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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUE:      
New vehicle $ 3,652.5 $ 3,230.6 $ 2,952.2
Used vehicle 1,931.7 1,741.5 1,564.2
Parts and service 740.7 666.6 611.6
Finance and insurance, net 263.4 229.0 206.9
TOTAL REVENUE 6,588.3 5,867.7 5,334.9
COST OF SALES:      
New vehicle 3,449.5 3,032.3 2,770.9
Used vehicle 1,799.9 1,613.8 1,444.1
Parts and service 278.1 254.4 243.9
TOTAL COST OF SALES 5,527.5 4,900.5 4,458.9
GROSS PROFIT 1,060.8 967.2 876.0
OPERATING EXPENSES:      
Selling, general, and administrative 729.9 671.6 617.8
Depreciation and amortization 29.5 26.4 24.3
Other operating (income) expense, net (0.2) 1.0 7.8
INCOME FROM OPERATIONS 301.6 268.2 226.1
OTHER (INCOME) EXPENSES:      
Floor plan interest expense 16.1 12.4 12.5
Other interest expense, net 44.0 38.9 39.0
Swap interest expense 3.0 2.0 2.5
Loss on extinguishment of long-term debt, net 0.0 31.9 6.8
Gain on divestitures (34.9) 0.0 0.0
Total other expenses, net 28.2 85.2 60.8
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 273.4 183.0 165.3
Income tax expense 104.0 71.0 64.2
INCOME FROM CONTINUING OPERATIONS 169.4 112.0 101.1
Discontinued operations, net of tax (0.2) (0.4) 8.0
NET INCOME $ 169.2 $ 111.6 $ 109.1
Basic—      
Continuing operations (in dollars per share) $ 6.44 $ 3.75 $ 3.29
Discontinued operations (in dollars per share) (0.01) (0.02) 0.26
Net income (in dollars per share) 6.43 3.73 3.55
Diluted—      
Continuing operations (in dollars per share) 6.42 3.72 3.25
Discontinued operations (in dollars per share) (0.01) (0.01) 0.26
Net income (in dollars per share) $ 6.41 $ 3.71 $ 3.51
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:      
Basic (in shares) 26.3 29.9 30.7
Restricted stock (in shares) 0.0 0.1 0.2
Performance share units (in shares) 0.1 0.1 0.2
Diluted (in shares) 26.4 30.1 31.1