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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 124.6 $ 69.4
Short-term investments 6.6 14.4
Contracts-in-transit, net 263.9 263.8
Accounts receivable, net 264.7 285.5
Inventories, net 1,822.4 1,978.8
Assets held for sale 409.9 174.4
Other current assets 355.1 351.7
Total current assets 3,247.1 3,137.9
INVESTMENTS 358.9 334.2
PROPERTY AND EQUIPMENT, net 2,475.1 2,550.7
OPERATING LEASE RIGHT-OF-USE ASSETS 218.0 220.1
GOODWILL 1,976.2 2,044.7
INTANGIBLE FRANCHISE RIGHTS 1,816.9 1,911.7
OTHER LONG-TERM ASSETS 128.9 137.8
Total assets 10,221.0 10,337.0
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 261.8 349.9
Floor plan notes payable—non-trade, net 1,201.6 1,344.8
Current maturities of long-term debt 113.4 114.7
Current maturities of operating leases 27.3 28.1
Accounts payable and accrued liabilities 764.5 761.4
Deferred revenue—current 239.0 235.5
Liabilities associated with assets held for sale 0.0 1.9
Total current liabilities 2,607.6 2,836.3
LONG-TERM DEBT 3,015.1 3,023.9
LONG-TERM LEASE LIABILITY 198.8 200.0
DEFERRED REVENUE 529.3 530.5
DEFERRED INCOME TAXES 185.2 187.7
OTHER LONG-TERM LIABILITIES 61.5 56.4
COMMITMENTS AND CONTINGENCIES (Note 13)
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; 41,767,418 and 41,649,426 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,314.2 1,305.1
Retained earnings 3,351.0 3,218.9
Treasury stock, at cost; 22,108,258 and 22,065,478 shares, respectively (1,091.7) (1,079.2)
Accumulated other comprehensive income 49.6 56.8
Total shareholders' equity 3,623.5 3,502.1
Total liabilities and shareholders' equity $ 10,221.0 $ 10,337.0