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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (199,333) $ 42,221
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 21,540 22,198
Provision for bad debt expense 134 159
Debt issuance cost amortization 557 591
Stock-based compensation expense 2,427 2,814
Deferred income taxes (53,999) (2,816)
Net distributions from equity investee 448 379
Asset impairment charges 268,000 1,952
Loss (gain) on disposal of dealerships and property and equipment (39) (46,785)
Loss (gain) on exit of leased dealerships 0 (170)
Changes in assets and liabilities that relate to operations:    
Receivables 231,732 66,814
Inventories (90,342) (40,210)
Other assets (89,114) (66,967)
Notes payable - floor plan - trade (33,579) (57,984)
Trade accounts payable and other liabilities (105,630) (16,525)
Total adjustments 152,135 (136,550)
Net cash provided by (used in) operating activities (47,198) (94,329)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of land, property and equipment (19,805) (30,619)
Proceeds from sales of property and equipment 194 1,125
Proceeds from sales of dealerships 0 121,700
Net cash provided by (used in) investing activities (19,611) 92,206
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade (41,223) 9,841
Borrowings on revolving credit facilities 460,916 126,185
Repayments on revolving credit facilities (250,916) (126,185)
Debt issuance costs (24) 0
Principal payments and repurchase of long-term debt (5,777) (6,011)
Purchases of treasury stock (21,286) (2,333)
Finance Lease, Principal Payments 337 0
Issuance of shares under stock compensation plans 1 59
Dividends paid (4,314) (2,565)
Net cash provided by (used in) financing activities 219,486 (1,009)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 152,677 (3,132)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 29,103 5,854
CASH AND CASH EQUIVALENTS, END OF PERIOD 181,780 2,722
SUPPLEMENTAL SCHEDULE OF NON-CASH FINANCING ACTIVITIES:    
Change in fair value of interest rate swap and interest rate cap agreements (net of tax expense of $1,563 and $1,099 in the nine months ended September 30, 2018 and 2017, respectively) (272) (1,861)
Cash paid (received) during the period for:    
Interest, including amount capitalized 25,359 26,945
Income taxes $ 3 $ 10,277

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