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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 4,421,856 $ 6,798,475 $ 9,033,526 $ 13,614,428
Costs and expenses:        
Personnel expenses 377,277 444,764 760,383 858,125
Other selling, general, and administrative expenses 155,596 117,184 297,097 264,545
Total costs and expenses 4,289,233 6,328,810 8,739,870 12,799,289
Income from operations 132,623 469,665 293,656 815,139
Interest and other income/expense, net (18,259) (27,395) (46,524) (41,569)
Income before provision for income taxes 114,364 442,270 247,132 773,570
Provision for income taxes 17,048 94,085 34,925 155,037
Net income 97,316 348,185 212,207 618,533
Other comprehensive loss (6,536) (33,596) (4,059) (26,726)
Comprehensive income $ 90,780 $ 314,589 $ 208,148 $ 591,807
Basic net income per share (in dollars per share) $ 0.82 $ 2.71 $ 1.79 $ 4.78
Diluted net income per share (in dollars per share) $ 0.81 $ 2.67 $ 1.77 $ 4.71
Basic weighted average shares outstanding (shares) 118,500 128,405 118,567 129,447
Dilutive effect of outstanding stock awards (shares) 1,307 1,933 1,253 1,771
Diluted weighted average shares outstanding (shares) 119,807 130,338 119,820 131,218
Transportation        
Revenues:        
Total revenues $ 4,084,827 $ 6,465,642 $ 8,412,792 $ 12,993,993
Costs and expenses:        
Purchased products and services 3,453,560 5,466,874 7,124,591 11,117,098
Sourcing        
Revenues:        
Total revenues 337,029 332,833 620,734 620,435
Costs and expenses:        
Purchased products and services $ 302,800 $ 299,988 $ 557,799 $ 559,521