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Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
Net income $ 320.3 $ 561.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations 0.0 (0.9)
Depreciation and amortization 118.2 107.4
Amortization of debt issuance costs and accretion of debt discounts 4.6 4.8
Stock-based compensation expense 21.7 23.4
Provision for credit losses on auto loans receivable 17.9 22.7
Deferred income tax provision 5.3 2.8
Gain on corporate-owned life insurance asset (7.7) (9.1)
Other 3.7 2.4
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 185.8 20.7
Auto loans receivable, net (370.6) (50.1)
Inventory (611.3) (485.8)
Other assets 10.1 (52.4)
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade 559.3 265.2
Accounts payable (8.7) 53.4
Other liabilities (13.7) 41.6
Net cash provided by continuing operations 234.9 507.3
Net cash used in discontinued operations 0.0 (0.3)
Net cash provided by operating activities 234.9 507.0 Close
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (181.2) (199.0)
Cash paid for business acquisitions, net of cash acquired 0.0 (268.9)
Originations of auto loans receivable acquired through third-party dealers 0.0 (91.8)
Collections on auto loans receivable acquired through third-party dealers 45.6 76.7
Other (0.8) (4.5)
Net cash used in continuing operations (136.4) (487.5)
Net cash used in discontinued operations 0.0 0.0
Net cash used in investing activities (136.4) (487.5) Close
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (350.0) (523.2)
Net proceeds from (payments of) commercial paper (15.0) 415.0
Proceeds from non-recourse debt 623.0 63.9
Payments of non-recourse debt (393.9) (126.9)
Payment of debt issuance costs (1.1) 0.0
Net proceeds from vehicle floorplan payable - non-trade 94.8 171.4
Payments of other debt obligations (6.5) (6.2)
Proceeds from the exercise of stock options 0.3 1.5
Payments of tax withholdings for stock-based awards (17.3) (25.1)
Net cash used in continuing operations (65.7) (29.6)
Net cash used in discontinued operations 0.0 0.0
Net cash used in financing activities (65.7) (29.6) Close
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 32.8 (10.1) 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 $ 109.8 $ 85.3