XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net Income $ 25,721,000 $ 125,339,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 28,378,000 33,278,000
Amortization of lease right-of-use asset 14,103,000 16,866,000
Net pension benefit and special separation benefit expense (23,253,000) (29,056,000)
Gain on marketable equity securities and cost method investments, net (43,801,000) (103,746,000)
Loss (gain) on disposition of property, plant and equipment and investments, net 276,000 (487,000)
Credit loss expense 1,140,000 1,696,000
Stock-based compensation expense, net of forfeitures 1,546,000 1,444,000
Foreign exchange loss (gain) 4,379,000 (617,000)
Equity in losses (earnings) of affiliates, net of distributions 12,241,000 (131,000)
Provision for deferred income taxes 941,000 12,255,000
Change in operating assets and liabilities:    
Accounts receivable, net 16,550,000 21,523,000
Inventories 35,808,000 (28,754,000)
Accounts payable and accrued liabilities (72,779,000) (43,762,000)
Deferred revenue 3,443,000 (1,130,000)
Income taxes receivable/payable (164,000) 27,161,000
Lease liabilities (7,337,000) (16,424,000)
Other assets and other liabilities, net 48,946,000 (14,958,000)
Other (124,000) 570,000
Net Cash Provided by Operating Activities 46,014,000 1,067,000
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (15,482,000) (21,258,000)
Purchases of marketable equity securities (4,823,000) 0
Net proceeds from disposition of a business, property, plant and equipment and investments 940,000 495,000
Investments in equity affiliates and cost method investments (225,000) (526,000)
Other 1,000,000 327,000
Net Cash Used in Investing Activities (18,590,000) (20,962,000)
Cash Flows from Financing Activities    
Distributions paid to noncontrolling interests (188,253,000) (797,000)
Net borrowings under revolving credit facilities 121,400,000 9,245,000
Net (repayments of) proceeds from vehicle floor plan payable (32,301,000) 26,803,000
Dividends paid (7,813,000) (7,678,000)
Repayments of borrowings (7,139,000) (4,902,000)
Principal payments of finance leases (4,441,000) (1,852,000)
Common shares repurchased (3,468,000) (20,028,000)
Other 288,000 735,000
Net Cash (Used in) Provided by Financing Activities (121,727,000) 1,526,000
Effect Of Currency Exchange Rate Change 3,388,000 (4,539,000)
Net Decrease in Cash and Cash Equivalents and Restricted Cash (90,915,000) (22,908,000)
Beginning Cash and Cash Equivalents and Restricted Cash 297,853,000 201,891,000
Ending Cash and Cash Equivalents and Restricted Cash $ 206,938,000 $ 178,983,000