Segment Information

3 Months Ended

Mar. 31, 2020

SEGMENT INFORMATION

At March 31, 2020 and 2019, we had three reportable segments: (1) Domestic, (2) Import, and (3) Premium Luxury. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and FCA US. Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Subaru, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, and Jaguar Land Rover. The franchises in each

segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products.

Corporate and other is comprised of our other businesses, including collision centers, auction operations, AutoNation USA stand-alone used vehicle sales and service centers, and parts distribution centers, all of which generate revenues but do not meet the quantitative thresholds for determining reportable segments, as well as unallocated corporate overhead expenses and retrospective commissions for certain finance and insurance transactions that we arrange under agreements with third parties.

The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer.

The following table provides information on revenues from external customers and segment income of our reportable segments.



	Three Months Ended						Three Months Ended
	March 31, 2020						March 31, 2019
	Domestic		Import		Premium Luxury		Domestic		Import		Premium Luxury
Revenues from external customers	$	1,483.5	$	1,362.1	$	1,616.8	$	1,568.8	$	1,496.1	$	1,734.1
Segment income ⁽¹⁾	$	54.1	$	65.9	$	80.2	$	56.2	$	72.6	$	84.3

⁽¹⁾ Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.

The following is a reconciliation of total segment income for reportable segments to our consolidated income (loss) from continuing operations before income taxes.



	Three Months Ended
	March 31,
	2020			2019
Total segment income for reportable segments	$	200.2		$	213.1
Corporate and other	(445.0		)	(61.3		)
Other interest expense	(23.5		)	(27.8		)
Interest income	0.1			0.2
Other income (loss), net	(3.0		)	1.9
Income (loss) from continuing operations before income taxes	$	(271.2	)	$	126.1