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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 from continuing operations:      
Net earnings (loss) $ (122,250) $ (24,410) $ 284,613
Less: Loss from discontinued operations, net of tax (10,254) (1,138) (2,309)
Earnings (loss) from continuing operations (111,996) (23,272) 286,922
Depreciation expense 2,027,413 1,878,929 1,388,570
Goodwill impairment charge 0 0 15,513
Used vehicle sales, net (414) 58,706 22,325
Amortization expense and other non-cash charges, net 115,519 101,289 67,936
Non-cash lease expense 92,227 94,039 87,741
Non-operating pension costs and share-based compensation expense 41,160 86,234 32,493
Deferred income tax expense (benefit) (32,865) (32,331) 108,895
Collections on sales-type leases 114,462 121,201 82,803
Changes in operating assets and liabilities, net of acquisitions:      
Receivables (5,356) 27,149 (193,144)
Inventories 20,094 (1,334) (5,782)
Prepaid expenses and other assets (91,969) (65,185) (84,727)
Accounts payable 28,863 (26,596) 16,869
Accrued expenses and other non-current liabilities (15,835) (78,290) (108,421)
Net cash provided by operating activities from continuing operations 2,181,303 2,140,539 1,717,993
Cash flows from investing activities from continuing operations:      
Purchases of property and revenue earning equipment (1,146,521) (3,735,174) (3,050,409)
Sales of revenue earning equipment 538,894 465,705 379,716
Sales of operating property and equipment 13,334 52,276 16,606
Acquisitions, net of cash acquired 0 0 (167,372)
Other (6,704) 0 0
Net cash used in investing activities from continuing operations (600,997) (3,217,193) (2,821,459)
Cash flows from financing activities from continuing operations:      
Net borrowings (repayments) of commercial paper and other (377,273) (15,492) 62,147
Debt proceeds 2,084,343 3,016,348 2,283,012
Debt repayments (3,055,380) (1,775,685) (1,128,390)
Dividends on common stock (119,036) (116,469) (111,864)
Common stock repurchased (29,219) (27,686) (30,810)
Other (10,613) 3,123 11,420
Net cash provided by (used in) financing activities from continuing operations (1,507,178) 1,084,139 1,085,515
Effect of exchange rates on cash, cash equivalents, and restricted cash 5,132 (4,272) 4,694
Increase (decrease) increase in cash, cash equivalents, and restricted cash from continuing operations 78,260 3,213 (13,257)
Increase (decrease) in cash, cash equivalents, and restricted cash from discontinued operations (550) 2,260 (1,654)
Increase (decrease) in cash, cash equivalents, and restricted cash 77,710 5,473 (14,911)
Cash, cash equivalents, and restricted cash at January 1 73,584 68,111 83,022
Cash, cash equivalents, and restricted cash at December 31 $ 151,294 $ 73,584 $ 68,111