Knight-Swift Transportation Holdings Inc. (KNX) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Revenues:
Truckload	4,531.1	4,098.0	3,786.0	3,952.9	4,290.3	1,970.3
Intermodal	485.8	458.9	391.5	455.5	498.8	150.3
Logistics	920.7	817.0	375.8	353.0	436.0	235.9
Other	1,491.0	624.1	120.5	82.6	118.9	68.9
Total revenues [+]	7,428.6	5,998.0	4,673.9	4,844.0	5,344.1	2,425.5	1,118.0	1,183.0
Services								1,061.7
Reimbursements								121.2
Revenue growth [+]	23.9%	28.3%	-3.5%	-9.4%	120.3%	116.9%	-5.5%	-72.5%
Truckload	10.6%	8.2%	-4.2%	-7.9%	117.7%
Intermodal	5.9%	17.2%	-14.1%	-8.7%	231.8%
Logistics	12.7%	117.4%	6.5%	-19.0%	84.8%
Cost of goods sold [+]	4,514.5	3,638.9	2,836.1	3,415.4	3,776.1	1,721.9	773.7	814.5
Labor costs	2,173.9	1,771.8	1,483.2	1,474.1	1,495.1	688.5	333.9	334.1
Fuel costs	895.6	546.3	416.3	583.1	622.0	275.0	129.7	152.8
Transportation costs	1,444.9	1,320.9	936.6	1,036.0	1,318.3	594.1	233.9	246.9
Maintenance and operations costs				322.2	340.6	164.3	76.2	80.9
Gross profit	2,914.1	2,359.1	1,837.7	1,428.6	1,568.0	703.5	344.3	368.4
Gross margin	39.2%	39.3%	39.3%	29.5%	29.3%	29.0%	30.8%	31.1%
Selling, general and administrative [+]	479.6	297.9	212.4	213.9	413.7	180.1	43.7	61.3
General and administrative [+]	479.6	297.9	212.4	213.9	413.7	180.1	43.7	61.3
Rent expense					177.4	74.2	5.0	4.7
Operating taxes								18.9
Insurance expense	455.9	275.4	192.8	194.3	215.4	95.2	34.4	33.6
Other selling, general and administrative
Other operating expenses	682.1	517.3	548.8	363.7	195.0	112.2	36.5	18.6
EBITDA [+]	1,752.5	1,543.9	1,076.4	893.9	1,001.9	424.6	264.6	289.0
EBITDA growth	13.5%	43.4%	20.4%	-10.8%	136.0%	60.4%	-8.4%	-50.4%
EBITDA margin	23.6%	25.7%	23.0%	18.5%	18.7%	17.5%	23.7%	24.4%
Depreciation	595.0	522.6	460.8	420.1	387.5	193.7	115.7	110.5
EBITA	1,157.5	1,021.3	615.7	473.8	614.4	230.8	149.0	178.5
EBITA margin	15.6%	17.0%	13.2%	9.8%	11.5%	9.5%	13.3%	15.1%
Amortization of intangibles	64.8	55.3	45.9	42.9	42.6	13.4	0.5	0.5
EBIT [+]	1,092.6	966.0	569.8	430.9	571.8	217.5	148.5	178.0
EBIT growth	13.1%	69.5%	32.2%	-24.6%	162.9%	46.5%	-16.6%	-48.4%
EBIT margin	14.7%	16.1%	12.2%	8.9%	10.7%	9.0%	13.3%	15.0%
Non-recurring items [+]	0.8	0.3	5.3	3.5	2.8	16.8
Asset impairment	0.8	0.3	5.3	3.5	2.8	16.8
Interest expense, net [+]	45.4	20.0	15.4	25.6	27.0	7.5	0.6	0.5
Interest expense	50.8	21.1	17.3	29.4	30.2	8.7	0.9	1.0
Interest income	5.4	1.2	1.9	3.8	3.2	1.2	0.3	0.5
Other income (expense), net [+]	-26.0	28.9	11.3	12.1	10.0	0.6	4.9	9.0
Acquisition-related costs						16.5
Other	-26.0	28.9	11.3	12.1	10.0	0.6	4.9	9.0
Pre-tax income	1,020.5	974.6	560.3	414.0	552.0	193.7	152.8	186.5
Income taxes	249.4	230.9	149.7	103.8	131.4	-291.7	57.6	68.0
Tax rate	24.4%	23.7%	26.7%	25.1%	23.8%		37.7%	36.5%
Minority interest	-0.2	0.4	0.6	1.0	1.4	1.1	1.4	1.7
Net income	771.3	743.4	410.0	309.2	419.3	484.3	93.9	116.7
Net margin	10.4%	12.4%	8.8%	6.4%	7.8%	20.0%	8.4%	9.9%

Basic EPS [+]	$4.75	$4.48	$2.42	$1.80	$2.37	$4.38	$1.17	$1.43
Growth	6.1%	85.5%	34.0%	-23.9%	-45.9%	274.7%	-18.5%	25.7%
Diluted EPS [+]	$4.73	$4.45	$2.40	$1.80	$2.36	$4.34	$1.16	$1.42
Growth	6.2%	85.1%	33.8%	-23.7%	-45.7%	275.2%	-18.4%	26.0%

Dividends per share [+]	$0.48	$0.38	$0.32	$0.24	$0.24	$0.24	$0.24	$0.24
Growth	26.3%	18.8%	33.3%	0.0%	0.0%	0.0%	0.0%

Shares outstanding (basic) [+]	162.3	165.9	169.7	171.5	177.0	110.7	80.4	81.5
Growth	-2.2%	-2.3%	-1.1%	-3.1%	60.0%	37.7%	-1.4%	-42.4%
Shares outstanding (diluted) [+]	163.2	167.1	170.5	172.1	178.0	111.7	81.2	82.5
Growth	-2.3%	-2.0%	-0.9%	-3.3%	59.4%	37.5%	-1.5%	-42.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.