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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 54.8 $ 69.4
Short-term investments 2.8 14.4
Contracts-in-transit, net 213.7 263.8
Accounts receivable, net 258.6 285.5
Inventories, net 1,942.2 1,978.8
Assets held for sale 245.2 174.4
Other current assets 412.4 351.7
Total current assets 3,129.6 3,137.9
INVESTMENTS 385.5 334.2
PROPERTY AND EQUIPMENT, net 2,486.0 2,550.7
OPERATING LEASE RIGHT-OF-USE ASSETS 211.2 220.1
GOODWILL 1,974.7 2,044.7
INTANGIBLE FRANCHISE RIGHTS 1,816.9 1,911.7
OTHER LONG-TERM ASSETS 127.7 137.8
Total assets 10,131.6 10,337.0
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 289.5 349.9
Floor plan notes payable—non-trade, net 999.1 1,344.8
Current maturities of long-term debt 80.9 114.7
Current maturities of operating leases 25.7 28.1
Accounts payable and accrued liabilities 764.9 761.4
Deferred revenue—current 243.0 235.5
Liabilities associated with assets held for sale 0.0 1.9
Total current liabilities 2,403.1 2,836.3
LONG-TERM DEBT 2,964.1 3,023.9
LONG-TERM LEASE LIABILITY 193.7 200.0
DEFERRED REVENUE 553.1 530.5
DEFERRED INCOME TAXES 183.4 187.7
OTHER LONG-TERM LIABILITIES 57.2 56.4
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; 41,768,966 and 41,649,426 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,320.4 1,305.1
Retained earnings 3,503.7 3,218.9
Treasury stock, at cost; 22,108,904 and 22,065,478 shares, respectively (1,091.8) (1,079.2)
Accumulated other comprehensive income 44.3 56.8
Total shareholders' equity 3,777.0 3,502.1
Total liabilities and shareholders' equity $ 10,131.6 $ 10,337.0
Common stock, shares issued (in shares) 41,768,966 41,649,426