← Filings of JBHT
Tables in the 10-Q of HUNT J B TRANSPORT SERVICES INC
21 tables with numbers, filed Oct 28, 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. Financial Information | | |
| Item 1. | Financial Statements | |
| Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended September 30, 2021 and 2020 | 3 |
| Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020 | 4 |
| Condensed Consolidated Statements of Stockholders’ Equity for the Three and Nine Months Ended September 30, 2021 and 2020 | 5 |
| Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2021 and 2020 | 6 |
| Notes to Condensed Consolidated Financial Statements as of September 30, 2021 | 7 |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended | | Nine Months Ended | | | | |
| September 30, | | September 30, | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| Operating revenues, excluding fuel surcharge revenues | $2,813,939 | | $2,296,053 | | $7,808,954 | $6,327,876 | |
| Fuel surcharge revenues | | 330,873 | | 176,470 | | 862,377 | 571,045 |
| Total operating revenues | | 3,144,812 | | 2,472,523 | | 8,671,331 | 6,898,921 |
| Operating expenses: | | | | | | | |
| Rents and purchased transportation | | 1,667,236 | | 1,297,333 | | 4,557,770 | 3,467,782 |
First 8 of 26 rows. The CSV has all of them.
| September 30, 2021 | | December 31, 2020 | |
| ASSETS | | | | |
| Current assets: | | | | |
| Cash and cash equivalents | $529,595 | | $313,302 | |
| Trade accounts receivable, net | | 1,442,948 | | 1,124,403 |
| Prepaid expenses and other | | 292,604 | | 404,412 |
| Total current assets | | 2,265,147 | | 1,842,117 |
| Property and equipment, at cost | | 6,350,141 | | 5,908,710 |
First 8 of 26 rows. The CSV has all of them.
| Three Months Ended September 30, 2020 and 2021 | | | | | | | | | |
| | | | Additional | | | | | | |
| Common | | Paid-in | | | Retained | Treasury | Stockholders’ | | |
| Stock | | Capital | | | Earnings | Stock | Equity | | |
| Balances at June 30, 2020 | $1,671 | | $402,653 | | | $4,762,295 | $(2,775,776) | $2,390,843 | | |
| Comprehensive income: | | | | | | | | | | |
| Net earnings | | - | | | - | | 125,496 | | - | 125,496 |
| Cash dividend declared and paid ($0.27 per share) | | - | | | - | | (28,533) | | - | (28,533) |
First 8 of 20 rows. The CSV has all of them.
| Nine Months Ended September 30, 2020 and 2021 | | | | | | | | | |
| | | | Additional | | | | | | |
| Common | | Paid-in | | | Retained | Treasury | Stockholders’ | | |
| Stock | | Capital | | | Earnings | Stock | Equity | | |
| Balances at December 31, 2019 | $1,671 | | $374,049 | | | $4,592,938 | $(2,701,629) | $2,267,029 | | |
| Comprehensive income: | | | | | | | | | | |
| Net earnings | | - | | | - | | 352,028 | | - | 352,028 |
| Cash dividend declared and paid ($0.81 per share) | | - | | | - | | (85,708) | | - | (85,708) |
First 8 of 20 rows. The CSV has all of them.
| Nine Months Ended | | | |
| September 30, | | | |
| 2021 | | 2020 | |
| Cash flows from operating activities: | | | | |
| Net earnings | $518,597 | | $352,028 | |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | | | | |
| Depreciation and amortization | | 415,839 | | 392,786 |
| Noncash lease expense | | 40,160 | | 34,110 |
First 8 of 40 rows. The CSV has all of them.
Table 7 after “The following table summarizes the components of our share-based compensation program expense (in thousands):”
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| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| Restricted share units: | | | | | | | |
| Pretax compensation expense | $11,677 | | $11,250 | | $34,669 | $38,358 | |
| Tax benefit | | 2,931 | | 2,880 | | 8,702 | 9,820 |
| Restricted share unit expense, net of tax | $8,746 | | $8,370 | | $25,967 | $28,538 | |
| Performance share units: | | | | | | | |
| Pretax compensation expense | $4,269 | | $3,344 | | $12,742 | $10,300 | |
First 8 of 10 rows. The CSV has all of them.
