v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income $ 723,268 $ 684,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 322,764 300,349
Stock-based compensation expense 45,413 45,707
(Gain) loss on sales of assets and businesses (5,578) 2,833
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (137,907) (92,636)
Accrued interest (29) (4,532)
Accrued and deferred income taxes 29,759 (55,913)
Other working capital accounts (182,146) 25,324
Other assets and deferred charges (18,466) (22,404)
Other, net 10,753 16,143
Accrued insurance expense, net of commercial premiums paid 157,435 94,696
Payments made in settlement of self-insurance claims, net of commercial insurance reimbursements (100,335) (84,781)
Net cash provided by operating activities 844,931 909,026
Cash Flows from Investing Activities:    
Property and equipment additions (444,790) (505,040)
Proceeds received from sales of assets and businesses 15,732 2,980
Acquisition of businesses and property (4,857) (8,314)
Inflows (outflows) from foreign exchange contracts that hedge our net U.K. investment 12,011 (66,402)
Costs incurred for purchase and development of enterprise resource planning application (9,964) 0
Decrease (increase) in capital reserves of commercial insurance subsidiary 56 (462)
Net cash used in investing activities (431,812) (577,238)
Cash Flows from Financing Activities:    
Repayments of long-term debt (201,745) (18,548)
Additional borrowings 300,040 94,601
Financing costs (1,410) 0
Repurchase of common shares (484,601) (378,542)
Dividends paid (24,760) (26,434)
Issuance of common stock 8,659 8,137
Profit distributions to noncontrolling interests (11,889) (9,621)
Purchase of ownership interests by minority members, net 4,324 11,336
Net cash used in financing activities (411,382) (319,071)
Effect of exchange rate changes on cash and cash equivalents (676) 3,931
Increase in cash, cash equivalents and restricted cash 1,061 16,648
Cash, cash equivalents and restricted cash, beginning of period 271,322 224,752
Cash, cash equivalents and restricted cash, end of period 272,383 241,400
Supplemental Disclosures of Cash Flow Information:    
Interest paid 74,460 77,448
Income taxes paid, net of refunds 197,419 251,786
Noncash purchases of property and equipment $ 80,646 $ 148,887