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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net earnings $ 127,493 $ 197,768
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 182,996 175,812
Noncash lease expense 26,497 22,852
Share-based compensation 18,409 19,248
Loss on sale of revenue equipment and other 7,271 6,038
Deferred income taxes 16,788 1,446
Changes in operating assets and liabilities:    
Trade accounts receivable 62,797 145,179
Other assets 92,021 52,886
Trade accounts payable (65,398) (76,106)
Income taxes payable or receivable 27,694 52,951
Claims accruals 5,131 17,085
Accrued payroll and other accrued expenses (35,232) (127,538)
Net cash provided by operating activities 466,467 487,621
Cash flows from investing activities:    
Additions to property and equipment (203,387) (461,314)
Net proceeds from sale of equipment 37,205 81,483
Business acquisition 3,785 0
Net cash used in investing activities (162,397) (379,831)
Cash flows from financing activities:    
Payments on long-term debt (250,000) 0
Proceeds from revolving lines of credit and other 407,600 945,400
Payments on revolving lines of credit and other (367,600) (966,100)
Purchase of treasury stock (25,140) (30,849)
Stock repurchased for payroll taxes and other (13,671) (11,980)
Dividends paid (44,418) (43,584)
Net cash used in financing activities (293,229) (107,113)
Net change in cash and cash equivalents 10,841 677
Cash and cash equivalents at beginning of period 53,344 51,927
Cash and cash equivalents at end of period 64,185 52,604
Supplemental disclosure of cash flow information:    
Interest 28,994 24,577
Income taxes 5,351 7,455
Noncash investing activities    
Accruals for equipment received $ 104,467 $ 134,578