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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (6,176) $ (39,111) $ 152,611
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation and amortization 22,187 26,789 16,296
Equity-based compensation 8,443 8,962 10,013
Loss (gain) on asset disposals 36 221 (135)
Loss on disposal of a business 0 750 0
Restructuring and impairment 539 147,402 0
Loss on extinguishment of debt 0 0 356
Non-cash interest expense 2,099 10,129 3,250
Deferred income tax provision (334) (23,030) 5,741
Change in fair value of contingent consideration 1,763 (1,604) 10,380
Loss on equity investment 198 446 1,228
(Increase) decrease in assets:      
Accounts receivable (1,477) (10,051) (3,711)
Inventories 24,636 (232,285) (167,183)
Prepaid expenses and other current assets (17,939) 10,308 (34,357)
Other assets 4,574 (3,188) (1,940)
Increase (decrease) in liabilities:      
Accounts payable 233 197 6,424
Other payables and accrued expenses (13,381) (7,643) 4,140
Tax receivable agreement liability (2,602) (3,227) (67)
Customer deposits 12,040 (14,825) 4,401
Net cash provided by (used in) operating activities 34,839 (129,760) 7,447
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment and construction in progress (25,918) (21,251) (11,403)
Proceeds from disposal of property and equipment 757 567 345
Purchases of equity investments 0 0 (2,000)
Cash used for additions to intangible assets (909) (2,823) (4,246)
Cash used in acquisitions, net of cash acquired (5,712) (28,882) (459,540)
Proceeds from disposal of a business 45,100 788 0
Net cash provided by (used in) investing activities 13,318 (51,601) (476,844)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (payments) borrowings from floor plan (45,638) 219,688 152,874
Proceeds from long-term debt 43,392 30,000 412,492
Payments on long-term debt (78,381) (18,338) (88,033)
Payments of debt issuance costs (2,221) 0 (9,095)
Payments of contingent consideration (5,888) (12,574) (371)
Proceeds from issuance of Class A common stock as part of employee stock purchase plan 1,520 2,092 0
Payments of tax withholdings for equity-based awards (2,641) (1,971) (1,628)
Distributions to members (5,415) (3,603) (9,482)
Purchase of non-controlling interest (18,840) 0 0
Repurchase and retirement of Class A common stock 0 (1,579) (354)
Net cash (used in) provided by financing activities (114,112) 213,715 456,403
Effects of exchange rate changes on cash and restricted cash (18) 9 (8)
Net change in cash and restricted cash (65,973) 32,363 (13,002)
Cash and restricted cash at beginning of period 93,310 60,947 73,949
Cash and restricted cash at end of period 27,337 93,310 60,947
Supplemental cash flow disclosures      
Cash paid for interest 75,957 49,508 14,598
Cash paid for income taxes 5,495 23,322 35,229
Noncash items      
Acquisition purchase price funded by seller notes payable 0 0 1,126
Acquisition purchase price funded by contingent consideration 0 2,550 15,321
Acquisition purchase price funded by issuance of Class A common stock 0 0 14,627
Purchase of property and equipment funded by long-term debt 156 1,122 2,087
Acquisition purchase price funded by affiliate financing 0 10,600 0
Settlement of affiliate financing with proceeds from sale and leaseback $ 0 $ 10,600 $ 0