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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income$ 130,101$ 80,276
Adjustments to reconcile net income to net cash from continuing operating activities:  
Depreciation36,57835,123
Debt discount amortization1,7186,990
Earnings of equity method investments(17,527)(11,725)
Loss from discontinued operations, net of tax5,70210,312
Deferred income taxes14,80114,596
Gain on debt repurchase (1,634)
Changes in operating assets and liabilities:  
Accounts receivable691(39,961)
Inventories28,775(124,780)
Floor plan notes payable(16,464)112,148
Accounts payable and accrued expenses15,58034,471
Other(24,155)2,907
Net cash from continuing operating activities175,800118,723
Investing Activities:  
Purchase of equipment and improvements(80,269)(56,433)
Dealership acquisitions, net, including repayment of sellers' floor plan notes payable of $54,453 and $5,683, respectively(232,106)(9,280)
Other2,865 
Net cash used in continuing investing activities(309,510)(65,713)
Financing Activities:  
Proceeds from borrowings under U.S. credit agreement revolving credit line494,500511,500
Repayments under U.S. credit agreement revolving credit line(374,500)(475,000)
Repurchase of 3.5% senior subordinated convertible notes(87,278)(156,604)
Net borrowings (repayments) of other long-term debt32,4619,895
Net borrowings of floor plan notes payable - non-trade106,09250,656
Proceeds from exercises of options, including excess tax benefit3,018403
Repurchases of common stock(44,263)(751)
Dividends(13,866) 
Net cash from (used in) continuing financing activities116,164(59,901)
Discontinued operations:  
Net cash from discontinued operating activities(35,013)(2,511)
Net cash from discontinued investing activities47,9132,340
Net cash from discontinued financing activities(5,427)626
Net cash from discontinued operations7,473455
Net change in cash and cash equivalents(10,073)(6,436)
Cash and cash equivalents, beginning of period17,80814,489
Cash and cash equivalents, end of period7,7358,053
Cash paid for:  
Interest47,00456,456
Income taxes38,66422,839
Seller financed/assumed debt$ 4,865