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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 561.2 $ 738.4
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations (0.9) 0.2
Depreciation and amortization 107.4 98.8
Amortization of debt issuance costs and accretion of debt discounts 4.8 3.0
Stock-based compensation expense 23.4 21.2
Provision for credit losses on auto loans receivable 22.7 0.0
Deferred income tax provision 2.8 3.5
Net gain related to business/property dispositions (1.1) (1.0)
Non-cash impairment charges 2.2 1.0
Loss on equity investments 1.3 0.1
Loss (gain) on corporate-owned life insurance asset (9.1) 20.8
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 20.7 24.3
Inventory (485.8) (63.5)
Other assets (102.5) (0.9)
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade 265.2 71.8
Accounts payable 53.4 (20.8)
Other liabilities 41.6 (1.7)
Net cash provided by continuing operations 507.3 895.2
Net cash used in discontinued operations (0.3) (0.2)
Net cash provided by operating activities 507.0 895.0
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (199.0) (160.3)
Proceeds from the sale of property and equipment 1.8 0.0
Proceeds from the disposal of assets held for sale 2.5 18.0
Cash used in business acquisitions, net of cash acquired (268.9) 0.0
Originations of auto loans receivable acquired through third-party dealers (91.8) 0.0
Collections on auto loans receivable acquired through third-party dealers 76.7 0.0
Other (8.8) (6.2)
Net cash used in continuing operations (487.5) (148.5)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (487.5) (148.5)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (523.2) (784.5)
Proceeds from 3.85% Senior Notes due 2032 0.0 698.8
Net proceeds from (payments of) commercial paper 415.0 (340.0)
Proceeds from non-recourse debt 63.9 0.0
Payments of non-recourse debt (126.9) 0.0
Payment of debt issuance costs 0.0 (6.6)
Net proceeds from (payments of) vehicle floorplan payable - non-trade 171.4 (5.5)
Payments of other debt obligations (6.2) (5.9)
Proceeds from the exercise of stock options 1.5 2.6
Payments of tax withholdings for stock-based awards (25.1) (29.4)
Net cash used in continuing operations (29.6) (470.5)
Net cash used in discontinued operations 0.0 0.0
Net cash used in financing activities (29.6) (470.5)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (10.1) 276.0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 95.4 60.6
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period $ 85.3 $ 336.6