Hub Group Inc. (HUBG) Financial Statements (2024 and earlier)

Company Profile

Business Address 2001 HUB GROUP WAY
OAK BROOK, IL 60523
State of Incorp. IL
Fiscal Year End December 31
Industry (SIC) 4731 - Arrangement of Transportation of Freight and Cargo (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18728716012516961
Cash and cash equivalents18728716012516961
Receivables569682684512447499
Prepaid expense17172111
Other undisclosed current assets767248352428
Total current assets:8491,057894673640589
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization31146
Operating lease, right-of-use asset211102444436
Property, plant and equipment792784681671663682
Intangible assets, net (including goodwill)1,038827774673605618
Goodwill734629577509484484
Intangible assets, net (excluding goodwill)305197197164121135
Restricted cash and investments211824232319
Other noncurrent assets232218181917
Total noncurrent assets:2,0871,7531,5431,4331,3511,336
TOTAL ASSETS:2,9362,8102,4372,1051,9921,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities492544565411389411
Employee-related liabilities57234656
Accounts payable349345425285257273
Accrued liabilities143199831038783
Debt1071039995106105
Other undisclosed current liabilities594524231211
Total current liabilities:658692687529507527
Noncurrent Liabilities
Long-term debt and lease obligation246241212213217234
Long-term debt, excluding current maturities246241177177187229
Capital lease obligations5
Finance lease, liability1  02
Liabilities, other than long-term debt39727819820536183
Deferred tax liabilities, net154
Deferred income tax liabilities164156156162 
Other liabilities554442433630
Operating lease, liability17879353629
Total noncurrent liabilities:643519410418254417
Total liabilities:1,3011,2101,097947761944
Equity
Equity, attributable to parent, including:1,6351,6001,3401,1581,075981
Treasury stock, value(525)(375)(258)(266)(269)(249)
Additional paid in capital225208189186180172
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Retained earnings1,9491,7821,4251,2531,1801,072
Other undisclosed equity, attributable to parent(15)(15)(15)(15)(15)(15)
Total equity:1,6351,6001,3401,1581,075981
Other undisclosed liabilities and equity     155 
TOTAL LIABILITIES AND EQUITY:2,9362,8102,4372,1051,9921,925

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,2035,3404,2323,4963,6683,684
Cost of revenue
(Cost of Goods and Services Sold)
  (4,451)(3,633)(3,070)(3,147)(3,238)
Gross profit:4,203890600425521446
Operating expenses(3,990)(415)(361)(320)(369)(321)
Operating income:212475238106152125
Nonoperating expense(3)(7)(8)(10)(9)(8)
Investment income, nonoperating10 0021
Interest and debt expense(13)(7)(7)(10)(11)(10)
Income from continuing operations before equity method investments, income taxes:19646122486133107
Other undisclosed income from continuing operations before income taxes1377101110
Income from continuing operations before income taxes:20946823196144117
Income tax expense(42)(111)(59)(23)(37)(29)
Income from continuing operations:1683571717410788
Income before gain (loss) on sale of properties:17174107220
Income from discontinued operations      132
Net income:16835717174107220
Other undisclosed net loss attributable to parent      (18)
Net income available to common stockholders, diluted:16835717174107202

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:16835717174107220
Comprehensive income:16835717174107220
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)(0)(0)(0)(18)
Comprehensive income, net of tax, attributable to parent:16835717174107202

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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