Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 6

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
)(100.6)Net issuance of treasury shares to stock compensation plans(38,675)— (3.7)— — 9.8 6.1 Stock-based compensation— — 14.2 — — — 14.2 Dividends declared ($0.94 per share)— — — (12.8)— — (12.8)BALANCE, JUNE 30, 202425,092,785 $0.3 $359.7 $3,923.0 $27.0 $(1,443.7)$2,866.3 

See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited)7

GROUP 1 AUTOMOTIVE, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) 

(In millions) Six Months Ended June 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income$268.6 $286.1 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization58.0 52.0 Change in operating lease assets15.2 11.9 Deferred income taxes19.8 (0.6)Asset impairments4.4 — Stock-based compensation15.8 14.2 Amortization of debt discount and issuance costs2.7 1.7 Gain on disposition of assets(9.0)(55.7)Unrealized loss (gain) on derivative instruments0.9 (0.3)Other(0.4)(0.8)Changes in assets and liabilities, net of acquisitions and dispositions:Accounts payable and accrued expenses(56.5)4.1 Accounts and notes receivable17.2 (21.3)Inventories91.4 (329.0)Contracts-in-transit and vehicle receivables15.7 18.3 Prepaid expenses and other assets14.3 4.4 Floorplan notes payable — manufacturer affiliates(32.7)157.6 Deferred revenues(0.3)(0.4)Operating lease liabilities(14.6)(12.5)Net cash provided by operating activities410.3 129.8 CASH FLOWS FROM INVESTING ACTIVITIES:Cash paid for acquisitions