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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 229.6 $ 343.6
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 49.6 39.2
Stock-based compensation 9.1 10.5
Loss on disposal of other assets 0.1 0.9
Gain on disposal of franchise (7.2) (10.0)
Unrealized investment loss 0.5 14.9
Deferred income taxes 14.5 11.3
Amortization of operating lease right-of-use assets 15.7 3.6
(Increase) decrease (net of acquisitions and dispositions):    
Accounts receivable, net 23.9 (80.4)
Inventories (56.9) (244.9)
Finance receivables (397.0) (201.4)
Other assets 14.1 (55.2)
Increase (decrease) (net of acquisitions and dispositions):    
Floor plan notes payable 38.9 33.7
Trade payables (10.0) 26.0
Accrued liabilities 31.7 111.6
Other long-term liabilities and deferred revenue (5.6) 22.9
Net cash (used in) provided by operating activities (49.0) 26.3
Cash flows from investing activities:    
Capital expenditures (38.9) (60.7)
Proceeds from sales of assets 0.8 6.8
Cash paid for other investments (11.1) (9.8)
Cash paid for acquisitions, net of cash acquired (387.4) (326.5)
Proceeds from sales of stores 22.7 32.9
Net cash used in investing activities (413.9) (357.3)
Cash flows from financing activities:    
Borrowings on floor plan notes payable, net: non-trade 187.6 177.1
Borrowings on lines of credit 3,462.9 2,295.0
Repayments on lines of credit (3,503.3) (2,029.8)
Principal payments on long-term debt and finance lease liabilities, scheduled (8.7) (23.6)
Principal payments on long-term debt and finance lease liabilities, other (3.4) (12.5)
Proceeds from issuance of long-term debt 10.4 16.2
Principal payments on non-recourse notes payable (76.5) (39.3)
Proceeds from issuance of non-recourse notes payable 479.7 0.0
Payment of debt issuance costs (3.7) 0.0
Proceeds from issuance of common stock 6.1 7.8
Repurchase of common stock (14.4) (60.9)
Dividends paid (11.5) (10.3)
Payment of contingent consideration related to acquisitions (14.0) (3.7)
Other financing activity (1.3) 0.0
Net cash provided by financing activities 509.9 316.0
Effect of exchange rate changes on cash and restricted cash 6.2 1.7
Increase (decrease) in cash and restricted cash 53.2 (13.3)
Cash and restricted cash at beginning of year 271.5 178.5
Cash and restricted cash at end of period 324.7 165.2
Reconciliation of cash and restricted cash to the consolidated balance sheets    
Cash 184.9 131.6
Restricted cash from collections on auto loans receivable and customer deposits 114.5 29.8
Cash and restricted cash 299.4 161.4
Restricted cash on deposit in reserve accounts, included in other non-current assets 25.3 3.8
Total cash and restricted cash reported in the Consolidated Statements of Cash Flows 324.7 165.2
Supplemental cash flow information:    
Cash paid during the period for interest 95.7 29.3
Cash paid during the period for income taxes, net 5.2 5.1
Debt paid in connection with store disposals 1.6 0.0
Non-cash activities:    
Debt assumed in connection with acquisitions 365.4 0.0
Acquisition of finance leases in connection with acquisitions 0.0 59.0
Right-of-use assets obtained in exchange for lease liabilities 103.8 8.5
Unsettled repurchases of common stock $ 0.0 $ 19.1