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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings $ 197,768 $ 243,325
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 175,812 148,763
Noncash lease expense 22,852 18,461
Share-based compensation 19,248 19,141
(Gain)/loss on sale of revenue equipment and other 6,038 (17,262)
Deferred income taxes 1,446 8,285
Changes in operating assets and liabilities:    
Trade accounts receivable 145,179 (232,920)
Other assets 52,886 35,734
Trade accounts payable (76,106) 86,959
Income taxes payable or receivable 52,951 33,688
Claims accruals 17,085 13,357
Accrued payroll and other accrued expenses (127,538) (65,746)
Net cash provided by operating activities 487,621 291,785
Cash flows from investing activities:    
Additions to property and equipment (461,314) (309,338)
Net proceeds from sale of equipment 81,483 20,212
Business acquisition 0 (86,939)
Net cash used in investing activities (379,831) (376,065)
Cash flows from financing activities:    
Proceeds from revolving lines of credit and other 945,400 0
Payments on revolving lines of credit and other (966,100) 0
Purchase of treasury stock (30,849) (75,018)
Stock repurchased for payroll taxes and other (11,980) (9,782)
Dividends paid (43,584) (41,940)
Net cash used in financing activities (107,113) (126,740)
Net change in cash and cash equivalents 677 (211,020)
Cash and cash equivalents at beginning of period 51,927 355,549
Cash and cash equivalents at end of period 52,604 144,529
Supplemental disclosure of cash flow information:    
Interest 24,577 20,974
Income taxes 7,455 22,153
Noncash investing activities    
Accruals for equipment received $ 134,578 $ 52,195