XML 22 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 87.3 $ 23.8
Contracts-in-transit and vehicle receivables, net 211.2 253.8
Accounts and notes receivable, net 200.0 225.1
Inventories 1,468.0 1,901.7
Prepaid expenses 19.4 96.4
Other current assets 18.4 15.5
TOTAL CURRENT ASSETS 2,004.2 2,516.3
Property and equipment, net 1,608.2 1,547.1
Operating lease assets 209.9 220.1
Goodwill 997.1 1,008.3
Intangible franchise rights 232.8 253.5
Other long-term assets 37.2 24.8
TOTAL ASSETS 5,089.4 5,570.2
CURRENT LIABILITIES:    
Floorplan notes payable — credit facility and other, net of offset account of $160.4 and $106.8, respectively 767.6 1,144.4
Floorplan notes payable — manufacturer affiliates, net of offset account of $16.0 and $4.1, respectively 327.5 459.9
Current maturities of long-term debt 56.7 59.1
Current operating lease liabilities 21.5 24.6
Accounts payable 442.6 527.5
Accrued expenses and other current liabilities 226.9 206.7
TOTAL CURRENT LIABILITIES 1,842.7 2,422.3
Long-term debt 1,294.7 1,432.1
Long-term operating lease liabilities 207.6 210.7
Deferred income taxes 141.0 145.7
Long-term interest rate swap liabilities 40.6 4.4
Other long-term liabilities 113.2 99.2
Commitments and Contingencies (Note 16)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,433,048 and 25,486,711 issued, respectively 0.3 0.3
Additional paid-in capital 308.3 295.3
Retained earnings 1,817.9 1,542.4
Accumulated other comprehensive income (loss) (184.0) (147.0)
Treasury stock, at cost; 7,342,546 and 6,858,503 shares, respectively (492.8) (435.3)
TOTAL STOCKHOLDERS’ EQUITY 1,449.6 1,255.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 5,089.4 $ 5,570.2