ASBURY AUTOMOTIVE GROUP, INC. ABG Cash Flow

Asbury automotive group, inc. (ABG)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
CASH FLOW FROM OPERATING ACTIVITIES:
Net income
163,000	184,400	181,200	180,500	168,800	168,000	170,100	156,500	145,200	139,100	163,700	165,400	170,200	167,200	141,200	159,900	164,300	169,200	139,900	121,300	116,100	111,600	126,700	116,900	108,000	109,100	105,000	103,000	97,100	82,200	80,900	72,500	65,600	67,900	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities—
Depreciation and amortization
37,100	36,200	35,200	34,600	34,100	33,700	33,300	32,900	32,400	32,100	31,700	31,400	31,100	30,700	30,500	30,200	29,700	29,500	29,000	28,200	27,400	26,400	25,700	25,200	24,700	24,300	23,700	23,000	22,800	22,600	22,600	22,900	22,900	22,500	0	0	0
Share-based compensation
12,100	12,500	12,700	11,600	11,200	10,500	11,800	12,900	13,700	13,600	12,900	12,300	11,500	12,000	11,400	10,800	10,300	10,000	9,600	9,600	9,400	8,600	8,800	8,900	9,000	9,000	8,400	7,700	7,200	7,100	6,700	7,400	8,600	8,800	0	0	0
Deferred income taxes
0	-	-	-	0	-	-	-	-	-	-	-	-	6,100	14,900	11,800	12,700	9,500	15,200	15,500	15,400	17,300	11,500	13,400	14,400	15,500	10,400	10,100	12,200	12,600	16,400	16,800	17,800	17,200	0	0	0
Franchise rights impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on share-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,600	4,700	4,200	3,500	3,400	3,400	2,700	2,300	2,300	5,500	5,700	5,400	7,800	5,200	4,900	3,800	0	0	0
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,600	0	0	0	-	-	-	-	-	-	-	-
Non-cash impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	3,100	1,500	1,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of long-term debt, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loaner vehicle amortization
23,600	23,600	23,400	23,100	22,500	22,500	22,300	22,300	22,300	22,400	22,700	22,500	22,300	21,500	21,600	20,700	19,800	19,000	17,100	16,300	15,200	14,000	12,700	11,700	10,700	10,100	9,900	9,700	9,800	9,300	8,900	8,400	8,200	8,200	0	0	0
Gain (Loss) on Disposition of Business
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in right-of-use asset
20,100	19,400	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Other adjustments, net
-1,800	-4,800	-5,200	-4,400	-5,300	-3,100	-3,900	-4,000	-4,200	-4,300	-3,900	-2,900	-2,900	-4,100	-3,700	-5,500	-5,200	-4,200	-5,000	-4,200	-4,100	-3,100	-9,800	-9,900	-10,500	-11,600	-1,600	-4,500	-5,600	-6,000	-5,800	-4,000	-4,100	-3,900	0	0	0
Changes in operating assets and liabilities, net of acquisitions and divestitures—
Contracts-in-transit
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contracts-in-transit
-	-	-	-	-	5,000	6,200	20,300	12,200	10,700	2,900	-9,800	11,100	6,900	-3,400	-12,000	-23,300	20,100	20,500	15,100	19,800	14,700	11,100	13,000	15,700	11,500	13,000	27,800	15,100	22,500	23,900	19,200	22,100	26,300	0	0	0
Accounts receivable
-25,600	6,000	-1,300	5,400	5,100	1,500	5,000	-700	-4,800	-10,200	-3,000	3,300	16,500	19,500	8,100	8,700	-600	11,200	14,700	3,700	10,400	14,000	16,500	22,100	21,600	14,900	14,300	20,400	17,100	33,300	21,800	30,600	14,500	-1,000	0	0	0
Proceeds from the sale of accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	5,100	8,500	11,400	13,500	14,900	16,100	17,300	18,300	19,400	20,500	21,500	22,000	0	0	0
Inventories
-239,600	-212,100	-150,200	-83,800	9,600	24,400	-88,400	-166,400	-233,300	-251,500	-216,700	-181,800	-141,800	-105,300	-73,000	-21,300	29,900	-50,100	-18,400	-6,200	-25,300	-10,600	-29,800	-3,800	-6,100	46,100	67,400	57,600	61,400	76,400	89,900	73,900	-16,700	-56,300	0	0	0
