2009 Q4 Form 10-K Financial Statement
#000079923311000008 Filed on February 23, 2011
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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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
165736000 | USD |
CY2009Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
90689000 | shares |
CY2009Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2010Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2009Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2009 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
168716000 | USD |
CY2010 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
167980000 | USD |
CY2008 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
197992000 | USD |
CY2009Q4 | us-gaap |
Assets
Assets
|
551163000 | USD |
CY2010Q4 | us-gaap |
Assets
Assets
|
506035000 | USD |
CY2010Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2009Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2008 | us-gaap |
Depreciation
Depreciation
|
46109000 | USD |
CY2010 | us-gaap |
Depreciation
Depreciation
|
61949000 | USD |
CY2009 | us-gaap |
Depreciation
Depreciation
|
58730000 | USD |
CY2009 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
558000 | USD |
CY2008 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-7556000 | USD |
CY2010 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
4258000 | USD |
CY2010 | us-gaap |
Revenues
Revenues
|
499516000 | USD |
CY2008 | us-gaap |
Revenues
Revenues
|
625600000 | USD |
CY2009 | us-gaap |
Revenues
Revenues
|
459539000 | USD |
CY2009 | us-gaap |
Commitments And Contingencies2009
CommitmentsAndContingencies2009
|
||
CY2010 | us-gaap |
Commitments And Contingencies2009
CommitmentsAndContingencies2009
|
||
CY2010 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2010 | dei |
Entity Registrant Name
EntityRegistrantName
|
HEARTLAND EXPRESS INC | |
CY2010 | htld |
Rent And Purchased Transportation
RentAndPurchasedTransportation
|
9460000 | USD |
CY2008 | htld |
Rent And Purchased Transportation
RentAndPurchasedTransportation
|
18703000 | USD |
CY2009 | htld |
Rent And Purchased Transportation
RentAndPurchasedTransportation
|
11138000 | USD |
CY2011Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
90688621 | shares |
CY2009 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
12970000 | USD |
CY2008 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
16807000 | USD |
CY2010 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
14239000 | USD |
CY2009Q4 | htld |
Insurance Accruals Less Current Portion
InsuranceAccrualsLessCurrentPortion
|
53898000 | USD |
CY2009Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
52351000 | USD |
CY2008Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
56651000 | USD |
CY2010Q4 | htld |
Insurance Accruals Less Current Portion
InsuranceAccrualsLessCurrentPortion
|
54718000 | USD |
CY2009 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
18767000 | USD |
CY2010 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
40502000 | USD |
CY2008 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
36739000 | USD |
CY2010Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
907000 | USD |
CY2009Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
907000 | USD |
CY2010 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2010-12-31 | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
121120000 | USD |
CY2007Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7960000 | USD |
CY2010Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
506035000 | USD |
CY2009Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
551163000 | USD |
CY2009Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
14516000 | USD |
CY2010Q4 | us-gaap |
Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
|
12400000 | USD |
CY2010Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
335922000 | USD |
CY2009Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
371650000 | USD |
CY2008 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1849000 | USD |
CY2010 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
21649000 | USD |
CY2009 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
11000 | USD |
CY2010Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
26761000 | USD |
CY2009Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
26761000 | USD |
CY2010Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
334187000 | USD |
CY2009Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
367670000 | USD |
CY2008Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
360039000 | USD |
CY2007Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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 |