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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net earnings $ 728,287 $ 969,351 $ 760,806
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 737,954 644,520 557,093
Noncash lease expense 97,666 83,797 55,137
Share-based compensation 79,189 77,535 61,505
(Gain)/loss on sale of revenue equipment and other 27,806 (25,422) 5,540
Deferred income taxes 15,677 175,089 53,420
Changes in operating assets and liabilities:      
Trade accounts receivable 259,449 (13,950) (382,216)
Income taxes receivable or payable 62,054 (69,025) (30,633)
Other current assets (39,351) (83,892) (15,252)
Trade accounts payable (48,346) (23,838) 140,295
Claims accruals 18,429 117,887 35,051
Accrued payroll and other accrued expenses (194,196) (75,170) (16,848)
Net cash provided by operating activities 1,744,618 1,776,882 1,223,898
Cash flows from investing activities:      
Additions to property and equipment (1,862,431) (1,540,796) (947,563)
Proceeds from sale of equipment 262,216 108,901 70,545
Business acquisitions (85,000) (118,175) 0
Net cash used in investing activities (1,685,215) (1,550,070) (877,018)
Cash flows from financing activities:      
Payments on long-term debt 0 (350,000) 0
Proceeds from revolving lines of credit and other 2,223,600 1,738,100 0
Payments on revolving lines of credit and other (1,911,100) (1,420,600) 0
Purchase of treasury stock (159,576) (300,030) (151,720)
Stock repurchased for payroll taxes and other (37,012) (31,180) (28,471)
Dividends paid (173,898) (166,724) (124,442)
Net cash used in financing activities (57,986) (530,434) (304,633)
Net (decrease)/increase in cash and cash equivalents 1,417 (303,622) 42,247
Cash and cash equivalents at beginning of year 51,927 355,549 313,302
Cash and cash equivalents at end of year 53,344 51,927 355,549
Supplemental disclosure of cash flow information:      
Interest 65,561 50,433 47,016
Income taxes 135,385 195,827 203,740
Noncash investing activities      
Accruals for equipment received $ 44,692 $ 107,474 $ 60,464