XML 21 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 11,821.4 $ 10,086.5 $ 8,678.2
Cost of sales:      
Total cost of sales 10,044.4 8,570.4 7,376.9
Gross profit 1,777.0 1,516.1 1,301.3
Asset impairments 1.3 0.0 14.0
Selling, general and administrative 1,253.3 1,049.4 899.6
Depreciation and amortization 75.4 57.7 49.3
Operating income 447.0 409.0 338.4
Floor plan interest expense (62.3) (39.3) (25.6)
Other interest expense (56.0) (34.8) (23.2)
Other income (expense), net 8.8 12.2 (6.1)
Income before income taxes 337.5 347.1 283.5
Income tax provision (71.8) (101.9) (86.4)
Net income $ 265.7 $ 245.2 $ 197.1
Basic net income per share (in dollars per share) $ 10.91 $ 9.78 $ 7.76
Shares used in basic per share calculations (in shares) 24.4 25.1 25.4
Diluted net income per share (in dollars per share) $ 10.86 $ 9.75 $ 7.72
Shares used in diluted per share calculations (in shares) 24.5 25.1 25.5
Cash dividend paid per Class A and Class B share (in dollars per share) $ 1.14 $ 1.06 $ 0.95
New vehicle      
Revenues:      
Total revenues $ 6,602.8 $ 5,763.6 $ 4,938.4
Cost of sales:      
Total cost of sales 6,217.7 5,423.8 4,649.0
Used vehicle retail      
Revenues:      
Total revenues 3,079.0 2,544.4 2,227.0
Cost of sales:      
Total cost of sales 2,756.1 2,257.6 1,963.3
Used vehicle wholesale      
Revenues:      
Total revenues 331.3 277.8 276.6
Cost of sales:      
Total cost of sales 325.8 273.0 272.3
Finance and insurance      
Revenues:      
Total revenues 454.8 385.9 330.9
Service, body and parts      
Revenues:      
Total revenues 1,222.3 1,015.8 844.5
Cost of sales:      
Total cost of sales 621.6 522.7 434.2
Fleet and other      
Revenues:      
Total revenues 131.2 99.0 60.8
Cost of sales:      
Total cost of sales $ 123.2 $ 93.3 $ 58.1