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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net earnings $ 243,325 $ 146,606
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 148,763 137,545
Noncash lease expense 18,461 12,296
Share-based compensation 19,141 14,967
(Gain)/loss on sale of revenue equipment and other (17,262) 1,147
Deferred income taxes 8,285 30,996
Changes in operating assets and liabilities:    
Trade accounts receivable (232,920) (94,759)
Other assets 35,734 46,385
Trade accounts payable 86,959 43,280
Income taxes payable or receivable 33,688 12,156
Claims accruals 13,357 2,242
Accrued payroll and other accrued expenses (65,746) 11,797
Net cash provided by operating activities 291,785 364,658
Cash flows from investing activities:    
Additions to property and equipment (309,338) (108,775)
Net proceeds from sale of equipment 20,212 22,921
Business acquisition (86,939) 0
Changes in other assets 0 4
Net cash used in investing activities (376,065) (85,850)
Cash flows from financing activities:    
Proceeds from revolving lines of credit and other 0 505
Purchase of treasury stock (75,018) (5,239)
Stock repurchased for payroll taxes and other (9,782) (4,809)
Dividends paid (41,940) (29,597)
Net cash used in financing activities (126,740) (39,140)
Net change in cash and cash equivalents (211,020) 239,668
Cash and cash equivalents at beginning of period 355,549 313,302
Cash and cash equivalents at end of period 144,529 552,970
Supplemental disclosure of cash flow information:    
Interest 20,974 21,343
Income taxes 22,153 3,779
Noncash investing activities    
Accruals for equipment received $ 52,195 $ 23,630