Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CONSOLIDATED INCOME

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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue $ 20,568 $ 18,318 $ 18,048 $ 17,160 $ 19,848 $ 17,444 $ 17,456 $ 17,113 $ 74,094 $ 71,861 $ 66,585
Operating Expenses:                      
Compensation and benefits                 38,908 37,235 34,577
Depreciation and amortization                 2,360 2,207 2,282
Fuel                 3,289 3,427 2,690
Other occupancy                 1,392 1,362 1,155
Other expenses                 5,919 5,465 5,055
Total Operating Expenses                 66,296 64,837 59,056
Operating Profit 2,133 2,128 2,143 1,394 2,004 1,727 1,773 1,520 7,798 7,024 7,529
Other Income and (Expense):                      
Investment income (expense) and other                 (1,493) (400) 61
Interest expense                 (653) (605) (453)
Total Other Income and (Expense) (2,331) 78 61 46 (1,461) 162 153 141 (2,146) (1,005) (392)
Income Before Income Taxes                 5,652 6,019 7,137
Income Tax Expense                 1,212 1,228 2,232
Net Income $ (106) $ 1,750 $ 1,685 $ 1,111 $ 453 $ 1,508 $ 1,485 $ 1,345 $ 4,440 $ 4,791 $ 4,905
Basic Earnings Per Share (in dollars per share) $ (0.12) $ 2.03 $ 1.95 $ 1.28 $ 0.52 $ 1.74 $ 1.71 $ 1.55 $ 5.14 $ 5.53 $ 5.63
Diluted Earnings Per Share (in dollars per share) $ (0.12) $ 2.01 $ 1.94 $ 1.28 $ 0.52 $ 1.73 $ 1.71 $ 1.55 $ 5.11 $ 5.51 $ 5.61
Repairs and maintenance                      
Operating Expenses:                      
Repairs and maintenance                 $ 1,838 $ 1,732 $ 1,601
Purchased transportation                      
Operating Expenses:                      
Repairs and maintenance                 $ 12,590 $ 13,409 $ 11,696