Other current assets
168,700	173,700	187,400	194,500	209,600	200,800	196,100	185,700	187,900	197,200	186,800	186,600	154,900	152,200	138,600	135,300	134,300	118,400	138,800	131,700	121,200	110,700	86,100	83,200	80,100	88,500	80,300	69,400	66,700	65,500	62,900	57,300	50,700	36,600	0	0	0
Floor plan notes payable—trade, net
18,200	38,200	19,900	4,300	7,300	9,800	-7,500	-24,400	-17,900	-4,100	4,600	-13,600	-17,000	-17,200	9,800	34,600	44,800	11,200	-13,000	7,400	3,300	2,600	7,900	3,300	-300	19,600	19,300	11,200	8,200	-10,400	-181,600	-144,600	-231,400	-269,400	0	0	0
Floor plan notes payabletrade divestitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24,800	0	0	0
Accounts payable and other current liabilities
-46,500	10,700	21,200	8,400	9,900	-16,200	6,100	4,700	-41,000	-2,600	8,100	5,900	52,800	31,400	7,400	3,800	4,600	37,700	14,000	4,100	15,000	-2,600	19,600	24,300	13,200	6,000	17,500	23,300	21,200	29,500	2,100	-4,500	6,700	7,900	0	0	0
Operating lease liabilities
20,400	19,700	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from deferred compensation plan termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,800	7,800	7,800	0	0	0	0	-	-	-	-
Distribution of deferred compensation plan assets to participants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,800	7,800	7,800	0	0	0	0	-	-	-	-
Deferred compensation plan excess funding refund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,200	3,200	3,200	3,200	0	0	0	0
Other long-term assets and liabilities, net
-1,800	-2,900	-2,600	-2,300	-3,000	-1,400	0	600	1,000	200	-2,000	-2,000	-1,200	-1,900	-2,000	-2,900	-4,300	-4,200	-3,600	-3,000	-800	-200	-600	-800	-2,500	-3,100	-2,500	-500	-100	900	-500	-1,000	100	-3,300	0	0	0
Net cash provided by operating activities
412,300	349,800	251,400	141,500	39,500	10,100	129,500	177,100	203,800	266,300	234,400	191,000	195,600	142,500	166,300	140,600	125,100	160,000	70,600	92,700	109,700	84,200	134,300	106,700	96,900	50,700	37,700	21,900	23,800	-20,700	-235,000	-192,300	-167,700	-181,200	0	0	0
CASH FLOW FROM INVESTING ACTIVITIES:
Capital expenditures—excluding real estate
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures—excluding real estate
-	-	-	-	-	40,300	42,400	43,000	40,200	42,300	55,500	64,200	77,000	81,400	84,400	80,400	72,900	71,700	49,000	47,000	53,600	58,300	65,700	66,700	58,300	51,200	52,700	53,700	54,600	56,400	38,800	29,500	23,600	22,000	0	0	0
Capital expenditures—real estate
11,500	9,200	9,200	0	0	17,600	23,100	23,100	23,400	5,800	300	300	3,400	10,600	18,500	18,500	35,700	30,300	26,800	38,300	17,700	15,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of previously leased real estate
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditurescapitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Purchases of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,600	-5,800	23,400	23,400	18,000	0	0	0
Purchases of previously leased real estate
-	-	-	-	-	4,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,300	0	0	0
Acquisitions
154,600	210,000	210,000	118,500	164,300	91,300	91,300	91,300	45,500	80,100	80,100	80,100	80,100	0	0	0	0	-	-	-	-	152,200	21,900	83,700	66,400	61,800	0	0	0	-	-	-	-	-	-	-	-
Divestitures
154,600	39,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of assets
19,200	15,000	9,500	9,500	2,000	4,000	4,000	7,800	7,800	5,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	38,200	39,200	42,500	8,600	16,800	15,800	28,300	104,400	0	0	0
