Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 5,854 $ 6,352
Receivables, net 438,186 482,126
Inventories 1,528,461 1,512,745
Other current assets 20,886 18,574
Total current assets 1,993,387 2,019,797
Property and Equipment, net 1,178,489 1,146,881
Goodwill 509,592 525,780
Other Intangible Assets, net 69,705 74,589
Other Assets 45,634 51,471
Total Assets 3,796,807 3,818,518
Current Liabilities:    
Notes payable - floor plan - trade 821,074 804,238
Notes payable - floor plan - non-trade 712,966 709,098
Trade accounts payable 114,263 129,903
Accrued interest 13,417 12,316
Other accrued liabilities 257,823 237,963
Current maturities of long-term debt 26,304 61,314
Total current liabilities 1,945,847 1,954,832
Long-Term Debt 918,779 963,389
Other Long-Term Liabilities 75,887 61,918
Deferred Income Taxes 33,178 51,619
Commitments and Contingencies
Stockholders’ Equity:    
Class A Convertible Preferred Stock, none issued 0 0
Paid-in capital 745,052 732,854
Retained earnings 670,691 625,356
Accumulated other comprehensive income (loss) 4,233 1,307
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 (597,623) (573,513)
Total Stockholders’ Equity 823,116 786,760
Total Liabilities and Stockholders’ Equity 3,796,807 3,818,518
Class A common stock    
Stockholders’ Equity:    
Common stock, value 642 635
Class B common stock    
Stockholders’ Equity:    
Common stock, value $ 121 $ 121