10-Q Filing

SAIA INC CIK: 1177702 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001564590-22-017050`
Period End Date	20220331
Filing Date	20220502
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	saia-10q_20220331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 40 Cash Flow Statement 38 Stockholders Equity 16

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.59M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$322.34M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$276.75M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$32.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$47.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$510.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$416.25M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.34M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.14B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.41M	shares	Point-in-time
Property and Equipment, at cost	`PropertyPlantAndEquipmentGross`	$2.16B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.34M	shares	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$864.07M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.41M	shares	Point-in-time
Less: accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$890.93M	USD	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	80,174.00	shares	Point-in-time
Deferred compensation trust	`CommonStockSharesHeldInEmployeeTrustShares`	94,627.00	shares	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.28B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$1.27B	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$103.89M	USD	Point-in-time
Operating Lease Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$107.78M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$18.87M	USD	Point-in-time
Goodwill and Identifiable Intangibles, net	`IntangibleAssetsNetIncludingGoodwill`	$19.16M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$21.60M	USD	Point-in-time
Other Noncurrent Assets	`OtherAssetsNoncurrent`	$27.36M	USD	Point-in-time
Total assets	`Assets`	$1.93B	USD	Point-in-time
Total assets	`Assets`	$1.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$114.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.16M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$73.11M	USD	Point-in-time
Wages, vacation and employees benefits	`EmployeeRelatedLiabilitiesCurrent`	$62.12M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$54.72M	USD	Point-in-time
Claims and insurance accruals	`AccruedInsuranceCurrent`	$44.85M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$38.55M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$61.62M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$19.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$18.37M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$21.99M	USD	Point-in-time
Current portion of operating lease liability	`OperatingLeaseLiabilityCurrent`	$21.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$339.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$321.35M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$26.51M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$31.01M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$88.41M	USD	Point-in-time
Operating lease liability, less current portion	`OperatingLeaseLiabilityNoncurrent`	$84.06M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$124.14M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$122.11M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$60.02M	USD	Point-in-time
Claims, insurance and other	`ClaimsInsuranceAndOtherNoncurrent`	$69.06M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$303.57M	USD	Point-in-time
Total other liabilities	`OtherLiabilitiesNoncurrent`	$301.74M	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 26,408,402 and 26,336,589 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Common stock, $0.001 par value, 50,000,000 shares authorized, 26,408,402 and 26,336,589 shares issued and outstanding at March 31, 2022 and December 31, 2021, respectively	`CommonStockValue`	$26.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$267.75M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$274.63M	USD	Point-in-time
Deferred compensation trust, 80,174 and 94,627 shares of common stock at cost at March 31, 2022 and December 31, 2021, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$4.10M	USD	Point-in-time
Deferred compensation trust, 80,174 and 94,627 shares of common stock at cost at March 31, 2022 and December 31, 2021, respectively	`CommonStockIssuedEmployeeTrustDeferred`	$5.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$949.77M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.29B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$961.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.22B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$997.62M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.85B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$661.22M	USD	1 Quarter
Operating Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$484.07M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$244.44M	USD	1 Quarter
Salaries, wages and employees' benefits	`LaborAndRelatedExpense`	$289.46M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$45.03M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$78.25M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$84.90M	USD	1 Quarter
Fuel, operating expenses and supplies	`FuelOperatingExpensesAndSupplies`	$122.77M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$16.57M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$14.34M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$10.74M	USD	1 Quarter
Claims and insurance	`OperatingInsuranceAndClaimsCostsProduction`	$11.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.95M	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$199.00K	USD	1 Quarter
Loss (gain) from property disposals, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-24.00K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$557.77M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$435.36M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$103.45M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$48.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$692.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$852.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-235.00K	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$131.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-721.00K	USD	1 Quarter
Nonoperating expenses, net	`NonoperatingIncomeExpense`	$-927.00K	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$47.99M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$102.52M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$23.10M	USD	1 Quarter
Income Tax Provision	`IncomeTaxExpenseBenefit`	$10.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$37.29M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$79.42M	USD	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.29M	shares	1 Quarter
Weighted average common shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	26.39M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.67M	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.67M	shares	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$3.01	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.42	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.40	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$2.98	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$79.42M	USD	1 Quarter
Net income	`ProfitLoss`	$37.29M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$35.37M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.95M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.03M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.33M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-2.37M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-181.00K	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$21.57M	USD	1 Quarter
Changes in operating assets and liabilities, net	`IncreaseDecreaseInOperatingCapital`	$15.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.97M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$95.96M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.57M	USD	1 Quarter
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.26M	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$180.00K	USD	1 Quarter
Proceeds from disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$883.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.38M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.39M	USD	1 Quarter
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$7.71M	USD	1 Quarter
Borrowings of revolving credit agreement	`ProceedsFromLinesOfCredit`	$7.71M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.68M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$907.00K	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.35M	USD	1 Quarter
Shares withheld for taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.23M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$4.96M	USD	1 Quarter
Repayment of finance leases	`FinanceLeasePrincipalPayments`	$5.53M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.85M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.63M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$34.74M	USD	1 Quarter
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$27.95M	USD	1 Quarter
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.26M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.32M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.31M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.59M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.26M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.32M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.31M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$106.59M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$961.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$997.62M	USD	Point-in-time
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.71M	USD	1 Quarter
Stock compensation, including options and long-term incentives	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.06M	USD	1 Quarter
Exercise of stock options less shares withheld for taxes	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$907.00K	USD	1 Quarter
Exercise of stock options less shares withheld for taxes	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$3.68M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.23M	USD	1 Quarter
Shares issued for long-term incentive awards, net of shares withheld for taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$37.29M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.42M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$961.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$997.62M	USD	Point-in-time

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