← Filings of JBHT

Tables in the 10-K of HUNT J B TRANSPORT SERVICES INC

39 tables with numbers, filed Mar 2, 2020. Each one downloads as a CSV for Excel or Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

		Page
	PART I
Item 1.	Business	2
Item 1A.	Risk Factors	6
Item 1B.	Unresolved Staff Comments	9
Item 2.	Properties	9
Item 3.	Legal Proceedings	10
Item 4.	Mine Safety Disclosures	10

Type	Acreage		Maintenance Shop/ Cross-dock Facility (square feet)	Office Space (square feet)
Maintenance and support facilities		488		1,065,000	196,000
Cross-dock and delivery system facilities		20		3,348,000	125,000
Corporate headquarters campus, Lowell, Arkansas		119		-	600,000
Branch sales offices		-		-	91,000
Other facilities, offices, and parking yards		335		129,000	253,000

Period	Number of Common Shares Purchased		Average Price Paid Per Common Share Purchased			Total Number of Shares Purchased as Part of a Publicly Announced Plan (1)		Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Plan (in millions) (1)
October 1 through October 31, 2019		-		$-			-		$145
November 1 through November 30, 2019		-			-			-		145
December 1 through December 31, 2019		441,097			113.30			441,097		95
Total		441,097		$113.30			441,097		$95

	Years Ended December 31,
	2014		2015		2016	2017	2018		2019
J.B. Hunt Transport Services, Inc.	$100.00		$87.97		$117.70	$140.76	$114.85		$145.58
S&P 500		100.00		101.38		113.51		138.29		132.23	173.86
Peer Group		100.00		84.66		108.63		146.15		145.42	186.63

Earnings data for the years ended December 31,	2019		2018		2017	2016	2015
Operating revenues	$9,165		$8,615		$7,190	$6,555	$6,188
Operating income		734		681		624		721	716
Net earnings		516		490		686		432	427
Basic earnings per share		4.81		4.48		6.24		3.84	3.69
Diluted earnings per share		4.77		4.43		6.18		3.81	3.66
Cash dividends per share		1.04		0.96		0.92		0.88	0.84
Operating expenses as a percentage of operating revenues:

Balance sheet data as of December 31,	2019		2018			2017		2016	2015
Working capital ratio		1.43			1.11			1.45		1.65		1.61
Total assets (millions)	$5,471		$5,092			$4,465		$3,951	$3,630
Stockholders’ equity (millions)	$2,267		$2,101			$1,839		$1,414	$1,300
Current portion of long-term debt (millions)		-		$251			-		-		-
Total debt (millions)	$1,296		$1,149			$1,086		$986	$998
Total debt to equity		0.57			0.55			0.59		0.70		0.77
Total debt as a percentage of total capital		36%			35%			37%		41%		43%

	Percentage of Operating Revenues		Percentage Change Between Years
	2019		2018		2017	2019 vs. 2018	2018 vs. 2017
Operating revenues		100.0%		100.0%		100.0%		6.4%	19.8%
Operating expenses:
Rents and purchased transportation		49.4		51.5		50.8		2.1	21.5
Salaries, wages and employee benefits		23.7		22.4		22.4		12.5	19.8
Depreciation and amortization		5.4		5.1		5.3		14.5	13.7
Fuel and fuel taxes		5.1		5.3		4.8		0.9	32.1

	Operating Revenue by Segment
	Years Ended December 31, (in millions)
	2019		2018		2017
JBI	$4,745		$4,717		$4,084
DCS		2,695		2,163		1,719
ICS		1,348		1,335		1,025
JBT		389		417		378
Total segment revenues		9,177		8,632		7,206

	Operating Income by Segment
	Years Ended December 31, (in millions)
	2019		2018		2017
JBI	$447		$401		$407
DCS		269		193		171
ICS		(11)		50		23
JBT		29		37		23
Total	$734		$681		$624

	Total		2020			2021-2022		2023-2024			2025 and thereafter
Operating leases	$133.7		$44.9		$59.0		$19.8		$10.0
Long-term debt obligations		1,300.0		-			350.0			250.0		700.0
Interest payments on debt (1)		238.7		48.2			92.6			66.3		31.6
Commitments to acquire revenue equipment and facilities		938.0		376.5			561.5			-		-
Total	$2,610.4		$469.6		$1,063.1		$336.1		$741.6

	Years Ended December 31,
	2019		2018		2017
JBI
Loads		1,979,169		2,049,014		1,999,807
Average length of haul (miles)		1,679		1,648		1,681
Revenue per load	$2,397		$2,302		$2,042
Average tractors during the period(1)		5,635		5,551		5,362
Tractors (end of period)

