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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Data (Unaudited)  
Schedule of Quarterly Financial Data (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2018

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

 

Operating revenues

 

$

783,400

    

$

805,515

    

$

829,275

    

$

803,489

   

$

3,221,679

 

Operating income

 

 

88,175

 

 

126,678

 

 

137,925

 

 

121,502

 

 

474,280

 

Net income

 

 

54,362

 

 

75,859

 

 

83,046

 

 

67,105

 

 

280,372

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

1.05

 

 

1.46

 

 

1.60

 

 

1.30

 

 

5.40

 

Diluted

 

 

1.03

 

 

1.43

 

 

1.57

 

 

1.28

 

 

5.30

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

51,921

 

 

52,046

 

 

52,039

 

 

51,650

 

 

51,914

 

Diluted:

 

 

53,033

 

 

52,913

 

 

52,981

 

 

52,556

 

 

52,871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2017

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Year

 

Operating revenues

    

$

747,166

    

$

791,512

    

$

812,673

    

$

771,241

    

$

3,122,592

 

Operating income

 

 

76,295

 

 

106,596

 

 

112,369

 

 

92,939

 

 

388,199

 

Net income (1)

 

 

34,786

 

 

50,477

 

 

53,716

 

 

289,928

 

 

428,907

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.67

 

 

0.98

 

 

1.04

 

 

5.60

 

 

8.28

 

Diluted

 

 

0.65

 

 

0.95

 

 

1.01

 

 

5.46

 

 

8.08

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

51,820

 

 

51,751

 

 

51,833

 

 

51,811

 

 

51,804

 

Diluted:

 

 

53,202

 

 

52,977

 

 

53,080

 

 

53,140

 

 

53,100

 

 

Net income for 2017 included a $246.8 million benefit related to the revaluation of the Company’s deferred tax liability and other tax liabilities in accordance with the Tax Act.