XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 4,343.0 $ 2,803.8
Cost of sales:    
Total cost of sales 3,627.5 2,342.9
Gross profit 715.5 460.9
Selling, general and administrative 450.4 346.0
Depreciation and amortization 26.8 22.0
Operating income 238.3 92.9
Floor plan interest expense (6.8) (14.0)
Other interest expense, net (23.5) (17.0)
Other income, net 3.4 2.3
Income before income taxes 211.4 64.2
Income tax provision (55.2) (18.0)
Net income $ 156.2 $ 46.2
Basic net income per share (in dollars per share) $ 5.86 $ 1.99
Shares used in basic per share calculations (in shares) 26.6 23.3
Diluted net income per share (in dollars per share) $ 5.81 $ 1.97
Shares used in diluted per share calculations (in shares) 26.9 23.5
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.31 $ 0.30
New vehicle retail    
Revenues:    
Total revenues $ 2,193.2 $ 1,373.5
Cost of sales:    
Total cost of sales 2,036.5 1,295.3
Used vehicle retail    
Revenues:    
Total revenues 1,352.2 874.4
Cost of sales:    
Total cost of sales 1,216.0 784.4
Used vehicle wholesale    
Revenues:    
Total revenues 135.2 66.7
Cost of sales:    
Total cost of sales 130.6 66.1
Finance and insurance    
Revenues:    
Total revenues 198.4 121.9
Service, body and parts    
Revenues:    
Total revenues 404.0 329.9
Cost of sales:    
Total cost of sales 185.8 161.8
Fleet and other    
Revenues:    
Total revenues 60.0 37.4
Cost of sales:    
Total cost of sales $ 58.6 $ 35.3