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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 34.4 $ 57.2
Contracts-in-transit and vehicle receivables, net 360.1 369.2
Accounts and notes receivables, net 303.0 238.4
Inventories 2,636.8 1,963.4
Prepaid expenses 67.9 38.9
Other current assets 18.8 25.1
Current assets classified as held for sale 76.2 99.1
TOTAL CURRENT ASSETS 3,497.3 2,791.3
Property and equipment, net 2,856.5 2,248.7
Operating lease assets 315.3 216.5
Goodwill 2,057.9 1,651.9
Intangible franchise rights 948.1 701.2
Other long-term assets 149.1 164.6
TOTAL ASSETS 9,824.2 7,774.1
CURRENT LIABILITIES:    
Floorplan notes payable — credit facility and other, net of offset account of $286.3 and $236.7, respectively 1,255.3 1,153.0
Floorplan notes payable — manufacturer affiliates, net of offset account of $2.0 and $38.5, respectively 766.7 412.4
Current maturities of long-term debt 175.3 109.4
Current operating lease liabilities 25.8 20.9
Accounts payable 738.0 499.3
Accrued expenses and other current liabilities 418.6 303.4
Current liabilities classified as held for sale 17.1 7.2
TOTAL CURRENT LIABILITIES 3,396.8 2,505.7
Long-term debt 2,737.9 1,989.4
Long-term operating lease liabilities 276.2 209.4
Deferred income taxes 295.8 256.6
Other long-term liabilities 143.3 138.6
Commitments and Contingencies (Note 18)
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; 24,989,807 and 25,131,460 issued, respectively 0.2 0.3
Additional paid-in capital 356.1 349.1
Retained earnings 4,122.4 3,649.8
Accumulated other comprehensive income (loss) 1.6 28.1
Treasury stock, at cost; 11,711,022 and 11,447,422 shares, respectively (1,506.2) (1,352.8)
TOTAL STOCKHOLDERS’ EQUITY 2,974.3 2,674.4
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,824.2 $ 7,774.1