Annual report pursuant to Section 13 and 15(d)

Statements Of Cash Flows

v2.4.1.9
Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 267,514us-gaap_NetIncomeLoss $ 206,113us-gaap_NetIncomeLoss $ 169,452us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 146,466us-gaap_DepreciationAndAmortization 127,072us-gaap_DepreciationAndAmortization 110,743us-gaap_DepreciationAndAmortization
(Gain) loss on sale of property and equipment (716)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (5,743)us-gaap_GainLossOnSaleOfPropertyPlantEquipment 78us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Deferred income taxes 25,544us-gaap_DeferredIncomeTaxExpenseBenefit 32,736us-gaap_DeferredIncomeTaxExpenseBenefit 17,682us-gaap_DeferredIncomeTaxExpenseBenefit
Changes in assets and liabilities      
Customer and other receivables, net (54,443)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (30,063)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (5,410)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Prepaid expenses and other assets (4,316)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 1,910us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (7,956)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable 8,526us-gaap_IncreaseDecreaseInAccountsPayable (8,103)us-gaap_IncreaseDecreaseInAccountsPayable 2,795us-gaap_IncreaseDecreaseInAccountsPayable
Compensation, benefits and other accrued liabilities 13,672odfl_IncreaseDecreaseCompensationBenefitsAndOtherAccruedLiabilities 17,714odfl_IncreaseDecreaseCompensationBenefitsAndOtherAccruedLiabilities 13,559odfl_IncreaseDecreaseCompensationBenefitsAndOtherAccruedLiabilities
Claims and insurance accruals 7,225us-gaap_IncreaseDecreaseInInsuranceLiabilities 6,952us-gaap_IncreaseDecreaseInInsuranceLiabilities 7,458us-gaap_IncreaseDecreaseInInsuranceLiabilities
Income taxes, net (36,758)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (12,027)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 9,264us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Other liabilities 18,960us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 14,105us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 10,391us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Net cash provided by operating activities 391,674us-gaap_NetCashProvidedByUsedInOperatingActivities 350,666us-gaap_NetCashProvidedByUsedInOperatingActivities 328,056us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchase of property and equipment (367,680)us-gaap_PaymentsToAcquireProductiveAssets (295,606)us-gaap_PaymentsToAcquireProductiveAssets (373,193)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sale of property and equipment 21,866us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 11,235us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 12,018us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash used in investing activities (345,814)us-gaap_NetCashProvidedByUsedInInvestingActivities (284,371)us-gaap_NetCashProvidedByUsedInInvestingActivities (361,175)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 412us-gaap_ProceedsFromIssuanceOfLongTermDebt
Principal payments under long-term debt agreements (35,715)us-gaap_RepaymentsOfLongTermDebt (38,978)us-gaap_RepaymentsOfLongTermDebt (40,284)us-gaap_RepaymentsOfLongTermDebt
Net (payments) proceeds on revolving line of credit 0odfl_ProceedsFromRepaymentsOfLineOfCredit (10,000)odfl_ProceedsFromRepaymentsOfLineOfCredit 10,000odfl_ProceedsFromRepaymentsOfLineOfCredit
Payments for Repurchase of Common Stock (5,532)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Other financing activities, net 0odfl_NetChangeOtherFinancingActivities 0odfl_NetChangeOtherFinancingActivities (2)odfl_NetChangeOtherFinancingActivities
Net cash (used in) provided by financing activities (41,247)us-gaap_NetCashProvidedByUsedInFinancingActivities (48,978)us-gaap_NetCashProvidedByUsedInFinancingActivities (29,874)us-gaap_NetCashProvidedByUsedInFinancingActivities
(Decrease) increase in cash and cash equivalents 4,613us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 17,317us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (62,993)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 30,174us-gaap_CashAndCashEquivalentsAtCarryingValue 12,857us-gaap_CashAndCashEquivalentsAtCarryingValue 75,850us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 34,787us-gaap_CashAndCashEquivalentsAtCarryingValue 30,174us-gaap_CashAndCashEquivalentsAtCarryingValue 12,857us-gaap_CashAndCashEquivalentsAtCarryingValue
Income taxes paid 176,221us-gaap_IncomeTaxesPaid 102,448us-gaap_IncomeTaxesPaid 74,932us-gaap_IncomeTaxesPaid
Interest paid 9,710us-gaap_InterestPaid 11,585us-gaap_InterestPaid 13,728us-gaap_InterestPaid
Capitalized interest $ 2,884us-gaap_InterestPaidCapitalized $ 1,731us-gaap_InterestPaidCapitalized $ 1,963us-gaap_InterestPaidCapitalized