LITHIA MOTORS INC LAD Cash Flow

Lithia motors inc (LAD)

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 flows from operating activities:
Net income
261,300	271,500	263,400	271,300	270,000	265,700	295,187	253,973	246,573	245,200	207,174	209,329	207,557	197,100	193,471	182,821	182,616	182,999	176,407	167,553	154,639	138,720	124,952	121,433	108,679	106,000	98,460	90,685	85,621	80,362	79,296	72,616	66,951	58,860	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Asset impairments
2,100	2,600	1,800	1,800	1,800	1,300	0	0	0	-	-	-	-	14,000	16,227	16,860	19,492	20,124	16,244	12,113	5,983	1,853	0	0	0	-	-	-	-	115	619	619	1,109	1,376	0	0	0
Depreciation and amortization
84,600	82,400	81,000	79,700	78,400	75,400	71,402	66,630	61,761	57,700	54,526	51,904	50,376	49,300	47,428	45,753	43,537	41,600	39,508	35,044	30,582	26,363	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation
17,800	16,200	15,300	13,900	13,200	13,300	12,704	12,668	12,281	11,300	10,731	10,414	10,470	11,000	11,957	12,067	12,293	11,871	10,961	9,999	8,625	7,436	7,458	7,221	6,963	6,565	4,948	4,207	3,680	3,116	2,644	2,479	2,086	2,001	0	0	0
Loss on disposal of other assets
0	100	0	0	0	-	-	-	-	400	383	-468	630	4,300	4,123	4,353	3,196	-203	10	-252	-258	-270	2,139	2,310	2,300	2,339	262	-269	-222	747	6,739	7,288	7,588	6,495	0	0	0
(Gain) loss on disposal of franchise
9,900	9,700	8,800	15,200	15,000	15,100	20,500	4,700	5,100	5,100	-2	-2	13	1,100	1,102	1,102	3,657	5,919	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
43,100	40,100	53,000	40,300	35,500	33,000	9,302	-1,344	317	-2,800	7,716	3,240	-578	10,100	30,078	19,190	18,739	12,341	675	9,370	15,352	13,355	10,698	16,492	16,549	14,477	15,825	14,695	14,836	14,172	11,619	6,335	7,617	8,093	0	0	0
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,949	4,993	5,073	6,186	6,198	6,644	8,903	5,994	7,129	7,184	4,990	2,802	1,794	1,273	1,253	525	0	0	0
(Increase) decrease (net of acquisitions and dispositions):
Accounts receivable, net
-176,600	-24,400	-11,000	3,100	-12,000	-4,700	-19,345	80,408	90,923	57,400	113,434	41,656	55,441	106,000	28,643	14,053	-4,948	13,047	38,453	31,195	39,646	59,474	41,769	47,395	48,669	37,370	11,481	26,083	23,031	33,704	44,486	34,229	29,488	22,503	0	0	0
Inventories
8,100	19,700	98,500	136,400	91,400	108,900	191,502	192,522	249,702	193,100	99,334	90,826	137,354	168,800	150,236	188,471	231,363	197,079	164,060	121,362	58,714	76,002	133,058	135,297	171,534	106,896	90,443	169,749	160,439	230,442	182,999	127,296	98,546	78,202	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	8,864	7,970	6,931	13,111	0	0	0
Other assets
3,800	-12,000	5,700	30,200	21,700	16,000	6,307	-17,021	-15,376	3,100	2,781	18,473	12,415	13,300	21,263	21,823	33,873	31,290	22,173	28,398	30,322	30,534	21,015	8,212	7,521	5,655	4,364	11,917	13,572	10,370	1,375	2,071	-2,082	1,108	0	0	0
Floor plan notes payable
-33,400	-100,700	-271,900	-271,500	-213,800	-196,900	-16,274	-34,070	-35,571	-20,300	-10,404	-9,045	-11,076	-16,400	-19,553	-11,303	-13,696	-7,035	-3,825	-4,138	-2,120	647	-12,153	-8,316	-5,882	-5,300	17,587	15,580	-76,528	-82,109	-69,828	-82,539	281	13,510	0	0	0
Trade payables
-10,000	-1,800	11,600	15,700	1,800	15,100	11,203	22,486	34,517	20,000	22,644	10,136	7,863	16,400	-941	-1,502	-5,205	674	417	4,338	1,920	-3,105	7,878	7,813	10,664	8,480	7,468	2,790	6,042	8,001	7,620	8,608	4,251	5,998	0	0	0
Accrued liabilities
