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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Purchase of common stock accrued in accounts payable $ 4,375 $ 16,824
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 127,385 74,327
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 35,441 31,424
Deferred income taxes 13,135 6,494
ASSET IMPAIRMENTS 1,955 11,094
Stock-based compensation 14,167 11,871
Amortization of debt discount and issue costs 2,727 9,661
Loss on extinguishment of 3.00% Convertible Notes 0 29,478
Loss on extinguishment of 2.25% Convertible Notes 0 16,925
Gain (Loss) on Disposition of Assets 1,469 17,363
Tax effect from excess stock-based compensation (1,827) (1,145)
Other 3,435 2,047
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 30,858 54,911
Accounts and notes receivable (6,821) (6,562)
Inventories (68,454) 79,265
Contracts-in-transit and vehicle receivables 29,470 33,839
Prepaid expenses and other assets 1,501 12,923
IncreaseDecreaseFloorPlanNotes 49,986 (77,155)
Deferred revenues (621) (198)
Net cash provided by (used in) operating activities 230,868 271,836
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (212,252) (309,257)
Proceeds from disposition of franchises, property and equipment 9,684 138,800
Purchases of property and equipment, including real estate (78,339) (91,345)
Other 6,047 (5,832)
Net cash used in investing activities (274,860) (267,634)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 5,529,338 6,047,392
Repayments on credit facility - Floorplan Line (5,479,152) (6,086,414)
Borrowings on credit facility - acquisition line 584,643 314,963
Repayment on credit facility - acquisition line (515,944) (374,989)
Borrowings on real estate credit facility 0 200
Principal payments on real estate credit facility (2,505) (9,081)
Proceeds from Issuance of Unsecured Debt 0 539,600
Payments of Debt Issuance Costs 0 1,881
Repayments of 3.00% Convertible Notes 0 260,074
Proceeds from call options and warrants related to 3.00% Notes 0 32,697
Repayments of 2.25% Convertible Notes 0 182,756
Borrowings of other long-term debt 33,375 78,710
Principal payments of other long-term debt (42,929) (70,267)
Borrowings Of Long Term Debt Related To Real Estate Loans 22,430 65,628
Principal payments of long-term debt related to real estate loans (18,536) (39,024)
Stock Issued During Period, Shares, Employee Stock Purchase Plans (789) 187
Repurchases of common stock, amounts based on settlement date (66,746) (16,947)
Tax effect from excess stock-based compensation 1,827 1,145
Dividends paid (14,781) (12,291)
Net cash provided by (used in) financing activities 30,231 26,798
Effect of Exchange Rate on Cash and Cash Equivalents (5,246) (563)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,007) 30,437
CASH AND CASH EQUIVALENTS, beginning of period 40,975 20,215
CASH AND CASH EQUIVALENTS, end of period 21,968 50,652
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses $ 3,225 $ 3,440