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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net loss $ (17.0) $ (2.6)
Adjustments to reconcile net loss to net cash flows provided by operating activities:    
Depreciation and amortization 13.9 9.1
Inventory obsolescence 0.5 0.5
Gain on sale of assets (0.1)  
Gain on sale of rental fleets (2.0) (0.8)
Provision for bad debt 0.4 0.4
Loss on debt extinguishment 7.6  
Amortization of debt discount and debt issuance costs 0.3 0.2
(Repayment) accrual of paid-in-kind interest (11.2) 1.3
Share-based payment 3.1  
Changes in deferred taxes (1.1)  
Changes in:    
Accounts receivable (3.5) (20.3)
Inventories (33.6) (16.6)
Proceeds from rental fleets 14.4 9.4
Prepaid expenses and other assets (0.4) (2.8)
Proceeds from floor plans with manufacturers 94.2 64.8
Payments under floor plans with manufacturers (120.7) (51.8)
Accounts payable, accrued expenses, customer deposits, and other current liabilities (2.1) 13.4
Deferred revenue 0.8 0.6
Leases and other liabilities (0.6) (1.4)
Net cash (used in) provided by operating activities (57.1) 3.4
INVESTING ACTIVITIES    
Proceeds from the sale of assets 0.1  
Expenditures for rental fleets (25.5) (6.5)
Expenditures for property and equipment (1.2) (0.5)
Expenditures for acquisitions, net of cash acquired (91.7)  
Net activity on notes and land contract receivable   0.1
Net cash used in investing activities (118.3) (6.9)
FINANCING ACTIVITIES    
Expenditures for debt issuance costs (2.7)  
Extinguishment of floor plans and line of credit (132.9)  
Extinguishment of long-term debt (82.0)  
Redemption of former shareholder notes payable (6.7)  
Extinguishment of warrant liability (29.6)  
Proceeds from lines of credit 220.2 3.1
Payments under lines of credit (79.9)  
Proceeds from floor plans with unaffiliated source 25.8 11.8
Payments under floor plans with unaffiliated source (21.6) (10.4)
Proceeds from issuance of long-term debt, net 149.4 0.2
Payments on long-term debt (0.8) (2.0)
Payments on capital lease obligations (0.2) (0.1)
Equity proceeds from reverse recapitalization, net 175.7  
Repurchases of common stock (2.9)  
Net cash provided by financing activities 211.8 2.6
NET CHANGE IN CASH 36.4 (0.9)
Cash, Beginning of year   1.5
Cash, End of period 36.4 0.6
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest $ 15.2 $ 3.1