XML 20 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues $ 12,829,665 $ 14,813,999 $ 12,168,302
Operating expenses:      
Rents and purchased transportation 5,872,591 7,392,179 6,449,068
Salaries, wages and employee benefits 3,257,484 3,373,063 2,761,680
Fuel and fuel taxes 751,497 931,710 530,642
Depreciation and amortization 737,954 644,520 557,093
Operating supplies and expenses 509,354 502,553 369,294
Insurance and claims 315,678 318,123 165,052
General and administrative expenses, net of asset dispositions 274,564 215,361 195,616
Operating taxes and licenses 74,996 68,230 59,462
Communication and utilities 42,351 36,707 34,865
Total operating expenses 11,836,469 13,482,446 11,122,772
Operating income 993,196 1,331,553 1,045,530
Interest income 7,624 1,069 493
Interest expense 65,933 51,249 46,251
Earnings before income taxes 934,887 1,281,373 999,772
Income taxes 206,600 312,022 238,966
Net earnings $ 728,287 $ 969,351 $ 760,806
Weighted average basic shares outstanding (in shares) 103,440 104,141 105,359
Basic earnings per share (in dollars per share) $ 7.04 $ 9.31 $ 7.22
Weighted average diluted shares outstanding (in shares) 104,451 105,276 106,593
Diluted earnings per share (in dollars per share) $ 6.97 $ 9.21 $ 7.14
Service Excluding Fuel Surcharge [Member]      
Operating revenues $ 10,978,387 $ 12,381,359 $ 10,915,442
Fuel Surcharge [Member]      
Operating revenues $ 1,851,278 $ 2,432,640 $ 1,252,860