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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 760,806 $ 506,035 $ 516,320
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 557,093 527,375 499,145
Noncash lease expense 55,137 45,985 39,517
Share-based compensation 61,505 60,698 53,324
Loss on sale of revenue equipment and other 5,540 4,389 13,057
Deferred income taxes 53,420 (7,056) 55,617
Changes in operating assets and liabilities:      
Trade accounts receivable (382,216) (109,758) 50,310
Income taxes receivable or payable (30,633) 57,851 41,447
Other current assets (15,252) (18,038) (4,975)
Trade accounts payable 140,295 (5,482) (85,327)
Claims accruals 35,051 (9,072) (20,727)
Accrued payroll and other accrued expenses (16,848) 69,932 (59,361)
Net cash provided by operating activities 1,223,898 1,122,859 1,098,347
Cash flows from investing activities:      
Additions to property and equipment (947,563) (738,545) (854,115)
Proceeds from sale of equipment 70,545 137,776 165,918
Business acquisition 0 (12,136) (115,654)
Change in other assets 0 (52) (111)
Net cash used in investing activities (877,018) (612,957) (803,962)
Cash flows from financing activities:      
Proceeds from long-term debt 0 0 700,000
Payments on long-term debt 0 0 (250,000)
Proceeds from revolving lines of credit and other 0 222,124 1,591,014
Payments on revolving lines of credit and other 0 (220,100) (1,904,000)
Purchase of treasury stock (151,720) (92,548) (275,657)
Stock repurchased for payroll taxes and other (28,471) (26,842) (16,525)
Dividends paid (124,442) (114,234) (111,817)
Net cash used in financing activities (304,633) (231,600) (266,985)
Net increase in cash and cash equivalents 42,247 278,302 27,400
Cash and cash equivalents at beginning of year 313,302 35,000 7,600
Cash and cash equivalents at end of year 355,549 313,302 35,000
Supplemental disclosure of cash flow information:      
Interest 47,016 48,351 46,721
Income taxes 203,740 95,454 71,681
Noncash investing activities      
Accruals for equipment received $ 60,464 $ 12,533 $ 25,505