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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,465 $ 65,840
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 12,542 6,541
Equity-based awards 5,063 4,813
Loss (gain) on asset disposals 210 (14)
Non-cash interest expense 3,077 626
Deferred income tax provision 1,453 3,463
Change in fair value of contingent consideration 327 7,904
Loss on equity investment 280 0
(Increase) decrease in assets:    
Accounts receivable (22,893) (44,119)
Inventories (214,150) (113,879)
Prepaid expenses and other current assets 11,181 (14,189)
Other assets (1,812) (50)
Increase (decrease) in liabilities:    
Accounts payable 5,726 26,363
Other payables and accrued expenses (1,288) 4,810
Tax receivable agreement liability 0 313
Customer deposits (7,440) 8,156
Net cash used in operating activities (169,259) (43,422)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment and construction in progress (12,029) (7,993)
Proceeds from disposal of property and equipment 287 22
Cash used for additions to intangible assets (26) 0
Cash used in acquisitions, net of cash acquired (28,611) (288,894)
Net cash used in investing activities (40,379) (296,865)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings from floor plan 216,063 140,619
Proceeds from long-term debt 30,000 240,000
Payments on long-term debt (11,874) (13,842)
Payments of debt issuance costs 0 (4,053)
Payments of contingent consideration (11,787) (53)
Payments of tax withholdings for equity-based awards (1,140) (923)
Proceeds from issuance of Class A common stock as part of employee stock purchase plan 1,063 0
Distributions to members (391) (6,453)
Repurchase and retirement of Class A common stock (1,579) 0
Net cash provided by financing activities 220,355 355,295
Effects of exchange rate changes on cash and restricted cash 19 0
Net change in cash 10,736 15,008
Cash and restricted cash at beginning of period 60,947 73,949
Cash and restricted cash at end of period 71,683 88,957
Supplemental cash flow disclosures:    
Cash paid for interest 23,362 5,925
Cash paid for income taxes 13,388 6,310
Noncash items:    
Acquisition purchase price funded by seller notes payable 0 1,126
Acquisition purchase price funded by contingent consideration 2,550 15,321
Accrued purchase consideration 0 0
Acquisition purchase price funded by issuance of Class A common stock 0 6,834
Purchase of property and equipment funded by long-term debt 1,053 529
Right-of-use assets obtained in exchange for new operating lease liabilities 7,978 36,174
Acquisition purchase price funded by affiliate financing 10,600 0
Settlement of affiliate financing with proceeds from sale and leaseback $ 10,600 $ 0