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Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

June 30,

 

 

 

2014

 

2013

 

Accounts receivable

 

$

0.7

 

$

0.3

 

Inventory

 

29.1

 

1.9

 

Other current assets

 

1.2

 

0.2

 

Property and equipment

 

4.1

 

20.1

 

Indefinite-lived intangibles

 

57.1

 

7.3

 

Current liabilities

 

(2.6

)

(0.1

)

Non-current liabilities

 

(2.2

)

1.0

 

Total consideration

 

87.4

 

30.7

 

Seller financed/assumed debt

 

(1.2

)

—

 

Cash used in dealership acquisitions

 

$

86.2

 

$

30.7

 
Summary of unaudited consolidated pro forma results of operations

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Revenues

 

$

4,409.2

 

$

4,076.7

 

$

8,498.0

 

$

7,888.1

 

Income from continuing operations

 

80.3

 

74.2

 

146.5

 

143.4

 

Net income

 

72.9

 

73.1

 

140.4

 

142.6

 

Income from continuing operations per diluted common share

 

$

0.89

 

$

0.82

 

$

1.62

 

$

1.59

 

Net income per diluted common share

 

$

0.81

 

$

0.81

 

$

1.55

 

$

1.58