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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 60.3 $ 45.7
Short-term investments 9.0 6.2
Contracts-in-transit, net 203.9 279.7
Accounts receivable, net 256.6 226.1
Inventories, net 2,030.8 1,768.3
Assets held for sale 162.8 342.2
Other current assets 381.1 388.9
Total current assets 3,104.5 3,057.1
INVESTMENTS 321.8 326.7
PROPERTY AND EQUIPMENT, net 2,442.7 2,315.7
OPERATING LEASE RIGHT-OF-USE ASSETS 222.4 241.8
GOODWILL 2,011.3 2,009.0
INTANGIBLE FRANCHISE RIGHTS 1,956.7 2,095.8
OTHER LONG-TERM ASSETS 114.1 113.3
Total assets 10,173.6 10,159.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 307.2 195.1
Floor plan notes payable—non-trade, net 1,178.8 1,590.6
Current maturities of long-term debt 83.4 84.9
Current maturities of operating leases 26.4 26.2
Accounts payable and accrued liabilities 761.1 748.1
Deferred revenue—current 235.4 228.6
Liabilities associated with assets held for sale 2.0 2.1
Total current liabilities 2,594.2 2,875.7
LONG-TERM DEBT 3,299.5 3,121.2
LONG-TERM LEASE LIABILITY 204.0 222.1
DEFERRED REVENUE 528.4 508.1
DEFERRED INCOME TAXES 132.6 136.4
OTHER LONG-TERM LIABILITIES 52.7 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; 41,652,707 and 42,352,001 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,299.7 1,288.4
Retained earnings 3,090.9 2,961.5
Treasury stock, at cost; 22,065,248 and 22,018,537 shares, respectively (1,079.1) (1,067.3)
Accumulated other comprehensive income 50.5 61.1
Total shareholders' equity 3,362.4 3,244.1
Total liabilities and shareholders' equity $ 10,173.6 $ 10,159.4