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Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 17,071,284 $ 16,523,517 $ 9,584,393
Operating Expenses:      
Directly related cost of transportation and other expenses [1] 12,576,897 12,058,155 6,656,702
Salaries and related costs 2,056,387 2,062,351 1,538,104
Rent and occupancy costs 209,532 186,287 169,863
Depreciation and amortization 57,338 51,312 56,959
Selling and promotion 24,293 16,026 18,436
Other 322,466 240,060 203,892
Total operating expenses 15,246,913 14,614,191 8,643,956
Operating income 1,824,371 1,909,326 940,437
Other Income (Expense):      
Interest income 25,554 8,807 10,415
Interest expense (23,277) (411) (219)
Other, net 9,243 6,894 5,931
Other income, net 11,520 15,290 16,127
Earnings before income taxes 1,835,891 1,924,616 956,564
Income tax expense 475,286 505,771 258,350
Net earnings 1,360,605 1,418,845 698,214
Less net earnings attributable to the noncontrolling interest 3,206 3,353 2,074
Net earnings attributable to shareholders $ 1,357,399 $ 1,415,492 $ 696,140
Diluted earnings attributable to shareholders per share $ 8.26 $ 8.27 $ 4.07
Basic earnings attributable to shareholders per share $ 8.33 $ 8.37 $ 4.14
Weighted average diluted shares outstanding 164,427 171,250 170,896
Weighted average basic shares outstanding 163,010 169,145 168,333
Airfreight services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax $ 5,886,886 $ 6,771,402 $ 4,274,026
Operating Expenses:      
Directly related cost of transportation and other expenses 4,359,726 5,067,380 3,168,808
Ocean freight and ocean services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax 6,544,559 5,545,818 2,342,344
Operating Expenses:      
Directly related cost of transportation and other expenses 5,188,066 4,364,160 1,751,850
Customs brokerage and other services      
Revenues:      
Revenue from Contract with Customer, Excluding Assessed Tax 4,639,839 4,206,297 2,968,023
Operating Expenses:      
Directly related cost of transportation and other expenses $ 3,029,105 $ 2,626,615 $ 1,736,044
[1] Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the consolidated statements of earnings.