| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||
Net income | ||||||||||||
540,800 | 629,400 | 963,900 | 479,900 | 485,300 | 504,300 | 353,300 | 379,400 | 331,900 | 180,000 | 68,100 | 182,100 | 154,200 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
350,700 | 346,700 | 320,900 | 305,000 | 284,600 | 258,100 | 223,300 | 198,800 | 186,200 | 184,900 | 181,600 | 167,800 | 159,000 |
Deferred income taxes | ||||||||||||
53,100 | 91,700 | -301,300 | 104,800 | 135,800 | 140,100 | 111,200 | 197,300 | 120,700 | 106,200 | 30,900 | 63,100 | 66,300 |
Equity in net earnings of affiliates | ||||||||||||
1,000 | 2,600 | 11,500 | 14,600 | 18,300 | 21,100 | 18,800 | 19,300 | 18,200 | 19,700 | 7,700 | 18,000 | 11,400 |
Share-based compensation | ||||||||||||
23,100 | 20,400 | 18,200 | 19,200 | 11,400 | 10,000 | 13,600 | 10,700 | 8,500 | 8,800 | 9,900 | 7,400 | 11,100 |
Excess tax benefit from share-based compensation | ||||||||||||
- | - | - | - | - | -700 | 4,200 | 31,500 | 200 | 1,200 | 1,500 | 5,600 | -2,400 |
Deferred compensation | ||||||||||||
- | - | - | - | - | - | - | - | 19,500 | 1,600 | 3,200 | -1,900 | -2,100 |
Elimination of deferred statutory profit sharing liability | ||||||||||||
- | - | - | - | - | - | - | 47,800 | 0 | 0 | - | - | - |
Distributions from affiliates | ||||||||||||
7,000 | 5,500 | 12,500 | 13,000 | 16,500 | 25,500 | 12,500 | 19,800 | 18,100 | 19,500 | 7,300 | 18,900 | 4,000 |
Debt retirement and exchange costs | ||||||||||||
- | - | - | - | -7,600 | -6,600 | -119,200 | - | - | - | - | - | - |
Settlement of foreign currency derivative instruments | ||||||||||||
-11,900 | -13,900 | 10,800 | 58,400 | 5,500 | - | - | - | - | - | - | - | - |
(Gain) loss on foreign currency derivative instruments | ||||||||||||
14,100 | 6,300 | 38,200 | -53,500 | -47,200 | -4,300 | 0 | - | - | - | - | - | - |
Mexican fuel excise tax credit | ||||||||||||
- | - | - | 62,800 | 0 | 0 | - | - | - | - | - | - | - |
Restructuring charges | ||||||||||||
168,800 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Cash payments for restructuring charges | ||||||||||||
6,300 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Settlement of treasury lock agreements | ||||||||||||
25,800 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Gain on insurance recoveries related to hurricane damage | ||||||||||||
0 | 17,900 | 0 | 0 | - | - | - | - | 25,600 | 0 | 0 | - | - |
Cash payments related to hurricane damage | ||||||||||||
- | - | - | - | - | - | - | - | 3,300 | 27,800 | 0 | - | - |
Insurance proceeds related to hurricane damage | ||||||||||||
0 | 17,900 | 0 | 0 | - | - | - | - | 40,200 | 8,200 | 0 | - | - |
Deemed mandatory repatriation tax | ||||||||||||
0 | -18,700 | 41,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain on sale of assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 3,800 | 3,400 | -5,700 |
Debt retirement costs | ||||||||||||
- | - | - | - | - | - | - | -20,100 | -38,700 | -68,300 | -5,900 | -5,600 | -6,900 |
Changes in working capital items: | ||||||||||||
