v3.22.1
Condensed Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenue from operations $ 1,497,280 $ 1,126,515
Operating expenses:    
Salaries, wages and benefits 680,189 545,659
Operating supplies and expenses 191,357 124,156
General supplies and expenses 35,513 31,168
Operating taxes and licenses 35,076 31,266
Insurance and claims 16,107 12,922
Communications and utilities 9,876 8,196
Depreciation and amortization 67,340 63,987
Purchased transportation 52,500 34,714
Miscellaneous expenses, net 3,704 4,790
Total operating expenses 1,091,662 856,858
Operating income 405,618 269,657
Non-operating expense (income):    
Interest expense 73 507
Interest income (129) (286)
Other expense, net 605 128
Total non-operating expense 549 349
Income before income taxes 405,069 269,308
Provision for income taxes 105,318 69,949
Net income $ 299,751 $ 199,359
Earnings per share:    
Basic $ 2.62 $ 1.71
Diluted $ 2.60 $ 1.70
Weighted average shares outstanding:    
Basic 114,418,703 116,497,893
Diluted 115,172,776 117,255,740
Dividends declared per share $ 0.30 $ 0.20

Source