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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 271.5 $ 265.7 $ 245.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairments 2.6 1.3 0.0
Depreciation and amortization 82.4 75.4 57.7
Stock-based compensation 16.2 13.3 11.3
(Gain) loss on disposal of other assets (0.1) 0.2 (0.4)
Gain from disposal activities (9.7) (15.1) (5.1)
Deferred income taxes 40.1 33.0 (2.8)
(Increase) decrease (net of acquisitions and dispositions):      
Trade receivables, net 24.4 4.7 (57.4)
Inventories (19.7) (108.9) (193.1)
Other assets 12.0 (16.0) (3.1)
Increase (decrease) (net of acquisitions and dispositions):      
Floor plan notes payable 100.7 196.9 20.3
Trade payables (1.8) 15.1 20.0
Accrued liabilities (38.0) 28.9 37.2
Other long-term liabilities and deferred revenue 18.9 25.2 19.1
Net cash provided by operating activities 499.5 519.7 148.9
Cash flows from investing activities:      
Notes receivable issued 12.5 0.0 0.0
Capital expenditures (124.9) (158.0) (105.4)
Proceeds from sales of assets 1.5 3.1 15.3
Cash paid for other investments (7.2) (62.7) (8.6)
Cash paid for acquisitions, net of cash acquired (366.6) (373.8) (460.4)
Proceeds from sales of stores 46.7 34.3 20.9
Net cash used in investing activities (438.0) (557.1) (538.2)
Cash flows from financing activities:      
(Repayments) borrowings on floor plan notes payable: non-trade, net (54.6) (21.9) 241.5
Borrowings on lines of credit 3,167.0 2,691.4 1,754.5
Repayments on lines of credit (3,481.6) (2,499.6) (1,836.2)
Principal payments on long-term debt, scheduled (26.0) (26.5) (18.2)
Principal payments on long-term debt and finance lease liabilities, other (11.0) (26.1) (50.3)
Proceeds from issuance of long-term debt 420.3 62.1 395.9
Payment of debt issuance costs (5.8) (0.4) (4.7)
Proceeds from issuance of common stock 11.0 10.1 7.5
Repurchase of common stock (3.2) (148.9) (33.8)
Dividends paid (27.6) (27.7) (26.5)
Payments of contingent consideration related to acquisitions 0.0 (0.8) 0.0
Other financing activity 2.4 0.0 (33.4)
Net cash (used in) provided by financing activities (9.1) 11.7 396.3
(Increase) decrease in cash and cash equivalents 52.4 (25.7) 7.0
Cash and cash equivalents at beginning of year 31.6 57.3 50.3
Cash and cash equivalents at end of year 84.0 31.6 57.3
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 135.8 117.1 68.9
Cash paid during the period for income taxes, net 38.4 32.9 127.3
Floor plan debt paid in connection with store disposals 18.6 33.1 3.7
Supplemental schedule of non-cash activities:      
Debt issued in connection with acquisitions 26.4 125.1 1.8
Debt assumed in connection with acquisitions 0.0 10.8 84.3
Issuance of Class A common stock in connection with acquisition 0.0 $ 0.0 $ 2.1
ROU assets obtained in exchange for lease liabilities $ 260.3