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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 57.2 $ 47.9
Contracts-in-transit and vehicle receivables, net 369.2 278.5
Accounts and notes receivables, net 238.4 199.2
Inventories 1,963.4 1,356.6
Prepaid expenses 38.9 30.5
Other current assets 25.1 19.1
Current assets classified as held for sale 99.1 53.6
TOTAL CURRENT ASSETS 2,791.3 1,985.3
Property and equipment, net 2,248.7 2,128.2
Operating lease assets 216.5 249.1
Goodwill 1,651.9 1,661.8
Intangible franchise rights 701.2 516.3
Other long-term assets 164.6 176.8
TOTAL ASSETS 7,774.1 6,717.5 Close
CURRENT LIABILITIES:     Close
Floorplan notes payable — credit facility and other, net of offset account of $236.7 and $140.2, respectively 1,153.0 762.1 Close
Floorplan notes payable — manufacturer affiliates, net of offset account of $38.5 and $13.4, respectively 412.4 243.1 Close
Current maturities of long-term debt 109.4 130.3 Close
Current operating lease liabilities 20.9 21.8 Close
Accounts payable 499.3 488.0 Close
Accrued expenses and other current liabilities 303.4 271.5 Close
Current liabilities classified as held for sale 7.2 4.8 Close
TOTAL CURRENT LIABILITIES 2,505.7 1,921.4
Long-term debt 1,989.4 1,952.2 Close
Long-term operating lease liabilities 209.4 238.4 Close
Deferred income taxes 256.6 238.1 Close
Other long-term liabilities 138.6 129.8 Close
Commitments and Contingencies (Note 17) Close
STOCKHOLDERS’ EQUITY:    
Total Liabilities 5099.6 4480.1 0 0 0 Close
Preferred stock, $0.01 par value, 1,000,000 shares authorized; none issued or outstanding 0.0 0.0 Close
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,131,460 and 25,232,620 issued, respectively 0.3 0.3
Additional paid-in capital 349.1 338.7
Retained earnings 3,649.8 3,073.6
Accumulated other comprehensive income (loss) 28.1 22.5
Treasury stock, at cost; 11,447,422 and 10,940,298 shares, respectively (1,352.8) (1,197.5)
TOTAL STOCKHOLDERS’ EQUITY 2,674.4 2,237.5 Close
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,774.1 $ 6,717.5