AI English summary of an SEC filing — figures as filed
J.B. Hunt JBHTThe company said J.B. Hunt's consolidated operating revenues decreased $12.83 billion (2022 $14.81 billion) in 2023, to 13.4% lower, and that its operating ratio was 92.3%, compared with 91.0% in 2022.
Key points
AI summaryThe company said J.B. Hunt's consolidated operating revenues decreased $12.83 billion (2022 $14.81 billion) in 2023, to 13.4% lower, and that its operating ratio was 92.3%, compared with 91.0% in 2022.
The company disclosed that operating income in 2023 was $569 million for JBI (2022 $800 million) and $405 million for DCS (2022 $361 million), and that ICS posted an operating loss of $44 million (2022 operating income of $57 million).
The company said net cash provided by operating activities was $1.74 billion in 2023 (2022 $1.78 billion), net cash used in investing activities was $1.69 billion (2022 $1.55 billion), and net cash used in financing activities was $58 million (2022 $530 million).
The company said that as of December 31, 2023, it could borrow up to $1.5 billion under its revolving line of credit and committed term loans, with $130.0 million outstanding under the revolving line of credit and $500.0 million outstanding under the term loans. It also said it had committed to approximately $868 million in net equipment purchases for 2024 to 2025.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $12.8B
- Operating income
- $993M
- Net income
- $728M
- EPS
- $6.97
- Operating cash flow
- $1.7B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
2023 Consolidated Operating Revenues and Operating Ratio
The company said J.B. Hunt's consolidated operating revenues decreased $12.83 billion (2022 $14.81 billion) in 2023, to 13.4% lower, and that its operating ratio was 92.3%, compared with 91.0% in 2022.
Source · Based on the MD&A text of the filing
Segment Operating Income Changes in 2023
The company disclosed that operating income in 2023 was $569 million for JBI (2022 $800 million) and $405 million for DCS (2022 $361 million), and that ICS posted an operating loss of $44 million (2022 operating income of $57 million).
Source · Based on the MD&A text of the filing
2023 Operating, Investing and Financing Cash Flows
The company said net cash provided by operating activities was $1.74 billion in 2023 (2022 $1.78 billion), net cash used in investing activities was $1.69 billion (2022 $1.55 billion), and net cash used in financing activities was $58 million (2022 $530 million).
Source · Based on the MD&A text of the filing
Credit Capacity and Equipment Purchase Commitments at Year-End 2023
The company said that as of December 31, 2023, it could borrow up to $1.5 billion under its revolving line of credit and committed term loans, with $130.0 million outstanding under the revolving line of credit and $500.0 million outstanding under the term loans. It also said it had committed to approximately $868 million in net equipment purchases for 2024 to 2025.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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