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

16 tables with numbers, filed Apr 28, 2023. 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 Months Ended March 31, 2023 and 2022	3
	Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022	4
	Condensed Consolidated Statements of Stockholders’ Equity for the Three Months Ended March 31, 2023 and 2022	5
	Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2023 and 2022	6
	Notes to Condensed Consolidated Financial Statements as of March 31, 2023	7

	Three Months Ended
	March 31,
	2023		2022
Operating revenues, excluding fuel surcharge revenues	$2,731,453		$3,042,217
Fuel surcharge revenues		498,135		446,371
Total operating revenues		3,229,588		3,488,588
Operating expenses:
Rents and purchased transportation		1,467,798		1,837,340

	March 31, 2023		December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents	$52,604		$51,927
Trade accounts receivable, net		1,382,896		1,528,075
Prepaid expenses and other		553,427		631,776
Total current assets		1,988,927		2,211,778
Property and equipment, at cost		8,163,778		7,999,480

				Additional
	Common		Paid-in			Retained	Treasury	Stockholders’
	Stock		Capital			Earnings	Stock	Equity
Balances at December 31, 2021	$1,671		$448,217			$5,621,103	$(2,953,175)	$3,117,816
Comprehensive income:
Net earnings		-			-		243,325		-	243,325
Cash dividend declared and paid ($0.40 per share)		-			-		(41,940)		-	(41,940)
Purchase of treasury shares		-			-		-		(75,018)	(75,018)

	Three Months Ended March 31,
	2023		2022
Cash flows from operating activities:
Net earnings	$197,768		$243,325
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		175,812		148,763
Noncash lease expense		22,852		18,461
Share-based compensation		19,248		19,141

	March 31, 2023		December 31, 2022
Senior credit facility	$294.2		$314.7
Senior notes		947.3		947.0
Less current portion of long-term debt		(249.8)		-
Total long-term debt	$991.7		$1,261.7

	Asset Balance
	March 31, 2023	December 31, 2022	Input Level
Trading investments	$28.1	$25.1		1

	Assets (Excludes intercompany accounts) As of
	March 31, 2023		December 31, 2022
JBI	$3,262		$3,270
DCS		2,128		1,952
ICS		284		311
FMS		629		620
JBT		464		474
Other (includes corporate)		1,023		1,160

	Operating Revenues For The Three Months Ended March 31,
	2023		2022
JBI	$1,540		$1,603
DCS		879		776
ICS		385		659
FMS		225		235
JBT		206		230
Subtotal		3,235		3,503

	Operating Income/(Loss) For The Three Months Ended March 31,
	2023		2022
JBI	$168.7		$201.0
DCS		102.6		79.7
ICS		(5.4)		24.2
FMS		6.6		0.6
JBT		5.0		28.9
Other (includes corporate)		-		(0.1)

	Three Months Ended March 31,
	2023		2022
Restricted share units:
Pretax compensation expense	$12,722		$12,975
Tax benefit		3,252		3,250
Restricted share unit expense, net of tax	$9,470		$9,725
Performance share units:
Pretax compensation expense	$6,526		$6,166

	Three Months Ended March 31,
	Dollar Amounts as a Percentage of Total Operating Revenues		Percentage Change of Dollar Amounts Between Quarters
	2023		2022		2023 vs. 2022
Total operating revenues		100.0%		100.0%		(7.4%)
Operating expenses:
Rents and purchased transportation		45.4		52.7		(20.1)
Salaries, wages and employee benefits		25.5		21.9		8.0
Fuel and fuel taxes		6.1		5.4		3.4

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)
January 1 through January 31, 2023		34,490		$169.58			34,490		$545
February 1 through February 28, 2023		-			-			-		545
March 1 through March 31, 2023		148,429			168.43			148,429		520
Total		182,919		$168.65			182,919		$520

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)
3.3	Amendment No. 1 to the Second Amended and Restated Bylaws J.B. Hunt Transport Services, Inc., dated July 20, 2022 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed July 26, 2022)
3.4	Amendment No. 2 to the Second Amended and Restated Bylaws of J.B. Hunt Transport Services, Inc., dated January 19, 2023 (incorporated by reference from Exhibit 3.1 of the Company’s current report on Form 8-K, filed January 24, 2023)
10.1	Summary of Compensation Arrangements with Named Executive Officers for 2023 (incorporated by reference from Exhibit 99.1 of the Company’s current report on Form 8-K, filed January 24, 2023)
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, 2021, filed February 25, 2022)
31.1	Rule 13a-14(a)/15d-14(a) Certification

	Depreciation and Amortization Expense For The Three Months Ended March 31,
	2023		2022
JBI	$61.7		$52.7
DCS		76.2		65.4
FMS		12.0		9.4
JBT		10.8		7.5
Other (includes corporate)		15.1		13.8
Total	$175.8		$148.8

	Summary of Operating Segment Results For the Three Months Ended March 31, (in millions)
	Operating Revenues		Operating Income/(Loss)
	2023		2022		2023	2022
JBI	$1,540		$1,603		$168.7	$201.0
DCS		879		776		102.6	79.7
ICS		385		659		(5.4)	24.2
FMS		225		235		6.6	0.6
JBT		206		230		5.0	28.9

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

Table 1 after “Table of Contents”

Table 2 after “Table of Contents”

Table 3 after “3”

Table 4 after “4”

Table 5 after “5”

Table 6 after “The following table summarizes the components of our share-based compensation program expense (in thousands):”

Table 7 after “Outstanding borrowings, net of unamortized discount and unamortized debt issuance cost, under our current financing arrangements consist of ”

Table 8 after “The following assets are measured at fair value on a recurring basis (in millions):”

Table 9 after “A summary of certain segment information is presented below (in millions):”

Table 10 after “A summary of certain segment information is presented below (in millions):”

Table 11 after “A summary of certain segment information is presented below (in millions):”

Table 12 after “10”

Table 13 after “Comparison of Three Months Ended March 31, 2023 to Three Months Ended March 31, 2022”

Table 14 after “The following table sets forth items in our Condensed Consolidated Statements of Earnings as a percentage of operating revenues and the perc”

Table 15 after “The following table summarizes purchases of our common stock during the three months ended March 31, 2023:”

Table 16 after “19”