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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 190.1 $ 288.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations 0.0 (0.9)
Depreciation and amortization 58.3 52.8
Amortization of debt issuance costs and accretion of debt discounts 2.3 2.5
Stock-based compensation expense 14.1 15.1
Provision for credit losses on auto loans receivable 10.2 12.8
Deferred income tax provision 1.3 2.8
Gain on corporate-owned life insurance asset (7.3) (4.7)
Other 1.1 1.5
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 160.4 119.5
Auto loans receivable, net (149.5) (20.4)
Inventory (26.1) (147.5)
Other assets (11.9) (8.2)
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade 36.0 142.0
Accounts payable 2.2 12.6
Other liabilities 13.3 41.7
Net cash provided by continuing operations 294.5 510.3
Net cash used in discontinued operations 0.0 (0.3)
Net cash provided by operating activities 294.5 510.0 Close
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (93.7) (95.3)
Cash used in business acquisitions, net of cash acquired 0.0 (191.0)
Originations of auto loans receivable acquired through third-party dealers 0.0 (55.3)
Collections on auto loans receivable acquired through third-party dealers 23.9 39.3
Other 0.5 (3.6)
Net cash used in continuing operations (69.3) (305.9)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (69.3) (305.9) Close
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (38.7) (315.7)
Net proceeds from (payments of) commercial paper (155.0) 235.0
Proceeds from non-recourse debt 214.0 39.3
Payments of non-recourse debt (127.7) (80.5)
Net payments of vehicle floorplan payable - non-trade (93.5) (67.3)
Payments of other debt obligations (3.2) (3.1)
Proceeds from the exercise of stock options 0.1 1.3
Payments of tax withholdings for stock-based awards (17.1) (25.1)
Net cash used in continuing operations (221.1) (216.1)
Net cash used in discontinued operations 0.0 0.0
Net cash used in financing activities (221.1) (216.1) Close
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 4.1 (12.0) Close
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 77.0 95.4
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period $ 81.1 $ 83.4