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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 192,100 $ 168,100
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 55,200 45,400
Debt issuance cost amortization 2,300 1,700
Stock-based compensation expense 13,100 7,500
Deferred income taxes (7,400) (6,000)
Other (500) (500)
Changes in assets and liabilities that relate to operations:    
Receivables 58,800 14,500
Inventories 29,800 240,200
Other assets 1,600 10,500
Notes payable - floor plan - trade (12,300) (552,400)
Trade accounts payable and other liabilities (26,400) 36,400
Total adjustments 114,200 (202,700)
Net cash provided by (used in) operating activities 306,300 (34,600)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of businesses, net of cash acquired (28,400) (28,600)
Purchases of land, property and equipment (100,400) (105,100)
Proceeds from sales of property and equipment 10,000 700
Proceeds from sales of dealerships 0 3,800
Net cash provided by (used in) investing activities (118,800) (129,200)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade 24,900 314,300
Borrowings on revolving credit facilities 0 4,900
Repayments on revolving credit facilities 0 (4,900)
Debt issuance costs 300 (4,700)
Principal payments and repurchase of long-term debt (24,700) (30,700)
Purchases of treasury stock (93,100) (42,200)
Finance Lease, Principal Payments 3,100 2,100
Issuance of shares under stock compensation plans 1,300 6,800
Dividends paid (15,000) (8,300)
Net cash provided by (used in) financing activities (159,800) 233,100
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 27,700 69,300
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 299,400 170,300
CASH AND CASH EQUIVALENTS, END OF PERIOD 327,100 239,600
Cash paid (received) during the period for:    
Interest, including amount capitalized 52,600 29,600
Income taxes $ 59,000 $ 54,400

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