2009 Q4 Form 10-K Financial Statement

#000079923311000008 Filed on February 23, 2011

View on sec.gov

Income Statement

Concept 2009 Q4 2009 2008
Revenue $114.2M $459.5M $625.6M
YoY Change -19.58% -26.54% 5.69%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $82.00M $328.6M $474.3M
YoY Change -19.61% -30.72% 11.42%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.30M $58.73M $46.11M
YoY Change 35.56% 27.37% -4.93%
% of Gross Profit
Operating Expenses $103.9M $400.3M $537.3M
YoY Change -12.98% -25.5% 9.3%
Operating Profit $78.96M $97.95M
YoY Change -19.38%
Interest Expense $400.0K $2.300M $9.100M
YoY Change -80.95% -74.73% -11.65%
% of Operating Profit 2.91% 9.29%
Other Income/Expense, Net
YoY Change
Pretax Income $16.20M $81.30M $107.1M
YoY Change -47.23% -24.07% -11.29%
Income Tax $5.500M $24.35M $37.11M
% Of Pretax Income 33.95% 29.95% 34.66%
Net Earnings $10.70M $56.95M $69.97M
YoY Change -44.85% -18.61% -8.18%
Net Earnings / Revenue 9.37% 12.39% 11.18%
Basic Earnings Per Share $0.62 $0.73
Diluted Earnings Per Share $118.0K $0.62 $729.9K
COMMON SHARES
Basic Shares Outstanding 91.13M shares 95.90M shares
Diluted Shares Outstanding 91.13M shares

Balance Sheet

Concept 2009 Q4 2009 2008
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.50M $59.50M $56.90M
YoY Change 4.57% 4.57% -70.81%
Cash & Equivalents $52.35M $52.40M $56.70M
Short-Term Investments $7.100M $7.100M $200.0K
Other Short-Term Assets $1.923M $23.00M $20.80M
YoY Change -90.75% 10.58% -46.11%
Inventory
Prepaid Expenses
Receivables $37.36M $37.40M $36.80M
Other Receivables $4.600M $4.600M $0.00
Total Short-Term Assets $124.5M $124.5M $114.6M
YoY Change 8.65% 8.64% -58.76%
LONG-TERM ASSETS
Property, Plant & Equipment $275.2M $275.2M $237.7M
YoY Change 15.76% 15.78% -0.04%
Goodwill $4.815M
YoY Change
Intangibles
YoY Change
Long-Term Investments $140.9M $140.9M $171.1M
YoY Change -17.65% -17.65%
Other Assets $5.800M $5.800M $5.500M
YoY Change 5.45% 5.45% -3.51%
Total Long-Term Assets $426.6M $426.7M $419.1M
YoY Change 1.8% 1.81% 68.72%
TOTAL ASSETS
Total Short-Term Assets $124.5M $124.5M $114.6M
Total Long-Term Assets $426.6M $426.7M $419.1M
Total Assets $551.2M $551.2M $533.7M
YoY Change 3.27% 3.28% 1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.000M $7.000M $10.30M
YoY Change -32.04% -32.04% -21.37%
Accrued Expenses $40.10M $40.10M $33.70M
YoY Change 18.99% 18.99% -59.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.05M $47.10M $44.50M
YoY Change 5.74% 5.84% -53.35%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $85.20M $85.20M $95.40M
YoY Change -10.69% -10.69% 153.72%
Total Long-Term Liabilities $136.4M $85.20M $95.40M
YoY Change 43.02% -10.69% 153.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.05M $47.10M $44.50M
Total Long-Term Liabilities $136.4M $85.20M $95.40M
Total Liabilities $183.5M $183.5M $173.6M
YoY Change 5.7% 5.7% -5.4%
SHAREHOLDERS EQUITY
Retained Earnings $371.7M
YoY Change
Common Stock $1.346M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $367.7M $367.7M $360.0M
YoY Change
Total Liabilities & Shareholders Equity $551.2M $551.2M $533.7M
YoY Change 3.27% 3.28% 1.41%

