← SONIC 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 | $93.2m | $93.0m | $51.6m | $144.1m | ($51.4m) | $348.9m | $88.5m | $178.2m | $216.0m | $118.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $94.5m | $94.2m | $52.4m | $144.5m | ($50.7m) | $348.9m | $88.5m | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($1.3m) | ($1.2m) | ($740k) | ($400k) | ($721k) | $0 | $0 | — | — | — | |
| Depreciation and amortization | $649k | $649k | $617k | $5k | $4k | $101.1m | $127.5m | $142.3m | $150.4m | $163.4m | |
| Depreciation, Depletion and Amortization, Nonproduction | $649k | $649k | $617k | $5k | $4k | $101.1m | $127.5m | $142.3m | $150.4m | $163.4m | |
| Amortization of Debt Issuance Costs | $2.6m | $2.4m | $2.4m | $2.5m | $2.9m | $3.3m | $5.2m | $6.5m | $5.8m | $6.6m | |
| Amortization of Intangible Assets | $600k | $600k | $600k | — | — | — | — | — | — | — | |
| Deferred Income Tax Expense (Benefit) | $14.5m | ($27.8m) | ($20.6m) | ($20.8m) | ($33.7m) | $12.3m | ($12.7m) | ($18.6m) | ($29.1m) | ($25.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $11.2m | $11.1m | $11.9m | $10.8m | $11.7m | $15.0m | $20.5m | $23.3m | $23.5m | $23.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | ($1.8m) | ($200k) | ($700k) | |
| Goodwill, Impairment Loss | $0 | $900k | $0 | — | $268.0m | — | $202.9m | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | $0 | $0 | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($14.6m) | $0 | ($6.7m) | $0 | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $1.3m | $596k | $19.6m | $10.8m | $37.1m | $13.1m | $9.1m | $7.8m | $55.6m | $81.6m | |
| Income Tax Expense (Benefit) | $60.7m | $14.0m | $22.9m | $55.1m | $15.9m | $109.3m | $101.5m | $63.7m | $40.1m | ($54.1m) | |
| Other Nonoperating Income (Expense) | $125k | ($14.5m) | $106k | ($6.6m) | $97k | ($15.5m) | $200k | $100k | ($500k) | $100k | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | $300k | $138k | $225k | $101k | ($93k) | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | ($35.5m) | ($57.2m) | $78.7m | $78.5m | ($278.1m) | ($252.4m) | ($81.4m) | ($375.2m) | ($358.3m) | $104.6m | |
| Increase (Decrease) in Other Operating Assets | ($62.5m) | ($3.3m) | ($11.3m) | ($47.5m) | $11.4m | ($55.7m) | $140.7m | $4.0m | $47.0m | $13.6m | |
| Accrued capital expenditures | $206.2m | $234.2m | $163.6m | $125.6m | $127.2m | $298.2m | $227.1m | ($203.6m) | ($187.3m) | ($149.9m) | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | ($47k) | $11.2m | — | $10.8m | — | $13.1m | — | $7.8m | — | ($5.5m) | |
| Goodwill | $472.4m | $525.8m | $509.6m | $475.8m | $214.0m | $416.4m | $231.0m | $253.8m | $358.5m | $421.8m | |
| Nonoperating Income (Expense) | ($77.7m) | ($103.4m) | ($102.4m) | ($108.1m) | ($68.7m) | ($80.2m) | ($124.0m) | ($181.7m) | ($205.4m) | ($194.7m) | |
| Net Cash Provided by (Used in) Operating Activities | $216.4m | $162.9m | $143.7m | $170.9m | $281.1m | $306.3m | $406.1m | ($15.7m) | $109.2m | $567.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $206.2m | $234.2m | $163.6m | $125.6m | $127.2m | $298.2m | $227.1m | ($203.6m) | ($187.3m) | ($149.9m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $15.9m | $76.6m | $0 | $0 | $19.7m | $1.0b | $102.3m | ($75.1m) | ($54.8m) | ($440.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($220.8m) | ($272.1m) | ($15.3m) | $136.8m | ($100.2m) | ($1.3b) | ($299.7m) | ($218.7m) | ($178.3m) | ($499.0m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $103.4m | $302.5m | $21.1m | $109.1m | $57.9m | $1.2b | $327.0m | $0 | $78.0m | $149.1m | |
| Repayments of Long-term Debt | $30.9m | $36.8m | $45.1m | $40.3m | $44.9m | $58.3m | $133.5m | ($79.9m) | ($164.8m) | ($126.8m) | |
| Payments for Repurchase of Common Stock | $100.0m | $37.3m | $24.1m | $2.4m | $71.7m | $93.3m | $261.9m | ($177.6m) | ($34.4m) | ($82.4m) | |
| Payments of Ordinary Dividends, Common Stock | $8.7m | $8.9m | $9.8m | $15.5m | $17.1m | $18.3m | $34.5m | ($40.0m) | ($40.8m) | ($48.8m) | |
| Payments of Dividends | $8.7m | $8.9m | $9.8m | $15.5m | $17.1m | $18.3m | $34.5m | ($40.0m) | ($40.8m) | ($48.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $3.9m | $112.5m | ($128.8m) | ($284.4m) | ($39.7m) | $1.1b | ($176.6m) | $34.1m | $84.3m | ($106.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | $129.1m | ($70.2m) | ($200.3m) | $15.1m | ($37.7m) | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $69.3m | $57.4m | $116.9m | $172.2m | $199.2m | $189.5m | |
| Income Taxes Paid, Net | $28.5m | $42.9m | $35.2m | $72.8m | $56.8m | $98.8m | $126.3m | $86.3m | $35.7m | $100.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.