XML 22 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Total revenues $ 3,332.4 $ 3,092.0 $ 9,403.8 $ 8,848.2
Cost of sales:        
Total cost of sales 2,821.5 2,625.8 7,948.6 7,513.1
Gross profit 510.9 466.2 1,455.2 1,335.1
Asset impairments 0.0 0.0 0.5 0.0
Selling, general and administrative 343.2 309.0 1,021.5 939.9
Depreciation and amortization 20.9 19.6 60.9 55.3
Operating income 146.8 137.6 372.3 339.9
Floor plan interest expense (17.9) (16.0) (55.5) (45.1)
Other interest expense, net (14.8) (15.0) (45.0) (40.7)
Other income, net 3.3 2.4 8.9 5.4
Income before income taxes 117.4 109.0 280.7 259.5
Income tax provision (32.2) (15.9) (77.2) (53.7)
Net income $ 85.2 $ 93.1 $ 203.5 $ 205.8
Basic net income per share (in dollars per share) $ 3.67 $ 3.85 $ 8.77 $ 8.34
Shares used in basic per share calculations (in shares) 23.2 24.2 23.2 24.7
Diluted net income per share (in dollars per share) $ 3.64 $ 3.84 $ 8.72 $ 8.31
Shares used in diluted per share calculations (in shares) 23.4 24.3 23.3 24.8
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.30 $ 0.29 $ 0.89 $ 0.85
New vehicle        
Revenues:        
Total revenues $ 1,824.8 $ 1,733.0 $ 4,993.3 $ 4,914.5
Cost of sales:        
Total cost of sales 1,724.8 1,632.1 4,711.9 4,625.2
Used vehicle retail        
Revenues:        
Total revenues 916.3 805.9 2,632.4 2,325.6
Cost of sales:        
Total cost of sales 816.6 719.6 2,355.0 2,078.5
Used vehicle wholesale        
Revenues:        
Total revenues 74.4 92.0 233.5 253.2
Cost of sales:        
Total cost of sales 73.3 90.6 229.7 249.0
Finance and insurance        
Revenues:        
Total revenues 136.3 121.1 382.7 342.1
Service, body and parts        
Revenues:        
Total revenues 340.5 311.3 993.3 908.4
Cost of sales:        
Total cost of sales 169.0 156.9 492.2 461.9
Fleet and other        
Revenues:        
Total revenues 40.1 28.7 168.6 104.4
Cost of sales:        
Total cost of sales $ 37.8 $ 26.6 $ 159.8 $ 98.5