XML 31 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net Income $ 771,118 $ 743,748 $ 410,635
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, equipment, and intangibles 659,824 577,895 506,670
Gain on sale of property and equipment (92,891) (74,799) (9,706)
Impairments 810 299 5,335
Deferred income taxes 30,852 39,929 46,214
Non-cash lease expense 41,943 45,192 80,891
Loss (gain) on equity securities 52,274 (3,931) (3,737)
Non-cash adjustment to fair value of convertible note 0 (12,631) 0
Other adjustments to reconcile net income to net cash provided by operating activities 46,632 44,841 47,419
Increase (decrease) in cash resulting from changes in:      
Trade receivables 58,708 (214,573) (75,521)
Income tax receivable (58,065) 2,528 14,123
Accounts payable (24,769) 73,371 7,500
Accrued liabilities and claims accrual 11,151 40,872 (31,210)
Operating lease liabilities (42,893) (48,171) (83,675)
Other assets and liabilities (18,841) (24,417) 4,707
Net cash provided by operating activities 1,435,853 1,190,153 919,645
Cash flows from investing activities:      
Proceeds from maturities of held-to-maturity investments 9,706 10,624 13,675
Purchases of held-to-maturity investments (11,145) (7,706) (16,936)
Proceeds from sale of property and equipment, including assets held for sale 183,421 252,080 133,230
Purchases of property and equipment (800,563) (534,096) (521,067)
Expenditures on assets held for sale (545) (1,367) (483)
Net cash, restricted cash, and equivalents invested in acquisitions (31,291) (1,496,208) (46,811)
Investment in convertible note 0 (35,000) 0
Other cash flows from investing activities 4,233 (5,060) (42,320)
Net cash used in investing activities (646,184) (1,816,733) (480,712)
Cash flows from financing activities:      
Repayment of finance leases and long-term debt (274,833) (409,889) (148,910)
Proceeds from long-term debt 0 1,200,000 0
(Repayments) borrowings on revolving lines of credit, net (217,000) 50,000 (69,000)
Borrowings under accounts receivable securitization 140,000 80,000 61,000
Repayment of accounts receivable securitization 0 (15,000) (52,000)
Proceeds from common stock issued 7,432 9,282 12,748
Repurchases of the Company's common stock (299,941) (57,175) (179,585)
Dividends paid (78,304) (63,535) (54,620)
Other cash flows from financing activities (31,701) (14,357) (13,517)
Net cash (used in) provided by financing activities (754,347) 779,326 (443,884)
Net increase (decrease) in cash, restricted cash, and equivalents 35,322 152,746 (4,951)
Cash, restricted cash, and equivalents at beginning of period 350,023 197,277 202,228
Cash, restricted cash, and equivalents at end of period 385,345 350,023 197,277
Cash paid during the period for:      
Interest 48,905 18,949 17,396
Income taxes 289,159 167,092 80,006
Other Significant Noncash Transactions [Line Items]      
Equipment acquired included in accounts payable 34,909 10,489 651
Purchase price adjustment on acquisition 2,164 0 0
Contingent consideration associated with acquisitions and investments 1,717 6,250 16,200
Value of common stock issued for acquisition 0 10,000 0
Conversion of note receivable to equity investment 0 37,631 0
Right-of-use assets obtained in exchange for operating lease liabilities 86,910 22,771 12,406
Property and equipment obtained in exchange for finance lease liabilities 152,509 181,234 137,097
Transfers from property and equipment to assets held for sale [Member]      
Other Significant Noncash Transactions [Line Items]      
Other non-cash investing and financing activities 90,951 92,445 75,292
Noncontrolling Interest Associated With Acquisition      
Other Significant Noncash Transactions [Line Items]      
Other non-cash investing and financing activities 0 10,281 0
Property and equipment obtained in exchange for finance lease liabilities from operating lease liabilities      
Other Significant Noncash Transactions [Line Items]      
Property and equipment obtained in exchange for finance lease liabilities 6,462 42,298 67,430
Acquisitions      
Other Significant Noncash Transactions [Line Items]      
Right-of-use assets obtained in exchange for operating lease liabilities through acquisitions $ 0 $ 50,988 $ 12,356