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Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 4,362,146 $ 4,319,261 $ 13,629,756 $ 11,127,174
Operating Expenses:        
Directly related cost of transportation and other expenses [1] 3,194,273 3,185,490 10,151,332 8,031,407
Salaries and related 499,341 519,611 1,546,503 1,452,902
Rent and occupancy 52,715 46,730 155,241 137,376
Depreciation and amortization 15,187 12,753 42,416 38,415
Selling and promotion 6,239 4,237 16,174 10,479
Other 67,468 60,803 223,425 170,798
Total operating expenses 3,835,223 3,829,624 12,135,091 9,841,377
Operating income 526,923 489,637 1,494,665 1,285,797
Other Income (Expense):        
Interest income 7,835 2,462 12,447 6,596
Other, net 98 733 7,731 6,382
Other income, net 7,933 3,195 20,178 12,978
Earnings before income taxes 534,856 492,832 1,514,843 1,298,775
Income tax expense 120,694 132,922 368,975 333,941
Net earnings 414,162 359,910 1,145,868 964,834
Less net (losses) earnings attributable to the noncontrolling interest (47) 842 7,745 2,174
Net earnings attributable to shareholders $ 414,209 $ 359,068 $ 1,138,123 $ 962,660
Diluted earnings attributable to shareholders per share $ 2.54 $ 2.09 $ 6.84 $ 5.61
Basic earnings attributable to shareholders per share $ 2.56 $ 2.12 $ 6.90 $ 5.68
Weighted average diluted shares outstanding 163,250 171,565 166,398 171,549
Weighted average basic shares outstanding 162,029 169,633 164,944 169,398
Airfreight services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,480,955 $ 1,628,115 $ 4,682,076 $ 4,477,599
Operating Expenses:        
Directly related cost of transportation and other expenses 1,104,812 1,244,381 3,459,861 3,335,253
Ocean freight and ocean services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,684,579 1,598,597 5,420,471 3,651,059
Operating Expenses:        
Directly related cost of transportation and other expenses 1,343,355 1,254,334 4,345,963 2,859,020
Customs brokerage and other services        
Revenues:        
Revenue from Contract with Customer, Excluding Assessed Tax 1,196,612 1,092,549 3,527,209 2,998,516
Operating Expenses:        
Directly related cost of transportation and other expenses $ 746,106 $ 686,775 $ 2,345,508 $ 1,837,134
[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.