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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net income $ 144,460 $ 237,398
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 124,394 120,040
Stock-based compensation expense 18,047 17,591
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable 69,763 (101,619)
Accrued interest (4,412) (2,687)
Accrued and deferred income taxes 45,200 52,291
Other working capital accounts 73,929 107,878
Other assets and deferred charges 11,084 (3,771)
Other (3,038) 2,605
Accrued insurance expense, net of commercial premiums paid 49,559 24,398
Payments made in settlement of self-insurance claims (26,924) (22,320)
Net cash provided by operating activities 502,062 431,804
Cash Flows from Investing Activities:    
Property and equipment additions, net of disposals (184,102) (169,848)
Inflows (outflows) from foreign exchange contracts that hedge our net U.K. investment 51,691 (28,008)
Costs incurred for purchase and implementation of information technology applications (1,857) (9,678)
Investment in, and advances to, joint ventures and other (751) (879)
Net cash used in investing activities (135,019) (208,413)
Cash Flows from Financing Activities:    
Reduction of long-term debt (185,098) (114,540)
Additional borrowings 5,453 8,700
Repurchase of common shares (172,092) (143,785)
Dividends paid (17,344) (9,081)
Issuance of common stock 3,002 2,726
Profit distributions to noncontrolling interests (5,735) (10,314)
Net cash used in financing activities (371,814) (266,294)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,673) 794
Decrease in cash, cash equivalents and restricted cash (6,444) (42,109)
Cash, cash equivalents and restricted cash, beginning of period 105,667 199,685
Cash, cash equivalents and restricted cash, end of period 99,223 157,576
Supplemental Disclosures of Cash Flow Information:    
Interest paid 39,483 41,050
Income taxes paid, net of refunds 6,783 5,087
Noncash purchases of property and equipment 58,935 71,987
Right-of-use assets obtained in exchange for lease obligations $ 29,112 $ 355,981