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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 74.3 $ 84.0
Accounts receivable, less allowance of $17.6 and $15.0 as of December 31, 2024 and 2023, respectively 1,196.1 1,140.2
Inventories, net 1,407.7 1,227.9
Prepaid expenses and other current assets 501.7 444.6
Total current assets 3,179.8 2,896.7
Property and equipment, net 545.7 436.4
Goodwill 2,094.7 1,952.6
Intangibles, net 489.1 403.5
Operating lease right-of-use assets, net 626.8 503.6
Deferred income taxes, net 0.0 2.1
Other assets, net 17.5 12.8
Total assets 6,953.6 6,207.7
Current liabilities:    
Accounts payable 938.0 942.8
Accrued expenses 522.4 498.6
Current portion of operating lease liabilities 101.2 89.7
Current portion of finance lease liabilities 38.9 26.2
Current portion of long-term debt 12.8 10.0
Total current liabilities 1,613.3 1,567.3
Borrowings under revolving lines of credit, net 148.1 80.0
Long-term debt, net 2,481.2 2,192.3
Deferred income taxes, net 37.0 20.1
Other long-term liabilities 1.9 0.5
Operating lease liabilities 544.7 423.7
Finance lease liabilities 134.9 100.3
Total liabilities 4,961.1 4,384.2
Commitments and contingencies (Note 14)
Convertible Preferred Stock (voting); $0.01 par value; aggregate liquidation preference $400.0; 0.0 and 0.0 shares authorized, issued and outstanding as of December 31, 2024 and 2023, respectively (Note 5) 0.0 0.0
Stockholders’ equity:    
Common stock (voting); $0.01 par value; 100.0 shares authorized; 61.5 and 63.3 shares issued and outstanding as of December 31, 2024 and 2023, respectively 0.6 0.6
Undesignated preferred stock; 5.0 shares authorized, none issued or outstanding 0.0 0.0
Additional paid-in capital 1,264.4 1,218.4
Retained earnings 753.7 618.8
Accumulated other comprehensive income (loss) (26.2) (14.3)
Total stockholders' equity 1,992.5 1,823.5
Total liabilities and stockholders' equity $ 6,953.6 $ 6,207.7