Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 22

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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8. RECEIVABLES, NET AND CONTRACT ASSETS 

The Company’s receivables, net and contract assets consisted of the following (in millions): June 30, 2025December 31, 2024Contracts-in-transit and vehicle receivables, net:Contracts-in-transit$244.4 $250.3 Vehicle receivables107.5 110.6 Total contracts-in-transit and vehicle receivables351.9 360.9 Less: allowance for doubtful accounts 0.6 0.8 Total contracts-in-transit and vehicle receivables, net$351.3 $360.1 Accounts and notes receivable, net:Manufacturer receivables$161.4 $177.4 Parts and service receivables 84.6 80.6 F&I receivables36.7 39.7 Other18.5 11.7 Total accounts and notes receivable301.2 309.5 Less: allowance for doubtful accounts 5.6 6.4 Total accounts and notes receivable, net $295.6 $303.0 Within Other current assets and Other long-term assets:Total contract assets (1)$65.3 $59.0 

(1) No allowance for doubtful accounts was recorded for contract assets as of June 30, 2025 or December 31, 2024. 

9. DEBT 

Long-term debt consisted of the following (in millions):June 30, 2025December 31, 20244.00% Senior Notes due August 15, 2028$750.0 $750.0 6.375% Senior Notes due January 15, 2030500.0 500.0 Acquisition Line410.0 95.0 Other Debt:Real estate related1,218.1 1,253.9 Finance leases 333.1 311.4 Other19.6 19.0 Total other debt1,570.8 1,584.3 Total debt3,230.8 2,929.3 Less: unamortized debt issuance costs15.016.1Less: current maturities159.3175.3Total long-term debt$3,056.5 $2,737.9 Acquisition Line The proceeds of the Acquisition Line (