This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rush Enterprises, Inc. Reports Second Quarter Results

  June 30, December 31,
  2010 2009
  (Unaudited)  
Assets    
Current assets:    
 Cash and cash equivalents $ 135,779 $ 149,095
 Accounts receivable, net  54,620  38,869
 Inventories, net  305,009  252,219
 Prepaid expenses and other  3,109  3,650
 Assets held for sale 23,929 22,719
 Deferred income taxes, net  9,195  11,414
     
 Total current assets  531,641  477,966
     
Investments 7,575 7,575
     
Property and equipment, net  412,236  353,841
     
Goodwill, net 143,976 136,761
     
Other assets, net  3,223  1,154
     
Total assets $ 1,098,651 $ 977,297
     
     
Liabilities and shareholders' equity    
Current liabilities:    
 Floor plan notes payable $ 234,708 $ 189,256
 Current maturities of long-term debt  63,457  55,545
 Current maturities of capital lease obligations  6,456  5,730
 Trade accounts payable  38,686  22,427
 Accrued expenses  55,640  40,843
 Total current liabilities  398,947  313,801
     
Long-term debt, net of current maturities  179,681  153,957
 Capital lease obligations, net of current maturities 28,902 28,714
Deferred income taxes, net  52,951  54,600
     
Shareholders' equity:    
 Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2010 and 2009    –      –  
 Common stock, par value $.01 per share; 60,000,000 class A shares and 20,000,000 class B shares authorized; 26,624,753 class A shares and 10,692,641 class B shares outstanding in 2010; and 26,437,848 class A shares and 10,689,375 class B shares outstanding in 2009       389       388
 Additional paid-in capital  192,135  188,116
 Treasury stock, at cost: 1,639,843 class B shares (17,948) (17,948)
 Retained earnings  263,594  255,669
     
 Total shareholders' equity  438,170  426,225
     
Total liabilities and shareholders' equity $ 1,098,651 $ 977,297

RUSH ENTERPRISES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Per Share Amounts)

5 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
RUSHB $25.67 0.00%
RUSHA $27.36 0.00%
AAPL $128.70 0.00%
FB $78.81 0.00%
GOOG $540.78 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs