← Filings of JBHT

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

39 tables with numbers, filed Feb 23, 2021. 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	7
Item 1B.	Unresolved Staff Comments	11
Item 2.	Properties	12
Item 3.	Legal Proceedings	12
Item 4.	Mine Safety Disclosures	12

Type	Acreage		Maintenance Shop/ Cross-dock Facility (square feet)		Office Space (square feet)
Maintenance and support facilities		499		1,078,000		188,000
Cross-dock and delivery system facilities		20		3,528,000		130,00
Corporate headquarters campus, Lowell, Arkansas		119		-		607,000
Branch sales offices		-		-		52,000
Other facilities, offices, and parking yards		409		117,000		262,000

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, 2020		143,912		$120.59			143,912		$503
November 1 through November 30, 2020		-			-			-		503
December 1 through December 31, 2020		-			-			-		503
Total		143,912		$120.59			143,912		$503

	Years Ended December 31,
	2015		2016		2017	2018	2019		2020
J.B. Hunt Transport Services, Inc.	$100.00		$133.79		$160.01	$130.55	$165.49		$195.45
S&P 500		100.00		111.96		136.40		130.42		171.49	203.04
Peer Group		100.00		128.31		172.63		171.77		220.44	269.20

Earnings data for the years ended December 31,	2020		2019		2018	2017	2016
Operating revenues	$9,637		$9,165		$8,615	$7,190	$6,555
Operating income		713		734		681		624	721
Net earnings		506		516		490		686	432
Basic earnings per share		4.79		4.81		4.48		6.24	3.84
Diluted earnings per share		4.74		4.77		4.43		6.18	3.81
Cash dividends per share		1.08		1.04		0.96		0.92	0.88
Operating expenses as a percentage of operating revenues:

Balance sheet data as of December 31,	2020		2019		2018		2017	2016
Working capital ratio		1.70		1.43			1.11		1.45		1.65
Total assets (millions)	$5,928		$5,471		$5,092		$4,465	$3,951
Stockholders’ equity (millions)	$2,600		$2,267		$2,101		$1,839	$1,414
Current portion of long-term debt (millions)		-		-		$251		-		-
Total debt (millions)	$1,305		$1,296		$1,149		$1,086	$986
Total debt to equity		0.50		0.57			0.55		0.59		0.70
Total debt as a percentage of total capital		33%		36%			35%		37%		41%

	Percentage of Operating Revenues		Percentage Change Between Years
	2020		2019		2018	2020 vs. 2019	2019 vs. 2018
Operating revenues		100.0%		100.0%		100.0%		5.1%	6.4%
Operating expenses:
Rents and purchased transportation		51.4		49.4		51.5		9.4	2.1
Salaries, wages and employee benefits		24.4		23.7		22.4		8.3	12.5
Depreciation and amortization		5.5		5.4		5.1		5.7	14.5
Fuel and fuel taxes		3.7		5.1		5.3		(22.8)	0.9

	Operating Revenue by Segment
	Years Ended December 31, (in millions)
	2020		2019		2018
JBI	$4,675		$4,745		$4,717
DCS		2,196		2,128		1,788
ICS		1,658		1,348		1,335
FMS		689		567		375
JBT		463		389		417

	Operating Income by Segment
	Years Ended December 31, (in millions)
	2020		2019		2018
JBI	$428		$447		$401
DCS		314		278		195
ICS		(45)		(11)		50
FMS		(1)		(9)		(2)
JBT		17		29		37

	Total		2021		2022-2023	2024-2025	2026 and thereafter
Operating leases	$144.9		$49.1		$61.5	$18.8	$15.5
Long-term debt obligations		1,300.0		-		350.0		250.0	700.0
Interest payments on debt (1)		180.6		42.3		77.1		56.7	4.5
Commitments to acquire revenue equipment and facilities		1,123.0		774.0		349.0		-	-
Total	$2,748.5		$865.4		$837.6	$325.5	$720.0

	Years Ended December 31,
	2020		2019		2018
JBI
Loads		2,019,391		1,979,169		2,049,014
Average length of haul (miles)		1,690		1,679		1,648
Revenue per load	$2,315		$2,397		$2,302
Average tractors during the period(1)		5,530		5,635		5,551
Tractors (end of period)		5,663		5,559		5,650

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		1,679,071		$-	(2)	5,120,327

Allowance for Doubtful Accounts and Other Receivables for the Years Ended:	Balance at Beginning of Year		Charged to Expense		Write-Offs, Net of Recoveries	Balance at End of Year
December 31, 2018		15.9		8.9		(0.9)	23.9
December 31, 2019		23.9		2.8		(13.4)	13.3
December 31, 2020		13.3		5.6		(0.5)	18.4

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)
4.5	Base Indenture, dated as of March 1, 2019 (incorporated by reference from Exhibit 4.1 of the Company’s current report on Form 8-K, filed March 1, 2019)

31.2	Rule 13a-14(a)/15d-14(a) Certification
32.1	Section 1350 Certification
101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document

	PAGE
Management’s Report on Internal Control Over Financial Reporting	36
Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements	37
Report of Independent Registered Public Accounting Firm on Internal Control Over Financial Reporting	39
Consolidated Balance Sheets as of December 31, 2020 and 2019	40
Consolidated Statements of Earnings for years ended December 31, 2020, 2019, and 2018	41
Consolidated Statements of Stockholders’ Equity for years ended December 31, 2020, 2019, and 2018	42
Consolidated Statements of Cash Flows for years ended December 31, 2020, 2019, and 2018	43

	2020		2019
Assets
Current assets:
Cash and cash equivalents	$313,302		$35,000
Trade accounts receivable, net		1,124,403		1,011,829
Other receivables		185,849		230,331
Inventories		23,804		21,106
Prepaid expenses		194,759		183,033

