CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | ||
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Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Revenues: | |||
Total revenues | $ 24,696,625 | $ 23,102,138 | $ 16,207,106 |
Costs and expenses: | |||
Personnel expenses | 1,722,980 | 1,543,610 | 1,242,867 |
Other selling, general, and administrative expenses | 603,415 | 526,371 | 496,122 |
Total costs and expenses | 23,429,843 | 22,020,030 | 15,533,838 |
Income from operations | 1,266,782 | 1,082,108 | 673,268 |
Interest and other expenses | (100,017) | (59,817) | (44,937) |
Income before provision for income taxes | 1,166,765 | 1,022,291 | 628,331 |
Provision for income taxes | 226,241 | 178,046 | 121,910 |
Net income | 940,524 | 844,245 | 506,421 |
Other comprehensive (loss) income | (27,726) | (15,136) | 30,151 |
Comprehensive income | $ 912,798 | $ 829,109 | $ 536,572 |
Basic net income per share (in dollars per share) | $ 7.48 | $ 6.37 | $ 3.74 |
Diluted net income per share (in dollars per share) | $ 7.40 | $ 6.31 | $ 3.72 |
Basic weighted average shares outstanding (in shares) | 125,743 | 132,482 | 135,532 |
Dilutive effect of outstanding stock awards (in shares) | 1,407 | 1,352 | 641 |
Diluted weighted average shares outstanding (in shares) | 127,150 | 133,834 | 136,173 |
Transportation | |||
Revenues: | |||
Total revenues | $ 23,516,384 | $ 22,046,574 | $ 15,147,562 |
Costs and expenses: | |||
Purchased services and products | 20,035,715 | 18,994,574 | 12,834,608 |
Sourcing | |||
Revenues: | |||
Total revenues | 1,180,241 | 1,055,564 | 1,059,544 |
Costs and expenses: | |||
Purchased services and products | $ 1,067,733 | $ 955,475 | $ 960,241 |
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- Definition The aggregate amount of income from investments and other nonoperating income or expense. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of selling, general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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