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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 205,828 $ 155,813
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,324 41,598
Stock-based compensation 9,776 8,396
Gain on disposal of other assets (91) (382)
Gain on disposal of franchise (15,396) 0
Deferred income taxes 19,446 7,398
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net 63,419 (13,345)
Inventories (14,466) (16,098)
Other assets 12,007 15,207
Increase (net of acquisitions and dispositions):    
Floor plan notes payable 8,073 12,126
Trade payables 3,645 12,397
Accrued liabilities 8,637 25,907
Other long-term liabilities and deferred revenue 23,084 11,519
Net cash provided by operating activities 379,286 260,536
Cash flows from investing activities:    
Capital expenditures (113,386) (72,174)
Proceeds from sales of assets 2,044 12,327
Cash paid for other investments (62,126) (7,929)
Cash paid for acquisitions, net of cash acquired (374,026) (400,558)
Proceeds from sales of stores 32,893 3,417
Net cash used in investing activities (514,601) (464,917)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 61,705 34,056
Borrowings on lines of credit 1,964,490 1,306,000
Repayments on lines of credit (1,860,222) (1,432,853)
Principal payments on long-term debt and capital leases, scheduled (16,944) (13,697)
Principal payments on long-term debt and capital leases, other (5,305) (46,471)
Proceeds from issuance of long-term debt 62,140 395,905
Payments of debt issuance costs (477) (4,517)
Proceeds from issuance of common stock 7,416 5,577
Repurchase of common stock (81,622) (31,521)
Dividends paid (20,915) (19,803)
Payments of contingent consideration related to acquisitions (772) 0
Net cash provided by financing activities 109,494 192,676
Decrease in cash and cash equivalents (25,821) (11,705)
Cash and cash equivalents at beginning of period 57,253 50,282
Cash and cash equivalents at end of period 31,432 38,577
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 88,938 51,160
Cash paid during the period for income taxes, net 2,907 89,206
Floor plan debt paid in connection with store disposals 33,139 0
Supplemental schedule of non-cash activities:    
Debt issued in connection with acquisitions 125,055 1,748
Debt assumed in connection with acquisitions 10,769 86,902
Issuance of Class A common stock in connection with acquisitions $ 0 $ 2,137