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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 29.0 $ 45.7
Short-term investments 6.9 6.2
Contracts-in-transit, net 222.0 279.7
Accounts receivable, net 226.9 226.1
Inventories, net 1,862.9 1,768.3
Assets held for sale 242.7 342.2
Other current assets 332.0 388.9
Total current assets 2,922.4 3,057.1
INVESTMENTS 334.7 326.7
PROPERTY AND EQUIPMENT, net 2,408.4 2,315.7
OPERATING LEASE RIGHT-OF-USE ASSETS 230.1 241.8
GOODWILL 2,014.9 2,009.0
INTANGIBLE FRANCHISE RIGHTS 2,093.7 2,095.8
OTHER LONG-TERM ASSETS 127.4 113.3
Total assets 10,131.5 10,159.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 205.5 195.1
Floor plan notes payable—non-trade, net 1,484.9 1,590.6
Current maturities of long-term debt 84.4 84.9
Current maturities of operating leases 26.0 26.2
Accounts payable and accrued liabilities 723.6 748.1
Deferred revenue—current 230.9 228.6
Liabilities associated with assets held for sale 2.1 2.1
Total current liabilities 2,757.4 2,875.7
LONG-TERM DEBT 3,108.1 3,121.2
LONG-TERM LEASE LIABILITY 211.1 222.1
DEFERRED REVENUE 516.3 508.1
DEFERRED INCOME TAXES 138.2 136.4
OTHER LONG-TERM LIABILITIES 53.5 51.7
COMMITMENTS AND CONTINGENCIES (Note 13)
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; 42,236,056 and 42,352,001 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,296.1 1,288.4
Retained earnings 3,061.5 2,961.5
Treasury stock, at cost; 22,063,936 and 22,018,537 shares, respectively (1,077.5) (1,067.3)
Accumulated other comprehensive income 66.4 61.1
Total shareholders' equity 3,346.9 3,244.1
Total liabilities and shareholders' equity $ 10,131.5 $ 10,159.4