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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 73,072 $ 80,871
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
DEPRECIATION AND AMORTIZATION EXPENSE 27,699 25,177
Deferred income taxes 11,095 7,984
ASSET IMPAIRMENTS 0 1,956
Stock-based compensation 10,459 10,169
Amortization of debt discount and issue costs 1,849 2,085
Gain (Loss) on Disposition of Assets (314) (617)
Other (676) 584
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses (28,480) 15,473
Accounts and notes receivable 13,582 8,564
Inventories (142,165) (22,080)
Contracts-in-transit and vehicle receivables 53,405 44,667
Prepaid expenses and other assets (2,377) 15,573
Floorplan notes payable - manufacturer affiliates 37,779 (17,268)
Deferred revenues (243) (271)
Net cash provided by operating activities 54,685 172,867
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (95) (54,739)
Proceeds from disposition of franchises, property and equipment 2,582 13,985
Purchases of property and equipment, including real estate (67,266) (70,272)
Payments for (Proceeds from) Deposits on Real Estate Acquisitions (57,099) (193)
Other 2,074 3,349
Net cash used in investing activities (119,804) (107,870)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 3,369,580 3,373,126
Repayments on credit facility - Floorplan Line (3,288,367) (3,325,917)
Borrowings on credit facility - acquisition line 47,509 150,020
Repayments on credit facility - acquisition line (15,000) (140,020)
Borrowings on other debt 5,137 19,653
Principal payments on other debt (542) (22,248)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 12,901 30,754
Principal payments of long-term debt related to real estate loans (13,897) (12,215)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 2,487 136
Repurchases of common stock, amounts based on settlement date (39,025) (115,246)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net 0 (85)
Dividends paid (10,200) (10,124)
Proceeds from (Payments for) Other Financing Activities 0 (3,159)
Net cash provided by (used in) financing activities 70,583 (55,325)
Effect of Exchange Rate on Cash and Cash Equivalents 117 2,256
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,581 11,928
CASH AND CASH EQUIVALENTS, beginning of period 20,992 13,037
CASH AND CASH EQUIVALENTS, end of period 26,573 24,965
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses $ 11,105 $ 21,241