Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 71,800 $ 157,400
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 105,000 96,200
Debt issuance cost amortization 4,900 4,200
Stock-based compensation expense 17,300 18,000
Deferred income taxes (58,800) (10,700)
Asset impairment charges 173,800 2,400
Loss (gain) on disposal of dealerships and property and equipment 6,400 600
Other 700 1,200
Loss (gain) on exit of leased dealerships   3,000
Changes in assets and liabilities that relate to operations:    
Receivables 59,500 100,600
Inventories 62,100 (347,300)
Other assets 6,700 (69,500)
Notes payable - floor plan - trade (7,100) 7,800
Trade accounts payable and other liabilities 58,200 60,600
Total adjustments 428,700 (135,900)
Net cash provided by (used in) operating activities 500,500 21,500
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of businesses, net of cash acquired (440,300) 0
Purchases of land, property and equipment (112,600) (145,900)
Proceeds from sales of property and equipment 49,000 50,700
Proceeds from sales of dealerships 9,600 8,200
Net cash provided by (used in) investing activities (494,300) (87,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade (229,200) 99,600
Borrowings on revolving credit facilities 93,100 77,500
Repayments on revolving credit facilities (93,100) (77,500)
Proceeds from issuance of long-term debt 0 78,000
Debt issuance costs 1,300 (5,700)
Principal payments and repurchase of long-term debt (101,400) (57,900)
Purchases of treasury stock (44,100) (27,100)
Finance Lease, Principal Payments 7,900 6,900
Issuance of shares under stock compensation plans 500 4,800
Dividends paid (35,800) (30,600)
Net cash provided by (used in) financing activities 39,200 54,200
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 45,400 (11,300)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 44,000 28,900
CASH AND CASH EQUIVALENTS, END OF PERIOD 89,400 17,600
Cash paid (received) during the period for:    
Interest, including amount capitalized 127,200 135,900
Income taxes $ 89,400 $ 51,200