$RUSHA
Rush Enterprises Inc

2017 Q2 Form 10-Q Financial Statement

#000143774917014251 Filed on August 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $1.204B $1.026B
YoY Change 17.25% -22.84%
Cost Of Revenue $994.5M $846.0M
YoY Change 17.55% -24.65%
Gross Profit $209.1M $180.5M
YoY Change 15.84% -13.08%
Gross Profit Margin 17.37% 17.58%
Selling, General & Admin $159.4M $146.1M
YoY Change 9.09% -9.44%
% of Gross Profit 76.22% 80.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.00M $39.40M
YoY Change -1.02% 10.06%
% of Gross Profit 18.65% 21.83%
Operating Expenses $159.4M $146.1M
YoY Change 9.09% -9.44%
Operating Profit $37.41M $21.57M
YoY Change 73.41% -39.34%
Interest Expense $2.824M $3.763M
YoY Change -24.95% 4.59%
% of Operating Profit 7.55% 17.44%
Other Income/Expense, Net
YoY Change
Pretax Income $34.58M $17.81M
YoY Change 94.19% -44.28%
Income Tax $12.58M $6.992M
% Of Pretax Income 36.39% 39.26%
Net Earnings $22.00M $10.82M
YoY Change 103.37% -44.74%
Net Earnings / Revenue 1.83% 1.05%
Basic Earnings Per Share $0.55 $0.27
Diluted Earnings Per Share $0.54 $0.27
COMMON SHARES
Basic Shares Outstanding 39.64M 40.25M
Diluted Shares Outstanding 40.84M 40.78M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $123.8M $92.70M
YoY Change 33.55% 27.16%
Cash & Equivalents $123.8M $92.66M
Short-Term Investments
Other Short-Term Assets $21.30M $31.30M
YoY Change -31.95% -9.54%
Inventory $916.6M $1.039B
Prepaid Expenses
Receivables $142.6M $127.5M
Other Receivables $16.70M $12.50M
Total Short-Term Assets $1.221B $1.303B
YoY Change -6.26% -4.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.119B $1.157B
YoY Change -3.33% 12.5%
Goodwill $290.2M $290.2M
YoY Change 0.0% 1.47%
Intangibles
YoY Change
Long-Term Investments $6.400M $6.400M
YoY Change 0.0% -4.48%
Other Assets $55.50M $56.29M
YoY Change -1.41% 0.8%
Total Long-Term Assets $1.471B $1.510B
YoY Change -2.6% 9.66%
TOTAL ASSETS
Total Short-Term Assets $1.221B $1.303B
Total Long-Term Assets $1.471B $1.510B
Total Assets $2.692B $2.813B
YoY Change -4.3% 2.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.1M $118.9M
YoY Change -4.04% -5.18%
Accrued Expenses $88.95M $84.07M
YoY Change 5.8% -8.48%
Deferred Revenue
YoY Change
Short-Term Debt $692.1M $830.1M
YoY Change -16.62% -4.74%
Long-Term Debt Due $137.3M $134.8M
YoY Change 1.85% 3.92%
Total Short-Term Liabilities $1.078B $1.205B
YoY Change -10.53% -4.05%
LONG-TERM LIABILITIES
Long-Term Debt $443.5M $496.7M
YoY Change -10.71% 8.85%
Other Long-Term Liabilities $9.298M $6.645M
YoY Change 39.92% 23.12%
Total Long-Term Liabilities $452.8M $503.3M
YoY Change -10.04% 9.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.078B $1.205B
Total Long-Term Liabilities $452.8M $503.3M
Total Liabilities $1.530B $1.708B
YoY Change -10.39% -0.54%
SHAREHOLDERS EQUITY
Retained Earnings $676.9M $613.1M
YoY Change 10.41% 7.53%
Common Stock $331.1M $296.9M
YoY Change 11.5% 5.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $113.1M -$63.67M
YoY Change -277.63% -246.81%
Treasury Stock Shares
Shareholders Equity $894.9M $846.0M
YoY Change
Total Liabilities & Shareholders Equity $2.692B $2.813B
YoY Change -4.3% 2.39%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $22.00M $10.82M
YoY Change 103.37% -44.74%
Depreciation, Depletion And Amortization $39.00M $39.40M
YoY Change -1.02% 10.06%
Cash From Operating Activities $93.20M $121.8M
YoY Change -23.48% -23.35%
INVESTING ACTIVITIES
Capital Expenditures -$40.40M -$61.40M
YoY Change -34.2% -24.85%
Acquisitions
YoY Change
Other Investing Activities $1.600M -$1.700M
YoY Change -194.12% -94.37%
Cash From Investing Activities -$38.80M -$63.10M
YoY Change -38.51% -43.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.80M -38.60M
YoY Change -48.7% 81.22%
NET CHANGE
Cash From Operating Activities 93.20M 121.8M
Cash From Investing Activities -38.80M -63.10M
Cash From Financing Activities -19.80M -38.60M