Cashflow Statement

Concept 2009 Q4 2009 2008
OPERATING ACTIVITIES
Net Income $10.70M $56.95M $69.97M
YoY Change -44.85% -18.61% -8.18%
Depreciation, Depletion And Amortization $18.30M $58.73M $46.11M
YoY Change 35.56% 27.37% -4.93%
Cash From Operating Activities $29.50M $101.1M $121.8M
YoY Change -26.25% -17.0% 1.17%
INVESTING ACTIVITIES
Capital Expenditures -$28.40M $79.12M $35.95M
YoY Change -9.84% 120.1% -182.45%
Acquisitions
YoY Change
Other Investing Activities $13.50M $26.40M $8.800M
YoY Change 36.36% 200.0% -93.99%
Cash From Investing Activities -$14.90M -$52.77M -$27.12M
YoY Change -31.02% 94.61% -126.38%
FINANCING ACTIVITIES
Cash Dividend Paid $7.300M
YoY Change
Common Stock Issuance & Retirement, Net $45.36M $36.40M
YoY Change 24.61% -287.64%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.600M -$52.63M -$46.00M
YoY Change -87.84% 14.4% -79.43%
NET CHANGE
Cash From Operating Activities 29.50M $101.1M $121.8M
Cash From Investing Activities -14.90M -$52.77M -$27.12M
Cash From Financing Activities -3.600M -$52.63M -$46.00M
Net Change In Cash 11.00M -$4.300M $48.69M
YoY Change -198.21% -108.83% -9838.2%
FREE CASH FLOW
Cash From Operating Activities $29.50M $101.1M $121.8M
Capital Expenditures -$28.40M $79.12M $35.95M
Free Cash Flow $57.90M $21.98M $85.86M
YoY Change -19.02% -74.4% -47.64%

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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
342759000 USD
CY2009Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
5780000 USD
CY2010Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
6588000 USD
CY2008 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
24307000 USD
CY2009 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
16629000 USD
CY2010 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
12526000 USD
CY2009Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1923000 USD
CY2010Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1725000 USD
CY2009Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
6953000 USD
CY2010Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10972000 USD
CY2009Q4 htld Land And Land Improvements
LandAndLandImprovements
17442000 USD
CY2010Q4 htld Land And Land Improvements
LandAndLandImprovements
17442000 USD
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
79225000 USD
CY2009 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
27000000 USD
CY2008 us-gaap Proceeds From Maturities Prepayments And Calls Of Other Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfOtherInvestments
20750000 USD
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2009Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2010 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2245000 USD
CY2008 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-8623000 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3297000 USD
CY2010Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
27313000 USD
CY2009Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
31323000 USD
CY2009 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
60246000 USD
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
64461000 USD
CY2008 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
61345000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2008 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
36403000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
45360000 USD
CY2009Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
395000000 shares
CY2010Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
395000000 shares
CY2008 us-gaap Operating Income Loss
OperatingIncomeLoss
97947000 USD
CY2009 us-gaap Operating Income Loss
OperatingIncomeLoss
78964000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
91449000 USD
CY2009 htld Trade Value Of Revenue Equipment Traded
TradeValueOfRevenueEquipmentTraded
60645000 USD
CY2008 htld Trade Value Of Revenue Equipment Traded
TradeValueOfRevenueEquipmentTraded
20991000 USD
CY2010 htld Trade Value Of Revenue Equipment Traded
TradeValueOfRevenueEquipmentTraded
14604000 USD
CY2008 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
8383000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1609000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-567000 USD
CY2010 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1190000 USD
CY2008 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2778000 USD
CY2009 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
178000 USD
CY2010Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
41619000 USD
CY2009Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
37361000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
92873000 USD
CY2008 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
107079000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
81302000 USD
CY2010Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
6764000 USD
CY2009Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
7095000 USD

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