Plan Category(1)	Number of Securities To Be Issued Upon Exercise of Outstanding Options, Warrants, and Rights		Weighted- average Exercise Price of Outstanding Options, Warrants, and Rights			Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (A))
	(A)		(B)			(C)
Equity compensation plans approved by security holders		1,688,946		$-	(2)		5,710,001

Allowance for Doubtful Accounts, Revenue Adjustments and Other for the Years Ended:	Balance at Beginning of Year		Charged to Expense/ Against Revenue		Write-Offs, Net of Recoveries	Balance at End of Year
December 31, 2017		13.4		29.3		(18.7)	24.0
December 31, 2018		24.0		35.7		(23.9)	35.8
December 31, 2019		35.8		34.2		(47.5)	22.5

Exhibit
Number	Description
3.1		Amended and Restated Articles of Incorporation of J.B. Hunt Transport Services, Inc. dated May 19, 1988 (incorporated by reference from Exhibit 3.1 of the Company’s quarterly report on Form 10-Q for the period ended March 31, 2005, filed April 29, 2005)
3.2		Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc. dated April 23, 2015 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed April 27, 2015)
4.1		Description of Capital Stock of J.B. Hunt Transport Services, Inc.
4.2		Indenture (incorporated by reference from Exhibit 4.1 of the Company’s registration statement on Form S-3ASR (File No. 333-169365), filed September 14, 2010)
4.3		Third Supplemental Indenture (incorporated by reference from Exhibit 4.4 of the Company’s current report on Form 8-K, filed March 6, 2014)
4.4		Fourth Supplemental Indenture (incorporated by reference from Exhibit 4.3 of the Company’s current report on Form 8-K, filed August 6, 2015)

	PAGE
Management’s Report on Internal Control Over Financial Reporting	32
Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements	33
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting	35
Consolidated Balance Sheets as of December 31, 2019 and 2018	36
Consolidated Statements of Earnings for years ended December 31, 2019, 2018, and 2017	37
Consolidated Statements of Stockholders’ Equity for years ended December 31, 2019, 2018, and 2017	38
Consolidated Statements of Cash Flows for years ended December 31, 2019, 2018, and 2017	39

	2019		2018
Assets
Current assets:
Cash and cash equivalents	$35,000		$7,600
Trade accounts receivable, net		1,011,829		1,051,698
Other receivables, net		230,331		274,511
Inventories		21,106		21,977
Prepaid expenses		183,033		147,195

				Additional
	Common		Paid-in			Retained	Treasury	Stockholders’
	Stock		Capital			Earnings	Stock	Equity
Balances at December 31, 2016	$1,671		$293,087			$3,218,943	$(2,099,640)	$1,414,061
Comprehensive income:
Net earnings		-			-		686,263		-	686,263
Cash dividend declared and paid ($0.92 per share)		-			-		(101,362)		-	(101,362)
Purchase of treasury shares		-			-		-		(179,813)	(179,813)

	December 31,
	2019		2018
Senior revolving line of credit	$-		$307.1
Senior notes		1,295.7		842.0
Less current portion of long-term debt		-		(250.7)
Total long-term debt	$1,295.7		$898.4

Restricted Share Units	Number of Shares		Weighted Average Grant Date Fair Value
Unvested at December 31, 2016		1,502,656		$71.16
Granted		158,319			90.06
Vested		(380,702)			67.29
Forfeited		(37,745)			75.13
Unvested at December 31, 2017		1,242,528		$74.71
Granted		370,669			119.82
Vested		(337,512)			79.02

Performance Share Units	Number of Shares		Weighted Average Grant Date Fair Value
Unvested at December 31, 2016		484,054		$70.58
Granted		-			-
Vested		(155,867)			68.27
Forfeited		-			-
Unvested at December 31, 2017		328,187		$71.68
Granted		150,763			122.57
Vested		(118,438)			69.29

	Asset/(Liability) Balance
	December 31,
	2019	2018	Input Level
Trading investments	$20.4	$15.7		1
Interest rate swaps	$4.8	$(4.8)		2
Senior notes, net of unamortized discount and debt issuance costs	$(353.1)	$(591.3)		2

	Asset/(Liability) Balance
	December 31, 2019
Right-of-use assets	$125.5
Lease liabilities, current	$(44.4)
Lease liabilities, long-term	$(80.1)

Year one	$44.9
Year two		35.0
Year three		24.0
Year four		14.6
Year five		5.2
Thereafter		10.0
Total lease payments		133.7
Less interest		(9.2)

Consideration	$98.2
Accounts receivable		8.9
Other current assets		0.3
Property and equipment		0.8
Right-of-use assets		16.0
Intangible		45.8
Accounts payable and accrued liabilities		(5.8)
Lease liabilities		(16.0)

