Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Environmental Audit Consultant Because Freaking Awesome Is Not An Official Job Title

Authors: Sophia Brown

1st Edition

1083152106, 978-1083152107

More Books

Students also viewed these Accounting questions

Question

Find dy/dx if x = te, y = 2t2 +1

Answered: 1 week ago