XML 46 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 371,644 $ 400,904
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 370,728 321,807
Noncash lease expense 28,731 0
Share-based compensation 42,154 37,184
Loss on sale of revenue equipment and other 9,085 8,441
Deferred income taxes 644 (23,442)
Changes in operating assets and liabilities:    
Trade accounts receivable 9,579 (174,871)
Other assets 16,356 4,647
Trade accounts payable 64,578 77,257
Income taxes payable or receivable 89,975 72,926
Claims accruals (4,749) 25,043
Accrued payroll and other accrued expenses (61,130) 27,707
Net cash provided by operating activities 937,595 777,603
Cash flows from investing activities:    
Additions to property and equipment (722,371) (676,097)
Net proceeds from sale of equipment 135,764 91,120
Business acquisition (98,232) 0
Changes in other assets (77) (1,278)
Net cash used in investing activities (684,916) (586,255)
Cash flows from financing activities:    
Proceeds from issuances of long-term debt 700,000 0
Payments on long-term debt (250,000) 0
Proceeds from revolving lines of credit and other 1,590,506 2,407,462
Payments on revolving lines of credit and other (1,904,000) (2,409,000)
Purchase of treasury stock (225,680) (100,027)
Stock repurchased for payroll taxes and other (11,886) (18,023)
Dividends paid (84,087) (78,785)
Net cash used in financing activities (185,147) (198,373)
Net change in cash and cash equivalents 67,532 (7,025)
Cash and cash equivalents at beginning of period 7,600 14,612
Cash and cash equivalents at end of period 75,132 7,587
Supplemental disclosure of cash flow information:    
Interest 42,111 31,479
Income taxes 33,738 81,334
Noncash investing activities    
Accruals for equipment received $ 26,934 $ 30,843