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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 63.7 $ 72.6
Receivables, net 842.3 858.8
Inventory 2,572.5 2,048.3
Other current assets 161.3 158.3
Total Current Assets 3,639.8 3,138.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $63.1 million and $57.5 million, respectively 345.5 303.1
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.0 billion and $1.9 billion, respectively 3,713.4 3,607.2
OPERATING LEASE ASSETS 369.7 323.5
GOODWILL 1,460.7 [1] 1,320.1
OTHER INTANGIBLE ASSETS, NET 936.2 837.0
OTHER ASSETS 614.2 530.8
Total Assets 11,079.5 10,059.7 Close
LIABILITIES AND SHAREHOLDERS’ EQUITY     Close
Total Liabilities 0.0 0.0 0.0 0 0 Close
Vehicle floorplan payable 2,581.5 2,109.3 Close
Accounts payable 390.8 327.6
Commercial paper 465.0 50.0
Current maturities of long-term debt 12.8 12.6
Current portion of non-recourse debt 10.5 10.7
Accrued payroll and benefits 257.3 238.0
Other current liabilities 689.1 657.5
Total Current Liabilities 4,407.0 3,405.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,582.5 3,586.9
NON-RECOURSE DEBT, NET OF CURRENT PORTION 251.7 312.9
NONCURRENT OPERATING LEASE LIABILITIES 339.8 296.9
DEFERRED INCOME TAXES 58.1 76.5
OTHER LIABILITIES 348.6 333.0
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 June 30, 2023, and December 31, 2022, including shares held in treasury 0.6 0.6
Additional paid-in capital 11.0 3.1
Retained earnings 4,183.1 3,663.7
Treasury stock, at cost; 19,515,239 and 15,915,358 shares held, respectively (2,102.9) (1,619.6)
Total Shareholders’ Equity 2,091.8 2,047.8 Close
Total Liabilities and Shareholders’ Equity 11,079.5 10,059.7
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,211.7 946.6
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,369.8 $ 1,162.7
[1] (1) The change in goodwill from the prior period is primarily due to the acquisition of the mobile repair and maintenance business we acquired in January 2023. Such goodwill is reflected in our Mobile Service reporting unit.