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Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Balance Sheet [Table Text Block] | CONDENSED CONSOLIDATED BALANCE SHEET September 30, 2015
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
ASSETS
CURRENT ASSETS: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 4,397 |  |  | $ | 17,571 |  |  | $ | — |  |  | $ | 21,968 |
Contracts-in-transit and vehicle receivables, net | — |  |  | 173,859 |  |  | 31,777 |  |  | — |  |  | 205,636 |
Accounts and notes receivable, net | — |  |  | 118,137 |  |  | 28,973 |  |  | — |  |  | 147,110 |
Intercompany accounts receivable | — |  |  | 263,906 |  |  | — |  |  | (263,906 | ) |  | — |
Inventories, net | — |  |  | 1,438,310 |  |  | 196,111 |  |  | — |  |  | 1,634,421 |
Deferred income taxes | 288 |  |  | 12,811 |  |  | — |  |  | — |  |  | 13,099 |
Prepaid expenses and other current assets | 785 |  |  | 8,000 |  |  | 13,771 |  |  | — |  |  | 22,556 |
Total current assets | 1,073 |  |  | 2,019,420 |  |  | 288,203 |  |  | (263,906 | ) |  | 2,044,790 |
PROPERTY AND EQUIPMENT, net | — |  |  | 863,526 |  |  | 115,366 |  |  | — |  |  | 978,892 |
GOODWILL | — |  |  | 814,759 |  |  | 97,880 |  |  | — |  |  | 912,639 |
INTANGIBLE FRANCHISE RIGHTS | — |  |  | 306,745 |  |  | 33,018 |  |  | — |  |  | 339,763 |
INVESTMENT IN SUBSIDIARIES | 2,162,133 |  |  | — |  |  | — |  |  | (2,162,133 | ) |  | — |
OTHER ASSETS | — |  |  | 8,683 |  |  | 7,283 |  |  | — |  |  | 15,966 |
Total assets | $ | 2,163,206 |  |  | $ | 4,013,133 |  |  | $ | 541,750 |  |  | $ | (2,426,039 | ) |  | $ | 4,292,050 |
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |
Floorplan notes payable — credit facility and other | $ | — |  |  | $ | 1,176,385 |  |  | $ | 1,128 |  |  | $ | — |  |  | $ | 1,177,513 |
Offset account related to floorplan notes payable - credit facility | — |  |  | (28,073 | ) |  | — |  |  | — |  |  | (28,073 | )
Floorplan notes payable — manufacturer affiliates | — |  |  | 253,361 |  |  | 94,296 |  |  | — |  |  | 347,657 |
Offset account related to floorplan notes payable - manufacturer affiliates | — |  |  | (20,001 | ) |  | — |  |  | — |  |  | (20,001 | )
Current maturities of long-term debt | — |  |  | 50,756 |  |  | 5,203 |  |  | — |  |  | 55,959 |
Accounts payable | — |  |  | 177,270 |  |  | 113,239 |  |  | — |  |  | 290,509 |
Intercompany accounts payable | 368,915 |  |  | — |  |  | 263,906 |  |  | (632,821 | ) |  | — |
Accrued expenses | — |  |  | 137,675 |  |  | 20,608 |  |  | — |  |  | 158,283 |
Total current liabilities | 368,915 |  |  | 1,747,373 |  |  | 498,380 |  |  | (632,821 | ) |  | 1,981,847 |
LONG-TERM DEBT, net of current maturities | 679,158 |  |  | 337,858 |  |  | 67,145 |  |  | — |  |  | 1,084,161 |
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES | — |  |  | 39,724 |  |  | — |  |  | — |  |  | 39,724 |
DEFERRED INCOME TAXES AND OTHER LIABILITIES | — |  |  | 206,938 |  |  | 10,052 |  |  | — |  |  | 216,990 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Group 1 stockholders’ equity | 1,115,133 |  |  | 2,050,155 |  |  | (33,827 | ) |  | (2,162,133 | ) |  | 969,328 |
Intercompany note receivable | — |  |  | (368,915 | ) |  | — |  |  | 368,915 |  |  | — |
Total stockholders’ equity | 1,115,133 |  |  | 1,681,240 |  |  | (33,827 | ) |  | (1,793,218 | ) |  | 969,328 |
