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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net earnings $ 506,035 $ 516,320 $ 489,585
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 527,375 499,145 435,893
Noncash lease expense 45,985 39,517 0
Share-based compensation 60,698 53,324 47,369
Loss on sale of revenue equipment and other 4,389 13,057 12,107
Deferred income taxes (7,056) 55,617 101,591
Changes in operating assets and liabilities:      
Trade accounts receivable (109,758) 50,310 (130,931)
Income taxes receivable or payable 57,851 41,447 (41,071)
Other current assets (18,038) (4,975) (6,133)
Trade accounts payable (5,482) (85,327) 98,037
Claims accruals (9,072) (20,727) 21,580
Accrued payroll and other accrued expenses 69,932 (59,361) 59,814
Net cash provided by operating activities 1,122,859 1,098,347 1,087,841
Cash flows from investing activities:      
Additions to property and equipment (738,545) (854,115) (995,650)
Proceeds from sale of equipment 137,776 165,918 110,165
Business acquisition (12,136) (115,654) 0
Change in other assets (52) (111) (1,288)
Net cash used in investing activities (612,957) (803,962) (886,773)
Cash flows from financing activities:      
Proceeds from long-term debt 0 700,000 0
Payments on long-term debt 0 (250,000) 0
Proceeds from revolving lines of credit and other 222,124 1,591,014 3,204,715
Payments on revolving lines of credit and other (220,100) (1,904,000) (3,137,900)
Purchase of treasury stock (92,548) (275,657) (150,338)
Stock repurchased for payroll taxes and other (26,842) (16,525) (19,563)
Dividends paid (114,234) (111,817) (104,994)
Net cash used in financing activities (231,600) (266,985) (208,080)
Net increase/(decrease) in cash and cash equivalents 278,302 27,400 (7,012)
Cash and cash equivalents at beginning of year 35,000 7,600 14,612
Cash and cash equivalents at end of year 313,302 35,000 7,600
Supplemental disclosure of cash flow information:      
Interest 48,351 46,721 39,901
Income taxes 95,454 71,681 83,822
Noncash investing activities      
Accruals for equipment received $ 12,533 $ 25,505 $ 49,390