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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING ACTIVITIES    
Net loss $ (20.9) $ (11.9)
Adjustments to reconcile net loss to net cash flows used in operating activities    
Depreciation and amortization 32.4 34.0
Amortization of debt discount and debt issuance costs 1.0 0.4
Imputed interest 0.1  
Gain on sale of property and equipment (0.1)  
Gain on sale of rental equipment (4.9) (8.1)
Provision for inventory obsolescence 1.3 0.5
Provision for losses on accounts receivable 1.6 1.7
Change in fair value of derivative instruments (0.2) (0.1)
Stock-based compensation expense 1.1 1.3
Changes in deferred income taxes (2.1)  
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (9.1) 8.0
Inventories (41.6) (66.3)
Proceeds from sale of rental equipment - rent-to-sell 18.6 26.0
Prepaid expenses and other assets (3.1) 5.0
Manufacturers floor plans payable (6.0) 0.4
Accounts payable, accrued expenses, customer deposits, and other current liabilities 15.4 (0.2)
Leases, deferred revenue, net of current portion and other liabilities (1.0) (4.2)
Net cash used in operating activities (17.5) (13.5)
INVESTING ACTIVITIES    
Expenditures for rental equipment (12.0) (12.9)
Expenditures for property and equipment (1.7) (4.4)
Proceeds from sale of property and equipment 0.2 0.1
Proceeds from sale of rental equipment - rent-to-rent 2.3 1.6
Acquisitions of businesses, net of cash acquired (2.9)  
Other investing activities (0.2) (0.9)
Net cash used in investing activities (14.3) (16.5)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 96.1 72.8
Principal payments on long-term debt and finance lease obligations (61.6) (61.9)
Proceeds from non-manufacturer floor plan payable 22.5 41.0
Payments on non-manufacturer floor plan payable (24.0) (39.1)
Preferred stock dividends paid (0.8) (0.8)
Common stock dividends declared and paid (1.9) (1.9)
Other financing activities (0.8) (5.5)
Net cash provided by financing activities 29.5 4.6
NET CHANGE IN CASH (2.3) (25.4)
Cash, Beginning of year 13.4 31.0
Cash, End of period 11.1 5.6
Noncash asset purchases:    
Net transfer of assets from inventory to rental fleet 28.4 38.8
Supplemental disclosures of cash flow information    
Cash paid for interest $ 9.9 10.6
Cash paid for income taxes   $ 0.2