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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 70.5 $ 59.8
Receivables, net 1,023.3 1,066.3
Inventory 3,231.6 3,360.0
Other current assets 223.9 211.9
Total Current Assets 4,549.3 4,698.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $66.9 million and $54.8 million, respectively 1,397.7 1,057.1
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.4 billion and $2.3 billion, respectively 3,795.2 3,791.9
OPERATING LEASE ASSETS 463.1 391.1
GOODWILL 1,452.9 1,452.9
OTHER INTANGIBLE ASSETS, NET 966.2 905.9
OTHER ASSETS 701.2 704.8
Total Assets 13,325.6 13,001.7
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,558.9 3,709.7
Accounts payable 331.5 376.6
Commercial paper 340.0 630.0
Current maturities of long-term debt 518.2 518.5
Current portion of non-recourse debt 41.3 28.3
Other current liabilities 1,091.5 1,049.1
Total Current Liabilities 5,881.4 6,312.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,104.5 2,613.6
NON-RECOURSE DEBT, NET OF CURRENT PORTION 1,038.9 797.7
NONCURRENT OPERATING LEASE LIABILITIES 430.3 356.9
DEFERRED INCOME TAXES 86.0 83.1
OTHER LIABILITIES 381.3 380.9
COMMITMENTS AND CONTINGENCIES (Note 15)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at March 31, 2025, and December 31, 2024, including shares held in treasury 0.6 0.6
Additional paid-in capital 3.3 20.3
Retained earnings 5,502.5 5,331.8
Treasury stock, at cost; 25,677,029 and 24,527,869 shares held, respectively (3,103.2) (2,895.4)
Total Shareholders’ Equity 2,403.2 2,457.3
Total Liabilities and Shareholders’ Equity 13,325.6 13,001.7
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,029.6 2,216.2
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,529.3 $ 1,493.5