Werner Enterprises Inc
NASDAQ:WERN
Income Statement
Earnings Waterfall
Werner Enterprises Inc
Revenue
|
3.3B
USD
|
Cost of Revenue
|
-601.5m
USD
|
Gross Profit
|
2.7B
USD
|
Operating Expenses
|
-2.5B
USD
|
Operating Income
|
176.4m
USD
|
Other Expenses
|
-64m
USD
|
Net Income
|
112.4m
USD
|
Income Statement
Werner Enterprises Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 029
N/A
|
2 028
0%
|
2 064
+2%
|
2 104
+2%
|
2 139
+2%
|
2 143
+0%
|
2 136
0%
|
2 118
-1%
|
2 094
-1%
|
2 081
-1%
|
2 045
-2%
|
2 019
-1%
|
2 009
0%
|
2 027
+1%
|
2 048
+1%
|
2 068
+1%
|
2 117
+2%
|
2 178
+3%
|
2 278
+5%
|
2 379
+4%
|
2 458
+3%
|
2 491
+1%
|
2 500
+0%
|
2 488
0%
|
2 464
-1%
|
2 460
0%
|
2 402
-2%
|
2 374
-1%
|
2 372
0%
|
2 396
+1%
|
2 477
+3%
|
2 589
+5%
|
2 734
+6%
|
2 883
+5%
|
3 069
+6%
|
3 194
+4%
|
3 290
+3%
|
3 358
+2%
|
3 333
-1%
|
3 323
0%
|
3 283
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(551)
|
(548)
|
(552)
|
(548)
|
(535)
|
(498)
|
(464)
|
(430)
|
(395)
|
(374)
|
(352)
|
(332)
|
(326)
|
(331)
|
(334)
|
(345)
|
(363)
|
(385)
|
(411)
|
(433)
|
(440)
|
(437)
|
(431)
|
(423)
|
(419)
|
(412)
|
(380)
|
(356)
|
(333)
|
(335)
|
(369)
|
(409)
|
(453)
|
(501)
|
(581)
|
(639)
|
(690)
|
(705)
|
(659)
|
(630)
|
(601)
|
|
Gross Profit |
1 478
N/A
|
1 480
+0%
|
1 512
+2%
|
1 556
+3%
|
1 605
+3%
|
1 645
+2%
|
1 672
+2%
|
1 688
+1%
|
1 699
+1%
|
1 707
+0%
|
1 693
-1%
|
1 687
0%
|
1 683
0%
|
1 697
+1%
|
1 714
+1%
|
1 724
+1%
|
1 754
+2%
|
1 794
+2%
|
1 867
+4%
|
1 946
+4%
|
2 018
+4%
|
2 055
+2%
|
2 069
+1%
|
2 065
0%
|
2 045
-1%
|
2 049
+0%
|
2 022
-1%
|
2 018
0%
|
2 039
+1%
|
2 061
+1%
|
2 108
+2%
|
2 180
+3%
|
2 282
+5%
|
2 382
+4%
|
2 488
+4%
|
2 554
+3%
|
2 600
+2%
|
2 654
+2%
|
2 674
+1%
|
2 693
+1%
|
2 682
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 339)
|
(1 346)
|
(1 378)
|
(1 413)
|
(1 445)
|
(1 470)
|
(1 487)
|
(1 493)
|
(1 498)
|
(1 512)
|
(1 521)
|
(1 538)
|
(1 557)
|
(1 577)
|
(1 587)
|
(1 590)
|
(1 610)
|
(1 641)
|
(1 700)
|
(1 752)
|
(1 794)
|
(1 818)
|
(1 824)
|
(1 831)
|
(1 819)
|
(1 840)
|
(1 819)
|
(1 806)
|
(1 812)
|
(1 802)
|
(1 825)
|
(1 887)
|
(1 971)
|
(2 051)
|
(2 160)
|
(2 221)
|
(2 277)
|
(2 361)
|
(2 408)
|
(2 466)
|
(2 506)
|
|
Selling, General & Administrative |
(1 174)
|
(1 181)
|
(1 205)
|
(1 235)
|
(1 263)
|
(1 284)
|
(1 300)
|
(1 305)
|
(1 306)
|
(1 312)
|
(1 314)
|
(1 323)
|
(1 334)
|
(1 348)
|
(1 353)
|
(1 354)
|
(1 374)
|
(1 409)
|
(1 474)
|
(1 525)
|
(1 572)
|
(1 590)
|
(1 586)
|
(1 587)
|
(1 568)
|
(1 578)
|
(1 546)
|
(1 532)
|
(1 535)
|
(1 540)
|
(1 579)
|
(1 650)
|
(1 744)
|
(1 827)
|
(1 938)
|
(2 002)
|
(2 059)
|
(2 132)
|
(2 163)
|
(2 202)
|
(2 219)
|
|
Depreciation & Amortization |
(173)
|
(174)
|
(176)
|
(178)
|
(177)
|
(180)
|
(183)
|
(188)
|
(193)
|
(198)
|
(200)
|
(203)
|
(210)
|
(215)
|
(218)
|
(220)
|
(218)
|
(218)
|
(221)
|
(226)
|
(230)
|
(236)
|
(240)
|
(245)
|
(250)
|
(258)
|
(264)
|
(264)
|
(263)
|
(259)
|
(255)
|
(260)
|
(268)
