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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 4,603,312 $ 3,609,093 $ 9,267,610 $ 6,807,913
Operating Expenses:        
Directly related cost of transportation and other expenses [1] 3,440,948 2,598,633 6,957,059 4,845,917
Salaries and related 508,222 481,186 1,047,162 933,291
Rent and occupancy 51,598 45,366 102,526 90,646
Depreciation and amortization 14,254 12,675 27,229 25,662
Selling and promotion 5,887 3,172 9,935 6,242
Other 76,421 57,416 155,957 109,995
Total operating expenses 4,097,330 3,198,448 8,299,868 6,011,753
Operating income 505,982 410,645 967,742 796,160
Other Income (Expense):        
Interest income 2,720 2,188 4,612 4,134
Other, net 106 2,649 7,633 5,649
Other income, net 2,826 4,837 12,245 9,783
Earnings before income taxes 508,808 415,482 979,987 805,943
Income tax expense 126,582 98,508 248,281 201,019
Net earnings 382,226 316,974 731,706 604,924
Less net earnings attributable to the noncontrolling interest 4,421 602 7,792 1,332
Net earnings attributable to shareholders $ 377,805 $ 316,372 $ 723,914 $ 603,592
Diluted earnings attributable to shareholders per share $ 2.27 $ 1.84 $ 4.31 $ 3.52
Basic earnings attributable to shareholders per share $ 2.29 $ 1.87 $ 4.35 $ 3.57
Weighted average diluted shares outstanding 166,474 171,677 167,980 171,660
Weighted average basic shares outstanding 165,092 169,210 166,423 169,140
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,602,566 $ 1,523,569 $ 3,201,121 $ 2,849,484
Operating Expenses:        
Directly related cost of transportation and other expenses 1,212,503 1,136,328 2,355,049 2,090,872
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,759,646 1,098,550 3,735,892 2,052,462
Operating Expenses:        
Directly related cost of transportation and other expenses 1,402,365 862,251 3,002,608 1,604,686
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,241,100 986,974 2,330,597 1,905,967
Operating Expenses:        
Directly related cost of transportation and other expenses $ 826,080 $ 600,054 $ 1,599,402 $ 1,150,359
[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 condensed consolidated statements of earnings.