10-Q Filing

HEARTLAND EXPRESS INC CIK: 799233 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000799233-13-000025`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	htld-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 48 Cash Flow Statement 48 Stockholders Equity 13

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`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`	$119.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$127.51M	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`	$139.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$46.55M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$51.75M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$6.60M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	395.00M	shares	Point-in-time
Prepaid tires	`OtherPrepaidExpenseCurrent`	$5.83M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	90.69M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.28M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$2.35M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	84.77M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	84.77M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	5.92M	shares	Point-in-time
Treasury Stock, Shares	`TreasuryStockShares`	5.92M	shares	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$14.25M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$13.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$209.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$191.43M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.45M	USD	Point-in-time
Land and land improvements	`LandAndLandImprovements`	$17.45M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$27.56M	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`	$7.27M	USD	Point-in-time
Shop and service equipment	`MachineryAndEquipmentGross`	$7.26M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$395.86M	USD	Point-in-time
Revenue equipment	`RevenueEquipment`	$378.58M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$450.39M	USD	Point-in-time
Property, Plant and Equipment, Gross	`PropertyPlantAndEquipmentGross`	$432.33M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$178.68M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$189.96M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$242.37M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$271.71M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$19.99M	USD	Point-in-time
LONG-TERM INVESTMENTS	`LongTermInvestments`	$20.02M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.82M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$9.11M	USD	Point-in-time
OTHER ASSETS	`RestrictedCashAndInvestmentsNoncurrent`	$9.14M	USD	Point-in-time
Assets	`Assets`	$467.74M	USD	Point-in-time
Assets	`Assets`	$515.20M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$27.59M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.58M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$16.41M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$17.32M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReserveCurrent`	$13.92M	USD	Point-in-time
Insurance accruals	`SelfInsuranceReserveCurrent`	$12.63M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.64M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$7.44M	USD	Point-in-time
Other accruals	`OtherAccruedLiabilitiesCurrent`	$8.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$71.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$23.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesNoncurrent`	$22.12M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$54.94M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$51.31M	USD	Point-in-time
Insurance accruals less current portion	`SelfInsuranceReserveNoncurrent`	$57.59M	USD	Point-in-time
Insurance accruals less current portion	`SelfInsuranceReserveNoncurrent`	$57.76M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$134.82M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$132.02M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 11)	`CommitmentsAndContingencies`	-	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 90,689 in 2013 and 2012; outstanding, 84,770 in 2013 and 2012	`CommonStockValue`	$907.00K	USD	Point-in-time
Capital stock, common, $.01 par value; authorized 395,000 shares; issued 90,689 in 2013 and 2012; outstanding, 84,770 in 2013 and 2012	`CommonStockValue`	$907.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$386.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$368.31M	USD	Point-in-time
Treasury stock, at cost; 5,919 shares in 2013 and 2012	`TreasuryStockValue`	$80.54M	USD	Point-in-time
Treasury stock, at cost; 5,919 shares in 2013 and 2012	`TreasuryStockValue`	$80.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.28M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$308.75M	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$290.36M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$467.74M	USD	Point-in-time
Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$515.20M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`Revenues`	$134.27M	USD	1 Quarter
Operating Revenue	`Revenues`	$134.83M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$40.60M	USD	1 Quarter
Salaries, wages, and benefits	`LaborAndRelatedExpense`	$42.00M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$1.66M	USD	1 Quarter
Rent and purchased transportation	`RentAndPurchasedTransportation`	$1.30M	USD	1 Quarter
Fuel	`FuelCosts`	$42.98M	USD	1 Quarter
Fuel	`FuelCosts`	$42.70M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$5.44M	USD	1 Quarter
Operations and maintenance	`CostOfServicesMaintenanceCosts`	$5.65M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.42M	USD	1 Quarter
Operating taxes and licenses	`CostOfServicesDirectTaxesAndLicensesCosts`	$2.08M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.86M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$2.51M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$747.00K	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$774.00K	USD	1 Quarter
Depreciation	`Depreciation`	$15.07M	USD	1 Quarter
Depreciation	`Depreciation`	$13.94M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$3.81M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$3.98M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$11.18M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$4.21M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$104.07M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$111.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$23.78M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$30.21M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$142.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$123.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.92M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$30.33M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$10.60M	USD	1 Quarter
Federal and state income taxes	`IncomeTaxExpenseBenefit`	$7.33M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$19.73M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$16.59M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	86.47M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	84.77M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	85.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	86.83M	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 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$14.11M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$15.23M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.18M	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$3.05M	USD	1 Quarter
Amortization of stock-based compensation	`ShareBasedCompensation`	$902.00K	USD	1 Quarter
Amortization of stock-based compensation	`ShareBasedCompensation`	$354.00K	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$11.18M	USD	1 Quarter
Gain on disposal of property and equipment	`GainLossOnDispositionOfProperty`	$4.21M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$5.19M	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInReceivables`	$5.92M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.05M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.45M	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	1 Quarter
Accounts payable, accrued liabilities, and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.28M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.99M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.12M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.45M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$28.36M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.19M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.45M	USD	1 Quarter
Purchases of property and equipment, net of trades	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.98M	USD	1 Quarter
Purchases of property and equipment, net of trades	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.23M	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$25.00K	USD	1 Quarter
Maturity and calls of investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments`	$25.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$51.00K	USD	1 Quarter
Change in other assets	`IncreaseDecreaseInRestrictedCash`	$31.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.79M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$4.18M	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 in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$32.54M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.67M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$119.84M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$127.51M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$119.84M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$127.51M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$139.77M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$172.31M	USD	Point-in-time
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$434.00K	USD	1 Quarter
Cash paid during the period for income taxes, net of refunds	`IncomeTaxesPaidNet`	$1.26M	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$986.00K	USD	1 Quarter
Purchased property and equipment in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$18.75M	USD	1 Quarter
Common Stock Dividends Declared in Accounts Payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.70M	USD	1 Quarter
Common Stock Dividends Declared in Accounts Payable	`CommonStockDividendsDeclaredInAccountsPayable`	$1.74M	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Balance	`StockholdersEquity`	$308.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$290.36M	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.59M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Dividends on common stock	`DividendsCommonStock`	$-1.70M	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	$902.00K	USD	1 Quarter
Stock-based Compensation	`ShareBasedCompensation`	$354.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$308.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$290.36M	USD	Point-in-time

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