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What is the free cash flow Ratio? Consolidated Statements of Cash Flows - USD ($) $ in Millions 12 Months Ended Dec. 31, 2019 Dec.
What is the free cash flow Ratio?
Consolidated Statements of Cash Flows - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Vehicle floorplan payable-trade, net | (240.6) | 242.4 | (64.4) |
Accounts payable | (17.6) | 1.7 | 0.5 |
Other liabilities | (22.1) | (2) | 139.1 |
Net cash provided by continuing operations | 769.2 | 510.4 | 540.4 |
Net cash provided by (used in) discontinued operations | 0 | 0.6 | (0.3) |
Net cash provided by operating activities | 769.2 | 511 | 540.1 |
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES: | |||
Purchases of property and equipment | (269.3) | (400.8) | (313.4) |
Proceeds from the sale of property and equipment | 1 | 28 | 21 |
Proceeds from the disposal of assets held for sale | 38 | 21.1 | 38 |
Insurance recoveries on property and equipment | 3.5 | 1.1 | 1.7 |
Cash used in business acquisitions, net of cash acquired | (4.7) | (67.2) | (76.8) |
Cash received from business divestitures, net of cash relinquished | 115.6 | 173.2 | 104.6 |
Investment in equity security | 0 | (50) | 0 |
Other | 0.1 | (0.7) | (2.1) |
Net cash used in continuing operations | (115.8) | (295.3) | (227) |
Net cash used in discontinued operations | 0 | 0 | 0 |
Net cash used in investing activities | (115.8) | (295.3) | (227) |
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES: | |||
Repurchases of common stock | (44.7) | (100) | (434.9) |
Payment of 6.75% Senior Notes due 2018 | 0 | (400) | 0 |
Proceeds from revolving credit facilities | 0 | 0 | 1,307 |
Payments of revolving credit facilities | 0 | 0 | (1,307) |
Net proceeds from (payments of) commercial paper | (460) | 300 | (612) |
Payment of debt issuance costs | 0 | 0 | (13.5) |
Net proceeds from (payments of) vehicle floorplan payable - non-trade | (134.3) | (34.2) | 130.2 |
Payments of mortgage facilities | 0 | 0 | (153.2) |
Payments of capital lease and other debt obligations | (31) | (15.8) | (11.8) |
Proceeds from the exercise of stock options | 12.7 | 17.8 | 39.7 |
Payments of tax withholdings for stock-based awards | (3) | (2.7) | (1.1) |
Other | 0 | (2.5) | 0 |
Net cash used in continuing operations | (660.3) | (237.4) | (307.4) |
Net cash used in discontinued operations | 0 | 0 | 0 |
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