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    Heartland Express Inc (HTLD)

    Updated Feb 20, 2025, 2:19 PM UTC
    Income Statement - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    OPERATING REVENUE (USD, thousands)295,026.00275,347.001,207,458270,320274,754.00--
    OPERATING EXPENSES (USD, thousands)302,467.00264,642.001,165,073284,703274,491.00266,998.00--
    Salaries, wages, and benefits (USD, thousands)118,923.00112,237.00474,803112,697110,116.00107,392.00--
    Rent and purchased transportation (USD, thousands)26,674.0024,464.00112,74923,86321,688.0018,342.00--
    Fuel (USD, thousands)55,809.0049,023.00212,22847,32147,011.0043,793.00--
    Operations and maintenance (USD, thousands)16,596.0015,689.0063,35816,26416,732.0019,338.00--
    Operating taxes and licenses (USD, thousands)5,399.005,404.0021,8045,3155,255.005,010.00--
    Insurance and claims (USD, thousands)9,331.0014,512.0045,27814,58412,972.0011,342.00--
    Communications and utilities (USD, thousands)2,496.002,457.0010,5082,4402,270.002,765.00--
    Depreciation and amortization (USD, thousands)51,113.0051,120.00199,03946,50446,138.0044,954.00--
    Other operating expenses (USD, thousands)17,190.0014,950.0066,39315,62613,432.0014,538.00--
    Gain on disposal of property and equipment (USD, thousands)(1,064.00)(25,214.00)(41,087)89(1,123.00)(476.00)--
    Operating (loss) income (USD, thousands)(7,441.00)10,705.0042,385263.00(7,137.00)--
    Interest income (USD, thousands)537.00712.001,655484170.00(378.00)--
    Interest expense (USD, thousands)(6,067.00)(5,933.00)(24,187)(5,302)(4,573.00)(4,244.00)--
    (Loss) income before income taxes (USD, thousands)(13,232.00)5,075.0019,853(19,319)(4,022.00)(11,124.00)--
    Federal and state income taxes (benefit) (USD, thousands)(2,529.00)(20.00)5,078(4,211)(544.00)(1,841.00)--
    Net (loss) income (USD, thousands)(10,703.00)5,095.0014,775(3,478.00)(9,283.00)--
    Comprehensive (loss) income (USD, thousands)(10,703.00)5,095.0014,775(15,108)(3,478.00)(9,283.00)--
    Net (loss) income per share - Basic (USD)(0.14)0.070.19(0.05)(0.11)--
    Net (loss) income per share - Diluted (USD)(0.14)0.070.19(0.19)(0.05)(0.11)--
    Weighted average shares outstanding - Basic (thousands)10.007.0079,01079,044(65.00)(165.00)--
    Weighted average shares outstanding - Diluted (thousands)17.0010.0079,07979,122(71.00)(185.00)--
    Dividends declared per share (USD)0.020.020.080.020.020.02--
    Balance Sheet - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Cash and cash equivalents (USD, thousands)20,10128,12328,12323,82323,861--
    Trade receivables, net (USD, thousands)113,945102,740102,740107,932108,913100,017--
    Prepaid tires (USD, thousands)11,88410,65010,6509,4179,4889,372--
    Other current assets (USD, thousands)20,73817,60217,60213,84217,17815,772--
    Income tax receivable (USD, thousands)15,39910,15710,1575,1284,6781,228--
    Total current assets (USD, thousands)182,067169,272169,272160,142164,118157,128--
    Land and land improvements (USD, thousands)102,223118,682118,682118,690119,217119,182--
    Buildings (USD, thousands)153,164149,780149,780149,788151,715151,679--
    Furniture and fixtures (USD, thousands)7,0146,8356,8356,8356,8256,824--
    Shop and service equipment (USD, thousands)22,20320,82220,82220,81522,16522,106--
    Revenue equipment (USD, thousands)1,029,3511,021,2081,021,2081,016,1021,016,035995,743--
    Construction in progress (USD, thousands)15,7622,5822,5824,1611,4342,051--
    Property and equipment, gross (USD, thousands)1,329,7171,319,9091,319,9091,316,3911,317,3911,297,585--
    Less accumulated depreciation (USD, thousands)(403,585)434,558434,558474,940514,644536,948--
    Property and equipment, net (USD, thousands)926,132885,351885,351841,451802,747760,637--
    Goodwill (USD, thousands)322,597322,597322,597322,597322,597322,597--
    Other intangibles, net (USD, thousands)99,79998,53798,53797,28396,02994,774--
    Other assets (USD, thousands)31,97914,95314,95315,46715,15615,570--
    Deferred income taxes, net - Asset (USD, thousands)1,4951,4941,4941,4011,3041,158--
    Operating lease right of use assets (USD, thousands)11,45317,44217,44214,14411,4839,589--
    Total Assets (USD, thousands)1,575,5221,509,6461,509,6461,452,4851,413,434--
    Accounts payable and accrued liabilities (USD, thousands)60,26937,77737,77735,70440,01741,618--
    Compensation and benefits (USD, thousands)29,92228,49228,49229,73928,41729,294--
    Insurance accruals (USD, thousands)16,05821,50721,50724,15325,67824,561--
    Long-term debt and finance lease liabilities - current portion (USD, thousands)9,1319,3039,3038,9868,6448,734--
    Operating lease liabilities - current portion (USD, thousands)7,5209,2599,2597,7407,0186,790--
    Other accruals (USD, thousands)19,21517,13817,13821,14624,06323,728--
    Total current liabilities (USD, thousands)142,115123,476123,476127,468133,837134,725--
    Income taxes payable (USD, thousands)6,3186,2706,2706,2386,0126,119--
