XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 12,318 $ 21,988
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 212,990 218,526
Deferred income taxes 8,557 (26,133)
Gain on disposal of property and equipment (13,308) (8,848)
Non-cash equity compensation 7,695 7,071
Insurance and claims accruals, net of current portion (44,777) (11,508)
Loss (gain) on investments in equity securities (3) 227
Earnings from equity method investment (553) (21)
Gain on contingent earnout liability settlement (7,815) 0
Other (15,435) (10,509)
Changes in certain working capital items:    
Accounts receivable, net (45,838) 60,921
Other current assets (7,585) 18,007
Accounts payable 11,445 (9,821)
Other current liabilities 1,848 (1,200)
Net cash provided by operating activities 119,539 258,700
Cash flows from investing activities:    
Additions to property and equipment (164,554) (332,999)
Proceeds from sales of property and equipment 71,254 126,894
Investment in equity securities (6,032) (32)
Payments to acquire equity method investment (3,060) (2,360)
Collections of notes receivable 2,626 2,028
Net cash used in investing activities (99,766) (206,469)
Cash flows from financing activities:    
Repayments of short-term debt (35,000) (72,500)
Proceeds from issuance of short-term debt 30,000 70,000
Repayments of long-term debt (320,000) (156,250)
Proceeds from issuance of long-term debt 400,000 200,000
Dividends on common stock (25,705) (26,413)
Repurchases of common stock (55,562) (67,086)
Tax withholding related to net share settlements of restricted stock awards (1,939) (4,172)
Other (2,732) 0
Net cash used in financing activities (10,938) (56,421)
Effect of exchange rate fluctuations on cash 1,397 (2,873)
Net increase (decrease) in cash and cash equivalents 10,232 (7,063)
Cash and cash equivalents, beginning of period 40,752 61,723
Cash and cash equivalents, end of period 50,984 54,660
Supplemental disclosures of cash flow information:    
Interest paid 30,518 27,403
Income taxes paid 38,675 14,847
Supplemental schedule of non-cash investing and financing activities:    
Notes receivable issued upon sale of property and equipment 1,812 1,795
Change in fair value of interest rate swaps (2,016) (5,742)
Property and equipment acquired included in accounts payable 24,502 52,480
Dividends accrued but not yet paid at end of period $ 8,376 $ 8,653