Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 299,400 $ 170,300
Receivables, net 401,100 371,700
Inventories 1,261,200 1,247,300
Other current assets 122,400 93,300
Total current assets 2,084,100 1,882,600
Property, Plant and Equipment, Net 1,458,800 1,120,500
Goodwill 416,400 214,000
Intangible Assets, Net (Excluding Goodwill) 480,200 64,300
ROU assets 293,200 330,300
Finance Lease, Right-of-Use Asset 179,900 60,100
Other Assets 62,500 74,200
Total Assets 4,975,100 3,746,000
Current Liabilities:    
Notes payable - floor plan - trade 89,800 585,200
Notes payable - floor plan - non-trade 1,178,600 739,000
Trade accounts payable 133,300 105,100
Operating Lease, Liability, Current 36,200 42,300
Finance Lease, Liability, Current 52,700 3,500
Other accrued liabilities 350,500 288,100
Current maturities of long-term debt 50,600 68,200
Total current liabilities 1,891,700 1,831,400
Long-Term Debt 1,510,700 651,800
Other Long-Term Liabilities 96,000 89,100
Operating Lease, Liability, Noncurrent 264,800 296,600
Finance Lease, Liability, Noncurrent 135,500 62,300
Commitments and Contingencies
Stockholders’ Equity:    
Class A Convertible Preferred Stock, none issued 0 0
Paid-in capital 790,200 767,500
Retained Earnings (Accumulated Deficit) 1,051,700 721,800
Accumulated other comprehensive income (loss) (1,300) (3,600)
Treasury stock, at cost; 33,476,159 Class A common stock shares held at December 31, 2018 and 32,290,493 Class A common stock shares held at December 31, 2017 (765,000) (671,700)
Total Stockholders’ Equity 1,076,400 814,800
Total Liabilities and Stockholders’ Equity 4,975,100 3,746,000
Dividends, Common Stock 14,200  
Contracts in transit included in receivables, net 143,000 179,700
Manufacturer Receivables included in receivables, net 59,900 72,100
Other Receivables included in receivables, net 198,200 119,900
Retained Earnings    
Stockholders’ Equity:    
Total Stockholders’ Equity 1,051,700 721,800
Class A common stock    
Stockholders’ Equity:    
Common stock, value 700 700
Dividends, Common Stock   12,200
Class A common stock | Retained Earnings    
Stockholders’ Equity:    
Dividends, Common Stock 14,200 12,200
Class B common stock    
Stockholders’ Equity:    
Common stock, value 100 100
Dividends, Common Stock 4,800 4,800
Class B common stock | Retained Earnings    
Stockholders’ Equity:    
Dividends, Common Stock $ 4,800 $ 4,800