XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating revenues, excluding fuel surcharge revenues $ 6,435,858 $ 6,007,347 $ 5,516,282
Fuel surcharge revenues 753,710 548,112 671,364
Total operating revenues 7,189,568 6,555,459 6,187,646
Operating expenses:      
Rents and purchased transportation 3,650,806 3,255,692 2,994,586
Salaries, wages and employee benefits 1,608,378 1,469,187 1,394,239
Depreciation and amortization 383,518 361,510 339,613
Fuel and fuel taxes 347,573 283,437 313,034
Operating supplies and expenses 257,239 233,223 220,597
General and administrative expenses, net of asset dispositions 125,878 87,053 72,522
Insurance and claims 123,579 78,410 73,689
Operating taxes and licenses 44,825 45,954 43,084
Communication and utilities 23,983 19,973 20,588
Total operating expenses 6,565,779 5,834,439 5,471,952
Operating income 623,789 721,020 715,694
Interest income 235 71 86
Interest expense 28,785 25,294 25,577
Earnings before income taxes 595,239 695,797 690,203
Income taxes (91,024) 263,707 262,968
Net earnings $ 686,263 $ 432,090 $ 427,235
Weighted average basic shares outstanding (in shares) 109,987 112,474 115,677
Basic earnings per share (in dollars per share) $ 6.24 $ 3.84 $ 3.69
Weighted average diluted shares outstanding (in shares) 111,049 113,361 116,728
Diluted earnings per share (in dollars per share) $ 6.18 $ 3.81 $ 3.66
Dividends declared per common share (in dollars per share) $ 0.92 $ 0.88 $ 0.84