10-Q Filing

HEARTLAND EXPRESS INC CIK: 799233 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0000799233-11-000017`
Period End Date	20110331
Filing Date	20110506
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	htld-20110331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 40 Cash Flow Statement 46 Stockholders Equity 11

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value or stated value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value or stated value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$52.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.71M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$8.30M	USD	Point-in-time
Common stock, par value or stated value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value or stated value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$41.62M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$46.61M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$11.95M	USD	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$6.57M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	90.69M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.74M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	90.69M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.73M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.05M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$12.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$13.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$193.79M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$222.85M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.44M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.44M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$26.76M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$26.76M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$2.27M	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$2.27M	USD	Point-in-time
Shop and service equipment	`MachineryAndEquipmentGross`	$6.46M	USD	Point-in-time
Shop and service equipment	`MachineryAndEquipmentGross`	$7.37M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$333.25M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$342.05M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$395.89M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$386.19M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$165.74M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$168.06M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$220.45M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$227.83M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$80.39M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$73.27M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$6.59M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$6.58M	USD	Point-in-time
Assets	`Assets`	$535.34M	USD	Point-in-time
Assets	`Assets`	$506.04M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$17.56M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.97M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.88M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$14.82M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReservesCurrent`	$16.34M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReservesCurrent`	$16.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.91M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$6.76M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$7.23M	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$48.90M	USD	Point-in-time
Liabilities, Current	`LiabilitiesCurrent`	$61.95M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$27.31M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$25.50M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$45.87M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$40.92M	USD	Point-in-time
Insurance accruals less current portion	`InsuranceAccrualsLessCurrentPortion`	$54.72M	USD	Point-in-time
Insurance accruals less current portion	`InsuranceAccrualsLessCurrentPortion`	$54.77M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$126.14M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$122.95M	USD	Point-in-time
Preferred stock, par value $.01; authorized 5,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01; authorized 5,000 shares; none issued	`PreferredStockValue`	-	USD	Point-in-time
Capital stock, common, $.01 par value; authorized 395,000 shares; issued and outstanding 90,689 in 2011 and 2010	`CommonStockValue`	$907.00K	USD	Point-in-time
Capital stock, common, $.01 par value; authorized 395,000 shares; issued and outstanding 90,689 in 2011 and 2010	`CommonStockValue`	$907.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$439.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$439.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$335.92M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$348.99M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.08M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$347.25M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$334.19M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$535.34M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$506.04M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`Revenues`	$127.69M	USD	1 Quarter
Operating Revenue	`Revenues`	$115.62M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$42.20M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$40.54M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$2.39M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$1.94M	USD	1 Quarter
Fuel	`FuelCosts`	$39.15M	USD	1 Quarter
Fuel	`FuelCosts`	$29.54M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$5.10M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$3.43M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.31M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$1.82M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.95M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.49M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$902.00K	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$644.00K	USD	1 Quarter
Depreciation	`Depreciation`	$12.38M	USD	1 Quarter
Depreciation	`Depreciation`	$15.72M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$2.99M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$3.48M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$507.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$3.87M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$105.82M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$99.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.87M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$403.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$237.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.11M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$7.23M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$4.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$0.13	USD	1 Quarter
Earnings per share	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	90.69M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	90.69M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$15.72M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$12.53M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.21M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.54M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$507.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$3.87M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$4.47M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$4.99M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.23M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$491.00K	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.93M	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.33M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.46M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.15M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.71M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.94M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.66M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.67M	USD	1 Quarter
Purchases of property and equipment, net of trades	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.43M	USD	1 Quarter
Purchases of property and equipment, net of trades	`PaymentsToAcquirePropertyPlantAndEquipment`	$160.00K	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$5.20M	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$15.43M	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$54.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$-8.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$670.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.36M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.61M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$52.35M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.71M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$52.35M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$145.73M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$87.71M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$121.12M	USD	Point-in-time
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$545.00K	USD	1 Quarter
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$100.00K	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$90.00K	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$3.36M	USD	1 Quarter
Common stock dividends declared in accounts payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.81M	USD	1 Quarter
Common stock dividends declared in accounts payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.81M	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends on common stock per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$334.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$347.25M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Unrealized loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Total comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease`	$14.88M	USD	1 Quarter
Dividends on common stock, $0.02 per share	`DividendsCommonStock`	$-1.81M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$334.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$347.25M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.