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
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 25,000 $ 83,200
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment 69,400 63,400
Debt issuance cost amortization 3,200 2,900
Stock-based compensation expense 11,500 12,500
Deferred income taxes (55,200) (7,200)
Asset impairment charges 173,800 2,400
Loss (gain) on disposal of dealerships and property and equipment 3,800 800
Other 600 900
Loss (gain) on exit of leased dealerships 1,000 3,000
Changes in assets and liabilities that relate to operations:    
Receivables 105,200 96,600
Inventories (26,500) (376,900)
Other assets 7,100 7,400
Notes payable - floor plan - trade (3,300) 12,200
Trade accounts payable and other liabilities 18,000 35,500
Total adjustments 307,600 (149,500)
Net cash provided by (used in) operating activities 332,600 (66,300)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of businesses, net of cash acquired (359,900) 0
Purchases of land, property and equipment (79,100) (92,600)
Proceeds from sales of property and equipment 17,100 27,400
Net cash provided by (used in) investing activities (421,900) (61,800)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (repayments) borrowings on notes payable - floor plan - non-trade (299,500) 186,300
Borrowings on revolving credit facilities 10,200 62,300
Repayments on revolving credit facilities (10,200) (62,300)
Debt issuance costs 900 (5,400)
Principal payments and repurchase of long-term debt (69,900) (44,600)
Purchases of treasury stock (44,100) (27,100)
Finance Lease, Principal Payments 5,200 4,100
Issuance of shares under stock compensation plans 100 3,700
Dividends paid (23,800) (20,400)
Net cash provided by (used in) financing activities 155,700 166,400
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 66,400 38,300
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 44,000 28,900
CASH AND CASH EQUIVALENTS, END OF PERIOD 110,400 67,200
Cash paid (received) during the period for:    
Interest, including amount capitalized 93,000 94,900
Income taxes $ 8,100 $ 40,200