$SAIA
SAIA INC

2022 Q1 Form 10-Q Financial Statement

#000156459022017050 Filed on May 02, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $661.2M $484.1M
YoY Change 36.59% 8.45%
Cost Of Revenue $201.0M $129.9M
YoY Change 54.75% 14.96%
Gross Profit $460.2M $354.1M
YoY Change 29.96% 6.21%
Gross Profit Margin 69.6% 73.15%
Selling, General & Admin $316.8M $270.3M
YoY Change 17.19% 2.58%
% of Gross Profit 68.83% 76.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.95M $35.37M
YoY Change 12.95% 8.54%
% of Gross Profit 8.68% 9.99%
Operating Expenses $356.7M $305.7M
YoY Change 16.69% 3.28%
Operating Profit $103.5M $48.40M
YoY Change 113.79% 24.82%
Interest Expense -$692.0K -$900.0K
YoY Change -23.11% -35.71%
% of Operating Profit -0.67% -1.86%
Other Income/Expense, Net -$235.0K $100.0K
YoY Change -335.0% -120.0%
Pretax Income $102.5M $48.00M
YoY Change 113.59% 30.43%
Income Tax $23.10M $10.70M
% Of Pretax Income 22.53% 22.3%
Net Earnings $79.42M $37.29M
YoY Change 112.98% 32.66%
Net Earnings / Revenue 12.01% 7.7%
Basic Earnings Per Share $3.01 $1.42
Diluted Earnings Per Share $2.98 $1.40
COMMON SHARES
Basic Shares Outstanding 26.39M 26.29M
Diluted Shares Outstanding 26.67M 26.67M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.3M $53.30M
YoY Change 165.15% 13.65%
Cash & Equivalents $141.3M $53.26M
Short-Term Investments
Other Short-Term Assets $47.00M $52.20M
YoY Change -9.97% 25.48%
Inventory
Prepaid Expenses
Receivables $322.3M $242.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $510.7M $348.3M
YoY Change 46.62% 13.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.375B $1.234B
YoY Change 11.51% 9.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.36M $8.735M
YoY Change 213.22% 55.43%
Total Long-Term Assets $1.422B $1.262B
YoY Change 12.63% -0.71%
TOTAL ASSETS
Total Short-Term Assets $510.7M $348.3M
Total Long-Term Assets $1.422B $1.262B
Total Assets $1.932B $1.611B
YoY Change 19.98% 2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.2M $121.6M
YoY Change 7.03% 33.06%
Accrued Expenses $129.0M $116.3M
YoY Change 10.89% 12.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $18.37M $21.10M
YoY Change -12.92% 7.65%
Total Short-Term Liabilities $339.1M $307.3M
YoY Change 10.37% 23.37%
LONG-TERM LIABILITIES
Long-Term Debt $26.51M $45.00M
YoY Change -41.1% -79.19%
Other Long-Term Liabilities $301.7M $305.7M
YoY Change -1.3% -36.94%
Total Long-Term Liabilities $301.7M $305.7M
YoY Change -1.3% -36.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $339.1M $307.3M
Total Long-Term Liabilities $301.7M $305.7M
Total Liabilities $640.9M $613.0M
YoY Change 4.55% -16.47%
SHAREHOLDERS EQUITY
Retained Earnings $733.8M
YoY Change 25.16%
Common Stock $267.5M
YoY Change 2.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.291B $997.6M
YoY Change
Total Liabilities & Shareholders Equity $1.932B $1.611B
YoY Change 19.98% 2.11%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $79.42M $37.29M
YoY Change 112.98% 32.66%
Depreciation, Depletion And Amortization $39.95M $35.37M
YoY Change 12.95% 8.54%
Cash From Operating Activities $95.96M $60.97M
YoY Change 57.39% 18.93%
INVESTING ACTIVITIES
Capital Expenditures $46.26M $25.57M
YoY Change 80.93% -76.24%
Acquisitions
YoY Change
Other Investing Activities $883.0K $200.0K
YoY Change 341.5% -95.92%
Cash From Investing Activities -$45.38M -$25.39M
YoY Change 78.73% -75.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.85M -7.631M
YoY Change 107.68% -107.78%
NET CHANGE
Cash From Operating Activities 95.96M 60.97M
Cash From Investing Activities -45.38M -25.39M
Cash From Financing Activities -15.85M -7.631M
Net Change In Cash 34.74M 27.95M
YoY Change 24.27% -40.1%
FREE CASH FLOW
Cash From Operating Activities $95.96M $60.97M
Capital Expenditures $46.26M $25.57M
Free Cash Flow $49.70M $35.40M
YoY Change 40.39% -162.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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OperatingLeaseLiabilityCurrent
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CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2022Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
122106000
CY2022Q1 saia Claims Insurance And Other Noncurrent
ClaimsInsuranceAndOtherNoncurrent
69064000
CY2022Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
301738000
CY2022Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
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CY2022Q1 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
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CY2022Q1 us-gaap Operating Insurance And Claims Costs Production
OperatingInsuranceAndClaimsCostsProduction
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.01
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2056000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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907000
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
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CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q1 us-gaap Profit Loss
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CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
39952000
CY2022Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2030000
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-181000
CY2022Q1 us-gaap Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
21566000
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
95961000
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46259000
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
883000
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45376000
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
7713000
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
7713000
CY2022Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
907000
CY2021Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3678000
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11230000
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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6350000
CY2022Q1 us-gaap Finance Lease Principal Payments
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CY2021Q1 us-gaap Finance Lease Principal Payments
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
34737000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
79424000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26671000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.01
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
1800000
CY2022Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
44800000
CY2021Q4 saia Long Term Debt And Finance Lease Liability Including Current Maturities
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50400000
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
50404000
CY2021Q4 saia Long Term Debt And Finance Lease Liability Including Current Maturities
LongTermDebtAndFinanceLeaseLiabilityIncludingCurrentMaturities
50404000
CY2021Q4 saia Long Term Debt And Finance Lease Liability Current
LongTermDebtAndFinanceLeaseLiabilityCurrent
19396000
CY2021Q4 saia Long Term Debt And Finance Lease Liabiliity
LongTermDebtAndFinanceLeaseLiabiliity
31008000
CY2022Q1 saia Long Term Debt And Finance Lease Liability Including Interest On Finance Leases
LongTermDebtAndFinanceLeaseLiabilityIncludingInterestOnFinanceLeases
47384000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
2505000
CY2022Q1 saia Long Term Debt And Finance Lease Liability Including Current Maturities
LongTermDebtAndFinanceLeaseLiabilityIncludingCurrentMaturities
44879000

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