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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities:    
Net income $ 80.2 $ 75.9
Adjustments to reconcile net income to net cash from continuing operating activities:    
Depreciation 20.8 18.6
Earnings of equity method investments (5.5) (6.7)
Loss from discontinued operations, net of tax   0.9
Deferred income taxes 3.9 (22.6)
Changes in operating assets and liabilities:    
Accounts receivable (53.2) (44.2)
Inventories (49.7) (17.2)
Floor plan notes payable 15.3 103.2
Accounts payable and accrued expenses 56.3 64.5
Other 14.5 20.9
Net cash provided by continuing operating activities 82.6 193.3
Investing Activities:    
Purchase of equipment and improvements (46.8) (33.7)
Acquisitions net, including repayment of sellers’ floor plan notes payable of $0.0 and $41.2, respectively (0.4) (86.4)
Other (25.7)  
Net cash used in continuing investing activities (72.9) (120.1)
Financing Activities:    
Proceeds from borrowings under U.S. credit agreement revolving credit line 372.5 398.9
Repayments under U.S. credit agreement revolving credit line (295.5) (398.9)
Repayment of U.S. commercial truck capital loan   (60.5)
Net borrowings (repayments) of other long-term debt 34.5 (78.8)
Net borrowings of floor plan notes payable - non-trade 54.9 100.9
Payment of debt issuance costs   (1.2)
Repurchases of common stock (167.9) (14.0)
Dividends (23.3) (19.9)
Other (4.6)  
Net cash used in continuing financing activities (29.4) (73.5)
Discontinued operations:    
Net cash provided by discontinued operating activities 0.5 14.8
Net cash provided by discontinued investing activities 1.7 105.1
Net cash used in discontinued financing activities   (86.0)
Net cash provided by discontinued operations 2.2 33.9
Effect of exchange rate changes on cash and cash equivalents 0.7 (3.1)
Net change in cash and cash equivalents (16.8) 30.5
Cash and cash equivalents, beginning of period 62.4 36.3
Cash and cash equivalents, end of period 45.6 66.8
Cash paid for:    
Interest 18.4 13.6
Income taxes $ 13.1 13.3
Seller financed/assumed debt   $ 2.6