J.B. Hunt Transport Services (JBHT) FY2012 results: revenue $5.1 billion, up 11.7% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $5.1 billion for fiscal 2012, the year ended 31 December 2012, up 11.7% on the year before. Net income was $310 million, up 20.8%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$5.1 billion
+11.7% on the year
FY2008FY2012
Operating margin
10.5%
9.8% a year earlier
FY2008FY2012
Net income
$310 million
+20.8% on the year
FY2008FY2012
Diluted EPS
$2.59
+22.7% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,055
4,527
3,793
+11.7%
Operating income
530
444
348
+19.4%
Operating margin
10.5%
9.8%
9.2%
Interest expense
25.6
28.5
28.0
-10.3%
Pre-tax income
505
416
320
+21.4%
Income tax
194
159
120
+22.4%
Effective tax rate
38.5%
38.2%
37.6%
Net income
310
257
200
+20.8%
Net margin
6.1%
5.7%
5.3%
Diluted EPS
$2.59
$2.11
$1.56
+22.7%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
548
636
428
-13.8%
Capital expenditure
439
502
262
-12.5%
Free cash flow
109
133
166
-18.6%
Free cash flow margin
2.1%
2.9%
4.4%
Cash from investing
-370
-446
-226
Cash from financing
-178
-192
-202
Depreciation and amortisation
229
214
197
+7.1%
Share-based compensation
29.7
26.8
21.4
+10.7%
Buybacks
50.0
246
251
-79.7%
Dividends paid
83.4
62.2
59.9
+34.0%
Dividend per share
$0.71
$0.52
$0.48
+36.5%
Diluted shares, weighted
120m
122m
128m
-1.6%
Shares outstanding at period end
118m
117m
121m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
792
568
573
+39.5%
Debt
685
749
654
-8.5%
Other liabilities
987
951
734
+3.9%
Total liabilities and equity
2,465
2,267
1,962
+8.7%
Fixed assets
1,885
1,727
1,479
+9.2%
Trading assets
11.2
n/a
n/a
Cash and equivalents
5.6
5.5
7.7
+2.6%
Receivables
466
411
351
+13.3%
Inventory
23.1
20.9
17.3
+10.2%
Other assets
73.3
103
106
-28.6%
Total assets
2,465
2,267
1,962
+8.7%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.