← GROUP 1 AUTOMOTIVE 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 | $147.1m | $213.4m | $157.8m | $174.0m | $286.5m | $552.1m | $751.5m | $601.6m | $498.1m | $325.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $141.2m | $205.9m | $152.4m | $167.6m | $276.2m | $533.5m | $730.3m | $586.8m | $487.6m | $321.5m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | $625.4m | $754.2m | $602.0m | $497.0m | $323.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $147.1m | $213.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($73.3m) | ($2.7m) | ($400k) | $1.2m | $1.5m | |
| Amortization of Debt Issuance Costs and Discounts | $3.7m | $3.7m | $3.4m | $4.0m | $3.2m | $2.5m | $3.0m | $3.0m | $4.0m | $5.4m | |
| Amortization of debt discount and issue costs | $3.7m | $3.7m | $3.4m | $4.0m | $3.2m | $2.5m | $3.0m | $3.0m | $4.0m | $5.4m | |
| Depreciation, Depletion and Amortization | $51.2m | $57.9m | $67.1m | $71.6m | $75.8m | $78.9m | $89.3m | $92.0m | $113.1m | $121.1m | |
| Deferred Income Tax Expense (Benefit) | $14.2m | ($46.1m) | $3.5m | $16.2m | ($900k) | $31.0m | $28.0m | $18.7m | $23.6m | $24.8m | |
| Deferred income taxes | $14.2m | $46.1m | $3.5m | $16.2m | ($900k) | $31.0m | $28.0m | $18.7m | $23.6m | $24.8m | |
| Asset impairments | $32.8m | $19.5m | $43.9m | $22.2m | $37.7m | $79.2m | $8.5m | $32.9m | $34.8m | $199.6m | |
| Goodwill, Impairment Loss | — | — | — | $0 | $10.7m | $0 | — | — | — | $93.0m | |
| Impairment of Intangible Assets, Finite-lived | $29.8m | $19.3m | $38.7m | $19.0m | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $30.0m | $19.3m | $38.7m | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $1.4m | $2.0m | $0 | $0 | $1.8m | $0 | $300k | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $4.4m | $6.2m | $13.0m | $11.8m | $12.1m | $33.0m | $13.4m | |
| Share-based Payment Arrangement, Expense | — | — | — | $19.9m | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $21.1m | $18.9m | $18.7m | $18.8m | $32.3m | $28.3m | $27.0m | $20.1m | $25.2m | $29.0m | |
| Change in operating lease assets | — | — | — | $28.2m | $24.0m | $25.0m | $29.5m | $25.3m | $27.2m | $30.6m | |
| Gain (Loss) on Disposition of Assets | $2.7m | ($781k) | $26.8m | $5.9m | $5.8m | $6.0m | $41.1m | $23.3m | $59.5m | $18.7m | |
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | ($13.7m) | ($3.8m) | $0 | $0 | — | — | |
| Gain on disposition of assets | $2.7m | ($781k) | ($26.8m) | ($5.9m) | ($5.8m) | ($6.0m) | ($41.1m) | ($23.3m) | ($59.5m) | ($18.7m) | |
| Income Tax Expense (Benefit) | $80.3m | $5.6m | $47.6m | $53.3m | $83.8m | $175.5m | $231.1m | $198.2m | $161.5m | $126.2m | |
| Operating lease liabilities | — | — | — | ($28.3m) | ($22.3m) | ($25.9m) | ($29.4m) | ($24.4m) | ($22.9m) | ($29.3m) | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $200k | |
| Additional Financial Items | |||||||||||
| Accounts and notes receivable | ($18.7m) | $10.7m | $2.9m | ($32.5m) | $21.2m | $11.2m | ($17.4m) | ($37.4m) | ($32.9m) | ($2.2m) | |
| Accounts payable and accrued expenses | $76.1m | $35.6m | $18.4m | $123.1m | ($45.9m) | $48.1m | $66.5m | $39.2m | $90.7m | ($27.2m) | |
| Accrued capital expenditures | $156.5m | $215.8m | $141.0m | $191.8m | $103.2m | $143.6m | $155.5m | $185.4m | $245.1m | $270.0m | |
