Hub Group, Inc. (HUBG) Financial Statements (2023 and Earlier)

Company Profile

Business Address 2000 CLEARWATER DRIVE
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1601251696129127
Cash and cash equivalents1601251696129127
Receivables684512447499590478
Prepaid expense2111120
Other undisclosed current assets483524282617
Total current assets:894673640589656622
Noncurrent Assets
Finance lease, right-of-use asset146
Operating lease, right-of-use asset444436
Property, plant and equipment681671663682562439
Intangible assets, net (including goodwill)774673605618423274
Goodwill577509484484349262
Intangible assets, net (excluding goodwill)1971641211357412
Restricted cash and investments242323192421
Other noncurrent assets1818191764
Total noncurrent assets:1,5431,4331,3511,3361,015738
TOTAL ASSETS:2,4372,1051,9921,9251,6711,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities565411389411427349
Accounts payable425285257273339267
Accrued liabilities8310387835946
Employee-related liabilities572346562936
Debt99951061058048
Other undisclosed current liabilities242312111221
Total current liabilities:687529507527520418
Noncurrent Liabilities
Long-term debt and lease obligation212213217234223126
Long-term debt, excluding current maturities177177187229215116
Finance lease, liability 02
Capital lease obligations5811
Operating lease, liability353629
Liabilities, other than long-term debt19820536183159188
Deferred tax liabilities, net154121165
Deferred income tax liabilities156162 
Other liabilities424336303824
Total noncurrent liabilities:410418254417382314
Total liabilities:1,097947761944901732
Stockholders' equity
Stockholders' equity attributable to parent, including:1,3401,1581,075981770628
Treasury stock, value(258)(266)(269)(249)(259)(266)
Additional paid in capital189186180172173174
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Retained earnings1,4251,2531,1801,072871736
Other undisclosed stockholders' equity attributable to parent(15)(15)(15)(15)(15)(15)
Total stockholders' equity:1,3401,1581,075981770628
Other undisclosed liabilities and equity  155   
TOTAL LIABILITIES AND EQUITY:2,4372,1051,9921,9251,6711,360

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues4,2323,4963,6683,6844,0353,573
Revenue, net4,0353,573
Cost of revenue
(Cost of Goods and Services Sold)
(3,633)(3,070)(3,147)(3,238)(3,577)(3,118)
Gross profit:600425521446458455
Operating expenses(361)(320)(369)(321)(361)(331)
Operating income:23810615212597124
Nonoperating expense(8)(10)(9)(8)(6)(2)
Investment income, nonoperating002100
Other nonoperating income (expense)(0)(0)0011
Interest and debt expense(7)(10)(11)(10)(7)(4)
Income from continuing operations before equity method investments, income taxes:2248613310784118
Other undisclosed income from continuing operations before income taxes710111074
Income from continuing operations before income taxes:2319614411791121
Income tax expense (benefit)(59)(23)(37)(29)44(47)
Income from continuing operations:171741078813575
Income from discontinued operations   132  
Net income:1717410722013575
Other undisclosed net loss attributable to parent   (18)  
Net income available to common stockholders, diluted:1717410720213575

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1717410722013575
Comprehensive income:1717410722013575
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)(18)0(0)
Comprehensive income, net of tax, attributable to parent:1717410720213575

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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