WERNER ENTERPRISES, INC. WERN Income Statement

Werner enterprises, inc. (WERN)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Operating revenues
592,703	621,787	618,264	627,533	596,117	646,365	629,735	619,130	562,684	567,365	528,643	519,508	501,221	518,832	508,676	498,681	482,802	528,783	534,448	534,644	495,654	553,186	551,961	542,120	492,022	517,920	511,728	506,648	492,887	509,694	506,504	521,812	498,376	507,937	509,587	515,897	469,429	463,214	463,262	463,469	425,075	429,273	403,051
Operating expenses:
Salaries, wages and benefits
205,997	200,101	209,586	206,001	202,799	200,549	201,606	196,115	182,794	180,927	170,238	169,543	160,839	156,814	162,862	159,699	156,737	160,766	167,301	160,376	151,465	155,581	149,206	144,506	134,713	139,244	137,834	135,236	133,105	137,039	134,923	138,512	133,848	136,253	132,128	135,265	132,863	130,684	134,255	134,303	128,334	130,885	128,385
Fuel
48,771	59,208	59,518	61,064	56,138	62,795	67,072	65,665	59,032	58,194	50,266	45,129	45,156	43,008	40,638	39,336	32,060	43,587	50,855	57,381	52,760	76,032	86,820	92,131	91,075	91,915	92,890	90,191	96,793	100,353	98,805	99,322	102,937	100,695	103,777	110,502	97,931	85,199	75,986	78,452	73,881	66,001	57,166
Supplies and maintenance
45,721	45,946	46,907	44,371	45,685	46,518	47,136	45,681	45,739	44,049	41,986	40,058	38,232	40,838	41,027	42,417	47,115	45,786	50,283	46,388	47,657	48,169	48,527	45,887	45,854	45,572	46,538	43,934	43,128	41,338	44,589	44,741	41,837	40,778	44,334	43,085	41,189	38,525	40,730	39,012	37,676	34,403	33,327
Taxes and licenses
22,850	24,737	24,244	23,643	22,901	23,711	18,463	22,651	22,493	22,673	21,671	21,638	20,786	21,194	21,540	21,826	20,987	23,187	22,616	22,763	21,080	21,905	21,420	21,311	20,832	21,928	21,548	21,586	21,624	22,252	22,251	22,967	22,532	22,545	23,932	23,414	23,026	23,804	23,197	23,560	23,457	23,665	23,962
Insurance and claims
36,064	23,282	21,930	20,992	22,709	24,275	22,011	30,689	21,158	19,591	20,669	19,827	19,840	24,482	19,106	21,931	18,347	20,814	17,372	20,615	22,047	21,200	19,789	19,180	20,206	17,342	16,714	17,320	19,801	16,797	14,469	15,103	19,224	17,329	15,603	16,531	18,060	18,286	15,998	18,869	16,838	20,016	22,591
Depreciation
68,837	64,711	62,620	61,437	60,759	59,712	58,382	56,551	55,506	55,020	53,578	53,705	55,336	56,879	51,781	50,904	50,164	50,144	49,081	48,264	45,720	45,106	44,182	44,573	43,123	45,709	42,612	42,367	42,331	42,879	41,901	41,506	40,671	39,473	40,197	39,246	39,718	39,394	37,092	37,471	38,285	37,708	39,214
Rent and purchased transportation
126,442	135,629	134,797	146,176	132,836	153,777	147,870	151,433	135,922	132,427	126,087	124,634	126,425	133,141	133,876	127,303	117,976	119,918	122,006	124,952	113,748	125,004	133,893	128,239	111,646	117,856	117,651	115,060	106,318	103,979	107,495	108,496	100,510	100,289	100,081	98,605	88,497	84,287	91,795	91,881	84,685	79,948	71,735
Communications and utilities
3,808	3,497	3,892	3,903	4,011	4,035	3,993	3,928	4,107	3,947	4,199	3,887	4,072	3,996	4,206	3,995	3,909	3,820	3,786	3,837	3,678	3,623	3,689	3,409	3,499	3,423	3,754	3,187	3,142	3,200	3,382	3,344	3,819	3,569	3,846	3,843	3,923	3,867	4,013	3,494	3,749	3,841	3,989
Other
3,147	-978	1,413	1,504	260	-3,938	-184	-4,366	818	5,476	4,075	4,174	4,563	3,524	4,566	1,717	3,020	3,500	-1,652	-2,142	-686	3,939	2,745	554	-2,367	-1,158	-396	-4,594	-2,048	-1,267	-3,116	-3,292	-2,404	-2,393	-4,377	-1,361	-3,220	-1,459	51	881	-94	1	672
Total operating expenses
