← Hub Group, Inc.
| Annual Trend | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $207.7m | $127.4m | $28.6m | $61.4m | $168.7m | $124.5m | $159.8m | $286.6m | $187.3m | $98.2m | |
| Prepaid Expense and Other Assets, Current | $17.8m | $16.7m | $25.7m | $27.5m | $24.1m | $26.8m | $27.8m | $32.9m | $41.1m | $33.9m | |
| Cash and cash equivalents | $207.7m | $127.4m | $28.6m | $61.4m | $168.7m | $124.5m | $159.8m | $286.6m | $187.3m | $98.2m | |
| Accounts receivable trade, net | $380.0m | $473.6m | $584.0m | $477.1m | $443.5m | $519.0m | $701.5m | $716.2m | $600.2m | $581.5m | |
| Accounts receivable other | $10.3m | $4.3m | $5.7m | — | — | — | — | — | $3.4m | $10.9m | |
| Prepaid taxes | $362k | $294k | $12.1m | $616k | $630k | $1.3m | $2.2m | $17.0m | $17.3m | $15.1m | |
| Prepaid expenses and other current assets | $17.8m | $16.7m | $25.7m | $27.5m | $24.1m | $26.8m | $27.8m | $32.9m | $41.1m | $33.9m | |
| Assets, Current | $624.6m | $622.3m | $656.1m | $588.7m | $640.2m | $672.8m | $894.3m | $1.1b | $849.2m | $768.3m | |
| TOTAL CURRENT ASSETS | $624.6m | $622.3m | $656.1m | $588.7m | $640.2m | $672.8m | $894.3m | $1.1b | $849.2m | $768.3m | |
| Property, Plant and Equipment, Net | $374.8m | $438.6m | $562.1m | $681.9m | $663.2m | $671.1m | $681.5m | $783.7m | $791.7m | $739.9m | |
| Goodwill | $262.6m | $262.4m | $348.7m | $483.6m | $484.5m | $508.6m | $576.9m | $629.4m | $733.7m | $814.3m | |
| Intangible Assets, Net (Excluding Goodwill) | $13.1m | $11.8m | $74.3m | $134.8m | $121.0m | $164.0m | $196.7m | $197.4m | $304.6m | $267.4m | |
| Other intangibles, net | $13.1m | $11.8m | $74.3m | $134.8m | $121.0m | $164.0m | $196.7m | $197.4m | $304.6m | $267.4m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $35.5m | $43.6m | $44.0m | $102.1m | $210.7m | $233.7m | |
| Other Assets, Noncurrent | $4.8m | $4.3m | $5.5m | $16.7m | $18.7m | $18.5m | $18.4m | $21.5m | $22.8m | $22.1m | |
| Right-of-use assets - operating leases | — | — | — | — | $35.5m | $43.6m | $44.0m | $102.1m | $210.7m | $233.7m | |
| Right-of-use assets - financing leases | — | — | — | — | $5.9m | $3.6m | $1.3m | $1.2m | $2.5m | $1.1m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $380.0m | $473.6m | $584.0m | $477.1m | $443.5m | — | — | — | — | — | |
| Restricted cash | — | — | — | — | — | — | — | — | $0 | $28.7m | |
| Restricted investments | $21.1m | $20.9m | $24.2m | $19.2m | $22.6m | $23.4m | $24.3m | $18.1m | $20.8m | $21.6m | |
| Other non-current assets | $4.8m | $4.3m | $5.5m | $16.7m | $18.7m | $18.5m | $18.4m | $21.5m | $22.8m | $22.1m | |
| Lease liability - operating leases | — | — | — | — | $28.5m | $36.3m | $34.9m | $78.6m | $177.7m | $197.7m | |
| Lease liability - financing leases | — | — | — | $4.7m | $1.8m | $8k | $0 | $1.2m | $865k | $330k | |
| Deferred consideration | — | — | — | — | — | — | — | — | $0 | $30.6m | |
| Other non-current liabilities | $20.2m | $23.6m | $37.9m | $29.6m | $36.4m | $42.9m | $41.6m | $43.5m | $55.3m | $51.0m | |
| Deferred taxes | $160.2m | $164.7m | $121.1m | $153.9m | $155.3m | $162.3m | $155.9m | $155.9m | $163.8m | $152.9m | |
| Non-controlling interests | — | — | — | — | — | — | — | — | $0 | $47.0m | |
| Total Hub Group, Inc. equity | $647.8m | $628.2m | $769.9m | $980.8m | $1.1b | $1.2b | $1.3b | $1.6b | $1.6b | $1.6b | |
| Assets | $1.3b | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | $2.4b | $2.8b | $2.9b | $2.9b | |
| TOTAL ASSETS | $1.3b | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | $2.4b | $2.8b | $2.9b | $2.9b | |