Total liabilities and stockholders’ equity | $ | 2,163,206 |  |  | $ | 4,013,133 |  |  | $ | 541,750 |  |  | $ | (2,426,039 | ) |  | $ | 4,292,050 |
CONDENSED CONSOLIDATED BALANCE SHEET December 31, 2014
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
ASSETS
CURRENT ASSETS: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 25,379 |  |  | $ | 15,596 |  |  | $ | — |  |  | $ | 40,975 |
Contracts-in-transit and vehicle receivables, net | — |  |  | 218,361 |  |  | 19,087 |  |  | — |  |  | 237,448 |
Accounts and notes receivable, net | — |  |  | 117,427 |  |  | 33,903 |  |  | — |  |  | 151,330 |
Intercompany accounts receivable | — |  |  | 276,217 |  |  | — |  |  | (276,217 | ) |  | — |
Inventories, net | — |  |  | 1,342,022 |  |  | 214,683 |  |  | — |  |  | 1,556,705 |
Deferred income taxes | 196 |  |  | 10,866 |  |  | — |  |  | — |  |  | 11,062 |
Prepaid expenses and other current assets | 590 |  |  | 22,039 |  |  | 15,070 |  |  | — |  |  | 37,699 |
Total current assets | 786 |  |  | 2,012,311 |  |  | 298,339 |  |  | (276,217 | ) |  | 2,035,219 |
PROPERTY AND EQUIPMENT, net | — |  |  | 839,063 |  |  | 111,325 |  |  | — |  |  | 950,388 |
GOODWILL | — |  |  | 700,642 |  |  | 129,735 |  |  | — |  |  | 830,377 |
INTANGIBLE FRANCHISE RIGHTS | — |  |  | 257,502 |  |  | 46,445 |  |  | — |  |  | 303,947 |
INVESTMENT IN SUBSIDIARIES | 1,964,442 |  |  | — |  |  | — |  |  | (1,964,442 | ) |  | — |
OTHER ASSETS | — |  |  | 10,120 |  |  | 11,441 |  |  | — |  |  | 21,561 |
Total assets | $ | 1,965,228 |  |  | $ | 3,819,638 |  |  | $ | 597,285 |  |  | $ | (2,240,659 | ) |  | $ | 4,141,492 |
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |
Floorplan notes payable — credit facility and other | $ | — |  |  | $ | 1,137,743 |  |  | $ | 5,503 |  |  | $ | — |  |  | $ | 1,143,246 |
Offset account related to floorplan notes payable - credit facility | — |  |  | (39,616 | ) |  | — |  |  | — |  |  | (39,616 | )
Floorplan notes payable — manufacturer affiliates | — |  |  | 207,329 |  |  | 100,327 |  |  | — |  |  | 307,656 |
Offset account related to floorplan notes payable - manufacturer affiliates | — |  |  | (22,500 | ) |  | — |  |  | — |  |  | (22,500 | )
Current maturities of long-term debt | — |  |  | 61,185 |  |  | 11,445 |  |  | — |  |  | 72,630 |
Accounts payable | — |  |  | 176,143 |  |  | 112,177 |  |  | — |  |  | 288,320 |
Intercompany accounts payable | 295,421 |  |  | — |  |  | 276,217 |  |  | (571,638 | ) |  | — |
Accrued expenses | — |  |  | 149,700 |  |  | 22,763 |  |  | — |  |  | 172,463 |
Total current liabilities | 295,421 |  |  | 1,669,984 |  |  | 528,432 |  |  | (571,638 | ) |  | 1,922,199 |
LONG-TERM DEBT, net of current maturities | 609,812 |  |  | 347,202 |  |  | 51,823 |  |  | — |  |  | 1,008,837 |
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES | — |  |  | 25,311 |  |  | — |  |  | — |  |  | 25,311 |
DEFERRED INCOME TAXES AND OTHER LIABILITIES | — |  |  | 193,077 |  |  | 14,058 |  |  | — |  |  | 207,135 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Group 1 stockholders’ equity | 1,059,995 |  |  | 1,879,485 |  |  | 2,972 |  |  | (1,964,442 | ) |  | 978,010 |
Intercompany note receivable | — |  |  | (295,421 | ) |  | — |  |  | 295,421 |  |  | — |
Total stockholders’ equity | 1,059,995 |  |  | 1,584,064 |  |  | 2,972 |  |  | (1,669,021 | ) |  | 978,010 |
