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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income (loss) $ 10.0 $ (20.3)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation and amortization 81.1 70.2
Amortization of debt discount and debt issuance costs 1.3 1.3
Imputed interest 0.2 0.2
Gain on sale of property and equipment (0.2)  
Gain on sale of rental equipment (22.6) (15.9)
Provision for inventory obsolescence 2.5 0.9
Provision for bad debt 4.0 3.4
Loss on debt extinguishment   11.9
Share based compensation expense 1.9 0.9
Changes in deferred income taxes   0.5
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (24.8) (33.0)
Inventories (200.8) (114.0)
Proceeds from sale of rental equipment 105.1 97.6
Prepaid expenses and other assets (4.3) (8.1)
Manufacturers floor plans payable 37.8 (5.9)
Accounts payable, accrued expenses, customer deposits, and other current liabilities 30.5 17.2
Leases, deferred revenue and other liabilities (3.4) (0.8)
Net cash provided by operating activities 18.3 6.1
INVESTING ACTIVITIES    
Expenditures for rental equipment (39.9) (30.9)
Expenditures for property and equipment (6.9) (7.0)
Proceeds from sale of property and equipment 0.7 1.4
Expenditures for guaranteed purchase obligations 0.8 (1.5)
Expenditures for acquisitions, net of cash acquired (40.4) (3.9)
Net cash used in investing activities (85.7) (41.9)
FINANCING ACTIVITIES    
Expenditures for debt issuance costs   (1.5)
Extinguishment of long-term debt   (153.1)
Proceeds from line of credit and long-term borrowings 242.3 552.7
Principal payments on line of credit, long-term debt and finance lease obligations (187.3) (357.9)
Proceeds from floor plan payable with unaffiliated source 98.8 72.8
Payments on floor plan payable with unaffiliated source (81.3) (74.4)
Preferred stock dividends paid (2.2) (1.8)
Common stock dividends paid and declared (1.8)  
Payment of promissory note   (1.0)
Other financing activities (1.2)  
Net cash used in financing activities 67.3 35.8
Effect of exchange rate changes on cash (0.1)  
NET CHANGE IN CASH (0.2) 0.0
Cash, Beginning of year 2.3 1.2
Cash, End of period 2.1 1.2
Noncash asset purchases:    
Net transfer of assets from inventory to rental fleet within property and equipment 101.0 133.2
Supplemental disclosures of cash flow information    
Cash paid for interest $ 15.2 $ 9.4