J.B. Hunt Transport Services (JBHT) FY2019 results: revenue $9.2 billion, up 6.4% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $9.2 billion for fiscal 2019, the year ended 31 December 2019, up 6.4% on the year before. Net income was $516 million, up 5.5%, and diluted earnings per share $4.77. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$9.2 billion
+6.4% on the year
FY2012FY2019
Operating margin
8.0%
7.9% a year earlier
FY2012FY2019
Net income
$516 million
+5.5% on the year
FY2012FY2019
Diluted EPS
$4.77
+7.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
9,165
8,615
7,190
+6.4%
Operating income
734
681
624
+7.8%
Operating margin
8.0%
7.9%
8.7%
Interest expense
54.7
40.4
28.8
+35.3%
Pre-tax income
681
641
595
+6.3%
Income tax
165
151
-91.0
+8.8%
Effective tax rate
24.2%
23.6%
-15.3%
Net income
516
490
686
+5.5%
Net margin
5.6%
5.7%
9.5%
Diluted EPS
$4.77
$4.43
$6.18
+7.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,098
1,088
855
+1.0%
Capital expenditure
854
996
527
-14.2%
Free cash flow
244
92.2
328
+164.9%
Free cash flow margin
2.7%
1.1%
4.6%
Cash from investing
-804
-887
-651
Cash from financing
-267
-208
-196
Depreciation and amortisation
499
436
384
+14.5%
Share-based compensation
53.3
47.4
38.3
+12.6%
Buybacks
276
150
180
+83.4%
Dividends paid
112
105
101
+6.5%
Dividend per share
$1.04
$0.96
$0.92
+8.3%
Diluted shares, weighted
108m
110m
111m
-1.9%
Shares outstanding at period end
106m
109m
110m
-2.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,267
2,101
1,839
+7.9%
Debt
1,296
1,149
1,086
+12.8%
Other liabilities
1,908
1,841
1,540
+3.6%
Total liabilities and equity
5,471
5,092
4,465
+7.4%
Fixed assets
3,621
3,445
2,983
+5.1%
Goodwill
96.3
40.1
39.8
+140.3%
Intangible assets
107
65.1
73.7
+63.7%
Cash and equivalents
35.0
7.6
14.6
+360.5%
Receivables
1,012
1,052
921
-3.8%
Inventory
21.1
22.0
20.7
-4.0%
Other assets
579
460
412
+25.9%
Total assets
5,471
5,092
4,465
+7.4%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.