Cash flow Old Dominion Freight Line, Inc.

Equities

ODFL

US6795801009

Ground Freight & Logistics

Market Closed - Nasdaq Other stock markets 04:00:00 2025-01-13 pm EST			5-day change	1st Jan Change
180.67 ^USD	+2.41%		-0.13%	+2.42%

Jan. 10	TD Cowen Cuts Price Target on Old Dominion Freight Line to $188 From $196, Keeps Hold Rating	MT
Jan. 10	Jefferies Adjusts Price Target on Old Dominion Freight Line to $190 From $185, Maintains Hold Rating	MT

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Published financial data: OLD DOMINION FREIGHT LINE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	4.11B	4.02B	5.26B	6.26B	5.87B
Total Revenues	4.11B	4.02B	5.26B	6.26B	5.87B
Cost of Goods Sold, Total	2.71B	2.56B	3.26B	3.77B	3.51B
Gross Profit	1.39B	1.46B	2B	2.49B	2.35B
Selling General & Admin Expenses, Total	177M	153M	190M	218M	238M
Stock-Based Compensation (IS)	964K	-	-	-	-
Depreciation & Amortization - (IS)	254M	261M	260M	276M	324M
Other Operating Expenses	144M	138M	160M	157M	150M
Other Operating Expenses, Total	576M	551M	609M	651M	713M
Operating Income	819M	907M	1.39B	1.84B	1.64B
Interest Expense, Total	-377K	-2.78M	-1.73M	-1.56M	-464K
Interest And Investment Income	6.76M	1.83M	786K	4.88M	12.8M
Net Interest Expenses	6.39M	-952K	-941K	3.32M	12.34M
Other Non Operating Income (Expenses)	-1.14M	-4.57M	-2.24M	-2.6M	-5.23M
EBT, Excl. Unusual Items	824M	901M	1.39B	1.84B	1.65B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
EBT, Incl. Unusual Items	824M	901M	1.39B	1.84B	1.65B
Income Tax Expense	208M	229M	354M	464M	408M
Earnings From Continuing Operations	616M	673M	1.03B	1.38B	1.24B
Net Income to Company	616M	673M	1.03B	1.38B	1.24B
Net Income - (IS)	616M	673M	1.03B	1.38B	1.24B
Net Income to Common Incl Extra Items	616M	673M	1.03B	1.38B	1.24B
Net Income to Common Excl. Extra Items	616M	673M	1.03B	1.38B	1.24B
Per Share Items
Net EPS - Basic	2.56	2.86	4.47	6.13	5.66
Basic EPS - Continuing Operations	2.56	2.86	4.47	6.13	5.66
Basic Weighted Average Shares Outstanding	241M	235M	231M	225M	219M
Net EPS - Diluted	2.55	2.84	4.44	6.09	5.63
Diluted EPS - Continuing Operations	2.55	2.84	4.44	6.09	5.63
Diluted Weighted Average Shares Outstanding	241M	237M	233M	226M	220M
Normalized Basic EPS	2.14	2.39	3.75	5.12	4.71
Normalized Diluted EPS	2.13	2.38	3.73	5.09	4.68
Dividend Per Share	0.23	0.3	0.4	0.6	0.8
Payout Ratio	8.86	10.56	8.93	9.77	14.13
American Depositary Receipts Ratio (ADR)	0.05	0.05	0.05	0.05	0.05
Supplemental Items
EBITDA	1.07B	1.17B	1.65B	2.12B	1.97B
EBITA	819M	907M	1.39B	1.84B	1.64B
EBIT	819M	907M	1.39B	1.84B	1.64B
EBITDAR	1.09B	1.18B	1.67B	2.14B	1.99B
Effective Tax Rate - (Ratio)	25.3	25.37	25.5	25.21	24.78
Current Domestic Taxes	195M	270M	324M	402M	355M
Total Current Taxes	195M	270M	324M	402M	355M
Deferred Domestic Taxes	13.16M	-41.01M	30.16M	62.01M	53.34M
Total Deferred Taxes	13.16M	-41.01M	30.16M	62.01M	53.34M
