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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net earnings $ 93,793 $ 86,502
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 19,561 14,248
Provision for credit losses 1,027 2,846
Share-based compensation expense 7,145 5,681
Deferred taxes (153) 195
Gain on disposal of property, equipment, and operating lease equipment (263) (3,201)
Changes in:    
Accounts receivable (68,329) (266,470)
Inventories-net 26,623 (90,205)
Financing receivables-net (32,666) (47,442)
Deferred costs and other assets (13,695) (60,804)
Accounts payable-trade 68,164 156,283
Salaries and commissions payable, deferred revenue, and other liabilities 42,285 55,329
Net cash provided by (used in) operating activities 143,492 (147,038)
Cash flows from investing activities:    
Proceeds from sale of property, equipment, and operating lease equipment 469 3,325
Purchases of property, equipment and operating lease equipment (7,704) (5,661)
Cash used in acquisitions, net of cash acquired (48,603) (13,288)
Net cash used in investing activities (55,838) (15,624)
Cash flows from financing activities:    
Borrowings of non-recourse and recourse notes payable 293,809 189,063
Repayments of non-recourse and recourse notes payable (277,612) (87,502)
Proceeds from issuance of common stock 3,019 0
Repurchase of common stock (9,816) (7,224)
Net borrowings (repayments) on floor plan facility (58,051) 9,218
Net cash provided by (used in) financing activities (48,651) 103,555
Effect of exchange rate changes on cash 74 3,124
Net increase (decrease) in cash and cash equivalents 39,077 (55,983)
Cash and cash equivalents, beginning of period 103,093 155,378
Cash and cash equivalents, end of period 142,170 99,395
Supplemental disclosures of cash flow information:    
Cash paid for interest 2,924 2,402
Cash paid for income taxes 32,732 39,693
Cash paid for amounts included in the measurement of lease liabilities 2,992 3,374
Schedule of non-cash investing and financing activities:    
Proceeds from sale of property, equipment, and leased equipment 11 34
Purchases of property, equipment, and operating lease equipment (165) (125)
Borrowing of non-recourse and recourse notes payable 30,329 38,267
Debt derecognized due to sales of financial assets (38,465) (22,686)
Vesting of share-based compensation 9,434 9,854
New operating lease assets obtained in exchange for lease obligations $ 4,883 $ 3,348