A Dark Vector Cognition product

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 31,20172016201520142013
Operating revenues$7,190$6,555$6,188$6,165$5,585
Operating income624721716632577
Net earnings686432427375342
Basic earnings per share6.243.843.693.202.92
Diluted earnings per share6.183.813.663.162.87
Cash dividends per share0.920.880.840.800.45
Operating expenses as a percentage of operating revenues:
Rents and purchased transportation50.8%49.7%48.4%50.0%50.2%
Salaries, wages and employee benefits22.422.422.520.920.4
Depreciation and amortization5.35.55.54.84.5
Fuel and fuel taxes4.84.35.17.48.2
Operating supplies and expenses3.63.63.63.53.6
General and administrative expenses, net of asset dispositions1.81.31.10.80.8
Insurance and claims1.71.21.21.31.0
Operating taxes and licenses0.60.70.70.70.7
Communication and utilities0.30.30.30.40.3
Total operating expenses91.389.088.489.889.7
Operating income8.711.011.610.210.3
Net interest expense0.40.40.40.40.4
Earnings before income taxes8.310.611.29.89.9
Income taxes(1.2)4.04.33.73.8
Net earnings9.5%6.6%6.9%6.1%6.1%
Balance sheet data as of December 31,20172016201520142013
Working capital ratio1.521.651.611.110.96
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 equity0.590.700.770.770.70
Total debt as a percentage of total capital37%41%43%44%41%

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