$SAIA
SAIA INC

2016 Q1 Form 10-Q Financial Statement

#000156459016017186 Filed on April 29, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $289.9M $293.0M
YoY Change -1.06% -2.24%
Cost Of Revenue $66.50M $84.90M
YoY Change -21.67% -16.76%
Gross Profit $223.4M $208.2M
YoY Change 7.3% 5.26%
Gross Profit Margin 77.06% 71.05%
Selling, General & Admin $188.4M $171.7M
YoY Change 9.73% 1.78%
% of Gross Profit 84.33% 82.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.24M $15.20M
YoY Change 13.45% 9.81%
% of Gross Profit 7.72% 7.3%
Operating Expenses $205.8M $186.9M
YoY Change 10.11% 2.41%
Operating Profit $17.58M $21.23M
YoY Change -17.19% 39.41%
Interest Expense $963.0K $1.019M
YoY Change -5.5% -22.57%
% of Operating Profit 5.48% 4.8%
Other Income/Expense, Net -$956.0K -$968.0K
YoY Change -1.24% -24.73%
Pretax Income $16.63M $20.27M
YoY Change -17.95% 45.32%
Income Tax $6.053M $7.660M
% Of Pretax Income 36.4% 37.8%
Net Earnings $10.58M $12.61M
YoY Change -16.1% 46.98%
Net Earnings / Revenue 3.65% 4.3%
Basic Earnings Per Share $0.42 $0.51
Diluted Earnings Per Share $0.42 $0.49
COMMON SHARES
Basic Shares Outstanding 25.00M 24.80M
Diluted Shares Outstanding 25.45M 25.51M

