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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 45.7 $ 235.3
Short term investments 6.2 5.4
Contracts-in-transit, net 279.7 220.8
Accounts receivable, net 226.1 171.9
Inventories, net 1,768.3 959.2
Assets held for sale 342.2 29.1
Other current assets 388.9 288.1
Total current assets 3,057.1 1,909.8
INVESTMENTS 326.7 235.0
PROPERTY AND EQUIPMENT, net 2,315.7 1,941.0
OPERATING LEASE RIGHT-OF-USE ASSETS 241.8 235.4
GOODWILL 2,009.0 1,783.4
INTANGIBLE FRANCHISE RIGHTS 2,095.8 1,800.1
OTHER LONG-TERM ASSETS 113.3 116.7
Total assets 10,159.4 8,021.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 195.1 51.0
Floor plan notes payable—non-trade, net 1,590.6 0.0
Current maturities of long-term debt 84.9 84.5
Current maturities of operating leases 26.2 23.6
Accounts payable and accrued liabilities 748.1 645.0
Deferred revenue—current 228.6 218.9
Liabilities associated with assets held for sale 2.1 10.5
Total current liabilities 2,875.7 1,033.4
LONG-TERM DEBT 3,121.2 3,216.8
LONG-TERM LEASE LIABILITY 222.1 218.4
DEFERRED REVENUE 508.1 495.0
DEFERRED INCOME TAXES 136.4 100.7
OTHER LONG-TERM LIABILITIES 51.7 53.5
COMMITMENTS AND CONTINGENCIES (Note 21)
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; 42,352,001 and 43,593,809 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,288.4 1,281.4
Retained earnings 2,961.5 2,610.1
Treasury stock, at cost; 22,018,537 and 22,024,479 shares, respectively (1,067.3) (1,063.0)
Accumulated other comprehensive income 61.1 74.4
Total shareholders' equity 3,244.1 2,903.5
Total liabilities and shareholders' equity $ 10,159.4 $ 8,021.4
Treasury stock (in shares) 22,018,537 22,024,479