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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 3,620.2 $ 3,332.4 $ 9,182.5 $ 9,403.8
Cost of sales:        
Total cost of sales 2,968.6 2,821.5 7,605.6 7,948.6
Gross profit 651.6 510.9 1,576.9 1,455.2
Asset impairments 0.0 0.0 7.9 0.5
Selling, general and administrative 389.1 343.2 1,039.6 1,021.5
Depreciation and amortization 22.9 20.9 67.3 60.9
Operating income 239.6 146.8 462.1 372.3
Floor plan interest expense (6.1) (17.9) (28.3) (55.5)
Other interest expense, net (16.6) (14.8) (50.4) (45.0)
Other income, net 2.2 3.3 8.2 8.9
Income before income taxes 219.1 117.4 391.6 280.7
Income tax provision (60.3) (32.2) (108.9) (77.2)
Net income $ 158.8 $ 85.2 $ 282.7 $ 203.5
Basic net income per share (in dollars per share) $ 6.95 $ 3.67 $ 12.30 $ 8.77
Shares used in basic per share calculations (in shares) 22.9 23.2 23.0 23.2
Diluted net income per share (in dollars per share) $ 6.86 $ 3.64 $ 12.18 $ 8.72
Shares used in diluted per share calculations (in shares) 23.1 23.4 23.2 23.3
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.31 $ 0.30 $ 0.91 $ 0.89
New vehicle retail        
Revenues:        
Total revenues $ 1,883.3 $ 1,824.8 $ 4,624.6 $ 4,993.3
Cost of sales:        
Total cost of sales 1,743.2 1,724.8 4,314.2 4,711.9
Used vehicle retail        
Revenues:        
Total revenues 1,093.2 916.3 2,889.7 2,632.4
Cost of sales:        
Total cost of sales 948.4 816.6 2,556.8 2,355.0
Used vehicle wholesale        
Revenues:        
Total revenues 98.8 74.4 216.8 233.5
Cost of sales:        
Total cost of sales 91.2 73.3 206.5 229.7
Finance and insurance        
Revenues:        
Total revenues 160.5 136.3 407.2 382.7
Service, body and parts        
Revenues:        
Total revenues 359.5 340.5 964.9 993.3
Cost of sales:        
Total cost of sales 163.6 169.0 456.5 492.2
Fleet and other        
Revenues:        
Total revenues 24.9 40.1 79.3 168.6
Cost of sales:        
Total cost of sales $ 22.2 $ 37.8 $ 71.6 $ 159.8