$SAIA
SAIA INC

2019 Q3 Form 10-Q Financial Statement

#000156459020048868 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q1
Revenue $468.9M $410.6M
YoY Change 10.18% 4.53%
Cost Of Revenue $120.1M $112.0M
YoY Change 6.38% 3.04%
Gross Profit $348.8M $298.6M
YoY Change 11.54% 5.1%
Gross Profit Margin 74.39% 72.73%
Selling, General & Admin $271.6M $243.1M
YoY Change 9.96% 4.11%
% of Gross Profit 77.87% 81.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.33M $26.78M
YoY Change 17.38% 16.29%
% of Gross Profit 8.98% 8.97%
Operating Expenses $302.9M $269.9M
YoY Change 10.55% 5.22%
Operating Profit $45.36M $28.63M
YoY Change 17.22% 3.81%
Interest Expense $1.868M $1.383M
YoY Change -233.43% 12.81%
% of Operating Profit 4.12% 4.83%
Other Income/Expense, Net $0.00 -$1.049M
YoY Change -100.0% -6.59%
Pretax Income $43.50M $27.58M
YoY Change 16.23% 4.26%
Income Tax $10.54M $5.323M
% Of Pretax Income 24.24% 19.3%
Net Earnings $32.97M $22.26M
YoY Change 16.93% 5.37%
Net Earnings / Revenue 7.03% 5.42%
Basic Earnings Per Share $1.27 $0.86
Diluted Earnings Per Share $1.25 $0.85
COMMON SHARES
Basic Shares Outstanding 25.98M 25.87M
Diluted Shares Outstanding 26.46M 26.32M

Balance Sheet

Concept 2019 Q3 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Cash & Equivalents $15.00K $31.00K
Short-Term Investments
Other Short-Term Assets $31.70M $38.90M
YoY Change 20.99% 14.08%
Inventory
Prepaid Expenses
Receivables $218.0M $202.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $249.7M $241.1M
YoY Change 11.15% 6.68%
LONG-TERM ASSETS
Property, Plant & Equipment $1.041B $978.0M
YoY Change 24.58% 28.53%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.014M $5.400M
YoY Change 27.82% 8.0%
Total Long-Term Assets $1.173B $1.006B
YoY Change 35.8% 27.4%
TOTAL ASSETS
Total Short-Term Assets $249.7M $241.1M
Total Long-Term Assets $1.173B $1.006B
Total Assets $1.422B $1.247B
YoY Change 30.71% 22.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.86M $72.00M
YoY Change 36.81% 9.26%
Accrued Expenses $107.1M $96.40M
YoY Change 15.16% 23.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $19.20M $17.90M
YoY Change 9.09% 20.95%
Total Short-Term Liabilities $244.1M $211.5M
YoY Change 16.37% 18.34%
LONG-TERM LIABILITIES
Long-Term Debt $146.0M $131.0M
YoY Change 40.79% 2.5%
Other Long-Term Liabilities $385.8M $317.7M
YoY Change 84.56% 680.69%
Total Long-Term Liabilities $385.8M $317.7M
YoY Change 84.56% 88.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.1M $211.5M
Total Long-Term Liabilities $385.8M $317.7M
Total Liabilities $629.9M $529.2M
YoY Change 50.41% 29.64%
SHAREHOLDERS EQUITY
Retained Earnings $536.8M $466.7M
YoY Change 28.08%
Common Stock $259.4M $254.6M
YoY Change 2.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $792.4M $717.7M
YoY Change
Total Liabilities & Shareholders Equity $1.422B $1.247B
YoY Change 30.71% 22.78%

