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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net loss subsequent to Organizational Transactions $ (168,341) $ (117,078)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 16,301 7,746
Loss on disposal of property and equipment 542 882
Provision for bad debt and finance receivable allowance 1,375 805
Gain on loan sales (35,655) (14,982)
Equity-based compensation expense 17,981 3,989
Amortization and write-off of debt issuance costs 1,055 1,407
Originations of finance receivables (872,382) (361,265)
Proceeds from sale of finance receivables 1,114,304 361,659
Payments to Acquire Finance Receivables (253,041) 0
Changes in assets and liabilities:    
Accounts receivable (9,434) (6,159)
Vehicle inventory (110,312) (5,962)
Other current assets (11,879) (1,206)
Other assets (420) (1,722)
Accounts payable and accrued liabilities 44,827 8,694
Accounts payable to related party 1,710 258
Other liabilities (506) 6,920
Net cash used in operating activities (263,875) (116,014)
Cash Flows from Investing Activities:    
Purchases of property and equipment (107,228) (59,408)
Payments to Acquire Businesses, Gross (6,670) 0
Net cash used in investing activities (113,898) (59,408)
Cash Flows from Financing Activities:    
Proceeds from floor plan facility 1,297,419 674,411
Payments on floor plan facility (1,196,819) (644,641)
Proceeds from issuance of senior unsecured notes 350,000 0
Proceeds from Verde Credit Facility 0 35,000
Payments on Verde Credit Facility 0 (35,000)
Proceeds from long-term debt 46,179 7,596
Payments on long-term debt (8,817) (1,137)
Payments of debt issuance costs, including $0 and $1,000 to related parties, respectively (6,309) (1,000)
Net proceeds from issuance of Class A common stock 172,287 206,323
Proceeds from exercise of stock options 642 28
Tax withholdings related to restricted stock awards (1,376) (399)
Dividends paid on Class A Convertible Preferred Stock (4,279) 0
Net cash provided by financing activities 648,915 241,181
Net increase in cash, cash equivalents and restricted cash 271,142 65,759
Cash, cash equivalents and restricted cash at beginning of period 187,123 49,450
Cash, cash equivalents and restricted cash at end of period 458,265 115,209
Class A Convertible Preferred Stock    
Cash Flows from Financing Activities:    
Dividends paid on Class A Convertible Preferred Stock (4,300)  
Payments of costs related to issuance of Class A Convertible Preferred Stock $ (12) $ 0