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, 2022
Dec. 31, 2021
Dec. 31, 2020
Current Assets:      
Cash and cash equivalents $ 229,200 $ 299,400 $ 170,300
Receivables, net 462,400 401,100  
Inventories 1,216,800 1,261,200  
Other current assets 297,900 122,400  
Total current assets 2,206,300 2,084,100  
Property, Plant and Equipment, Net 1,561,700 1,458,800  
Goodwill 231,000 416,400 214,000
Intangible Assets, Net (Excluding Goodwill) 396,700 480,200  
ROU assets 260,700 293,200  
Finance Lease, Right-of-Use Asset 224,100 179,900  
Other Assets 97,800 62,500  
Total Assets 4,978,300 4,975,100  
Current Liabilities:      
Notes payable - floor plan - trade 114,900 89,800  
Notes payable - floor plan - non-trade 1,112,700 1,178,600  
Trade accounts payable 138,400 133,300  
Operating Lease, Liability, Current 36,400 36,200  
Finance Lease, Liability, Current 11,100 52,700  
Other accrued liabilities 352,400 350,500  
Current maturities of long-term debt 79,500 50,600  
Total current liabilities 1,845,400 1,891,700  
Long-Term Debt 1,672,200 1,510,700  
Other Long-Term Liabilities 105,500 96,000  
Operating Lease, Liability, Noncurrent 231,400 264,800  
Finance Lease, Liability, Noncurrent 228,600 135,500  
Commitments and Contingencies  
Stockholders’ Equity:      
Class A Convertible Preferred Stock, none issued 0 0  
Paid-in capital 819,400 790,200  
Retained Earnings (Accumulated Deficit) 1,100,300 1,051,700  
Accumulated other comprehensive income (loss) 1,600 (1,300)  
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 (1,026,900) (765,000)  
Total Stockholders’ Equity 895,200 1,076,400 814,800
Total Liabilities and Stockholders’ Equity 4,978,300 4,975,100  
Dividends, Common Stock 27,500   12,200
Contracts in transit included in receivables, net 216,800 143,000  
Manufacturer Receivables included in receivables, net 68,100 69,600  
Other Receivables included in receivables, net 177,500 188,500  
Retained Earnings      
Stockholders’ Equity:      
Total Stockholders’ Equity 1,100,300 1,051,700 $ 721,800
Class A common stock      
Stockholders’ Equity:      
Common stock, value $ 700 700  
Dividends, Common Stock   $ 14,200  
Dividends declared per common share $ 1.03 $ 0.46 $ 0.40
Class A common stock | Retained Earnings      
Stockholders’ Equity:      
Dividends, Common Stock $ 27,500 $ 14,200 $ 12,200
Class B common stock      
Stockholders’ Equity:      
Common stock, value 100 100  
Dividends, Common Stock $ 12,400 $ 4,800 $ 4,800
Dividends declared per common share $ 1.03 $ 0.46 $ 0.40
Class B common stock | Retained Earnings      
Stockholders’ Equity:      
Dividends, Common Stock $ 12,400 $ 4,800 $ 4,800