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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 72.6 $ 60.4
Receivables, net of allowance for credit losses of $1.7 million and $5.4 million, respectively 858.8 730.0
Inventory 2,048.3 1,847.9
Other current assets 158.3 173.4
Total Current Assets 3,138.0 2,811.7
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $57.5 million at December 31, 2022 303.1 0.0
PROPERTY AND EQUIPMENT, NET 3,607.2 3,419.5
OPERATING LEASE ASSETS 323.5 284.0
GOODWILL 1,320.1 1,235.3
OTHER INTANGIBLE ASSETS, NET 837.0 743.5
OTHER ASSETS 530.8 449.6
Total Assets 10,059.7 8,943.6
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,109.3 1,457.6
Accounts payable 327.6 395.9
Commercial paper 50.0 340.0
Current maturities of long-term debt 12.6 12.2
Current portion of non-recourse debt 10.7 0.0
Accrued payroll and benefits 238.0 279.9
Other current liabilities 657.5 574.2
Total Current Liabilities 3,405.7 3,059.8
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,586.9 2,846.2
NON-RECOURSE DEBT, NET OF CURRENT PORTION 312.9 0.0
NONCURRENT OPERATING LEASE LIABILITIES 296.9 260.1
DEFERRED INCOME TAXES 76.5 78.2
OTHER LIABILITIES 333.0 322.3
COMMITMENTS AND CONTINGENCIES (Note 21)
SHAREHOLDERS' EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at December 31, 2022, and 86,562,149 shares issued at December 31, 2021, including shares held in treasury 0.6 0.8
Additional paid-in capital 3.1 3.2
Retained earnings 3,663.7 4,639.9
Treasury stock, at cost; 15,915,358 and 23,951,543 shares held, respectively (1,619.6) (2,266.9)
Total Shareholders' Equity 2,047.8 2,377.0
Total Liabilities and Shareholders' Equity 10,059.7 8,943.6
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 946.6 489.9
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,162.7 $ 967.7