				Additional
	Common		Paid-in			Retained	Treasury	Stockholders’
	Stock		Capital			Earnings	Stock	Equity
Balances at December 31, 2017	$1,671		$310,811			$3,803,844	$(2,277,001)	$1,839,325
Comprehensive income:
Net earnings		-			-		489,585		-	489,585
Cash dividend declared and paid ($0.96 per share)		-			-		(104,994)		-	(104,994)
Purchase of treasury shares		-			-		-		(150,338)	(150,338)

Restricted Share Units	Number of Shares		Weighted Average Grant Date Fair Value
Unvested at December 31, 2017		1,242,528		$74.71
Granted		370,669			119.82
Vested		(337,512)			79.02
Forfeited		(29,850)			83.69
Unvested at December 31, 2018		1,245,835		$86.80
Granted		440,255			99.60
Vested		(341,218)			85.61

Performance Share Units	Number of Shares		Weighted Average Grant Date Fair Value
Unvested at December 31, 2017		328,187		$71.68
Granted		150,763			122.57
Vested		(118,438)			69.29
Forfeited		-			-
Unvested at December 31, 2018		360,512		$93.74
Granted		142,156			98.58
Vested		(127,140)			93.46

	December 31,
	2020		2019
Deferred tax assets:
Insurance accruals	$24,304		$27,180
Allowance for doubtful accounts		9,270		8,052
Compensation accrual		10,809		4,925
CARES Act payroll tax deferral		19,931		-
Deferred compensation accrual		25,702		24,521

	Asset/(Liability) Balance
	December 31,
	2020	2019	Input Level
Trading investments	$23.1	$20.4		1
Interest rate swap	$12.5	$4.8		2
Senior notes, net of unamortized discount and debt issuance costs	$(361.3)	$(353.1)		2

Year one	$49.1
Year two		37.6
Year three		23.9
Year four		12.4
Year five		6.4
Thereafter		15.5
Total lease payments		144.9
Less interest		(9.4)

Consideration	$25.6
Accounts receivable		2.8
Property and equipment		0.3
Right-of-use assets		4.4
Intangibles		14.0
Accounts payable and accrued liabilities		(0.4)
Lease liabilities		(4.4)
Goodwill	$8.8

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, 2020:”

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 five business segments during calendar year 2020. The operation of each of these businesses is described in our Notes to Consoli”

Table 9 after “We operated five business segments during calendar year 2020. 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, 2020:”

Table 12 after “The following table summarizes, as of December 31, 2020, information about compensation plans under which equity securities of the Company a”

Table 13 after “ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES”

Table 14 after “31”

Table 15 after “32”

Table 16 after “INDEX TO CONSOLIDATED FINANCIAL INFORMATION”

Table 17 after “39”

Table 18 after “40”

Table 19 after “41”

Table 20 after “42”

Table 21 after “We compute basic earnings per share by dividing net earnings available to common stockholders by the actual weighted average number of commo”

Table 22 after “Outstanding borrowings, net of unamortized discount, unamortized debt issuance cost, and fair value swap, under our current financing arrang”

Table 23 after “We account for our restricted share units and performance share units in accordance with current accounting standards for share-based paymen”

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

Table 25 after “A summary of our restricted share units and performance share units is as follows:”

Table 26 after “Income tax expense attributable to earnings before income taxes consists of (in thousands):”

Table 27 after “% as follows (in thousands):”

Table 28 after “are presented below (in thousands):”

Table 29 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 30 after “). The following are assets and liabilities measured at fair value on a recurring basis (in millions):”

Table 31 after “months are included in our Consolidated Balance Sheets as discounted liabilities and corresponding right-of-use assets consisting of the fol”

Table 32 after “are as follows (in millions):”

Table 33 after “in millions):”

Table 34 after “Prior to the Mass Movement acquisition, our intangible assets consisted of those arising from previous business acquisitions and our purchas”

Table 35 after “which has been reclassified to reflect our new segment reporting structure, is presented below (in millions):”

Table 36 after “which has been reclassified to reflect our new segment reporting structure, is presented below (in millions):”

Table 37 after “which has been reclassified to reflect our new segment reporting structure, is presented below (in millions):”

Table 38 after “which has been reclassified to reflect our new segment reporting structure, is presented below (in millions):”

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

							Weighted Average
	December 31,		Amortization
	2020		2019		Period
Finite-lived intangibles:
Customer relationships	$131.7		$118.6			11.0
Non-competition agreements		7.9		6.9				6.6
Trade names		3.8		3.8				2.0
LDC Network		10.5		10.5				10.0

	Assets (Excludes intercompany accounts)
	December 31,
	2020		2019
JBI	$2,426		$2,217
DCS		1,482		1,445
ICS		301		208
FMS		486		432
JBT		286		241

	Revenues
	Years ended December 31,
	2020		2019		2018
JBI	$4,675		$4,745		$4,717
DCS		2,196		2,128		1,788
ICS		1,658		1,348		1,335
FMS		689		567		375
JBT		463		389		417

	Depreciation and Amortization Expense
	Years ended December 31,
	2020		2019		2018
JBI	$189		$181		$173
DCS		224		216		176
FMS		33		30		24
JBT		34		33		38
Other		47		39		25

	Quarter
	First	Second	Third	Fourth
2020:
Operating revenues	$2,280,826	$2,145,573	$2,472,523	$2,737,652
Operating income	$154,741	$175,183	$175,503	$207,691
Net earnings	$104,834	$121,698	$125,496	$154,007
Basic earnings per share	$0.99	$1.15	$1.19	$1.46
Diluted earnings per share	$0.98	$1.14	$1.18	$1.44