Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables)

12 Months Ended

Dec. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet [Table Text Block]

CONDENSED CONSOLIDATED BALANCE SHEET

December 31, 2017

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elimination			Total Company
	(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	10,096		$	18,691	$	—		$	28,787
Contracts-in-transit and vehicle receivables, net	—			266,788			39,645		—			306,433
Accounts and notes receivable, net	—			144,872			43,739		—			188,611
Intercompany accounts receivable	26,988			12,948			—		(39,936		)	—
Inventories, net	—			1,434,852			328,441		—			1,763,293
Prepaid expenses and other current assets	1,934			8,378			31,750		—			42,062
Total current assets	28,922			1,877,934			462,266		(39,936		)	2,329,186
PROPERTY AND EQUIPMENT, net	—			1,121,108			197,851		—			1,318,959
GOODWILL	—			835,268			77,766		—			913,034
INTANGIBLE FRANCHISE RIGHTS	—			255,980			29,652		—			285,632
INVESTMENT IN SUBSIDIARIES	2,999,407			—			—		(2,999,407		)	—
OTHER ASSETS	—			13,682			10,572		—			24,254
Total assets	$	3,028,329		$	4,103,972		$	778,107	$	(3,039,343	)	$	4,871,065
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other	$	—		$	1,219,844		$	20,851	$	—		$	1,240,695
Offset account related to floorplan notes payable - credit facility	—			(86,547		)	—		—			(86,547		)
Floorplan notes payable — manufacturer affiliates	—			272,563			124,620		—			397,183
Offset account related to floorplan notes payable - manufacturer affiliates	—			(22,500		)	—		—			(22,500		)
Current maturities of long-term debt and short-term financing	24,741			31,229			21,639		—			77,609
Current liabilities from interest rate risk management activities	—			1,996			—		—			1,996
Accounts payable	—			229,470			183,511		—			412,981
Intercompany accounts payable	890,995			—			39,936		(930,931		)	—
Accrued expenses	—			150,241			26,829		—			177,070
Total current liabilities	915,736			1,796,296			417,386		(930,931		)	2,198,487
LONG-TERM DEBT, net of current maturities	865,202			360,526			92,456		—			1,318,184
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	—			8,583			—		—			8,583
DEFERRED INCOME TAXES AND OTHER LIABILITIES	(117		)	210,216			11,430		—			221,529
STOCKHOLDERS’ EQUITY:
Group 1 stockholders’ equity	1,247,508			2,619,346			256,835		(2,999,407		)	1,124,282
Intercompany note receivable	—			(890,995		)	—		890,995			—
Total stockholders’ equity	1,247,508			1,728,351			256,835		(2,108,412		)	1,124,282
Total liabilities and stockholders’ equity	$	3,028,329		$	4,103,972		$	778,107	$	(3,039,343	)	$	4,871,065

CONDENSED CONSOLIDATED BALANCE SHEET

December 31, 2016

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Elimination			Total Company
	(In thousands)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	—		$	8,039		$	12,953	$	—		$	20,992
Contracts-in-transit and vehicle receivables, net	—			241,097			28,411		—			269,508
Accounts and notes receivable, net	—			140,985			32,379		—			173,364
Intercompany accounts receivable	—			8,929			—		(8,929		)	—
Inventories, net	—			1,386,871			264,944		—			1,651,815
Prepaid expenses and other current assets	516			7,188			27,204		—			34,908
Total current assets	516			1,793,109			365,891		(8,929		)	2,150,587
PROPERTY AND EQUIPMENT, net	—			990,084			135,799		—			1,125,883
GOODWILL	—			805,935			70,828		—			876,763
INTANGIBLE FRANCHISE RIGHTS	—			260,534			24,342		—			284,876
INVESTMENT IN SUBSIDIARIES	2,787,328			—			—		(2,787,328		)	—
OTHER ASSETS	—			19,313			4,481		—			23,794
Total assets	$	2,787,844		$	3,868,975		$	601,341	$	(2,796,257	)	$	4,461,903
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other	$	—		$	1,131,718		$	4,936	$	—		$	1,136,654
Offset account related to floorplan notes payable - credit facility	—			(59,626		)	—		—			(59,626		)
Floorplan notes payable — manufacturer affiliates	—			281,747			110,914		—			392,661
Offset account related to floorplan notes payable - manufacturer affiliates	—			(25,500		)	—		—			(25,500		)
Current maturities of long-term debt and short-term financing	—			44,659			27,760		—			72,419
Current liabilities from interest rate risk management activities	—			3,941			—		—			3,941
Accounts payable	—			211,050			145,049		—			356,099
Intercompany accounts payable	875,662			—			8,929		(884,591		)	—
Accrued expenses	—			156,648			19,821		—			176,469
Total current liabilities	875,662			1,744,637			317,409		(884,591		)	2,053,117
LONG-TERM DEBT, net of current maturities	836,056			324,540			52,213		—			1,212,809
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES	—			20,470			—		—			20,470
DEFERRED INCOME TAXES AND OTHER LIABILITIES	(1,020		)	240,348			5,979		—			245,307
STOCKHOLDERS’ EQUITY:
Group 1 stockholders’ equity	1,077,146			2,414,642			225,740		(2,787,328		)	930,200
Intercompany note receivable	—			(875,662		)	—		875,662			—
Total stockholders’ equity	1,077,146			1,538,980			225,740		(1,911,666		)	930,200
Total liabilities and stockholders’ equity	$	2,787,844		$	3,868,975		$	601,341	$	(2,796,257	)	$	4,461,903