|
(271)
|
(276)
|
(277)
|
(280)
|
(287)
|
(293)
|
(298)
|
(300)
|
|
Other Operating Expenses |
8
|
9
|
3
|
0
|
(5)
|
(7)
|
(4)
|
1
|
1
|
(3)
|
(7)
|
(13)
|
(13)
|
(14)
|
(17)
|
(16)
|
(18)
|
(15)
|
(6)
|
(2)
|
8
|
8
|
2
|
1
|
(2)
|
(5)
|
(9)
|
(11)
|
(13)
|
(4)
|
10
|
23
|
41
|
49
|
55
|
59
|
63
|
58
|
48
|
33
|
12
|
|
Operating Income |
140
N/A
|
135
-4%
|
134
0%
|
144
+7%
|
160
+12%
|
175
+9%
|
185
+6%
|
196
+6%
|
201
+2%
|
195
-3%
|
172
-12%
|
149
-14%
|
126
-15%
|
120
-5%
|
127
+6%
|
134
+5%
|
144
+7%
|
153
+6%
|
167
+9%
|
194
+16%
|
224
+15%
|
237
+6%
|
245
+3%
|
235
-4%
|
226
-4%
|
209
-7%
|
203
-3%
|
212
+4%
|
227
+7%
|
259
+14%
|
283
+9%
|
293
+4%
|
311
+6%
|
330
+6%
|
328
-1%
|
333
+2%
|
323
-3%
|
293
-9%
|
265
-9%
|
227
-14%
|
176
-22%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
18
|
34
|
37
|
27
|
29
|
12
|
2
|
7
|
(23)
|
(28)
|
(28)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
|
Pre-Tax Income |
142
N/A
|
137
-4%
|
137
N/A
|
146
+7%
|
162
+11%
|
176
+9%
|
185
+5%
|
196
+6%
|
201
+2%
|
196
-3%
|
174
-11%
|
150
-14%
|
128
-15%
|
121
-5%
|
128
+6%
|
134
+5%
|
145
+8%
|
154
+6%
|
168
+9%
|
195
+16%
|
224
+15%
|
237
+6%
|
244
+3%
|
232
-5%
|
222
-4%
|
204
-8%
|
198
-3%
|
208
+5%
|
225
+8%
|
257
+14%
|
301
+17%
|
326
+8%
|
346
+6%
|
357
+3%
|
357
+0%
|
345
-3%
|
325
-6%
|
299
-8%
|
242
-19%
|
199
-18%
|
148
-26%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(55)
|
(53)
|
(53)
|
(58)
|
(63)
|
(69)
|
(72)
|
(76)
|
(77)
|
(75)
|
(67)
|
(56)
|
(48)
|
(46)
|
(48)
|
(51)
|
(52)
|
(50)
|
(48)
|
(51)
|
(56)
|
(60)
|
(62)
|
(59)
|
(55)
|
(50)
|
(48)
|
(51)
|
(56)
|
(64)
|
(76)
|
(82)
|
(85)
|
(87)
|
(86)
|
(83)
|
(79)
|
(73)
|
(60)
|
(49)
|
(35)
|
|
Income from Continuing Operations |
87
|
84
|
83
|
88
|
99
|
107
|
114
|
120
|
124
|
121
|
107
|
94
|
79
|
75
|
80
|
84
|
92
|
104
|
119
|
144
|
168
|
177
|
182
|
173
|
167
|
154
|
150
|
157
|
169
|
193
|
225
|
244
|
262
|
270
|
272
|
262
|
246
|
226
|
182
|
150
|
112
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(1)
|
0
|
|
Net Income (Common) |
87
N/A
|
84
-4%
|
83
0%
|
88
+6%
|
99
+12%
|
107
+9%
|
114
+6%
|
120
+5%
|
124
+3%
|
121
-3%
|
107
-11%
|
94
-12%
|
79
-16%
|
75
-5%
|
80
+7%
|
84
+5%
|
203
+143%
|
215
+6%
|
230
+7%
|
255
+11%
|
168
-34%
|
177
+5%
|
182
+3%
|
173
-5%
|
167
-4%
|
154
-8%
|
150
-3%
|
157
+5%
|
169
+8%
|
193
+14%
|
225
+17%
|
243
+8%
|
259
+7%
|
266
+3%
|
267
+0%
|
258
-3%
|
241
-6%
|
223
-8%
|
180
-19%
|
149
-17%
|
112
-25%
|
|
EPS (Diluted) |
1.18
N/A
|
1.14
-3%
|
1.14
N/A
|
1.21
+6%
|
1.36
+12%
|
1.48
+9%
|
1.57
+6%
|
1.65
+5%
|
1.71
+4%
|
1.66
-3%
|
1.47
-11%
|
1.29
-12%
|
1.09
-16%
|
1.03
-6%
|
1.1
+7%
|
1.15
+5%
|
2.79
+143%
|
2.95
+6%
|
3.17
+7%
|
3.54
+12%
|
2.33
-34%
|
2.5
+7%
|
2.59
+4%
|
2.48
-4%
|
2.38
-4%
|
2.2
-8%
|
2.14
-3%
|
2.25
+5%
|
2.44
+8%
|
2.82
+16%
|
3.3
+17%
|
3.58
+8%
|
3.82
+7%
|
4.04
+6%
|
4.12
+2%
|
4.04
-2%
|
3.74
-7%
|
3.49
-7%
|
2.82
-19%
|
2.33
-17%
|
1.76
-24%
|