Werner Enterprises Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2011. For the fourth quarter, the company reported operating revenues of $507,937,000 compared to $463,214,000 a year ago. Operating income was $49,399,000 compared to $40,627,000 a year ago. Income before income taxes was $49,988,000 compared to $41,047,000 a year ago. Net income was $29,368,000 or $0.40 per diluted share compared to $24,115,000 or $0.33 per diluted share a year ago. Capital expenditures net were $78,598,000 compared to $35,936,000 a year ago. Cash flow from operations was $64,141,000 compared to $73,236,000 a year ago. Return on assets (annualized) was 9.1% compared to 7.8% a year ago. For the full year, the company reported operating revenues of $2,002,850,000 compared to $1,815,020,000 a year ago. Operating income was $173,674,000 compared to $134,582,000 a year ago. Income before income taxes was $174,906,000 compared to $136,237,000 a year ago. Net income was $102,757,000 or $1.40 per diluted share compared to $80,039,000 or $1.10 per diluted share a year ago. Capital expenditures net were $232,198,000 compared to $119,033,000 a year ago. Cash flow from operations was $264,480,000 compared to $228,483,000 a year ago. Return on assets (annualized) was 8.3% compared to 6.6% a year ago. The company expects its net capital expenditures in 2012 to be in a range of $160 million to $210 million.