Annual report pursuant to Section 13 and 15(d)

Statements Of Cash Flows

v3.6.0.2
Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 295,765 $ 304,690 $ 267,514
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 189,867 165,343 146,466
(Gain) loss on sale of property and equipment 168 (3,592) (716)
Deferred income taxes 34,808 43,642 25,544
Share-based compensation 1,410 0 0
Changes in assets and liabilities      
Customer and other receivables, net (11,176) (8,672) (54,443)
Prepaid expenses and other assets (21,227) (6,097) (4,316)
Accounts payable 22,442 21,460 8,526
Compensation, benefits and other accrued liabilities 4,965 14,699 13,672
Claims and insurance accruals 6,548 11,549 7,225
Income taxes, net 21,184 11,511 (36,758)
Other liabilities 20,829 (653) 18,960
Net cash provided by operating activities 565,583 553,880 391,674
Cash flows from investing activities:      
Purchase of property and equipment (417,941) (462,059) (367,680)
Proceeds from sale of property and equipment 10,541 24,442 21,866
Net cash used in investing activities (407,400) (437,617) (345,814)
Cash flows from financing activities:      
Principal payments under long-term debt agreements (26,488) (37,778) (35,715)
Net (payments) proceeds on revolving line of credit (2,342) 12,317 0
Payments for Repurchase of Common Stock (130,316) (114,117) (5,532)
Other financing activities, net (338) 0 0
Net cash (used in) provided by financing activities (159,484) (139,578) (41,247)
(Decrease) increase in cash and cash equivalents (1,301) (23,315) 4,613
Cash and cash equivalents at beginning of year 11,472 34,787 30,174
Cash and cash equivalents at end of year 10,171 11,472 34,787
Income taxes paid 123,395 130,058 176,221
Interest paid 6,417 8,414 9,710
Capitalized interest $ 2,262 $ 2,526 $ 2,884