Cashflow Statement

Concept 2019 Q3 2019 Q1
OPERATING ACTIVITIES
Net Income $32.97M $22.26M
YoY Change 16.93% 5.37%
Depreciation, Depletion And Amortization $31.33M $26.78M
YoY Change 17.38% 16.29%
Cash From Operating Activities $93.70M $30.40M
YoY Change 24.93% -14.37%
INVESTING ACTIVITIES
Capital Expenditures -$78.80M $56.74M
YoY Change 115.3% 21.03%
Acquisitions
YoY Change
Other Investing Activities $300.0K $300.0K
YoY Change -25.0% 200.0%
Cash From Investing Activities -$78.40M -$56.47M
YoY Change 116.57% 20.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.80M 23.90M
YoY Change -59.9% 238.81%
NET CHANGE
Cash From Operating Activities 93.70M 30.40M
Cash From Investing Activities -78.40M -56.47M
Cash From Financing Activities -15.80M 23.90M
Net Change In Cash -500.0K -2.163M
YoY Change -16.67% -48.79%
FREE CASH FLOW
Cash From Operating Activities $93.70M $30.40M
Capital Expenditures -$78.80M $56.74M
Free Cash Flow $172.5M -$26.34M
YoY Change 54.57% 131.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
saia Finance Lease Obligation Period
FinanceLeaseObligationPeriod
P7Y
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
918466000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26150000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
109000
CY2020Q3 saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
356000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.59
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.56
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
220985000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
270990000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2927000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
815226000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1317000
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
2137000
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3404000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
28454000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
875090000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1670000
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
287000
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
120000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
41539000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
695864000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
998000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
1798000
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
3268000
CY2019Q1 saia Purchase Of Shares By Deferred Compensation Trust
PurchaseOfSharesByDeferredCompensationTrust
149000
CY2019Q1 saia Sale Of Shares By Deferred Compensation Trust
SaleOfSharesByDeferredCompensationTrust
148000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
22259000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
717650000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1342000
CY2019Q2 saia Director Deferred Value Activity
DirectorDeferredValueActivity
1117000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
356000
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
36000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
773000
CY2019Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
167000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
10607000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-29437000
us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
1697000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
207298000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
245203000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
678000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-244525000
CY2019Q4 saia Long Term Debt And Finance Lease Liability Including Current Maturities
LongTermDebtAndFinanceLeaseLiabilityIncludingCurrentMaturities
136400000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
32968000
us-gaap Net Income Loss
NetIncomeLoss
98104000
us-gaap Net Income Loss
NetIncomeLoss
92300000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25978000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26118000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
25936000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
125000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3471000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
649000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
13764000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
35048000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2179000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
41539000
CY2020Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
121100000
CY2019Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
136500000
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
75921000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
90501000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
96000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
120000
CY2019Q3 saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
357000
saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
355000
saia Effect Of Other Common Stock Equivalents
EffectOfOtherCommonStockEquivalents
357000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26615000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26460000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26569000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26413000
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.76
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.56
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.49
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
53025
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
103290
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
103290
CY2020Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1800000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Including Current Maturities
LongTermDebtAndFinanceLeaseLiabilityIncludingCurrentMaturities
120921000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Current
LongTermDebtAndFinanceLeaseLiabilityCurrent
20735000
CY2019Q4 saia Long Term Debt And Finance Lease Liability Current
LongTermDebtAndFinanceLeaseLiabilityCurrent
19405000
CY2020Q3 saia Long Term Debt And Finance Lease Liabiliity
LongTermDebtAndFinanceLeaseLiabiliity
100186000
CY2019Q4 saia Long Term Debt And Finance Lease Liabiliity
LongTermDebtAndFinanceLeaseLiabiliity
117025000
CY2019Q1 saia Line Of Credit Facility Amended Expiration Month And Year
LineOfCreditFacilityAmendedExpirationMonthAndYear
2024-02
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
75900000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
90500000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
5557000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal In Year Two
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalInYearTwo
22755000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal In Year Three
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalInYearThree
21020000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal In Year Four
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalInYearFour
15441000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal In Year Five
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalInYearFive
55677000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Maturities Repayments Of Principal After Year Five
LongTermDebtAndFinanceLeaseLiabilityMaturitiesRepaymentsOfPrincipalAfterYearFive
6265000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Including Interest On Finance Leases
LongTermDebtAndFinanceLeaseLiabilityIncludingInterestOnFinanceLeases
126715000
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5794000
CY2020Q3 saia Long Term Debt And Finance Lease Liability Including Current Maturities
LongTermDebtAndFinanceLeaseLiabilityIncludingCurrentMaturities
120921000

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