Normalized Net Income	515M	563M	868M	1.15B	1.03B
Interest Capitalized	3.13M	2.47M	2.66M	3.26M	3.36M
Interest on Long-Term Debt	377K	2.78M	1.73M	1.56M	464K
Supplemental Operating Expense Items
Advertising Expense	28.3M	19M	28.1M	29M	34.6M
Selling and Marketing Expenses	28.3M	19M	28.1M	29M	34.6M
Net Rental Expense, Total	14.7M	16M	19M	20M	24.5M
Imputed Operating Lease Interest Expense	5.27M	4.23M	3.26M	3.85M	3.77M
Imputed Operating Lease Depreciation	9.43M	11.77M	15.74M	16.15M	20.73M
Stock-Based Comp., COGS (Total)	12.49M	-	-	-	-
Stock-Based Comp., Other (Total)	30.41M	14.3M	15.04M	15.9M	11.08M
Total Stock-Based Compensation	42.9M	14.3M	15.04M	15.9M	11.08M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	404M	401M	463M	186M	434M
Short Term Investments	-	330M	254M	49.36M	-
Total Cash And Short Term Investments	404M	732M	717M	236M	434M
Accounts Receivable, Total	398M	445M	567M	579M	579M
Other Receivables	10.59M	9.57M	31.63M	26.48M	36.44M
Total Receivables	408M	454M	599M	605M	615M
Prepaid Expenses	55.1M	57.41M	67.69M	92.94M	94.21M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	867M	1.24B	1.38B	934M	1.14B
Gross Property Plant And Equipment	4.5B	4.7B	5.24B	5.91B	6.37B
Accumulated Depreciation	-1.46B	-1.68B	-1.92B	-2.13B	-2.15B
Net Property Plant And Equipment	3.03B	3.02B	3.32B	3.78B	4.21B
Goodwill	19.46M	-	-	-	-
Other Long-Term Assets, Total	75.14M	108M	122M	123M	157M
Total Assets	4B	4.37B	4.82B	4.84B	5.51B
Liabilities
Accounts Payable, Total	70.25M	68.51M	82.52M	106M	113M
Accrued Expenses, Total	283M	283M	368M	386M	396M
Current Portion of Long-Term Debt	-	-	-	20M	20M
Current Portion of Leases	10.4M	13M	14M	17.3M	15.6M
Current Income Taxes Payable	2.85M	8.71M	-	-	-
Total Current Liabilities	366M	373M	464M	530M	545M
Long-Term Debt	45M	99.93M	99.95M	79.96M	59.98M
Long-Term Leases	56.1M	93.3M	88.8M	80.8M	105M
Deferred Tax Liability Non Current	262M	220M	249M	311M	363M
Other Non Current Liabilities	186M	257M	240M	185M	182M
Total Liabilities	915M	1.04B	1.14B	1.19B	1.25B
Common Stock, Total	7.97M	11.71M	11.5M	11.02M	10.9M
Additional Paid In Capital	222M	226M	174M	245M	243M
Retained Earnings	2.85B	3.09B	3.49B	3.4B	4B
Total Common Equity	3.08B	3.33B	3.68B	3.65B	4.26B
Total Equity	3.08B	3.33B	3.68B	3.65B	4.26B
Total Liabilities And Equity	4B	4.37B	4.82B	4.84B	5.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	239M	234M	230M	220M	218M
ECS Total Common Shares Outstanding	239M	234M	230M	220M	218M
Book Value / Share	12.89	14.21	16	16.57	19.54
Tangible Book Value	3.06B	3.33B	3.68B	3.65B	4.26B
Tangible Book Value Per Share	12.81	14.21	16	16.57	19.54
Total Debt	112M	206M	203M	198M	200M
Net Debt	-292M	-525M	-514M	-37.6M	-233M
Debt Equivalent Oper. Leases	118M	128M	152M	160M	196M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	2.04B	2.22B	2.46B	2.75B	3.02B
Machinery, Total	1.9B	1.89B	2.15B	2.5B	2.59B
Full Time Employees	20.1K	19.78K	23.66K	23.47K	22.9K
