v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net earnings $ 322,587 $ 246,364
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 360,020 356,456
Noncash lease expense 44,933 48,884
Share-based compensation 38,084 38,107
Loss on sale of revenue equipment and other 3,708 9,362
Deferred income taxes 3,203 (30,879)
Changes in operating assets and liabilities:    
Trade accounts receivable (300,900) 41,992
Other assets 56,005 65,101
Trade accounts payable 117,948 41,419
Income taxes payable or receivable 56,055 (4,793)
Claims accruals 17,125 20,894
Accrued payroll and other accrued expenses 4,498 (26,662)
Net cash provided by operating activities 723,266 806,245
Cash flows from investing activities:    
Additions to property and equipment (227,175) (462,291)
Net proceeds from sale of equipment 82,228 63,212
Net cash used in investing activities (144,947) (399,079)
Cash flows from financing activities:    
Proceeds from issuances of long-term debt 475,000 750,000
Payments on long-term debt (825,000) (500,000)
Proceeds from revolving lines of credit and other 930,800 1,666,600
Payments on revolving lines of credit and other (903,600) (1,676,202)
Purchase of treasury stock (177,831) (552,911)
Stock repurchased for payroll taxes and other (5,796) (4,098)
Dividends paid (85,014) (86,637)
Net cash used in financing activities (591,441) (403,248)
Net change in cash and cash equivalents (13,122) 3,918
Cash and cash equivalents at beginning of period 17,284 46,983
Cash and cash equivalents at end of period 4,162 50,901
Supplemental disclosure of cash flow information:    
Interest 43,626 32,568
Income taxes 38,559 121,026
Noncash investing activities    
Accruals for equipment received $ 42,966 $ 41,789