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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 3.5 $ 8.3
Contracts-in-transit, net 194.7 198.3
Accounts receivable, net 136.2 130.3
Inventories, net 985.0 1,067.6
Assets held for sale 154.2 26.3
Other current assets 129.0 122.2
Total current assets 1,602.6 1,553.0
PROPERTY AND EQUIPMENT, net 909.7 886.1
OPERATING LEASE RIGHT-OF-USE ASSETS 65.6 0.0
GOODWILL 201.7 181.2
INTANGIBLE FRANCHISE RIGHTS 121.7 65.8
OTHER LONG-TERM ASSETS 10.0 9.3
Total assets 2,911.3 2,695.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 130.3 114.0
Floor plan notes payable—non-trade, net 657.7 852.1
Current maturities of long-term debt 32.4 38.8
Current maturities of operating leases 17.0 0.0
Accounts payable and accrued liabilities 308.7 298.4
Liabilities associated with assets held for sale 100.9 0.0
Total current liabilities 1,247.0 1,303.3
LONG-TERM DEBT 907.0 866.5
LONG-TERM LEASE LIABILITY 52.6 0.0
DEFERRED INCOME TAXES 26.0 21.7
OTHER LONG-TERM LIABILITIES 32.4 30.7
COMMITMENTS AND CONTINGENCIES (Note 20)
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $.01 par value, 90,000,000 shares authorized; 41,072,080 and 41,065,069 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 582.9 572.9
Retained earnings 1,094.5 922.7
Treasury stock, at cost; 21,791,707 and 21,719,339 shares, respectively (1,028.6) (1,023.4)
Accumulated other comprehensive loss (2.9) 0.6
Total shareholders' equity 646.3 473.2
Total liabilities and shareholders' equity $ 2,911.3 $ 2,695.4