| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Operating Activities: | ||||||
Net Income (Loss) Attributable to Parent | ||||||
147,000 | 268,900 | 389,900 | 156,900 | 140,900 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
292,900 | 291,300 | 279,000 | 266,000 | 236,300 | ||
Goodwill, Impairment Loss | ||||||
34,600 | 2,000 | 0 | 0 | 6,000 | ||
Losses (gains) on sales of property and equipment—net | ||||||
3,300 | 8,400 | 10,800 | 18,300 | 28,100 | ||
Impairment on assets held for sale | ||||||
14,300 | 300 | 1,400 | - | - | ||
Proceeds from lease receipts | ||||||
-78,700 | 0 | 0 | - | - | ||
Deferred income taxes | ||||||
-200 | 62,200 | -152,000 | 75,600 | 86,700 | ||
WSL contingent consideration adjustment | ||||||
0 | 0 | -13,500 | 0 | 0 | ||
Long-term incentive and share-based compensation expense | ||||||
-3,600 | 22,800 | 17,000 | 18,300 | 16,600 | ||
Noncash restructuring—net | ||||||
50,000 | 0 | 0 | - | - | ||
Other noncash items | ||||||
-3,400 | 3,500 | 700 | 1,400 | 800 | ||
Changes in operating assets and liabilities: | ||||||
Receivables | ||||||
-119,900 | 62,800 | 63,300 | -1,100 | 14,100 | ||
Other assets | ||||||
3,300 | 9,000 | -300 | 4,900 | 0 | ||
Payables | ||||||
-35,300 | 3,000 | 16,000 | -600 | 32,400 | ||
Claims reserves and other receivables - net | ||||||
12,600 | -8,800 | 12,900 | - | - | ||
Increase (Decrease) in Operating Liabilities | ||||||
-46,200 | -9,100 | 10,900 | -37,400 | 9,700 | ||
Net cash provided by operating activities | ||||||
636,300 | 566,500 | 461,300 | 455,300 | 485,600 | ||
Investing Activities: | ||||||
Purchases of transportation equipment | ||||||
335,300 | 385,100 | 388,500 | 422,100 | 441,800 | ||
Purchases of other property and equipment | ||||||
61,700 | 36,900 | 33,400 | 37,000 | 41,000 | ||
Proceeds from sale of property and equipment | ||||||
90,100 | 90,500 | 70,000 | 52,000 | 70,400 | ||
Proceeds from lease receipts | ||||||
0 | 72,700 | 53,100 | 63,500 | 57,000 | ||
Proceeds from sale of off-lease inventory | ||||||
20,700 | 21,900 | 7,900 | - | - | ||
Purchases of lease equipment | ||||||
68,700 | 90,500 | 110,100 | 88,400 | 124,500 | ||
Proceeds from marketable securities | ||||||
22,100 | 9,900 | 10,500 | 11,100 | 15,200 | ||
Purchases of marketable securities | ||||||
17,400 | 20,100 | 0 | 14,200 | 18,600 | ||
Acquisition of businesses, net of cash acquired | ||||||
- | - | - | 78,200 | 0 | ||
Net cash used in investing activities | ||||||
-350,200 | -337,600 | -390,500 | -513,300 | -483,300 | ||
Financing Activities: | ||||||
Proceeds under revolving credit agreements | ||||||
- | - | - | 176,000 | 130,000 | ||
Payments under revolving credit agreements | ||||||
0 | 0 | 135,000 | 89,900 | 273,900 | ||
Proceeds from other debt | ||||||
- | - | - | 500 | 180,000 | ||
Payments of debt and finance lease obligations | ||||||
52,000 | 28,700 | 123,700 | 28,100 | 3,500 | ||
Payments of deferred consideration related to acquisition | ||||||
18,700 | 19,300 | 19,400 | - | - | ||
Payment of deferred consideration related to acquisition | ||||||
- | - | - | 0 | 0 | ||
Payments for Previous Acquisition | ||||||
- | - | - | 0 | - | ||
Proceeds from IPO—net of issuance costs | ||||||
0 | 0 | 340,600 | 0 | 0 | ||
Dividends paid | ||||||
42,500 | 40,700 | 25,500 | 31,300 | 25,200 | ||
Redemptions of redeemable common shares | ||||||
0 | 0 | 100 | 1,400 | 2,200 | ||
Proceeds from issuances of redeemable common shares | ||||||
- | - | - | 2,300 | 3,300 | ||
Net cash used in financing activities | ||||||
-113,200 | -88,700 | 36,900 | 28,100 | 8,500 | ||
Net increase in cash and cash equivalents | ||||||
172,900 | 140,200 | 107,700 | -29,900 | 10,800 | ||
Noncash investing and financing activity: | ||||||
Equipment purchases in accounts payable | ||||||
19,100 | 2,100 | 9,500 | 22,400 | 12,700 | ||
Costs in accounts payable related to our IPO | ||||||
- | - | - | 2,300 | 0 | ||
Ownership interest in Platform Science, Inc. | ||||||
0 | 3,500 | 0 | 0 | - | ||
Increase in redemption value of redeemable common shares | ||||||
0 | 0 | 126,600 | 110,000 | 113,200 | ||
Cash Paid During the Period For: | ||||||
Interest | ||||||
14,500 | 15,500 | 19,200 | 21,600 | 16,500 | ||
Income taxes—net of refunds | ||||||
51,600 | 39,000 | -4,200 | 5,000 | 30,500 | ||