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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 48.7 $ 48.6
Receivables, net 782.7 976.2
Inventory 3,771.4 3,650.5
Other current assets 229.0 208.7
Total Current Assets 4,831.8 4,884.0
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.4 billion and $1.3 billion, respectively 3,129.6 3,155.3
OPERATING LEASE ASSETS 343.4 0.0
GOODWILL 1,509.8 1,513.2
OTHER INTANGIBLE ASSETS, NET 596.7 595.4
OTHER ASSETS 503.0 517.2
Total Assets 10,914.3 10,665.1
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 4,031.1 3,997.7
Accounts payable 269.2 306.2
Commercial paper 470.0 630.0
Current maturities of long-term debt 393.5 44.3
Other current liabilities 734.7 679.9
Total Current Liabilities 5,898.5 5,658.1
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,575.9 1,926.2
NONCURRENT OPERATING LEASE LIABILITIES 315.0 0.0
DEFERRED INCOME TAXES 90.6 89.8
OTHER LIABILITIES 248.5 275.0
COMMITMENTS AND CONTINGENCIES (Note 15)
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; 102,562,149 shares issued at March 31, 2019, and December 31, 2018, including shares held in treasury 1.0 1.0
Additional paid-in capital 24.7 20.8
Retained earnings 3,330.3 3,238.3
Treasury stock, at cost; 13,357,532 and 12,540,065 shares held, respectively (570.2) (544.1)
Total Shareholders’ Equity 2,785.8 2,716.0
Total Liabilities and Shareholders’ Equity 10,914.3 10,665.1
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,453.7 2,388.0
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,577.4 $ 1,609.7