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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings $ 318,768 $ 226,532
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 276,916 260,393
Noncash lease expense 25,411 23,553
Share-based compensation 31,466 34,065
Loss on sale of revenue equipment and other 2,359 2,442
Deferred income taxes 36,945 621
Changes in operating assets and liabilities:    
Trade accounts receivable (169,521) 61,193
Other assets 85,657 (26,446)
Trade accounts payable 49,273 10,526
Income taxes payable or receivable (26,359) 46,964
Claims accruals 7,359 (9,060)
Accrued payroll and other accrued expenses 30,474 9,167
Net cash provided by operating activities 668,748 639,950
Cash flows from investing activities:    
Additions to property and equipment (306,727) (342,309)
Net proceeds from sale of equipment 46,016 77,695
Changes in other assets (88) 88
Net cash used in investing activities (260,799) (264,526)
Cash flows from financing activities:    
Proceeds from revolving lines of credit and other 1,011 221,113
Payments on revolving lines of credit and other 0 (220,100)
Purchase of treasury stock (86,580) (75,193)
Stock repurchased for payroll taxes and other (3,463) (4,415)
Dividends paid (61,301) (57,175)
Net cash used in financing activities (150,333) (135,770)
Net change in cash and cash equivalents 257,616 239,654
Cash and cash equivalents at beginning of period 313,302 35,000
Cash and cash equivalents at end of period 570,918 274,654
Supplemental disclosure of cash flow information:    
Interest 24,341 29,771
Income taxes 92,368 31,319
Noncash investing activities    
Accruals for equipment received $ 50,606 $ 22,344