561,637	556,133	564,907	569,091	548,098	571,434	566,349	568,347	527,569	522,304	492,769	482,595	475,249	483,876	479,602	469,128	450,315	471,522	481,648	482,434	457,469	500,559	510,271	499,790	468,581	481,831	479,145	464,287	464,194	466,570	464,699	470,699	462,974	458,538	459,521	469,130	441,987	422,587	423,117	427,923	406,811	396,468	381,041
Operating income
31,066	65,654	53,357	58,442	48,019	74,931	63,386	50,783	35,115	45,061	35,874	36,913	25,972	34,956	29,074	29,553	32,487	57,261	52,800	52,210	38,185	52,627	41,690	42,330	23,441	36,089	32,583	42,361	28,693	43,124	41,805	51,113	35,402	49,399	50,066	46,767	27,442	40,627	40,145	35,546	18,264	32,805	22,010
Other expense (income):
Interest expense
1,591	2,159	2,408	1,429	858	853	870	490	482	351	492	624	776	738	749	596	494	405	511	583	475	511	140	136	94	118	101	91	144	63	18	65	142	42	5	10	28	30	5	3	9	3	3
Interest income
626	678	756	989	903	658	646	693	740	752	766	876	914	1,004	1,055	1,109	990	787	760	697	631	609	614	660	655	640	589	535	505	521	461	433	422	421	337	345	345	412	432	355	337	418	437
Other
-45	-49	-47	-58	116	-204	-41	-78	-53	-35	-88	-152	-53	-43	-46	-57	-45	61	-32	-135	-90	31	-43	45	-4	43	35	82	10	83	-16	82	24	210	-52	-263	-26	38	84	33	11	100	-20
Total other expense (income)
-1,010	-1,530	-1,699	-498	161	-399	-265	125	205	366	186	100	85	223	260	456	451	443	217	-21	66	129	431	569	557	565	523	526	371	541	427	450	304	589	280	72	291	420	511	385	339	515	414
Income before income taxes
30,056	64,124	51,658	57,944	48,180	74,532	63,121	50,908	35,320	45,427	36,060	37,013	26,057	35,179	29,334	30,009	32,938	57,704	53,017	52,189	38,251	52,756	42,121	42,899	23,998	36,654	33,106	42,887	29,064	43,665	42,232	51,563	35,706	49,988	50,346	46,839	27,733	41,047	40,656	35,931	18,603	33,320	22,424
Income taxes
6,998	15,628	12,614	14,626	12,094	19,969	15,607	12,644	7,513	-95,707	13,543	13,794	10,038	13,368	10,414	11,703	12,846	21,056	20,941	20,341	15,109	20,047	16,151	17,267	9,659	14,479	11,847	17,047	11,553	17,684	17,104	20,883	14,461	20,620	20,768	19,321	11,440	16,932	16,498	15,001	7,767	14,328	9,732
Net Income (Loss) Attributable to Parent
23,058	48,496	39,044	43,318	36,086	54,563	47,514	38,264	27,807	141,134	22,517	23,219	16,019	21,811	18,920	18,306	20,092	36,648	32,076	31,848	23,142	32,709	25,970	25,632	14,339	22,175	21,259	25,840	17,511	25,981	25,128	30,680	21,245	29,368	29,578	27,518	16,293	24,115	24,158	20,930	10,836	18,992	12,692
Earnings per share:
Basic
0.33	0.71	0.56	0.62	0.51	0.77	0.67	0.53	0.38	1.96	0.31	0.32	0.22	0.31	0.26	0.25	0.28	0.51	0.45	0.44	0.32	0.45	0.36	0.36	0.20	0.31	0.29	0.35	0.24	0.36	0.34	0.42	0.29	0.40	0.41	0.38	0.22	0.34	0.33	0.29	0.15	0.26	0.18
Diluted
0.33	0.69	0.56	0.62	0.51	0.76	0.66	0.53	0.38	1.95	0.31	0.32	0.22	0.30	0.26	0.25	0.28	0.51	0.44	0.44	0.32	0.45	0.36	0.35	0.20	0.30	0.29	0.35	0.24	0.35	0.34	0.42	0.29	0.40	0.40	0.38	0.22	0.33	0.33	0.29	0.15	0.26	0.18
Dividends declared per share
-	-	-	-	-	-	-	-	-	-	0.07	0.07	0.06	-	0.06	0.06	0.06	-	0.06	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	-	0.05	0.05	0.05	0.05	0.05
Weighted-average common shares outstanding:
Basic
69,253	69,203	69,198	69,593	70,274	70,761	71,436	72,144	72,435	72,364	72,298	72,227	72,191	72,097	72,058	72,048	72,025	71,926	71,890	71,945	72,067	71,884	71,837	72,091	72,676	72,561	72,621	73,022	73,260	73,044	72,879	72,859	72,854	72,839	72,811	72,794	72,704	72,646	72,549	72,280	72,001	71,701	71,579
Diluted
69,609	70,039	69,600	69,893	70,572	71,429	71,752	72,376	72,671	72,692	72,601	72,492	72,447	72,447	72,406	72,366	72,353	72,780	72,478	72,424	72,542	72,822	72,364	72,597	73,169	73,116	73,216	73,598	73,782	73,565	73,445	73,412	73,390	73,292	73,231	73,239	73,138	72,994	72,922	72,767	72,545	72,110	72,010