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huffman_trucking_income_statement.docx

Huffman Trucking

Statement of Income

(Unaudited)

 

 

December 31st

 

2011

2010

 

(In Thousands)

 

Revenue

$1,109,295

$969,240

 

Operating Expenses

 

Salaries, Wages & Benefits

$406,191

$367,993

Fuel Expense

318,737

258,904

Operating Supplies and Expenses

117,670

105,875

Purchased Transportation

138,140

114,250

Operating Taxes & Licenses

19,033

17,753

Insurance & Claims

11,995

12,493

Provision for Depreciation

3,009

2,773

Total Operating Expenses

$1,014,775

$880,041

 

Operating Income form Continuing Operations

$94,520

$89,199

 

Interest Expense

$466

$768

Tax Expense

34,887

32,923

Net Income

$59,167

$55,508