653

24,713

23,847

0

0

0

Income tax expense

10,731

12,600

12,301

20,066

19,289

17,211

1,215

-5,669

-9,973

-11,012

4,065

9,153

13,216

15,161

19,256

21,888

24,464

25,004

25,532

27,736

27,878

27,729

28,431

28,222

28,454

30,344

33,247

29,805

24,509

20,264

17,023

15,940

14,933

14,207

9,512

9,508

0

0

0

Net income

32,452

37,586

37,869

61,344

59,041

52,178

67,559

49,199

34,269

28,153

6,475

14,777

21,085

24,244

30,827

35,077

39,314

40,001

41,214

45,061

45,410

45,370

46,153

46,801

47,322

50,572

41,722

43,032

44,623

47,688

84,413

74,796

62,986

51,446

15,201

14,339

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,059

0

0

0

-

-

-

-

-

-

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

244,801

251,574

266,890

284,479

302,290

313,811

311,921

314,529

308,616

302,914

296,484

285,799

282,882

281,213

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Brokerage services [Member]
Total operating revenues

354,973

354,940

367,813

372,172

375,287

367,579

351,645

326,129

298,357

278,187

251,647

236,365

228,149

219,898

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Intermodal services [Member]
Total operating revenues

409,453

390,299

361,927

334,615

295,633

251,074

207,203

180,550

164,408

153,726

148,677

145,986

143,555

143,004

147,053

148,387

151,841

149,404

147,824

146,305

140,588

137,717

131,848

128,547

128,064

131,408

134,805

132,958

128,449

120,381

109,617

106,646

104,601

102,769

100,868

95,298

0

0

0

Dedicated services [Member]
Total operating revenues

133,222

138,664

143,051

146,516

146,349

144,348

155,269

141,209

129,884

119,760

95,402

98,467

98,145

95,332

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Value-added services [Member]
Total operating revenues

374,305

376,521

382,763

383,469

384,442

384,896

363,315

365,645

366,071

362,078

374,483

358,568

344,068

333,304

359,561

348,164

337,132

323,974

283,560

284,330

285,234

284,496

262,858

241,624

216,796

195,086

190,903

184,174

177,487

174,975

0

0

0

-

-

-

-

-

-