XML 58 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
New Vehicle [Member]        
Revenues:        
Revenues $ 1,227,080,000 $ 732,121,000 $ 3,384,408,000 $ 2,006,127,000
Cost of sales:        
Cost of sales 1,149,923,000 684,473,000 3,176,135,000 1,873,461,000
Used Retail Vehicle [Member]        
Revenues:        
Revenues 505,885,000 340,522,000 1,457,617,000 952,890,000
Cost of sales:        
Cost of sales 443,598,000 296,624,000 1,273,195,000 824,129,000
Used Wholesale Vehicle [Member]        
Revenues:        
Revenues 69,472,000 48,853,000 198,476,000 135,832,000
Cost of sales:        
Cost of sales 68,892,000 48,349,000 194,329,000 132,493,000
Finance and Insurance [Member]        
Revenues:        
Revenues 76,633,000 46,855,000 213,700,000 130,324,000
Service, Body and Parts [Member]        
Revenues:        
Revenues 189,796,000 120,772,000 545,966,000 339,726,000
Cost of sales:        
Cost of sales 95,846,000 62,351,000 276,828,000 174,291,000
Fleet and Other [Member]        
Revenues:        
Revenues 15,979,000 7,988,000 70,803,000 32,120,000
Cost of sales:        
Cost of sales 15,399,000 7,474,000 68,272,000 30,444,000
Revenues 2,084,845,000 1,297,111,000 5,870,970,000 3,597,019,000
Cost of sales 1,773,658,000 1,099,271,000 4,988,759,000 3,034,818,000
Gross profit 311,187,000 197,840,000 882,211,000 562,201,000
Asset impairments 4,131,000 0 14,391,000 0
Selling, general and administrative 223,728,000 131,627,000 610,956,000 378,919,000
Depreciation and amortization 10,531,000 6,067,000 30,544,000 17,399,000
Operating income 72,797,000 60,146,000 226,320,000 165,883,000
Floor plan interest expense (4,951,000) (3,127,000) (14,255,000) (9,326,000)
Other interest expense (4,900,000) (2,051,000) (14,700,000) (5,894,000)
Other (expense) income, net (307,000) 1,027,000 (1,031,000) 3,110,000
Income from continuing operations before income taxes 62,639,000 55,995,000 196,334,000 153,773,000
Income tax provision (19,248,000) (21,458,000) (61,067,000) (59,372,000)
Income from continuing operations, net of income tax 43,391,000 34,537,000 135,267,000 94,401,000
Income from discontinued operations, net of income tax 0 0 0 3,179,000
Net income $ 43,391,000 $ 34,537,000 $ 135,267,000 $ 97,580,000
Basic income per share from continuing operations (in dollars per share) $ 1.65 $ 1.32 $ 5.14 $ 3.62
Basic income per share from discontinued operations (in dollars per share) 0 0 0 0.12
Basic net income per share (in dollars per share) $ 1.65 $ 1.32 $ 5.14 $ 3.74
Shares used in basic per share calculations (in shares) 26,289 26,118 26,304 26,071
Diluted income per share from continuing operations (in dollars per share) $ 1.64 $ 1.31 $ 5.10 $ 3.58
Diluted income per share from discontinued operations (in dollars per share) 0 0 0 0.13
Diluted net income per share (in dollars per share) $ 1.64 $ 1.31 $ 5.10 $ 3.71
Shares used in diluted per share calculations (in shares) 26,480 26,359 26,500 26,337