Total liabilities and stockholders’ equity | $ | 1,965,228 |  |  | $ | 3,819,638 |  |  | $ | 597,285 |  |  | $ | (2,240,659 | ) |  | $ | 4,141,492 |
Condensed Income Statement [Table Text Block] | CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended September 30, 2015
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
REVENUES: | $ | — |  |  | $ | 2,343,567 |  |  | $ | 457,002 |  |  | $ | — |  |  | $ | 2,800,569 |
COST OF SALES: | — |  |  | 1,995,252 |  |  | 406,935 |  |  | — |  |  | 2,402,187 |
GROSS PROFIT | — |  |  | 348,315 |  |  | 50,067 |  |  | — |  |  | 398,382 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 555 |  |  | 247,054 |  |  | 41,403 |  |  | — |  |  | 289,012 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 10,372 |  |  | 1,439 |  |  | — |  |  | 11,811 |
ASSET IMPAIRMENTS | — |  |  | 204 |  |  | 712 |  |  | — |  |  | 916 |
INCOME FROM OPERATIONS | (555 | ) |  | 90,685 |  |  | 6,513 |  |  | — |  |  | 96,643 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (8,963 | ) |  | (722 | ) |  | — |  |  | (9,685 | )
Other interest expense, net | 648 |  |  | (12,738 | ) |  | (1,832 | ) |  | — |  |  | (13,922 | )
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | 93 |  |  | 68,984 |  |  | 3,959 |  |  | — |  |  | 73,036 |
PROVISION FOR INCOME TAXES | (35 | ) |  | (26,398 | ) |  | (1,342 | ) |  | — |  |  | (27,775 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 45,203 |  |  | — |  |  | — |  |  | (45,203 | ) |  | — |
NET INCOME (LOSS) | $ | 45,261 |  |  | $ | 42,586 |  |  | $ | 2,617 |  |  | $ | (45,203 | ) |  | $ | 45,261 |
COMPREHENSIVE LOSS | — |  |  | (6,158 | ) |  | (36,307 | ) |  | — |  |  | (42,465 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 45,261 |  |  | $ | 36,428 |  |  | $ | (33,690 | ) |  | $ | (45,203 | ) |  | $ | 2,796 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Nine Months Ended September 30, 2015
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
REVENUES: | $ | — |  |  | $ | 6,629,514 |  |  | $ | 1,330,389 |  |  | $ | — |  |  | $ | 7,959,903 |
COST OF SALES: | — |  |  | 5,624,527 |  |  | 1,181,537 |  |  | — |  |  | 6,806,064 |
GROSS PROFIT | — |  |  | 1,004,987 |  |  | 148,852 |  |  | — |  |  | 1,153,839 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 2,612 |  |  | 712,265 |  |  | 126,173 |  |  | — |  |  | 841,050 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 30,847 |  |  | 4,594 |  |  | — |  |  | 35,441 |
ASSET IMPAIRMENTS | — |  |  | 702 |  |  | 1,253 |  |  | — |  |  | 1,955 |
INCOME FROM OPERATIONS | (2,612 | ) |  | 261,173 |  |  | 16,832 |  |  | — |  |  | 275,393 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (26,439 | ) |  | (2,607 | ) |  | — |  |  | (29,046 | )
Other interest expense, net | 1,845 |  |  | (38,534 | ) |  | (5,372 | ) |  | — |  |  | (42,061 | )
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | (767 | ) |  | 196,200 |  |  | 8,853 |  |  | — |  |  | 204,286 |
BENEFIT (PROVISION) FOR INCOME TAXES | 288 |  |  | (73,375 | ) |  | (3,814 | ) |  | — |  |  | (76,901 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 127,864 |  |  | — |  |  | — |  |  | (127,864 | ) |  | — |
NET INCOME (LOSS) | $ | 127,385 |  |  | $ | 122,825 |  |  | $ | 5,039 |  |  | $ | (127,864 | ) |  | $ | 127,385 |
