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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 13,037 $ 40,975
Contracts-in-transit and vehicle receivables, net 252,438 237,448
Accounts and notes receivable, net 157,768 151,330
Inventories, net 1,737,751 1,556,705
Deferred income taxes 14,109 11,062
Prepaid expenses and other current assets 27,852 37,699
Total current assets 2,202,955 2,035,219
PROPERTY AND EQUIPMENT, net 1,033,981 950,388
GOODWILL 854,915 830,377
INTANGIBLE FRANCHISE RIGHTS 307,588 303,947
OTHER ASSETS 15,490 21,561
Total assets 4,414,929 4,141,492
CURRENT LIABILITIES:    
Floorplan notes payable - credit facility and other 1,265,719 1,143,246
Offset account related to floorplan notes payable - credit facility (110,759) (39,616)
Floorplan notes payable — manufacturer affiliates 389,071 307,656
Offset account related to floorplan notes payable - manufacturer affiliates (25,500) (22,500)
Current maturities of long-term debt 55,193 72,630
Accounts payable 280,423 288,320
Accrued expenses 185,323 172,463
Total current liabilities 2,039,470 1,922,199
LONG-TERM DEBT, net of current maturities 1,203,436 1,008,837
Deferred Tax Liabilities, Net, Noncurrent 150,753 141,239
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES 31,153 25,311
OTHER LIABILITIES $ 71,865 $ 65,896
COMMITMENTS AND CONTIGENCIES (NOTE 14)
STOCKHOLDERS' EQUITY:    
Preferred stock $ 0 $ 0
Common stock 257 257
Additional paid-in capital 291,092 286,854
Retained earnings 926,169 852,057
Accumulated other comprehensive loss (137,984) (81,984)
Treasury stock, at cost (161,282) (79,174)
Stockholders' Equity Attributable 918,252 978,010
Total liabilities and stockholders' equity $ 4,414,929 $ 4,141,492