XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 263,366 $ 387,320
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 367,655 355,784
Noncash lease expense 51,129 46,844
Share-based compensation 37,564 39,845
Loss on sale of revenue equipment and other 12,482 9,558
Deferred income taxes (56,082) 58,264
Changes in operating assets and liabilities:    
Trade accounts receivable 83,248 241,832
Other assets 161,322 99,983
Trade accounts payable (59,768) (54,492)
Income taxes payable or receivable (22,693) 11,217
Claims accruals 17,857 12,365
Accrued payroll and other accrued expenses (29,059) (111,230)
Net cash provided by operating activities 827,021 1,097,290
Cash flows from investing activities:    
Additions to property and equipment (465,700) (1,058,970)
Net proceeds from sale of equipment 56,847 205,192
Business acquisition 3,785 0
Net cash used in investing activities (405,068) (853,778)
Cash flows from financing activities:    
Payments on long-term debt (250,000) 0
Proceeds from revolving lines of credit and other 1,345,400 2,093,600
Payments on revolving lines of credit and other (1,188,500) (1,911,100)
Purchase of treasury stock (228,285) (83,935)
Stock repurchased for payroll taxes and other (11,980) (10,963)
Dividends paid (88,427) (87,112)
Net cash provided by/(used in) financing activities (421,792) 490
Net change in cash and cash equivalents 161 244,002
Cash and cash equivalents at beginning of period 53,344 51,927
Cash and cash equivalents at end of period 53,505 295,929
Supplemental disclosure of cash flow information:    
Interest 43,484 29,935
Income taxes 177,080 56,313
Noncash investing activities    
Accruals for equipment received $ 91,958 $ 130,618