XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenue from operations $ 1,515,277 $ 1,603,690 $ 4,370,602 $ 4,768,418
Operating expenses:        
Salaries, wages and benefits 663,810 675,084 1,958,726 2,060,983
Operating supplies and expenses 180,653 217,260 538,410 645,329
General supplies and expenses 41,745 45,951 119,896 120,580
Operating taxes and licenses 36,527 35,753 110,118 105,781
Insurance and claims 16,004 17,491 47,413 50,562
Communications and utilities 10,724 10,288 33,256 30,062
Depreciation and amortization 84,055 68,347 239,786 203,997
Purchased transportation 30,835 34,453 90,046 129,634
Miscellaneous expenses, net 5,905 2,983 13,289 11,087
Total operating expenses 1,070,258 1,107,610 3,150,940 3,358,015
Operating income 445,019 496,080 1,219,662 1,410,403
Non-operating (income) expense:        
Interest expense 90 997 379 1,283
Interest income (2,308) (1,333) (7,487) (1,933)
Other expense, net 861 351 4,319 1,706
Total non-operating (income) expense (1,357) 15 (2,789) 1,056
Income before income taxes 446,376 496,065 1,222,451 1,409,347
Provision for income taxes 107,089 118,664 305,764 356,117
Net income $ 339,287 $ 377,401 $ 916,687 $ 1,053,230
Earnings per share:        
Basic $ 3.11 $ 3.38 $ 8.37 $ 9.32
Diluted $ 3.09 $ 3.36 $ 8.32 $ 9.26
Weighted average shares outstanding:        
Basic 109,193 111,569 109,554 113,012
Diluted 109,835 112,295 110,234 113,747
Dividends declared per share $ 0.4 $ 0.3 $ 1.2 $ 0.9