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Segments (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)						2021						2020						2021						2020
Revenues:
Domestic
New vehicle retail						$	766.1					$	621.3					$	2,305.3					$	1,591.0
Used vehicle retail						699.7						378.8						1,803.7						1,096.4
Used vehicle wholesale						74.5						31.9						174.4						77.7
Finance and insurance						80.5						53.2						217.7						149.2
Service, body and parts						170.2						118.0						450.0						337.5
Fleet and other						28.2						11.5						67.4						35.1
						1,819.2						1,214.7						5,018.5						3,286.9
Import
New vehicle retail						1,376.9						823.7						3,730.7						1,996.6
Used vehicle retail						847.9						452.2						2,127.8						1,152.8
Used vehicle wholesale						99.5						42.2						247.8						88.7
Finance and insurance						162.9						81.2						408.9						195.1
Service, body and parts						235.3						141.3						596.9						371.4
Fleet and other						4.9						11.1						37.5						28.9
						2,727.4						1,551.7						7,149.6						3,833.5
Luxury
New vehicle retail						750.9						440.0						2,204.1						1,038.2
Used vehicle retail						530.3						261.6						1,309.9						642.2
Used vehicle wholesale						72.8						24.7						171.9						50.2
Finance and insurance						56.1						25.5						145.7						60.1
Service, body and parts						162.8						96.0						434.7						244.8
Fleet and other						22.2						1.9						59.5						14.0
						1,595.1						849.7						4,325.8						2,049.5
						6,141.7						3,616.1						16,493.9						9,169.9
Corporate and other						28.1						4.1						28.3						12.6
						$	6,169.8					$	3,620.2					$	16,522.2					$	9,182.5
Segment income1:
Domestic						$	123.6					$	81.1					$	335.6					$	168.3
Import						255.4						102.6						573.2						176.2
Luxury						108.5						39.2						249.8						53.1
Total segment income for reportable segments						$	487.5					$	222.9					$	1,158.6					$	397.6

1Segment income for each of the segments is a Non-GAAP measure defined as Income from operations before income taxes, depreciation and amortization, other interest expense and other income, net.

Reconciliation of total segment income for reportable segments to our consolidated income before income taxes:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)						2021						2020						2021						2020
Total segment income for reportable segments						$	487.5					$	222.9					$	1,158.6					$	397.6
Corporate and other						22.8						33.5						80.1						103.5
Depreciation and amortization						(34.4)						(22.9)						(91.5)						(67.3)
Other interest expense						(28.0)						(16.6)						(79.6)						(50.4)
Other income (expense), net						(25.7)						2.2						(14.6)						8.2
Income before income taxes						$	422.2					$	219.1					$	1,053.0					$	391.6

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segments is as follows:

(in millions)						September 30, 2021						December 31, 2020
Total assets:
Domestic						$	1,282.1					$	1,262.4
Import						1,634.8						1,654.7
Luxury						1,100.8						1,132.4
Corporate and other						6,186.9						3,852.6
						$	10,204.6					$	7,902.1

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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