v3.21.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue from operations $ 1,400,046 $ 1,058,166 $ 3,845,970 $ 2,941,740
Operating expenses:        
Salaries, wages and benefits 649,685 524,658 1,806,862 1,510,047
Operating supplies and expenses 146,509 90,269 408,242 273,374
General supplies and expenses 37,312 27,383 102,907 86,872
Operating taxes and licenses 34,028 29,923 98,550 86,280
Insurance and claims 15,674 11,821 43,579 32,581
Communications and utilities 8,738 7,622 25,324 23,075
Depreciation and amortization 65,160 64,983 193,094 196,153
Purchased transportation 52,037 25,405 130,678 65,188
Miscellaneous expenses, net 7,493 5,858 17,623 15,590
Total operating expenses 1,016,636 787,922 2,826,859 2,289,160
Operating income 383,410 270,244 1,019,111 652,580
Non-operating expense (income):        
Interest expense 371 1,071 1,343 1,936
Interest income (178) (123) (660) (1,602)
Other expense, net 266 961 1,781 4,205
Total non-operating expense 459 1,909 2,464 4,539
Income before income taxes 382,951 268,335 1,016,647 648,041
Provision for income taxes 96,317 66,467 261,078 165,191
Net income $ 286,634 $ 201,868 $ 755,569 $ 482,850
Earnings per share:        
Basic $ 2.48 $ 1.72 $ 6.52 $ 4.09
Diluted $ 2.47 $ 1.71 $ 6.48 $ 4.07
Weighted average shares outstanding:        
Basic 115,411,032 117,188,398 115,905,834 117,946,805
Diluted 116,161,555 117,933,440 116,655,504 118,696,836
Dividends declared per share $ 0.20 $ 0.15 $ 0.60 $ 0.45

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