Stock Analysis on Net
Stock Analysis on Net

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

This company has been moved to the archive! The financial data has not been updated since August 4, 2023.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Old Dominion Freight Line Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Revenue from operations 1,413,189 1,442,136 1,491,659 1,603,690 1,667,448 1,497,280 1,410,358 1,400,046 1,319,409 1,126,515 1,073,389 1,058,166 896,210 987,364 1,009,206 1,048,457 1,060,666 990,782 1,026,944 1,058,233 1,033,498 925,020
Salaries, wages and benefits (642,841) (652,075) (655,852) (675,084) (705,710) (680,189) (661,123) (649,685) (611,518) (545,659) (543,847) (524,658) (460,906) (524,483) (534,086) (533,451) (532,583) (522,344) (515,529) (536,513) (522,249) (501,311)
Operating supplies and expenses (165,373) (192,384) (207,626) (217,260) (236,712) (191,357) (159,373) (146,509) (137,577) (124,156) (100,057) (90,269) (75,412) (107,693) (112,004) (117,343) (122,410) (121,357) (127,417) (127,557) (126,566) (115,936)
General supplies and expenses (38,606) (39,545) (39,418) (45,951) (39,116) (35,513) (33,152) (37,312) (34,427) (31,168) (23,407) (27,383) (25,881) (33,608) (26,391) (33,633) (32,391) (31,560) (28,104) (31,209) (29,891) (29,976)
Operating taxes and licenses (36,890) (36,701) (35,458) (35,753) (34,952) (35,076) (34,902) (34,028) (33,256) (31,266) (30,663) (29,923) (27,043) (29,314) (29,267) (29,117) (29,384) (29,071) (29,305) (27,952) (28,165) (26,788)
Insurance and claims (15,381) (16,028) (7,739) (17,491) (16,964) (16,107) (9,970) (15,674) (14,983) (12,922) (9,783) (11,821) (10,910) (9,850) (18,510) (11,280) (11,587) (11,172) (9,608) (12,069) (11,342) (11,099)
Communications and utilities (11,515) (11,017) (10,522) (10,288) (9,898) (9,876) (8,825) (8,738) (8,390) (8,196) (8,467) (7,622) (7,262) (8,191) (7,530) (8,098) (6,134) (7,839) (8,370) (8,215) (7,439) (7,046)
Depreciation and amortization (79,784) (75,947) (72,053) (68,347) (68,310) (67,340) (66,789) (65,160) (63,947) (63,987) (65,106) (64,983) (65,735) (65,435) (64,544) (63,493) (62,571) (63,073) (62,555) (58,086) (56,235) (53,481)
Purchased transportation (28,596) (30,615) (28,477) (34,453) (42,681) (52,500) (55,107) (52,037) (43,927) (34,714) (32,759) (25,405) (18,983) (20,800) (21,418) (23,063) (24,468) (20,687) (22,860) (25,373) (26,044) (21,740)
Miscellaneous expenses, net (2,609) (4,775) (4,285) (2,983) (4,400) (3,704) (8,626) (7,493) (5,340) (4,790) (4,998) (5,858) (4,912) (4,820) (7,192) (11,452) (4,649) (5,253) (4,351) (2,874) (5,086) (8,303)
Operating expenses (1,021,595) (1,059,087) (1,061,430) (1,107,610) (1,158,743) (1,091,662) (1,037,867) (1,016,636) (953,365) (856,858) (819,087) (787,922) (697,044) (804,194) (820,942) (830,930) (826,177) (812,356) (808,099) (829,848) (813,017) (775,680)
Operating income 391,594 383,049 430,229 496,080 508,705 405,618 372,491 383,410 366,044 269,657 254,302 270,244 199,166 183,170 188,264 217,527 234,489 178,426 218,845 228,385 220,481 149,340
Interest expense (89) (200) (280) (997) (213) (73) (384) (371) (465) (507) (846) (1,071) (765) (100) (92) (3) (160) (122) (138) (29) (11) (11)
Interest income 2,368 2,811 2,951 1,333 471 129 126 178 196 286 228 123 231 1,248 1,797 1,714 1,769 1,483 1,211 778 668 456
Other income (expense), net (1,947) (1,511) (898) (351) (750) (605) (457) (266) (1,387) (128) (361) (961) 373 (3,617) (375) (844) (524) 600 (2,567) 70 334 (2,299)
Non-operating income (expense) 332 1,100 1,773 (15) (492) (549) (715) (459) (1,656) (349) (979) (1,909) (161) (2,469) 1,330 867 1,085 1,961 (1,494) 819 991 (1,854)
Income before income taxes 391,926 384,149 432,002 496,065 508,213 405,069 371,776 382,951 364,388 269,308 253,323 268,335 199,005 180,701 189,594 218,394 235,574 180,387 217,351 229,204 221,472 147,486
Provision for income taxes (99,564) (99,111) (108,073) (118,664) (132,135) (105,318) (92,970) (96,317) (94,812) (69,949) (63,491) (66,467) (51,200) (47,524) (45,570) (54,295) (61,502) (47,064) (57,892) (55,762) (58,038) (38,153)
Net income 292,362 285,038 323,929 377,401 376,078 299,751 278,806 286,634 269,576 199,359 189,832 201,868 147,805 133,177 144,024 164,099 174,072 133,323 159,459 173,442 163,434 109,333

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenue from operations Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Old Dominion Freight Line Inc. revenue from operations decreased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Old Dominion Freight Line Inc. operating income decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Old Dominion Freight Line Inc. income before income taxes decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Old Dominion Freight Line Inc. net income decreased from Q4 2022 to Q1 2023 but then slightly increased from Q1 2023 to Q2 2023.