Tables in the 10-K of HUNT J B TRANSPORT SERVICES INC

Table 1 after “Table of Contents”

Table 2 after “A summary of our principal facilities in locations throughout the U.S. follows:”

Table 3 after “The following table summarizes purchases of our common stock during the three months ended December 31, 2019:”

Table 4 after “The following graph compares the cumulative 5-year total return of stockholders of our common stock with the cumulative total returns of the”

Table 5 after “(Dollars in millions, except per share amounts)”

Table 6 after “(Dollars in millions, except per share amounts)”

Table 7 after “The following table sets forth items in our Consolidated Statements of Earnings as a percentage of operating revenues and the percentage inc”

Table 8 after “We operated four business segments during calendar year 2019. The operation of each of these businesses is described in our Notes to Consoli”

Table 9 after “We operated four business segments during calendar year 2019. The operation of each of these businesses is described in our Notes to Consoli”

Table 10 after “Operating Data by Segment”

Table 11 after “The following table summarizes our expected obligations and commitments (in millions) as of December 31, 2019:”

Table 12 after “The following table summarizes, as of December 31, 2019, information about compensation plans under which equity securities of the Company a”

Table 13 after “Schedule II – Valuation and Qualifying Accounts (in millions)”

Table 14 after “28”

Table 15 after “INDEX TO CONSOLIDATED FINANCIAL INFORMATION”

Table 16 after “35”

Table 17 after “36”

Table 18 after “37”

Table 19 after “38”

Table 20 after “We compute basic earnings per share by dividing net earnings available to common stockholders by the actual weighted average number of commo”

Table 21 after “Outstanding borrowings, net of unamortized discount, unamortized debt issuance cost, and fair value swap, under our current financing arrang”

Table 22 after “We account for our restricted share units and performance share units in accordance with current accounting standards for share-based paymen”

Table 23 after “A summary of our restricted share units and performance share units is as follows:”

Table 24 after “A summary of our restricted share units and performance share units is as follows:”

Table 25 after “Income tax expense attributable to earnings before income taxes consists of (in thousands):”

Table 26 after “% as follows (in thousands):”

Table 27 after “are presented below (in thousands):”

Table 28 after “of being sustained under tax audits. We have made adjustments to the balance of unrecognized tax benefits, a component of other long-term li”

Table 29 after “). The following are assets and liabilities measured at fair value on a recurring basis (in millions):”

Table 30 after “months are included in our Consolidated Balance Sheets as discounted liabilities and corresponding right-of-use assets consisting of the fol”

Table 31 after “are as follows (in millions):”

Table 32 after “in millions):”

Table 33 after “in millions):”

Table 34 after “Prior to the Cory and RDI acquisitions, our intangible assets consisted of those arising from a previous business acquisition and our purcha”

Table 35 after “is presented below (in millions):”

Table 36 after “is presented below (in millions):”

Table 37 after “is presented below (in millions):”

Table 38 after “is presented below (in millions):”

Table 39 after “are as follows (in thousands, except per share data):”

Consideration	$17.4
Accounts receivable		1.5
Other current assets		0.3
Property and equipment		0.5
Right-of-use assets		3.1
Intangible		8.1
Accounts payable and accrued liabilities		(1.1)
Lease liabilities		(3.1)

	December 31,		Weighted Average Amortization
	2019		2018		Period
Finite-lived intangibles:
Customer relationships	$118.6		$75.3			11.5
Non-competition agreements		6.9		0.2			6.8
Trade names		3.8		-			2.0
LDC Network		10.5		10.5			10.0
Total finite-lived intangibles		139.8		86.0

	Assets (Excludes intercompany accounts)
	December 31,
	2019		2018
JBI	$2,217		$2,221
DCS		1,877		1,595
ICS		208		212
JBT		241		307
Other (includes corporate)		928		757

	Revenues
	Years ended December 31,
	2019		2018		2017
JBI	$4,745		$4,717		$4,084
DCS		2,695		2,163		1,719
ICS		1,348		1,335		1,025
JBT		389		417		378
Total segment revenues		9,177		8,632		7,206

	Depreciation and Amortization Expense
	Years ended December 31,
	2019		2018		2017
JBI	$181		$173		$163
DCS		246		200		158
JBT		33		38		41
Other		39		25		22
Total	$499		$436		$384

	Quarter
	First	Second	Third	Fourth
2019:
Operating revenues	$2,089,627	$2,261,647	$2,363,660	$2,450,323
Operating income	$167,795	$193,093	$167,862	$205,074
Net earnings	$119,601	$133,633	$118,410	$144,676
Basic earnings per share	$1.10	$1.24	$1.11	$1.36
Diluted earnings per share	$1.09	$1.23	$1.10	$1.35