Condensed Income Statement [Table Text Block]

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Year Ended December 31, 2017

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination			Total Company
	(In thousands)
REVENUES:	$	—		$	8,680,565		$	2,443,156		$	—		$	11,123,721
COST OF SALES:	—			7,315,252			2,162,960			—			9,478,212
GROSS PROFIT	—			1,365,313			280,196			—			1,645,509
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	3,381			974,413			248,401			—			1,226,195
DEPRECIATION AND AMORTIZATION EXPENSE	—			48,284			9,652			—			57,936
ASSET IMPAIRMENTS	—			12,762			6,744			—			19,506
INCOME (LOSS) FROM OPERATIONS	(3,381		)	329,854			15,399			—			341,872
OTHER EXPENSE:
Floorplan interest expense	—			(47,222		)	(5,150		)	—			(52,372		)
Other interest income (expense), net	—			(66,490		)	(4,007		)	—			(70,497		)
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES	(3,381		)	216,142			6,242			—			219,003
BENEFIT (PROVISION) FOR INCOME TAXES	1,268			(6,947		)	118			—			(5,561		)
EQUITY IN EARNINGS OF SUBSIDIARIES	215,556			—			—			(215,556		)	—
NET INCOME (LOSS)	$	213,443		$	209,195		$	6,360		$	(215,556	)	$	213,442
COMPREHENSIVE INCOME	—			8,657			15,061			—			23,718
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$	213,443		$	217,852		$	21,421		$	(215,556	)	$	237,160

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

Year Ended December 31, 2016

	Group 1 Automotive, Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination			Total Company
	(In thousands)
REVENUES:	$	—		$	8,734,673		$	2,152,939		$	—		$	10,887,612
COST OF SALES:	—			7,379,323			1,913,220			—			9,292,543
GROSS PROFIT	—			1,355,350			239,719			—			1,595,069
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	2,722			954,495			213,546			—			1,170,763
DEPRECIATION AND AMORTIZATION EXPENSE	—			43,472			7,762			—			51,234
ASSET IMPAIRMENTS	—			21,794			11,044			—			32,838
INCOME (LOSS) FROM OPERATIONS	(2,722		)	335,589			7,367			—			340,234
OTHER EXPENSE:
Floorplan interest expense	—			(40,444		)	(4,483		)	—			(44,927		)
Other interest expense, net	—			(64,870		)	(3,066		)	—			(67,936		)
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES	(2,722		)	230,275			(182		)	—			227,371
BENEFIT (PROVISION) FOR INCOME TAXES	1,020			(83,560		)	2,234			—			(80,306		)
EQUITY IN EARNINGS OF SUBSIDIARIES	148,767			—			—			(148,767		)	—
NET INCOME (LOSS)	$	147,065		$	146,715		$	2,052		$	(148,767	)	$	147,065
COMPREHENSIVE INCOME (LOSS)				10,121			(19,081		)				(8,960		)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT	$	147,065		$	156,836		$	(17,029	)	$	(148,767	)	$	138,105

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
INCOME (LOSS) FROM OPERATIONS	(3,024		)	328,560			(47,198		)	—			278,338
OTHER EXPENSE:
Floorplan interest expense	—			(36,063		)	(3,201		)	—			(39,264		)
Other interest income (expense), net	2,320			(52,276		)	(6,947		)	—			(56,903		)
INCOME (LOSS) 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 Cash Flow Statement [Table Text Block]