COMPREHENSIVE LOSS | — |  |  | (6,919 | ) |  | (56,902 | ) |  | — |  |  | (63,821 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 127,385 |  |  | $ | 115,906 |  |  | $ | (51,863 | ) |  | $ | (127,864 | ) |  | $ | 63,564 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended September 30, 2014
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
REVENUES: | $ | — |  |  | $ | 2,175,604 |  |  | $ | 450,844 |  |  | $ | — |  |  | $ | 2,626,448 |
COST OF SALES: | — |  |  | 1,853,668 |  |  | 398,071 |  |  | — |  |  | 2,251,739 |
GROSS PROFIT | — |  |  | 321,936 |  |  | 52,773 |  |  | — |  |  | 374,709 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 559 |  |  | 220,142 |  |  | 43,532 |  |  | — |  |  | 264,233 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 9,296 |  |  | 1,450 |  |  | — |  |  | 10,746 |
ASSET IMPAIRMENTS | — |  |  | 4,252 |  |  | 5,121 |  |  | — |  |  | 9,373 |
INCOME FROM OPERATIONS | (559 | ) |  | 88,246 |  |  | 2,670 |  |  | — |  |  | 90,357 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (8,544 | ) |  | (1,908 | ) |  | — |  |  | (10,452 | )
Other interest expense, net | 567 |  |  | (12,264 | ) |  | (1,549 | ) |  | — |  |  | (13,246 | )
Loss on extinguishment of long-term debt | — |  |  | (22,790 | ) |  | — |  |  | — |  |  | (22,790 | )
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | 8 |  |  | 44,648 |  |  | (787 | ) |  | — |  |  | 43,869 |
(PROVISION) BENEFIT FOR INCOME TAXES | (3 | ) |  | (20,372 | ) |  | 2,668 |  |  | — |  |  | (17,707 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 26,157 |  |  | — |  |  | — |  |  | (26,157 | ) |  | — |
NET INCOME (LOSS) | $ | 26,162 |  |  | $ | 24,276 |  |  | $ | 1,881 |  |  | $ | (26,157 | ) |  | $ | 26,162 |
COMPREHENSIVE INCOME (LOSS) | — |  |  | 2,366 |  |  | (21,938 | ) |  | — |  |  | (19,572 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 26,162 |  |  | $ | 26,642 |  |  | $ | (20,057 | ) |  | $ | (26,157 | ) |  | $ | 6,590 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Nine Months Ended September 30, 2014
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
REVENUES: | $ | — |  |  | $ | 6,070,827 |  |  | $ | 1,328,122 |  |  | $ | — |  |  | $ | 7,398,949 |
COST OF SALES: | — |  |  | 5,142,382 |  |  | 1,174,588 |  |  | — |  |  | 6,316,970 |
GROSS PROFIT | — |  |  | 928,445 |  |  | 153,534 |  |  | — |  |  | 1,081,979 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 2,315 |  |  | 660,321 |  |  | 131,125 |  |  | — |  |  | 793,761 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 27,232 |  |  | 4,192 |  |  | — |  |  | 31,424 |
ASSET IMPAIRMENTS | — |  |  | 5,973 |  |  | 5,121 |  |  | — |  |  | 11,094 |
INCOME FROM OPERATIONS | (2,315 | ) |  | 234,919 |  |  | 13,096 |  |  | — |  |  | 245,700 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (25,489 | ) |  | (6,206 | ) |  | — |  |  | (31,695 | )
Other interest expense, net | 1,696 |  |  | (34,326 | ) |  | (3,696 | ) |  | — |  |  | (36,326 | )
Loss on extinguishment of long-term debt | — |  |  | (46,403 | ) |  | — |  |  | — |  |  | (46,403 | )
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | (619 | ) |  | 128,701 |  |  | 3,194 |  |  | — |  |  | 131,276 |
BENEFIT (PROVISION) FOR INCOME TAXES | 232 |  |  | (57,672 | ) |  | 491 |  |  | — |  |  | (56,949 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 74,714 |  |  | — |  |  | — |  |  | (74,714 | ) |  | — |
