$RUSHA
RUSH ENTERPRISES INC \TX\

2016 Q2 Form 10-Q Financial Statement

#000143774916036870 Filed on August 09, 2016

View on sec.gov

Income Statement

Concept 2016 Q2 2015 Q2
Revenue $1.026B $1.330B
YoY Change -22.84% 12.5%
Cost Of Revenue $846.0M $1.123B
YoY Change -24.65% 13.5%
Gross Profit $180.5M $207.6M
YoY Change -13.08% 7.39%
Gross Profit Margin 17.58% 15.61%
Selling, General & Admin $146.1M $161.3M
YoY Change -9.44% 8.07%
% of Gross Profit 80.94% 77.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.40M $35.80M
YoY Change 10.06% 18.54%
% of Gross Profit 21.83% 17.24%
Operating Expenses $146.1M $161.3M
YoY Change -9.44% 8.07%
Operating Profit $21.57M $35.56M
YoY Change -39.34% 1.8%
Interest Expense $3.763M $3.598M
YoY Change 4.59% -243.92%
% of Operating Profit 17.44% 10.12%
Other Income/Expense, Net
YoY Change
Pretax Income $17.81M $31.96M
YoY Change -44.28% -1.32%
Income Tax $6.992M $12.39M
% Of Pretax Income 39.26% 38.75%
Net Earnings $10.82M $19.58M
YoY Change -44.74% -1.32%
Net Earnings / Revenue 1.05% 1.47%
Basic Earnings Per Share $0.27 $0.49
Diluted Earnings Per Share $0.27 $0.48
COMMON SHARES
Basic Shares Outstanding 40.25M 40.28M
Diluted Shares Outstanding 40.78M 41.07M

Balance Sheet

Concept 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.70M $72.90M
YoY Change 27.16% -44.35%
Cash & Equivalents $92.66M $72.95M
Short-Term Investments
Other Short-Term Assets $31.30M $34.60M
YoY Change -9.54% 30.08%
Inventory $1.039B $1.078B
Prepaid Expenses
Receivables $127.5M $174.4M
Other Receivables $12.50M $9.800M
Total Short-Term Assets $1.303B $1.370B
YoY Change -4.91% 15.18%
LONG-TERM ASSETS
Property, Plant & Equipment $1.157B $1.029B
YoY Change 12.5% 22.14%
Goodwill $290.2M $286.0M
YoY Change 1.47%
Intangibles
YoY Change
Long-Term Investments $6.400M $6.700M
YoY Change -4.48% -1.47%
Other Assets $56.29M $55.85M
YoY Change 0.8% 6.58%
Total Long-Term Assets $1.510B $1.377B
YoY Change 9.66% 18.29%
TOTAL ASSETS
Total Short-Term Assets $1.303B $1.370B
Total Long-Term Assets $1.510B $1.377B
Total Assets $2.813B $2.747B
YoY Change 2.39% 16.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $118.9M $125.4M
YoY Change -5.18% 18.19%
Accrued Expenses $84.07M $91.86M
YoY Change -8.48% 12.71%
Deferred Revenue
YoY Change
Short-Term Debt $830.1M $871.4M
YoY Change -4.74% 26.86%
Long-Term Debt Due $134.8M $129.7M
YoY Change 3.92% -6.86%
Total Short-Term Liabilities $1.205B $1.255B
YoY Change -4.05% 19.99%
LONG-TERM LIABILITIES
Long-Term Debt $496.7M $456.3M
YoY Change 8.85% 2.45%
Other Long-Term Liabilities $6.645M $5.397M
YoY Change 23.12% 7.94%
Total Long-Term Liabilities $503.3M $461.7M
YoY Change 9.01% 2.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.205B $1.255B
Total Long-Term Liabilities $503.3M $461.7M
Total Liabilities $1.708B $1.717B
YoY Change -0.54% 4.58%
SHAREHOLDERS EQUITY
Retained Earnings $613.1M $570.2M
YoY Change 7.53%
Common Stock $296.9M $281.7M
YoY Change 5.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$63.67M $43.37M
YoY Change -246.81%
Treasury Stock Shares
Shareholders Equity $846.0M $808.2M
YoY Change
Total Liabilities & Shareholders Equity $2.813B $2.747B
YoY Change 2.39% 16.72%

Cashflow Statement

Concept 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $10.82M $19.58M
YoY Change -44.74% -1.32%
Depreciation, Depletion And Amortization $39.40M $35.80M
YoY Change 10.06% 18.54%
Cash From Operating Activities $121.8M $158.9M
YoY Change -23.35% 195.9%
INVESTING ACTIVITIES
Capital Expenditures -$61.40M -$81.70M
YoY Change -24.85% 29.68%
Acquisitions
YoY Change
Other Investing Activities -$1.700M -$30.20M
YoY Change -94.37% 636.59%
Cash From Investing Activities -$63.10M -$112.0M
YoY Change -43.66% 66.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.60M -21.30M
YoY Change 81.22% -142.69%
NET CHANGE
Cash From Operating Activities 121.8M 158.9M
Cash From Investing Activities -63.10M -112.0M
Cash From Financing Activities -38.60M -21.30M
Net Change In Cash 20.10M 25.60M
YoY Change -21.48% -29.86%
FREE CASH FLOW
Cash From Operating Activities $121.8M $158.9M
Capital Expenditures -$61.40M -$81.70M
Free Cash Flow $183.2M $240.6M
YoY Change -23.86% 106.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities
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rusha Excess Tax Benefit Expense From Share Based Compensation Financing Activities
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rusha Cost Of Products Sold Parts And Service Sales
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FinanceAndInsuranceNet
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rusha Finance And Insurance Net
FinanceAndInsuranceNet
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rusha Finance And Insurance Net
FinanceAndInsuranceNet
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us-gaap Income Tax Expense Benefit
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
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235000
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
10000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
19000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
10000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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19000
CY2016Q2 us-gaap Other Liabilities Noncurrent
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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275000
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2016Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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40778000
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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41072000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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40914000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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41029000
CY2016Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40275000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40402000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40171000

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