Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 69

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 adjusted basis to eliminate excess volatility in our operating cash flows prepared in accordance with U.S. GAAP.

The following table reconciles cash flows on a U.S. GAAP basis to the corresponding adjusted amounts (in millions): Nine Months Ended September 30,20252024CASH FLOWS FROM OPERATING ACTIVITIES:Net cash provided by operating activities:$565.3 $373.7 Change in Floorplan notes payable — credit facilities and other, excluding floorplan offset and net acquisitions and dispositions(63.4)120.0 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$500.0 $455.3 CASH FLOWS FROM INVESTING ACTIVITIES:Net cash used in investing activities:$(659.1)$(1,209.3)Change in cash paid for acquisitions, associated with Floorplan notes payable51.2 50.3 Change in proceeds from disposition of franchises, property and equipment, associated with Floorplan notes payable(18.2)(31.9)Adjusted net cash used in investing activities$(626.1)$(1,190.9)CASH FLOWS FROM FINANCING ACTIVITIES:Net cash provided by financing activities:$84.5 $840.9 Change in Floorplan notes payable, excluding floorplan offset32.3 (99.9)Adjusted net cash provided by financing activities$116.7 $741.0 

Sources and Uses of Liquidity from Operating Activities — Nine Months Ended September 30, 2025 Compared to 2024

For the Current Year, net cash provided by operating activities increased by $191.6 million, as compared to the Prior Year. On an adjusted basis for the same period, adjusted net cash provided by operating activities increased by $44.8 million. The increase on an adjusted basis was primarily driven by a $335.2 million decrease in inventories and asset impairment charges of $129.1 million, partially offset by a $121.7 million decrease in net income and $305.5 million decrease in floorplan notes payable - manufacturer affiliates.

Refer to Note 4. Intangible Franchise Rights and Goodwill within our Notes to Condensed Consolidated Financial Statements for further discussion of the asset impairment charges. 

Sources and Uses of Liquidity from Investing Activities — Nine Months Ended September