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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 102,953 $ 116,237
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
DEPRECIATION AND AMORTIZATION EXPENSE 42,758 38,067
Deferred income taxes 16,102 14,347
ASSET IMPAIRMENTS 9,526 12,812
Stock-based compensation 14,606 14,879
Amortization of debt discount and issue costs 2,852 2,783
Gain (Loss) on Disposition of Assets (848) (1,812)
Other (548) 1,039
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 85,163 78,905
Accounts and notes receivable (8,892) 370
Inventories 68,454 60,839
Contracts-in-transit and vehicle receivables (15,273) 49,581
Prepaid expenses and other assets (2,297) 17,957
Floorplan notes payable - manufacturer affiliates (5,164) (19,064)
Deferred revenues 475 (328)
Net cash provided by operating activities 309,867 386,612
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (109,082) (57,327)
Proceeds from disposition of franchises, property and equipment 5,133 23,072
Purchases of property and equipment, including real estate (144,310) (125,692)
Other 1,526 2,924
Net cash used in investing activities (246,733) (157,023)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 5,053,598 5,040,726
Repayments on credit facility - Floorplan Line (5,108,475) (5,147,766)
Borrowings on credit facility - acquisition line 68,085 220,020
Repayments on credit facility - acquisition line (35,576) (220,020)
Borrowings on other debt 126,316 37,786
Principal payments on other debt (88,701) (31,832)
Borrowings Of Long Term Debt Related To Real Estate Loans, Net of Debt Issue Costs 39,031 42,654
Principal payments of long-term debt related to real estate loans (21,269) (18,845)
Net Issuance of Common and Treasury Shares to Employee Stock Compensation Plans 4,196 1,452
Repurchases of common stock, amounts based on settlement date (40,094) (127,606)
Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net 0 (148)
Dividends paid (15,221) (15,054)
Proceeds from (Payments for) Other Financing Activities 0 (3,420)
Net cash used in financing activities (18,110) (222,053)
Effect of Exchange Rate on Cash and Cash Equivalents 867 2,345
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 45,891 9,881
CASH AND CASH EQUIVALENTS, beginning of period 20,992 13,037
CASH AND CASH EQUIVALENTS, end of period 66,883 22,918
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable and accrued expenses $ 10,364 $ 19,920