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Quarterly Results (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information Table

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues1

 

$

2,020,051

 

 

 

2,035,579

 

 

 

2,074,855

 

 

 

2,044,941

 

 

Operating income1

 

 

187,601

 

 

 

192,201

 

 

 

206,550

 

 

 

180,340

 

 

Net earnings

 

 

140,111

 

 

 

153,530

 

 

 

160,627

 

 

 

137,748

 

 

Net earnings attributable to shareholders

 

 

139,699

 

 

 

153,149

 

 

 

160,221

 

 

 

137,326

 

 

Diluted earnings attributable to shareholders per share

 

 

0.80

 

 

 

0.88

 

 

 

0.92

 

 

 

0.79

 

 

Basic earnings attributable to shareholders per share

 

 

0.81

 

 

 

0.90

 

 

 

0.94

 

 

 

0.81

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues1

 

$

1,854,262

 

 

 

1,957,559

 

 

 

2,090,947

 

 

 

2,235,597

 

 

Operating income1

 

 

192,818

 

 

 

183,584

 

 

 

203,154

 

 

 

217,007

 

 

Net earnings

 

 

136,200

 

 

 

140,946

 

 

 

163,067

 

 

 

179,577

 

 

Net earnings attributable to shareholders

 

 

135,692

 

 

 

140,605

 

 

 

162,692

 

 

 

179,210

 

 

Diluted earnings attributable to shareholders per share

 

 

0.76

 

 

 

0.79

 

 

 

0.92

 

 

 

1.02

 

 

Basic earnings attributable to shareholders per share

 

 

0.77

 

 

 

0.80

 

 

 

0.94

 

 

 

1.04

 

 

The sum of quarterly per share data may not equal the per share total reported for the year.

 

 

1

The fourth quarter of 2019 was significantly impacted by declines in results in our China operations due to the slowing of trade to and from China, which impacted overall freight movement around the globe. The Company’s consolidated financial results are expected to be further impacted in 2020 due to the significance of its China operations and the effects of the recent outbreak of the Novel Coronavirus (COVID-19). See Note 12 for further detail. In the fourth quarter 2019 and 2018, the People's Republic of China, including Hong Kong, represented 25% and 31%, respectively, of the Company’s total revenues and 25% and 27%, respectively, of the Company’s total operating income.