v3.25.1
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue from operations $ 1,374,858 $ 1,460,073
Operating expenses:    
Salaries, wages and benefits 658,085 668,390
Operating supplies and expenses 149,892 172,472
General supplies and expenses 39,880 45,576
Operating taxes and licenses 35,603 35,838
Insurance and claims 17,480 18,194
Communications and utilities 10,803 10,995
Depreciation and amortization 89,132 84,531
Purchased transportation 27,663 30,710
Miscellaneous expenses, net 8,265 6,941
Total operating expenses 1,036,803 1,073,647
Operating income 338,055 386,426
Non-operating (income) expense:    
Interest expense 2 37
Interest income (1,662) (7,372)
Other expense, net 1,071 879
Total non-operating income (589) (6,456)
Income before income taxes 338,644 392,882
Provision for income taxes 83,984 100,578
Net income $ 254,660 $ 292,304
Earnings per share:    
Basic $ 1.2 $ 1.34
Diluted $ 1.19 $ 1.34
Weighted average shares outstanding:    
Basic 212,402 217,594
Diluted 213,484 218,808
Dividends declared per share $ 0.28 $ 0.26

Source