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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
OPERATING REVENUES $ 603,304 $ 576,927 $ 1,772,955 $ 1,636,468
OPERATING EXPENSES:        
Labor and benefits 175,853 169,576 539,407 500,936
Equipment rents 35,325 33,291 104,214 100,399
Purchased services 53,717 68,562 178,864 176,358
Depreciation and amortization 65,392 64,222 197,127 186,509
Diesel fuel used in train operations 45,713 34,535 137,487 105,718
Electricity used in train operations 2,742 765 7,020 6,072
Casualties and insurance 9,912 10,624 32,862 33,346
Materials 32,744 30,664 97,589 77,861
Trackage rights 22,838 22,632 67,119 66,652
Net gain on sale and impairment of assets (642) (315) (2,501) (1,096)
Restructuring costs 3,286 2,628 12,931 8,744
Other expenses, net 28,604 29,901 82,978 89,494
Total operating expenses 475,484 467,085 1,455,097 1,350,993
OPERATING INCOME 127,820 109,842 317,858 285,475
Interest income 417 463 1,499 1,271
Interest expense (26,429) (28,281) (80,605) (80,431)
Other income/(loss), net 1,515 1,868 (237) 4,519
Income before income taxes 103,323 83,892 238,515 210,834
Provision for income taxes (31,013) (30,507) (41,569) (82,032)
Net income 72,310 53,385 196,946 128,802
Net income attributable to noncontrolling interest 2,720 3,145 8,090 6,317
Net income attributable to Genesee & Wyoming Inc. $ 69,590 $ 50,240 $ 188,856 $ 122,485
Basic earnings per common share attributable to Genesee & Wyoming Inc. common stockholders: $ 1.18 $ 0.82 $ 3.13 $ 1.99
Weighted average shares - Basic 59,168 61,629 60,343 61,518
Diluted earnings per common share attributable to Genesee & Wyoming Inc. common stockholders $ 1.16 $ 0.80 $ 3.08 $ 1.96
Weighted average shares - Diluted 60,131 62,477 61,255 62,399