Net Change In Cash 34.60M 20.10M
YoY Change 72.14% -21.48%
FREE CASH FLOW
Cash From Operating Activities $93.20M $121.8M
Capital Expenditures -$40.40M -$61.40M
Free Cash Flow $133.6M $183.2M
YoY Change -27.07% -23.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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FinanceAndInsuranceNet
4837000
CY2017Q2 rusha Cost Of Products Sold Parts And Service Sales
CostOfProductsSoldPartsAndServiceSales
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CY2016Q2 rusha Cost Of Products Sold Parts And Service Sales
CostOfProductsSoldPartsAndServiceSales
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rusha Cost Of Products Sold Parts And Service Sales
CostOfProductsSoldPartsAndServiceSales
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rusha Cost Of Products Sold Parts And Service Sales
CostOfProductsSoldPartsAndServiceSales
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rusha Excess Tax Benefit Expense From Share Based Compensation Financing Activities
ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities
rusha Excess Tax Benefit Expense From Share Based Compensation Financing Activities
ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities
-1007000
CY2017Q2 rusha Fair Value Measurement With Unobservable Inputs Reconciliation Nonrecurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationNonrecurringBasisAssetGainLossIncludedInEarnings
CY2016Q2 rusha Fair Value Measurement With Unobservable Inputs Reconciliation Nonrecurring Basis Asset Gain Loss Included In Earnings
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400000
rusha Fair Value Measurement With Unobservable Inputs Reconciliation Nonrecurring Basis Asset Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationNonrecurringBasisAssetGainLossIncludedInEarnings
rusha Fair Value Measurement With Unobservable Inputs Reconciliation Nonrecurring Basis Asset Gain Loss Included In Earnings
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7481000
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rusha Finance And Insurance Net
FinanceAndInsuranceNet
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rusha Finance And Insurance Net
FinanceAndInsuranceNet
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FloorPlanNotesPayable
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FloorPlanNotesPayable
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rusha Income Taxes Refunded Paid Net
IncomeTaxesRefundedPaidNet
17012000
rusha Income Taxes Refunded Paid Net
IncomeTaxesRefundedPaidNet
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rusha Increase Decrease In Floor Plan Notes Payable Trade Net
IncreaseDecreaseInFloorPlanNotesPayableTradeNet
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rusha Increase Decrease In Floor Plan Notes Payable Trade Net
IncreaseDecreaseInFloorPlanNotesPayableTradeNet
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IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
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IncreaseDecreaseInFloorPlanPayableNet
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rusha Increase Decrease In Floor Plan Payable Net
IncreaseDecreaseInFloorPlanPayableNet
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CY2017Q2 rusha Number Of Real Estate Properties Sold During Period
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PartsAndServiceSales
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PartsAndServiceSales
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rusha Parts And Service Sales
PartsAndServiceSales
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PartsAndServiceSales
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rusha Stock Repurchased
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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