Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. The tables also include a reconciliation of the disaggregated revenue to reportable segment revenue.


	Year Ended December 31, 2023
	Domestic		Import		Premium Luxury		Corporate and other(1)		Total
Major Goods/Service Lines
New vehicle	$	3,525.0	$	3,996.0	$	5,246.4	$	—	$	12,767.4
Used vehicle	2,428.4		2,222.2		2,979.5		568.4		8,198.5
Parts and service	1,184.7		1,150.1		1,593.1		605.8		4,533.7
Finance and insurance, net	432.0		490.1		446.2		50.5		1,418.8
Other	3.1		22.5		1.2		3.7		30.5
	$	7,573.2	$	7,880.9	$	10,266.4	$	1,228.4	$	26,948.9

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	6,723.2	$	6,988.3	$	8,911.4	$	819.9	$	23,442.8
Goods and services transferred over time(2)	850.0		892.6		1,355.0		408.5		3,506.1
	$	7,573.2	$	7,880.9	$	10,266.4	$	1,228.4	$	26,948.9


	Year Ended December 31, 2022
	Domestic		Import		Premium Luxury		Corporate and other(1)		Total
Major Goods/Service Lines
New vehicle	$	3,409.1	$	3,473.0	$	4,872.3	$	—	$	11,754.4
Used vehicle	3,022.3		2,652.7		3,499.8		487.0		9,661.8
Parts and service	1,092.7		1,050.9		1,448.6		508.4		4,100.6
Finance and insurance, net	460.3		494.1		453.8		29.1		1,437.3
Other	3.1		19.6		3.6		4.6		30.9
	$	7,987.5	$	7,690.3	$	10,278.1	$	1,029.1	$	26,985.0

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	7,226.9	$	6,896.2	$	9,063.1	$	703.7	$	23,889.9
Goods and services transferred over time(2)	760.6		794.1		1,215.0		325.4		3,095.1
	$	7,987.5	$	7,690.3	$	10,278.1	$	1,029.1	$	26,985.0


	Year Ended December 31, 2021
	Domestic		Import		Premium Luxury		Corporate and other(1)		Total
Major Goods/Service Lines
New vehicle	$	3,601.8	$	3,969.8	$	4,510.1	$	—	$	12,081.7
Used vehicle	2,875.0		2,370.5		3,067.4		325.9		8,638.8
Parts and service	1,007.6		950.0		1,246.7		502.3		3,706.6
Finance and insurance, net	469.1		489.6		401.0		24.8		1,384.5
Other	6.4		18.6		4.7		2.7		32.4
	$	7,959.9	$	7,798.5	$	9,229.9	$	855.7	$	25,844.0

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	7,260.7	$	7,079.0	$	8,197.6	$	535.6	$	23,072.9
Goods and services transferred over time(2)	699.2		719.5		1,032.3		320.1		2,771.1
	$	7,959.9	$	7,798.5	$	9,229.9	$	855.7	$	25,844.0

(1) “Corporate and other” is comprised of our other businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and AutoNation Mobile Service.
(2) Represents revenue recognized during the period for automotive repair and maintenance services.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.


	Revenue Expected to Be Recognized by Period
	Total		Next 12 Months		13 - 36 Months		37 - 60 Months
Revenue expected to be recognized on VCP contracts sold as of period end	$	107.3	$	36.7	$	52.3	$	18.3

Contract Assets and Liabilities

The following table provides the balances at December 31 of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:


	2023		2022		2021
Receivables from contracts with customers, net	$	762.0	$	634.5	$	539.9
Contract Asset (Current)	$	23.1	$	27.7	$	30.4
Contract Asset (Long-Term)	$	3.2	$	8.6	$	14.2
Contract Liability (Current)	$	42.5	$	41.8	$	33.6
Contract Liability (Long-Term)	$	70.6	$	66.6	$	60.5

The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration for performance obligations satisfied in previous periods. The following table presents revenue recognized during the year from amounts included in the contract liability balance at the beginning of the period and adjustments to revenue related to performance obligations satisfied in previous periods:


	2023		2022		2021
Amounts included in contract liability at the beginning of the period	$	35.0	$	33.6	$	32.1
Performance obligations satisfied in previous periods	$	—	$	2.1	$	19.4

Other significant changes include contract assets reclassified to receivables of $29.1 million during 2023 and $30.5 million in 2022.