2013 Q4 Form 10-Q Financial Statement

#000071600613000013 Filed on November 12, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $1.208B $0.00 $1.169B
YoY Change 3.35% -3.6%
Cost Of Revenue $1.099B $1.135B $1.046B
YoY Change 5.01% 2.98% -6.8%
Gross Profit $108.9M $117.5M $122.2M
YoY Change -10.88% -12.64% 36.38%
Gross Profit Margin 9.02% 10.46%
Selling, General & Admin $5.800M $800.0K
YoY Change 625.0% 14.29%
% of Gross Profit 5.33% 0.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.90M $43.30M $44.40M
YoY Change -5.63% -2.91% -13.11%
% of Gross Profit 38.48% 36.85% 36.33%
Operating Expenses $110.8M $1.247B $101.4M
YoY Change 9.27% 3.09% -11.67%
Operating Profit -$1.900M $5.800M $20.80M
YoY Change -109.13% -78.75% -182.54%
Interest Expense -$39.70M $43.10M -$39.10M
YoY Change 1.53% 27.89% -0.26%
% of Operating Profit 743.1% -187.98%
Other Income/Expense, Net $3.000M -$42.90M $2.600M
YoY Change 15.38% 28.06% -316.67%
Pretax Income -$38.30M -$37.10M -$37.20M
YoY Change 2.96% 498.39% -52.25%
Income Tax -$38.70M $7.300M -$1.800M
% Of Pretax Income
Net Earnings $400.0K -$44.40M -$35.30M
YoY Change -101.13% -1580.0% -58.13%
Net Earnings / Revenue 0.03% -3.02%
Basic Earnings Per Share -$4.45
Diluted Earnings Per Share $39.22K -$4.45 -$4.526M
COMMON SHARES
Basic Shares Outstanding 10.94M shares 9.977M shares 8.532M shares
Diluted Shares Outstanding 9.977M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $176.3M $170.5M $208.7M
YoY Change -15.52% -9.98% 4.09%
Cash & Equivalents $176.3M $170.5M $208.7M
Short-Term Investments
Other Short-Term Assets $143.7M $169.7M $77.90M
YoY Change 84.47% 47.82% -42.21%
Inventory $17.00M $27.40M
Prepaid Expenses
Receivables $460.9M $519.0M $460.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $797.9M $859.2M $774.1M
YoY Change 3.07% 4.47% -7.63%
LONG-TERM ASSETS
Property, Plant & Equipment $1.090B $1.121B $1.191B
YoY Change -8.53% -7.77% -10.86%
Goodwill
YoY Change
Intangibles $79.80M $84.90M $99.20M
YoY Change -19.56% -18.37% -15.57%
Long-Term Investments $23.40M $22.30M
YoY Change 4.93% -58.4%
Other Assets $78.50M $56.40M $58.30M
YoY Change 34.65% -39.48% -40.14%
Total Long-Term Assets $1.267B $1.275B $1.451B
YoY Change -12.7% -17.47% -11.92%
TOTAL ASSETS
Total Short-Term Assets $797.9M $859.2M $774.1M
Total Long-Term Assets $1.267B $1.275B $1.451B
Total Assets $2.065B $2.134B $2.226B
YoY Change -7.22% -9.84% -10.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $176.7M $194.3M $162.0M
YoY Change 9.07% 14.83% 6.79%
Accrued Expenses $312.2M $224.1M $347.1M
YoY Change -10.05% -2.01% -10.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.600M $392.7M $9.100M
YoY Change -5.49% 3788.12% -4.21%
Total Short-Term Liabilities $584.6M $1.011B $595.2M
YoY Change -1.78% 48.19% -11.89%
LONG-TERM LIABILITIES
Long-Term Debt $1.355B $968.3M $1.366B
YoY Change -0.84% -29.18% 1.57%
Other Long-Term Liabilities $721.1M $820.6M $893.1M
YoY Change -19.26% 14.69% 12.78%
Total Long-Term Liabilities $1.355B $968.3M $1.366B
YoY Change -0.84% -29.18% 1.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $584.6M $1.011B $595.2M
Total Long-Term Liabilities $1.355B $968.3M $1.366B
Total Liabilities $1.939B $1.979B $1.962B
YoY Change -1.13% -3.43% -2.93%
SHAREHOLDERS EQUITY
Retained Earnings -$2.154B -$2.155B -$2.071B
YoY Change 4.04% 5.86% 7.27%
Common Stock $100.0K $100.0K $100.0K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $92.70M $92.70M $92.70M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares 410.0 shares 410.0K shares 410.0 shares
Shareholders Equity -$597.4M -$665.8M -$629.1M
YoY Change
Total Liabilities & Shareholders Equity $2.065B $2.134B $2.226B
YoY Change -7.22% -9.84% -10.47%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income $400.0K -$44.40M -$35.30M
YoY Change -101.13% -1580.0% -58.13%
Depreciation, Depletion And Amortization $41.90M $43.30M $44.40M
YoY Change -5.63% -2.91% -13.11%
Cash From Operating Activities $15.10M $15.20M $22.10M
YoY Change -31.67% -148.41% -17.54%
INVESTING ACTIVITIES
Capital Expenditures -$10.40M -$17.40M -$18.30M
YoY Change -43.17% 0.0% -48.45%
Acquisitions
YoY Change
Other Investing Activities $15.80M $8.800M $20.70M
YoY Change -23.67% -69.34% -22.18%
Cash From Investing Activities $5.400M -$8.600M $2.400M
YoY Change 125.0% -176.11% -126.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -14.70M -2.000M -5.200M
YoY Change 182.69% -72.6% -126.26%
NET CHANGE
Cash From Operating Activities 15.10M 15.20M 22.10M
Cash From Investing Activities 5.400M -8.600M 2.400M
Cash From Financing Activities -14.70M -2.000M -5.200M
Net Change In Cash 5.800M 4.600M 19.30M
YoY Change -69.95% -116.79% -48.81%
FREE CASH FLOW
Cash From Operating Activities $15.10M $15.20M $22.10M
Capital Expenditures -$10.40M -$17.40M -$18.30M
Free Cash Flow $25.50M $32.60M $40.40M
YoY Change -36.88% -332.86% -35.15%

