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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net income $ 11,428 $ 23,486
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 6,182 1,749
Equity-based awards 2,572 2,100
Loss (gain) on asset disposals 171 (37)
Non-cash interest expense 2,217 200
Deferred income tax provision 1,185 1,659
Change in fair value of contingent consideration (1,409) 5,746
Loss on equity investment 260 0
(Increase) decrease in assets:    
Accounts receivable (5,466) 240
Inventories (147,832) (71,660)
Prepaid expenses and other current assets 13,648 2,137
Other assets (729) (14)
Increase (decrease) in liabilities:    
Accounts payable (1,464) 13,911
Other payables and accrued expenses (12,437) (6,414)
Tax receivable agreement liability 0 313
Customer deposits (6,376) 3,759
Net cash used in operating activities (138,050) (22,825)
Cash flows from investing activities    
Purchases of property and equipment and construction in progress (6,416) (3,428)
Proceeds from disposal of property and equipment 47 6
Cash used in acquisitions, net of cash acquired (28,611) (278,798)
Net cash used in investing activities (34,980) (282,220)
Cash flows from financing activities    
Net borrowings from floor plan 156,032 81,403
Proceeds from long-term debt 20,000 240,000
Payments on long-term debt (379) (5,507)
Payments of debt issuance costs 0 (3,979)
Payments of contingent consideration (4,300) 0
Payments of tax withholdings for equity-based awards (754) (468)
Distributions to members (319) (5,584)
Net cash provided by financing activities 170,280 305,865
Effect of exchange rate changes on cash and restricted cash 11 0
Net change in cash (2,739) 820
Cash and restricted cash at beginning of period 60,947 73,949
Cash and restricted cash at end of period 58,208 74,769
Supplemental cash flow disclosures    
Cash paid for interest 10,146 2,206
Cash paid for income taxes 2,897 702
Noncash items    
Acquisition purchase price funded by seller notes payable 0 1,126
Acquisition purchase price funded by contingent consideration 2,550 9,967
Accrued purchase consideration 0 5,353
Acquisition purchase price funded by issuance of Class A common stock 0 6,834
Purchase of property and equipment funded by long-term debt 792 231
Right-of-use assets obtained in exchange for new operating lease liabilities 6,314 31,529
Acquisition purchase price funded by affiliate financing 10,600 0
Settlement of affiliate financing with proceeds from sale and leaseback $ 10,600 $ 0