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	0	0	0
Net cash provided by (used in) investing activities
-55,400	-227,600	-223,000	-122,800	-212,200	-149,600	-162,600	-155,000	-106,700	-127,800	-15,600	-35,200	-63,600	4,900	-71,600	-6,200	-68,500	-61,900	-215,600	-284,500	-222,900	-230,800	-106,800	-182,600	-171,200	-125,500	-170,600	-83,900	-72,100	-113,500	-38,800	-42,600	-32,500	34,300	0	0	0
CASH FLOW FROM FINANCING ACTIVITIES:
Floor plan borrowings—non-trade
4,376,400	4,318,600	4,400,900	4,396,300	4,644,200	4,591,900	4,341,900	4,099,400	3,955,900	3,850,300	3,764,000	3,915,200	3,826,200	3,866,300	3,899,500	3,982,800	4,133,800	4,130,300	4,307,900	4,183,800	3,907,300	3,721,300	3,404,600	3,312,400	3,213,100	3,184,600	3,138,600	3,040,600	3,014,600	2,980,600	3,099,900	2,440,200	1,791,800	1,208,700	0	0	0
Floor plan borrowings—acquisitions
34,700	55,300	55,300	47,700	60,900	22,700	22,700	22,700	9,500	25,100	25,100	25,100	25,100	0	0	0	0	-	-	-	-	45,700	6,500	17,800	11,800	11,300	0	0	0	-	-	-	-	-	-	-	-
Floor plan repayments—non-trade
4,566,600	4,513,300	4,432,100	4,388,100	4,457,200	4,390,400	4,214,300	4,042,800	3,964,000	3,921,000	3,872,500	3,961,400	3,805,200	3,748,300	3,946,000	3,951,100	4,128,500	4,168,800	4,028,900	3,996,500	3,739,000	3,612,300	3,432,000	3,220,300	3,174,500	3,162,700	3,067,000	3,063,800	2,985,700	2,845,200	2,742,600	2,053,400	1,440,100	917,300	0	0	0
Floor plan repayments—non-trade divestiture
64,600	14,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	7,900	7,900	10,000	4,600	2,100	2,100	0	14,800	0	0	0
Proceeds from borrowings
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	237,200	233,000	188,400	78,700	66,200	0	0	0	-	-	-	-
Repayments of borrowings
1,200,600	48,400	21,200	20,700	20,200	19,900	51,200	51,500	51,800	52,000	15,500	15,600	15,900	15,200	13,900	12,700	11,500	11,300	311,700	311,900	311,600	311,000	9,400	154,400	153,000	151,900	151,100	18,700	34,500	59,100	95,300	130,000	115,400	96,700	0	0	0
Proceeds from sale and leaseback transaction
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	2,000	9,300	10,000	10,000	8,700	1,700	4,600	6,900	7,000	6,400	3,100	800	700	0	0	0	-	-	-	-
Purchases of treasury stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock, including shares associated with net share settlement of employee share-based awards
20,800	20,500	68,900	81,700	90,500	110,200	62,000	50,100	45,000	39,600	89,500	84,500	129,500	215,600	210,000	314,200	309,100	312,200	359,900	295,500	261,200	167,700	85,200	53,500	37,700	34,600	32,500	30,700	34,200	25,300	33,400	42,700	47,700	49,100	0	0	0
Excess tax benefit on share-based arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,600	4,700	4,200	3,500	3,400	3,400	2,700	2,300	2,300	5,500	5,700	5,400	7,800	5,200	4,900	3,800	0	0	0
Proceeds from the exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	2,200	2,500	3,900	7,500	7,400	7,300	6,600	0	0	0
Net cash provided by financing activities
20,800	-127,000	-33,400	-11,600	178,800	143,100	37,100	-22,300	-95,400	-137,200	-219,700	-154,900	-133,300	-146,800	-94,900	-134,500	-53,300	-98,200	137,800	186,700	108,200	144,100	-17,700	15,900	80,300	74,000	128,300	120,300	44,100	129,000	271,400	220,300	196,500	136,900	0	0	0
Net increase in cash and cash equivalents
377,700	-4,800	-5,000	7,100	6,100	3,600	4,000	-200	1,700	1,300	-900	900	-1,300	600	-200	-100	3,300	-100	-7,200	-5,100	-5,000	-2,500	9,800	-60,000	6,000	-800	-4,600	58,300	-4,200	-5,200	-2,300	-14,500	-3,600	-9,900	0	0	0