2020 Q3 Form 10-Q Financial Statement

#000143774920022943 Filed on November 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3 2019 Q2
Revenue $1.179B $1.599B $1.545B
YoY Change -26.31% 16.21% 14.51%
Cost Of Revenue $966.1M $1.334B $1.275B
YoY Change -27.6% 18.4% 15.34%
Gross Profit $212.5M $264.8M $269.5M
YoY Change -19.76% 6.31% 10.74%
Gross Profit Margin 18.03% 16.56% 17.45%
Selling, General & Admin $155.5M $192.5M $194.0M
YoY Change -19.22% 8.5% 8.58%
% of Gross Profit 73.19% 72.7% 71.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.10M $44.60M $43.20M
YoY Change -1.12% 7.21% -13.43%
% of Gross Profit 20.76% 16.84% 16.03%
Operating Expenses $155.5M $192.5M $194.0M
YoY Change -19.22% 8.5% 8.58%
Operating Profit $42.87M $58.32M $61.79M
YoY Change -26.5% -0.56% 42.29%
Interest Expense $1.053M $7.690M $8.072M
YoY Change -86.31% 72.11% 79.62%
% of Operating Profit 2.46% 13.19% 13.06%
Other Income/Expense, Net $2.113M $1.577M $690.0K
YoY Change 33.99%
Pretax Income $43.93M $52.21M $54.41M
YoY Change -15.86% -3.64% 39.76%
Income Tax $9.989M $13.11M $12.79M
% Of Pretax Income 22.74% 25.1% 23.5%
Net Earnings $33.94M $39.10M $41.62M
YoY Change -13.21% -6.15% 41.62%
Net Earnings / Revenue 2.88% 2.45% 2.69%
Basic Earnings Per Share $0.62 $0.71 $0.75
Diluted Earnings Per Share $0.60 $0.70 $0.74
COMMON SHARES
Basic Shares Outstanding 55.03M 54.82M 36.85M
Diluted Shares Outstanding 56.44M 56.03M 37.70M

Balance Sheet

Concept 2020 Q3 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $259.5M $86.10M $111.3M
YoY Change 201.39% -58.12% -24.95%
Cash & Equivalents $259.5M $86.12M $111.3M
Short-Term Investments
Other Short-Term Assets $13.30M $24.80M $16.20M
YoY Change -46.37% 64.24% -15.18%
Inventory $937.9M $1.385B $1.512B
Prepaid Expenses
Receivables $155.7M $220.4M $226.2M
Other Receivables $0.00 $12.30M $16.30M
Total Short-Term Assets $1.366B $1.729B $1.883B
YoY Change -20.96% 2.83% 24.46%
LONG-TERM ASSETS
Property, Plant & Equipment $1.227B $1.261B $1.237B
YoY Change -2.7% 7.19% 6.03%
Goodwill $292.1M $292.1M $292.1M
YoY Change 0.0% 0.26% 0.26%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $67.32M $66.60M $67.23M
YoY Change 1.09% 64.71% 69.68%
Total Long-Term Assets $1.644B $1.676B $1.648B
YoY Change -1.92% 11.13% 9.6%
TOTAL ASSETS
Total Short-Term Assets $1.366B $1.729B $1.883B
Total Long-Term Assets $1.644B $1.676B $1.648B
Total Assets $3.011B $3.405B $3.531B
YoY Change -11.59% 6.75% 17.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.0M $137.8M $144.7M
YoY Change -20.17% 1.32% -4.11%
Accrued Expenses $115.6M $106.8M $94.89M
YoY Change 8.29% 3.67% 7.01%
Deferred Revenue $36.58M $33.55M $28.89M
YoY Change 9.03%
Short-Term Debt $613.7M $1.051B $1.250B
YoY Change -41.62% 6.12% 44.02%
Long-Term Debt Due $203.4M $179.7M $170.1M
YoY Change 13.19% 12.33% 9.22%
Total Short-Term Liabilities $1.089B $1.519B $1.698B
YoY Change -28.28% 4.96% 29.39%
LONG-TERM LIABILITIES
Long-Term Debt $385.4M $462.6M $457.5M
YoY Change -16.69% 5.29% 5.24%
Other Long-Term Liabilities $22.77M $19.62M $19.55M
YoY Change 16.02% 63.24% 69.37%
Total Long-Term Liabilities $408.2M $482.3M $477.1M
YoY Change -15.36% 6.83% 6.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.089B $1.519B $1.698B
Total Long-Term Liabilities $408.2M $482.3M $477.1M
Total Liabilities $1.497B $2.001B $2.175B
YoY Change -25.17% 5.4% 23.68%
SHAREHOLDERS EQUITY
Retained Earnings $798.6M $1.047B $1.012B
YoY Change -23.69% 16.29% 17.29%
Common Stock $429.4M $390.8M $385.4M
YoY Change 9.86% 6.17% 5.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $723.0K $300.0M $284.0M
YoY Change -99.76% 67.7% 70.23%
Treasury Stock Shares
Shareholders Equity $1.227B $1.137B $1.114B
YoY Change
Total Liabilities & Shareholders Equity $3.011B $3.405B $3.531B
YoY Change -11.59% 6.75% 17.05%

Cashflow Statement

Concept 2020 Q3 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $33.94M $39.10M $41.62M
YoY Change -13.21% -6.15% 41.62%
Depreciation, Depletion And Amortization $44.10M $44.60M $43.20M
YoY Change -1.12% 7.21% -13.43%
Cash From Operating Activities $172.3M $253.5M $7.400M
YoY Change -32.03% 1850.0% -89.76%
INVESTING ACTIVITIES
Capital Expenditures -$25.60M -$77.50M -$93.20M
YoY Change -66.97% 29.17% 37.06%
Acquisitions
YoY Change
Other Investing Activities $1.000M $400.0K $800.0K
YoY Change 150.0% -94.03% -69.23%
Cash From Investing Activities -$24.50M -$77.10M -$92.50M
YoY Change -68.22% 44.65% 41.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -103.7M -201.7M 69.90M
YoY Change -48.59% -306.87% 620.62%
NET CHANGE
Cash From Operating Activities 172.3M 253.5M 7.400M
Cash From Investing Activities -24.50M -77.10M -92.50M
Cash From Financing Activities -103.7M -201.7M 69.90M
Net Change In Cash 44.10M -25.30M -15.20M
YoY Change -274.31% -144.23% -191.57%
FREE CASH FLOW
Cash From Operating Activities $172.3M $253.5M $7.400M
Capital Expenditures -$25.60M -$77.50M -$93.20M
Free Cash Flow $197.9M $331.0M $100.6M
YoY Change -40.21% 353.42% -28.3%

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CY2020Q3 rusha Lessor Leases Payments Received
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CY2019Q3 rusha Lessor Leases Payments Received
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rusha Lessor Leases Payments Received
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CY2020Q3 rusha Lessor Non Lease Payments Received
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rusha Lessor Non Lease Payments Received
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CY2020Q3 us-gaap Lease Income
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us-gaap Lease Income
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CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
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1262000 USD

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