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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 67.2 $ 45.7
Short-term investments 10.5 6.2
Contracts-in-transit, net 210.2 279.7
Accounts receivable, net 235.2 226.1
Inventories, net 2,066.0 1,768.3
Assets held for sale 206.6 342.2
Other current assets 422.5 388.9
Total current assets 3,218.3 3,057.1
INVESTMENTS 337.6 326.7
PROPERTY AND EQUIPMENT, net 2,423.4 2,315.7
OPERATING LEASE RIGHT-OF-USE ASSETS 228.6 241.8
GOODWILL 2,010.4 2,009.0
INTANGIBLE FRANCHISE RIGHTS 1,957.1 2,095.8
OTHER LONG-TERM ASSETS 130.7 113.3
Total assets 10,306.0 10,159.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 102.8 195.1
Floor plan notes payable—non-trade, net 1,317.3 1,590.6
Current maturities of long-term debt 113.1 84.9
Current maturities of operating leases 26.9 26.2
Accounts payable and accrued liabilities 769.7 748.1
Deferred revenue—current 233.6 228.6
Liabilities associated with assets held for sale 2.0 2.1
Total current liabilities 2,565.5 2,875.7
LONG-TERM DEBT 3,488.2 3,121.2
LONG-TERM LEASE LIABILITY 209.3 222.1
DEFERRED REVENUE 525.8 508.1
DEFERRED INCOME TAXES 137.7 136.4
OTHER LONG-TERM LIABILITIES 48.8 51.7
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value; 10,000,000 shares authorized; none issued or outstanding 0.0 0.0
Common stock, $.01 par value; 90,000,000 shares authorized; 42,044,298 and 42,352,001 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,299.5 1,288.4
Retained earnings 3,048.7 2,961.5
Treasury stock, at cost; 22,064,198 and 22,018,537 shares, respectively (1,082.5) (1,067.3)
Accumulated other comprehensive income 64.7 61.1
Total shareholders' equity 3,330.7 3,244.1
Total liabilities and shareholders' equity $ 10,306.0 $ 10,159.4