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Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
OPERATING REVENUES $ 546,299,000 $ 432,543,000 $ 1,485,548,000 $ 1,223,385,000
OPERATING EXPENSES:        
Labor and benefits 158,675,000 121,152,000 456,089,000 353,179,000
Equipment rents 44,630,000 22,934,000 110,145,000 61,866,000
Purchased services 55,291,000 24,861,000 135,849,000 77,257,000
Depreciation and amortization 48,303,000 40,277,000 138,568,000 116,130,000
Diesel fuel used in train operations 34,264,000 36,089,000 101,856,000 115,403,000
Electricity used in train operations 5,164,000 437,000 10,530,000 909,000
Casualties and insurance 11,466,000 8,702,000 30,027,000 31,071,000
Materials 25,140,000 21,195,000 70,764,000 56,710,000
Trackage rights 21,765,000 14,174,000 57,270,000 40,461,000
Net gain on sale of assets (1,174,000) (1,237,000) (1,981,000) (3,444,000)
Other expenses 25,216,000 20,843,000 86,801,000 65,743,000
Total operating expenses 428,740,000 309,427,000 1,195,918,000 915,285,000
INCOME FROM OPERATIONS 117,559,000 123,116,000 289,630,000 308,100,000
Interest income 225,000 82,000 375,000 1,357,000
Interest expense (17,464,000) (12,654,000) (48,744,000) (44,109,000)
Loss on settlement of foreign currency forward purchase contracts 0 0 (18,686,000) 0
Other (loss)/income, net (103,000) (949,000) 545,000 446,000
Income before income taxes 100,217,000 109,595,000 223,120,000 265,794,000
Provision for income taxes (36,855,000) (36,945,000) (83,017,000) (92,412,000)
Net income $ 63,362,000 $ 72,650,000 $ 140,103,000 $ 173,382,000
Basic earnings per common share $ 1.12 $ 1.31 $ 2.47 $ 3.14
Weighted average shares - Basic 56,819 55,600 56,673 55,167
Diluted earnings per common share $ 1.10 $ 1.27 $ 2.42 $ 3.05
Weighted average shares - Diluted 57,846 57,014 57,833 56,943