XML 20 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues $ 14,813,999 $ 12,168,302 $ 9,636,573
Operating expenses:      
Rents and purchased transportation 7,392,179 6,449,068 4,954,123
Salaries, wages and employee benefits 3,373,063 2,761,680 2,347,716
Fuel and fuel taxes 931,710 530,642 357,483
Depreciation and amortization 644,520 557,093 527,375
Operating supplies and expenses 502,553 369,294 334,350
Insurance and claims 318,123 165,052 134,482
General and administrative expenses, net of asset dispositions 215,361 195,616 180,083
Operating taxes and licenses 68,230 59,462 54,331
Communication and utilities 36,707 34,865 33,511
Total operating expenses 13,482,446 11,122,772 8,923,454
Operating income 1,331,553 1,045,530 713,119
Interest income 1,069 493 486
Interest expense 51,249 46,251 47,580
Earnings before income taxes 1,281,373 999,772 666,025
Income taxes 312,022 238,966 159,990
Net earnings $ 969,351 $ 760,806 $ 506,035
Weighted average basic shares outstanding (in shares) 104,141 105,359 105,700
Basic earnings per share (in dollars per share) $ 9.31 $ 7.22 $ 4.79
Weighted average diluted shares outstanding (in shares) 105,276 106,593 106,766
Diluted earnings per share (in dollars per share) $ 9.21 $ 7.14 $ 4.74
Service Excluding Fuel Surcharge [Member]      
Operating revenues $ 12,381,359 $ 10,915,442 $ 8,879,653
Fuel Surcharge [Member]      
Operating revenues $ 2,432,640 $ 1,252,860 $ 756,920