    Long-term debt and finance lease liabilities less current portion (USD, thousands)334,796290,696290,696254,616228,522--
    Operating lease liabilities less current portion (USD, thousands)3,9338,1838,1836,4044,4652,799--
    Deferred income taxes, net - Liability (USD, thousands)195,300189,121189,121179,850173,198163,769--
    Accident and work comp accruals less current portion (USD, thousands)31,93026,64026,64029,11930,63430,239--
    Total long-term liabilities (USD, thousands)572,277520,910520,910476,227442,831400,979--
    Capital stock, common (USD, thousands)907907907907907907--
    Additional paid-in capital (USD, thousands)4,2614,5274,5274,5184,333--
    Retained earnings (USD, thousands)1,056,5791,060,0941,060,0941,043,4041,038,3571,027,505--
    Treasury stock, at cost (USD, thousands)(200,617)(200,268)(200,268)(200,039)(206,831)(205,978)--
    Total Stockholders' Equity (USD, thousands)861,130865,260865,260848,790836,766825,749--
    Total Liabilities and Stockholders' Equity (USD, thousands)1,575,5221,509,6461,509,6461,452,4851,413,4341,361,453--
    Cash Flow - MetricQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net (loss) income [USD, thousands](10,703.00)5,095.0014,775(3,478.00)(9,283.00)--
    Depreciation and amortization [USD, thousands]51,113.0051,120.00199,03946,50446,138.0044,954.00--
    Stock-based compensation expense [USD, thousands]535,161.001,620283399.0060.00--
    Debt-related amortization [USD, thousands]267.00263.001,069263262.00264.00--
    Gain on disposal of property and equipment [USD, thousands](1,064.00)(25,214.00)(41,087)89(1,123.00)(476.00)--
    Net cash provided by operating activities [USD, thousands]27,195.0040,816.00165,26739,990.0035,594.00--
    Proceeds from sale of property and equipment [USD, thousands]20,822.0042,659.00137,3196,6495,934.0015,115.00--
    Purchases of property and equipment [USD, thousands](68,844.00)(31,735.00)(10,547.00)(10,985.00)--
    Change in other assets [USD, thousands](37.00)3,028.003,410030,419.00(37.00)--
    Net cash provided by (used in) investing activities [USD, thousands](48,059.00)13,952.00(67,867)1,952(4,583.00)4,130.00--
    Payment of cash dividends [USD, thousands](1,580.00)----(1,569.00)--
    Shares withheld for employee taxes related to stock-based compensation [USD, thousands](58.00)(77.00)(290)(63)(95.00)(225.00)--
    Repayments of finance leases and debt [USD, thousands](5,114.00)(44,191.00)(114,078)(36,660)(26,698.00)(30,643.00)--
    Repurchases of common stock [USD, thousands]--0--0.00--
    Net cash used in financing activities [USD, thousands](6,752.00)(47,429.00)(120,690)(36,723)(35,656.00)(32,437.00)--
    Net increase (decrease) in cash, cash equivalents and restricted cash [USD, thousands](27,616.00)7,339.00(23,290)(3,795)(249.00)7,287.00--
    Cash paid during the period for interest expense [USD, thousands]5,174.005,665.0022,4445,2895,365.003,642.00--
    Cash paid during the period for income taxes, net of refunds [USD, thousands]3,398.00997.0030,135(77)5,937.004,170.00--
    Purchased property and equipment in accounts payable [USD, thousands]3,587.00(18,358.00)3,9124,812562.006,712.00--
    Sold revenue equipment and property in other current assets [USD, thousands]1,595.00427.002,51600.001,253.00--
    Common stock dividends declared in accounts payable [USD, thousands]1.00--1,582(13.00)0.00--
    Acquisition of business, net of cash acquired [USD, thousands]--0-----
    Proceeds from issuance of long-term debt [USD, thousands]--0-----
    Cash dividends paid [USD, thousands]--(6,322)-----
    Deferred income taxes [USD, thousands](11,903)(18,081)(18,081)(9,178)(15,733)(25,016)--
    Trade receivables [USD, thousands]25,87437,07937,079(5,192)(6,173)2,723--
    Prepaid expenses and other current assets [USD, thousands]4,6049,0659,0652,586(647)2,297--
    Accounts payable, accrued liabilities, and accrued expenses [USD, thousands](25,176)(30,998)(30,998)5,73214,0698,030--
    Accrued income taxes [USD, thousands](12,408)(7,214)(7,214)4,9975,2218,778--
    Beginning of period Cash, cash equivalents and restricted cash [USD, thousands]64,47864,47864,47841,18841,18841,188--
    End of period Cash, cash equivalents and restricted cash [USD, thousands]33,84941,18841,18837,39337,14444,431--
    Cash and cash equivalents [USD, thousands]20,10128,12328,12323,82323,86130,739--
    Restricted cash included in other current assets [USD, thousands]299332332323317312--
    Restricted cash included in other assets [USD, thousands]13,44912,73312,73313,24712,96613,380--
    Total cash, cash equivalents and restricted cash [USD, thousands]33,84941,18841,18837,39337,14444,431--
    Fair value of revenue equipment traded [USD, thousands]-00-----
    Revenue by Segment - in Millions of USDQ1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Fuel Surcharge Revenue----36.832.8--
    Accessorial, Brokerage, and Other----20.018.4--
    Operating Revenue Excl. Fuel-----227.0--
    Total Revenue---270.3274.8259.9242.51,047.5