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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 235.3 $ 178.9
Short term investments 5.4 11.0
Contracts-in-transit, net 220.8 212.5
Accounts receivable, net 171.9 229.8
Inventories, net 959.2 718.4
Assets held for sale 29.1 375.1
Other current assets 288.1 203.7
Total current assets 1,909.8 1,929.4
INVESTMENTS 235.0 123.5
PROPERTY AND EQUIPMENT, net 1,941.0 1,990.0
OPERATING LEASE RIGHT-OF-USE ASSETS 235.4 261.0
GOODWILL 1,783.4 2,271.7
INTANGIBLE FRANCHISE RIGHTS 1,800.1 1,335.7
DEFERRED INCOME TAXES 0.0 69.1
OTHER LONG-TERM ASSETS 116.7 22.1
Total assets 8,021.4 8,002.6
CURRENT LIABILITIES:    
Floor plan notes payable—trade, net 51.0 37.3
Floor plan notes payable—non-trade, net 0.0 527.2
Current maturities of long-term debt 84.5 62.5
Current maturities of operating leases 23.6 25.8
Accounts payable and accrued liabilities 645.0 742.9
Deferred revenue—current 218.9 181.5
Liabilities associated with assets held for sale 10.5 20.8
Total current liabilities 1,033.4 1,597.9
LONG-TERM DEBT 3,216.8 3,520.1
LONG-TERM LEASE LIABILITY 218.4 242.0
DEFERRED REVENUE 495.0 466.3
DEFERRED INCOME TAXES 100.7 0.0
OTHER LONG-TERM LIABILITIES 53.5 60.8
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; 43,593,809 and 45,052,293 shares issued, including shares held in treasury, respectively 0.4 0.5
Additional paid-in capital 1,281.4 1,278.5
Retained earnings 2,610.1 1,881.2
Treasury stock, at cost; 22,024,479 and 21,914,251 shares, respectively (1,063.0) (1,044.2)
Accumulated other comprehensive income (loss) 74.4 (0.5)
Total shareholders' equity 2,903.5 2,115.5
Total liabilities and shareholders' equity $ 8,021.4 $ 8,002.6