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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 245,217 $ 197,058 $ 182,999
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairments 0 13,992 20,124
Depreciation and amortization 57,722 49,369 41,600
Stock-based compensation 11,272 11,047 11,871
(Gain) loss on disposal of other assets (438) (4,343) 203
Gain from disposal activities (5,110) (1,102) (5,919)
Deferred income taxes (2,798) 10,138 12,341
(Increase) decrease (net of acquisitions and dispositions):      
Trade receivables, net (57,360) (105,961) (13,047)
Inventories (193,099) (168,847) (197,079)
Other assets (3,120) (13,305) (31,290)
Increase (decrease) (net of acquisitions and dispositions):      
Floor plan notes payable 20,273 16,385 7,035
Trade payables 20,008 16,449 674
Accrued liabilities 37,227 42,852 16,273
Other long-term liabilities and deferred revenue 19,062 27,173 33,766
Net cash provided by operating activities 148,856 90,905 79,551
Cash flows from investing activities:      
Capital expenditures (105,378) (100,761) (83,244)
Proceeds from sales of assets 15,201 2,211 270
Cash paid for other investments (8,570) (30,280) (28,110)
Cash paid for acquisitions, net of cash acquired (460,394) (234,700) (71,615)
Proceeds from sales of stores 20,943 11,837 12,966
Net cash used in investing activities (538,198) (351,693) (169,733)
Cash flows from financing activities:      
Borrowings on floor plan notes payable: non-trade, net 241,479 252,893 136,201
Borrowings on lines of credit 1,754,450 1,244,343 1,261,597
Repayments on lines of credit (1,836,167) (1,123,082) (1,298,120)
Principal payments on long-term debt, scheduled (18,218) (16,717) (15,404)
Principal payments on long-term debt and capital leases, other (50,288) (27,703) (9,189)
Proceeds from issuance of long-term debt 395,905 66,466 75,675
Payment of debt issuance costs (4,664) 0 0
Proceeds from issuance of common stock 7,509 6,932 6,065
Repurchase of common stock (33,753) (112,939) (31,548)
Dividends paid (26,544) (24,131) (19,985)
Other financing activity (33,396) 0 0
Net cash provided by financing activities 396,313 266,062 105,292
Increase in cash and cash equivalents 6,971 5,274 15,110
Cash and cash equivalents at beginning of year 50,282 45,008 29,898
Cash and cash equivalents at end of year 57,253 50,282 45,008
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 68,850 49,730 41,098
Cash paid during the period for income taxes, net 127,258 57,236 86,533
Floor plan debt paid in connection with store disposals 3,699 5,284 4,400
Supplemental schedule of non-cash activities:      
Debt issued in connection with acquisitions 1,748 0 2,160
Non-cash assets transferred in connection with acquisitions 0 2,637 0
Debt forgiven in connection with acquisitions 0 0 1,374
Debt assumed in connection with acquisitions 84,333 48,081 0
Acquisition of assets with capital leases 0 8,916 0
Issuance of Class A common stock in connection with acquisition $ 2,137 $ 0 $ 0