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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 579,533 $ 634,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 362,736 335,002
Stock-based compensation expense 52,167 50,645
Gain on sale of assets and businesses (5,982) (2,513)
Provision for asset impairment 97,631 0
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (37,332) (74,129)
Accrued interest (2,962) (5,808)
Accrued and deferred income taxes (53,714) (53,165)
Other working capital accounts 90,262 89,157
Other assets and deferred charges 15,237 (37,133)
Other (56,465) (3,080)
Accrued insurance expense, net of commercial premiums paid 76,245 69,386
Payments made in settlement of self-insurance claims (68,046) (53,223)
Net cash provided by operating activities 1,049,310 949,400
Cash Flows from Investing Activities:    
Property and equipment additions, net of disposals (480,247) (521,349)
Acquisition of property and businesses 0 (108,016)
Inflows from foreign exchange contracts that hedge our net U.K. investment 90,286 26,088
Proceeds received from sales of assets and businesses 7,497 13,502
Costs incurred for purchase and implementation of information technology applications (18,240) (25,487)
Decrease in capital reserves of commercial insurance subsidiary 0 100
Investment in, and advances to, joint ventures and other (11,949) (13,910)
Net cash used in investing activities (412,653) (629,072)
Cash Flows from Financing Activities:    
Reduction of long-term debt (68,175) (99,969)
Additional borrowings 15,100 82,400
Financing costs 0 (774)
Repurchase of common shares (587,976) (261,256)
Dividends paid (35,556) (28,086)
Issuance of common stock 8,248 7,737
Profit distributions to noncontrolling interests (11,887) (8,243)
Net cash used in financing activities (680,246) (308,191)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,259) (1,742)
(Decrease) Increase in cash, cash equivalents and restricted cash (44,848) 10,395
Cash, cash equivalents and restricted cash, beginning of period 199,685 167,297
Cash, cash equivalents and restricted cash, end of period 154,837 177,692
Supplemental Disclosures of Cash Flow Information:    
Interest paid 122,699 114,162
Income taxes paid, net of refunds 221,298 247,486
Noncash purchases of property and equipment 83,552 $ 88,932
Right-of-use assets obtained in exchange for lease obligations $ 364,453