OLD DOMINION FREIGHT LINE, INC.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 6, 2026
ODFL$168.02-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Changes in Shareholders’ Equity – For the
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
| Capital in | |||||
|---|---|---|---|---|---|
| Common Stock · Excess of · Retained | |||||
| (In thousands) | Shares | Amount | Par Value | Earnings | Total |
| Balance as of December 31, 2025 | 208,557 | $20,856 | $234,597 | $4,055,604 | $4,311,057 |
| Net income | — | — | — | 238,258 | 238,258 |
| Share repurchases, including transaction costs | (480) | (48) | — | (88,867) | (88,915) |
| Cash dividend declared ($0.29 per share) | — | — | — | (60,430) | (60,430) |
| Share-based compensation and share issuances, net of forfeitures | 93 | 9 | 4,100 | — | 4,109 |
| Taxes paid in exchange for shares withheld | (23) | (2) | (4,355) | — | (4,357) |
| Balance as of March 31, 2026 | 208,147 | $20,815 | $234,342 | $4,144,565 | $4,399,722 |
| Balance as of December 31, 2024 | 212,985 | $21,298 | $228,081 | $3,995,209 | $4,244,588 |
| Net income | — | — | — | 254,660 | 254,660 |
| Share repurchases, including transaction costs | (1,116) | (112) | — | (202,870) | (202,982) |
| Cash dividend declared ($0.28 per share) | — | — | — | (59,444) | (59,444) |
| Share-based compensation and share issuances, net of forfeitures | 84 | 9 | 3,001 | — | 3,010 |
| Taxes paid in exchange for shares withheld | (24) | (2) | (4,506) | — | (4,508) |
| Balance as of March 31, 2025 | 211,929 | $21,193 | $226,576 | $3,987,555 | $4,235,324 |
CONDENSED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| March 31, | ||
| (In thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $238,258 | $254,660 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 92,308 | 89,135 |
| (Gain) loss on disposal of property and equipment | (2,835) | 1,739 |
| Other, net | 8,667 | 7,384 |
| Changes in operating assets and liabilities, net | 37,236 | (16,399) |
| Net cash provided by operating activities | 373,634 | 336,519 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (62,574) | (88,149) |
| Proceeds from sale of property and equipment | 9,923 | 5,232 |
| Net cash used in investing activities | (52,651) | (82,917) |
| Cash flows from financing activities: | ||
| Payments for share repurchases | (88,137) | (201,077) |
| Dividends paid | (60,498) | (59,495) |
| Other financing activities, net | (4,357) | (4,508) |
| Net cash used in financing activities | (152,992) | (265,080) |
| Increase (decrease) in cash and cash equivalents | 167,991 | (11,478) |
| Cash and cash equivalents at beginning of period | 120,091 | 108,676 |
| Cash and cash equivalents at end of period | $288,082 | $97,198 |
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