Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 6

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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— — — — — (130.7)(130.7)Net issuance of treasury shares to stock compensation plans(49,320)— (2.1)— — 12.7 10.6 Stock-based compensation— — 20.0 — — — 20.0 Dividends declared ($1.41 per share)— — — (19.1)— — (19.1)BALANCE, SEPTEMBER 30, 202425,082,140 $0.3 $367.0 $4,033.9 $45.8 $(1,470.8)$2,976.2 

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

GROUP 1 AUTOMOTIVE, INC. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited) 

(In millions) Nine Months Ended September 30, 20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net income$281.6 $403.3 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization89.6 81.6 Change in operating lease assets22.9 19.4 Deferred income taxes20.9 7.7 Asset impairments129.1 — Stock-based compensation22.5 20.0 Amortization of debt discount and issuance costs4.0 2.8 Gain on disposition of assets(9.4)(56.2)Unrealized loss (gain) on derivative instruments1.1 0.7 Other(0.7)(0.5)Changes in assets and liabilities, net of acquisitions and dispositions:Accounts payable and accrued expenses(24.5)23.1 Accounts and notes receivable(1.9)(15.6)Inventories16.4 (318.8)Contracts-in-transit and vehicle receivables28.5 66.9 Prepaid expenses and other assets(2.1)(7.9)Floorplan notes payable — manufacturer affiliates10.4 169.0 Deferred revenues(0.9)(0.9)Operating lease liabilities(22.3)(20.8)Net cash provided by operating activities565.3 373.7 CASH FLO