Table 8 after “Outstanding borrowings, net of unamortized discount, unamortized debt issuance cost and fair value swap, under our current financing arrange”
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| September 30, 2021 | | December 31, 2020 | |
| Senior notes | $1,299.6 | | $1,305.4 | |
| Less current portion of long-term debt | | (354.7) | | - |
| Total long-term debt | $944.9 | | $1,305.4 | |
| Asset/(Liability) Balance | | | |
| September 30, 2021 | December 31, 2020 | Input Level | |
| Trading investments | $25.1 | $23.1 | | 1 |
| Interest rate swap | $5.2 | $12.5 | | 2 |
| Senior notes, net of unamortized discount and debt issuance costs | $(354.7) | $(361.3) | | 2 |
Table 10 after “A summary of certain segment information is presented below (in millions):”
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| Assets (Excludes intercompany accounts) | | | |
| September 30, 2021 | | December 31, 2020 | |
| JBI | $2,798 | | $2,426 | |
| DCS | | 1,661 | | 1,482 |
| ICS | | 394 | | 301 |
| FMS | | 472 | | 486 |
| JBT | | 358 | | 286 |
| Other (includes corporate) | | 830 | | 947 |
First 8 of 9 rows. The CSV has all of them.
Table 11 after “A summary of certain segment information is presented below (in millions):”
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| Operating Revenues | | | | | | |
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| JBI | $1,413 | | $1,211 | | $3,879 | $3,426 | |
| DCS | | 665 | | 533 | | 1,866 | 1,628 |
| ICS | | 666 | | 431 | | 1,799 | 1,071 |
| FMS | | 206 | | 182 | | 620 | 475 |
| JBT | | 204 | | 109 | | 537 | 322 |
First 8 of 11 rows. The CSV has all of them.
Table 12 after “A summary of certain segment information is presented below (in millions):”
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| Operating Income/(Loss) | | | | | | |
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| JBI | $165.1 | | $108.4 | | $407.2 | $317.7 | |
| DCS | | 78.1 | | 80.4 | | 231.5 | 236.4 |
| ICS | | 14.7 | | (18.3) | | 25.1 | (50.3) |
| FMS | | 1.3 | | 2.1 | | 20.5 | (6.5) |
| JBT | | 14.7 | | 2.9 | | 39.0 | 8.2 |
First 8 of 10 rows. The CSV has all of them.
Table 13 after “A summary of certain segment information is presented below (in millions):”
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| Depreciation and Amortization Expense | | | | | | |
| Three Months Ended September 30, | | Nine Months Ended September 30, | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| JBI | $48.9 | | $47.4 | | $147.5 | $140.7 | |
| DCS | | 58.3 | | 55.9 | | 173.6 | 167.8 |
| ICS | | 0.2 | | 0.3 | | 0.6 | 0.9 |
| FMS | | 8.7 | | 8.2 | | 26.3 | 24.6 |
| JBT | | 9.1 | | 8.8 | | 26.8 | 25.6 |
First 8 of 10 rows. The CSV has all of them.
Table 14 after “Comparison of Three Months Ended September 30, 2021 to Three Months Ended September 30, 2020”
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| Summary of Operating Segment Results For the Three Months Ended September 30, (in millions) | | | | | | |
| Operating Revenues | | Operating Income/(Loss) | | | | |
| 2021 | | 2020 | | 2021 | 2020 | |
| JBI | $1,413 | | $1,211 | | $165.1 | $108.4 | |
| DCS | | 665 | | 553 | | 78.1 | 80.4 |
| ICS | | 666 | | 431 | | 14.7 | (18.3) |
| FMS | | 206 | | 182 | | 1.3 | 2.1 |
| JBT | | 204 | | 109 | | 14.7 | 2.9 |
First 8 of 12 rows. The CSV has all of them.
Table 15 after “The following table sets forth items in our Condensed Consolidated Statements of Earnings as a percentage of operating revenues and the perc”
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| Three Months Ended September 30, | | | | | |
| Dollar Amounts as a Percentage of Total Operating Revenues | | Percentage Change of Dollar Amounts Between Quarters | | | |
| 2021 | | 2020 | | 2021 vs. 2020 | |
| Total operating revenues | | 100.0% | | 100.0% | | 27.2% |
| Operating expenses: | | | | | | |
| Rents and purchased transportation | | 53.0 | | 52.5 | | 28.5 |
| Salaries, wages and employee benefits | | 22.6 | | 24.0 | | 19.8 |
| Depreciation and amortization | | 4.4 | | 5.4 | | 4.9 |
First 8 of 20 rows. The CSV has all of them.
