XML 17 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 634,261 $ 546,277
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 335,002 334,127
Stock-based compensation expense 50,645 42,838
Gain on sale of assets and businesses (2,513) 0
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (74,129) 10,090
Accrued interest (5,808) (5,747)
Accrued and deferred income taxes (53,165) (20,177)
Other working capital accounts 89,157 23,729
Other assets and deferred charges (37,133) (21,346)
Other 23,008 (54,664)
Accrued insurance expense, net of commercial premiums paid 69,386 80,814
Payments made in settlement of self-insurance claims (53,223) (57,224)
Net cash provided by operating activities 975,488 878,717
Cash Flows from Investing Activities:    
Property and equipment additions, net of disposals (521,349) (418,693)
Acquisition of property and businesses (108,016) (19,610)
Proceeds received from sales of assets and businesses 13,502 0
Costs incurred for purchase and implementation of information technology applications (25,487) (26,401)
Decrease (increase) in capital reserves of commercial insurance subsidiary 100 (3,000)
Investment in, and advances to, joint venture (13,910) 0
Net cash used in investing activities (655,160) (467,704)
Cash Flows from Financing Activities:    
Reduction of long-term debt (99,969) (143,526)
Additional borrowings 82,400 43,124
Financing costs (774) (34)
Repurchase of common shares (261,256) (242,870)
Dividends paid (28,086) (28,776)
Issuance of common stock 7,737 7,637
Profit distributions to noncontrolling interests (8,243) (15,924)
Net cash used in financing activities (308,191) (380,369)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,742) 1,485
Increase in cash, cash equivalents and restricted cash 10,395 32,129
Cash, cash equivalents and restricted cash, beginning of period 167,297 121,950
Cash, cash equivalents and restricted cash, end of period 177,692 154,079
Supplemental Disclosures of Cash Flow Information:    
Interest paid 114,162 107,442
Income taxes paid, net of refunds 247,486 305,885
Noncash purchases of property and equipment $ 88,932 $ 64,958