Accounts receivable | ||||||||||||
-36,400 | 68,400 | 46,700 | 18,300 | -12,000 | -17,200 | 14,400 | 21,500 | 1,500 | 20,200 | -23,300 | -52,600 | 81,000 |
Materials and supplies | ||||||||||||
-500 | 4,500 | -1,400 | 14,200 | 26,200 | -9,200 | -7,100 | 9,300 | 7,200 | -6,300 | 12,300 | 6,000 | -12,400 |
Other current assets | ||||||||||||
56,800 | 41,100 | 68,600 | -9,900 | 10,100 | 10,000 | 1,800 | 15,100 | 26,800 | 4,800 | -8,600 | 8,000 | 900 |
Accounts payable and accrued liabilities | ||||||||||||
10,500 | -18,200 | 160,400 | 101,800 | -27,100 | -26,100 | 300 | -3,000 | -7,500 | 22,000 | -19,900 | -42,800 | -65,400 |
Other, net | ||||||||||||
4,700 | -2,100 | -13,100 | 200 | -4,000 | -12,800 | 3,000 | 5,400 | 35,500 | 35,800 | 3,100 | -2,400 | -16,200 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | ||||||||||||
1,103,500 | 945,700 | 1,028,400 | 919,000 | 909,200 | 906,000 | 798,300 | 673,200 | 638,000 | 496,300 | 290,500 | 409,400 | 367,800 |
Investing activities: | ||||||||||||
Capital expenditures | ||||||||||||
587,200 | 520,300 | 585,400 | 563,600 | 688,000 | 668,200 | 594,800 | 517,100 | 482,200 | 287,300 | 346,800 | 530,200 | 396,800 |
Purchase or replacement of assets under operating leases | ||||||||||||
39,000 | 98,900 | 42,600 | 26,600 | 144,200 | 302,100 | 211,800 | 22,900 | 12,800 | - | - | - | - |
Acquisition of an intermodal facility, net of cash acquired | ||||||||||||
- | - | - | - | - | - | - | - | - | 25,000 | 0 | - | - |
Property investments in MSLLC | ||||||||||||
27,500 | 26,100 | 26,000 | 33,100 | 17,400 | 26,700 | 31,600 | 35,200 | 33,300 | 25,200 | 22,000 | 30,400 | -118,000 |
Investments in and advances to affiliates | ||||||||||||
36,700 | 19,200 | 20,400 | 900 | 700 | - | - | - | - | - | - | - | - |
Contributions from noncontrolling interest | ||||||||||||
- | - | - | - | - | - | - | - | 10,000 | 0 | 0 | 27,000 | 143,400 |
Insurance proceeds related to hurricane damage | ||||||||||||
0 | 7,600 | 0 | 0 | - | - | - | - | 12,400 | 1,800 | 0 | - | - |
Proceeds from disposal of property | ||||||||||||
22,100 | 8,700 | 8,800 | 5,000 | 4,600 | - | 8,200 | 14,700 | 10,000 | 8,300 | 13,900 | 20,900 | 16,600 |
Proceeds and repayments from loans to equity affiliates | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 14,400 |
Other, net | ||||||||||||
8,000 | 3,700 | 15,500 | 9,000 | 27,300 | -14,100 | 3,300 | -8,600 | 14,500 | -15,900 | -10,900 | 21,700 | 26,400 |
Net cash used | ||||||||||||
-676,300 | -651,900 | -681,100 | -628,200 | -873,000 | -982,900 | -833,300 | -551,900 | -510,400 | -311,500 | -344,000 | -534,400 | -366,800 |
Financing activities: | ||||||||||||
Net short-term borrowings | ||||||||||||
0 | -348,100 | 159,000 | 100,800 | - | - | - | - | - | - | - | - | - |
Proceeds from short-term borrowings | ||||||||||||
- | - | - | - | 10,866,200 | 15,368,800 | 0 | 0 | - | - | - | - | - |
Repayment of short-term borrowings | ||||||||||||
- | - | - | - | 11,237,300 | 14,920,200 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of long-term debt | ||||||||||||
