J.B. Hunt Transport Services (JBHT) FY2013 results: revenue $5.6 billion, up 10.5% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $5.6 billion for fiscal 2013, the year ended 31 December 2013, up 10.5% on the year before. Net income was $342 million, up 10.3%, and diluted earnings per share $2.87. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$5.6 billion
+10.5% on the year
FY2008FY2013
Operating margin
10.3%
10.5% a year earlier
FY2008FY2013
Net income
$342 million
+10.3% on the year
FY2008FY2013
Diluted EPS
$2.87
+10.8% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
5,585
5,055
4,527
+10.5%
Operating income
577
530
444
+8.8%
Operating margin
10.3%
10.5%
9.8%
Interest expense
23.2
25.6
28.5
-9.2%
Pre-tax income
554
505
416
+9.7%
Income tax
211
194
159
+8.7%
Effective tax rate
38.1%
38.5%
38.2%
Net income
342
310
257
+10.3%
Net margin
6.1%
6.1%
5.7%
Diluted EPS
$2.87
$2.59
$2.11
+10.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
574
548
636
+4.8%
Capital expenditure
493
439
502
+12.3%
Free cash flow
80.9
109
133
-25.5%
Free cash flow margin
1.4%
2.1%
2.9%
Cash from investing
-443
-370
-446
Cash from financing
-132
-178
-192
Depreciation and amortisation
253
229
214
+10.6%
Share-based compensation
32.4
29.7
26.8
+8.9%
Buybacks
115
50.0
246
+129.4%
Dividends paid
52.8
83.4
62.2
-36.7%
Dividend per share
$0.45
$0.71
$0.52
-36.6%
Diluted shares, weighted
119m
120m
122m
-0.5%
Shares outstanding at period end
117m
118m
117m
-0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,012
792
568
+27.9%
Debt
708
685
749
+3.4%
Other liabilities
1,099
987
951
+11.3%
Total liabilities and equity
2,819
2,465
2,267
+14.4%
Fixed assets
2,112
1,885
1,727
+12.0%
Trading assets
12.7
11.2
n/a
+13.4%
Cash and equivalents
5.8
5.6
5.5
+4.3%
Receivables
569
466
411
+22.0%
Inventory
26.2
23.1
20.9
+13.8%
Other assets
93.9
73.3
103
+28.1%
Total assets
2,819
2,465
2,267
+14.4%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.