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CONDENSED CONSOLIDATED STATEMENTS of CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2020
Mar. 31, 2019
Sep. 30, 2019
Cash flows from operating activities                
Net income (loss) $ 2,957 $ 2,979 $ (1,067) $ (2,951) $ 2,510 $ 1,912 $ (441)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:                
Depreciation and amortization   791       1,551 1,192  
Equity-based awards           818 77  
Loss on asset disposals           90 50  
Change in fair value of long-term warrant liability   0       (771) 7,600  
Non-cash interest expense           3,307 1,406  
Non-cash gain on settlement of contingent consideration           0 (1,655)  
(Increase) decrease in assets:                
Accounts receivable           (4,547) (14,959)  
Inventories           (56,039) (86,863)  
Prepaid expenses and other current assets           (4,495) 480  
Deposits           (19) 14  
Increase (decrease) in liabilities:                
Accounts payable           2,273 6,412  
Other payables and accrued expenses           251 1,549  
Customer deposits           8,589 6,668  
Net cash used in operating activities           (47,080) (78,470)  
Cash flows from investing activities                
Purchases of property and equipment and construction in progress           (3,392) (3,512)  
Proceeds from disposal of property and equipment           1,574 50  
Cash used in acquisitions           0 (2,111)  
Net cash used in investing activities           (1,818) (5,573)  
Cash flows from financing activities                
Net borrowings from floor plan           68,886 81,320  
Proceeds from long-term debt           35,155 7,000  
Payments on long-term debt           (4,155) (465)  
Payments of debt issuance costs           (791) 0  
Payments of offering costs           (3,789) 0  
Payment of acquisition contingent consideration           (1,457) 0  
Distributions to redeemable preferred interest members           (90,503) (823)  
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and commissions           59,234 0  
Distributions to members           (4,206) (1,725)  
Net cash provided by financing activities           58,374 85,307  
Net change in cash           9,476 1,264  
Cash and restricted cash at beginning of period     $ 11,492   $ 15,757 11,492 15,757 $ 15,757
Cash and restricted cash at end of period $ 20,968 $ 20,968   $ 17,021   20,968 17,021 $ 11,492
Supplemental cash flow disclosures                
Cash paid for interest           6,187 5,113  
Noncash items                
Acquisition purchase price funded by long-term debt           0 8,500  
Acquisition purchase price funded by seller notes payable           0 8,274  
Purchase of property and equipment funded by long-term debt           625 993  
Offering costs, accrued not yet paid           $ 600 $ 0