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Business Combinations (Tables) | 9 Months Ended
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Sep. 30, 2015
Business Combinations |
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed |
|  | September 30, |
|  | 2015 |  | 2014 |
Accounts receivable |  | $ | 52.0 |  | $ | 0.7 |
Inventory |  | 171.7 |  | 29.1 |
Other current assets |  | 1.3 |  | 1.2 |
Property and equipment |  | 72.1 |  | 4.1 |
Indefinite-lived intangibles |  | 68.2 |  | 57.1 |
Other non-current assets |  | 1.3 |  | — |
Current liabilities |  | (42.1 | ) | (2.6 | )
Non-current liabilities |  | (67.8 | ) | (2.2 | )
Total consideration |  | 256.7 |  | 87.4 |
Seller financed/assumed debt |  | (2.6 | ) | (1.2 | )
Seller assumed floorplan |  | (118.3 | ) | — |
Fair value of previously held interest |  | (28.0 | ) | — |
Fair value of non-controlling interest |  | (22.4 | ) | — |
Total cash used in acquisitions |  | $ | 85.4 |  | $ | 86.2 |
Summary of unaudited consolidated pro forma results of operations |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
Revenues |  | $ | 5,054.2 |  | $ | 4,806.2 |  | $ | 14,775.6 |  | $ | 14,113.7 |
Income from continuing operations |  | 86.4 |  | 79.7 |  | 258.6 |  | 230.9 |
Net income |  | 86.4 |  | 77.5 |  | 257.5 |  | 223.7 |
Income from continuing operations per diluted common share |  | $ | 0.96 |  | $ | 0.88 |  | $ | 2.87 |  | $ | 2.55 |
Net income per diluted common share |  | $ | 0.96 |  | $ | 0.86 |  | $ | 2.85 |  | $ | 2.47 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
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