Accumulated Allowance for Doubtful Accounts (Supple)	8.87M	8.98M	9.86M	10.69M	10.4M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	616M	673M	1.03B	1.38B	1.24B
Depreciation & Amortization - CF	254M	261M	260M	276M	324M
Depreciation & Amortization, Total	254M	261M	260M	276M	324M
(Gain) Loss From Sale Of Asset	6.07M	736K	-563K	-3.42M	-22.56M
Stock-Based Compensation (CF)	16.72M	11.34M	15.04M	15.89M	11.08M
Other Operating Activities, Total	24.22M	-29.05M	45.06M	78.67M	72.01M
Change In Accounts Receivable	30.33M	-49.04M	-126M	-13.01M	-3.88M
Change In Accounts Payable	-8.26M	-1.74M	14.01M	23.76M	6.5M
Change In Income Taxes	32.61M	8.75M	-27.93M	6.48M	-5.82M
Change in Other Net Operating Assets	13M	58.09M	-1.72M	-70M	-52.16M
Cash from Operations	984M	933M	1.21B	1.69B	1.57B
Capital Expenditure	-479M	-225M	-550M	-775M	-757M
Sale of Property, Plant, and Equipment	5.69M	3.69M	19.55M	22.1M	48.64M
Investment in Marketable and Equity Securities, Total	-	-330M	75.74M	206M	48.85M
Other Investing Activities, Total	-	-100K	-500K	-	-
Cash from Investing	-474M	-552M	-455M	-547M	-660M
Long-Term Debt Issued, Total	-	99.92M	-	-	-
Total Debt Issued	-	99.92M	-	-	-
Long-Term Debt Repaid, Total	-	-45M	-	-	-20M
Total Debt Repaid	-	-45M	-	-	-20M
Repurchase of Common Stock	-241M	-364M	-536M	-1.28B	-454M
Common Dividends Paid	-54.55M	-71.02M	-92.37M	-134M	-175M
Common & Preferred Stock Dividends Paid	-54.55M	-71.02M	-92.37M	-134M	-175M
Other Financing Activities, Total	-1.45M	-3.34M	-67.35M	-8.66M	-13.13M
Cash from Financing	-297M	-384M	-696M	-1.42B	-662M
Net Change in Cash	213M	-2.14M	61.13M	-276M	247M
Supplemental Items
Cash Interest Paid	3.86M	5.69M	4.23M	3.95M	3.48M
Cash Income Tax Paid (Refund)	157M	267M	353M	397M	361M
Levered Free Cash Flow	380M	572M	528M	677M	608M
Unlevered Free Cash Flow	381M	573M	530M	678M	609M
Change In Net Working Capital	-51.64M	43.93M	65.05M	-10.98M	-5.1M
Net Debt Issued / Repaid	-	54.92M	-	-	-20M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	13.57	13.55	18.93	23.82	19.81
Return on Total Capital	17.29	16.86	23.46	29.75	24.68
Return On Equity %	21.37	21	29.53	37.56	31.34
Return on Common Equity	21.37	21	29.53	37.56	31.34
Margin Analysis
Gross Profit Margin %	33.93	36.32	38.06	39.8	40.12
SG&A Margin	4.3	3.8	3.61	3.49	4.05
EBITDA Margin %	26.1	29.09	31.42	33.81	33.5
EBITA Margin %	19.92	22.59	26.47	29.4	27.97
EBIT Margin %	19.92	22.59	26.47	29.4	27.97
Income From Continuing Operations Margin %	14.98	16.75	19.68	22	21.13
Net Income Margin %	14.98	16.75	19.68	22	21.13
Net Avail. For Common Margin %	14.98	16.75	19.68	22	21.13
Normalized Net Income Margin	12.53	14.03	16.51	18.38	17.56
Levered Free Cash Flow Margin	9.26	14.24	10.05	10.82	10.37
Unlevered Free Cash Flow Margin	9.26	14.28	10.07	10.83	10.38
Asset Turnover
Asset Turnover	1.09	0.96	1.14	1.3	1.13
Fixed Assets Turnover	1.42	1.33	1.66	1.76	1.47
