ODFL · 10-Q · 2026Q2 · Full report

Liquidity and Cash Position

OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 63 · Surprise 64 · In source text

Cash and cash equivalents increased to $283.9 million at June 30, 2026 from $24.1 million at June 30, 2025. Operating cash flow increased to $646.3 million in the first six months from $622.4 million, while investing cash outflows declined to $97.0 million from $268.2 million. Financing cash outflows declined to $385.4 million from $438.8 million, primarily because stock-repurchase spending decreased and the company had no credit-agreement activity. The company reported $368.2 million of available revolving-credit capacity after $31.8 million of outstanding letters of credit.

Key facts

• We had no activity on our credit agreement in the first six months of 2026 as compared to $130.0 million of net borrowings during the first six months of 2025. source
• Credit Agreement limit: $400,000 (in thousands) and Credit Agreement availability at June 30, 2026: $368,155 (in thousands) after $31,845 letters of credit outstanding. source
• Cash flows provided by operating activities for the six months ended June 30, 2026: $646,335 (in thousands). source
• Cash flows used in financing activities for the six months ended June 30, 2026: $(385,441) (in thousands). source
• Increase in cash and cash equivalents for the six months ended June 30, 2026: $163,848 (in thousands). source
• Cash and cash equivalents at end of period for six months ended June 30, 2026: $283,939 (in thousands). source
• Cash and cash equivalents at beginning of period for six months ended June 30, 2026: $120,091 (in thousands). source
• Cash flows used in investing activities for the six months ended June 30, 2026: $(97,046) (in thousands). source

Impact estimates