Werner Enterprises, Inc. (WERN)

Werner Enterprises Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	3,220	3,283	3,290	2,734	2,372	2,464
Revenue Growth (YoY)	-4.12%	-0.20%	20.32%	15.27%	-3.71%	0.24%
Cost of Revenue	2,539	2,579	2,504	2,002	1,662	1,802
Gross Profit	680.53	704.68	785.65	732.17	709.71	661.64
Selling, General & Admin	139.39	138.52	137.87	98.66	109.82	88.91
Depreciation & Amortization	299.47	299.51	279.92	267.7	263.29	249.53
Other Operating Expenses	133.92	134.89	125.25	115.6	120.44	119.28
Operating Expenses	572.78	572.91	543.04	481.96	493.54	457.72
Operating Income	107.75	131.77	242.61	250.22	216.17	203.92
Interest Expense	-33.57	-33.54	-11.83	-4.42	-4.22	-6.85
Interest & Investment Income	6.83	6.7	1.73	1.21	1.63	3.33
Earnings From Equity Investments	-1.18	-1.05	-	-	-	-
Other Non Operating Income (Expenses)	-0.21	-0.48	-0.39	-0.24	-0.16	-0.04
EBT Excluding Unusual Items	79.62	103.42	232.13	246.77	213.42	200.35
Merger & Restructuring Charges	-	-	-1.1	-1.6	-	-
Gain (Loss) on Sale of Investments	-0.34	-0.28	12.2	40.32	-	-
Gain (Loss) on Sale of Assets	27.67	42.44	88.56	60.53	11.27	21.56
Legal Settlements	1	-	-9.5	-	-	-
Other Unusual Items	2.2	2.2	2.5	-	-	-
Pretax Income	110.16	147.78	324.79	346.02	224.69	221.91
Income Tax Expense	27.16	35.49	79.21	84.54	55.62	54.96
Earnings From Continuing Operations	83	112.29	245.58	261.48	169.08	166.94
Minority Interest in Earnings	0.47	0.09	-4.32	-2.43	-	-
Net Income	83.47	112.38	241.26	259.05	169.08	166.94
Net Income to Common	83.47	112.38	241.26	259.05	169.08	166.94
Net Income Growth	-62.52%	-53.42%	-6.87%	53.21%	1.28%	-0.72%
Shares Outstanding (Basic)	63	63	64	67	69	70
Shares Outstanding (Diluted)	64	64	65	68	69	70
Shares Change (YoY)	-0.48%	-1.33%	-4.83%	-2.26%	-0.86%	-2.82%
EPS (Basic)	1.32	1.77	3.76	3.84	2.45	2.40
EPS (Diluted)	1.31	1.76	3.74	3.82	2.44	2.38
EPS Growth	-62.30%	-52.94%	-2.09%	56.56%	2.52%	2.15%
Free Cash Flow	-99.15	-124.42	-58.54	-38.03	32.84	5.9
Free Cash Flow Per Share	-1.56	-1.95	-0.91	-0.56	0.47	0.08
Dividend Per Share	0.560	0.550	0.510	0.460	0.360	0.360
Dividend Growth	7.69%	7.84%	10.87%	27.78%	0%	5.88%
Gross Margin	21.14%	21.46%	23.88%	26.78%	29.92%	26.86%
Operating Margin	3.35%	4.01%	7.37%	9.15%	9.11%	8.28%
Profit Margin	2.59%	3.42%	7.33%	9.47%	7.13%	6.78%
Free Cash Flow Margin	-3.08%	-3.79%	-1.78%	-1.39%	1.38%	0.24%
EBITDA	407.21	431.28	522.54	517.92	479.45	453.44
EBITDA Margin	12.65%	13.13%	15.88%	18.94%	20.21%	18.40%
D&A For EBITDA	299.47	299.51	279.92	267.7	263.29	249.53
EBIT	107.75	131.77	242.61	250.22	216.17	203.92
EBIT Margin	3.35%	4.01%	7.37%	9.15%	9.11%	8.28%
Effective Tax Rate	24.65%	24.02%	24.39%	24.43%	24.75%	24.77%

Source: S&P Capital IQ. Standard template.