$MRTN
MARTEN TRANSPORT LTD

2016 Q2 Form 10-Q Financial Statement

#000143774916036640 Filed on August 08, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $166.1M $163.6M
YoY Change 1.53% -2.87%
Cost Of Revenue $106.3M $107.3M
YoY Change -0.93% -7.42%
Gross Profit $59.80M $56.30M
YoY Change 6.22% 7.24%
Gross Profit Margin 36.0% 34.42%
Selling, General & Admin $22.40M $21.10M
YoY Change 6.16% 4.98%
% of Gross Profit 37.46% 37.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $20.37M $18.31M
YoY Change 11.23% 8.57%
% of Gross Profit 34.06% 32.52%
Operating Expenses $151.3M $149.4M
YoY Change 1.26% -3.9%
Operating Profit $14.78M $14.16M
YoY Change 4.34% 9.5%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$237.0K -$6.000K
YoY Change 3850.0% -100.98%
Pretax Income $14.54M $14.16M
YoY Change 2.71% 4.51%
Income Tax $6.008M $5.798M
% Of Pretax Income 41.32% 40.96%
Net Earnings $8.531M $8.357M
YoY Change 2.08% 5.44%
Net Earnings / Revenue 5.14% 5.11%
Basic Earnings Per Share $0.16 $0.25
Diluted Earnings Per Share $0.16 $0.25
COMMON SHARES
Basic Shares Outstanding 54.07M 33.58M
Diluted Shares Outstanding 54.39M 33.85M

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $4.500M
YoY Change -95.56% 350.0%
Cash & Equivalents $208.0K $4.499M
Short-Term Investments
Other Short-Term Assets $17.10M $19.00M
YoY Change -10.0% 9.2%
Inventory
Prepaid Expenses
Receivables $66.08M $68.90M
Other Receivables $3.000M $8.800M
Total Short-Term Assets $86.47M $101.2M
YoY Change -14.57% 1.11%
LONG-TERM ASSETS
Property, Plant & Equipment $537.9M $509.8M
YoY Change 5.52% 11.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.168M $3.606M
YoY Change -12.15% -9.85%
Total Long-Term Assets $541.1M $513.4M
YoY Change 5.39% 11.13%
TOTAL ASSETS
Total Short-Term Assets $86.47M $101.2M
Total Long-Term Assets $541.1M $513.4M
Total Assets $627.6M $614.6M
YoY Change 2.11% 9.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $45.10M $65.20M
YoY Change -30.83% 54.87%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.53M $78.87M
YoY Change -20.71% 38.12%
LONG-TERM LIABILITIES
Long-Term Debt $4.376M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.376M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.53M $78.87M
Total Long-Term Liabilities $4.376M $0.00
Total Liabilities $208.1M $206.2M
YoY Change 0.91% 8.65%
SHAREHOLDERS EQUITY
Retained Earnings $347.7M $317.1M
YoY Change 9.66%
Common Stock $71.73M $91.31M
YoY Change -21.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $419.5M $408.4M
YoY Change
Total Liabilities & Shareholders Equity $627.6M $614.6M
YoY Change 2.11% 9.34%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $8.531M $8.357M
YoY Change 2.08% 5.44%
Depreciation, Depletion And Amortization $20.37M $18.31M
YoY Change 11.23% 8.57%
Cash From Operating Activities $25.00M $18.60M
YoY Change 34.41% 40.91%
INVESTING ACTIVITIES
Capital Expenditures -$48.70M -$52.10M
YoY Change -6.53% -12.88%
Acquisitions
YoY Change
Other Investing Activities $18.60M $15.60M
YoY Change 19.23% 34.48%
Cash From Investing Activities -$30.10M -$36.50M
YoY Change -17.53% -24.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.100M 700.0K
YoY Change 485.71% -95.78%
NET CHANGE
Cash From Operating Activities 25.00M 18.60M
Cash From Investing Activities -30.10M -36.50M
Cash From Financing Activities 4.100M 700.0K
Net Change In Cash -1.000M -17.20M
YoY Change -94.19% -6.01%
FREE CASH FLOW
Cash From Operating Activities $25.00M $18.60M
Capital Expenditures -$48.70M -$52.10M
Free Cash Flow $73.70M $70.70M
YoY Change 4.24% -3.15%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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mrtn Deferred Tax Expense Benefit From Stock Options Exercised
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mrtn Increase Decrease Capital Expenditures Incurred But Not Yet Paid
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mrtn Increase Decrease Capital Expenditures Incurred But Not Yet Paid
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OperatingIncomeLossBeforeGainLossOnDispositionOfFacility
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mrtn Operating Income Loss Before Gain Loss On Disposition Of Facility
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CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
2000000
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2016Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
17122000
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
18134000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
2054000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1187000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2054000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
668000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
856000
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
40000000
CY2007Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1000000
CY2015Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2000000
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
941024
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
455581
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
16200000
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7500000
CY2016Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
16175000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7513000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
109535000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
37817000
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
347727000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
332625000
CY2016Q2 us-gaap Revenues
Revenues
166090000
CY2015Q2 us-gaap Revenues
Revenues
163588000
us-gaap Revenues
Revenues
328019000
us-gaap Revenues
Revenues
324875000
CY2015Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2303000
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
419457000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
409421000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
387926000
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
408400000
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We must make estimates and assumptions to prepare the consolidated condensed financial statements in conformity with U.S. generally accepted accounting principles. These estimates and assumptions affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities in the consolidated condensed financial statements and the reported amount of revenue and expenses during the reporting period. These estimates are primarily related to insurance and claims accruals and depreciation. Ultimate results could differ from these estimates.</div></div></div></div></div></div></div></div></div></div></div></div>
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32633000
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33853000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32634000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33802000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32441000
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33582000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32448000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
33521000

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