Item 6. SELECTED FINANCIAL DATA
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Item 6. SELECTED FINANCIAL DATA
(Dollars in millions, except per share amounts)
| Earnings data for the years ended December 31, | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating revenues | $ | 7,190 | $ | 6,555 | $ | 6,188 | $ | 6,165 | $ | 5,585 | ||||||||||
| Operating income | 624 | 721 | 716 | 632 | 577 | |||||||||||||||
| Net earnings | 686 | 432 | 427 | 375 | 342 | |||||||||||||||
| Basic earnings per share | 6.24 | 3.84 | 3.69 | 3.20 | 2.92 | |||||||||||||||
| Diluted earnings per share | 6.18 | 3.81 | 3.66 | 3.16 | 2.87 | |||||||||||||||
| Cash dividends per share | 0.92 | 0.88 | 0.84 | 0.80 | 0.45 | |||||||||||||||
| Operating expenses as a percentage of operating revenues: | ||||||||||||||||||||
| Rents and purchased transportation | 50.8 | % | 49.7 | % | 48.4 | % | 50.0 | % | 50.2 | % | ||||||||||
| Salaries, wages and employee benefits | 22.4 | 22.4 | 22.5 | 20.9 | 20.4 | |||||||||||||||
| Depreciation and amortization | 5.3 | 5.5 | 5.5 | 4.8 | 4.5 | |||||||||||||||
| Fuel and fuel taxes | 4.8 | 4.3 | 5.1 | 7.4 | 8.2 | |||||||||||||||
| Operating supplies and expenses | 3.6 | 3.6 | 3.6 | 3.5 | 3.6 | |||||||||||||||
| General and administrative expenses, net of asset dispositions | 1.8 | 1.3 | 1.1 | 0.8 | 0.8 | |||||||||||||||
| Insurance and claims | 1.7 | 1.2 | 1.2 | 1.3 | 1.0 | |||||||||||||||
| Operating taxes and licenses | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | |||||||||||||||
| Communication and utilities | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | |||||||||||||||
| Total operating expenses | 91.3 | 89.0 | 88.4 | 89.8 | 89.7 | |||||||||||||||
| Operating income | 8.7 | 11.0 | 11.6 | 10.2 | 10.3 | |||||||||||||||
| Net interest expense | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |||||||||||||||
| Earnings before income taxes | 8.3 | 10.6 | 11.2 | 9.8 | 9.9 | |||||||||||||||
| Income taxes | (1.2 | ) | 4.0 | 4.3 | 3.7 | 3.8 | ||||||||||||||
| Net earnings | 9.5 | % | 6.6 | % | 6.9 | % | 6.1 | % | 6.1 | % |
| Balance sheet data as of December 31, | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working capital ratio | 1.52 | 1.65 | 1.61 | 1.11 | 0.96 | |||||||||||||||
| Total assets (millions) | $ | 4,465 | $ | 3,951 | $ | 3,630 | $ | 3,374 | $ | 2,818 | ||||||||||
| Stockholders’ equity (millions) | $ | 1,839 | $ | 1,414 | $ | 1,300 | $ | 1,205 | $ | 1,012 | ||||||||||
| Current portion of long-term debt (millions) | - | - | - | $ | 250 | $ | 250 | |||||||||||||
| Total debt (millions) | $ | 1,086 | $ | 986 | $ | 998 | $ | 929 | $ | 707 | ||||||||||
| Total debt to equity | 0.59 | 0.70 | 0.77 | 0.77 | 0.70 | |||||||||||||||
| Total debt as a percentage of total capital | 37 | % | 41 | % | 43 | % | 44 | % | 41 | % |
Previous: Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES · Next: Item 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
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