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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 60.8 $ 72.6
Receivables, net of allowance for credit losses of $2.1 million and $1.7 million, respectively 1,040.4 858.8
Inventory 3,033.4 2,048.3
Other current assets 172.3 158.3
Total Current Assets 4,306.9 3,138.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $46.3 million and $57.5 million, respectively 402.4 303.1
PROPERTY AND EQUIPMENT, NET 3,791.6 3,607.2
OPERATING LEASE ASSETS 392.1 323.5
GOODWILL 1,465.8 1,320.1
OTHER INTANGIBLE ASSETS, NET 927.8 837.0
OTHER ASSETS 693.4 530.8
Total Assets 11,980.0 10,059.7
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,382.4 2,109.3
Accounts payable 344.7 327.6
Commercial paper 440.0 50.0
Current maturities of long-term debt 462.4 12.6
Current portion of non-recourse debt 8.8 10.7
Accrued payroll and benefits 239.0 238.0
Other current liabilities 705.2 657.5
Total Current Liabilities 5,582.5 3,405.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,127.9 3,586.9
NON-RECOURSE DEBT, NET OF CURRENT PORTION 249.6 312.9
NONCURRENT OPERATING LEASE LIABILITIES 363.2 296.9
DEFERRED INCOME TAXES 85.0 76.5
OTHER LIABILITIES 360.4 333.0
COMMITMENTS AND CONTINGENCIES (Note 20)
SHAREHOLDERS' EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at December 31, 2023, and 63,562,149 shares issued at December 31, 2022, including shares held in treasury 0.6 0.6
Additional paid-in capital 22.4 3.1
Retained earnings 4,643.0 3,663.7
Treasury stock, at cost; 21,917,635 and 15,915,358 shares held, respectively (2,454.6) (1,619.6)
Total Shareholders’ Equity 2,211.4 2,047.8
Total Liabilities and Shareholders’ Equity 11,980.0 10,059.7
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 1,760.0 946.6
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,622.4 $ 1,162.7