-72,900	-38,000	-16,200	14,600	28,000	28,900	19,893	46,384	-7,516	37,200	35,933	21,621	60,591	42,900	32,198	26,151	25,254	16,273	-18,435	-23,348	-21,548	-13,471	21,118	21,086	18,637	12,304	13,473	11,680	11,621	10,538	11,879	11,518	7,027	11,605	0	0	0
Other long-term liabilities and deferred revenue
29,800	18,900	13,900	3,600	21,400	25,200	30,681	33,143	18,650	19,100	20,492	26,489	26,554	27,200	17,342	33,273	32,324	33,766	56,149	37,635	39,850	38,133	21,480	16,922	17,568	17,152	15,839	18,648	15,884	13,459	9,092	12,465	9,331	7,183	0	0	0
Net cash provided by operating activities
544,000	499,500	594,000	527,800	548,000	519,700	267,564	206,645	71,126	148,900	157,196	198,697	178,558	90,900	166,869	120,979	80,338	79,551	50,187	64,491	91,583	30,967	7,087	3,416	-40,085	32,059	76,533	-35,984	-121,732	-212,476	-180,528	-135,573	-30,513	-766	0	0	0
Cash flows from investing activities:
Principal payments received on notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	955	957	1,240	946	103	99	110	121	0	0	0
Capital expenditures
137,400	124,900	136,500	143,400	145,100	158,000	146,626	145,534	131,361	105,400	91,611	89,819	100,939	100,800	102,448	78,483	74,227	83,244	93,993	98,761	98,270	85,983	70,371	63,148	56,070	50,025	63,421	63,998	62,710	64,584	43,643	46,511	37,799	31,673	0	0	0
Proceeds from sales of assets
1,300	1,500	1,900	2,100	3,400	3,100	4,973	14,230	15,001	15,300	12,771	4,873	2,507	2,200	1,797	322	259	270	1,882	4,938	4,972	4,896	7,401	4,315	4,219	4,632	476	1,507	5,458	6,027	24,485	23,259	27,602	29,677	0	0	0
Cash paid for other investments
9,900	7,200	7,300	62,300	61,700	62,700	62,771	7,952	9,337	8,600	15,950	21,358	25,714	30,300	29,696	29,578	29,755	28,110	26,418	20,878	15,384	9,110	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,908	1,833	1,820	900	0	0	0
Cash paid for acquisitions, net of cash acquired
438,900	366,600	142,600	74,200	49,400	373,800	433,842	746,925	784,800	460,400	435,823	303,968	220,901	234,700	236,130	90,335	85,414	71,615	612,996	580,239	627,945	659,634	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of stores
51,400	46,700	42,300	62,400	33,900	34,300	50,383	21,700	21,300	20,900	3,480	63	78	11,900	11,837	11,837	21,108	12,966	0	0	0	-	-	-	-	-	-	-	-	6,618	0	0	0	-	-	-	-
Net cash used in investing activities
-521,000	-438,000	-242,200	-215,400	-218,900	-557,100	-587,883	-864,481	-889,197	-538,200	-527,133	-410,209	-344,969	-351,700	-354,640	-186,237	-168,029	-169,733	-718,559	-679,092	-719,448	-736,332	-185,137	-181,790	-169,677	-130,322	-107,287	-125,457	-100,972	-98,997	-34,182	-18,624	-45,653	-39,422	0	0	0
Cash flows from financing activities:
(Repayments) borrowings on floor plan notes payable, net: non-trade
-141,600	-54,600	-197,600	-118,800	-26,200	-21,900	269,144	359,424	291,410	241,500	193,139	162,154	212,164	252,900	193,814	159,138	196,811	136,201	446,170	363,116	366,574	440,341	156,326	235,557	179,466	128,636	78,402	102,622	310,029	348,477	268,503	249,200	63,284	63,145	0	0	0
Borrowings on lines of credit
3,027,000	3,167,000	2,873,900	2,749,100	2,367,400	2,691,400	2,413,000	2,334,300	2,417,500	1,754,500	1,708,677	1,530,177	1,262,177	1,244,300	1,224,880	1,191,826	1,203,697	1,261,597	1,477,328	1,414,538	1,473,167	1,435,144	1,137,156	1,020,000	915,000	800,000	726,000	773,000	705,623	592,623	0	0	0	-	-	-	-
Repayments on lines of credit
3,231,600	3,481,600	2,849,000	2,695,500	2,537,900	2,499,600	2,263,547	2,281,454	2,071,467	1,836,200	1,811,459	1,462,991	1,245,222	1,123,100	1,102,797	1,164,257	1,233,471	1,298,120	1,300,192	1,287,193	1,335,610	1,251,375	1,162,909	1,054,037	867,777	814,355	765,924	694,964	724,572	580,269	356,791	212,623	12,000	9,000	0	0	0
