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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 6,798,475 $ 5,532,726 $ 13,614,428 $ 10,336,595
Costs and expenses:        
Personnel expenses 444,764 362,901 858,125 723,736
Other selling, general, and administrative expenses 117,184 125,671 264,545 243,887
Total costs and expenses 6,328,810 5,272,122 12,799,289 9,852,662
Income from operations 469,665 260,604 815,139 483,933
Interest and other income/expense, net (27,395) (13,497) (41,569) (24,757)
Income before provision for income taxes 442,270 247,107 773,570 459,176
Provision for income taxes 94,085 53,318 155,037 92,082
Net income 348,185 193,789 618,533 367,094
Other comprehensive loss, net of tax (33,596) (162) (26,726) (7,448)
Comprehensive income $ 314,589 $ 193,627 $ 591,807 $ 359,646
Basic net income per share (in dollars per share) $ 2.71 $ 1.45 $ 4.78 $ 2.74
Diluted net income per share (in dollars per share) $ 2.67 $ 1.44 $ 4.71 $ 2.71
Basic weighted average shares outstanding (shares) 128,405 133,275 129,447 133,888
Dilutive effect of outstanding stock awards (shares) 1,933 1,581 1,771 1,388
Diluted weighted average shares outstanding (shares) 130,338 134,856 131,218 135,276
Transportation        
Revenues:        
Total revenues $ 6,465,642 $ 5,240,448 $ 12,993,993 $ 9,800,675
Costs and expenses:        
Purchased products and services 5,466,874 4,519,305 11,117,098 8,400,590
Sourcing        
Revenues:        
Total revenues 332,833 292,278 620,435 535,920
Costs and expenses:        
Purchased products and services $ 299,988 $ 264,245 $ 559,521 $ 484,449