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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 103,927 $ 91,698
Adjustments to reconcile net income to net cash provided by operating activities:    
Asset impairments 0 6,996
Depreciation and amortization 26,770 24,166
Stock-based compensation 5,432 6,018
(Gain) loss on disposal of other assets 256 (4,512)
Gain on disposal of franchise 0 (1,102)
Deferred income taxes (1,156) 5,704
(Increase) decrease (net of acquisitions and dispositions):    
Trade receivables, net 70,908 6,564
Inventories (36,078) (114,052)
Other assets 479 5,652
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 1,330 8,685
Trade payables 414 6,678
Accrued liabilities (3,684) 17,595
Other long-term liabilities and deferred revenue 9,957 10,668
Net cash provided by operating activities 178,555 70,758
Cash flows from investing activities:    
Capital expenditures (32,266) (43,247)
Proceeds from sales of assets 2,870 197
Cash paid for other investments (7,748) (16,690)
Cash paid for acquisitions, net of cash acquired (88,075) (18,807)
Proceeds from sales of stores 0 11,837
Net cash used in investing activities (125,219) (66,710)
Cash flows from financing activities:    
(Repayments) borrowings on floor plan notes payable, net: non-trade (32,124) 58,622
Borrowings on lines of credit 773,500 487,623
Repayments on lines of credit (808,846) (468,955)
Proceeds from issuance of long-term debt 74,065 12,080
Proceeds from issuance of common stock 3,519 3,329
Repurchase of common stock (24,913) (104,858)
Dividends paid (13,052) (11,524)
Net cash used in financing activities (72,441) (34,012)
Decrease in cash and cash equivalents (19,105) (29,964)
Cash and cash equivalents at beginning of period 50,282 45,008
Cash and cash equivalents at end of period 31,177 15,044
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 33,476 24,960
Cash paid during the period for income taxes, net 62,274 9,684
Floor plan debt paid in connection with store disposals 0 5,284
Supplemental schedule of non-cash activities:    
Debt issued in connection with acquisitions 1,748 0
Non-cash assets transferred in connection with acquisitions 0 2,637
Debt assumed in connection with acquisitions 11,837 0
Issuance of class A common stock in connection with acquisitions 2,137 0
Principal payments on long-term debt and capital leases, scheduled    
Cash flows from financing activities:    
Principal payments on long-term debt (8,825) (8,026)
Principal payments on long-term debt and capital leases, other    
Cash flows from financing activities:    
Principal payments on long-term debt $ (35,765) $ (2,303)