| Borrowings of senior notes | — | — | $0 | $0 | $550.0m | $200.0m | $0 | $0 | $500.0m | $0 | |
| Borrowings on credit facility — acquisition line | $220.0m | $68.1m | $165.3m | $319.0m | $284.0m | $349.3m | $406.6m | $200.0m | $1.3b | $1.8b | |
| Borrowings on credit facility — floorplan line and other | $6.6b | $7.0b | $7.0b | $7.3b | $10.0b | $8.3b | $10.2b | $11.4b | $12.6b | $15.9b | |
| Borrowings on other debt | $50.0m | $165.7m | $156.0m | $177.4m | $271.9m | $334.3m | $315.5m | $150.2m | $706.4m | $119.3m | |
| Cash paid for acquisitions, net, including repayment of sellers’ floorplan notes payable of $51.2, $50.3 and $66.3, respectively | ($57.3m) | ($109.1m) | ($135.3m) | ($143.2m) | ($1.3m) | ($1.1b) | ($528.7m) | ($366.1m) | ($1.3b) | ($546.8m) | |
| Contracts-in-transit and vehicle receivables | ($15.6m) | $33.5m | $39.5m | $12.7m | $43.5m | ($6.4m) | ($55.4m) | ($88.1m) | $38.7m | $39.0m | |
| Deferred revenues | ($393k) | $517k | ($801k) | ($500k) | ($500k) | ($1.5m) | ($400k) | ($900k) | ($1.3m) | ($1.1m) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | — | — | $24.4m | — | — | — | — | — | — | — | |
| Floorplan notes payable — manufacturer affiliates | ($12.6m) | $8.3m | $38.4m | $38.9m | ($132.2m) | ($90.7m) | $7.5m | $126.7m | $119.6m | $49.6m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($19.1m) | $15.1m | — | — | — | $0 | $0 | ($3.7m) | $300k | $1.3m | |
| Goodwill | $876.8m | $913.0m | $963.9m | $1.0b | $997.1m | $1.4b | $1.7b | $1.7b | $2.1b | $2.2b | |
| Inventories | $79.3m | $44.0m | ($80.6m) | ($28.8m) | $416.1m | $529.8m | ($282.1m) | ($567.6m) | ($254.4m) | ($47.7m) | |
| Inventory Write-down | — | — | — | — | — | — | $300k | $3.4m | $2.7m | $1.1m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | $20.5m | — | — | — | — | — | — | — | — | |
| Other | $3.0m | $1.6m | $501k | $0 | $0 | ($33.3m) | ($1.2m) | $0 | $0 | $0 | |
| Payments of tax withholding for stock-based compensation | — | ($2.5m) | ($4.9m) | ($4.4m) | ($6.2m) | ($13.0m) | ($11.8m) | ($12.1m) | ($33.0m) | ($13.4m) | |
| Prepaid expenses and other assets | $8.2m | $6.9m | ($16.3m) | ($44.0m) | $56.9m | ($2.1m) | $400k | ($21.2m) | ($18.1m) | ($4.4m) | |
| Proceeds from disposition of franchises, property and equipment | $36.8m | $10.7m | $107.9m | $43.4m | $29.8m | $24.8m | $141.4m | $193.8m | $229.7m | $145.5m | |
| Proceeds from employee stock purchase plan | $3.9m | $4.6m | $2.7m | $8.6m | $9.6m | $15.2m | $19.5m | $21.3m | $24.4m | $29.6m | |
| Repayments on credit facility — acquisition line | ($220.0m) | ($42.3m) | ($158.5m) | ($281.4m) | ($309.5m) | ($66.6m) | ($429.6m) | ($178.2m) | ($1.6b) | ($934.6m) | |
| Repayments on credit facility — floorplan line and other | ($6.7b) | ($7.0b) | ($6.9b) | ($7.4b) | ($10.4b) | ($8.8b) | ($9.8b) | ($10.9b) | ($12.5b) | ($16.1b) | |
| Stock-based compensation | $21.1m | $18.9m | $18.7m | $18.8m | $32.3m | $28.3m | $27.0m | $20.1m | $25.2m | $29.0m | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | $0 | $0 | $3.7m | ($300k) | ($1.3m) | |
