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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 170.3 $ 160.2
Accounts receivable, net of allowance for doubtful accounts of $8.4 and $5.9 740.7 614.0
Inventories, net 2,329.7 2,492.9
Other current assets 48.2 70.5
Total current assets 3,288.9 3,337.6
Property and equipment, net of accumulated depreciation of $355.6 and $338.0 2,221.0 2,197.5
Operating lease right-of-use assets 258.7 264.0
Goodwill 617.5 593.0
Franchise value 368.0 350.2
Other non-current assets 1,497.5 1,159.8
Total assets 8,251.6 7,902.1
Current liabilities:    
Floor plan notes payable 341.5 234.2
Floor plan notes payable: non-trade 1,480.7 1,563.0
Current maturities of long-term debt 60.3 66.0
Trade payables 199.4 158.2
Accrued liabilities 529.0 458.3
Total current liabilities 2,610.9 2,479.7
Long-term debt, less current maturities 2,124.0 2,064.7
Deferred revenue 162.2 155.7
Deferred income taxes 157.4 146.3
Non-current operating lease liabilities 241.6 246.7
Other long-term liabilities 147.9 147.5
Total liabilities 5,444.0 5,240.6
Stockholders’ equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Additional paid-in capital 36.0 41.4
Accumulated other comprehensive loss (4.5) (6.3)
Retained earnings 1,986.2 1,838.2
Total stockholders’ equity 2,807.6 2,661.5
Total liabilities and stockholders’ equity 8,251.6 7,902.1
Class A common stock    
Stockholders’ equity:    
Common stock - Class A and Class B 789.9 788.2
Class B common stock    
Stockholders’ equity:    
Common stock - Class A and Class B $ 0.0 $ 0.0