GROUP 1 AUTOMOTIVE INC
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
GPI$264.18-1.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
(In millions)
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $325.2 | $498.1 | $601.6 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 121.1 | 113.1 | 92.0 |
| Change in operating lease assets | 30.6 | 27.2 | 25.3 |
| Deferred income taxes | 24.8 | 23.6 | 18.7 |
| Asset impairments | 199.6 | 34.8 | 32.9 |
| Stock-based compensation | 29.0 | 25.2 | 20.1 |
| Amortization of debt discount and issue costs | 5.4 | 4.0 | 3.0 |
| Gain on disposition of assets | (18.7) | (59.5) | (23.3) |
| Unrealized loss (gain) on derivative instruments | 1.3 | 0.3 | (3.7) |
| Other | (0.4) | (0.1) | (2.7) |
| Changes in assets and liabilities, net of acquisitions and dispositions: | |||
| Accounts payable and accrued expenses | (27.2) | 90.7 | 39.2 |
| Accounts and notes receivable | (2.2) | (32.9) | (37.4) |
| Inventories | (47.7) | (254.4) | (567.6) |
| Contracts-in-transit and vehicle receivables | 39.0 | 38.7 | (88.1) |
| Prepaid expenses and other assets | (4.4) | (18.1) | (21.2) |
| Floorplan notes payable — manufacturer affiliates | 49.6 | 119.6 | 126.7 |
| Deferred revenues | (1.1) | (1.3) | (0.9) |
| Operating lease liabilities | (29.3) | (22.9) | (24.4) |
| Net cash provided by operating activities | 694.5 | 586.3 | 190.2 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Cash paid for acquisitions, net, including repayment of sellers’ floorplan notes payable of $51.2, $50.3 and $66.3, respectively | (546.8) | (1,276.8) | (366.1) |
| Proceeds from disposition of franchises, property and equipment | 145.5 | 229.7 | 193.8 |
| Purchases of property and equipment | (270.0) | (245.1) | (185.4) |
| Other | — | 9.6 | (8.3) |
| Net cash used in investing activities | (671.3) | (1,282.6) | (366.1) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Borrowings on credit facility — floorplan line and other | 15,893.7 | 12,593.0 | 11,366.2 |
| Repayments on credit facility — floorplan line and other | (16,081.4) | (12,490.9) | (10,940.4) |
| Borrowings on credit facility — acquisition line | 1,803.9 | 1,325.3 | 200.0 |
| Repayments on credit facility — acquisition line | (934.6) | (1,553.1) | (178.2) |
| Debt issuance costs | (7.2) | (10.8) | (0.3) |
| Borrowings of senior notes | — | 500.0 | — |
| Borrowings on other debt | 119.3 | 706.4 | 150.2 |
| Principal payments on other debt | (260.5) | (193.3) | (223.6) |
| Proceeds from employee stock purchase plan | 29.6 | 24.4 | 21.3 |
| Payments of tax withholding for stock-based compensation | (13.4) | (33.0) | (12.1) |
| Repurchases of common stock, amounts based on settlement date | (554.8) | (161.6) | (172.8) |
| Dividends paid | (25.6) | (25.2) | (25.2) |
| Net cash (used in) provided by financing activities | (31.1) | 681.1 | 185.2 |
| Effect of exchange rate changes on cash | 6.0 | (7.6) | 0.1 |
| Net (decrease) increase in cash and cash equivalents | (1.9) | (22.8) | 9.4 |
| CASH AND CASH EQUIVALENTS, beginning of period | 34.4 | 57.2 | 47.9 |
| CASH AND CASH EQUIVALENTS, end of period | $32.5 | $34.4 | $57.2 |
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