XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 350,500,000 $ 42,000,000.0
Receivables, net 682,500,000 916,700,000
Inventory 2,482,500,000 3,305,800,000
Other current assets 139,400,000 146,600,000
Total Current Assets 3,654,900,000 4,411,100,000
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.6 billion and $1.5 billion, respectively 3,125,100,000 3,174,600,000
OPERATING LEASE ASSETS 329,000,000.0 333,100,000
GOODWILL 1,186,500,000 1,501,900,000
OTHER INTANGIBLE ASSETS, NET 521,800,000 581,600,000
OTHER ASSETS 752,000,000.0 541,000,000.0
Total Assets 9,569,300,000 10,543,300,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,308,600,000 3,575,800,000
Accounts payable 344,500,000 290,300,000
Commercial paper 0 170,000,000.0
Current maturities of long-term debt 307,700,000 355,600,000
Accrued payroll and benefits 214,300,000 178,400,000
Other current liabilities 535,500,000 530,100,000
Total Current Liabilities 3,710,600,000 5,100,200,000
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,782,000,000.0 1,578,500,000
NONCURRENT OPERATING LEASE LIABILITIES 304,700,000 305,000,000.0
DEFERRED INCOME TAXES 110,100,000 135,100,000
OTHER LIABILITIES 304,000,000.0 262,400,000
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued 0 0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 102,562,149 shares issued at September 30, 2020, and December 31, 2019, including shares held in treasury 1,000,000.0 1,000,000.0
Additional paid-in capital 41,300,000 35,900,000
Retained earnings 3,917,900,000 3,688,300,000
Treasury stock, at cost; 14,717,090 and 13,212,974 shares held, respectively (602,300,000) (563,100,000)
Total Shareholders’ Equity 3,357,900,000 3,162,100,000
Total Liabilities and Shareholders’ Equity 9,569,300,000 10,543,300,000
PROPERTY AND EQUIPMENT, accumulated depreciation $ 1,600,000,000 $ 1,500,000,000
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock authorized (in shares) 5,000,000 5,000,000
Preferred stock issued (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock authorized (in shares) 1,500,000,000 1,500,000,000
Common stock issued (in shares) 102,562,149 102,562,149
Treasury stock (in shares) 14,717,090 13,212,974
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,467,600,000 $ 2,120,600,000
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 841,000,000.0 $ 1,455,200,000