$MRTN
MARTEN TRANSPORT LTD

2017 Q2 Form 10-Q Financial Statement

#000143774917013978 Filed on August 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $171.5M $166.1M
YoY Change 3.26% 1.53%
Cost Of Revenue $109.2M $106.3M
YoY Change 2.73% -0.93%
Gross Profit $62.30M $59.80M
YoY Change 4.18% 6.22%
Gross Profit Margin 36.32% 36.0%
Selling, General & Admin $23.10M $22.40M
YoY Change 3.13% 6.16%
% of Gross Profit 37.08% 37.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.31M $20.37M
YoY Change 4.61% 11.23%
% of Gross Profit 34.2% 34.06%
Operating Expenses $155.9M $151.3M
YoY Change 3.06% 1.26%
Operating Profit $15.57M $14.78M
YoY Change 5.37% 4.34%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net -$125.0K -$237.0K
YoY Change -47.26% 3850.0%
Pretax Income $15.44M $14.54M
YoY Change 6.22% 2.71%
Income Tax $6.303M $6.008M
% Of Pretax Income 40.81% 41.32%
Net Earnings $9.141M $8.531M
YoY Change 7.15% 2.08%
Net Earnings / Revenue 5.33% 5.14%
Basic Earnings Per Share $0.17 $0.16
Diluted Earnings Per Share $0.17 $0.16
COMMON SHARES
Basic Shares Outstanding 54.49M 54.07M
Diluted Shares Outstanding 54.80M 54.39M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.10M $200.0K
YoY Change 4950.0% -95.56%
Cash & Equivalents $10.06M $208.0K
Short-Term Investments
Other Short-Term Assets $17.60M $17.10M
YoY Change 2.92% -10.0%
Inventory
Prepaid Expenses
Receivables $67.17M $66.08M
Other Receivables $5.600M $3.000M
Total Short-Term Assets $100.5M $86.47M
YoY Change 16.25% -14.57%
LONG-TERM ASSETS
Property, Plant & Equipment $568.2M $537.9M
YoY Change 5.63% 5.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.854M $3.168M
YoY Change -41.48% -12.15%
Total Long-Term Assets $570.1M $541.1M
YoY Change 5.35% 5.39%
TOTAL ASSETS
Total Short-Term Assets $100.5M $86.47M
Total Long-Term Assets $570.1M $541.1M
Total Assets $670.6M $627.6M
YoY Change 6.86% 2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.10M $45.10M
YoY Change 2.22% -30.83%
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 $67.91M $62.53M
YoY Change 8.61% -20.71%
LONG-TERM LIABILITIES
Long-Term Debt $4.376M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $4.376M
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.91M $62.53M
Total Long-Term Liabilities $0.00 $4.376M
Total Liabilities $216.0M $208.1M
YoY Change 3.78% 0.91%
SHAREHOLDERS EQUITY
Retained Earnings $378.3M $347.7M
YoY Change 8.8% 9.66%
Common Stock $76.29M $71.73M
YoY Change 6.35% -21.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $454.6M $419.5M
YoY Change
Total Liabilities & Shareholders Equity $670.6M $627.6M
YoY Change 6.86% 2.11%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $9.141M $8.531M
YoY Change 7.15% 2.08%
Depreciation, Depletion And Amortization $21.31M $20.37M
YoY Change 4.61% 11.23%
Cash From Operating Activities $27.50M $25.00M
YoY Change 10.0% 34.41%
INVESTING ACTIVITIES
Capital Expenditures -$44.70M -$48.70M
YoY Change -8.21% -6.53%
Acquisitions
YoY Change
Other Investing Activities $18.70M $18.60M
YoY Change 0.54% 19.23%
Cash From Investing Activities -$26.00M -$30.10M
YoY Change -13.62% -17.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -600.0K 4.100M
YoY Change -114.63% 485.71%
NET CHANGE
Cash From Operating Activities 27.50M 25.00M
Cash From Investing Activities -26.00M -30.10M
Cash From Financing Activities -600.0K 4.100M
Net Change In Cash 900.0K -1.000M
YoY Change -190.0% -94.19%
FREE CASH FLOW
Cash From Operating Activities $27.50M $25.00M
Capital Expenditures -$44.70M -$48.70M
Free Cash Flow $72.20M $73.70M
YoY Change -2.04% 4.24%

Facts In Submission

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557825000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
38702000
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
109535000
CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
378339000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
362619000
CY2017Q2 us-gaap Revenues
Revenues
171511000
CY2016Q2 us-gaap Revenues
Revenues
166090000
us-gaap Revenues
Revenues
344670000
us-gaap Revenues
Revenues
328019000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2054000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2362000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
883000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
730000
us-gaap Stock Option Plan Expense
StockOptionPlanExpense
668000
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
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
759302
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1600000
CY2016Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7500000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0
CY2015Q4 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
16200000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7513000
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
409421000
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
419457000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
437338000
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
454624000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54802000
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54389000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54772000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54391000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54493000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54069000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54459000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54079000

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