| LIABILITIES AND EQUITY | |||||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1.3b | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | $2.4b | $2.8b | $2.9b | $2.9b | |
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | — | $8.6m | $10.1m | $11.4m | $29.5m | $44.7m | $45.5m | |
| Accounts Payable, Current | $230.4m | $266.6m | $338.9m | $272.9m | $257.2m | $285.3m | $424.9m | $344.8m | $349.4m | $280.0m | |
| Long-term Debt, Current Maturities | $32.4m | — | $77.3m | $101.7m | $94.7m | $93.6m | $97.3m | $101.7m | $105.1m | $100.0m | |
| Operating Lease, Liability, Noncurrent | — | — | — | — | $28.5m | $36.3m | $34.9m | $78.6m | $177.7m | $197.7m | |
| Long-term Debt, Excluding Current Maturities | $100.9m | $160.7m | $214.8m | $229.1m | $186.9m | $176.8m | $177.5m | $240.7m | $245.6m | $164.4m | |
| Accounts payable trade | $230.4m | $266.6m | $338.9m | $272.9m | $257.2m | $285.3m | $424.9m | $344.8m | $349.4m | $280.0m | |
| Accounts payable other | $21.5m | $21.1m | $12.3m | $10.9m | $11.6m | $12.7m | $12.5m | $15.6m | $14.5m | $29.1m | |
| Accrued payroll | $33.0m | $36.2m | $29.0m | $55.5m | $45.5m | $23.0m | $56.9m | $66.7m | $21.7m | $32.8m | |
| Accrued other | $38.7m | $46.0m | $59.3m | $82.9m | $86.7m | $102.6m | $82.8m | $132.3m | $121.3m | $91.4m | |
| Current portion of long-term debt | $32.4m | $45.2m | $77.3m | $101.7m | $94.7m | $93.6m | $97.3m | $101.7m | $105.1m | $100.0m | |
| Liabilities, Current | $358.7m | $417.7m | $519.5m | $526.8m | $507.4m | $529.1m | $687.1m | $691.8m | $658.2m | $579.5m | |
| TOTAL CURRENT LIABILITIES | $358.7m | $417.7m | $519.5m | $526.8m | $507.4m | $529.1m | $687.1m | $691.8m | $658.2m | $579.5m | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | $162.3m | $155.9m | $155.9m | $163.8m | $152.9m | |
| Other Liabilities, Noncurrent | $20.2m | $23.6m | $37.9m | $29.6m | $36.4m | $42.9m | $41.6m | $43.5m | $55.3m | $51.0m | |
| Deferred Tax Liabilities, Net | $177.6m | $164.7m | $121.1m | $153.9m | $155.3m | $162.3m | $155.9m | $155.9m | $163.8m | $152.9m | |
| Stockholders’ equity: | |||||||||||
| Preferred Stock, Value, Issued | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Retained Earnings (Accumulated Deficit) | $660.8m | $735.6m | $870.7m | $1.1b | $1.2b | $1.3b | $1.4b | $1.8b | $1.9b | $2.0b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($178k) | ($273k) | ($194k) | ($182k) | ($186k) | ($191k) | ($207k) | ($214k) | ($129k) | ($1.5m) | |
| Additional Paid in Capital, Common Stock | $174.3m | $173.6m | $173.0m | $172.2m | $179.6m | $186.1m | $189.3m | $208.2m | $225.3m | $222.0m | |
| Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2024 and 2023. | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | |
| Common stock | $419k | $419k | $419k | $419k | $419k | $419k | $419k | $419k | $761k | $729k | |
| Accumulated other comprehensive loss | ($178k) | ($273k) | ($194k) | ($182k) | ($186k) | ($191k) | ($207k) | ($214k) | ($129k) | ($1.5m) | |
| Treasury stock; at cost, 11,556,483 shares in 2024 and 13,323,268 shares in 2023. | ($172.0m) | ($265.6m) | ($258.6m) | ($248.6m) | ($268.7m) | ($266.1m) | ($258.3m) | ($374.9m) | ($524.9m) | ($598.6m) | |
| Stockholders' Equity Attributable to Parent | $647.8m | $628.2m | $769.9m | $980.8m | $1.1b | $1.2b | $1.3b | $1.6b | $1.6b | $1.6b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $47.0m | |
| TOTAL STOCKHOLDERS' EQUITY | $1.6b | $1.7b | |||||||||
| Liabilities and Equity | $1.3b | $1.4b | $1.7b | $1.9b | $2.0b | $2.1b | $2.4b | $2.8b | $2.9b | $2.9b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.