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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 32,027 $ 28,787
Contracts-in-transit and vehicle receivables, net 235,609 306,433
Accounts and notes receivable, net 169,318 188,611
Inventories, net 1,733,756 1,763,293
Prepaid expenses and other current assets 77,996 42,062
Total current assets 2,248,706 2,329,186
PROPERTY AND EQUIPMENT, net 1,350,929 1,318,959
GOODWILL 968,771 913,034
INTANGIBLE FRANCHISE RIGHTS 276,285 285,632
OTHER ASSETS 36,175 24,254
Total assets 4,880,866 4,871,065
CURRENT LIABILITIES:    
Floorplan notes payable - credit facility and other 1,155,034 1,240,695
Offset account related to floorplan notes payable - credit facility (71,397) (86,547)
Floorplan notes payable - manufacturer affiliates 415,615 397,183
Offset account related to floorplan notes payable - manufacturer affiliates (20,500) (22,500)
Current maturities of long-term debt and short-term financing 76,080 77,609
Current liabilities from interest rate risk management activities 311 1,996
Accounts payable 428,441 412,981
Accrued expenses 207,082 177,070
Total current liabilities 2,190,666 2,198,487
LONG-TERM DEBT, net of current maturities 1,304,127 1,318,184
DEFERRED INCOME TAXES 137,826 124,404
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 444 8,583
OTHER LIABILITIES 99,457 97,125
STOCKHOLDERS’ EQUITY:    
Common stock, $0.01 par value, 50,000 shares authorized; 25,494 and 25,515 issued, respectively 255 255
Additional paid-in capital 290,668 291,461
Retained earnings 1,368,946 1,246,323
Accumulated other comprehensive loss (128,894) (123,226)
Treasury stock, at cost; 5,913 and 4,617 shares, respectively (382,629) (290,531)
Total stockholders’ equity 1,148,346 1,124,282
Total liabilities and stockholders’ equity $ 4,880,866 $ 4,871,065