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended December 31, 2017

	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	$	214,595		$	(13,759	)	$	(1,911	)	$	198,925
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	—			(62,474		)	(46,607		)	(109,081		)
Proceeds from disposition of franchises, property and equipment	—			8,345			2,363			10,708
Purchases of property and equipment, including real estate	—			(185,342		)	(30,490		)	(215,832		)
Other	—			1,607			—			1,607
Net cash used in investing activities	—			(237,864		)	(74,734		)	(312,598		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - floorplan line and other	—			7,019,070			—			7,019,070
Repayments on credit facility - floorplan line and other	—			(6,957,866		)	—			(6,957,866		)
Borrowings on credit facility - acquisition line	68,086			—			—			68,086
Repayments on credit facility - acquisition line	(42,278		)	—			—			(42,278		)
Borrowings on other debt	25,054			19			140,629			165,702
Principal payments on other debt	(313		)	(718		)	(120,168		)	(121,199		)
Borrowings on debt related to real estate	—			46,419			28,890			75,309
Principal payments on debt related to real estate	—			(22,931		)	(6,460		)	(29,391		)
Employee stock purchase plan purchases, net of employee tax withholdings	4,603			—			—			4,603
Repurchases of common stock, amounts based on settlement date	(40,094		)	—			—			(40,094		)
Dividends paid	(20,466		)	—			—			(20,466		)
Borrowings (repayments) with subsidiaries	2,892			(32,719		)	29,827			—
Investment in subsidiaries	(212,079		)	202,406			9,673			—
Net cash (used in) provided by financing activities	(214,595		)	253,680			82,391			121,476
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(8		)	(8		)
NET INCREASE IN CASH AND CASH EQUIVALENTS	—			2,057			5,738			7,795
CASH AND CASH EQUIVALENTS, beginning of period	—			8,039			12,953			20,992
CASH AND CASH EQUIVALENTS, end of period	$	—		$	10,096		$	18,691		$	28,787

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

Year Ended December 31, 2016

	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	$	147,065		$	238,552		$	(760	)	$	384,857
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid in acquisitions, net of cash received	—			—			(57,327		)	(57,327		)
Proceeds from disposition of franchises, property and equipment	—			35,317			1,526			36,843
Purchases of property and equipment, including real estate	—			(138,263		)	(18,258		)	(156,521		)
Other	—			2,748			217			2,965
Net cash used in investing activities	—			(100,198		)	(73,842		)	(174,040		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings on credit facility - floorplan line and other	—			6,597,406			—			6,597,406
Repayments on credit facility - floorplan line and other	—			(6,676,161		)	—			(6,676,161		)
Borrowings on credit facility - acquisition line	220,020			—			—			220,020
Repayment on credit facility - acquisition line	(220,020		)	—			—			(220,020		)
Debt issue costs	(2,997		)	(516		)	—			(3,513		)
Borrowings on other debt	—			—			49,972			49,972
Principal payments on other debt	—			(923		)	(45,005		)	(45,928		)
Borrowings on debt related to real estate	—			42,654			—			42,654
Principal payments on debt related to real estate loans	—			(20,309		)	(5,154		)	(25,463		)
Issuance of common stock to benefit plans, net	3,868			—			—			3,868
Repurchases of common stock, amounts based on settlement date	(127,606		)	—			—			(127,606		)
Tax effect from stock-based compensation	(249		)	—			—			(249		)
Dividends paid	(19,987		)	—			—			(19,987		)
Borrowings (repayments) with subsidiaries	399,151			(406,888		)	7,737			—
Investment in subsidiaries	(399,245		)	328,084			71,161			—
Net cash (used in) provided by financing activities	(147,065		)	(136,653		)	78,711			(205,007		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			2,145			2,145
NET DECREASE IN CASH AND CASH EQUIVALENTS	—			1,701			6,254			7,955
CASH AND CASH EQUIVALENTS, beginning of period	—			6,338			6,699			13,037
CASH AND CASH EQUIVALENTS, end of period	$	—		$	8,039		$	12,953		$	20,992

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 (used in) provided by 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		)
Net borrowings of 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		)
Principal payments on debt related to real estate loans	—			(68,234		)	(3,845		)	(72,079		)
Borrowings on debt related to real estate	—			9,596			22,430			32,026
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			—
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 INCREASE (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