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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES    
Net loss $ (24.0) $ (35.4)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation and amortization 75.0 50.1
Amortization of debt discount and debt issuance costs 1.8 1.0
Imputed interest 0.1  
Gain on sale of assets   (0.1)
Gain on sale of rental equipment (10.9) (5.8)
Inventory obsolescence 1.0 0.8
Provision for bad debt 4.3 1.8
Loss on debt extinguishment 7.6  
(Repayment) accrual of paid-in-kind interest (11.2) 6.5
Change in fair value of warrants   27.9
Share-based payment 6.7  
Changes in deferred rent 1.0  
Changes in deferred taxes (6.6)  
Changes in:    
Accounts receivable (1.5) (23.2)
Inventories (140.8) (72.2)
Proceeds from sale of rental equipment 86.4 42.2
Prepaid expenses and other assets (5.3) (2.0)
Proceeds from floor plans with manufacturers 338.1 213.9
Payments under floor plans with manufacturers (376.1) (230.4)
Accounts payable, accrued expenses, customer deposits, and other current liabilities 14.4 18.8
Leases and other liabilities 1.6 0.6
Net cash used in operating activities (38.4) (5.5)
INVESTING ACTIVITIES    
Proceeds from the sale of assets 1.4 0.1
Expenditures for rental equipment (41.5) (19.6)
Expenditures for property and equipment (4.4) (2.7)
Expenditures for acquisitions, net of cash acquired (180.0) (65.6)
Net cash used in investing activities (224.5) (87.8)
FINANCING ACTIVITIES    
Expenditures for debt issuance costs (2.7) (0.1)
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 428.7 182.7
Payments under lines of credit (262.6) (138.0)
Proceeds from floor plans with unaffiliated source 87.7 119.8
Payments under floor plans with unaffiliated source (80.9) (79.7)
Proceeds from issuance of long-term debt, net 149.4 20.0
Payments on long-term debt (6.8) (12.0)
Payments on capital lease obligations (1.1) (0.9)
Equity proceeds from reverse recapitalization, net 175.7  
Proceeds from disgorgement of short swing profits 1.6  
Proceeds from issuance of common stock, net 4.0  
Proceeds from issuance of preferred stock, net 28.2  
Repurchases of common stock (5.9)  
Net cash provided by financing activities 264.1 91.8
NET CHANGE IN CASH 1.2 (1.5)
Cash, Beginning of year   1.5
Cash, End of year 1.2  
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest $ 29.3 13.2
Non-cash investing and financing activities:    
Equipment acquired through capital lease   $ 0.1