Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Operations (Unaudited)

v3.22.2.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Revenue from operations $ 1,603,690 $ 1,400,046 $ 4,768,418 $ 3,845,970
Operating expenses:        
Salaries, wages and benefits 675,084 649,685 2,060,983 1,806,862
Operating supplies and expenses 217,260 146,509 645,329 408,242
General supplies and expenses 45,951 37,312 120,580 102,907
Operating taxes and licenses 35,753 34,028 105,781 98,550
Insurance and claims 17,491 15,674 50,562 43,579
Communications and utilities 10,288 8,738 30,062 25,324
Depreciation and amortization 68,347 65,160 203,997 193,094
Purchased transportation 34,453 52,037 129,634 130,678
Miscellaneous expenses, net 2,983 7,493 11,087 17,623
Total operating expenses 1,107,610 1,016,636 3,358,015 2,826,859
Operating income 496,080 383,410 1,410,403 1,019,111
Non-operating expense (income):        
Interest expense 997 371 1,283 1,343
Interest income (1,333) (178) (1,933) (660)
Other expense, net 351 266 1,706 1,781
Total non-operating expense 15 459 1,056 2,464
Income before income taxes 496,065 382,951 1,409,347 1,016,647
Provision for income taxes 118,664 96,317 356,117 261,078
Net income $ 377,401 $ 286,634 $ 1,053,230 $ 755,569
Earnings per share:        
Basic $ 3.38 $ 2.48 $ 9.32 $ 6.52
Diluted $ 3.36 $ 2.47 $ 9.26 $ 6.48
Weighted average shares outstanding:        
Basic 111,569,260 115,411,032 113,011,703 115,905,834
Diluted 112,294,938 116,161,555 113,746,887 116,655,504
Dividends declared per share $ 0.30 $ 0.20 $ 0.90 $ 0.60