Cash IsKing Inc CashIsKingInc.,acalendaryear-end SECregistrant,isaleading automotiveretailandservicechain.Thecompanyoperates exclusivelyintheautomotiveaftermarketindustryandisengagedprincipallyintheretailsaleofautomotiveparts,tires,andaccessories,automotiverepairsandmaintenance,andtheinstallationofparts.TheCompany”sliquidityandcapitalrequirementsareprimarily afunctionofitsworkingcapitalneeds,capitalexpenditures,anddebtservicerequirements.TheCompanyhasthe following transactionsfor thecurrent year: 1.Acquisition of Property, Plant, and Equipment onAccount OnDecember15th,theCompanyincurred$20millionofcapital expendituresrelatedtotheacquisitionofmanufacturingequipmentandmachinery.Thetermsoftheinvoiceare2%/15,net30.Theamounts wereunpaidasofyear-end (i.e.,includedintheaccountspayable balance).TheCompanyintendstopaytheinvoice inearlyJanuary, in accordance with the termsof the invoice. 2.Insurance Settlement Proceeds CashIsKingInc.hasawarehouseandsalesofficeintheGulfCoastRegion.ThedamagecausedbyHurricaneWilliam(Hurricane), aCategory5hurricane,hasrenderedthewarehouse inoperableandhasalsoforcedthecompany torenttemporary officespaceinHoustontoaccommodateitssalesforce.TheCompany reachedasettlementwithitsinsurance carrierrelatedtothedamagefromthehurricaneandreceived proceedsof$15million fromits insurancecarrierinconnectionwithitsclaimforreimbursement.TheCompany planstousetheinsuranceproceedstofunditsdefined-benefitpensionplan,ratherthantorebuild the destroyedfacility. 3.SaleofAccountsReceivable […]