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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash $ 6,400,000  
Accounts receivable, net 120,000,000 $ 101,200,000
Inventories, net 206,700,000 137,200,000
Prepaid expenses and other current assets 10,000,000 5,700,000
Total current assets 343,100,000 244,100,000
PROPERTY AND EQUIPMENT, NET 280,300,000 196,500,000
OTHER ASSETS    
Goodwill 21,700,000 8,600,000
Intangible assets, net 17,100,000 3,000,000
Other assets 2,100,000 2,000,000
Total other assets 40,900,000 13,600,000
TOTAL ASSETS 664,300,000 454,200,000
CURRENT LIABILITIES    
Lines of credit, net 109,300,000 72,500,000
Current portion of long-term debt 7,800,000 7,100,000
Accounts payable 49,300,000 31,100,000
Customer deposits 7,300,000 7,200,000
Accrued expenses 21,500,000 16,000,000
Other current liabilities 15,200,000 9,300,000
Total current liabilities 375,400,000 343,400,000
LONG-TERM LIABILITIES    
Long-term debt, net of current portion 137,900,000 86,500,000
Capital lease obligations, net of current portion 1,000,000 1,400,000
Buyback residual obligations, net of current portion 800,000 700,000
Guaranteed purchase obligation, net of current portion 7,700,000 9,000,000
Lease liability, net of current portion 3,100,000 3,700,000
Deferred tax liability 17,500,000  
Other liabilities 6,700,000 3,100,000
Warrant liability 0 29,600,000
TOTAL LIABILITIES 550,100,000 477,400,000
CONTINGENCIES - NOTE 11
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, $0.0001 par value, 1,000,000 authorized and no shares outstanding at June 30, 2020
Additional paid-in capital 180,400,000  
Treasury stock (2,900,000)  
Retained deficit (63,300,000) (23,200,000)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 114,200,000 (23,200,000)
New Equipment    
CURRENT LIABILITIES    
Floor plan payable 119,100,000 87,700,000
Used and Rental Equipment    
CURRENT LIABILITIES    
Floor plan payable $ 45,900,000 $ 112,500,000