v3.26.1
Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
NET INCOME $ 387.5 $ 261.9
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 126.5 125.7
Amortization of debt issuance costs and accretion of debt discounts 5.6 4.0
Stock-based compensation expense 26.0 25.6
Provision for credit losses on auto loans receivable 39.6 39.4
Deferred income tax provision (benefit) 30.0 (16.3)
Goodwill impairment 0.0 65.3
Franchise rights impairment 0.0 71.7
Non-cash impairment charges 9.3 5.6
(Gain) loss on equity investments (54.0) 9.8
Gain on corporate-owned life insurance asset (14.0) (8.5)
Other (5.1) (3.9)
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 114.1 198.1
Auto loans receivable, net (493.6) (695.0)
Inventory (259.2) (65.6)
Other assets (10.0) 39.5
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade 47.6 (155.9)
Accounts payable (35.2) (39.1)
Other liabilities 36.0 (92.6)
Net cash used in operating activities (48.9) (230.3)
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (126.0) (154.2)
Cash received from business divestitures, net of cash relinquished 17.4 0.0
Cash paid for business acquisitions, net of cash acquired (316.5) (69.6)
Collections on auto loans receivable acquired through third-party dealers 5.2 10.4
Investments in equity securities (11.7) 0.0
Other 3.7 2.9
Net cash used in investing activities (427.9) (210.5)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (469.7) (253.8)
Proceeds from 5.89% Senior Notes due 2035 0.0 500.0
Net proceeds from (payments of) commercial paper 435.0 (500.0)
Proceeds from non-recourse debt 2,141.7 1,331.9
Payments of non-recourse debt (1,664.9) (690.1)
Payment of debt issuance costs (5.5) (9.2)
Net proceeds from vehicle floorplan payable - non-trade 120.5 83.1
Payments of other debt obligations (9.9) (7.7)
Payments of tax withholdings for stock-based awards (23.8) (19.9)
Proceeds from the exercise of stock options 0.0 0.5
Net cash provided by financing activities 523.4 434.8
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 46.6 (6.0)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 85.8 103.4
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period $ 132.4 $ 97.4