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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income (loss) $ 1.0 $ (1.2)
Adjustments to reconcile net income (loss) to net cash flows used in operating activities:    
Depreciation and amortization 28.1 24.2
Amortization of debt discount and debt issuance costs 0.3 0.3
Imputed interest 0.3 0.1
Gain on sale of rental equipment (8.1) (6.8)
Provision for inventory obsolescence 0.1 1.1
Provision for losses on accounts receivable 1.5 1.2
Stock based compensation expense 0.8 0.3
Changes in deferred income taxes (0.1)  
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 1.3 (7.8)
Inventories (114.3) (82.6)
Proceeds from sale of rental equipment 29.0 40.8
Prepaid expenses and other assets (5.2) 1.7
Manufacturers floor plans payable 57.0 21.7
Accounts payable, accrued expenses, customer deposits, and other current liabilities (6.5) 0.2
Leases, deferred revenue and other liabilities (5.3) 0.1
Net cash used in operating activities (20.1) (6.7)
INVESTING ACTIVITIES    
Expenditures for rental equipment (14.6) (15.1)
Expenditures for property and equipment (3.1) (1.8)
Proceeds from sale of property and equipment   0.1
Expenditures for guaranteed purchase obligations 0.5 (0.6)
Expenditures for acquisitions, net of cash acquired (1.7) (1.2)
Net cash used in investing activities (18.9) (18.6)
FINANCING ACTIVITIES    
Proceeds from line of credit and long-term borrowings 97.0 86.3
Principal payments on line of credit, long-term debt and finance lease obligations (59.8) (71.6)
Proceeds from floor plan payable with unaffiliated source 50.7 30.2
Payments on floor plan payable with unaffiliated source (49.7) (19.5)
Preferred stock dividends paid (0.8) (0.8)
Common stock dividends paid and declared (1.9)  
Other financing activities 2.4  
Net cash used in financing activities 37.9 24.6
Effect of exchange rate changes on cash 0.1  
NET CHANGE IN CASH (1.0) (0.7)
Cash, Beginning of year 2.7 2.3
Cash, End of period 1.7 1.6
Noncash asset purchases:    
Net transfer of assets from inventory to rental fleet within property and equipment 42.7 29.5
Supplemental disclosures of cash flow information    
Cash paid for interest $ 6.8 $ 1.3