← Hub Group, Inc.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $70.9m |
$74.8m
+5.43%
|
$135.2m
+80.67%
|
$201.7m
+49.27%
|
$107.2m
-46.88%
|
$73.6m
-31.36%
|
$171.5m
+133.11%
|
$356.9m
+108.16%
|
$167.5m
-53.07%
|
$104.0m
-37.93%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $104.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $50k | — | |
| Depreciation, Depletion and Amortization | $37.0m | $44.7m | $62.2m | $83.9m | $116.9m | $123.7m | $130.6m | $153.7m | $184.4m | $192.6m | $187.9m | |
| Amortization of Intangible Assets | $1.3m | $1.3m | $3.9m | $5.7m | $13.8m | $13.8m | $18.7m | $26.6m | $27.2m | $33.5m | — | |
| Depreciation | $35.9m | $43.4m | $58.1m | $77.3m | $89.5m | $95.3m | $95.5m | $103.1m | $114.4m | $106.7m | $187.9m | |
| Depreciation and amortization of intangibles and right-of-use assets | $37.0m | $44.7m | $62.2m | $83.9m | $116.9m | $123.7m | $130.6m | $153.7m | $184.4m | $192.6m | $187.9m | |
| Deferred Income Tax Expense (Benefit) | $16.1m | $12.9m | ($43.6m) | $41.3m | $1.4m | $7.0m | ($6.4m) | ($15k) | $7.9m | ($10.5m) | $4.2m | |
| Deferred taxes | $16.4m | $13.8m | ($41.4m) | $39.5m | $1.8m | $7.5m | ($4.0m) | $4.4m | $9.6m | ($13.8m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $7.8m | $8.5m | $9.9m | $13.5m | $16.3m | $17.1m | $20.1m | $20.4m | $21.3m | $19.2m | $18.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.9m | $2.5m | $3.4m | $4.3m | $4.0m | $8.0m | $9.1m | $8.3m | $10.1m | $10.8m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | $13.5m | $16.3m | $17.1m | $20.1m | $20.6m | $21.2m | $19.0m | $18.9m | |
| Non-cash share-based compensation expense | $7.8m | $8.5m | $9.9m | $13.5m | $16.3m | $17.1m | $20.1m | $20.4m | $21.3m | $19.2m | — | |
| Goodwill, Impairment Loss | $0 | — | — | — | — | — | — | — | — | — | $0 | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | $5.9m | $2.0m | $0 | — | |
| Impairment of right-of-use asset | — | — | — | — | — | $0 | $0 | $5.9m | $2.0m | $0 | — | |
| Other Nonoperating Income (Expense) | ($2.6m) | $819k | $724k | $58k | $341k | ($383k) | ($245k) | ($131k) | $397k | ($167k) | — | |
| Nonoperating Income (Expense) | ($5.4m) | ($2.4m) | ($5.6m) | ($8.2m) | ($8.6m) | ($9.7m) | ($7.5m) | ($6.8m) | ($3.0m) | ($7.7m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable, net | $36.4m | ($87.6m) | ($84.8m) | ($31.5m) | $32.7m | ($47.2m) | ($115.6m) | $8.3m | $145.1m | $33.6m | $575k | |
| Increase (Decrease) in Accounts Payable | ($25.7m) | $35.7m | $59.0m | $5.5m | ($14.9m) | $5.6m | $78.4m | ($89.1m) | $1.2m | ($73.9m) | ($81.4m) | |
| Accrued expenses | $20.5m | $9.2m | ($2.9m) | $43.5m | ($122k) | ($4.4m) | $9.7m | $57.6m | ($63.6m) | ($26.6m) | ($26.7m) | |
| Prepaid expenses and other current assets | ($3.4m) | $1.1m | ($7.5m) | ($1.8m) | $3.4m | ($2.5m) | ($647k) | ($3.1m) | ($6.0m) | $5.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $171.7m |
$102.5m
-40.32%
|
$125.2m
+22.20%
|
$210.8m
+68.37%
|
$254.5m
+20.71%
|
$175.0m
-31.26%
|
$252.8m
+44.52%
|
$458.2m
+81.21%
|
$422.2m
-7.86%
|
$194.4m
-53.95%
|
$160.2m
-17.58%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $129k | $573k | ($441k) | $1.0m | $745k | ($907k) | $19.2m | $24.2m | $6.8m | $1.3m | ($416k) | |
| Proceeds from sale of equipment | $2.3m | $2.1m | $5.3m | $11.0m | $10.0m | $3.3m | $45.2m | $42.9m | $27.7m | $12.2m | — | |
| Payments to Acquire Property, Plant, and Equipment | $83.0m | $107.4m | $74.5m | $199.8m | $94.8m | $115.3m | $133.0m | $219.1m | $140.1m | $50.8m | ($46.8m) | |
| Restricted investments | $836k | $231k | ($3.3m) | $827k | ($3.4m) | ($752k) | ($903k) | $6.2m | ($2.7m) | ($879k) | — | |
| Acquisitions, net of cash acquired | — | — | ($165.9m) | ($248.7m) | ($734k) | ($84.8m) | ($122.4m) | ($102.7m) | ($260.8m) | ($14.6m) | ($14.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $165.9m | $248.7m | $734k | $84.8m | $122.4m | $102.7m | $260.8m | $14.6m | ($14.6m) | |