NET INCOME (LOSS) | $ | 74,327 |  |  | $ | 71,029 |  |  | $ | 3,685 |  |  | $ | (74,714 | ) |  | $ | 74,327 |
COMPREHENSIVE LOSS | — |  |  | (494 | ) |  | (7,329 | ) |  | — |  |  | (7,823 | )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 74,327 |  |  | $ | 70,535 |  |  | $ | (3,644 | ) |  | $ | (74,714 | ) |  | $ | 66,504 |
Condensed Cash Flow Statement [Table Text Block] | CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2015
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Total Company
| (In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 127,385 |  |  | $ | 93,518 |  |  | $ | 9,965 |  |  | $ | 230,868 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |
Cash paid in acquisitions, net of cash received | — |  |  | (212,252 | ) |  | — |  |  | (212,252 | )
Proceeds from disposition of franchises, property and equipment | — |  |  | 8,986 |  |  | 698 |  |  | 9,684 |
Purchases of property and equipment, including real estate | — |  |  | (61,052 | ) |  | (17,287 | ) |  | (78,339 | )
Other | — |  |  | 6,047 |  |  | — |  |  | 6,047 |
Net cash used in investing activities | — |  |  | (258,271 | ) |  | (16,589 | ) |  | (274,860 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |
Borrowings on credit facility - floorplan line and other | — |  |  | 5,529,338 |  |  | — |  |  | 5,529,338 |
Repayments on credit facility - floorplan line and other | — |  |  | (5,479,152 | ) |  | — |  |  | (5,479,152 | )
Borrowings on credit facility - acquisition line | 584,643 |  |  | — |  |  | — |  |  | 584,643 |
Repayment on credit facility - acquisition line | (515,944 | ) |  | — |  |  | — |  |  | (515,944 | )
Principal payments on real estate credit facility | — |  |  | (2,505 | ) |  | — |  |  | (2,505 | )
Borrowings on other debt | — |  |  | 460 |  |  | 32,915 |  |  | 33,375 |
Principal payments on other debt | — |  |  | (1,157 | ) |  | (41,772 | ) |  | (42,929 | )
Borrowings on debt related to real estate | — |  |  | — |  |  | 22,430 |  |  | 22,430 |
Principal payments on debt related to real estate | — |  |  | (15,843 | ) |  | (2,693 | ) |  | (18,536 | )
Employee stock purchase plan purchases, net of employee tax withholdings | (789 | ) |  | — |  |  | — |  |  | (789 | )
Repurchases of common stock, amounts based on settlement date | (66,746 | ) |  | — |  |  | — |  |  | (66,746 | )
Tax effect from stock-based compensation | — |  |  | 1,827 |  |  | — |  |  | 1,827 |
Dividends paid | (14,781 | ) |  | — |  |  | — |  |  | (14,781 | )
Borrowings (repayments) with subsidiaries | 85,465 |  |  | (73,365 | ) |  | (12,100 | ) |  | — |
Investment in subsidiaries | (199,233 | ) |  | 184,168 |  |  | 15,065 |  |  | — |
Net cash (used in) provided by financing activities | (127,385 | ) |  | 143,771 |  |  | 13,845 |  |  | 30,231 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | (5,246 | ) |  | (5,246 | )
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | — |  |  | (20,982 | ) |  | 1,975 |  |  | (19,007 | )
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 25,379 |  |  | 15,596 |  |  | 40,975 |
CASH AND CASH EQUIVALENTS, end of period | $ | — |  |  | $ | 4,397 |  |  | $ | 17,571 |  |  | $ | 21,968 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Nine Months Ended September 30, 2014
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Total Company