Receivables Turnover (Average Receivables)	9.96	9.53	10.39	10.92	10.14
Short Term Liquidity
Current Ratio	2.37	3.33	2.98	1.76	2.1
Quick Ratio	2.22	3.18	2.83	1.59	1.93
Operating Cash Flow to Current Liabilities	2.69	2.5	2.61	3.19	2.88
Days Sales Outstanding (Average Receivables)	36.65	38.39	35.14	33.41	36.01
Average Days Payable Outstanding	10	9.93	8.47	9.14	11.38
Long Term Solvency
Total Debt/Equity	3.62	6.2	5.51	5.42	4.7
Total Debt / Total Capital	3.49	5.84	5.22	5.14	4.49
LT Debt/Equity	3.28	5.81	5.13	4.4	3.87
Long-Term Debt / Total Capital	3.17	5.47	4.86	4.17	3.7
Total Liabilities / Total Assets	22.9	23.87	23.68	24.5	22.76
EBIT / Interest Expense	2.17K	325.98	805.79	1.18K	3.54K
EBITDA / Interest Expense	2.88K	425.65	967.28	1.37K	4.29K
(EBITDA - Capex) / Interest Expense	1.61K	344.74	648.77	871.11	2.66K
Total Debt / EBITDA	0.1	0.17	0.12	0.09	0.1
Net Debt / EBITDA	-0.27	-0.44	-0.31	-0.02	-0.12
Total Debt / (EBITDA - Capex)	0.18	0.22	0.18	0.15	0.16
Net Debt / (EBITDA - Capex)	-0.48	-0.55	-0.46	-0.03	-0.19
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.62	-2.29	30.91	19.1	-6.29
Gross Profit, 1 Yr. Growth %	3.78	4.59	37.2	24.53	-5.55
EBITDA, 1 Yr. Growth %	2.38	8.93	41.38	28.17	-7.16
EBITA, 1 Yr. Growth %	0.2	10.77	53.45	32.27	-10.86
EBIT, 1 Yr. Growth %	0.2	10.77	53.45	32.27	-10.86
Earnings From Cont. Operations, 1 Yr. Growth %	1.63	9.29	53.77	33.14	-10
Net Income, 1 Yr. Growth %	1.63	9.29	53.77	33.14	-10
Normalized Net Income, 1 Yr. Growth %	1.03	9.4	54.04	32.62	-10.51
Diluted EPS Before Extra, 1 Yr. Growth %	3.79	11.37	56.51	37.01	-7.55
Accounts Receivable, 1 Yr. Growth %	-7.01	11.84	27.62	1.97	0.04
Net Property, Plant and Equip., 1 Yr. Growth %	10.13	-0.52	9.86	14.06	11.36
Total Assets, 1 Yr. Growth %	12.7	9.36	10.35	0.35	13.93
Tangible Book Value, 1 Yr. Growth %	15.04	7.97	10.63	-0.73	16.56
Common Equity, 1 Yr. Growth %	14.93	7.97	10.63	-0.73	16.56
Cash From Operations, 1 Yr. Growth %	9.31	-5.17	29.97	39.5	-7.24
Capital Expenditures, 1 Yr. Growth %	-18.52	-53.04	144.39	40.92	-2.3
Levered Free Cash Flow, 1 Yr. Growth %	137.38	50.29	-7.55	28.14	-10.15
Unlevered Free Cash Flow, 1 Yr. Growth %	137.35	50.65	-7.64	28.07	-10.24
Dividend Per Share, 1 Yr. Growth %	30.81	33.33	33.33	50	33.33
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.62	-0.35	13.1	24.86	5.64
Gross Profit, 2 Yr. CAGR %	15.05	4.18	19.79	30.71	8.45
EBITDA, 2 Yr. CAGR %	17.13	5.61	24.1	34.61	9.08
EBITA, 2 Yr. CAGR %	19.23	5.35	30.37	42.46	8.58
EBIT, 2 Yr. CAGR %	19.23	5.35	30.37	42.46	8.58
Earnings From Cont. Operations, 2 Yr. CAGR %	15.2	5.39	29.63	43.08	9.47
Net Income, 2 Yr. CAGR %	15.2	5.39	29.63	43.08	9.47
Normalized Net Income, 2 Yr. CAGR %	19.62	5.13	29.81	42.93	8.94
Diluted EPS Before Extra, 2 Yr. CAGR %	16.64	7.45	32.03	46.44	12.54
Accounts Receivable, 2 Yr. CAGR %	0.43	1.98	19.47	14.08	1
Net Property, Plant and Equip., 2 Yr. CAGR %	12.33	4.67	4.54	11.94	12.7