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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (7,970) $ 11,428
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 4,905 6,182
Equity-based awards 2,392 2,572
Loss (gain) on asset disposals (34) 171
Non-cash interest expense 484 2,217
Deferred income tax provision 1,828 1,185
Change in fair value of contingent consideration 572 (1,409)
Loss on equity investment 112 260
(Increase) decrease in assets:    
Accounts receivable 20,240 (5,466)
Inventories (97,223) (147,832)
Prepaid expenses and other current assets (12,388) 13,648
Other assets (1,869) (729)
Increase (decrease) in liabilities:    
Accounts payable (8,216) (1,464)
Other payables and accrued expenses (12,196) (12,437)
Customer deposits (671) (6,376)
Net cash used in operating activities (110,034) (138,050)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment and construction in progress (4,924) (6,416)
Proceeds from disposal of property and equipment 59 47
Cash used for additions to intangible assets (428) 0
Cash used in acquisitions, net of cash acquired 0 (28,611)
Proceeds from disposal of a business 45,100 0
Net cash provided by (used in) investing activities 39,807 (34,980)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings from floor plan 73,791 156,032
Proceeds from long-term debt 20,000 20,000
Payments on long-term debt (38,457) (379)
Payments of debt issuance costs (74) 0
Payments of contingent consideration 0 (4,300)
Payments of tax withholdings for equity-based awards (1,552) (754)
Distributions to members (3,789) (319)
Purchase of non-controlling interest (18,840) 0
Net cash provided by financing activities 31,079 170,280
Effects of exchange rate changes on cash and restricted cash (9) 11
Net change in cash (39,157) (2,739)
Cash and restricted cash at beginning of period 93,310 60,947
Cash and restricted cash at end of period 54,153 58,208
Supplemental cash flow disclosures:    
Cash paid for interest 16,480 10,146
Cash paid for income taxes 455 2,897
Noncash items:    
Acquisition purchase price funded by contingent consideration 0 2,550
Purchase of property and equipment funded by long-term debt 82 792
Right-of-use assets obtained in exchange for new operating lease liabilities 1,931 6,314
Acquisition purchase price funded by affiliate financing 0 10,600
Settlement of affiliate financing with proceeds from sale and leaseback $ 0 $ 10,600