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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 3,221.7 $ 3,096.5 $ 6,071.4 $ 5,756.2
Cost of sales:        
Total cost of sales 2,728.1 2,635.8 5,127.1 4,887.4
Gross profit 493.6 460.7 944.3 868.8
Asset impairments 0.0 0.0 0.5 0.0
Selling, general and administrative 356.5 333.3 678.3 630.8
Depreciation and amortization 20.2 18.8 40.0 35.7
Operating income 116.9 108.6 225.5 202.3
Floor plan interest expense (19.4) (15.6) (37.5) (29.2)
Other interest expense, net (15.0) (13.8) (30.3) (25.6)
Other income, net 3.0 1.6 5.6 3.0
Income before income taxes 85.5 80.8 163.3 150.5
Income tax provision (23.6) (20.1) (45.0) (37.8)
Net income $ 61.9 $ 60.7 $ 118.3 $ 112.7
Basic net income per share (in dollars per share) $ 2.65 $ 2.45 $ 5.10 $ 4.52
Shares used in basic per share calculations (in shares) 23.4 24.8 23.2 24.9
Diluted net income per share (in dollars per share) $ 2.63 $ 2.44 $ 5.08 $ 4.50
Shares used in diluted per share calculations (in shares) 23.5 24.9 23.3 25.0
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.30 $ 0.29 $ 0.59 $ 0.56
New vehicle        
Revenues:        
Total revenues $ 1,707.4 $ 1,726.8 $ 3,168.5 $ 3,181.5
Cost of sales:        
Total cost of sales 1,612.0 1,625.3 2,987.2 2,993.1
Used vehicle retail        
Revenues:        
Total revenues 888.3 804.1 1,716.2 1,519.7
Cost of sales:        
Total cost of sales 795.1 717.0 1,538.4 1,359.0
Used vehicle wholesale        
Revenues:        
Total revenues 81.7 85.3 159.1 161.3
Cost of sales:        
Total cost of sales 79.9 83.4 156.4 158.4
Finance and insurance        
Revenues:        
Total revenues 129.0 114.5 246.5 221.0
Service, body and parts        
Revenues:        
Total revenues 335.5 311.4 652.9 597.1
Cost of sales:        
Total cost of sales 165.2 157.7 323.1 305.0
Fleet and other        
Revenues:        
Total revenues 79.8 54.4 128.2 75.6
Cost of sales:        
Total cost of sales $ 75.9 $ 52.4 $ 122.0 $ 71.9