← AUTONATION, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $430.5m | $434.6m | $396.0m | $450.0m | $381.6m | $1.4b | $1.4b | $1.0b | $692.2m | $649.1m | |
| Income from discontinued operations | $1.2m | $400k | ($100k) | $800k | $200k | $300k | $300k | ($900k) | $0 | $0 | |
| Net cash provided by continuing operations | ($35.6m) | ($307.4m) | $510.4m | $769.2m | $1.2b | $1.6b | $1.7b | $724.3m | $12.3m | $557.5m | |
| Net cash used in discontinued operations | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $431.7m | $435.0m | $395.9m | $450.8m | $381.8m | $1.4b | $1.4b | $1.0b | $692.2m | $649.1m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($1.2m) | ($400k) | $100k | ($800k) | ($200k) | ($300k) | ($300k) | $900k | $0 | $0 | |
| Amortization of Debt Issuance Costs and Discounts | $5.4m | $5.6m | $5.4m | $5.2m | $4.7m | $4.9m | $7.2m | $9.6m | $8.9m | $8.6m | |
| Amortization of debt issuance costs and accretion of debt discounts | $5.4m | $5.6m | $5.4m | $5.2m | $4.7m | $4.9m | $7.2m | $9.6m | $8.9m | $8.6m | |
| Depreciation and amortization | $143.4m | $158.6m | $166.2m | $180.5m | $198.9m | $193.3m | $200.3m | $220.5m | $240.7m | $251.4m | |
| Deferred Income Tax Expense (Benefit) | $3.7m | ($22.1m) | $10.9m | $45.8m | ($39.0m) | ($17.2m) | $800k | $19.0m | ($3.8m) | $11.2m | |
| Deferred income tax provision (benefit) | $3.7m | ($19.0m) | $14.5m | $45.8m | ($38.9m) | ($17.4m) | $1.3m | $20.1m | ($1.4m) | $11.2m | |
| Franchise rights impairment | $0 | $0 | $8.1m | $9.6m | $57.5m | $0 | $0 | $0 | $12.5m | $93.7m | |
| Goodwill impairment | — | — | $0 | $0 | $318.3m | $0 | $0 | $0 | $0 | $65.3m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $318.3m | $0 | $0 | — | — | $65.3m | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $8.1m | $9.6m | $57.5m | $0 | $0 | — | $12.5m | $93.7m | |
| Other impairment charges | $14.0m | $26.4m | $3.2m | $2.2m | $14.7m | $3.2m | $1.6m | $5.2m | $9.3m | $37.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $2.7m | $3.0m | $8.1m | $18.0m | $31.3m | $27.4m | $19.1m | $20.3m | |
| Share-based Payment Arrangement, Noncash Expense | $25.1m | $20.6m | $25.5m | $31.1m | $30.2m | $35.0m | $31.5m | $39.7m | $36.5m | $46.5m | |
| Gain (Loss) on Disposition of Assets | $62.6m | $95.4m | $57.6m | $44.9m | $7.9m | $18.1m | $16.3m | $9.1m | $55.1m | $8.4m | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $270.6m | $201.5m | $133.5m | $161.8m | $168.3m | $435.1m | $455.8m | $330.0m | $224.5m | $235.4m | |
| Loss (gain) on equity investments | — | — | $0 | ($25.7m) | ($131.5m) | ($10.9m) | ($2.9m) | ($5.2m) | $7.0m | $7.9m | |
| Net gain related to business/property dispositions | ($62.6m) | ($95.4m) | ($57.6m) | ($44.9m) | ($7.9m) | ($18.1m) | ($16.3m) | ($9.1m) | ($55.1m) | ($8.4m) | |
| Other Nonoperating Income (Expense) | $3.7m | $9.3m | $200k | $33.6m | $144.1m | $24.3m | ($14.7m) | $24.4m | $9.8m | $13.4m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | ($5.8m) | $500k | $1.7m | ($17.6m) | $47.7m | $57.2m | ($68.9m) | $8.1m | $34.7m | ($9.9m) | |
| Accrued capital expenditures | $244.5m | $310.1m | $387.0m | $269.3m | $156.0m | $215.7m | $329.0m | $410.3m | $328.5m | $309.4m | |
| Auto loans receivable, net | — | — | — | — | — | $0 | $0 | ($229.9m) | ($877.1m) | ($1.2b) | |
| Collections on auto loans receivable acquired through third-party dealers | — | — | — | — | $0 | $0 | $36.4m | $135.0m | $79.0m | $17.5m | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $61.8m | $78.2m | $40.3m | $29.7m | $2.5m | $13.3m | $16.0m | $6.1m | $53.9m | $1.7m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | $0 | — | — | $10.9m | $2.9m | $5.2m | ($7.0m) | ($7.9m) | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $0 | — | — | $7.5m | $0 | $0 | $0 | $0 | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | $0 | ($25.7m) | ($131.5m) | $3.4m | $2.9m | $5.2m | ($7.0m) | ($7.9m) | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | $43.8m | $45.9m | $54.7m | $81.1m | |
