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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 116,237 $ 127,385
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 38,067 35,441
Deferred income taxes 14,347 13,135
ASSET IMPAIRMENTS 12,812 1,955
Stock-based compensation 14,879 14,167
Amortization of debt discount and issue costs 2,783 2,727
Gain (Loss) on Disposition of Assets 1,812 1,469
Tax effect from excess stock-based compensation 148 (1,827)
Other 891 3,435
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 78,905 30,858
Accounts and notes receivable 370 (6,821)
Inventories 60,839 (68,454)
Contracts-in-transit and vehicle receivables 49,581 29,470
Prepaid expenses and other assets 17,957 1,501
Floorplan notes payable - manufacturer affiliates (19,064) 49,986
Deferred revenues (328) (621)
Net cash provided by operating activities 386,612 230,868
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (57,327) (212,252)
Proceeds from disposition of franchises, property and equipment 23,072 9,684
Purchases of property and equipment, including real estate (125,692) (78,339)
Other 2,924 6,047
Net cash used in investing activities (157,023) (274,860)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 5,040,726 5,529,338
Repayments on credit facility - Floorplan Line (5,147,766) (5,479,152)
Borrowings on credit facility - acquisition line 220,020 584,643
Repayment on credit facility - acquisition line (220,020) (515,944)
Borrowings on other debt 37,786 33,375
Principal payments on other debt (31,832) (42,929)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 42,654 22,430
Principal payments of long-term debt related to real estate loans (18,845) (21,041)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 1,452 (789)
Repurchases of common stock, amounts based on settlement date (127,606) (66,746)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net (148) 1,827
Dividends paid (15,054) (14,781)
Proceeds from (Payments for) Other Financing Activities (3,420)
Net cash provided by (used in) financing activities (222,053) 30,231
Effect of Exchange Rate on Cash and Cash Equivalents 2,345 (5,246)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,881 (19,007)
CASH AND CASH EQUIVALENTS, beginning of period 13,037 40,975
CASH AND CASH EQUIVALENTS, end of period 22,918 21,968
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses $ 19,920 $ 3,225