Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 18

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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Total contracts-in-transit and vehicle receivables434.4 360.9 Less: allowance for doubtful accounts 0.7 0.8 Total contracts-in-transit and vehicle receivables, net$433.7 $360.1 Accounts and notes receivable, net:Manufacturer receivables$189.4 $177.4 Parts and service receivables 84.3 80.6 F&I receivables39.4 39.7 Other8.6 11.7 Total accounts and notes receivable321.8 309.5 Less: allowance for doubtful accounts 5.1 6.4 Total accounts and notes receivable, net $316.7 $303.0 Within Other current assets and Other long-term assets:Total contract assets (1)$63.9 $59.0 

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

16

Table of Contents            GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

9. DEBT   

Long-term debt consisted of the following (in millions):March 31, 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 Line40.0 95.0 Other Debt:Real estate related1,227.0 1,253.9 Finance leases 296.0 311.4 Other6.2 19.0 Total other debt1,529.2 1,584.3 Total debt2,819.2 2,929.3 Less: unamortized debt issuance costs15.816.1Less: current maturities142.3175.3Total long-term debt$2,661.1 $2,737.9 Acquisition Line The proceeds of the Acquisition Line (as defined in Note 10. Floorplan Notes Payable) are used for working capital, general corporate and acquisition purposes. As of March 31, 2025, borrowings under the Acquisition Line,