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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 780.9 $ 160.2
Accounts receivable, net of allowance for doubtful accounts of $11.1 and $5.9 799.7 614.0
Inventories, net 2,238.8 2,492.9
Other current assets 51.4 70.5
Total current assets 3,870.8 3,337.6
Property and equipment, net of accumulated depreciation of $375.7 and $338.0 2,299.3 2,197.5
Operating lease right-of-use assets 255.1 264.0
Goodwill 617.3 593.0
Franchise value 369.7 350.2
Other non-current assets 2,680.3 1,159.8
Total assets 10,092.5 7,902.1
Current liabilities:    
Floor plan notes payable 285.1 234.2
Floor plan notes payable: non-trade 966.9 1,563.0
Current maturities of long-term debt 486.1 66.0
Trade payables 256.0 158.2
Accrued liabilities 601.7 458.3
Total current liabilities 2,595.8 2,479.7
Long-term debt, less current maturities 2,521.9 2,064.7
Deferred revenue 172.1 155.7
Deferred income taxes 178.8 146.3
Non-current operating lease liabilities 237.2 246.7
Other long-term liabilities 158.3 147.5
Total liabilities 5,864.1 5,240.6
Stockholders’ equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Common stock [1] 1,906.9 788.2
Additional paid-in capital 44.0 41.4
Accumulated other comprehensive loss (4.3) (6.3)
Retained earnings 2,281.8 1,838.2
Total stockholders’ equity 4,228.4 2,661.5
Total liabilities and stockholders’ equity 10,092.5 7,902.1
Class B common stock    
Stockholders’ equity:    
Common stock $ 0.0 $ 0.0
[1] Prior to June 7, 2021, common stock was classified as Class A common stock. The Class A common stock reclassification as common stock occurred in connection with the elimination of the Company’s classified common stock structure following the conversion of all Class B common stock to Class A common stock.