Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Old Dominion Freight Line Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Revenue from operations	6,260,077)	5,256,328)	4,015,129)	4,109,111)	4,043,695)
Salaries, wages and benefits	(2,716,835)	(2,467,985)	(2,053,894)	(2,122,464)	(2,075,602)
Operating supplies and expenses	(852,955)	(567,615)	(373,431)	(473,114)	(497,476)
General supplies and expenses	(159,998)	(136,059)	(110,279)	(123,975)	(119,180)
Operating taxes and licenses	(141,239)	(133,452)	(116,943)	(116,839)	(112,210)
Insurance and claims	(58,301)	(53,549)	(42,364)	(52,549)	(44,118)
Communications and utilities	(40,584)	(34,149)	(31,542)	(29,601)	(31,070)
Depreciation and amortization	(276,050)	(259,883)	(261,259)	(253,681)	(230,357)
Purchased transportation	(158,111)	(185,785)	(97,947)	(89,636)	(96,017)
Miscellaneous expenses, net	(15,372)	(26,249)	(20,588)	(28,546)	(20,614)
Operating expenses	(4,419,445)	(3,864,726)	(3,108,247)	(3,290,405)	(3,226,644)
Operating income	1,840,632)	1,391,602)	906,882)	818,706)	817,051)
Interest expense	(1,563)	(1,727)	(2,782)	(377)	(189)
Interest income	4,884)	786)	1,830)	6,763)	3,113)
Other expense, net	(2,604)	(2,238)	(4,566)	(1,143)	(4,462)
Non-operating income (expense)	717)	(3,179)	(5,518)	5,243)	(1,538)
Income before income taxes	1,841,349)	1,388,423)	901,364)	823,949)	815,513)
Provision for income taxes	(464,190)	(354,048)	(228,682)	(208,431)	(209,845)
Net income	1,377,159)	1,034,375)	672,682)	615,518)	605,668)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Income statement item	Description	The company
Revenue from operations	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Old Dominion Freight Line Inc. revenue from operations increased from 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Old Dominion Freight Line Inc. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Old Dominion Freight Line Inc. income before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Old Dominion Freight Line Inc. net income increased from 2020 to 2021 and from 2021 to 2022.

Old Dominion Freight Line Inc. (NASDAQ:ODFL)

Income Statement