Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

Year Ended December 31,
(In thousands, except per share amounts
and operating statistics)20132012201120102009
Operating Data:
Revenue from operations (1)$2,337,648$2,134,579$1,903,800$1,501,848$1,260,088
Depreciation and amortization expense (2)127,072110,74390,82080,36294,784
Total operating expenses (1)1,999,2101,849,3251,669,7281,364,1091,189,697
Operating income338,438285,254234,072137,73970,391
Interest expense, net (3)9,47311,42813,88712,46512,998
Provision for income taxes122,573103,64680,61448,77522,294
Net income206,113169,452139,47075,65134,871
Per Share Data:
Diluted earnings per share (4)2.391.971.630.900.42
Balance Sheet Data:
Cash, cash equivalents30,17412,85775,8505,4504,171
Current assets332,979275,028331,852222,582174,175
Total assets1,932,0891,712,5141,513,0741,239,8811,159,278
Current liabilities232,122225,139204,810170,046148,125
Long-term debt (including current maturities)191,429240,407269,185271,217305,532
Shareholders’ equity1,232,0821,025,969856,519668,649593,000
Operating Statistics:
Operating ratio (1)85.5%86.6%87.7%90.8%94.4%
Revenue per hundredweight (1)$15.85$15.53$14.88$13.28$12.85
Revenue per intercity mile (1)$5.24$5.08$4.89$4.44$4.21
Intercity miles (in thousands)446,532420,214389,588338,504299,330
Total tons (in thousands)7,3856,8756,3975,6564,902
Total shipments (in thousands)8,2797,7657,2566,3275,750
Average length of haul (miles)936941952948928
(1)Our prior-period results have been adjusted for an immaterial correction related to how we present the costs of purchased transportation for certain truckload brokerage and international freight forwarding services. For more information on these adjustments, see Note 1 to the Financial Statements included in Item 8, "Financial Statements and Supplementary Data" below.
(2)Our 2010 results reflect a reduction in depreciation and amortization expense of $12.7 million, which was due to a change in estimate resulting from an evaluation of estimated useful lives and salvage values for our equipment. We determined that useful lives should be extended and salvage values should be reduced for certain equipment effective January 1, 2010.
(3)For the purpose of this table, interest expense is presented net of interest income.
(4)Per share data has been restated retroactively for the three-for-two stock splits effected in September 2012 and August 2010.

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