| (In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 74,327 |  |  | $ | 204,887 |  |  | $ | (7,378 | ) |  | $ | 271,836 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |
Cash paid in acquisitions, net of cash received | — |  |  | (306,467 | ) |  | (2,790 | ) |  | (309,257 | )
Proceeds from disposition of franchises, property and equipment | — |  |  | 138,546 |  |  | 254 |  |  | 138,800 |
Purchases of property and equipment, including real estate | — |  |  | (85,239 | ) |  | (6,106 | ) |  | (91,345 | )
Other | — |  |  | (5,832 | ) |  | — |  |  | (5,832 | )
Net cash used in investing activities | — |  |  | (258,992 | ) |  | (8,642 | ) |  | (267,634 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |
Borrowings on credit facility - floorplan line and other | — |  |  | 6,047,392 |  |  | — |  |  | 6,047,392 |
Repayments on credit facility - floorplan line and other | — |  |  | (6,086,414 | ) |  | — |  |  | (6,086,414 | )
Borrowings on credit facility - acquisition line | 314,963 |  |  | — |  |  | — |  |  | 314,963 |
Repayment on credit facility - acquisition line | (374,989 | ) |  | — |  |  | — |  |  | (374,989 | )
Borrowings on real estate credit facility | — |  |  | 200 |  |  | — |  |  | 200 |
Principal payments on real estate credit facility | — |  |  | (9,081 | ) |  | — |  |  | (9,081 | )
Net borrowings on 5.00% Senior Unsecured Notes | 539,600 |  |  | — |  |  | — |  |  | 539,600 |
Debt issue costs | (1,881 | ) |  | — |  |  | — |  |  | (1,881 | )
Repurchase of 3.00% Convertible Notes | (260,074 | ) |  | — |  |  | — |  |  | (260,074 | )
Proceeds from Call/Warrant Unwind related to 3.00% Convertible Notes | 32,697 |  |  | — |  |  | — |  |  | 32,697 |
Conversion and redemption of 2.25% Convertible Notes | (182,756 | ) |  | — |  |  | — |  |  | (182,756 | )
Borrowings on other debt | — |  |  | — |  |  | 78,710 |  |  | 78,710 |
Principal payments on other debt | — |  |  | — |  |  | (70,267 | ) |  | (70,267 | )
Borrowings on debt related to real estate | — |  |  | 52,279 |  |  | 13,349 |  |  | 65,628 |
Principal payments on debt related to real estate | — |  |  | (29,458 | ) |  | (9,566 | ) |  | (39,024 | )
Employee stock purchase plan purchases, net of employee tax withholdings | 187 |  |  | — |  |  | — |  |  | 187 |
Repurchases of common stock, amounts based on settlement date | (16,947 | ) |  | — |  |  | — |  |  | (16,947 | )
Tax effect from stock-based compensation | — |  |  | 1,145 |  |  | — |  |  | 1,145 |
Dividends paid | (12,291 | ) |  | — |  |  | — |  |  | (12,291 | )
Borrowings (repayments) with subsidiaries | 87,136 |  |  | (94,311 | ) |  | 7,175 |  |  | — |
Investment in subsidiaries | (199,972 | ) |  | 200,094 |  |  | (122 | ) |  | — |
Distributions to parent | — |  |  | 2,118 |  |  | (2,118 | ) |  | — |
Net cash (used in) provided by financing activities | (74,327 | ) |  | 83,964 |  |  | 17,161 |  |  | 26,798 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | 26 |  |  | — |  |  | (589 | ) |  | (563 | )
NET INCREASE IN CASH AND CASH EQUIVALENTS | 26 |  |  | 29,859 |  |  | 552 |  |  | 30,437 |
CASH AND CASH EQUIVALENTS, beginning of period | — |  |  | 4,306 |  |  | 15,909 |  |  | 20,215 |
CASH AND CASH EQUIVALENTS, end of period | $ | 26 |  |  | $ | 34,165 |  |  | $ | 16,461 |  |  | $ | 50,652 |

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