Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATED BALANCE SHEET

December 31, 2015

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elimination			Total Company
	(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	6,338		$	6,699	$	—		$	13,037
Contracts-in-transit and vehicle receivables, net	—			233,275			19,163		—			252,438
Accounts and notes receivable, net	—			132,078			25,690		—			157,768
Intercompany accounts receivable	—			1,192			—		(1,192		)	—
Inventories, net	—			1,533,166			204,585		—			1,737,751
Deferred income taxes	264			13,845			—		—			14,109
Prepaid expenses and other current assets	5,586			9,117			13,149		—			27,852
Total current assets	5,850			1,929,011			269,286		(1,192		)	2,202,955
PROPERTY AND EQUIPMENT, net	—			916,338			117,643		—			1,033,981
GOODWILL	—			809,775			45,140		—			854,915
INTANGIBLE FRANCHISE RIGHTS	—			285,659			21,929		—			307,588
INVESTMENT IN SUBSIDIARIES	2,388,081			—			—		(2,388,081		)	—
OTHER ASSETS	—			9,321			6,169		—			15,490
Total assets	$	2,393,931		$	3,950,104		$	460,167	$	(2,389,273	)	$	4,414,929
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other	$	—		$	1,261,606		$	4,113	$	—		$	1,265,719
Offset account related to floorplan notes payable - credit facility	—			(110,759		)	—		—			(110,759		)
Floorplan notes payable — manufacturer affiliates	—			303,810			85,261		—			389,071
Offset account related to floorplan notes payable - manufacturer affiliates	—			(25,500		)	—		—			(25,500		)
Current maturities of long-term debt and short-term financing	—			47,186			8,007		—			55,193
Accounts payable	—			178,544			101,879		—			280,423
Intercompany accounts payable	500,171			—			1,192		(501,363		)	—
Accrued expenses	—			167,509			17,814		—			185,323
Total current liabilities	500,171			1,822,396			218,266		(501,363		)	2,039,470
LONG-TERM DEBT, net of current maturities	837,526			300,997			64,913		—			1,203,436
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	—			31,153			—		—			31,153
DEFERRED INCOME TAXES AND OTHER LIABILITIES	(1		)	217,669			4,950		—			222,618
STOCKHOLDERS’ EQUITY:
Group 1 stockholders’ equity	1,056,235			2,078,060			172,038		(2,388,081		)	918,252
Intercompany note receivable	—			(500,171		)	—		500,171			—
Total stockholders’ equity	1,056,235			1,577,889			172,038		(1,887,910		)	918,252
Total liabilities and stockholders’ equity	$	2,393,931		$	3,950,104		$	460,167	$	(2,389,273	)	$	4,414,929

CONDENSED CONSOLIDATED BALANCE SHEET

December 31, 2014

	Group 1 Automotive, Inc.		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elimination			Total Company
	(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—	$	25,379		$	15,596	$	—		$	40,975
Contracts-in-transit and vehicle receivables, net	—		218,361			19,087		—			237,448
Accounts and notes receivable, net	—		117,427			33,903		—			151,330
Intercompany accounts receivable	—		276,217			—		(276,217		)	—
Inventories, net	—		1,342,022			214,683		—			1,556,705
Deferred income taxes	196		10,866			—		—			11,062
Prepaid expenses and other current assets	590		22,039			15,070		—			37,699
Total current assets	786		2,012,311			298,339		(276,217		)	2,035,219
PROPERTY AND EQUIPMENT, net	—		839,063			111,325		—			950,388
GOODWILL	—		700,642			129,735		—			830,377
INTANGIBLE FRANCHISE RIGHTS	—		257,502			46,445		—			303,947
INVESTMENT IN SUBSIDIARIES	1,964,442		—			—		(1,964,442		)	—
OTHER ASSETS	—		10,120			11,441		—			21,561
Total assets	$	1,965,228	$	3,819,638		$	597,285	$	(2,240,659	)	$	4,141,492
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other	$	—	$	1,137,743		$	5,503	$	—		$	1,143,246
Offset account related to floorplan notes payable - credit facility	—		(39,616		)	—		—			(39,616		)
Floorplan notes payable — manufacturer affiliates	—		207,329			100,327		—			307,656
Offset account related to floorplan notes payable - manufacturer affiliates	—		(22,500		)	—		—			(22,500		)
Current maturities of long-term debt and short-term financing	—		61,185			11,445		—			72,630
Accounts payable	—		176,143			112,177		—			288,320
Intercompany accounts payable	295,421		—			276,217		(571,638		)	—
Accrued expenses	—		149,700			22,763		—			172,463
Total current liabilities	295,421		1,669,984			528,432		(571,638		)	1,922,199
LONG-TERM DEBT, net of current maturities	609,812		347,202			51,823		—			1,008,837
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	—		25,311			—		—			25,311
DEFERRED INCOME TAXES AND OTHER LIABILITIES	—		193,077			14,058		—			207,135
STOCKHOLDERS’ EQUITY:											—
Group 1 stockholders’ equity	1,059,995		1,879,485			2,972		(1,964,442		)	978,010
Intercompany note receivable	—		(295,421		)	—		295,421			—
Total stockholders’ equity	1,059,995		1,584,064			2,972		(1,669,021		)	978,010
Total liabilities and stockholders’ equity	$	1,965,228	$	3,819,638		$	597,285	$	(2,240,659	)	$	4,141,492

Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Year Ended December 31, 2015

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination			Total Company
	(In thousands)
REVENUES:	$	—		$	8,893,990		$	1,738,515		$	—		$	10,632,505
COST OF SALES:	—			7,555,043			1,543,490			—			9,098,533
GROSS PROFIT	—			1,338,947			195,025			—			1,533,972
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	3,024			950,268			167,541			—			1,120,833
DEPRECIATION AND AMORTIZATION EXPENSE	—			41,220			6,019			—			47,239
ASSET IMPAIRMENTS	—			18,899			68,663			—			87,562
(LOSS) INCOME FROM OPERATIONS	(3,024		)	328,560			(47,198		)	—			278,338
OTHER EXPENSE:
Floorplan interest expense	—			(36,063		)	(3,201		)	—			(39,264		)
Other interest expense, net	2,320			(52,276		)	(6,947		)	—			(56,903		)
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES	(704		)	240,221			(57,346		)	—			182,171
BENEFIT (PROVISION) FOR INCOME TAXES	264			(89,698		)	1,262			—			(88,172		)
EQUITY IN EARNINGS OF SUBSIDIARIES	94,439			—			—			(94,439		)	—
NET INCOME (LOSS)	$	93,999		$	150,523		$	(56,084	)	$	(94,439	)	$	93,999
COMPREHENSIVE LOSS	—			(1,543		)	(54,457		)	—			(56,000		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$	93,999		$	148,980		$	(110,541	)	$	(94,439	)	$	37,999

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Year Ended December 31, 2014

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination			Total Company
	(In thousands)
REVENUES:	$	—		$	8,175,242		$	1,762,647		$	—		$	9,937,889
COST OF SALES:	—			6,929,334			1,560,617			—			8,489,951
GROSS PROFIT	—			1,245,908			202,030			—			1,447,938
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	2,796			883,442			175,726			—			1,061,964
DEPRECIATION AND AMORTIZATION EXPENSE	—			36,701			5,643			—			42,344
ASSET IMPAIRMENTS	—			15,571			25,949			—			41,520
(LOSS) INCOME FROM OPERATIONS	(2,796		)	310,194			(5,288		)	—			302,110
OTHER EXPENSE:
Floorplan interest expense	—			(34,061		)	(7,553		)	—			(41,614		)
Other interest expense, net	2,272			(46,517		)	(5,448		)	—			(49,693		)
Loss on extinguishment of long-term debt	—			(46,403		)	—			—			(46,403		)
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES	(524		)	183,213			(18,289		)	—			164,400
BENEFIT (PROVISION) FOR INCOME TAXES	196			(77,911		)	6,319			—			(71,396		)
EQUITY IN EARNINGS OF SUBSIDIARIES	93,332			—			—			(93,332		)	—
NET INCOME (LOSS)	$	93,004		$	105,302		$	(11,970	)	$	(93,332	)	93,004
COMPREHENSIVE LOSS	—			(4,059		)	(26,248		)	—			(30,307		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$	93,004		$	101,243		$	(38,218	)	$	(93,332	)	62,697

