XML 91 R79.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidating Financial Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities $ 127,939 $ 148,782
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received 0 (71,499)
Proceeds from disposition of franchises, property and equipment 35,125 2,940
Purchases of property and equipment, including real estate (41,711) (47,948)
Other (200) 140
Net cash provided by (used in) investing activities (6,786) (116,367)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - floorplan line and other 1,631,544 1,656,192
Repayments on credit facility - floorplan line and other (1,697,455) (1,702,447)
Borrowings on credit facility - acquisition line 107,777 66,945
Repayments on credit facility - acquisition line (111,466) (66,444)
Borrowings on other debt 20,329 65,614
Principal payments on other debt (26,693) (40,078)
Borrowings on debt related to real estate, net of debt issue costs 0 46,835
Principal payments on debt related to real estate (20,864) (37,819)
Employee stock purchase plan purchases, net of employee tax withholdings (830) (1,638)
Repurchases of common stock, amounts based on settlement date 0 (9,199)
Dividends paid (4,841) (5,495)
Borrowings (repayments) with subsidiaries 0 0
Investment in subsidiaries 0 0
Net cash provided by (used in) financing activities (102,499) (27,534)
Effect of exchange rate changes on cash (519) 47
Net increase (decrease) in cash, cash equivalents and restricted cash 18,135 4,928
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 18,720 29,631
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 36,855 34,559
Group 1 Automotive, Inc. | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 32,601 35,814
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received   0
Proceeds from disposition of franchises, property and equipment 0 0
Purchases of property and equipment, including real estate 0 0
Other (200) 0
Net cash provided by (used in) investing activities (200) 0
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - floorplan line and other 0 0
Repayments on credit facility - floorplan line and other 0 0
Borrowings on credit facility - acquisition line 107,777 66,945
Repayments on credit facility - acquisition line (111,466) (66,444)
Borrowings on other debt 0 0
Principal payments on other debt 0 (24,742)
Borrowings on debt related to real estate, net of debt issue costs   0
Principal payments on debt related to real estate 0 0
Employee stock purchase plan purchases, net of employee tax withholdings (830) (1,638)
Repurchases of common stock, amounts based on settlement date   (9,199)
Dividends paid (4,841) (5,495)
Borrowings (repayments) with subsidiaries 69,908 22,730
Investment in subsidiaries (92,949) (17,971)
Net cash provided by (used in) financing activities (32,401) (35,814)
Effect of exchange rate changes on cash 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 0 0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 0 0
Guarantor Subsidiaries | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 71,795 114,862
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received   (31,414)
Proceeds from disposition of franchises, property and equipment 33,178 918
Purchases of property and equipment, including real estate (36,614) (34,101)
Other 0 140
Net cash provided by (used in) investing activities (3,436) (64,457)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - floorplan line and other 1,624,256 1,612,866
Repayments on credit facility - floorplan line and other (1,679,425) (1,675,917)
Borrowings on credit facility - acquisition line 0 0
Repayments on credit facility - acquisition line 0 0
Borrowings on other debt 7,288 43,326
Principal payments on other debt (18,206) (1,987)
Borrowings on debt related to real estate, net of debt issue costs   34,817
Principal payments on debt related to real estate (17,702) (31,000)
Employee stock purchase plan purchases, net of employee tax withholdings 0 0
Repurchases of common stock, amounts based on settlement date   0
Dividends paid 0 0
Borrowings (repayments) with subsidiaries (68,496) (50,554)
Investment in subsidiaries 92,790 16,822
Net cash provided by (used in) financing activities (59,495) (51,627)
Effect of exchange rate changes on cash 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash 8,864 (1,222)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 4,613 10,096
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period 13,477 8,874
Non-Guarantor Subsidiaries | Reportable Legal Entities    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash provided by (used in) operating activities 23,543 (1,894)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received   (40,085)
Proceeds from disposition of franchises, property and equipment 1,947 2,022
Purchases of property and equipment, including real estate (5,097) (13,847)
Other 0 0
Net cash provided by (used in) investing activities (3,150) (51,910)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - floorplan line and other 7,288 43,326
Repayments on credit facility - floorplan line and other (18,030) (26,530)
Borrowings on credit facility - acquisition line 0 0
Repayments on credit facility - acquisition line 0 0
Borrowings on other debt 13,041 22,288
Principal payments on other debt (8,487) (13,349)
Borrowings on debt related to real estate, net of debt issue costs   12,018
Principal payments on debt related to real estate (3,162) (6,819)
Employee stock purchase plan purchases, net of employee tax withholdings 0 0
Repurchases of common stock, amounts based on settlement date   0
Dividends paid 0 0
Borrowings (repayments) with subsidiaries (1,412) 27,824
Investment in subsidiaries 159 1,149
Net cash provided by (used in) financing activities (10,603) 59,907
Effect of exchange rate changes on cash (519) 47
Net increase (decrease) in cash, cash equivalents and restricted cash 9,271 6,150
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 14,107 19,535
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 23,378 $ 25,685