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, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 29,103 $ 5,854
Receivables, net 432,742 438,186
Inventories 1,517,875 1,528,461
Other current assets 37,890 20,886
Total current assets 2,017,610 1,993,387
Property, Plant and Equipment, Net 1,097,247 1,178,489
Goodwill 475,791 509,592
Intangible Assets, Net (Excluding Goodwill) 64,300 69,705
ROU assets 337,842 0
Finance Lease, Right-of-Use Asset 34,691 0
Other Assets 43,554 45,634
Total Assets 4,071,035 3,796,807
Current Liabilities:    
Notes payable - floor plan - trade 860,871 821,074
Notes payable - floor plan - non-trade 678,223 712,966
Trade accounts payable 135,217 114,263
Operating Lease, Liability, Current 43,332 0
Finance Lease, Liability, Current 1,564 0
Accrued interest 10,830 13,417
Other accrued liabilities 266,211 257,823
Current maturities of long-term debt 69,908 26,304
Total current liabilities 2,066,156 1,945,847
Long-Term Debt 636,978 918,779
Other Long-Term Liabilities 73,746 75,887
Operating Lease, Liability, Noncurrent 304,151 0
Finance Lease, Liability, Noncurrent 36,313 0
Deferred Income Taxes 8,927 33,178
Commitments and Contingencies
Stockholders’ Equity:    
Class A Convertible Preferred Stock, none issued 0 0
Paid-in capital 755,904 745,052
Retained earnings 790,158 670,691
Accumulated other comprehensive income (loss) (2,062) 4,233
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 (600,004) (597,623)
Total Stockholders’ Equity 944,764 823,116
Total Liabilities and Stockholders’ Equity 4,071,035 3,796,807
Dividends, Common Stock 12,430  
Finance Lease, Right-of-Use Asset 34,691 0
Retained Earnings    
Stockholders’ Equity:    
Total Stockholders’ Equity 790,158 670,691
Class A common stock    
Stockholders’ Equity:    
Common stock, value 647 642
Dividends, Common Stock   7,346
Class A common stock | Retained Earnings    
Stockholders’ Equity:    
Dividends, Common Stock 12,430 7,346
Class B common stock    
Stockholders’ Equity:    
Common stock, value 121 121
Dividends, Common Stock 4,812 2,887
Class B common stock | Retained Earnings    
Stockholders’ Equity:    
Dividends, Common Stock $ 4,812 $ 2,887