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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net (loss) income $ (120,301) $ 65,581 $ 230,692
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation and amortization 59,932 49,322 31,545
Equity-based compensation 13,145 14,088 5,109
Loss on debt restructure   1,676 462
Gain on lease termination. (686)    
Goodwill impairment   40,046  
Long-lived asset impairment 66,270    
Loss (gain) on disposal of assets 11,492 2,810 (133)
Provision for (gains) losses on accounts receivable (20) 2,444 839
Non-cash lease expense 54,921    
Accretion of original debt issuance discount 1,038 1,034 942
Non-cash interest 4,585 5,068 4,360
Deferred income taxes 14,897 11,364 130,966
Tax Receivable Agreement liability adjustment (10,005) 1,324 (100,758)
Change in assets and liabilities, net of acquisitions:      
Receivables and contracts in transit 12,217 (16,550) (38,019)
Inventories 216,111 (99,610) (342,780)
Prepaid expenses and other assets (7,951) (8,290) (20,244)
Checks in excess of bank balance (2,764) 3,942 6,585
Accounts payable and other accrued expenses (12,586) 45,230 52,155
Payment pursuant to Tax Receivable Agreement (9,425) (8,914) (203)
Accrued rent for cease-use locations   (488) (91)
Deferred revenue and gains 708 12,448 12,943
Operating lease liabilities (54,403)    
Other, net 14,759 13,767 9,315
Net cash provided by (used in) operating activities 251,934 136,292 (16,315)
Investing activities      
Purchases of property and equipment (56,789) (133,557) (59,559)
Purchase of real property (31,567) (120,802) (21,212)
Proceeds from the sale of real property 28,169 56,932 6,000
Purchases of businesses, net of cash acquired (48,418) (99,240) (392,956)
Proceeds from sale of property and equipment 4,068 3,978 795
Purchase of intangible assets     (1,523)
Net cash used in investing activities (104,537) (292,689) (468,455)
Financing activities      
Net payments on notes payable - floor plan, net (43,989) (85,446) 358,478
Proceeds from credit facilities 11,663 329,775 299,246
Borrowings on revolving line of credit 14,029 45,164  
Payments on revolving line of credit (11,883) (6,425)  
Payments of principal on finance lease obligations   (844) (1,198)
Payments of principal on long-term debt (13,658) (82,820) (7,916)
Payments of principal on right-to-use liability   (161) (150)
Payment of debt issuance costs (47) (3,345) (4,604)
Proceeds from issuance of Class A common stock sold in a public offering net of underwriter discounts, commissions and offering expenses     121,395
Dividends on Class A common stock (22,878) (22,697) (22,241)
Proceeds from exercise of stock options   153 1,728
RSU shares withheld for tax (1,478) (1,365) (368)
Disgorgement of short-swing profits by Section 16 officer   557  
Members' distributions (70,192) (101,755) (149,633)
Net cash (used in) provided by financing activities (138,433) 70,791 594,737
Increase (decrease) in cash and cash equivalents 8,964 (85,606) 109,967
Cash and cash equivalents at beginning of the period 138,557 224,163 114,196
Cash and cash equivalents at end of the period $ 147,521 $ 138,557 $ 224,163