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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 32.2 $ 69.4
Short-term investments 0.9 14.4
Contracts-in-transit, net 201.6 263.8
Accounts receivable, net 284.8 285.5
Inventories, net 2,318.9 1,978.8
Assets held for sale 71.2 174.4
Other current assets 426.4 351.7
Total current assets 3,336.0 3,137.9
INVESTMENTS 412.5 334.2
PROPERTY AND EQUIPMENT, net 3,111.7 2,550.7
OPERATING LEASE RIGHT-OF-USE ASSETS 249.6 220.1
GOODWILL 2,264.8 2,044.7
INTANGIBLE FRANCHISE RIGHTS 2,268.4 1,911.7
OTHER LONG-TERM ASSETS 130.5 137.8
Total assets 11,773.5 10,337.0
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 344.7 349.9
Floor plan notes payable—non-trade, net 1,777.3 1,344.8
Current maturities of long-term debt 106.7 114.7
Current maturities of operating leases 29.3 28.1
Accounts payable and accrued liabilities 858.7 761.4
Deferred revenue—current 244.3 235.5
Liabilities associated with assets held for sale 0.0 1.9
Total current liabilities 3,360.9 2,836.3
LONG-TERM DEBT 3,498.6 3,023.9
LONG-TERM LEASE LIABILITY 228.9 200.0
DEFERRED REVENUE 567.8 530.5
DEFERRED INCOME TAXES 182.7 187.7
OTHER LONG-TERM LIABILITIES 56.6 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; 41,550,096 and 41,649,426 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,323.7 1,305.1
Retained earnings 3,603.5 3,218.9
Treasury stock, at cost; 22,109,547 and 22,065,478 shares, respectively (1,092.0) (1,079.2)
Accumulated other comprehensive income 42.3 56.8
Total shareholders' equity 3,878.0 3,502.1
Total liabilities and shareholders' equity $ 11,773.5 $ 10,337.0
Common stock, shares issued (in shares) 41,550,096 41,649,426