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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings $ 146,606 $ 104,834
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 137,545 130,095
Noncash lease expense 12,296 11,411
Share-based compensation 14,967 18,063
Loss on sale of revenue equipment and other 1,147 1,472
Deferred income taxes 30,996 15,470
Changes in operating assets and liabilities:    
Trade accounts receivable (94,759) 33,549
Other assets 46,385 (60,029)
Trade accounts payable 43,280 (5,392)
Income taxes payable or receivable 12,156 23,066
Claims accruals 2,242 (7,938)
Accrued payroll and other accrued expenses 11,797 (15,438)
Net cash provided by operating activities 364,658 249,163
Cash flows from investing activities:    
Additions to property and equipment (108,775) (166,814)
Net proceeds from sale of equipment 22,921 38,078
Change in other assets 4 28
Net cash used in investing activities (85,850) (128,708)
Cash flows from financing activities:    
Proceeds from revolving lines of credit and other 505 220,607
Payments on revolving lines of credit and other 0 (220,100)
Purchase of treasury stock (5,239) (75,193)
Stock repurchased for payroll taxes (4,809) (3,627)
Dividends paid (29,597) (28,688)
Net cash used in financing activities (39,140) (107,001)
Net change in cash and cash equivalents 239,668 13,454
Cash and cash equivalents at beginning of period 313,302 35,000
Cash and cash equivalents at end of period 552,970 48,454
Supplemental disclosure of cash flow information:    
Interest 21,343 21,673
Income taxes 3,779 1,173
Noncash investing activities    
Accruals for equipment received $ 23,630 $ 22,395