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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:      
Net income $ 166,944 $ 168,148 $ 202,889
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 249,527 230,151 217,639
Deferred income taxes 16,401 37,694 (100,948)
Gain on disposal of property and equipment (21,557) (24,898) (6,798)
Non-cash equity compensation 8,077 7,394 4,546
Insurance and claims accruals, net of current portion 14,188 26,570 (5,605)
Other (3,360) (4,774) (11,957)
Changes in certain working capital items:      
Accounts receivable, net 15,081 (33,753) (42,802)
Other current assets 975 (9,979) 20,173
Accounts payable (7,537) 7,559 5,831
Other current liabilities (12,095) 14,047 (140)
Net cash provided by operating activities 426,644 418,159 282,828
Cash flows from investing activities:      
Additions to property and equipment (420,748) (519,872) (316,343)
Proceeds from sales of property and equipment 136,873 170,900 117,498
Decrease in notes receivable 11,566 20,898 20,037
Issuance of notes receivable 0 (3,300) (5,000)
Net cash used in investing activities (272,309) (331,374) (183,808)
Cash flows from financing activities:      
Repayments of short-term debt 0 (40,000) (45,000)
Proceeds from issuance of short-term debt 0 40,000 0
Repayments of long-term debt (100,000) (20,000) (60,000)
Proceeds from issuance of long-term debt 275,000 70,000 0
Change in net checks issued in excess of cash balances 0 (21,539) 21,539
Dividends on common stock (286,190) (23,013) (18,784)
Repurchases of common stock (42,301) (72,165) 0
Tax withholding related to net share settlements of restricted stock awards (1,899) (1,371) (1,632)
Stock options exercised 171 476 2,461
Net cash used in financing activities (155,219) (67,612) (101,416)
Effect of exchange rate fluctuations on cash 396 (374) 50
Net increase (decrease) in cash, cash equivalents and restricted cash (488) 18,799 (2,346)
Cash, cash equivalents and restricted cash, beginning of period 33,930 15,131 17,477
Cash, cash equivalents and restricted cash, end of period 33,442 33,930 15,131
Supplemental disclosures of cash flow information:      
Interest paid 6,441 2,690 2,491
Income taxes paid 49,599 11,355 22,088
Supplemental schedule of non-cash investing activities:      
Notes receivable issued upon sale of property and equipment 6,764 13,140 5,816
Change in fair value of interest rate swaps (651) 255 599
Property and equipment acquired included in accounts payable 21,138 16,748 3,227
Property and equipment disposed included in other receivables 18,600 674 654
Dividends accrued but not yet paid at end of period 6,232 6,340 5,069
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 26,418 33,930 13,626
Restricted cash included in other current assets 7,024 0 1,505
Cash, cash equivalents and restricted cash, end of period $ 33,442 $ 33,930 $ 15,131