| Unrealized loss (gain) on derivative instruments | — | — | — | — | — | $0 | $0 | ($3.7m) | $300k | $1.3m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($8.4m) | ($7.6m) | — | — | — | — | — | — | — | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | — | $10.0m | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $384.9m | $198.9m | $270.0m | $370.9m | $805.4m | $1.3b | $585.9m | $190.2m | $586.3m | $694.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $156.5m | $215.8m | $141.0m | $191.8m | $103.2m | $143.6m | $155.5m | $185.4m | $245.1m | $270.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $57.3m | $109.1m | $135.3m | $143.2m | $1.3m | $1.1b | $528.7m | $366.1m | $1.3b | $546.8m | |
| Payments for (Proceeds from) Other Investing Activities | ($3.0m) | ($1.6m) | ($501k) | $0 | $0 | $33.3m | $1.3m | $8.3m | ($9.6m) | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($174.0m) | ($312.6m) | ($168.0m) | ($291.6m) | ($74.7m) | ($1.3b) | ($484.6m) | ($366.1m) | ($1.3b) | ($671.3m) | |
| Cash flows from financing activities: | |||||||||||
| Debt issuance costs | $3.5m | $0 | $0 | ($5.4m) | ($9.0m) | ($2.8m) | ($4.6m) | ($300k) | ($10.8m) | ($7.2m) | |
| Principal payments on other debt | ($45.9m) | ($121.2m) | ($118.8m) | ($166.7m) | ($134.0m) | ($187.3m) | ($286.4m) | ($223.6m) | ($193.3m) | ($260.5m) | |
| Payments for Repurchase of Common Stock | $127.6m | $40.1m | $183.9m | $1.4m | $80.2m | $210.6m | $521.2m | $172.8m | $161.6m | $554.8m | |
| Payments of Ordinary Dividends, Common Stock | $20.0m | $20.5m | $20.9m | $20.3m | $11.0m | $23.9m | $23.7m | $25.2m | $25.2m | $25.6m | |
| Repurchases of common stock, amounts based on settlement date | ($127.6m) | ($40.1m) | ($183.9m) | ($1.4m) | ($80.2m) | ($210.6m) | ($521.2m) | ($172.8m) | ($161.6m) | ($554.8m) | |
| Dividends paid | ($20) | ($20) | ($21) | ($20) | ($11) | ($24) | ($24) | ($25) | ($25) | ($26) | |
| Payments of Dividends | $20.0m | $20.5m | $20.9m | $20.3m | $11.0m | $23.9m | $23.7m | $25.2m | $25.2m | $25.6m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | ($1.2m) | $0 | $0 | — | |
| Net cash (used in) provided by financing activities | ($205.0m) | $121.5m | ($109.5m) | ($67.0m) | ($668.1m) | ($74.0m) | ($67.3m) | $185.2m | $681.1m | ($31.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($205.0m) | $121.5m | ($109.5m) | ($67.0m) | ($668.1m) | ($74.0m) | ($67.3m) | $185.2m | $681.1m | ($31.1m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.1m | ($8k) | ($3.3m) | ($2.9m) | ($3.4m) | ($2.5m) | ($4.8m) | $100k | ($7.6m) | $6.0m | |
| Effect of exchange rate changes on cash | $2.1m | ($8k) | ($3.3m) | ($2.9m) | ($3.4m) | ($2.5m) | ($4.8m) | $100k | ($7.6m) | $6.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.1m | ($8k) | ($10.9m) | $9.3m | $59.2m | ($68.6m) | $29.2m | $9.4m | ($22.8m) | ($1.9m) | |
| Net (decrease) increase in cash and cash equivalents | $8.0m | $7.8m | ($10.9m) | $9.3m | $59.2m | ($68.6m) | $29.2m | $9.4m | ($22.8m) | ($1.9m) | |
| CASH AND CASH EQUIVALENTS, beginning of period | $13.0m | $21.0m | $18.7m | $28.1m | $87.3m | $18.7m | $47.9m | $57.2m | $34.4m | $32.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $18.7m | $28.1m | $87.3m | $18.7m | $47.9m | $57.2m | $34.4m | $32.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $128.6m | $125.3m | $92.5m | $72.8m | $92.9m | $154.3m | $223.6m | $268.2m | |
| Income Taxes Paid, Net | — | — | $40.8m | $48.3m | $64.0m | $163.0m | $202.2m | $183.8m | $146.0m | $108.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.