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $200.0K
YoY Change 0.0% -75.0%
Cash & Equivalents $200.0K $196.0K
Short-Term Investments
Other Short-Term Assets $37.60M $55.50M
YoY Change -32.25% 27.29%
Inventory
Prepaid Expenses
Receivables $137.6M $140.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $175.4M $196.0M
YoY Change -10.52% 5.18%
LONG-TERM ASSETS
Property, Plant & Equipment $589.2M $507.2M
YoY Change 16.17% 14.42%
Goodwill $30.99M
YoY Change 258.85%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.400M $5.323M
YoY Change -17.34% -4.33%
Total Long-Term Assets $620.3M $543.5M
YoY Change 14.13% 18.8%
TOTAL ASSETS
Total Short-Term Assets $175.4M $196.0M
Total Long-Term Assets $620.3M $543.5M
Total Assets $795.7M $739.5M
YoY Change 7.6% 14.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.70M $57.35M
YoY Change 4.1% -13.24%
Accrued Expenses $30.40M $33.20M
YoY Change -8.43% 11.41%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $13.70M $9.560M
YoY Change 43.31% 33.84%
Total Short-Term Liabilities $150.5M $147.0M
YoY Change 2.35% -5.66%
LONG-TERM LIABILITIES
Long-Term Debt $102.8M $98.08M
YoY Change 4.82% 35.14%
Other Long-Term Liabilities $34.60M $38.30M
YoY Change -9.66% 19.31%
Total Long-Term Liabilities $137.4M $213.2M
YoY Change -35.56% 23.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $150.5M $147.0M
Total Long-Term Liabilities $137.4M $213.2M
Total Liabilities $356.9M $360.3M
YoY Change -0.94% 9.47%
SHAREHOLDERS EQUITY
Retained Earnings $158.0M
YoY Change 54.95%
Common Stock $223.9M
YoY Change 4.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $438.8M $379.3M
YoY Change
Total Liabilities & Shareholders Equity $795.7M $739.5M
YoY Change 7.6% 14.86%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $10.58M $12.61M
YoY Change -16.1% 46.98%
Depreciation, Depletion And Amortization $17.24M $15.20M
YoY Change 13.45% 9.81%
Cash From Operating Activities $16.30M $26.20M
YoY Change -37.79% 536.08%
INVESTING ACTIVITIES
Capital Expenditures $54.00M $30.06M
YoY Change 79.6% 258.8%
Acquisitions $23.08M
YoY Change
Other Investing Activities $400.0K -$22.80M
YoY Change -101.75% -11500.0%
Cash From Investing Activities -$53.60M -$52.90M
YoY Change 1.32% 543.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.40M 22.50M
YoY Change 66.22% 370.02%
NET CHANGE
Cash From Operating Activities 16.30M 26.20M
Cash From Investing Activities -53.60M -52.90M
Cash From Financing Activities 37.40M 22.50M
Net Change In Cash 100.0K -4.200M
YoY Change -102.38% -714.93%
FREE CASH FLOW
Cash From Operating Activities $16.30M $26.20M
Capital Expenditures $54.00M $30.06M
Free Cash Flow -$37.70M -$3.864M
YoY Change 875.54% -9.3%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q4 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
165971
CY2016Q1 us-gaap Common Stock Issued Employee Trust Deferred
CommonStockIssuedEmployeeTrustDeferred
3319000
CY2016Q1 saia Purchased Transportation
PurchasedTransportation
12467000
CY2015Q4 us-gaap Common Stock Issued Employee Trust Deferred
CommonStockIssuedEmployeeTrustDeferred
3102000
CY2016Q1 us-gaap Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
174171
CY2015Q1 saia Purchased Transportation
PurchasedTransportation
17714000
CY2016Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
170266000
CY2015Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
157729000
CY2015Q1 us-gaap Cost Of Services Direct Taxes And Licenses Costs
CostOfServicesDirectTaxesAndLicensesCosts
9096000
CY2016Q1 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
8081000
CY2015Q1 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
4837000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17243000
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
15199000
CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-190000
CY2015Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-69000
CY2016Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
272327000
CY2015Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
271789000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
17584000
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
21233000
CY2016Q1 us-gaap Interest Expense
InterestExpense
963000
CY2015Q1 us-gaap Interest Expense
InterestExpense
1019000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
51000
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-956000
CY2015Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-968000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16628000
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20265000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6053000
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7660000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
10575000
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
12605000
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24998000
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24803000
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25445000
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25513000
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2015Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2015Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
CY2016Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1701000
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2060000
CY2016Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
13213000
CY2015Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
3704000
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
16306000
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
26160000
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53995000
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
367000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-53628000
CY2016Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
65564000
CY2015Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
446000
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
22519000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-4171000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4367000
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
196000
CY2015Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3471000
CY2016Q1 saia Fuel Operating Expenses And Supplies
FuelOperatingExpensesAndSupplies
54040000
CY2015Q1 saia Fuel Operating Expenses And Supplies
FuelOperatingExpensesAndSupplies
67145000
CY2016Q1 us-gaap Cost Of Services Direct Taxes And Licenses Costs
CostOfServicesDirectTaxesAndLicensesCosts
10040000
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
23080000
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
30064000
CY2016Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
26738000
CY2015Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
72277000
CY2015Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1842000
CY2016Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
1390000
CY2015Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2016Q1 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
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CY2015Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2015Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
93854000
CY2015Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
155000
CY2016Q1 saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
399000
CY2015Q1 saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
555000
CY2016Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
48000
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
554672
CY2015Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2016Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1800000
CY2016Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
116900000
CY2015Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
73100000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
116439000
CY2015Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
68972000
CY2016Q1 us-gaap Senior Notes
SeniorNotes
14286000
CY2015Q4 us-gaap Senior Notes
SeniorNotes
14286000
CY2016Q1 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
48793000
CY2015Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
40152000
CY2016Q1 saia Capital Lease Obligation Period
CapitalLeaseObligationPeriod
P7Y
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
13000000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
14953000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
7810000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
7810000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
61170000
CY2016Q1 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
16600000
CY2016Q1 saia Capital Lease Obligations Including Interest On Capital Leases
CapitalLeaseObligationsIncludingInterestOnCapitalLeases
121343000

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