Annual report pursuant to Section 13 and 15(d)

Statements of Operations

v3.20.4
Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenue from operations $ 4,015,129 $ 4,109,111 $ 4,043,695
Operating expenses:      
Salaries, wages and benefits 2,053,894 2,122,464 2,075,602
Operating supplies and expenses 373,431 473,114 497,476
General supplies and expenses 110,279 123,975 119,180
Operating taxes and licenses 116,943 116,839 112,210
Insurance and claims 42,364 52,549 44,118
Communications and utilities 31,542 29,601 31,070
Depreciation and amortization 261,259 253,681 230,357
Purchased transportation 97,947 89,636 96,017
Miscellaneous expenses, net 20,588 28,546 20,614
Total operating expenses 3,108,247 3,290,405 3,226,644
Operating income 906,882 818,706 817,051
Non-operating expense (income):      
Interest expense 2,782 377 189
Interest income (1,830) (6,763) (3,113)
Other expense, net 4,566 1,143 4,462
Total non-operating expense (income) 5,518 (5,243) 1,538
Income before income taxes 901,364 823,949 815,513
Provision for income taxes 228,682 208,431 209,845
Net income $ 672,682 $ 615,518 $ 605,668
Earnings per share:      
Basic $ 5.71 $ 5.11 $ 4.93
Diluted $ 5.68 $ 5.10 $ 4.92
Weighted average shares outstanding:      
Basic 117,737,180 120,414,218 122,885,346
Diluted 118,493,203 120,609,599 123,029,672
Dividends declared per share $ 0.60 $ 0.45 $ 0.35