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, 2024
Dec. 31, 2023
Dec. 31, 2022
Current Assets:      
Cash and cash equivalents $ 44,000 $ 28,900 $ 229,200
Receivables, net 495,900 528,100  
Inventories 1,957,700 1,578,300  
Other current assets 387,900 385,100  
Total current assets 2,885,500 2,520,400  
Property, Plant and Equipment, Net 1,606,900 1,601,000  
Goodwill 358,500 253,800 231,000
Intangible Assets, Net (Excluding Goodwill) 430,300 417,400  
ROU assets 224,300 222,600  
Finance Lease, Right-of-Use Asset 317,200 236,600  
Other Assets 73,000 112,800  
Total Assets 5,895,700 5,364,600  
Current Liabilities:      
Notes payable - floor plan - trade 165,600 152,100  
Notes payable - floor plan - non-trade 1,773,700 1,520,600  
Trade accounts payable 172,000 149,800  
Operating Lease, Liability, Current 25,600 29,900  
Finance Lease, Liability, Current 11,900 10,200  
Other accrued liabilities 412,800 370,200  
Current maturities of long-term debt 76,100 60,100  
Total current liabilities 2,637,700 2,292,900  
Long-Term Debt 1,511,900 1,616,500  
Other Long-Term Liabilities 119,700 89,600  
Operating Lease, Liability, Noncurrent 220,100 219,200  
Finance Lease, Liability, Noncurrent 344,000 254,500  
Commitments and Contingencies  
Stockholders’ Equity:      
Class A Convertible Preferred Stock, none issued 0 0  
Paid-in capital 884,600 855,400  
Retained Earnings (Accumulated Deficit) 1,412,000 1,238,600  
Accumulated other comprehensive income (loss) 3,800 1,600  
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 (1,238,900) (1,204,500)  
Total Stockholders’ Equity 1,062,300 891,900 895,200
Total Liabilities and Stockholders’ Equity 5,895,700 5,364,600  
Dividends, Common Stock 27,600   27,500
Contracts in transit included in receivables, net 246,500 275,600  
Manufacturer Receivables included in receivables, net 130,400 105,300  
Other Receivables included in receivables, net 119,000 147,200  
Retained Earnings      
Stockholders’ Equity:      
Total Stockholders’ Equity 1,412,000 1,238,600 $ 1,100,300
Class A common stock      
Stockholders’ Equity:      
Common stock, value $ 700 700  
Dividends, Common Stock   $ 26,000  
Dividends declared per common share $ 1.25 $ 1.16 $ 1.03
Class A common stock | Retained Earnings      
Stockholders’ Equity:      
Dividends, Common Stock $ 27,600 $ 26,000 $ 27,500
Class A common stock | Treasury Stock, Common      
Stockholders’ Equity:      
Total Stockholders’ Equity (1,238,900) (1,204,500) (1,026,900)
Class B common stock      
Stockholders’ Equity:      
Common stock, value 100 100  
Dividends, Common Stock $ 15,000 $ 13,900 $ 12,400
Dividends declared per common share $ 1.25 $ 1.16 $ 1.03
Class B common stock | Retained Earnings      
Stockholders’ Equity:      
Dividends, Common Stock $ 15,000 $ 13,900 $ 12,400