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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 38,648 $ 35,814
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,997 16,342
Operating lease amortization 7,624 0
Deferred income taxes 4,088 2,675
Stock-based compensation 6,080 5,642
Amortization of debt discount and issue costs 946 650
(Gain) loss on disposition of assets (5,778) (516)
Other 234 (6)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 101,618 65,200
Accounts and notes receivable 9,155 12,727
Inventories (28,058) 7,153
Contracts-in-transit and vehicle receivables 5,117 11,237
Prepaid expenses and other assets (17,672) (12,548)
Floorplan notes payable - manufacturer affiliates (2,468) 5,067
Deferred revenues (178) (655)
Operating lease liabilities (8,414) 0
Net cash provided by (used in) operating activities 127,939 148,782
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid for 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)
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
SUPPLEMENTAL CASH FLOW INFORMATION:    
Purchases of property and equipment, including real estate, accrued in accounts payable $ 5,094 $ 6,066