Table 16 after “Comparison of Nine Months Ended September 30, 2021 to Nine Months Ended September 30, 2020”
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| Summary of Operating Segment Results For the Nine Months Ended September 30, (in millions) | | | | | | | |
| Operating Revenues | | | Operating Income/(Loss) | | | | |
| 2021 | | 2020 | | | 2021 | 2020 | |
| JBI | $3,879 | | $3,426 | | | $407.2 | $317.7 | |
| DCS | | 1,866 | | | 1,628 | | 231.5 | 236.4 |
| ICS | | 1,799 | | | 1,071 | | 25.1 | (50.3) |
| FMS | | 620 | | | 475 | | 20.5 | (6.5) |
| JBT | | 537 | | | 322 | | 39.0 | 8.2 |
First 8 of 12 rows. The CSV has all of them.
Table 17 after “The following table sets forth items in our Condensed Consolidated Statements of Earnings as a percentage of operating revenues and the perc”
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| Nine Months Ended September 30, | | | | | |
| Dollar Amounts as a Percentage of Total Operating Revenues | | Percentage Change of Dollar Amounts Between Periods | | | |
| 2021 | | 2020 | | 2021 vs. 2020 | |
| Total operating revenues | | 100.0% | | 100.0% | | 25.7% |
| Operating expenses: | | | | | | |
| Rents and purchased transportation | | 52.6 | | 50.3 | | 31.4 |
| Salaries, wages and employee benefits | | 23.0 | | 25.0 | | 15.9 |
| Depreciation and amortization | | 4.8 | | 5.7 | | 5.9 |
First 8 of 20 rows. The CSV has all of them.
| September 30, 2021 | | December 31, 2020 | | September 30, 2020 | |
| Working capital ratio | | 1.38 | | 1.70 | | 1.58 |
| Current portion of long-term debt (millions) | $354.7 | | $- | | $- | |
| Total debt (millions) | $1,299.6 | | $1,305.4 | | $1,303.4 | |
| Total debt to equity | | 0.44 | | 0.50 | | 0.52 |
| Total debt as a percentage of total capital | | 31% | | 33% | | 34% |
Table 19 after “The following table summarizes our expected obligations and commitments as of September 30, 2021 (in millions):”
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| Total | | One Year Or Less | | One to Three Years | Three to Five Years | After Five Years | | |
| Operating leases | $194.4 | | $58.2 | | $69.2 | $27.5 | $39.5 | | |
| Debt obligations | | 1,300.0 | | 350.0 | | 250.0 | | 700.0 | - |
| Interest payments on debt (1) | | 148.8 | | 41.6 | | 68.8 | | 38.4 | - |
| Commitments to acquire revenue equipment and facilities | | 2,371.8 | | 1,291.3 | | 1,080.5 | | - | - |
| Total | $4,015.0 | | $1,741.1 | | $1,468.5 | $765.9 | $39.5 | | |
Table 20 after “The following table summarizes purchases of our common stock during the three months ended September 30, 2021:”
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| 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) | | |
| July 1 through July 31, 2021 | | - | | $- | | | - | | $416 | |
| August 1 through August 31, 2021 | | 201,676 | | | 175.20 | | | 201,676 | | 381 |
| September 1 through September 30, 2021 | | 84,007 | | | 178.58 | | | 84,007 | | 366 |
| Total | | 285,683 | | $176.20 | | | 285,683 | | $366 | |
| Exhibit Number | Exhibits |
| 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 | Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc. dated October 21, 2021 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed October 27, 2021) |
| 22.1 | List of Guarantor Subsidiaries of J.B. Hunt Transport Services, Inc. (incorporated by reference from Exhibit 22.1 of the Company’s annual report on Form 10-K for the year ended December 31, 2020, filed February 23, 2021) |
| 31.1 | Rule 13a-14(a)/15d-14(a) Certification |
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification |
| 32.1 | Section 1350 Certification |
| 32.2 | Section 1350 Certification |
First 8 of 15 rows. The CSV has all of them.