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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (78.6) $ (215.5)
Loss from discontinued operations 0.0 (1.1)
Loss from continuing operations (78.6) (214.4)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 14.3 22.0
Amortization of debt discount and issuance costs 9.2 10.4
Inventory write-down to net realizable value 0.0 12.6
Stock-based compensation expense 4.6 12.0
Loss on sale of property in sale-leaseback transaction 0.5 0.0
Impairment of goodwill and franchise rights 39.3 60.1
Deferred taxes (0.4) 58.5
Interest paid-in-kind capitalized to debt principal 1.5 0.0
Gain on partial termination of warehouse lease (0.9) 0.0
Valuation allowance and loss on sale of loans receivable portfolio 0.0 7.6
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 19.8 3.9
Inventory 107.9 (31.7)
Prepaid expenses and other current assets 2.4 1.4
Other assets (0.2) 0.3
Other liabilities 3.1 (3.7)
Accounts payable and accrued liabilities 6.2 (4.4)
Floor plan trade note borrowings (29.3) 26.5
Net cash provided by (used in) operating activities of continuing operations 99.4 (38.9)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash used for acquisitions, net of cash received (0.7) (3.3)
Technology development (0.4) (2.1)
Proceeds from sale of property 4.0 0.0
Purchase of property and equipment (2.0) (13.7)
Net cash provided by (used in) investing activities of continuing operations 0.9 (19.1)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase (decrease) in net borrowings from non-trade floor plans (53.0) 42.5
Proceeds from sale-leaseback transaction 0.0 50.0
Repayments of debt (36.0) (111.7)
Other (1.4) (1.0)
Net proceeds from sale of common stock in rights offerings 9.8 98.4
Net cash provided by (used in) financing activities of continuing operations (80.6) 78.2
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Net cash provided by operating activities 0.0 3.4
Net cash used in financing activities 0.0 (5.2)
Net cash used in discontinued operations 0.0 (1.8)
NET CHANGE IN CASH AND RESTRICTED CASH 19.7 18.4
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 77.0 58.6
CASH AND RESTRICTED CASH AT END OF PERIOD $ 96.7 $ 77.0