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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 4,341,030 $ 6,015,376 $ 13,374,556 $ 19,629,804
Costs and expenses:        
Personnel expenses 343,532 437,545 1,103,915 1,295,670
Other selling, general, and administrative expenses 177,795 162,040 474,892 426,585
Total costs and expenses 4,227,508 5,727,767 12,967,378 18,527,056
Income from operations 113,522 287,609 407,178 1,102,748
Interest and other income/expense, net (20,748) (15,972) (67,272) (57,541)
Income before provision for income taxes 92,774 271,637 339,906 1,045,207
Provision for income taxes 10,825 45,839 45,750 200,876
Net income 81,949 225,798 294,156 844,331
Other comprehensive loss (14,891) (49,790) (18,950) (76,516)
Comprehensive income $ 67,058 $ 176,008 $ 275,206 $ 767,815
Basic net income per share (in dollars per share) $ 0.69 $ 1.81 $ 2.48 $ 6.60
Diluted net income per share (in dollars per share) $ 0.68 $ 1.78 $ 2.46 $ 6.50
Basic weighted average shares outstanding (shares) 118,464 124,980 118,532 127,944
Dilutive effect of outstanding stock awards (shares) 1,287 2,210 1,230 1,895
Diluted weighted average shares outstanding (shares) 119,751 127,190 119,762 129,839
Transportation        
Revenues:        
Total revenues $ 4,029,407 $ 5,724,364 $ 12,442,199 $ 18,718,357
Costs and expenses:        
Purchased products and services 3,421,960 4,862,541 10,546,551 15,979,639
Sourcing        
Revenues:        
Total revenues 311,623 291,012 932,357 911,447
Costs and expenses:        
Purchased products and services $ 284,221 $ 265,641 $ 842,020 $ 825,162