OLD DOMINION FREIGHT LINE, INC.

10-K & 10-Q Filings

Old Dominion Freight Line, Inc. is a North American less-than-truckload (LTL) motor carrier that provides regional, inter-regional, and national LTL services through a single integrated, union-free organization. The company operates 257 service centers, of which it owns 233 and leases 24. Old Dominion's revenue is primarily generated from customers in the United States and North America, with its largest customer accounting for approximately 5.2% of its revenue. The company's business strategy includes increasing market share and selectively expanding capacity in the United States, which involves expanding and upgrading its service center network, purchasing additional equipment, and increasing sales and marketing efforts. Old Dominion's website is http://www.odfl.com, and its ticker symbol is not provided in the text.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$1882.54
2110.48
2337.65
2787.90
2972.44
2991.52
3358.11
4043.70
4109.11
4015.13
5256.33
6260.08
5866.15
9.93%-6.29%Cost of Revenue (-)
$527.52
566.15
617.29
707.06
627.76
555.24
635.79
187.40
198.99
190.85
221.15
240.12
264.28
-5.60%10.06%Gross Profit (+)
$1355.02
1544.34
1720.36
2080.84
2344.68
2436.28
2722.32
3856.30
3910.12
3824.28
5035.18
6019.95
5601.87
12.56%-6.94%Selling, General & Administrative (-)
$969.77
1080.06
1182.69
1391.96
1579.41
1659.98
1810.42
2082.05
2122.46
2053.89
2467.99
2716.84
2629.68
8.67%-3.21%Depreciation & Amortization (-)
$90.82
110.74
127.07
146.47
165.34
189.87
205.76
230.36
253.68
261.26
259.88
276.05
324.44
11.19%17.53%Operating Expenses (-)
$1060.59
1190.81
1309.76
1538.42
1744.75
1849.84
2016.19
2824.05
2877.80
2709.17
3321.73
3861.21
3677.27
10.92%-4.76%Costs & Expenses (Total) (-)
$1648.47
1825.23
1999.21
2346.59
2474.20
2507.68
2782.23
3226.64
3290.41
3108.25
3864.73
4419.44
4225.48
8.16%-4.39%Operating Income/Loss (+)
$234.07
285.25
338.44
441.31
498.24
483.83
575.89
817.05
818.71
906.88
1391.60
1840.63
1640.67
17.62%-10.86%Non-operating Income/Expense (+)
$-13.99
-12.16
-9.75
-8.79
-8.22
-6.25
-0.05
-1.54
5.24
-5.52
-3.18
0.72
7.10
890.66%Earnings before Tax (+)
$220.08
273.10
328.69
432.51
490.02
477.59
575.83
815.51
823.95
901.36
1388.42
1841.35
1647.78
18.27%-10.51%Tax Expense (-)
$80.61
103.65
122.57
165.00
185.33
181.82
112.06
209.84
208.43
228.68
354.05
464.19
408.27
14.48%-12.05%Income/Loss (Continuing Operations) (+)
$139.47
169.45
206.11
267.51
304.69
295.76
463.77
605.67
615.52
672.68
1034.38
1377.16
1239.50
19.97%-10.00%Profit/Loss (+)
$
605.67
615.52
672.68
1034.38
1377.16
1239.50
-10.00%Net Income/Loss (+)
$139.47
169.45
206.11
267.51
304.69
295.76
463.77
605.67
615.52
672.68
1034.38
1377.16
1239.50
19.97%-10.00%Net Income/Loss (Common) (+)
$139.47
169.45
206.11
267.51
304.69
295.76
463.77
605.67
615.52
672.68
1034.38
1377.16
1239.50
19.97%-10.00%EPS (Basic)
$2.44
1.97
2.39
3.10
3.57
3.56
5.63
7.39
7.67
5.71
8.94
12.26
11.33
13.65%-7.59%EPS (Diluted)
$2.44
1.97
2.39
3.10
3.57
3.56
5.63
7.38
7.66
5.68
8.89
12.18
11.26
13.59%-7.55%Weighted Avg Shares (Basic)
57.15
86.16
86.16
86.16
85.38
83.11
82.31
81.92
80.28
117.74
115.65
112.34
109.42
5.56%-2.60%Weighted Avg Shares (Diluted)
57.15
86.16
86.16
86.16
85.38
