ASBURY AUTOMOTIVE GROUP, INC. ABG Cash Flow

Asbury automotive group, inc. (ABG)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
CASH FLOW FROM OPERATING ACTIVITIES:
Net income
184,400	168,000	139,100	167,200	169,200	111,600	109,100	82,200	67,900	38,100	13,400
Adjustments to reconcile net income to net cash provided by operating activities—
Depreciation and amortization
36,200	33,700	32,100	30,700	29,500	26,400	24,300	22,600	22,500	20,500	21,900
Share-based compensation
12,500	10,500	13,600	12,000	10,000	8,600	9,000	7,100	8,800	5,100	2,800
Deferred income taxes
5,400	5,300	2,800	6,100	9,500	17,300	15,500	12,600	17,200	24,500	18,200
Excess tax benefit on share-based arrangements
-	-	-	-	-	3,500	2,300	5,400	3,800	400	0
Impairment expenses
-	-	-	-	-	-	-	2,300	1,100	5,100	5,500
Lease termination charges
-	-	-	-	-	-	-	1,800	1,000	-	-
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-900	-800	-	-
Gain on divestitures
11,700	0	0	45,500	34,900	0	14,600	2,100	35,900	-	-
Non-cash impairment charges
-	-	-	3,600	0	900	-	-	-	-	-
Loss on extinguishment of long-term debt, net
-	-	-	-	-	-31,900	-6,800	0	-800	-12,600	100
Franchise rights impairment
7,100	3,700	5,100	0	0	-	-	-	-	-	-
Loaner vehicle amortization
23,600	22,500	22,400	21,500	19,000	14,000	10,100	9,300	8,200	8,100	7,400
Change in right-of-use asset
19,400	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	300	2,900
Other adjustments, net
-4,800	-3,100	-4,300	-4,100	-4,200	-3,100	-11,600	-6,000	-3,900	-4,700	-13,600
Changes in operating assets and liabilities, net of acquisitions and divestitures—
Contracts-in-transit
-3,600	5,000	10,700	6,900	20,100	14,700	11,500	22,500	26,300	18,800	-2,000
Accounts receivable
6,000	1,500	-10,200	19,500	11,200	14,000	14,900	33,300	-1,000	46,300	18,600
Proceeds from the sale of accounts receivable
-	-	-	-	-	2,500	13,500	18,300	22,000	22,800	21,900
Inventories
-212,100	24,400	-251,500	-105,300	-50,100	-10,600	46,100	76,400	-56,300	24,700	-206,800
Other current assets
173,700	200,800	197,200	152,200	118,400	110,700	88,500	65,500	36,600	50,100	44,300
Floor plan notes payable—trade, net
38,200	9,800	-4,100	-17,200	11,200	2,600	19,600	-10,400	-269,400	-4,200	-124,000
Floor plan notes payabletrade divestitures
-	-	-	-	-	-	-	-	-24,800	-5,900	-10,200
Accounts payable and other current liabilities
10,700	-16,200	-2,600	31,400	37,700	-2,600	6,000	29,500	7,900	16,800	-4,600
Operating lease liabilities
19,700	-	-	-	-	-	-	-	-	-	-
Swap termination settlement
-	-	-	-	-	-	-	-	-7,100	0	-
Proceeds from deferred compensation plan termination
-	-	-	-	-	-	-	0	-	-	-
Distribution of deferred compensation plan assets to participants
-	-	-	-	-	-	-	0	-	-	-
Deferred compensation plan excess funding refund
-	-	-	-	-	-	-	3,200	0	0	0
Other long-term assets and liabilities, net
-2,900	-1,400	200	-1,900	-4,200	-200	-3,100	900	-3,300	-2,300	-2,100
Net cash provided by operating activities
349,800	10,100	266,300	142,500	160,000	84,200	50,700	-20,700	-181,200	9,900	110,900
CASH FLOW FROM INVESTING ACTIVITIES:
Capital expenditures—excluding real estate
57,600	40,300	42,300	81,400	71,700	58,300	51,200	56,400	22,000	22,200	7,200
Capital expenditures—real estate
9,200	17,600	5,800	10,600	30,300	15,900	10,700	-	-	-	-
Capital expenditurescapitalized interest
-	-	-	-	-	-	-	900	400	500	-
Purchases of real estate
-	-	-	-	-	-	-	12,600	18,000	7,400	1,100
Purchases of previously leased real estate
4,900	4,400	5,400	19,600	0	5,000	35,700	17,500	30,300	0	0
Acquisitions
210,000	91,300	80,100	0	69,400	152,200	61,800	34,700	0	60,500	0
Divestitures
39,100	0	0	114,300	105,900	0	33,900	-	-	-	-
Proceeds from the sale of assets
15,000	4,000	5,800	2,200	3,600	600	0	8,600	104,400	17,700	25,100
Other investing activities
-	-	-	-	-	-	-	-	-600	-4,000	700
Net cash provided by (used in) investing activities
-227,600	-149,600	-127,800	4,900	-61,900	-230,800	-125,500	-113,500	34,300	-68,900	16,100
CASH FLOW FROM FINANCING ACTIVITIES:
Floor plan borrowings—non-trade
4,318,600	4,591,900	3,850,300	3,866,300	4,130,300	3,721,300	3,184,600	2,980,600	1,208,700	410,700	329,600
Floor plan borrowings—acquisitions
55,300	22,700	25,100	0	16,700	45,700	11,300	7,800	0	13,900	0
Floor plan repayments—non-trade
4,513,300	4,390,400	3,921,000	3,748,300	4,168,800	3,612,300	3,162,700	2,845,200	917,300	404,400	384,300
Floor plan repayments—non-trade divestiture
14,100	0	0	31,200	44,000	0	5,400	4,600	14,800	0	2,900
Proceeds from borrowings
97,700	50,700	0	0	293,100	473,200	237,200	66,200	0	222,500	900
Repayments of borrowings
48,400	19,900	52,000	15,200	11,300	311,000	151,900	59,100	96,700	240,100	76,300
Payment of debt issuance costs
2,300	1,700	0	2,800	2,000	8,700	7,000	700	4,300	7,600	2,200
Repurchases of common stock, including shares associated with net share settlement of employee share-based awards
20,500	110,200	39,600	215,600	312,200	167,700	34,600	25,300	49,100	400	100
Excess tax benefit on share-based arrangements
-	-	-	-	-	3,500	2,300	5,400	3,800	400	0
Proceeds from the exercise of stock options
-	-	-	-	-	100	200	3,900	6,600	600	1,400
Net cash provided by financing activities
-127,000	143,100	-137,200	-146,800	-98,200	144,100	74,000	129,000	136,900	-4,400	-133,900
Net increase in cash and cash equivalents
-4,800	3,600	1,300	600	-100	-2,500	-800	-5,200	-9,900	-63,400	-6,900