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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 13,124.3 $ 12,672.7 $ 11,821.4
Cost of sales:      
Total cost of sales 10,898.7 10,718.9 10,044.4
Gross profit 2,225.6 1,953.8 1,777.0
Asset impairments 7.9 2.6 1.3
Selling, general and administrative 1,428.3 1,373.8 1,253.3
Depreciation and amortization 92.3 82.4 75.4
Operating income 697.1 495.0 447.0
Floor plan interest expense (34.4) (72.8) (62.3)
Other interest expense (73.1) (60.6) (56.0)
Other income, net 58.9 13.8 8.8
Income before income taxes 648.5 375.4 337.5
Income tax provision (178.2) (103.9) (71.8)
Net income $ 470.3 $ 271.5 $ 265.7
Basic net income per share (in dollars per share) $ 19.74 $ 11.70 $ 10.91
Shares used in basic per share calculations 23.8 23.2 24.4
Diluted net income per share (in dollars per share) $ 19.53 $ 11.60 $ 10.86
Shares used in diluted per share calculations 24.1 23.4 24.5
Cash dividend paid per Class A and Class B share (in dollars per share) $ 1.22 $ 1.19 $ 1.14
New vehicle retail      
Revenues:      
Total revenues $ 6,773.9 $ 6,799.1 $ 6,602.8
Cost of sales:      
Total cost of sales 6,313.0 6,413.5 6,217.7
Used vehicle retail      
Revenues:      
Total revenues 3,998.4 3,527.2 3,079.0
Cost of sales:      
Total cost of sales 3,552.4 3,159.6 2,756.1
Used vehicle wholesale      
Revenues:      
Total revenues 308.7 301.2 331.3
Cost of sales:      
Total cost of sales 296.7 297.5 325.8
Finance and insurance      
Revenues:      
Total revenues 579.8 518.6 454.8
Service, body and parts      
Revenues:      
Total revenues 1,348.7 1,325.1 1,222.3
Cost of sales:      
Total cost of sales 631.9 657.5 621.6
Fleet and other      
Revenues:      
Total revenues 114.8 201.5 131.2
Cost of sales:      
Total cost of sales $ 104.7 $ 190.8 $ 123.2