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Business Combinations (Tables)
 9 Months Ended
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