XML 40 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 65.3 $ 75.4
Receivables, net 770.6 817.8
Inventory 3,230.7 2,899.0
Other current assets 207.0 207.0
Total Current Assets 4,273.6 3,999.2
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $985.1 million and $930.5 million, respectively 2,489.2 2,422.0
GOODWILL 1,341.0 1,314.7
OTHER INTANGIBLE ASSETS, NET 392.4 354.7
OTHER ASSETS 343.2 309.1
Total Assets 8,839.4 8,399.7
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,321.4 3,097.2
Accounts payable 264.4 264.7
Commercial paper 298.5 0.0
Current maturities of long-term debt 24.6 25.0
Other current liabilities 486.8 495.1
Total Current Liabilities 4,395.7 3,882.0
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,805.5 2,103.4
DEFERRED INCOME TAXES 146.0 137.9
OTHER LIABILITIES $ 206.9 $ 204.3
COMMITMENTS AND CONTINGENCIES (Note 11)    
SHAREHOLDERS’ EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued $ 0.0 $ 0.0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 163,562,149 shares issued at June 30, 2015, and December 31, 2014, including shares held in treasury 1.6 1.6
Additional paid-in capital 73.9 61.8
Retained earnings 3,983.2 3,756.6
Treasury stock, at cost; 50,206,792 and 50,248,909 shares held, respectively (1,773.4) (1,747.9)
Total Shareholders’ Equity 2,285.3 2,072.1
Total Liabilities and Shareholders’ Equity 8,839.4 8,399.7
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,289.8 2,090.7
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,031.6 $ 1,006.5