J.B. Hunt Transport Services (JBHT) FY2020 results: revenue $9.6 billion, up 5.1% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $9.6 billion for fiscal 2020, the year ended 31 December 2020, up 5.1% on the year before. Net income was $506 million, down 2.0%, and diluted earnings per share $4.74. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$9.6 billion
+5.1% on the year
FY2013FY2020
Operating margin
7.4%
8.0% a year earlier
FY2013FY2020
Net income
$506 million
-2.0% on the year
FY2013FY2020
Diluted EPS
$4.74
-0.6% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
9,637
9,165
8,615
+5.1%
Operating income
713
734
681
-2.8%
Operating margin
7.4%
8.0%
7.9%
Interest expense
47.6
54.7
40.4
-13.0%
Pre-tax income
666
681
641
-2.2%
Income tax
160
165
151
-2.8%
Effective tax rate
24.0%
24.2%
23.6%
Net income
506
516
490
-2.0%
Net margin
5.3%
5.6%
5.7%
Diluted EPS
$4.74
$4.77
$4.43
-0.6%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,123
1,098
1,088
+2.2%
Capital expenditure
739
854
996
-13.5%
Free cash flow
384
244
92.2
+57.4%
Free cash flow margin
4.0%
2.7%
1.1%
Cash from investing
-613
-804
-887
Cash from financing
-232
-267
-208
Depreciation and amortisation
527
499
436
+5.7%
Share-based compensation
60.7
53.3
47.4
+13.8%
Buybacks
92.5
276
150
-66.4%
Dividends paid
114
112
105
+2.2%
Dividend per share
$1.08
$1.04
$0.96
+3.8%
Diluted shares, weighted
107m
108m
110m
-1.4%
Shares outstanding at period end
106m
106m
109m
-0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,600
2,267
2,101
+14.7%
Debt
1,305
1,296
1,149
+0.7%
Other liabilities
2,023
1,908
1,841
+6.0%
Total liabilities and equity
5,928
5,471
5,092
+8.4%
Fixed assets
3,689
3,621
3,445
+1.9%
Goodwill
105
96.3
40.1
+9.4%
Intangible assets
107
107
65.1
+0.2%
Cash and equivalents
313
35.0
7.6
+795.1%
Receivables
1,124
1,012
1,052
+11.1%
Inventory
23.8
21.1
22.0
+12.8%
Other assets
566
579
460
-2.3%
Total assets
5,928
5,471
5,092
+8.4%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.