| Gain (Loss) on Investments | — | — | $0 | ($25.7m) | $131.5m | $10.9m | $2.9m | $5.2m | ($7.0m) | ($7.9m) | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | $0 | $0 | $8.1m | $7.4m | $0 | |
| Gain on corporate-owned life insurance asset | — | — | — | — | ($12.3m) | ($12.7m) | $19.4m | ($16.4m) | ($14.5m) | ($19.1m) | |
| Gain on sale of auto loans receivable | — | — | — | — | — | $0 | $0 | ($8.1m) | ($7.4m) | $0 | |
| Goodwill | $1.5b | $1.5b | $1.5b | $1.5b | $1.2b | $1.2b | $1.3b | $1.5b | $1.5b | $1.4b | |
| Increase (Decrease) in Accounts Payable | ($5.8m) | $500k | $1.7m | ($17.6m) | $47.7m | $57.2m | ($68.9m) | $8.1m | $34.7m | ($9.9m) | |
| Increase (Decrease) in Inventories | ($259.1m) | ($39.3m) | $319.5m | ($296.0m) | ($703.6m) | ($800.4m) | $175.5m | $950.1m | $398.5m | ($14.0m) | |
| Increase (Decrease) in Other Operating Assets | $33.6m | $37.0m | $107.9m | ($49.5m) | ($85.6m) | ($92.2m) | $58.4m | $84.2m | ($32.2m) | ($44.5m) | |
| Increase (Decrease) in Other Operating Liabilities | $43.8m | $139.1m | ($2.0m) | ($22.1m) | $63.2m | $73.0m | ($24.3m) | $21.6m | $76.7m | ($98.5m) | |
| Inventory | $259.1m | $39.3m | ($319.5m) | $296.0m | $703.6m | $800.4m | ($175.5m) | ($950.1m) | ($398.5m) | $14.0m | |
| Investment Income, Interest | $1.1m | $1.0m | $1.1m | $500k | $300k | — | — | — | — | — | |
| Net proceeds from (payments of) commercial paper | $342.5m | ($612.0m) | $300.0m | ($460.0m) | ($170.0m) | $340.0m | ($290.0m) | $390.0m | $190.0m | ($430.0m) | |
| Net proceeds from (payments of) vehicle floorplan payable - non-trade | $153.8m | $130.2m | ($34.2m) | ($134.3m) | ($233.3m) | ($263.9m) | $178.6m | $425.3m | ($113.5m) | $61.1m | |
| Originations of auto loans receivable acquired through third-party dealers | — | — | — | — | $0 | $0 | ($56.0m) | ($110.9m) | $0 | $0 | |
| Other | ($100k) | ($2.1m) | ($2.5m) | $0 | $0 | ($3.6m) | ($6.9m) | ($13.5m) | $9.8m | $4.4m | |
| Other assets | ($33.6m) | ($37.0m) | ($107.9m) | $49.5m | $85.6m | $92.2m | ($58.4m) | ($84.2m) | $32.2m | $44.5m | |
| Other liabilities | $43.8m | $139.1m | ($2.0m) | ($22.1m) | $63.2m | $73.0m | ($24.3m) | $21.6m | $76.7m | ($98.5m) | |
| Payment of Senior Notes | $0 | $0 | ($400.0m) | $0 | ($350.0m) | ($300.0m) | $0 | $0 | ($450.0m) | ($450.0m) | |
| Payments of tax withholdings for stock-based awards | ($2.0m) | ($1.1m) | ($2.7m) | ($3.0m) | ($8.1m) | ($18.0m) | ($31.3m) | ($27.4m) | ($19.1m) | ($20.3m) | |
| Proceeds from Senior Notes | $0 | $749.2m | $0 | $0 | $497.4m | $848.0m | $698.8m | $0 | $0 | $1.1b | |
| Proceeds from Stock Options Exercised | $8.4m | $39.7m | $17.8m | $12.7m | $52.7m | $54.5m | $3.4m | $1.9m | $500k | $700k | |
| Proceeds from the disposal of assets held for sale | $4.8m | $38.0m | $21.1m | $38.0m | $16.4m | $37.1m | $22.8m | $7.9m | $3.8m | $43.5m | |
| Proceeds from the exercise of stock options | $8.4m | $39.7m | $17.8m | $12.7m | $52.7m | $54.5m | $3.4m | $1.9m | $500k | $700k | |
| Proceeds from the sale of auto loans receivable | — | — | — | — | — | $0 | $0 | $68.7m | $96.0m | $0 | |
| Provision for credit losses on auto loans receivable | — | — | — | — | $0 | $0 | $43.8m | $45.9m | $54.7m | $81.1m | |
| Realized Investment Gains (Losses) | — | — | — | — | $63.4m | — | — | — | — | — | |
| Receivables | ($99.3m) | ($61.6m) | $133.7m | $56.2m | $70.0m | $114.9m | ($129.2m) | ($178.2m) | ($25.9m) | $114.2m | |
