2014 Q2 Form 10-Q Financial Statement

#000079307414000029 Filed on August 04, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $542.1M $506.6M
YoY Change 7.0% -2.91%
Cost Of Revenue $138.0M $134.1M
YoY Change 2.91% -6.94%
Gross Profit $404.1M $372.5M
YoY Change 8.48% -1.38%
Gross Profit Margin 74.54% 73.52%
Selling, General & Admin $316.6M $292.4M
YoY Change 8.28% 1.39%
% of Gross Profit 78.35% 78.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $44.57M $42.37M
YoY Change 5.21% 2.07%
% of Gross Profit 11.03% 11.37%
Operating Expenses $361.8M $330.2M
YoY Change 9.57% 1.1%
Operating Profit $42.33M $42.36M
YoY Change -0.07% -17.12%
Interest Expense $136.0K $91.00K
YoY Change 49.45% 40.0%
% of Operating Profit 0.32% 0.21%
Other Income/Expense, Net $569.0K $526.0K
YoY Change 8.17% 16.89%
Pretax Income $42.90M $42.89M
YoY Change 0.03% -16.83%
Income Tax $17.27M $17.05M
% Of Pretax Income 40.25% 39.75%
Net Earnings $25.63M $25.84M
YoY Change -0.8% -15.78%
Net Earnings / Revenue 4.73% 5.1%
Basic Earnings Per Share $0.36 $0.35
Diluted Earnings Per Share $0.35 $0.35
COMMON SHARES
Basic Shares Outstanding 72.09M shares 73.02M shares
Diluted Shares Outstanding 72.60M shares 73.60M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.70M $24.20M
YoY Change 14.46% 32.97%
Cash & Equivalents $27.71M $24.25M
Short-Term Investments
Other Short-Term Assets $32.25M $36.23M
YoY Change -10.98% 127.73%
Inventory $15.09M $20.25M
Prepaid Expenses
Receivables $261.3M $224.0M
Other Receivables $20.90M $10.40M
Total Short-Term Assets $390.5M $347.9M
YoY Change 12.26% 7.56%
LONG-TERM ASSETS
Property, Plant & Equipment $962.0M $949.5M
YoY Change 1.32% -3.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $38.37M $23.10M
YoY Change 66.1% 5.36%
Total Long-Term Assets $1.000B $972.6M
YoY Change 2.85% -2.95%
TOTAL ASSETS
Total Short-Term Assets $390.5M $347.9M
Total Long-Term Assets $1.000B $972.6M
Total Assets $1.391B $1.320B
YoY Change 5.33% -0.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.90M $69.34M
YoY Change 22.44% -10.13%
Accrued Expenses $89.60M $81.60M
YoY Change 9.8% 3.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $194.7M $169.3M
YoY Change 15.03% -5.3%
LONG-TERM LIABILITIES
Long-Term Debt $40.00M $40.00M
YoY Change 0.0%
Other Long-Term Liabilities $19.09M $16.80M
YoY Change 13.61% 11.44%
Total Long-Term Liabilities $19.09M $16.80M
YoY Change 13.61% 11.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $194.7M $169.3M
Total Long-Term Liabilities $19.09M $16.80M
Total Liabilities $213.8M $186.1M
YoY Change 14.9% -4.0%
SHAREHOLDERS EQUITY
Retained Earnings $863.6M $794.7M
YoY Change 8.67% -3.63%
Common Stock $102.2M $100.5M
YoY Change 1.73% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $174.3M $151.9M
YoY Change 14.71% 5.16%
Treasury Stock Shares 8.583M shares 7.841M shares
Shareholders Equity $787.0M $738.9M
YoY Change
Total Liabilities & Shareholders Equity $1.391B $1.320B
YoY Change 5.33% -0.39%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $25.63M $25.84M
YoY Change -0.8% -15.78%
Depreciation, Depletion And Amortization $44.57M $42.37M
YoY Change 5.21% 2.07%
Cash From Operating Activities $31.30M $34.30M
YoY Change -8.75% -37.41%
INVESTING ACTIVITIES
Capital Expenditures -$69.10M -$33.00M
YoY Change 109.39% -41.49%
Acquisitions
YoY Change
Other Investing Activities $24.30M $22.00M
YoY Change 10.45% 16.4%
Cash From Investing Activities -$44.80M -$11.00M
YoY Change 307.27% -70.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.30M -18.20M
YoY Change -15.93% 66.97%
NET CHANGE
Cash From Operating Activities 31.30M 34.30M
Cash From Investing Activities -44.80M -11.00M
Cash From Financing Activities -15.30M -18.20M
Net Change In Cash -28.80M 5.100M
YoY Change -664.71% -17.74%
FREE CASH FLOW
Cash From Operating Activities $31.30M $34.30M
Capital Expenditures -$69.10M -$33.00M
Free Cash Flow $100.4M $67.30M
YoY Change 49.18% -39.48%

