Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 5,700 $ 6,300
Receivables, net 415,400 469,000
Inventories 2,123,600 2,012,900
Other current assets 419,600 344,300
Total current assets 2,964,300 2,832,500
Property and Equipment, net 1,545,800 1,562,900
Goodwill 418,800 421,800
Other Intangible Assets, net 436,900 454,100
Right-of-use asset 268,900 279,100
Finance Lease, Right-of-Use Asset, after Accumulated Amortization 360,700 328,400
Other Assets 122,200 91,900
Total Assets 6,117,600 5,970,700
Current Liabilities:    
Notes payable - floor plan - trade 193,400 184,600
Notes payable - floor plan - non-trade 1,806,200 1,748,100
Trade accounts payable 165,300 151,000
Operating Lease, Liability, Current 31,000 33,500
Finance Lease, Liability, Current 55,400 19,200
Other accrued liabilities 431,100 409,100
Current maturities of long-term debt 192,500 52,400
Total current liabilities 2,874,900 2,597,900
Long-Term Debt 1,535,100 1,563,000
Other Long-Term Liabilities 111,200 114,400
Operating Lease, Liability, Noncurrent 257,200 268,300
Finance Lease, Liability, Noncurrent 357,900 359,000
Commitments and Contingencies
Stockholders' Equity:    
Class A convertible preferred stock, none issued 0 0
Paid-in capital 908,500 908,200
Retained Earnings (Accumulated Deficit) 1,529,400 1,481,100
Accumulated other comprehensive income (loss) (400) (700)
Treasury stock, at cost; 33,476,159 Class A common stock shares held at September 30, 2018 and 32,290,493 Class A common stock shares held at December 31, 2017 (1,457,000) (1,321,300)
Total Stockholders' Equity 981,300 1,068,100
Total Liabilities and Stockholders' Equity 6,117,600 5,970,700
Class A Common Stock    
Stockholders' Equity:    
Common stock, value $ 700 $ 700
Treasury Stock, Common, Shares 50,737,305 48,588,384
Class B common stock    
Stockholders' Equity:    
Common stock, value $ 100 $ 100