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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
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,959.8 3,382.4
Accounts payable 338.9 344.7
Commercial paper 425.0 440.0
Current maturities of long-term debt 463.1 462.4
Current portion of non-recourse debt 16.8 8.8
Other current liabilities 1,013.5 944.2
Total Current Liabilities 6,217.1 5,582.5
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,123.5 3,127.9
NON-RECOURSE DEBT, NET OF CURRENT PORTION 471.5 249.6
NONCURRENT OPERATING LEASE LIABILITIES 373.3 363.2
DEFERRED INCOME TAXES 90.3 85.0
OTHER LIABILITIES 369.7 360.4
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
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
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
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