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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 533,900 $ 576,200
Restricted cash 174,900 171,700
Trade and other receivables, net of allowance for credit losses of $7.2 and $6.4, respectively 709,400 731,500
Prepaid consigned vehicle charges 67,900 66,900
Inventory 121,500 166,500
Other current assets 77,000 91,200
Income taxes receivable 30,200 10,000
Total current assets 1,714,800 1,814,000
Property, plant and equipment, net 1,275,400 1,200,900
Operating lease right-of-use assets 1,529,100 1,475,500
Other non-current assets 98,400 85,600
Intangible assets, net 2,668,700 2,914,100
Goodwill 4,511,800 4,537,000
Deferred tax assets 8,800 10,300
Total assets 11,807,000 12,037,400
Current liabilities:    
Auction proceeds payable 378,000 502,500
Trade and other liabilities 782,000 685,800
Current operating lease liabilities 113,300 118,000
Income taxes payable 26,200 8,500
Short-term debt 27,700 13,700
Current portion of long-term debt 4,100 14,200
Total current liabilities 1,331,300 1,342,700
Long-term operating lease liabilities 1,431,100 1,354,300
Long-term debt 2,622,100 3,061,600
Other non-current liabilities 97,400 86,700
Deferred tax liabilities 608,700 682,700
Total liabilities 6,090,600 6,528,000
Temporary equity:    
Series A Senior Preferred Shares; shares authorized, issued and outstanding: 485,000,000 (December 31, 2023: 485,000,000) 482,000 482,000
Redeemable non-controlling interest 8,100 8,400
Stockholders' equity:    
Senior preferred and junior preferred stock; unlimited shares authorized; shares issued and outstanding, other than Series A Senior Preferred Shares: nil (December 31, 2023: nil) 0 0
Common stock, no par value; unlimited shares authorized; shares issued and outstanding: 184,732,582 (December 31, 2023: 182,843,942) 4,163,100 4,054,200
Additional paid-in capital 95,400 88,000
Retained earnings 1,090,300 918,500
Accumulated other comprehensive loss (124,800) (44,000)
Stockholders' equity 5,224,000 5,016,700
Non-controlling interests 2,300 2,300
Total stockholders' equity 5,226,300 5,019,000
Total liabilities, temporary equity and stockholders' equity $ 11,807,000 $ 12,037,400