Principal payments on long-term debt and capital leases, scheduled
26,300	26,000	27,600	28,900	28,000	26,500	21,403	18,975	18,252	18,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on long-term debt and capital leases, other
7,700	11,000	31,800	31,800	29,400	26,100	9,129	19,835	40,557	50,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
437,500	420,300	0	0	0	-	-	-	-	395,900	439,589	128,485	82,298	66,500	22,816	28,330	37,405	75,675	0	0	0	-	-	-	-	-	-	-	-	42,333	0	0	0	-	-	-	-
Payments of debt issuance costs
6,200	5,800	400	400	400	400	583	4,900	4,700	4,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
11,300	11,000	10,700	10,700	10,500	10,100	9,323	8,481	7,877	7,500	7,286	7,090	6,959	6,900	6,943	6,805	6,490	6,065	5,492	4,926	4,461	4,590	4,417	4,383	5,175	4,973	8,019	8,824	8,749	8,652	7,406	6,492	5,933	5,654	0	0	0
Repurchase of common stock
48,300	3,200	70,400	118,100	143,700	148,900	83,879	42,787	32,912	33,800	35,824	32,955	64,352	112,900	115,947	119,633	78,941	31,548	0	0	0	-	-	-	-	-	-	-	-	-	-	-	16,080	13,568	0	0	0
Excess tax benefit from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	7,129	7,184	4,990	2,802	1,794	1,273	1,253	525	0	0	0
Dividends paid
27,900	27,600	27,400	27,500	27,600	27,700	27,697	27,348	27,008	26,500	26,080	25,628	25,241	24,100	23,069	22,027	20,920	19,985	18,937	17,854	16,767	15,929	0	0	0	-	-	-	-	12,066	8,759	8,052	7,320	6,822	0	0	0
Payments of contingent consideration related to acquisitions
-	-	-	-	-	800	800	800	800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-11,400	-9,100	-356,100	-297,700	-353,200	11,700	313,124	656,641	855,713	396,300	384,424	227,671	176,318	266,100	179,180	56,908	88,227	105,292	679,413	609,792	626,548	711,577	183,623	186,320	217,096	79,110	27,090	165,451	228,745	333,461	218,531	158,706	72,013	51,733	0	0	0
(Decrease) increase in cash and cash equivalents
11,600	52,400	-4,300	14,700	-24,100	-25,700	-7,195	-1,195	37,642	7,000	14,487	16,159	9,907	5,300	-8,591	-8,350	536	15,110	11,041	-4,809	-1,317	6,212	5,573	7,946	7,334	-19,153	-3,664	4,010	6,041	21,988	3,821	4,509	-4,153	11,545	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
129,400	135,800	135,800	131,900	124,700	117,100	106,640	90,124	81,939	68,900	64,219	58,216	53,971	49,700	46,599	43,796	41,594	41,098	40,194	36,654	32,002	24,610	20,570	20,231	20,267	21,002	21,648	22,275	23,019	22,976	23,792	24,375	24,738	24,961	0	0	0
Cash paid during the period for income taxes, net
39,500	38,400	43,800	37,800	31,900	32,900	40,994	67,326	128,492	127,300	116,928	109,790	56,711	57,200	65,094	67,518	80,488	86,533	69,826	69,082	66,663	63,827	61,720	50,015	47,352	42,682	36,645	38,473	33,493	36,579	39,326	38,151	34,917	33,722	0	0	0
Floor plan debt paid in connection with store disposals
13,800	18,600	12,300	32,700	34,100	33,100	36,800	8,900	7,500	3,700	16	16	16	5,300	5,284	5,284	7,476	4,400	0	0	0	-	-	-	-	-	-	-	-	6,712	0	0	0	-	-	-	-
Supplemental schedule of non-cash activities:
Debt issued in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,693	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed in connection with acquisitions
-	-	-	-	-	10,800	8,198	83,263	95,000	84,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ROU assets obtained in exchange for lease liabilities
5,100	260,300	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-