Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 86

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 2
Chunk 86
---
 Payable within our Notes to Condensed Consolidated Financial Statements for additional discussion of our Revolving Credit Facility.

However, we believe that all floorplan financing of inventory purchases in the normal course of business should correspond with the related inventory activity and be classified as an operating activity. As a result, we use the non-GAAP measure “Adjusted net cash provided by/used in operating activities” and “Adjusted net cash provided by/used in financing activities” to further evaluate our cash flows. We believe that this classification eliminates excess volatility in our operating cash flows prepared in accordance with U.S. GAAP. In addition, floorplan financing associated with dealership acquisitions and dispositions are classified as investing activities on an adjusted basis to eliminate excess volatility in our operating cash flows prepared in accordance with U.S. GAAP.   

32

The following table reconciles cash flows on a U.S. GAAP basis to the corresponding adjusted amounts (in millions): Three Months Ended March 31,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net cash provided by operating activities:$158.7 $253.9 Change in Floorplan notes payable — credit facilities and other, excluding floorplan offset and net acquisitions and dispositions(19.2)(44.5)Change in Floorplan notes payable — manufacturer affiliates associated with net acquisitions and dispositions and floorplan offset activity(2.0)(38.5)Adjusted net cash provided by operating activities$137.6 $170.9 CASH FLOWS FROM INVESTING ACTIVITIES:Net cash used in investing activities:$(41.0)$(618.2)Change in cash paid for acquisitions, associated with Floorplan notes payable— 50.3 Change in proceeds from disposition of franchises, property and equipment, associated with Floorplan notes payable(5.5)(22.6)Adjusted net cash used in investing activities$(46.6)$(590.6)CASH FLOWS FROM FINANCING ACTIVITIES:Net cash (used in) provided by financing activities:$(83.6)$349.4 Change in Floorplan notes payable, excluding floorplan offset26.6 55.3 Adjusted net cash (used in) provided by financing activities$(57.0)$404.7 

Sources and Uses of Liquidity from Operating Activities — Three Months Ended March 31, 2025 Compared to 2024

For the Current Quarter, net cash provided by operating activities decreased by $95