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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 56.6 $ 84.0
Accounts receivable, net of allowance for doubtful accounts of $6.8 and $7.3 298.2 505.0
Inventories, net 2,512.8 2,433.7
Other current assets 58.2 47.8
Total Current Assets 2,925.8 3,070.5
Property and equipment, net of accumulated depreciation of $298.6 and $284.3 1,631.5 1,611.7
Operating lease right-of-use assets 244.6 251.9
Goodwill 457.7 454.6
Franchise value 306.0 306.7
Other non-current assets 448.5 388.5
Total Assets 6,014.1 6,083.9
Current Liabilities:    
Floor plan notes payable 389.9 425.2
Floor plan notes payable: non-trade 1,595.9 1,642.4
Current maturities of long-term debt 45.8 39.3
Trade payables 108.9 125.3
Accrued liabilities 291.0 336.9
Total Current Liabilities 2,431.5 2,569.1
Long-term debt, less current maturities 1,489.8 1,430.6
Deferred revenue 140.6 137.9
Deferred income taxes 137.5 131.1
Non-current operating lease liabilities 231.3 238.5
Other long-term liabilities 126.9 109.0
Total Liabilities 4,557.6 4,616.2
Stockholders’ Equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Additional paid-in capital 26.0 46.0
Accumulated other comprehensive loss (5.8) (0.7)
Retained earnings 1,436.2 1,401.8
Total Stockholders’ Equity 1,456.5 1,467.7
Total Liabilities and Stockholders’ Equity 6,014.1 6,083.9
Class A common stock    
Stockholders’ Equity:    
Common stock - Class A and Class B 0.0 20.5
Class B common stock    
Stockholders’ Equity:    
Common stock - Class A and Class B $ 0.1 $ 0.1