CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2020	Jun. 30, 2019
Operating Activities:
Net income	$ 96.3	$ 217.7
Adjustments to reconcile net income to net cash from continuing operating activities:
Depreciation	56.4	53.5
Earnings of equity method investments	(37.6)	(53.4)
Income from discontinued operations, net of tax	(0.2)	(0.2)
Deferred income taxes	20.8	29.7
Changes in operating assets and liabilities:
Accounts receivable	203.9	(15.2)
Inventories	827.3	35.5
Floor plan notes payable	(452.6)	15.0
Accounts payable and accrued expenses	35.5	55.3
Other	34.6	(33.3)
Net cash provided by continuing operating activities	784.4	304.6
Investing Activities:
Purchase of equipment and improvements	(76.8)	(134.5)
Proceeds from sale of dealerships	10.3	7.2
Proceeds from sale-leaseback transactions		7.3
Proceeds from sale of equipment and improvements	19.8	5.2
Acquisitions net, including repayment of sellers' floor plan notes payable of $0 and $0, respectively		(1.1)
Other	(1.1)	(6.1)
Net cash used in continuing investing activities	(47.8)	(122.0)
Financing Activities:
Proceeds from borrowings under U.S. credit agreement revolving credit line	580.0	821.0
Repayments under U.S. credit agreement revolving credit line	(625.0)	(851.0)
Net (repayments) borrowings of other long-term debt	(160.8)	39.8
Net borrowings of floor plan notes payable - non-trade	(309.9)	6.8
Payments for contingent consideration	(21.1)
Repurchases of common stock	(29.4)	(130.6)
Dividends	(34.2)	(64.5)
Other	(4.8)	0.4
Net cash used in continuing financing activities	(605.2)	(178.1)
Discontinued operations:
Net cash provided by discontinued operating activities	0.1
Net cash provided by discontinued investing activities
Net cash provided by discontinued financing activities
Net cash provided by discontinued operations	0.1
Effect of exchange rate changes on cash and cash equivalents	(0.3)	(0.1)
Net change in cash and cash equivalents	131.2	4.4
Cash and cash equivalents, beginning of period	28.1	39.4
Cash and cash equivalents, end of period	159.3	43.8
Cash paid for:
Interest	81.9	102.6
Income taxes	$ 5.1	$ 47.2

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