v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 53.3 $ 58.6
Receivables, net 834.3 948.4
Inventory 3,738.1 3,404.9
Other current assets 220.7 235.8
Total Current Assets 4,846.4 4,647.7
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $109.8 million and $95.4 million, respectively 2,589.1 2,140.2
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.6 billion and $2.5 billion, respectively 4,035.9 3,956.2
OPERATING LEASE ASSETS 450.4 456.4
GOODWILL 1,422.8 1,409.3
OTHER INTANGIBLE ASSETS, NET 1,248.1 1,028.9
OTHER ASSETS 891.5 753.5
Total Assets 15,484.2 14,392.2
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 4,058.9 3,828.3
Accounts payable 339.0 369.9
Commercial paper 635.0 200.0
Other current liabilities 1,006.3 1,003.9
Total Current Liabilities 6,197.4 5,540.6
NONCURRENT OPERATING LEASE LIABILITIES 427.9 431.8
DEFERRED INCOME TAXES 120.7 94.1
OTHER LIABILITIES 427.8 399.0
COMMITMENTS AND CONTINGENCIES (Note 16)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at June 30, 2026, and December 31, 2025, including shares held in treasury 0.6 0.6
Additional paid-in capital 15.7 32.0
Retained earnings 6,353.1 5,976.1
Treasury stock, at cost; 30,434,120 and 28,362,366 shares held, respectively (4,110.3) (3,667.6)
Total Shareholders’ Equity 2,259.1 2,341.1
Total Liabilities and Shareholders’ Equity 15,484.2 14,392.2
Non-recourse    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current portion of non-recourse debt 83.3 63.8
NON-RECOURSE DEBT, NET OF CURRENT PORTION 2,333.9 1,880.8
Recourse    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Current maturities of long-term debt 74.9 74.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,717.4 3,704.8
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,254.1 2,200.6
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,804.8 $ 1,627.7