| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
516,320 | 489,585 | 686,263 | 432,090 | 427,235 | 374,792 | 342,382 | 310,354 | 257,006 | 199,617 | 136,435 | 200,593 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
499,145 | 435,893 | 383,518 | 361,510 | 339,613 | 294,496 | 253,380 | 229,166 | 213,943 | 197,062 | 189,045 | 202,288 |
Noncash lease expense | |||||||||||
39,517 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Share-based compensation | |||||||||||
53,324 | 47,369 | 38,291 | 40,625 | 37,228 | 35,333 | 32,354 | 29,715 | 26,841 | 21,397 | 17,566 | 13,773 |
Loss on sale of revenue equipment and other | |||||||||||
-13,057 | -12,107 | -7,370 | -5,490 | 1,281 | 6,342 | 5,334 | 16,845 | 14,109 | -1,724 | 313 | -659 |
Advance deposit impairment | |||||||||||
0 | 0 | 20,240 | - | 0 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
55,617 | 101,591 | -248,764 | 50,414 | 80,427 | 79,343 | 48,076 | 20,795 | -117,711 | 40,101 | 32,620 | 19,513 |
Impairment on assets held for sale | |||||||||||
- | - | - | - | - | - | - | - | - | 180 | 10,284 | 3,934 |
Equity in operations of affiliated company | |||||||||||
- | - | - | - | - | - | - | - | - | - | -3,456 | 1,735 |
Trade accounts receivable | |||||||||||
-50,310 | 130,931 | 166,111 | 120,994 | -8,011 | 72,339 | 102,508 | 54,532 | 60,292 | -40,848 | -30,180 | 50,043 |
Other assets | |||||||||||
4,975 | 6,133 | -69,462 | 37,101 | 26,493 | 42,730 | 23,254 | 4,826 | -1,298 | -9,426 | 2,501 | 31,672 |
Trade accounts payable | |||||||||||
-85,327 | 98,037 | 85,237 | 60,818 | 8,600 | 15,284 | 11,530 | 15,097 | 56,179 | 1,883 | 13,891 | -16,460 |
Income taxes payable or receivable | |||||||||||
41,447 | -41,071 | -45,542 | 60,956 | 3,055 | -72,291 | -5,381 | 11,868 | -9,045 | -21,433 | -16,606 | 4,790 |
Claims accruals | |||||||||||
-20,727 | 21,580 | 25,021 | 5,524 | 7,502 | 28,498 | 20,779 | 5,078 | 9,722 | 14,096 | 450 | -1,307 |
Accrued payroll and other accrued expenses | |||||||||||
-59,361 | 59,814 | 168 | -5,189 | -10,589 | 12,735 | 2,327 | 2,174 | 18,348 | 27,173 | 4,060 | -4,769 |
Net cash provided by operating activities | |||||||||||
1,098,347 | 1,087,841 | 855,153 | 854,143 | 873,308 | 646,779 | 574,351 | 548,044 | 635,692 | 428,078 | 356,923 | 505,146 |
Cash flows from investing activities: | |||||||||||
Additions to property and equipment | |||||||||||
854,115 | 995,650 | 526,928 | 638,430 | 725,122 | 808,569 | 493,431 | 439,494 | 502,282 | 262,449 | 353,156 | 303,241 |
Net proceeds from sale of equipment | |||||||||||
165,918 | 110,165 | 16,413 | 153,174 | 168,686 | 148,859 | 50,927 | 69,815 | 56,413 | 36,517 | 111,383 | 92,360 |
Business acquisition | |||||||||||
115,654 | 0 | 136,879 | - | 0 | - | - | - | - | - | - | - |
Net proceeds from available for sale investments and other | |||||||||||
- | - | - | - | - | - | - | - | - | - | 7,646 | 6,275 |
Change in other assets | |||||||||||
111 | 1,288 | 3,888 | 132 | 20,096 | -29 | 37 | -85 | -340 | 84 | 9,824 | -2,302 |
Net cash used in investing activities | |||||||||||
-803,962 | -886,773 | -651,282 | -485,388 | -576,532 | -659,681 | -442,541 | -369,594 | -445,529 | -226,016 | -243,951 | -202,304 |
Cash flows from financing activities: | |||||||||||
Proceeds from issuances of long-term debt | |||||||||||
700,000 | 0 | 0 | - | 349,129 | 499,642 | 0 | - | 200,000 | 249,207 | - | - |
Payments on long-term debt | |||||||||||
250,000 | 0 | 0 | - | 250,000 | 250,000 | 100,000 | 50,000 | 200,000 | - | 68,500 | 14,000 |
Proceeds from revolving lines of credit and other | |||||||||||
1,591,014 | 3,204,715 | 2,716,155 | 1,715,427 | 2,110,800 | 2,092,193 | 1,933,753 | 1,605,674 | 1,097,657 | 1,058,805 | 1,256,644 | 1,584,600 |
Payments on revolving lines of credit and other | |||||||||||
1,904,000 | 3,137,900 | 2,612,501 | 1,724,365 | 2,138,466 | 2,110,749 | 1,811,177 | 1,618,233 | 1,000,696 | 1,218,420 | 1,255,300 | 1,857,668 |
Purchase of treasury stock | |||||||||||
275,657 | 150,338 | 179,813 | 249,760 | 262,275 | 125,000 | 114,723 | 50,000 | 246,406 | 250,892 | - | - |
Stock repurchased for payroll taxes | |||||||||||
16,525 | 19,563 | 18,115 | 18,641 | 24,850 | 23,419 | 17,963 | 13,651 | 7,703 | - | - | - |
Stock option exercises and other | |||||||||||
- | - | - | 1,341 | 2,978 | 7,324 | 9,403 | 11,240 | 11,465 | 6,802 | 5,144 | 6,933 |
Tax benefit of stock options exercised and restricted shares issued | |||||||||||
- | - | - | 7,044 | 12,877 | 16,645 | 21,950 | 20,090 | 15,562 | 12,154 | 10,202 | 14,853 |
Dividends paid | |||||||||||
111,817 | 104,994 | 101,362 | 98,990 | 97,364 | 93,604 | 52,811 | 83,431 | 62,243 | 59,910 | 55,692 | 50,144 |
Net cash provided by/(used in) financing activities | |||||||||||
-266,985 | -208,080 | -195,636 | -367,944 | -297,171 | 13,032 | -131,568 | -178,311 | -192,364 | -202,254 | -107,502 | -315,426 |
Net change in cash and cash equivalents | |||||||||||
27,400 | -7,012 | 8,235 | 811 | -395 | 130 | 242 | 139 | -2,201 | -192 | 5,470 | -12,584 |
Supplemental disclosure of cash flow information: | |||||||||||
Interest | |||||||||||
46,721 | 39,901 | 28,785 | 24,800 | 27,245 | 26,685 | 24,722 | 27,070 | 30,733 | 25,548 | 27,995 | 35,495 |
Income taxes | |||||||||||
71,681 | 83,822 | 190,783 | 143,634 | 163,304 | 192,955 | 141,968 | 132,096 | 16,377 | 88,717 | 58,223 | 81,934 |
Noncash investing activities | |||||||||||
Accruals for equipment received | |||||||||||
25,505 | 49,390 | 53,026 | 13,522 | 32,038 | - | - | - | - | - | - | - |