| Stock-based compensation expense | $25.1m | $20.6m | $25.5m | $31.1m | $30.2m | $35.0m | $31.5m | $39.7m | $36.5m | $46.5m | |
| Unrealized Gain (Loss) on Investments | — | — | $0 | ($25.7m) | $68.1m | ($10.9m) | ($2.9m) | ($5.2m) | $7.0m | $7.9m | |
| Vehicle floorplan payable - trade | ($196.4m) | ($64.4m) | $242.4m | ($240.6m) | ($579.3m) | ($1.1b) | $461.1m | $813.4m | $486.4m | $5.9m | |
| Other Operating Income (Expense), Net | $69.1m | $79.2m | $64.7m | $49.3m | ($6.5m) | $19.7m | ($14.4m) | ($5.9m) | $46.5m | $54.2m | |
| Net Cash Provided by (Used in) Operating Activities | $516.0m | $540.1m | $511.0m | $769.2m | $1.2b | $1.6b | $1.7b | $724.0m | $314.7m | $111.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $244.5m | $310.1m | $387.0m | $269.3m | $156.0m | $215.7m | $329.0m | $410.3m | $328.5m | $309.4m | |
| Cash used in business acquisitions, net of cash acquired | ($410.4m) | ($76.8m) | ($67.2m) | ($4.7m) | ($400k) | ($432.7m) | ($191.6m) | ($271.4m) | $0 | ($459.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $410.4m | $76.8m | $67.2m | $4.7m | $400k | $432.7m | $191.6m | $271.4m | $0 | $459.1m | |
| Payments to Acquire Investments | — | — | $50.0m | $0 | $50.0m | $5.5m | — | — | — | — | |
| Cash received from business divestitures, net of cash relinquished | $150.4m | $104.6m | $173.2m | $115.6m | $9.0m | $48.7m | $55.2m | $23.2m | $156.0m | $16.1m | |
| Payments for (Proceeds from) Other Investing Activities | $100k | $2.1m | $700k | ($100k) | $0 | $3.6m | $6.9m | $13.5m | ($9.8m) | ($4.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($489.7m) | ($228.3m) | ($295.3m) | ($115.8m) | ($73.7m) | ($460.3m) | ($479.3m) | ($569.9m) | $12.3m | ($687.0m) | |
| Cash flows from financing activities: | |||||||||||
| Payment of debt issuance costs | $0 | ($13.5m) | $0 | $0 | ($11.0m) | ($8.0m) | ($7.1m) | ($6.6m) | ($1.8m) | ($15.5m) | |
| Proceeds from non-recourse debt | — | — | — | — | $0 | $0 | $40.7m | $324.0m | $1.5b | $2.5b | |
| Payments of non-recourse debt | — | — | — | — | $0 | $0 | ($35.6m) | ($392.7m) | ($946.7m) | ($1.4b) | |
| Payments of other debt obligations | — | — | ($15.8m) | ($31.0m) | ($17.2m) | ($10.9m) | ($12.0m) | ($12.6m) | ($13.0m) | ($17.1m) | |
| Payments for Repurchase of Common Stock | $499.0m | $436.0m | $100.0m | $44.7m | $367.2m | $2.3b | $1.7b | $874.4m | $460.0m | $791.6m | |
| Repurchases of common stock | ($499.0m) | ($436.0m) | ($100.0m) | ($44.7m) | ($367.2m) | ($2.3b) | ($1.7b) | ($874.4m) | ($460.0m) | ($791.6m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($2.5m) | $0 | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($35.6m) | ($307.4m) | ($237.4m) | ($660.3m) | ($606.7m) | ($1.7b) | ($1.2b) | ($172.5m) | ($300.6m) | $557.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($12.6m) | $5.7m | ($21.7m) | ($6.9m) | $527.2m | ($509.1m) | $34.8m | ($18.4m) | $26.4m | ($17.6m) | |
| INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | ($12.6m) | $5.7m | ($21.7m) | ($6.9m) | $527.2m | ($509.1m) | $34.8m | ($18.4m) | $26.4m | ($17.6m) | |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of year | $65.4m | $71.1m | $49.4m | $42.5m | $569.7m | $60.6m | $95.4m | $77.0m | $103.4m | $85.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($12.6m) | $5.7m | $49.4m | $42.5m | $569.7m | $60.6m | $95.4m | $77.0m | $103.4m | $85.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $245.6m | $243.1m | $164.2m | $113.9m | $153.7m | $310.3m | $392.0m | $353.4m | |
| Income Taxes Paid, Net | $265.5m | $127.0m | $210.0m | $107.5m | $190.2m | $458.3m | $482.5m | $300.8m | $148.7m | $295.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.