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0 USD
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P3Y0M6D
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2590000 USD
us-gaap Share Based Compensation
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2837000 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
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20000000 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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500000 USD
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300000 USD
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200000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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1900000 USD
CY2014Q2 us-gaap Stockholders Equity
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787011000 USD
CY2013Q4 us-gaap Stockholders Equity
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772519000 USD
CY2014Q2 us-gaap Treasury Stock Shares
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8583372 shares
CY2013Q4 us-gaap Treasury Stock Shares
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7819616 shares
CY2014Q2 us-gaap Treasury Stock Value
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174278000 USD
CY2013Q4 us-gaap Treasury Stock Value
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CY2014Q2 us-gaap Unrecognized Tax Benefits
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8900000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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1800000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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122000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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64000 USD
us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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165000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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86000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits Period Increase Decrease
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0 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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5700000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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73598000 shares
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73690000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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73022000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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73140000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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wern Equity Compensation Arrangementby Sharebased Payment Award Performance Award Granted
EquityCompensationArrangementbySharebasedPaymentAwardPerformanceAwardGranted
183000 shares
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0 shares
wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Forfeitures Weighted Average Grant Date Fair Value
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0.00
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25.06
CY2013Q4 wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Nonvested Number Beginning Balance
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0 shares
CY2014Q2 wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Nonvested Number Ending Balance
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183000 shares
CY2013Q4 wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Nonvested Weighted Average Grant Date Fair Value Beginning Balance
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0.00
CY2014Q2 wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Nonvested Weighted Average Grant Date Fair Value Ending Balance
EquityCompensationArrangementbySharebasedPaymentAwardPerformanceAwardsNonvestedWeightedAverageGrantDateFairValueEndingBalance
25.06
wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Vestedin Period
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0 shares
wern Equity Compensation Arrangementby Sharebased Payment Award Performance Awards Vestedin Period Weighted Average Grant Date Fair Value
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0.00
wern Increase Decrease In Self Insurance Reserves Noncurrent
IncreaseDecreaseInSelfInsuranceReservesNoncurrent
-1900000 USD
CY2014Q2 wern Prepaid Taxes Licenses And Permits
PrepaidTaxesLicensesAndPermits
6894000 USD
CY2013Q4 wern Prepaid Taxes Licenses And Permits
PrepaidTaxesLicensesAndPermits
15064000 USD
wern Property And Equipment Disposed Included In Other Receivables
PropertyAndEquipmentDisposedIncludedInOtherReceivables
1104000 USD
wern Property And Equipment Disposed Included In Other Receivables
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696000 USD
CY2014Q2 wern Rent And Purchased Transportation
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128239000 USD
wern Rent And Purchased Transportation
RentAndPurchasedTransportation
239885000 USD
wern Rent And Purchased Transportation
RentAndPurchasedTransportation
221378000 USD
CY2013Q2 wern Rent And Purchased Transportation
RentAndPurchasedTransportation
115060000 USD
CY2014Q2 wern Self Insurance Reserve Total Current
SelfInsuranceReserveTotalCurrent
62301000 USD
CY2013Q4 wern Self Insurance Reserve Total Current
SelfInsuranceReserveTotalCurrent
59811000 USD
CY2013Q4 wern Self Insurance Reserve Total Noncurrent
SelfInsuranceReserveTotalNoncurrent
131900000 USD
CY2014Q2 wern Self Insurance Reserve Total Noncurrent
SelfInsuranceReserveTotalNoncurrent
132250000 USD
wern Share Based Compensation Arrangement By Share Based Payment Award Maximum Numberof Shares Awarded Per Employee Per Year
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberofSharesAwardedPerEmployeePerYear
500000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Period Start Date
DocumentPeriodStartDate
2014-04-01
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000793074
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
71855576 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
WERNER ENTERPRISES INC

Files In Submission

Name View Source Status
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0000793074-14-000029-index.html Edgar Link pending
0000793074-14-000029.txt Edgar Link pending
0000793074-14-000029-xbrl.zip Edgar Link pending
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Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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wern-20140630_cal.xml Edgar Link unprocessable
wern-20140630_def.xml Edgar Link unprocessable
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wern-2014630xex322.htm Edgar Link pending