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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities of continuing operations:      
Net earnings $ 304,768 $ 218,341 $ 237,871
Less: Loss from discontinued operations, net of tax (1,221) (1,884) (5,404)
Earnings from continuing operations 305,989 220,225 243,275
Depreciation expense 1,139,922 1,057,813 983,610
Gains on vehicles sales, net (117,809) (126,824) (96,175)
Share-based compensation expense 21,181 20,905 19,310
Pension lump sum settlement expense 0 97,231 0
Amortization expense and other non-cash charges, net 70,762 47,263 56,389
Deferred income tax expense 154,042 104,713 113,621
Changes in operating assets and liabilities, net of acquisitions:      
Receivables (40,323) (20,687) (14,272)
Inventories 1,448 (2,153) (841)
Prepaid expenses and other assets (292) (16,040) (23,114)
Accounts payable (74,381) 53,481 34,431
Accrued expenses and other non-current liabilities (18,751) (53,109) (64,423)
Net cash provided by operating activities from continuing operations 1,441,788 1,382,818 1,251,811
Cash flows from financing activities from continuing operations:      
Net change in commercial paper borrowings and revolving credit facilities 323,359 (221,082) 146,382
Debt proceeds 1,283,223 965,533 556,989
Debt repaid, including capital lease obligations (798,311) (293,488) (379,189)
Dividends on common stock (83,201) (74,871) (67,720)
Common stock issued 23,635 46,568 90,646
Common stock repurchased (6,141) (106,286) 0
Excess tax benefits from share-based compensation and other items (3,175) 700 5,151
Debt issuance costs (7,904) (5,424) (5,189)
Net cash provided by financing activities from continuing operations 731,485 311,650 347,070
Cash flows from investing activities from continuing operations:      
Purchases of property and revenue earning equipment (2,667,978) (2,259,164) (2,122,628)
Sales of revenue earning equipment 423,605 493,477 445,589
Sales of operating property and equipment 3,891 3,486 6,782
Acquisitions 0 (9,972) (1,858)
Collections on direct finance leases 70,980 65,517 70,677
Changes in restricted cash 8,147 3,396 (10,553)
Insurance recoveries and other 0 (1,250) 8,173
Net cash used in investing activities from continuing operations (2,161,355) (1,704,510) (1,603,818)
Effect of exchange rates on cash 37 297 5,558
Increase (decrease) in cash and cash equivalents from continuing operations 11,955 (9,745) 621
Decrease in cash and cash equivalents from discontinued operations (1,102) (1,725) (5,451)
Increase (decrease) in cash and cash equivalents 10,853 (11,470) (4,830)
Cash and cash equivalents at January 1 50,092 61,562 66,392
Cash and cash equivalents at December 31 $ 60,945 $ 50,092 $ 61,562