XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings $ 102,702 $ 100,098
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 92,189 88,352
Share-based compensation 11,170 10,972
Loss on sale of revenue equipment and other 1,709 30
Deferred income taxes 1,928 15,257
Changes in operating assets and liabilities:    
Trade accounts receivable 37,855 (26,743)
Other assets 35,063 22,154
Trade accounts payable (26,901) 41,168
Income taxes payable or receivable 35,064 41,803
Claims accruals (2,910) 3,020
Accrued payroll and other accrued expenses (2,236) 8,785
Net cash provided by operating activities 285,633 304,896
Cash flows from investing activities:    
Additions to property and equipment (98,775) (156,786)
Net proceeds from sale of equipment 7,768 42,328
Change in other assets (3,467) (2)
Net cash used in investing activities (94,474) (114,460)
Cash flows from financing activities:    
Proceeds from revolving lines of credit and other 666,864 313,729
Payments on revolving lines of credit and other (696,500) (378,397)
Purchase of treasury stock (129,761) (100,000)
Stock option exercises and other 42
Stock repurchased for payroll taxes (276) (621)
Tax benefit of stock options exercised 47
Dividends paid (25,602) (24,810)
Net cash used in financing activities (185,275) (190,010)
Net change in cash and cash equivalents 5,884 426
Cash and cash equivalents at beginning of period 6,377 5,566
Cash and cash equivalents at end of period 12,261 5,992
Supplemental disclosure of cash flow information:    
Interest 9,561 8,797
Income taxes $ 2,082 $ 3,046