XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 60.2 $ 60.8
Receivables, net 923.8 1,040.4
Inventory 3,530.8 3,033.4
Other current assets 234.7 172.3
Total Current Assets 4,749.5 4,306.9
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $55.0 million and $46.3 million, respectively 891.5 402.4
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.2 billion and $2.1 billion, respectively 3,781.1 3,791.6
OPERATING LEASE ASSETS 403.4 392.1
GOODWILL 1,447.6 1,465.8
OTHER INTANGIBLE ASSETS, NET 922.6 927.8
OTHER ASSETS 710.9 693.4
Total Assets 12,906.6 11,980.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,805.2 3,382.4
Accounts payable 298.6 344.7
Commercial paper 350.0 440.0
Current maturities of long-term debt 463.6 462.4
Current portion of non-recourse debt 25.2 8.8
Other current liabilities 1,017.8 944.2
Total Current Liabilities 5,960.4 5,582.5
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,120.9 3,127.9
NON-RECOURSE DEBT, NET OF CURRENT PORTION 620.7 249.6
NONCURRENT OPERATING LEASE LIABILITIES 367.8 363.2
DEFERRED INCOME TAXES 88.0 85.0
OTHER LIABILITIES 377.6 360.4
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at September 30, 2024, and December 31, 2023, including shares held in treasury 0.6 0.6
Additional paid-in capital 16.4 22.4
Retained earnings 5,145.7 4,643.0
Treasury stock, at cost; 23,915,945 and 21,917,635 shares held, respectively (2,791.5) (2,454.6)
Total Shareholders’ Equity 2,371.2 2,211.4
Total Liabilities and Shareholders’ Equity 12,906.6 11,980.0
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,224.8 1,760.0
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,580.4 $ 1,622.4