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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES $ 576,927 $ 501,002 $ 1,636,468 $ 1,484,993
OPERATING EXPENSES:        
Labor and benefits 167,929 156,235 496,128 475,297
Equipment rents 33,291 36,778 100,399 113,634
Purchased services 68,562 50,991 176,358 149,125
Depreciation and amortization 64,222 50,841 186,509 151,095
Diesel fuel used in train operations 34,535 30,134 105,718 83,851
Electricity used in train operations 765 3,226 6,072 9,895
Casualties and insurance 10,624 9,252 33,346 28,814
Materials 30,664 19,678 77,861 62,662
Trackage rights 22,632 22,781 66,652 64,509
Net (gain)/loss on sale and impairment of assets (315) (524) (1,096) 11,993
Restructuring costs 2,628 223 8,744 6,320
Other expenses 29,901 29,536 89,494 91,757
Total operating expenses 465,438 409,151 1,346,185 1,248,952
OPERATING INCOME 111,489 91,851 290,283 236,041
Interest income 463 416 1,271 827
Interest expense (28,281) (17,333) (80,431) (53,049)
Other income/(loss), net 221 1,494 (289) 2,947
Income before income taxes 83,892 76,428 210,834 186,766
Provision for income taxes (30,507) (19,643) (82,032) (54,563)
Net income 53,385 56,785 128,802 132,203
Net income attributable to noncontrolling interest 3,145 0 6,317 0
Net income attributable to Genesee & Wyoming Inc. $ 50,240 $ 56,785 $ 122,485 $ 132,203
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 0.82 $ 0.99 $ 1.99 $ 2.31
Weighted average shares - Basic 61,629 57,266 61,518 57,160
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 0.80 $ 0.98 $ 1.96 $ 2.28
Weighted average shares - Diluted 62,477 58,180 62,399 58,083