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Year Ended December 31, 2013

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination			Total Company
	(In thousands)
REVENUES:	$	—		$	7,353,340		$	1,565,241		$	—		$	8,918,581
COST OF SALES:	—			6,236,925			1,389,110			—			7,626,035
GROSS PROFIT	—			1,116,415			176,131			—			1,292,546
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	7,922			817,907			151,027			—			976,856
DEPRECIATION AND AMORTIZATION EXPENSE	—			31,670			4,156			—			35,826
ASSET IMPAIRMENTS	—			6,542			—			—			6,542
(LOSS) INCOME FROM OPERATIONS	(7,922		)	260,296			20,948			—			273,322
OTHER EXPENSE:
Floorplan interest expense	—			(33,789		)	(7,878		)	—			(41,667		)
Other interest expense, net	1,846			(37,982		)	(2,835		)	—			(38,971		)
Other expense, net	—			—			(789		)	—			(789		)
(LOSS) INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES	(6,076		)	188,525			9,446			—			191,895
BENEFIT (PROVISION) FOR INCOME TAXES	2,277			(73,092		)	(7,088		)	—			(77,903		)
EQUITY IN EARNINGS OF SUBSIDIARIES	117,791			—			—			(117,791		)	—
NET INCOME (LOSS)	$	113,992		$	115,433		$	2,358		$	(117,791	)	113,992
COMPREHENSIVE INCOME (LOSS)	—			13,081			(31,701		)	—			(18,620		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$	113,992		$	128,514		$	(29,343	)	$	(117,791	)	$	95,372

Condensed Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended December 31, 2015

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Company
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	93,999		$	49,710		$	(2,662	)	$	141,047
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	—			(212,252		)	—			(212,252		)
Proceeds from disposition of franchises, property and equipment	—			40,833			748			41,581
Purchases of property and equipment, including real estate	—			(97,009		)	(23,243		)	(120,252		)
Other	—			6,421			—			6,421
Net cash used in investing activities	—			(262,007		)	(22,495		)	(284,502		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - floorplan line and other	—			7,557,237			—			7,557,237
Repayments on credit facility - floorplan line and other	—			(7,504,516		)	—			(7,504,516		)
Borrowings on credit facility - acquisition line	489,548			—			—			489,548
Repayment on credit facility - acquisition line	(557,696		)	—			—			(557,696		)
Principal payments on real estate credit facility	—			(3,340		)	—			(3,340		)
Net borrowings on 5.25% Senior Unsecured Notes	296,250			—			—			296,250
Debt issue costs	—			(788		)	—			(788		)
Borrowings on other debt	—			451			59,404			59,855
Principal payments on other debt	—			(1,386		)	(62,383		)	(63,769		)
Borrowings on debt related to real estate	—			9,596			22,430			32,026
Principal payments on debt related to real estate loans	—			(64,894		)	(3,845		)	(68,739		)
Issuance of common stock to benefit plans, net	214			—			—			214
Repurchases of common stock, amounts based on settlement date	(97,473		)	—			—			(97,473		)
Tax effect from stock-based compensation	—			2,142			—			2,142
Dividends paid	(19,942		)	—			—			(19,942		)
Borrowings (repayments) with subsidiaries	220,281			(211,236		)	(9,045		)	—
Investment in subsidiaries	(425,181		)	409,990			15,191			—
Distributions to parent	—			—			—			—
Net cash (used in) provided by financing activities	(93,999		)	193,256			21,752			121,009
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(5,492		)	(5,492		)
NET DECREASE IN CASH AND CASH EQUIVALENTS	—			(19,041		)	(8,897		)	(27,938		)
CASH AND CASH EQUIVALENTS, beginning of period	—			25,379			15,596			40,975
CASH AND CASH EQUIVALENTS, end of period	$	—		$	6,338		$	6,699		$	13,037

