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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 112,721 $ 103,927
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 35,675 26,770
Stock-based compensation 6,837 5,432
(Gain) loss on disposal of other assets (78) 256
Loss on disposal of franchise 380 0
Deferred income taxes 345 (1,156)
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net 47,915 70,908
Inventories (35,530) (36,078)
Other assets 20,588 479
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 15,056 1,330
Trade payables 2,929 414
Accrued liabilities 5,463 (3,684)
Other long-term liabilities and deferred revenue 24,030 9,957
Net cash provided by operating activities 236,331 178,555
Cash flows from investing activities:    
Capital expenditures (72,373) (32,266)
Proceeds from sales of assets 1,803 2,870
Cash paid for other investments (7,066) (7,748)
Cash paid for acquisitions, net of cash acquired (374,664) (88,075)
Proceeds from sales of stores 839 0
Net cash used in investing activities (451,461) (125,219)
Cash flows from financing activities:    
Borrowings (repayments) on floor plan notes payable, net: non-trade 85,763 (32,124)
Borrowings on lines of credit 1,353,290 773,500
Repayments on lines of credit (1,254,127) (808,846)
Principal payments on long-term debt and capital leases, scheduled (9,565) (8,825)
Principal payments on long-term debt and capital leases, other (5,305) (35,765)
Proceeds from issuance of long-term debt 62,140 74,065
Payments of debt issuance costs (205) 0
Proceeds from issuance of common stock 4,514 3,519
Repurchase of common stock (33,927) (24,913)
Dividends paid (13,938) (13,052)
Payments of contingent consideration related to acquisitions (772) 0
Net cash provided by (used in) financing activities 187,868 (72,441)
Decrease in cash and cash equivalents (27,262) (19,105)
Cash and cash equivalents at beginning of period 57,253 50,282
Cash and cash equivalents at end of period 29,991 31,177
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 54,675 33,476
Cash paid during the period for income taxes, net 2,296 62,274
Floor plan debt paid in connection with store disposals 5,158 0
Supplemental schedule of non-cash activities:    
Debt issued in connection with acquisitions 125,055 1,748
Debt assumed in connection with acquisitions 10,766 11,837
Issuance of Class A common stock in connection with acquisitions $ 0 $ 2,137