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us-gaap Payments For Restructuring
PaymentsForRestructuring
5500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
56500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48100000 USD
CY2013Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
503400000 USD
CY2012Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
548800000 USD
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
79600000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
85300000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
10800000 USD
us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
8200000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
45000000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
39200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5900000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
3000000 USD
us-gaap Profit Loss
ProfitLoss
-101200000 USD
us-gaap Profit Loss
ProfitLoss
-84000000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-44400000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2869000000 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2854500000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1191400000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1120900000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20400000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
6600000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
20000000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
90100000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
102500000 USD
CY2013Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
12500000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
7800000 USD
CY2013Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 USD
us-gaap Restructuring Charges
RestructuringCharges
6300000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
500000 USD
CY2013Q3 us-gaap Restructuring Reserve
RestructuringReserve
1300000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2154600000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2070600000 USD
CY2012Q3 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
CY2013Q3 us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3657700000 USD
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1236800000 USD
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
1252700000 USD
us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
3681900000 USD
CY2013Q3 na Dilutive Option And Share Units
DilutiveOptionAndShareUnits
0 shares
na Dilutive Series B Notes
DilutiveSeriesBNotes
0 shares
CY2012Q3 na Dilutive Series B Notes
DilutiveSeriesBNotes
6601000 shares
CY2013Q3 na Dilutive Series B Notes
DilutiveSeriesBNotes
0 shares
na Dilutive Series B Notes
DilutiveSeriesBNotes
0 shares
us-gaap Share Based Compensation
ShareBasedCompensation
4500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3000000 USD
us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
245000 shares
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
-629100000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
-665800000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-665800000 USD
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
410000 shares
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
410000 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
92700000 USD
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
92700000 USD
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14162000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9977000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9053000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7149000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7149000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9977000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9053000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7512000 shares
CY2012Q4 na Claims And Insurance Accruals Noncurrent
ClaimsAndInsuranceAccrualsNoncurrent
344300000 USD
CY2013Q3 na Claims And Insurance Accruals Noncurrent
ClaimsAndInsuranceAccrualsNoncurrent
317200000 USD
CY2013Q3 na Credit Facility Minimum Cash Balance
CreditFacilityMinimumCashBalance
181200000 USD
CY2013Q3 na Debt Instrument Face Amount Excluding Current Maturities
DebtInstrumentFaceAmountExcludingCurrentMaturities
956000000 USD
CY2012Q4 na Debt Instrument Face Amount Excluding Current Maturities
DebtInstrumentFaceAmountExcludingCurrentMaturities
1371900000 USD
CY2013Q3 na Debt Instrument Unamortized Discount Premium Net Noncurrent Maturities
DebtInstrumentUnamortizedDiscountPremiumNetNoncurrentMaturities
-12300000 USD
CY2012Q4 na Debt Instrument Unamortized Discount Premium Net Noncurrent Maturities
DebtInstrumentUnamortizedDiscountPremiumNetNoncurrentMaturities
5600000 USD
CY2012Q3 na Dilutive6 Notes
Dilutive6Notes
18000 shares
CY2013Q3 na Dilutive6 Notes
Dilutive6Notes
0 shares
na Dilutive6 Notes
Dilutive6Notes
0 shares
na Dilutive6 Notes
Dilutive6Notes
0 shares
na Dilutive Option And Share Units
DilutiveOptionAndShareUnits
0 shares
na Dilutive Option And Share Units
DilutiveOptionAndShareUnits
0 shares
CY2012Q3 na Dilutive Option And Share Units
DilutiveOptionAndShareUnits
31000 shares
CY2013Q3 na Long Term Debt Maturities Repaymentsof Principal February152014
LongTermDebtMaturitiesRepaymentsofPrincipalFebruary152014
69400000 USD
CY2013Q3 na Long Term Debt Maturities Repaymentsof Principal March312015
LongTermDebtMaturitiesRepaymentsofPrincipalMarch312015
664700000 USD
CY2013Q3 na Long Term Debt Maturities Repaymentsof Principal September302014
LongTermDebtMaturitiesRepaymentsofPrincipalSeptember302014
325500000 USD
CY2013Q3 na Operating Leases Future Minimum Payments Due Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsDueRemainderOfFiscalYear
13300000 USD
na Purchased Transportation
PurchasedTransportation
372700000 USD
CY2012Q3 na Purchased Transportation
PurchasedTransportation
126800000 USD
na Purchased Transportation
PurchasedTransportation
379600000 USD
CY2013Q3 na Purchased Transportation
PurchasedTransportation
139000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000716006
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10937029 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
YRC Worldwide Inc.

Files In Submission

Name View Source Status
0000716006-13-000013-index-headers.html Edgar Link pending
0000716006-13-000013-index.html Edgar Link pending
0000716006-13-000013.txt Edgar Link pending
0000716006-13-000013-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
na-20130930.xml Edgar Link completed
na-20130930.xsd Edgar Link pending
na-20130930_cal.xml Edgar Link unprocessable
na-20130930_def.xml Edgar Link unprocessable
na-20130930_lab.xml Edgar Link unprocessable
na-20130930_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
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yrcw-2013930x10qamend.htm Edgar Link pending
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yrcw-2013930xex311amend.htm Edgar Link pending
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yrcw-2013930xex322amend.htm Edgar Link pending