847,500 | 499,400 | 0 | 248,700 | 623,700 | 175,000 | 1,918,400 | 329,600 | 550,000 | 480,700 | 202,100 | 580,100 | 326,600 |
Repayment of long-term debt | ||||||||||||
285,000 | 81,500 | 25,400 | 276,400 | 149,800 | 508,000 | 1,343,200 | 375,900 | 653,300 | 839,700 | 319,100 | 262,800 | 311,300 |
Dividends paid | ||||||||||||
144,300 | 147,500 | 142,500 | 142,800 | 140,100 | 116,600 | 71,200 | 86,100 | 3,000 | 11,000 | - | - | - |
Shares repurchased | ||||||||||||
792,500 | 243,500 | 375,600 | 185,400 | 194,200 | 0 | 0 | - | - | - | - | - | - |
Debt costs | ||||||||||||
11,600 | 8,000 | 0 | 2,600 | 20,300 | 4,900 | 117,800 | 22,100 | 36,600 | 65,100 | 9,300 | 16,900 | 19,600 |
Proceeds from common stock issuance | ||||||||||||
- | - | - | - | - | - | - | - | - | 214,900 | 73,900 | - | 0 |
Excess tax benefit from share-based compensation | ||||||||||||
- | - | - | - | - | -700 | 4,200 | 31,500 | 200 | 1,200 | 1,500 | 5,600 | 2,400 |
Proceeds from employee stock plans | ||||||||||||
7,000 | 1,800 | 700 | 900 | 4,200 | 2,000 | 1,500 | 1,900 | 2,100 | 2,100 | 3,000 | 8,600 | 700 |
Net cash used for financing activities | ||||||||||||
-378,900 | -327,400 | -383,800 | -256,800 | -247,600 | -4,600 | 391,900 | -121,100 | -140,600 | -216,900 | -58,900 | 299,400 | -24,500 |
Preferred stock dividends paid | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 11,000 | 15,200 | 23,300 |
Net increase (decrease) during each year | ||||||||||||
48,300 | -33,600 | -36,500 | 34,000 | -211,400 | -81,500 | 356,900 | 200 | -13,000 | -32,100 | -112,400 | 174,400 | -23,500 |
Supplemental cash flow information | ||||||||||||
Non-cash investing and financing activities: | ||||||||||||
Capital expenditures and purchase or replacement of assets under operating lease accrued but not yet paid at end of year | ||||||||||||
24,000 | 26,900 | 34,900 | 60,800 | 40,400 | 83,200 | 50,100 | 44,400 | 61,700 | 57,100 | 24,900 | 91,200 | 48,500 |
Other investing activities accrued but not yet paid at the end of the year | ||||||||||||
31,200 | 53,800 | 56,700 | 38,300 | 22,300 | - | - | - | - | - | - | - | - |
Capital lease obligations incurred | ||||||||||||
- | - | - | 2,400 | 4,700 | 9,100 | 0 | 13,800 | 700 | 3,700 | 0 | 13,100 | 7,200 |
Non-cash asset acquisitions | ||||||||||||
500 | 700 | 100 | 4,800 | 7,600 | 5,900 | 56,700 | 13,200 | 116,100 | 7,300 | 21,300 | 21,800 | 0 |
Cash payments: | ||||||||||||
Property contribution from NS for MSLLC | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Property contribution from noncontrolling interest | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 9,600 | 3,500 | 10,300 |
Interest paid, net of amounts capitalized | ||||||||||||
110,500 | 105,000 | 97,900 | 84,300 | 81,100 | 72,500 | 84,100 | 97,900 | 125,000 | 153,000 | 174,000 | 136,800 | 141,500 |
Income tax payments, net of refunds | ||||||||||||
170,500 | 221,000 | 51,100 | 40,500 | 40,300 | 62,900 | 99,200 | 1,900 | 900 | 1,600 | 3,500 | 1,500 | 13,600 |