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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 69.4 $ 45.7
Short-term investments 14.4 6.2
Contracts-in-transit, net 263.8 279.7
Accounts receivable, net 285.5 226.1
Inventories, net 1,978.8 1,768.3
Assets held for sale 174.4 342.2
Other current assets 351.7 388.9
Total current assets 3,137.9 3,057.1
INVESTMENTS 334.2 326.7
PROPERTY AND EQUIPMENT, net 2,550.7 2,315.7
OPERATING LEASE RIGHT-OF-USE ASSETS 220.1 241.8
GOODWILL 2,044.7 2,009.0
INTANGIBLE FRANCHISE RIGHTS 1,911.7 2,095.8
OTHER LONG-TERM ASSETS 137.8 113.3
Total assets 10,337.0 10,159.4
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 349.9 195.1
Floor plan notes payable—non-trade, net 1,344.8 1,590.6
Current maturities of long-term debt 114.7 84.9
Current maturities of operating leases 28.1 26.2
Accounts payable and accrued liabilities 761.4 748.1
Deferred revenue—current 235.5 228.6
Liabilities associated with assets held for sale 1.9 2.1
Total current liabilities 2,836.3 2,875.7
LONG-TERM DEBT 3,023.9 3,121.2
LONG-TERM LEASE LIABILITY 200.0 222.1
DEFERRED REVENUE 530.5 508.1
DEFERRED INCOME TAXES 187.7 136.4
OTHER LONG-TERM LIABILITIES 56.4 51.7
COMMITMENTS AND CONTINGENCIES (Note 21)
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; 41,649,426 and 42,352,001 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,305.1 1,288.4
Retained earnings 3,218.9 2,961.5
Treasury stock, at cost; 22,065,478 and 22,018,537 shares, respectively (1,079.2) (1,067.3)
Accumulated other comprehensive income 56.8 61.1
Total shareholders' equity 3,502.1 3,244.1
Total liabilities and shareholders' equity $ 10,337.0 $ 10,159.4
Treasury stock (in shares) 22,065,478 22,018,537