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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net income $ 1,324,487 $ 1,133,804 $ 1,037,691
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of property, equipment and intangibles 258,937 233,845 217,866
Amortization of debt discount and issuance costs 3,470 2,871 2,451
Deferred income taxes 20,160 (4,593) 10,394
Share-based compensation programs 20,176 19,401 18,859
Other 9,895 11,790 6,434
Changes in operating assets and liabilities:      
Accounts receivable 18,138 (27,742) (38,548)
Inventory (163,367) (231,802) (119,270)
Accounts payable 177,676 253,265 322,427
Income taxes payable 22,903 14,220 26,880
Accrued payroll 9,373 5,430 12,616
Accrued benefits and withholdings 28,022 3,042 (256)
Other (2,315) (9,844) 13,169
Net cash provided by operating activities 1,727,555 1,403,687 1,510,713
Investing activities:      
Purchases of property and equipment (504,268) (465,940) (476,344)
Proceeds from sale of property and equipment 4,784 4,464 5,119
Payments received on notes receivable 0 0 1,047
Other (34,818) (2,747) (58,918)
Net cash used in investing activities (534,302) (464,223) (529,096)
Financing activities:      
Proceeds from borrowings on revolving credit facility 2,414,000 3,101,000 0
Payments on revolving credit facility (2,473,000) (2,755,000) 0
Proceeds from the issuance of long-term debt 498,660 748,800 499,160
Payment of debt issuance costs (3,923) (7,590) (4,125)
Repurchases of common stock (1,714,013) (2,172,530) (1,505,437)
Net proceeds from issuance of common stock 72,146 45,762 59,634
Other (2,156) (156) (552)
Net cash used in financing activities (1,208,286) (1,039,714) (951,320)
Net (decrease) increase in cash and cash equivalents (15,033) (100,250) 30,297
Cash and cash equivalents at beginning of the year 46,348 146,598 116,301
Cash and cash equivalents at end of the year 31,315 46,348 146,598
Supplemental disclosures of cash flow information:      
Income taxes paid 311,376 496,728 569,677
Interest paid, net of capitalized interest $ 117,938 $ 77,766 $ 63,648