Old Dominion Freight Line (ODFL) FY2019 results: revenue $4.1 billion, up 1.6% on the year
Old Dominion Freight Line, Inc. (ODFL) reported revenue of $4.1 billion for fiscal 2019, the year ended 31 December 2019, up 1.6% on the year before. Net income was $616 million, up 1.6%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$4.1 billion
+1.6% on the year
FY2016FY2019
Operating margin
19.9%
20.2% a year earlier
FY2016FY2019
Net income
$616 million
+1.6% on the year
FY2016FY2019
Diluted EPS
$2.55
+3.8% on the year
FY2016FY2019
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
4,109
4,044
3,358
+1.6%
Operating income
819
817
576
+0.2%
Operating margin
19.9%
20.2%
17.1%
Pre-tax income
824
816
576
+1.0%
Income tax
208
210
112
-0.7%
Effective tax rate
25.3%
25.7%
19.5%
Net income
616
606
464
+1.6%
Net margin
15.0%
15.0%
13.8%
Diluted EPS
$2.55
$2.46
$1.88
+3.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
984
900
536
+9.3%
Capital expenditure
479
588
382
-18.5%
Free cash flow
505
312
154
+61.8%
Free cash flow margin
12.3%
7.7%
4.6%
Cash from investing
-474
-580
-368
Cash from financing
-297
-257
-51.3
Depreciation and amortisation
254
230
206
+10.1%
Share-based compensation
16.7
4.9
3.2
+241.6%
Buybacks
241
163
8.0
+47.6%
Dividends paid
54.6
42.6
33.0
+28.2%
Dividend per share
$0.23
$0.17
$0.13
+30.8%
Diluted shares, weighted
241m
246m
247m
-2.0%
Shares outstanding at period end
239m
244m
247m
-1.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,081
2,680
2,277
+14.9%
Debt
45.0
45.0
95.0
0.0%
Operating lease liabilities
56.1
n/a
n/a
Other liabilities
814
820
697
-0.7%
Total liabilities and equity
3,996
3,545
3,068
+12.7%
Fixed assets
2,969
2,755
2,404
+7.8%
Goodwill
19.5
19.5
19.5
0.0%
Cash and equivalents
404
190
127
+112.1%
Receivables
398
428
394
-7.0%
Other assets
206
153
123
+34.7%
Total assets
3,996
3,545
3,068
+12.7%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.