2015 Q2 Form 10-Q Financial Statement

#000079923315000036 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $191.7M $226.8M
YoY Change -15.48% 69.25%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $132.0M $165.3M
YoY Change -20.15% 78.51%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.20M $27.00M
YoY Change 0.74% 59.48%
% of Gross Profit
Operating Expenses $165.6M $200.0M
YoY Change -17.2% 76.68%
Operating Profit $35.74M $40.64M
YoY Change -12.06% 38.36%
Interest Expense $100.0K $0.00
YoY Change -100.0%
% of Operating Profit 0.28% 0.0%
Other Income/Expense, Net
YoY Change
Pretax Income $35.80M $40.62M
YoY Change -11.86% 37.66%
Income Tax $12.48M $14.14M
% Of Pretax Income 34.87% 34.82%
Net Earnings $23.32M $26.47M
YoY Change -11.92% 38.32%
Net Earnings / Revenue 12.16% 11.67%
Basic Earnings Per Share $0.27 $0.30
Diluted Earnings Per Share $0.27 $0.30
COMMON SHARES
Basic Shares Outstanding 87.81M shares 87.73M shares
Diluted Shares Outstanding 87.97M shares 87.90M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.50M $16.10M
YoY Change 393.79% -88.63%
Cash & Equivalents $79.48M $16.14M
Short-Term Investments
Other Short-Term Assets $16.48M $19.27M
YoY Change -14.45% 187.75%
Inventory
Prepaid Expenses
Receivables $70.46M $88.16M
Other Receivables $2.900M $0.00
Total Short-Term Assets $196.7M $150.7M
YoY Change 30.51% -30.45%
LONG-TERM ASSETS
Property, Plant & Equipment $459.1M $469.0M
YoY Change -2.11% 76.23%
Goodwill $100.2M $100.2M
YoY Change 0.0% 1981.25%
Intangibles $15.15M $17.56M
YoY Change -13.75%
Long-Term Investments
YoY Change
Other Assets $10.93M $13.90M
YoY Change -21.37% 52.74%
Total Long-Term Assets $585.4M $600.7M
YoY Change -2.54% 106.54%
TOTAL ASSETS
Total Short-Term Assets $196.7M $150.7M
Total Long-Term Assets $585.4M $600.7M
Total Assets $782.1M $751.4M
YoY Change 4.09% 48.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.80M $44.10M
YoY Change -61.9% 401.14%
Accrued Expenses $61.10M $58.70M
YoY Change 4.09% 53.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $77.92M $103.6M
YoY Change -24.76% 120.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $43.00M
YoY Change -100.0%
Other Long-Term Liabilities $11.65M $13.62M
YoY Change -14.43% -82.67%
Total Long-Term Liabilities $189.5M $212.6M
YoY Change -10.88% 59.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $77.92M $103.6M
Total Long-Term Liabilities $189.5M $212.6M
Total Liabilities $267.4M $316.2M
YoY Change -15.43% 75.21%
SHAREHOLDERS EQUITY
Retained Earnings $547.2M $469.1M
YoY Change 16.67% 16.17%
Common Stock $4.641M $7.350M
YoY Change -36.86% 63.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $37.17M $41.19M
YoY Change -9.74% -48.86%
Treasury Stock Shares 2.827M shares 2.911M shares
Shareholders Equity $514.7M $435.2M
YoY Change
Total Liabilities & Shareholders Equity $782.1M $751.4M
YoY Change 4.09% 48.06%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $23.32M $26.47M
YoY Change -11.92% 38.32%
Depreciation, Depletion And Amortization $27.20M $27.00M
YoY Change 0.74% 59.48%
Cash From Operating Activities $46.00M $46.10M
YoY Change -0.22% 111.47%
INVESTING ACTIVITIES
Capital Expenditures -$59.50M $2.800M
YoY Change -2225.0% -107.18%
Acquisitions
YoY Change
Other Investing Activities $44.30M $24.70M
YoY Change 79.35% -24.7%
Cash From Investing Activities -$15.20M -$26.20M
YoY Change -41.98% 329.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.500M -20.80M
YoY Change -83.17% 1123.53%
NET CHANGE
Cash From Operating Activities 46.00M 46.10M
Cash From Investing Activities -15.20M -26.20M
Cash From Financing Activities -3.500M -20.80M
Net Change In Cash 27.30M -900.0K
YoY Change -3133.33% -106.43%
FREE CASH FLOW
Cash From Operating Activities $46.00M $46.10M
Capital Expenditures -$59.50M $2.800M
Free Cash Flow $105.5M $43.30M
YoY Change 143.65% -28.78%

Facts In Submission

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us-gaap Share Based Compensation
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
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CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
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us-gaap Stock Issued During Period Value Share Based Compensation
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714000 USD
CY2015Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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90000 USD
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0 USD
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4400000 USD
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
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us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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434000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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us-gaap Unrecognized Tax Benefits Period Increase Decrease
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us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1927000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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7000000 USD
CY2015Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
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CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;&#160;Actual results could differ from those estimates.</font></div></div>

Files In Submission

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0000799233-15-000036-index-headers.html Edgar Link pending
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0000799233-15-000036.txt Edgar Link pending
0000799233-15-000036-xbrl.zip Edgar Link pending
exhibit3112015q2.htm Edgar Link pending
exhibit3122015q2.htm Edgar Link pending
exhibit3212015q2.htm Edgar Link pending
exhibit3222015q2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
htld-20150630.xml Edgar Link completed
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htld-20150630_cal.xml Edgar Link unprocessable
htld-20150630_def.xml Edgar Link unprocessable
htld-20150630_lab.xml Edgar Link unprocessable
htld-20150630_pre.xml Edgar Link unprocessable
htld2015q210q.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
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R12.htm Edgar Link pending
R13.htm Edgar Link pending
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R15.htm Edgar Link pending
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