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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 60.3 $ 60.8
Receivables, net 880.0 1,040.4
Inventory 3,002.7 3,033.4
Other current assets 298.9 172.3
Total Current Assets 4,241.9 4,306.9
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $48.1 million and $46.3 million, respectively 517.9 402.4
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.1 billion and $2.1 billion, respectively 3,774.0 3,791.6
OPERATING LEASE ASSETS 416.3 392.1
GOODWILL 1,454.7 1,465.8
OTHER INTANGIBLE ASSETS, NET 925.6 927.8
OTHER ASSETS 710.9 693.4
Total Assets 12,041.3 11,980.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,270.9 3,382.4
Accounts payable 346.7 344.7
Commercial paper 285.0 440.0
Current maturities of long-term debt 462.7 462.4
Current portion of non-recourse debt 10.9 8.8
Other current liabilities 1,008.1 944.2
Total Current Liabilities 5,384.3 5,582.5
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,126.1 3,127.9
NON-RECOURSE DEBT, NET OF CURRENT PORTION 334.3 249.6
NONCURRENT OPERATING LEASE LIABILITIES 383.5 363.2
DEFERRED INCOME TAXES 86.3 85.0
OTHER LIABILITIES 367.0 360.4
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at March 31, 2024, and December 31, 2023, including shares held in treasury 0.6 0.6
Additional paid-in capital 2.0 22.4
Retained earnings 4,829.7 4,643.0
Treasury stock, at cost; 21,938,716 and 21,917,635 shares held, respectively (2,472.5) (2,454.6)
Total Shareholders’ Equity 2,359.8 2,211.4
Total Liabilities and Shareholders’ Equity 12,041.3 11,980.0
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,774.0 1,760.0
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,496.9 $ 1,622.4