XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Lease & related maintenance and rental revenues $ 1,024,985 $ 940,422
Total revenues 2,853,862 2,221,622
Other operating expenses 38,794 33,900
Selling, general and administrative expenses 303,215 241,742
Non-operating pension costs, net 2,787 (9)
Used vehicle sales, net (112,994) (28,851)
Interest expense 52,364 54,706
Miscellaneous (income) loss, net 374 (5,434)
Restructuring and other items, net 14,254 10,659
Total expenses 2,601,991 2,151,355
Earnings from continuing operations before income taxes 251,871 70,267
Provision for income taxes 76,049 18,683
Earnings from continuing operations 175,822 51,584
Loss from discontinued operations, net of tax (235) (759)
Net earnings $ 175,587 $ 50,825
Earnings (loss) per common share — Basic    
Continuing operations (in dollars per share) $ 3.42 $ 0.98
Discontinued operations (in dollars per share) 0 (0.01)
Net earnings (in dollars per share) 3.42 0.97
Earnings (loss) per common share — Diluted    
Continuing operations (in dollars per share) 3.35 0.97
Discontinued operations (in dollars per share) 0 (0.01)
Net earnings (in dollars per share) $ 3.35 $ 0.95
Services revenue    
Revenue $ 1,669,538 $ 1,165,488
Cost of services sold 1,446,709 999,792
Fuel services revenue    
Revenue 159,339 115,712
Cost of services sold 157,647 114,706
Cost of lease & related maintenance and rental    
Cost of services sold $ 698,841 $ 730,144