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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 985.9 $ 230.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 0.2 0.2
Depreciation and amortization 143.4 149.0
Amortization of debt issuance costs and accretion of debt discounts 3.5 3.5
Stock-based compensation expense 31.6 22.9
Deferred income tax benefit (15.1) (25.0)
Net gain related to business/property dispositions (6.3) (2.4)
Goodwill impairment 0.0 318.3
Franchise rights impairment 0.0 57.5
Non-cash impairment charges 3.2 11.4
Gain on equity investments (10.9) (212.7)
Other (8.2) (4.0)
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 215.6 232.7
Inventory 1,131.3 827.4
Other assets 70.9 81.6
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade (1,083.5) (661.8)
Accounts payable 19.1 57.5
Other liabilities 78.7 78.1
Net cash provided by continuing operations 1,559.4 1,164.3
Net cash used in discontinued operations (0.2) 0.0
Net cash provided by operating activities 1,559.2 1,164.3
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (161.3) (113.1)
Proceeds from assets held for sale 34.8 8.2
Insurance recoveries on property and equipment 1.6 1.9
Cash received from business divestitures, net of cash relinquished 4.8 2.2
Cash used in business acquisitions, net of cash acquired (209.1) (0.4)
Proceeds from sale of equity securities 109.4 0.0
Investment in equity securities (3.3) (50.0)
Other (2.4) (0.4)
Net cash used in continuing operations (225.5) (151.6)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (225.5) (151.6)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (1,936.5) (80.0)
Proceeds from revolving credit facility 0.0 1,110.0
Payments of revolving credit facility 0.0 (1,110.0)
Net payments of commercial paper 0.0 (170.0)
Payment of debt issuance costs (8.0) (11.0)
Net payments of vehicle floorplan payable - non-trade (452.0) (609.7)
Payments of other debt obligations (7.5) (4.6)
Proceeds from the exercise of stock options 42.6 31.5
Payments of tax withholdings for stock-based awards (17.9) (8.2)
Net cash used in continuing operations (1,831.3) (704.6)
Net cash used in discontinued operations 0.0 0.0
Net cash used in financing activities (1,831.3) (704.6)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (497.6) 308.1
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 569.7 42.5
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period 72.1 350.6
1.95% Senior Notes Due 2028    
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Proceeds from senior notes 399.2 0.0
2.4% Senior Notes Due 2031    
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Proceeds from senior notes 448.8 0.0
4.75% Senior Notes Due 2030 [Member]    
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Proceeds from senior notes 0.0 497.4
3.35% Senior Notes Due 2021 [Member]    
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Payment of senior notes (300.0) 0.0
5.5% Senior Notes Due 2020 [Member]    
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Payment of senior notes $ 0.0 $ (350.0)