83.15
82.41
82.02
80.41
118.49
116.41
113.08
110.09
5.62%-2.64%Cash
$75.85
12.86
30.17
34.79
11.47
10.17
127.46
190.28
403.57
401.43
462.56
186.31
433.80
15.64%132.83%Short-term Investments
$
330.27
254.43
49.35
Receivables
$213.48
219.04
248.07
303.17
310.50
320.09
394.17
427.57
397.58
444.65
567.47
578.65
578.88
8.67%0.04%Prepaid Expenses (Current)
$18.61
21.75
21.26
21.09
25.21
37.96
41.41
47.69
55.10
57.41
67.69
92.94
94.21
14.47%1.36%Other Assets (Current)
$23.91
21.38
33.47
74.10
34.55
14.40
21.61
40.69
10.59
9.57
31.63
26.48
36.44
3.57%37.60%Assets (Current)
$331.85
275.03
332.98
433.14
381.73
382.62
584.65
706.23
866.83
1243.34
1383.79
933.74
1143.33
10.86%22.45%Property, Plant & Equipment (Net)
$1126.95
1379.31
1543.06
1743.24
2023.45
2241.40
2404.46
2754.94
2968.84
2914.03
3215.69
3687.07
4095.41
11.35%11.07%Accumulated Depreciation
$621.98
648.92
730.07
831.53
929.38
1043.58
1175.47
1318.21
1464.23
1677.40
1919.94
2128.99
2154.41
10.91%1.19%Goodwill & Intangibles
$19.46
19.46
19.46
19.46
19.46
19.46
19.46
19.46
19.46
Other Assets
$34.81
38.72
36.59
40.39
41.86
52.76
59.85
64.65
140.44
212.04
222.07
217.80
273.65
18.75%25.64%Assets (Non-current)
$1181.22
1437.49
1599.11
1803.09
2084.77
2313.63
2483.77
2839.05
3128.73
3126.07
3437.76
3904.87
4369.06
11.52%11.89%Assets (Total)
$1513.07
1712.51
1932.09
2236.24
2466.50
2696.25
3068.42
3545.28
3995.57
4369.41
4821.54
4838.61
5512.39
11.38%13.93%Accounts Payable
$108.84
124.94
133.97
151.51
191.36
218.39
226.29
303.47
308.91
311.33
402.41
446.49
461.31
12.79%3.32%Debt (Current)
$39.35
38.98
35.72
35.71
26.49
50.00
20.00
20.00
-5.48%0.00%Other Liabilities (Current)
$56.62
61.22
62.43
68.41
67.55
70.25
74.75
53.26
57.18
61.80
61.82
63.31
63.35
0.94%0.06%Liabilities (Current)
$204.81
225.14
232.12
255.64
285.40
288.64
351.05
356.73
366.08
373.13
464.23
529.79
544.66
8.49%2.81%Debt (Non-current)
$229.83
201.43
155.71
120.00
107.32
104.97
45.00
45.00
45.00
99.93
99.95
79.96
59.98
-10.59%-24.99%Other Liabilities
$221.91
259.98
312.17
366.53
389.15
451.48
395.52
463.07
503.77
570.06
577.56
575.94
649.95
9.37%12.85%Liabilities (Non-current)
$451.75
461.41
467.88
486.54
496.46
556.45
440.52
508.07
548.77
669.99
677.50
655.90
709.92
3.84%8.24%Liabilities (Total)
$656.55
686.54
700.01
742.17
781.87
845.09
791.57
864.80
914.85
1043.12
1141.74
1185.69
1254.58
5.54%5.81%Retained Earnings
$713.50
882.95
1089.07
1351.05
1541.80
1707.45
2130.26
2530.18
2850.32
3088.13
3493.86
3397.30
4003.96
15.46%17.86%Shareholder's Equity
$856.52
1025.97
1232.08
1494.06
1684.64
1851.16
2276.85
2680.48
3080.72
3326.29
3679.81
3652.92
4257.81
14.30%16.56%Liabilities & Equity
$1513.07
1712.51
1932.09
2236.24
2466.50
2696.25
3068.42
3545.28
3995.57
4369.41
4821.54
4838.61
5512.39
11.38%13.93%Net Income/Loss
$139.47
169.45
206.11
267.51
304.69
295.76
463.77
605.67
615.52
672.68
1034.38
1377.16
1239.50
19.97%-10.00%Depreciation & Amortization
$90.82
110.74
127.07
146.47
165.34
189.87
205.76
230.36
253.68
Increase/Decrease in Working Capital
$-2.48
-56.83
-46.79
-70.38
-73.34
-108.37
-123.36
-1.01
-67.68
-16.05
141.20
52.78
55.35
4.87%Share-based Compensation
$
1.41
3.24
4.89
16.72
11.34
15.04
15.89
11.08
-30.28%Adjustments to Reconcile Net Income
$137.91
158.60
