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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 40,045 $ 20,750
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,036 13,164
Deferred income taxes 14,110 12,162
Asset Impairments 364 1,482
Stock-based compensation 5,558 5,176
Amortization of debt discount and issue costs 5,848 3,957
Loss on redemption of long-term debt   3,872
(Gain) loss on disposition of assets (786) 4,452
Tax effect from stock-based compensation (471) 1,105
Other 369 (667)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Accounts payable and accrued expenses 24,890 15,699
Accounts and notes receivable 3,963 (6,319)
Inventories 52,803 (94,377)
Contracts-in-transit and vehicle receivables 8,127 (24,781)
Prepaid expenses and other assets 1,022 1,794
Floorplan notes payable - manufacturer affiliates 32,444 (12,577)
Deferred revenues (948) (943)
Net cash provided by (used in) operating activities 200,374 (56,051)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisitions, net of cash received (109,934) (34,624)
Proceeds from disposition of franchises, property and equipment 5,174 38,256
Purchases of property and equipment, including real estate (23,472) (13,676)
Other 756 946
Net cash used in investing activities (127,476) (9,098)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on credit facility - Floorplan Line 2,443,288 2,348,323
Repayments on credit facility - Floorplan Line (2,501,056) (2,236,854)
Principal payments on mortgage facility (532) (29,193)
Proceeds from issuance of 3.00% Convertible Notes   115,000
Debt issue costs   (3,959)
Purchase of equity calls   (45,939)
Sale of equity warrants   29,309
Redemption of other long-term debt   (77,011)
Borrowings of other long-term debt 79 4,910
Principal payments of long-term debt related to real estate loans (3,793) (1,664)
Principal payments of other long-term debt (1,652) (277)
Repurchases of common stock, amounts based on settlement date (14,009) (19,243)
Proceeds from issuance of common stock to benefit plans 1,899 1,733
Tax effect from stock-based compensation 471 (1,105)
Dividends paid (5,248)  
Net cash provided by (used in) financing activities (80,553) 84,030
EFFECT OF EXCHANGE RATE CHANGES ON CASH 97 84
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (7,558) 18,965
CASH AND CASH EQUIVALENTS, beginning of period 19,843 13,221
CASH AND CASH EQUIVALENTS, end of period $ 12,285 $ 32,186