Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 6,352 $ 3,108
Receivables, net 482,126 430,242
Inventories 1,512,745 1,570,701
Other current assets 18,574 26,993
Total current assets 2,019,797 2,031,044
Property and Equipment, net 1,146,881 1,010,380
Goodwill 525,780 472,437
Other Intangible Assets, net 74,589 80,233
Other Assets 51,471 45,242
Total Assets 3,818,518 3,639,336
Current Liabilities:    
Notes payable - floor plan - trade 804,238 850,537
Notes payable - floor plan - non-trade 709,098 675,353
Trade accounts payable 129,903 117,740
Accrued interest 12,316 13,265
Other accrued liabilities 237,963 236,982
Current maturities of long-term debt 61,314 43,003
Total current liabilities 1,954,832 1,936,880
Long-Term Debt 963,389 839,675
Other Long-Term Liabilities 61,918 61,170
Deferred Income Taxes 51,619 76,447
Commitments and Contingencies
Stockholders’ Equity:    
Class A convertible preferred stock, none issued
Paid-in capital 732,854 721,695
Retained earnings 625,356 541,146
Accumulated other comprehensive income (loss) 1,307 (2,262)
Treasury stock, at cost; 32,290,493 Class A common stock shares held at December 31, 2017 and 30,263,196 Class A common stock shares held at December 31, 2016 (573,513) (536,166)
Total Stockholders’ Equity 786,760 725,164
Total Liabilities and Stockholders’ Equity 3,818,518 3,639,336
Common Class A [Member]    
Stockholders’ Equity:    
Common stock, value 635 630
Common Class B [Member]    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121