144.55
124.16
249.19
269.82
72.52
294.45
368.37
260.34
178.23
314.42
329.63
7.53%4.84%Net Cash (Operating)
$277.38
328.06
350.67
391.67
553.88
565.58
536.29
900.12
983.89
933.02
1212.61
1691.58
1569.13
15.54%-7.24%Capital Expenditure
$244.78
361.17
284.37
345.81
437.62
407.40
369.88
581.31
473.64
221.39
530.53
753.05
708.67
9.26%-5.89%Net Cash (Investing)
$-244.78
-361.18
-284.37
-345.81
-437.62
-407.40
-367.75
-580.39
-473.64
-551.66
-455.29
-547.47
-659.82
-20.52%Increase/Decrease in Debt
$55.63
-39.87
-38.98
-35.72
-37.78
-28.83
-9.97
-50.00
54.92
-20.00
Increase/Decrease in Equity
$48.40
-5.53
-114.12
-130.32
-8.01
-163.26
-240.96
-364.06
-536.47
-1277.22
-453.61
64.48%Interest Expenses
$14.91
15.69
13.32
12.59
10.94
8.68
8.75
7.76
6.99
8.16
6.89
7.21
6.85
-6.28%-5.06%Dividends Paid
$
42.57
54.55
71.02
92.37
134.48
175.09
30.19%Net Cash (Financing)
$37.80
-29.87
-48.98
-41.25
-139.58
-159.48
-51.26
-256.90
-296.96
-383.50
-696.18
-1420.36
-661.83
53.40%Cash Taxes Paid
$34.58
74.93
102.45
176.22
130.06
123.39
199.40
170.03
157.29
266.51
352.83
396.51
361.45
21.60%-8.84%Increase/Decrease in Cash
$70.40
-62.99
17.32
4.61
-23.32
-1.30
117.29
62.82
213.29
-2.14
61.13
-276.25
247.49
11.04%189.59%Cash (Beginning)
$5.45
75.85
12.86
30.17
34.79
11.47
10.17
127.46
190.28
403.57
401.43
462.56
186.31
34.22%-59.72%Cash (Ending)
$75.85
12.86
30.17
34.79
11.47
10.17
127.46
190.28
403.57
401.43
462.56
186.31
433.80
15.64%132.83%NOPAT
$197.30
206.99
232.95
261.50
366.00
358.83
376.46
646.70
662.42
638.74
1037.97
1444.28
1280.78
16.87%-11.32%Gross Margin %
71.98%
73.17%
73.59%
74.64%
78.88%
81.44%
81.07%
95.37%
95.16%
95.25%
95.79%
96.16%
95.49%
Operating Margin %
12.43%
13.52%
14.48%
15.83%
16.76%
16.17%
17.15%
20.21%
19.92%
22.59%
26.47%
29.40%
27.97%
NOPAT Margin %
10.48%
9.81%
9.97%
9.38%
12.31%
11.99%
11.21%
15.99%
16.12%
15.91%
19.75%
23.07%
21.83%
Net Margin %
7.41%
8.03%
8.82%
9.60%
10.25%
9.89%
13.81%
14.98%
14.98%
16.75%
19.68%
22.00%
21.13%
Tax Rate %
15.71%
27.44%
31.17%
40.74%
26.54%
25.84%
34.63%
20.85%
19.09%
29.57%
25.41%
21.53%
21.94%
ROA
13.04%
12.09%
12.06%
11.69%
14.84%
13.31%
12.27%
18.24%
16.58%
14.62%
21.53%
29.85%
23.23%
ROE
23.03%
20.17%
18.91%
17.50%
21.73%
19.38%
16.53%
24.13%
21.50%
19.20%
28.21%
39.54%
30.08%
ROIC
14.98%
13.83%
13.73%
13.51%
16.91%
15.10%
13.82%
20.80%
18.89%
18.38%
26.75%
35.51%
27.20%
Asset Turnover
1.24
1.23
1.21
1.25
1.21
1.11
1.09
1.14
1.03
0.92
1.09
1.29
1.06
Equity Multiplier
1.77
1.67
1.57
1.50
1.46
1.46
1.35
1.32
1.30
1.31
1.31
1.32
1.29
Current Ratio
1.62
1.22
1.43
1.69
1.34
1.33
1.67
1.98
2.37
3.33
2.98
1.76
2.10
Quick Ratio
1.41
1.03
1.20
1.32
1.13
1.14
1.49
1.73
2.19
3.15
2.77
1.54
1.86
Debt/Equity Ratio
0.31
0.23
0.16
0.10
0.08
0.06
0.04
0.02
0.01
0.03
0.03
0.03
0.02
Interest Coverage Ratio
15.70
18.18
25.42
35.04
45.54
55.75
65.81
105.26
117.21
111.15
202.06
255.18
239.58
Working Capital/Sales
0.09
0.05
0.06
0.06
0.04
0.04
0.09
0.08
0.13
0.14
0.13
0.06
0.10
Dividend Payout Ratio %
6.58%
8.24%
11.12%
8.90%
9.31%
13.67%
Total Payout
$-89.12
55.56
52.29
53.84
162.84
167.83
26.74
263.59
302.50
388.32
635.72
1418.92
655.55
-53.80%Payout Ratio %
-45.17%
26.84%
22.45%
20.59%
44.49%
46.77%
7.10%
40.76%
45.67%
60.79%
61.25%
98.24%
51.18%