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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 104,834 $ 119,601
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 130,095 119,930
Noncash lease expense 11,411 8,484
Share-based compensation 18,063 13,571
Loss on sale of revenue equipment and other 1,472 2,252
Deferred income taxes 15,470 25,030
Changes in operating assets and liabilities:    
Trade accounts receivable 33,549 58,109
Other assets (60,029) (54,421)
Trade accounts payable (5,392) (14,325)
Income taxes payable or receivable 23,066 12,213
Claims accruals (7,938) (920)
Accrued payroll and other accrued expenses (15,438) (38,783)
Net cash provided by operating activities 249,163 250,741
Cash flows from investing activities:    
Additions to property and equipment (166,814) (257,658)
Net proceeds from sale of equipment 38,078 45,512
Business acquisition 0 (98,543)
Change in other assets 28 (15)
Net cash used in investing activities (128,708) (310,704)
Cash flows from financing activities:    
Proceeds from issuances of long-term debt 0 700,000
Payments on long-term debt 0 (250,000)
Proceeds from revolving lines of credit and other 220,607 730,618
Payments on revolving lines of credit and other (220,100) (1,045,100)
Purchase of treasury stock (75,193) 0
Stock repurchased for payroll taxes (3,627) (2,520)
Dividends paid (28,688) (28,272)
Net cash provided by/(used in) financing activities (107,001) 104,726
Net change in cash and cash equivalents 13,454 44,763
Cash and cash equivalents at beginning of period 35,000 7,600
Cash and cash equivalents at end of period 48,454 52,363
Supplemental disclosure of cash flow information:    
Interest 21,673 14,363
Income taxes 1,173 2,163
Noncash investing activities    
Accruals for equipment received $ 22,395 $ 49,639