A Dark Vector Cognition product

Item 6. SELECTED FINANCIAL DATA

4K characters. Original on sec.gov · Markdown

Item 6. SELECTED FINANCIAL DATA

Year Ended December 31,
(In thousands, except per share amounts
and operating statistics)20122011201020092008
Operating Data:
Revenue from operations$2,110,483$1,882,541$1,480,998$1,245,005$1,537,724
Depreciation and amortization expense (1)110,74390,82080,36294,78487,083
Total operating expenses1,825,2291,648,4691,343,2591,174,6141,408,654
Operating income285,254234,072137,73970,391129,070
Interest expense, net (2)11,42813,88712,46512,99813,012
Provision for income taxes103,64680,61448,77522,29443,989
Net income169,452139,47075,65134,87168,677
Per Share Data:
Diluted earnings per share (3)1.971.630.900.420.82
Balance Sheet Data:
Cash, cash equivalents and short-term investments12,85775,8505,4504,17128,965
Current assets275,028331,852222,582174,175209,230
Total assets1,712,5141,513,0741,239,8811,159,2781,074,905
Current liabilities225,139204,810170,046148,125142,190
Long-term debt (including current maturities)240,407269,185271,217305,532251,989
Shareholders’ equity1,025,969856,519668,649593,000558,129
Operating Statistics:
Operating ratio86.5%87.6%90.7%94.3%91.6%
Revenue per hundredweight$15.35$14.72$13.09$12.70$13.88
Revenue per intercity mile$5.02$4.83$4.38$4.16$4.60
Intercity miles (in thousands)420,214389,588338,504299,330334,219
Total tons (in thousands)6,8756,3975,6564,9025,545
Total shipments (in thousands)7,7657,2566,3275,7506,691
Average length of haul (miles)941952948928901
(1)Our 2010 results reflect reductions in our depreciation and amortization expenses of approximately $12.7 million, due to changes in the estimated useful lives and salvage values of certain equipment, which are described further under “Critical Accounting Policies” below.
(2)For the purpose of this table, interest expense is presented net of interest income.
(3)Per share data has been restated retroactively for the three-for-two stock splits effected in September 2012 and August 2010.

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