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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 201,344 $ 229,692
Depreciation and amortization 188,390 175,461
Gain on sale of property and equipment (131) (690)
Stock-based compensation expense related to stock options and employee stock purchases 26,817 24,897
Provision for deferred income tax expense 19,344 11,129
Change in accounts receivable, net 82,580 (30,478)
Change in inventories, net 206,451 (108,066)
Change in prepaid expenses and other, net (18,301) (5,266)
Change in trade accounts payable 36,310 11,590
Change in customer deposits (7,995) (58,231)
Change in accrued expenses 15,422 (22,257)
Other, net (1,286) (513)
Net cash provided by operating activities 748,945 227,268
Cash flows from investing activities:    
Acquisition of property and equipment (318,828) (304,231)
Proceeds from the sale of property and equipment 7,379 9,098
Change in notes receivable from affiliate 2,830  
Business acquisition, net of cash acquired (24,262) (16,363)
Other 2,664 5,668
Net cash used in investing activities (330,217) (305,828)
Cash flows from financing activities:    
Draws (repayments) on floor plan notes payable – non-trade, net (91,618) 146,042
Proceeds from long-term debt 838,730 1,621,288
Principal payments on long-term debt (985,239) (1,634,543)
Principal payments on finance lease obligations (12,282) (12,556)
Proceeds from issuance of shares relating to equity awards and employee stock purchases 15,026 20,232
Taxes paid related to net share settlement of equity awards (1,392) (9,496)
Payments of cash dividends (43,727) (41,230)
Common stock repurchased (124,443) (9,809)
Net cash provided (used in) by financing activities (404,945) 79,928
Net increase(decrease) in cash, cash equivalents and restricted cash 13,783 1,368
Effect of exchange rate on cash 91 (20)
Cash, cash equivalents and restricted cash, beginning of period 228,131 183,725
Cash, cash equivalents and restricted cash, end of period 242,005 185,073
Supplemental disclosure of cash flow information:    
Interest 42,617 60,105
Income taxes, net of refunds 42,542 64,065
Noncash investing and financing activities:    
Assets acquired under finance leases $ 24,538 $ 21,714