| Net Cash Provided by (Used in) Investing Activities | ($80.7m) | ($105.3m) | ($235.1m) | ($209.5m) | ($66.1m) | ($196.9m) | ($210.1m) | ($278.9m) | ($373.2m) | ($53.3m) | ($110.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $64.4m | $62.2m | $98.5m | $172.1m | $56.5m | $187.5m | $112.0m | $179.2m | $114.0m | $17.8m | $67.4m | |
| Proceeds from issuance of debt | $64.4m | $62.2m | $98.5m | $172.1m | $56.5m | $187.5m | $112.0m | $179.2m | $114.0m | $17.8m | $67.4m | |
| Repayments of Long-term Debt | $23.2m | $34.8m | $79.9m | $133.4m | $105.7m | $198.7m | $107.6m | $111.5m | $105.8m | $107.0m | ($103.3m) | |
| Payments for Repurchase of Common Stock | $28.8m | $100.0m | — | — | $25.0m | — | $0 | $75.0m | $143.8m | $68.3m | — | |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $30.2m | ($30.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $7.1m |
($77.4m)
-1182.45%
|
$11.1m
+114.30%
|
$31.6m
+185.12%
|
($81.1m)
-357.03%
|
($22.3m)
+72.51%
|
($7.4m)
+66.75%
|
($52.5m)
-607.76%
|
($148.4m)
-182.90%
|
($201.3m)
-35.66%
|
($89.3m)
+55.65%
|
|
| Net (decrease) increase in cash, cash equivalents and restricted cash | — | — | ($98.8m) | $32.9m | $107.3m | ($44.2m) | $35.3m | $126.9m | ($99.4m) | ($60.3m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $107.3m | ($44.2m) | $35.3m | $126.9m | ($99.4m) | ($60.3m) | $146.5m | |
| Cash, cash equivalents and restricted cash at beginning of the year | — | — | $28.6m | $61.4m | $168.7m | $124.5m | $159.8m | $286.6m | $187.3m | $126.9m | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — | — | — | — | ($20k) | ($10k) | $26k | $40k | ($89k) | $51k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $87.7m | $107.2m | $73.6m | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | $114.1m | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | — | $6.8m | $1.3m | — | |
| Income Tax Expense (Benefit) | $40.6m | $46.6m | ($44.2m) | $29.1m | $36.7m | $22.5m | $59.4m | $111.0m | $41.7m | $28.5m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | — | $14.5m | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | $60.0m | $68.6m | $85.2m | $81.3m | $104.2m | $99.6m | $76.5m | $103.9m | $105.7m | $113.7m | — | |
| Goodwill | $262.6m | $262.4m | $348.7m | $483.6m | $484.5m | $508.6m | $576.9m | $629.4m | $733.7m | $814.3m | $0 | |
| Investment Income, Interest | — | — | — | $1.4m | $2.1m | $403k | $5k | — | $10.0m | $6.9m | — | |
| Operating Expenses | $295.7m | $331.0m | $361.0m | $320.7m | $368.6m | $319.6m | $361.2m | $414.8m | $4.0b | $3.8b | — | |
| Proceeds from Stock Options Exercised | $0 | — | — | — | — | — | — | — | — | — | — | |
| Gain on sale of assets, net | ($129k) | ($573k) | $441k | ($1.0m) | ($745k) | $907k | ($19.2m) | ($24.2m) | ($6.8m) | ($1.3m) | — | |
| Other non-current assets | ($805k) | $570k | $56k | ($8.0m) | ($3.8m) | ($2.2m) | ($2.9m) | ($4.2m) | ($3.7m) | ($2.3m) | — | |
| Non-current liabilities | ($2.6m) | $2.7m | $10.2m | ($3.9m) | ($870k) | ($1.9m) | ($13.4m) | ($19.9m) | ($25.9m) | ($44.9m) | — | |
| Purchase of treasury stock | ($28.8m) | ($100.0m) | — | — | ($25.0m) | $0 | $0 | ($75.0m) | ($143.8m) | ($68.3m) | — | |
| Stock withheld for payments of withholding taxes | ($2.9m) | ($2.5m) | ($3.4m) | ($4.3m) | ($4.0m) | ($8.0m) | ($9.1m) | ($8.3m) | ($10.1m) | ($10.8m) | — | |
| Finance lease payments | — | — | ($2.8m) | ($2.9m) | ($3.0m) | ($3.1m) | ($2.7m) | ($2.1m) | ($2.7m) | ($1.7m) | — | |
| Distribution to non-controlling interest holders | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Purchase of treasury stock from related party (Note 17) | — | — | — | — | — | $0 | $0 | ($34.8m) | $0 | $0 | — | |
| Interest | $3.0m | $3.7m | $6.2m | $9.7m | $11.3m | $9.5m | $7.6m | $8.0m | $12.5m | $14.6m | $12.5m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | $14.6m | $66k | ($11.8m) | $11.5m | ($14k) | ($707k) | ($856k) | ($14.8m) | ($344k) | $38.2m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.