XML 31 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Earnings (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues:    
Airfreight services $ 707,444expd_AirfreightRevenue $ 647,138expd_AirfreightRevenue
Ocean freight and ocean services 565,717expd_OceanFreightAndOceanServicesRevenue 469,224expd_OceanFreightAndOceanServicesRevenue
Customs brokerage and other services 404,365expd_CustomsBrokerageAndOtherServicesRevenue 375,283expd_CustomsBrokerageAndOtherServicesRevenue
Total revenues 1,677,526us-gaap_Revenues 1,491,645us-gaap_Revenues
Operating Expenses:    
Airfreight services 513,001expd_CostOfAirfreightConsolidation 482,882expd_CostOfAirfreightConsolidation
Ocean freight and ocean services 445,456expd_CostOfOceanFreightConsolidation 367,375expd_CostOfOceanFreightConsolidation
Customs brokerage and other services 189,583expd_CostOfCustomsBrokerageAndOtherServices 176,802expd_CostOfCustomsBrokerageAndOtherServices
Salaries and related costs 278,878us-gaap_LaborAndRelatedExpense 255,942us-gaap_LaborAndRelatedExpense
Rent and occupancy costs 25,388us-gaap_OccupancyNet 25,162us-gaap_OccupancyNet
Depreciation and amortization 11,529us-gaap_DepreciationDepletionAndAmortization 12,382us-gaap_DepreciationDepletionAndAmortization
Selling and promotion 9,247us-gaap_SellingAndMarketingExpense 8,173us-gaap_SellingAndMarketingExpense
Other 35,561us-gaap_OtherCostAndExpenseOperating 27,724us-gaap_OtherCostAndExpenseOperating
Total operating expenses 1,508,643us-gaap_CostsAndExpenses 1,356,442us-gaap_CostsAndExpenses
Operating income 168,883us-gaap_OperatingIncomeLoss 135,203us-gaap_OperatingIncomeLoss
Other Income (Expense):    
Interest income 2,732us-gaap_InvestmentIncomeInterest 2,697us-gaap_InvestmentIncomeInterest
Other, net 34us-gaap_OtherNonoperatingIncomeExpense (281)us-gaap_OtherNonoperatingIncomeExpense
Other income, net 2,766us-gaap_NonoperatingIncomeExpense 2,416us-gaap_NonoperatingIncomeExpense
Earnings before income taxes 171,649us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 137,619us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 64,317us-gaap_IncomeTaxExpenseBenefit 53,424us-gaap_IncomeTaxExpenseBenefit
Net earnings 107,332us-gaap_ProfitLoss 84,195us-gaap_ProfitLoss
Less net earnings attributable to the noncontrolling interest 628us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 371us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net earnings attributable to shareholders $ 106,704us-gaap_NetIncomeLoss $ 83,824us-gaap_NetIncomeLoss
Diluted earnings attributable to shareholders per share $ 0.55us-gaap_EarningsPerShareDiluted $ 0.42us-gaap_EarningsPerShareDiluted
Basic earnings attributable to shareholders per share $ 0.56us-gaap_EarningsPerShareBasic $ 0.42us-gaap_EarningsPerShareBasic
Weighted average diluted shares outstanding 192,707,093us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 201,843,858us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average basic shares outstanding 191,627,750us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 201,118,390us-gaap_WeightedAverageNumberOfSharesOutstandingBasic