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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 245,580 $ 261,478 $ 169,078
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 279,923 267,700 263,286
Deferred income taxes 42,553 29,488 (10,233)
Gain on disposal of property and equipment (88,564) (60,528) (11,271)
Non-cash equity compensation 12,486 10,807 8,903
Insurance and claims accruals, net of current portion 7,726 5,582 3,420
Gain on investments in equity securities, net (12,195) (40,317) 0
Other (13,295) (3,105) 13,641
Changes in certain working capital items:      
Accounts receivable, net 3,174 (101,007) (18,258)
Other current assets (18,333) (27,903) (7,390)
Accounts payable (3,665) 14,742 (2,483)
Other current liabilities (6,679) (24,118) 37,216
Net cash provided by operating activities 448,711 332,819 445,909
Cash flows from investing activities:      
Additions to property and equipment (507,252) (370,850) (413,065)
Proceeds from sales of property and equipment 189,673 177,801 146,824
Net cash invested in acquisitions (184,118) (201,845) 0
Investment in equity securities (20,250) (10,000) (5,000)
Decrease in notes receivable 7,614 7,593 7,966
Net cash used in investing activities (514,333) (397,301) (263,275)
Cash flows from financing activities:      
Repayments of short-term debt (3,750) (27,500) (90,000)
Proceeds from issuance of short-term debt 0 5,000 40,000
Repayments of long-term debt (100,000) 0 (50,000)
Proceeds from issuance of long-term debt 370,000 250,000 0
Dividends on common stock (32,162) (29,083) (24,888)
Repurchases of common stock (110,400) (104,444) (56,521)
Tax withholding related to net share settlements of restricted stock awards (4,082) (4,270) (4,553)
Distribution to noncontrolling interest (1,572) (35) 0
Net cash provided by (used in) financing activities 118,034 89,668 (185,962)
Effect of exchange rate fluctuations on cash 632 (324) (780)
Net increase (decrease) in cash and cash equivalents 53,044 24,862 (4,108)
Cash and cash equivalents, beginning of period 54,196 29,334 33,442
Cash and cash equivalents, end of period 107,240 54,196 29,334
Supplemental disclosures of cash flow information:      
Interest paid 11,186 4,228 4,415
Income taxes paid 40,313 81,185 54,173
Supplemental schedule of non-cash investing and financing activities:      
Notes receivable issued upon sale of property and equipment 5,577 5,953 3,441
Change in fair value of interest rate swaps 6,886 3,610 (5,238)
Property and equipment acquired included in accounts payable 5,937 7,124 12,250
Property and equipment disposed included in other receivables 110 0 30
Dividends accrued but not yet paid at end of period 8,220 7,895 6,114
Noncontrolling interest associated with acquisition 0 33,556 0
Contingent consideration associated with acquisition $ 13,400 $ 2,500 $ 0