XML 39 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net earnings $ 115,791 $ 89,594
Depreciation and amortization 103,908 97,160
Share-based compensation 12,633 10,786
Gain on sale of revenue equipment and other (6,129) (3,032)
Impairment on assets held for sale   180
Provision for deferred income taxes 13,049 4,218
Changes in operating assets and liabilities:    
Trade accounts receivable (89,568) (53,330)
Income tax payable 41,756 8,492
Other assets 24,270 19,295
Trade accounts payable 81,055 9,314
Claims accruals 4,205 6,591
Accrued payroll and other accrued expenses 6,703 19,562
Net cash provided by operating activities 307,673 208,830
Cash flows from investing activities:    
Additions to property and equipment (240,354) (130,768)
Net proceeds from sale of equipment 29,391 26,823
Changes in other assets 86 (52)
Net cash used in investing activities (210,877) (103,997)
Cash flows from financing activities:    
Proceeds from issuances of long-term debt 200,000  
Payments on long-term debt (200,000)  
Proceeds from revolving lines of credit and other 412,208 712,300
Payments on revolving lines of credit and other (402,400) (662,529)
Purchase of treasury stock (85,331) (131,808)
Stock option exercises and other 4,915 2,977
Tax benefit on stock options exercised 8,703 4,351
Dividends paid (31,393) (30,253)
Net cash used in financing activities (93,298) (104,962)
Net change in cash and cash equivalents 3,498 (129)
Cash and cash equivalents at beginning of period 7,651 7,843
Cash and cash equivalents at end of period 11,149 7,714
Cash paid during the period for:    
Interest 17,775 13,092
Income taxes $ 8,126 $ 38,820