Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 25

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 25
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Net income$498.1 $601.6 $751.5 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization113.1 92.0 89.3 Change in operating lease assets27.2 25.3 29.5 Deferred income taxes23.6 18.7 28.0 Asset impairments34.8 32.9 8.5 Stock-based compensation25.2 20.1 27.0 Amortization of debt discount and issue costs4.0 3.0 3.0 Gain on disposition of assets(59.5)(23.3)(41.1)Unrealized loss (gain) on derivative instruments0.3 (3.7)— Other(0.1)(2.7)0.5 Changes in assets and liabilities, net of acquisitions and dispositions:Accounts payable and accrued expenses90.7 39.2 66.5 Accounts and notes receivable(32.9)(37.4)(17.4)Inventories(254.4)(567.6)(282.1)Contracts-in-transit and vehicle receivables38.7 (88.1)(55.4)Prepaid expenses and other assets(18.1)(21.2)0.4 Floorplan notes payable — manufacturer affiliates119.6 126.7 7.5 Deferred revenues(1.3)(0.9)(0.4)Operating lease liabilities(22.9)(24.4)(29.4)Net cash provided by operating activities586.3 190.2 585.9 CASH FLOWS FROM INVESTING ACTIVITIES:Cash paid for acquisitions, net, including repayment of sellers’ floorplan notes payable of $50.3, $66.3 and $25.3, respectively(1,276.8)(366.1)(528.7)Proceeds from disposition of franchises, property and equipment229.7 193.8 141.4 Purchases of property and equipment(245.1)(185.4)(155.5)Proceeds from sale of discontinued operations, net— — 59.4 Other9.6 (8.3)(1.3)Net cash used in investing activities(1,282.6)(366.1)(484.6)C