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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 85.9 $ 60.8
Receivables, net 854.6 1,040.4
Inventory 3,553.9 3,033.4
Other current assets 357.0 172.3
Total Current Assets 4,851.4 4,306.9
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $48.2 million and $46.3 million, respectively 709.4 402.4
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.2 billion and $2.1 billion, respectively 3,780.7 3,791.6
OPERATING LEASE ASSETS 404.9 392.1
GOODWILL 1,449.4 1,465.8
OTHER INTANGIBLE ASSETS, NET 924.3 927.8
OTHER ASSETS 708.5 693.4
Total Assets 12,828.6 11,980.0 CloseClose
LIABILITIES AND SHAREHOLDERS’ EQUITY     Close
Vehicle floorplan payable 3,959.8 3,382.4 Close
Accounts payable 338.9 344.7 Close
Commercial paper 425.0 440.0 Close
Current maturities of long-term debt 463.1 462.4 Close
Current portion of non-recourse debt 16.8 8.8 Close
Other current liabilities 1,013.5 944.2 Close
Total Current Liabilities 6,217.1 5,582.5
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,123.5 3,127.9 Close
NON-RECOURSE DEBT, NET OF CURRENT PORTION 471.5 249.6 Close
NONCURRENT OPERATING LEASE LIABILITIES 373.3 363.2 Close
DEFERRED INCOME TAXES 90.3 85.0 Close
OTHER LIABILITIES 369.7 360.4 Close
COMMITMENTS AND CONTINGENCIES (Note 14) Close
SHAREHOLDERS’ EQUITY:    
Total Liabilities 10645.4 9768.6 0 0 0 Close
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at June 30, 2024, and December 31, 2023, including shares held in treasury 0.6 0.6 Close
Additional paid-in capital 8.8 22.4
Retained earnings 4,959.9 4,643.0
Treasury stock, at cost; 23,882,966 and 21,917,635 shares held, respectively (2,786.1) (2,454.6)
Total Shareholders’ Equity 2,183.2 2,211.4 CloseClose
Total Liabilities and Shareholders’ Equity 12,828.6 11,980.0
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,272.9 1,760.0
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,686.9 $ 1,622.4