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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities      
Net income $ 116,413 $ 48,508 $ 37,263
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 5,411 3,249 2,682
Equity-based compensation 5,741 2,213 154
(Gain) loss on asset disposals (94) 10 1,371
Change in fair value of warrant liability 0 (771) (1,336)
Loss on extinguishment of debt 0 6,559 0
Non-cash interest expense 659 477 3,478
Deferred income tax provision 3,728 509 0
Loss (gain) on contingent consideration 2,872 5,520 (1,674)
(Increase) decrease in assets:      
Accounts receivable (9,531) (3,185) (2,344)
Inventories 25,289 127,214 (38,954)
Prepaid expenses and other current assets (18,924) (7,984) (5,565)
Deposits (173) (5) 2
Increase (decrease) in liabilities:      
Accounts payable (26) 7,235 (966)
Other payables and accrued expenses 4,010 10,528 614
Customer deposits 24,048 12,400 (450)
Net cash provided by operating activities 159,423 212,477 (5,725)
Cash flows from investing activities      
Purchases of property and equipment and construction in progress (9,896) (6,309) (7,291)
Proceeds from disposal of property and equipment 233 1,637 73
Proceeds from sale and leaseback 0 0 15,623
Cash used in acquisitions (107,467) 0 (19,403)
Net cash used in investing activities (117,130) (4,672) (10,998)
Cash flows from financing activities      
Net (payments) borrowings from floor plan (23,497) (101,342) 24,401
Proceeds from long-term debt 30,000 129,306 13,801
Payments on long-term debt (8,878) (121,800) (9,942)
Payments of debt issuance costs (701) (3,910) (203)
Payments of debt extinguishment costs 0 (4,207) 0
Payments of initial public offering costs 0 (5,646) (1,148)
Payments of September offering costs (540) 0 0
Payment of acquisition contingent consideration 0 (1,456) 0
Distributions to redeemable preferred interest members 0 (90,503) (3,364)
Proceeds from issuance of Class A common stock sold in initial public offering, net of underwriting discounts and commissions 0 59,234 0
Proceeds from issuance of Class A common stock sold in September offering, net of underwriting discounts and commissions 0 8,075 0
Payments of tax withholdings for equity-based awards (802) 0 0
Dividends and distributions (27,070) 0 0
Distributions to members (5,009) (18,895) (11,087)
Net cash used in financing activities (36,497) (151,144) 12,458
Net change in cash 5,796 56,661 (4,265)
Cash and restricted cash at beginning of period 68,153 11,492 15,757
Cash and restricted cash at end of period 73,949 68,153 11,492
Supplemental cash flow disclosures      
Cash paid for interest 6,251 17,212 12,485
Cash paid for income taxes 28,537 246 0
Noncash items      
Acquisition purchase price funded by long-term debt 0 0 18,800
Acquisition purchase price funded by seller notes payable 2,056 0 10,438
Acquisition purchase price funded by contingent consideration 9,200 0 0
Acquisition purchase price funded by issuance of Class A common stock 1,495 0 0
Accrued purchase consideration 1,889 0 0
Purchase of property and equipment funded by long-term debt 1,820 1,190 1,067
Dividends payable 1,035 0 0
Distributions payable 4,964 0 0
Offering costs, accrued not yet paid 0 430 1,500
Initial operating lease right-of-use-assets for adoption of Topic 842 $ 71,823 $ 0 $ 0