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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (215.5) $ (261.5)
Income (loss) from discontinued operations (1.1) (28.0)
Loss from continuing operations (214.4) (233.5)
Adjustments to reconcile loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 22.0 23.0
Amortization of debt discount and issuance costs 10.4 6.4
Inventory write-down to net realizable value 12.6 0.0
Forgiveness of PPP Loan 0.0 (2.5)
Stock based compensation expense 12.0 9.4
Impairment loss on goodwill and franchise rights 60.1 324.3
Deferred taxes 58.5 (76.7)
Originations of loan receivables, net of principal payments received 6.3 (27.9)
Valuation allowance and loss on sale of loans receivable portfolio 7.6 0.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2.4) (4.6)
Inventory (31.7) (120.4)
Prepaid expenses and other current assets 1.4 (0.4)
Other assets 0.3 0.3
Other liabilities (3.7) 1.6
Accounts payable and accrued liabilities (4.4) (6.0)
Floor plan trade note borrowings 26.5 60.3
Net cash used in operating activities of continuing operations (38.9) (46.7)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash used for acquisitions, net of cash received (3.3) (69.6)
Technology development (2.1) (7.0)
Purchase of property and equipment (13.7) (5.6)
Net cash used in investing activities of continuing operations (19.1) (82.2)
CASH FLOWS FROM FINANCING ACTIVITIES    
Increase in borrowings from non-trade floor plans 42.5 77.9
Proceeds from sale leaseback transaction 50.0 0.0
Proceeds from issuance of debt 2.2 84.5
Proceeds from ROF credit facility for the purchase of consumer finance loans 0.0 25.0
Repayments of debt, including finance leases (111.7) (51.2)
Debt issuance costs (1.8) 0.0
Shares redeemed for employee tax obligations (1.4) 0.0
Net proceeds from sale of common stock in rights offering 98.4 0.0
Net cash provided by financing activities of continuing operations 78.2 136.2
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Net cash provided by operating activities 3.4 27.8
Net cash used in financing activities (5.2) (28.5)
Net cash used in discontinued operations (1.8) (0.7)
NET CHANGE IN CASH AND RESTRICTED CASH 18.4 6.6
CASH AND RESTRICTED CASH AT BEGINNING OF PERIOD 58.6 52.0
CASH AND RESTRICTED CASH AT END OF PERIOD $ 77.0 $ 58.6