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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 27.1 $ 31.6
Accounts receivable, net of allowance for doubtful accounts of $6.9 and $7.2 459.7 529.4
Inventories, net 2,386.4 2,365.3
Other current assets 56.7 65.1
Total Current Assets 2,929.9 2,991.4
Property and equipment, net of accumulated depreciation of $272.1 and $240.5 1,482.6 1,448.0
Operating lease right-of-use assets 249.5 0.0
Goodwill 456.8 434.9
Franchise value 309.1 288.7
Other non-current assets 309.6 221.0
Total Assets 5,737.5 5,384.0
Current Liabilities:    
Floor plan notes payable 407.5 324.4
Floor plan notes payable: non-trade 1,594.5 1,733.3
Current maturities of long-term debt 26.3 25.9
Trade payables 127.0 126.3
Accrued liabilities 328.1 283.6
Total Current Liabilities 2,483.4 2,493.5
Long-term debt, less current maturities 1,287.8 1,358.2
Deferred revenue 133.8 121.7
Deferred income taxes 130.0 91.2
Noncurrent operating lease liabilities 235.2 0.0
Other long-term liabilities 108.1 122.2
Total Liabilities 4,378.3 4,186.8
Stockholders’ Equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Additional paid-in capital 3.4 35.0
Accumulated other comprehensive loss (1.9) 0.0
Retained earnings 1,340.7 1,162.1
Total Stockholders’ Equity 1,359.2 1,197.2
Total Liabilities and Stockholders’ Equity 5,737.5 5,384.0
Class A common stock    
Stockholders’ Equity:    
Common stock - Class A and Class B 16.9 0.0
Class B common stock    
Stockholders’ Equity:    
Common stock - Class A and Class B $ 0.1 $ 0.1