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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 284.3 $ 178.9
Short-term investments 12.5 11.0
Contracts-in-transit 205.6 212.5
Accounts receivable, net 186.7 229.8
Inventories 701.1 718.4
Assets held for sale 198.2 375.1
Other current assets 225.5 203.7
Total current assets 1,813.9 1,929.4
INVESTMENTS 115.4 123.5
PROPERTY AND EQUIPMENT, net 1,988.4 1,990.0
OPERATING LEASE RIGHT-OF-USE ASSETS 252.4 261.0
GOODWILL 2,234.6 2,271.7
INTANGIBLE FRANCHISE RIGHTS 1,335.7 1,335.7
DEFERRED INCOME TAXES, net of current portion 59.3 69.1
OTHER LONG-TERM ASSETS 60.4 22.2
Total assets 7,860.1 8,002.6
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 15.3 37.3
Floor plan notes payable—non-trade, net 383.3 527.2
Current maturities of long-term debt 62.6 62.5
Current maturities of operating leases 26.2 25.8
Accounts payable and accrued liabilities 880.2 742.9
Deferred revenue—current 196.4 181.5
Liabilities associated with assets held for sale 20.8 20.8
Total current liabilities 1,584.8 1,598.0
LONG-TERM DEBT 3,340.7 3,520.1
OPERATING LEASE LIABILITIES 233.3 242.0
DEFERRED REVENUE 466.9 466.3
OTHER LONG-TERM LIABILITIES 51.9 60.7
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; 44,098,525 and 45,052,293 shares issued, including shares held in treasury, respectively 0.4 0.4
Additional paid-in capital 1,274.1 1,278.6
Retained earnings 1,931.9 1,881.3
Treasury stock, at cost; 21,968,061 and 21,914,251 shares, respectively (1,053.0) (1,044.1)
Accumulated other comprehensive gain (loss) 29.1 (0.7)
Total shareholders' equity 2,182.5 2,115.5
Total liabilities and shareholders' equity $ 7,860.1 $ 8,002.6