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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 133,606 $ 150,272
Depreciation and amortization 124,522 114,318
Gain on sale of property and equipment, net (295) (102)
Stock-based compensation expense related to employee equity awards and employee stock purchases 22,003 19,605
Deferred income tax expense 552 1,499
Change in accounts and notes receivable, net 40,697 (34,041)
Change in inventories, net 10,193 (63,376)
Change in prepaid expenses and other, net (8,055) (7,593)
Change in trade accounts payable 52,875 3,885
Change in customer deposits (2,625) (49,151)
Change in accrued expenses 8,616 (19,418)
Other, net (927) (373)
Net cash provided by operating activities 381,162 115,525
Acquisition of property and equipment (222,275) (172,522)
Proceeds from the sale of property and equipment 7,221 3,139
Change in notes receivable from affiliate 5,655  
Business acquisition, net of cash acquired (24,119)  
Other 1,298 8,255
Net cash used in investing activities (232,220) (161,128)
Draws on floor plan notes payable – non-trade, net (12,047) 88,404
Proceeds from long-term debt 644,359 1,184,870
Principal payments on long-term debt (642,459) (1,200,797)
Principal payments on finance lease obligations (8,243) (8,486)
Proceeds from issuance of shares relating to equity awards and employee stock purchases 7,862 11,460
Taxes paid related to net share settlement of equity awards (9,714) (9,497)
Payments of cash dividends (28,930) (27,232)
Common stock repurchased (117,082) (9,542)
Net cash provided by financing activities (166,254) 29,180
Net decrease in cash, cash equivalents and restricted cash (17,312) (16,423)
Effect of exchange rate on cash 287 (36)
Cash, cash equivalents and restricted cash, beginning of period 228,131 183,725
Cash, cash equivalents and restricted cash, end of period 211,106 167,266
Supplemental disclosure of cash flow information:    
Interest 28,724 40,235
Income taxes, net of refunds 20,539 37,151
Assets acquired under finance leases $ 12,247 $ 19,448