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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (116,230) $ (6,176) $ (39,111)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 24,440 22,187 26,789
Equity-based compensation 10,499 8,443 8,962
Loss on asset disposals 298 36 221
Loss on disposal of a business 0 0 750
Restructuring and impairment 145,844 539 147,402
Non-cash interest expense 4,623 2,099 10,129
Deferred income tax provision (35,852) (334) (23,030)
Change in fair value of contingent consideration (2,133) 1,763 (1,604)
Loss on equity investment 61 198 446
(Increase) decrease in assets:      
Accounts receivable 15,215 (1,477) (10,051)
Inventories 47,911 24,636 (232,285)
Prepaid expenses and other current assets 32,147 (17,939) 10,308
Other assets (1,067) 4,574 (3,188)
Increase (decrease) in liabilities:      
Accounts payable 11,652 233 197
Other payables and accrued expenses (3,998) (13,381) (7,643)
Tax receivable agreement liability (2,795) (2,602) (3,227)
Customer deposits (38,862) 12,040 (14,825)
Net cash provided by (used in) operating activities 91,753 34,839 (129,760)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment and construction in progress (12,019) (25,918) (21,251)
Proceeds from disposal of property and equipment 416 757 567
Cash used for additions to intangible assets (714) (909) (2,823)
Cash received (used) in acquisitions 713 (5,712) (28,882)
Proceeds from disposal of a business 0 45,100 788
Net cash (used in) provided by investing activities (11,604) 13,318 (51,601)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (payments) borrowings from floor plan (23,704) (45,638) 219,688
Proceeds from long-term debt 27,524 43,392 30,000
Payments on long-term debt (42,146) (78,381) (18,338)
Payments of debt issuance costs (935) (2,221) 0
Payments of contingent consideration (2,419) (5,888) (12,574)
Proceeds from issuance of Class A common stock as part of employee stock purchase plan 1,187 1,520 2,092
Payments of tax withholdings for equity-based awards (1,846) (2,641) (1,971)
Distributions to members (275) (5,415) (3,603)
Purchase of non-controlling interest 0 (18,840) 0
Repurchase and retirement of Class A common stock 0 0 (1,579)
Net cash (used in) provided by financing activities (42,614) (114,112) 213,715
Effects of exchange rate changes on cash and restricted cash (52) (18) 9
Net change in cash and restricted cash 37,483 (65,973) 32,363
Cash and restricted cash at beginning of period 27,337 93,310 60,947
Cash and restricted cash at end of period 64,820 27,337 93,310
Supplemental cash flow disclosures      
Cash paid for interest 61,041 75,957 49,508
Cash (received) paid for income taxes and income tax refunds (5,936) 5,495 23,322
Noncash items      
Acquisition purchase price funded by contingent consideration 0 0 2,550
Purchase of property and equipment funded by long-term debt 219 156 1,122
Acquisition purchase price funded by affiliate financing 0 0 10,600
Settlement of affiliate financing with proceeds from sale and leaseback $ 0 $ 0 $ 10,600