J.B. Hunt Transport Services (JBHT) FY2014 results: revenue $6.2 billion, up 10.4% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $6.2 billion for fiscal 2014, the year ended 31 December 2014, up 10.4% on the year before. Net income was $375 million, up 9.5%, and diluted earnings per share $3.16. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2015.
Revenue
$6.2 billion
+10.4% on the year
FY2008FY2014
Operating margin
10.2%
10.3% a year earlier
FY2008FY2014
Net income
$375 million
+9.5% on the year
FY2008FY2014
Diluted EPS
$3.16
+10.1% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
6,165
5,585
5,055
+10.4%
Operating income
632
577
530
+9.5%
Operating margin
10.2%
10.3%
10.5%
Interest expense
27.0
23.2
25.6
+16.5%
Pre-tax income
605
554
505
+9.2%
Income tax
230
211
194
+8.8%
Effective tax rate
38.0%
38.1%
38.5%
Net income
375
342
310
+9.5%
Net margin
6.1%
6.1%
6.1%
Diluted EPS
$3.16
$2.87
$2.59
+10.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
647
574
548
+12.6%
Capital expenditure
809
493
439
+63.9%
Free cash flow
-162
80.9
109
Free cash flow margin
-2.6%
1.4%
2.1%
Cash from investing
-660
-443
-370
Cash from financing
13.0
-132
-178
Depreciation and amortisation
294
253
229
+16.2%
Share-based compensation
35.3
32.4
29.7
+9.2%
Buybacks
125
115
50.0
+9.0%
Dividends paid
93.6
52.8
83.4
+77.2%
Dividend per share
$0.80
$0.45
$0.71
+77.8%
Diluted shares, weighted
118m
119m
120m
-0.8%
Shares outstanding at period end
117m
117m
118m
-0.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,205
1,012
792
+19.0%
Debt
934
708
685
+31.8%
Other liabilities
1,236
1,099
987
+12.5%
Total liabilities and equity
3,374
2,819
2,465
+19.7%
Fixed assets
2,483
2,112
1,885
+17.5%
Trading assets
n/a
12.7
11.2
Cash and equivalents
6.0
5.8
5.6
+2.2%
Receivables
654
569
466
+15.0%
Inventory
27.7
26.2
23.1
+5.7%
Other assets
204
93.9
73.3
+117.2%
Total assets
3,374
2,819
2,465
+19.7%
10-K for the year ended 31 December 2014, filed 24 February 2015: the filing.