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Segment Information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment Information 9. Segment Information
As of June 30, 2022, Sonic had two operating segments: (1) retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle maintenance, warranty and repair services, and arrange finance and insurance products (the “Franchised Dealerships Segment”); and (2) pre-owned vehicle specialty retail locations that provide guests an opportunity to search our nationwide inventory, purchase a pre-owned vehicle, select finance and insurance products and sell their current vehicle to us (the “EchoPark Segment”). Sonic has determined that its operating segments also represent its reportable segments.
The reportable segments identified above are the business activities of Sonic for which discrete financial information is available and for which operating results are regularly reviewed by Sonic’s chief operating decision maker to assess operating performance and allocate resources. Sonic’s chief operating decision maker is a group of three individuals consisting of: (1) the Company’s Chief Executive Officer; (2) the Company’s President; and (3) the Company’s Chief Financial Officer.

Reportable segment financial information for the three and six months ended June 30, 2022 and 2021 were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Revenues:
Franchised Dealerships Segment revenues:
Retail new vehicles$1,341.7 $1,452.3 $2,687.4 $2,586.3 
Fleet new vehicles166.5 9.7 315.0 32.0 
Total new vehicles$1,508.2 $1,462.0 $3,002.4 $2,618.3 
Used vehicles871.9 761.5 1,725.7 1,423.1 
Wholesale vehicles79.2 63.0 185.5 119.1 
Parts, service and collision repair398.1 346.1 778.7 654.2 
Finance, insurance and other, net129.8 124.0 256.2 221.6 
Franchised Dealerships Segment revenues$2,987.2 $2,756.6 $5,948.5 $5,036.3 
EchoPark Segment revenues:
Retail new vehicles$2.5 $0.9 $8.2 $0.9 
Used vehicles577.5 519.71,094.5 961.0 
Wholesale vehicles42.2 21.8 104.7 40.5 
Finance, insurance and other, net43.4 53.2 83.5 100.3 
EchoPark Segment revenues$665.6 $595.6 $1,290.9 $1,102.7 
Total consolidated revenues$3,652.8 $3,352.2 $7,239.4 $6,139.0 
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Income (Loss) (1):
Franchised Dealerships Segment$162.1 $165.4 $326.0 $236.0 
EchoPark Segment(34.9)(14.4)(69.9)(12.4)
Income from continuing operations before taxes$127.2 $151.0 $256.1 $223.6 
(1)Segment income (loss) for each segment is defined as income (loss) from continuing operations before taxes and impairment charges.

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Depreciation and Amortization:
Franchised Dealerships Segment$25.3 $20.6 $50.1 $41.0 
EchoPark Segment5.9 4.2 11.0 7.4 
Total depreciation and amortization$31.2 $24.8 $61.1 $48.4 

Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Floor Plan Interest Expense:
Franchised Dealerships Segment$3.9 $3.2 $7.2 $7.3 
EchoPark Segment2.2 1.1 3.9 2.1 
Total floor plan interest expense$6.1 $4.3 $11.1 $9.4 
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Interest Expense, Other, Net:
Franchised Dealerships Segment$20.2 $9.7 $40.3 $19.7 
EchoPark Segment1.1 0.4 1.8 0.7 
Total interest expense, other, net$21.3 $10.1 $42.1 $20.4 
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
(In millions)
Capital Expenditures:
Franchised Dealerships Segment$21.9 $25.5 $52.0 $71.7 
EchoPark Segment19.7 11.9 48.4 33.4 
Total capital expenditures$41.6 $37.4 $100.4 $105.1 
June 30, 2022December 31, 2021
(In millions)
Assets:
Franchised Dealerships Segment$4,031.9 $3,934.9 
EchoPark Segment664.5 740.6 
Corporate and other:
Cash and cash equivalents327.1 299.4 
Other corporate assets— 0.2 
Total assets$5,023.5 $4,975.1