Landstar System, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.65B | $3.17B | $3.32B | $3.18B | $2.66B | $2.77B | $2.63B | $2.40B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $170.6M | $143.2M | $149.7M | $150.3M | $131.7M | $138.1M | $136.8M | $153.1M |
| Operating Income | $244.0M | $223.3M | $241.7M | $224.4M | $176.6M | $200.7M | $180.8M | $140.0M |
| Operating Margin | 6.7% | 7.0% | 7.3% | 7.0% | 6.6% | 7.2% | 6.9% | 5.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $240.8M | $219.5M | $238.8M | $221.2M | $173.4M | $197.6M | $177.7M | $136.3M |
| Income Tax Expense | $63.8M | $82.1M | $91.1M | $82.4M | $64.5M | $71.1M | $66.2M | $49.8M |
| Net Income | $177.1M | $137.4M | $147.7M | $138.8M | $146.0M | $129.8M | $113.0M | $87.5M |
| Net Margin | 4.9% | 4.3% | 4.4% | 4.4% | 5.5% | 4.7% | 4.3% | 3.6% |
| EPS (Basic) | $4.22 | $3.26 | $3.38 | $3.09 | $3.17 | $2.78 | $2.38 | $1.77 |
| EPS (Diluted) | $4.21 | $3.25 | $3.37 | $3.07 | $3.16 | $2.77 | $2.38 | $1.77 |
| Shares Outstanding (Basic) | 41.9M | 42.1M | 43.7M | 45.0M | 46.0M | 46.7M | 47.4M | 49.5M |
| Shares Outstanding (Diluted) | 42.0M | 42.2M | 43.8M | 45.2M | 46.2M | 46.9M | 47.5M | 49.6M |
| Dividends Per Share | $1.88 | $0.34 | $0.30 | $1.26 | $0.35 | $0.73 | $0.21 | $0.19 |