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended December 31, 2014

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Company
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(327	)	$	235,236		$	(36,621	)	$	198,288
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	—			(306,364		)	(30,187		)	(336,551		)
Proceeds from disposition of franchises, property and equipment	—			141,147			3,450			144,597
Purchases of property and equipment, including real estate	—			(140,407		)	(9,985		)	(150,392		)
Other	—			(4,705		)	—			(4,705		)
Net cash used in investing activities	—			(310,329		)	(36,722		)	(347,051		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - floorplan line and other	—			7,832,014			—			7,832,014
Repayments on credit facility - floorplan line and other	—			(7,802,719		)	—			(7,802,719		)
Borrowings on credit facility - acquisition line	389,368			—			—			389,368
Repayment on credit facility - acquisition line	(379,681		)	—			—			(379,681		)
Borrowings on real estate credit facility	—			200			—			200
Principal payments on real estate credit facility	—			(9,917		)	—			(9,917		)
Net borrowings on 5.00% Senior Unsecured Notes	539,600			—			—			539,600
Debt issue costs	(1,881		)	—			—			(1,881		)
Repurchase of 3.00% Convertible Notes	(260,074		)	—			—			(260,074		)
Proceeds from Call/Warrant Unwind related to 3.00% Convertible Notes	32,697			—			—			32,697
Conversion and redemption of 2.25% Convertible Notes	(182,756		)	—			—			(182,756		)
Borrowings on other debt	—			—			91,137			91,137
Principal payments on other debt	—			—			(85,905		)	(85,905		)
Borrowings on debt related to real estate	—			86,522			25,457			111,979
Principal payments on debt related to real estate loans	—			(33,143		)	(16,890		)	(50,033		)
Issuance of common stock to benefit plans, net	(321		)	—			—			(321		)
Repurchases of common stock, amounts based on settlement date	(36,802		)	—			—			(36,802		)
Tax effect from stock-based compensation	—			1,841			—			1,841
Dividends paid	(17,097		)	—			—			(17,097		)
Borrowings (repayments) with subsidiaries	78,199			(141,824		)	63,625			—
Investment in subsidiaries	(160,925		)	161,073			(148		)	—
Distributions to parent	—			2,119			(2,119		)	—
Net cash provided by financing activities	327			96,166			75,157			171,650
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(2,127		)	(2,127		)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	—			21,073			(313		)	20,760
CASH AND CASH EQUIVALENTS, beginning of period	—			4,306			15,909			20,215
CASH AND CASH EQUIVALENTS, end of period	$	—		$	25,379		$	15,596		$	40,975

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended December 31, 2013

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Total Company
	(In thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(3,797	)	$	47,525		$	8,644		$	52,372
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	—			(131,654		)	(138,206		)	(269,860		)
Proceeds from disposition of franchises, property and equipment	—			102,069			117			102,186
Purchases of property and equipment, including real estate	—			(73,615		)	(29,243		)	(102,858		)
Other	—			1,878			—			1,878
Net cash used in investing activities	—			(101,322		)	(167,332		)	(268,654		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - floorplan line and other	—			6,379,328			—			6,379,328
Repayments on credit facility - floorplan line and other	—			(6,153,677		)	—			(6,153,677		)
Borrowings on credit facility - acquisition line	60,000			—			—			60,000
Borrowings on real estate credit facility	—			19,640			—			19,640
Principal payments on real estate credit facility	—			(8,597		)	—			(8,597		)
Borrowings of other debt	—			—			10,289			10,289
Principal payments of other debt	—			—			(71,170		)	(71,170		)
Principal payments of long-term debt related to real estate loans	—			(21,038		)	(15,940		)	(36,978		)
Borrowings of debt related to real estate	—			27,925			27,420			55,345
Issuance of common stock to benefit plans, net	(1,822		)	—			—			(1,822		)
Repurchases of common stock, amounts based on settlement date	(3,553		)	—			—			(3,553		)
Tax effect from stock-based compensation	—			2,993			—			2,993
Dividends paid	(15,805		)	—			—			(15,805		)
Borrowings (repayments) with subsidiaries	50,651			(278,850		)	228,199			—
Investment in subsidiaries	(85,674		)	86,038			(364		)	—
Distributions to parent	—			—			—			—
Net cash provided by financing activities	3,797			53,762			178,434			235,993
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(4,146		)	(4,146		)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	—			(35		)	15,600			15,565
CASH AND CASH EQUIVALENTS, beginning of period	—			4,341			309			4,650
CASH AND CASH EQUIVALENTS, end of period	$	—		$	4,306		$	15,909		$	20,215