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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 552.1 $ 286.5 $ 174.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 78.9 75.8 71.6
Change in operating lease assets 25.0 24.0 28.2
Deferred income taxes 31.0 (0.9) 16.2
Asset impairments 79.2 37.7 22.2
Stock-based compensation 28.3 32.3 18.8
Amortization of debt discount and issue costs 2.5 3.2 4.0
Gain on disposition of assets (6.0) (5.8) (5.9)
Loss on extinguishment of debt 3.8 13.7 0.0
Other 2.6 2.2 1.1
Changes in assets and liabilities, net of acquisitions and dispositions:      
Accounts payable and accrued expenses 48.1 (45.9) 123.1
Accounts and notes receivable 11.2 21.2 (32.5)
Inventories 529.8 416.1 (28.8)
Contracts-in-transit and vehicle receivables (6.4) 43.5 12.7
Prepaid expenses and other assets (2.1) 56.9 (44.0)
Floorplan notes payable — manufacturer affiliates (90.7) (132.2) 38.9
Deferred revenues (1.5) (0.5) (0.5)
Operating lease liabilities (25.9) (22.3) (28.3)
Net cash provided by operating activities 1,259.6 805.4 370.9
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash paid for acquisitions, net, including repayment of sellers’ floorplan notes payable of $65.2, $— and $25.2, respectively (1,099.6) (1.3) (143.2)
Proceeds from disposition of franchises, property and equipment 24.8 29.8 43.4
Purchases of property and equipment (143.6) (103.2) (191.8)
Other (33.3) 0.0 0.0
Net cash used in investing activities (1,251.7) (74.7) (291.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings on credit facility — floorplan line and other 8,333.2 9,998.1 7,304.6
Repayments on credit facility — floorplan line and other (8,801.8) (10,374.0) (7,423.2)
Borrowings on credit facility — acquisition line 349.3 284.0 319.0
Repayments on credit facility — acquisition line (66.6) (309.5) (281.4)
Debt issue costs (2.8) (9.0) (5.4)
Borrowings of senior notes 200.0 550.0 0.0
Repayments of senior notes 0.0 (857.9) 0.0
Borrowings on other debt 334.3 271.9 350.9
Principal payments on other debt (187.3) (134.0) (314.0)
Proceeds from employee stock purchase plan 15.2 9.6 8.6
Payments of tax withholding for stock-based awards (13.0) (6.2) (4.4)
Repurchases of common stock, amounts based on settlement date (210.6) (80.2) (1.4)
Dividends paid (23.9) (11.0) (20.3)
Net cash used in financing activities (74.0) (668.1) (67.0)
Effect of exchange rate changes on cash (2.5) (3.4) (2.9)
Net (decrease) increase in cash and cash equivalents (68.6) 59.2 9.3
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 87.3 28.1 18.7
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 18.7 $ 87.3 $ 28.1