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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 415,432 $ 574,752
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 555,637 543,498
Noncash lease expense 75,737 71,766
Share-based compensation 57,376 60,518
Net loss on sale of revenue equipment and other assets 13,305 17,244
Deferred income taxes (74,380) 65,989
Changes in operating assets and liabilities:    
Trade accounts receivable 71,991 224,387
Other assets 191,020 165,622
Trade accounts payable (107,615) (7,564)
Income taxes payable or receivable (15,234) (2,366)
Claims accruals 31,943 (8,510)
Accrued payroll and other accrued expenses (49,692) (175,724)
Net cash provided by operating activities 1,165,520 1,529,612
Cash flows from investing activities:    
Additions to property and equipment (641,083) (1,558,587)
Proceeds from sale of equipment 153,016 238,682
Proceeds from sale of investment 6,768 0
Business acquisitions 3,785 (85,000)
Net cash used in investing activities (477,514) (1,404,905)
Cash flows from financing activities:    
Payments on long-term debt (250,000) 0
Proceeds from revolving lines of credit and other 2,255,300 2,093,600
Payments on revolving lines of credit and other (2,050,300) (1,911,100)
Purchase of treasury stock (428,283) (135,036)
Stock repurchased for payroll taxes and other (15,952) (18,356)
Dividends paid (132,113) (130,544)
Net cash used in financing activities (621,348) (101,436)
Net change in cash and cash equivalents 66,658 23,271
Cash and cash equivalents at beginning of period 53,344 51,927
Cash and cash equivalents at end of period 120,002 75,198
Supplemental disclosure of cash flow information:    
Interest 71,548 56,189
Income taxes 242,602 115,145
Noncash investing activities    
Accruals for equipment received $ 88,395 $ 75,348