v3.22.2
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue from operations $ 1,667,448 $ 1,319,409 $ 3,164,728 $ 2,445,924
Operating expenses:        
Salaries, wages and benefits 705,710 611,518 1,385,899 1,157,177
Operating supplies and expenses 236,712 137,577 428,069 261,733
General supplies and expenses 39,116 34,427 74,629 65,595
Operating taxes and licenses 34,952 33,256 70,028 64,522
Insurance and claims 16,964 14,983 33,071 27,905
Communications and utilities 9,898 8,390 19,774 16,586
Depreciation and amortization 68,310 63,947 135,650 127,934
Purchased transportation 42,681 43,927 95,181 78,641
Miscellaneous expenses, net 4,400 5,340 8,104 10,130
Total operating expenses 1,158,743 953,365 2,250,405 1,810,223
Operating income 508,705 366,044 914,323 635,701
Non-operating expense (income):        
Interest expense 213 465 286 972
Interest income (471) (196) (600) (482)
Other expense, net 750 1,387 1,355 1,515
Total non-operating expense 492 1,656 1,041 2,005
Income before income taxes 508,213 364,388 913,282 633,696
Provision for income taxes 132,135 94,812 237,453 164,761
Net income $ 376,078 $ 269,576 $ 675,829 $ 468,935
Earnings per share:        
Basic $ 3.33 $ 2.33 $ 5.94 $ 4.04
Diluted $ 3.30 $ 2.31 $ 5.90 $ 4.01
Weighted average shares outstanding:        
Basic 113,079,035 115,820,522 113,744,878 116,157,336
Diluted 113,805,149 116,561,242 114,484,894 116,906,572
Dividends declared per share $ 0.30 $ 0.20 $ 0.60 $ 0.40

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