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v3.22.1

Segments (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of Certain Information on a Segment Basis | Certain financial information on a segment basis is as follows:
|  |  |  | Three Months Ended March 31,
(in millions) |  |  |  |  |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |  |
Domestic |  |  |  |  |  |  |  |
New vehicle retail |  |  |  |  |  | $ | 935.6 |  |  | $ | 614.6 |
Used vehicle retail |  |  |  |  |  | 746.4 |  |  | 462.2 |
Used vehicle wholesale |  |  |  |  |  | 128.1 |  |  | 36.2 |
Finance and insurance |  |  |  |  |  | 89.4 |  |  | 58.6 |
Service, body and parts |  |  |  |  |  | 187.6 |  |  | 120.8 |
Fleet and other |  |  |  |  |  | 54.0 |  |  | 17.6 |
|  |  |  |  |  | 2,141.1 |  |  | 1,310.0 |
Import |  |  |  |  |  |  |  |
New vehicle retail |  |  |  |  |  | 1,288.4 |  |  | 968.1 |
Used vehicle retail |  |  |  |  |  | 895.9 |  |  | 562.1 |
Used vehicle wholesale |  |  |  |  |  | 131.8 |  |  | 58.3 |
Finance and insurance |  |  |  |  |  | 170.4 |  |  | 105.5 |
Service, body and parts |  |  |  |  |  | 243.1 |  |  | 156.7 |
Fleet and other |  |  |  |  |  | 10.0 |  |  | 14.1 |
|  |  |  |  |  | 2,739.6 |  |  | 1,864.8 |
Luxury |  |  |  |  |  |  |  |
New vehicle retail |  |  |  |  |  | 836.5 |  |  | 614.1 |
Used vehicle retail |  |  |  |  |  | 596.6 |  |  | 331.2 |
Used vehicle wholesale |  |  |  |  |  | 107.1 |  |  | 39.8 |
Finance and insurance |  |  |  |  |  | 62.4 |  |  | 36.9 |
Service, body and parts |  |  |  |  |  | 183.1 |  |  | 121.7 |
Fleet and other |  |  |  |  |  | 17.3 |  |  | 27.8 |
|  |  |  |  |  | 1,803.0 |  |  | 1,171.5 |
|  |  |  |  |  | 6,683.7 |  |  | 4,346.3 |
Corporate and other |  |  |  |  |  | 21.6 |  |  | (3.3) |
|  |  |  |  |  | $ | 6,705.3 |  |  | $ | 4,343.0 |
Segment income 1: |  |  |  |  |  |  |  |
Domestic |  |  |  |  |  | $ | 130.5 |  |  | $ | 73.9 |
Import |  |  |  |  |  | 245.8 |  |  | 101.5 |
Luxury |  |  |  |  |  | 130.3 |  |  | 44.1 |
Total segment income for reportable segments |  |  |  |  |  | $ | 506.6 |  |  | $ | 219.5 |
1 Segment 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 March 31,
(in millions) |  |  |  |  |  | 2022 |  | 2021
Total segment income for reportable segments |  |  |  |  |  | $ | 506.6 |  |  | $ | 219.5 |
Corporate and other |  |  |  |  |  | 40.5 |  |  | 38.8 |
Depreciation and amortization |  |  |  |  |  | (39.2) |  |  | (26.8) |
Other interest expense |  |  |  |  |  | (30.1) |  |  | (23.5) |
Other income (expense), net |  |  |  |  |  | (8.0) |  |  | 3.4 |
Income before income taxes |  |  |  |  |  | $ | 469.8 |  |  | $ | 211.4 |
Reconciliation of Assets from Segment to Consolidated | Total assets by reportable segments is as follows:
(in millions) |  | March 31, 2022 |  | December 31, 2021
Total assets: |  |  |  |
Domestic |  | $ | 1,831.9 |  |  | $ | 1,574.7 |
Import |  | 2,106.3 |  |  | 1,858.1 |
Luxury |  | 1,494.4 |  |  | 1,407.1 |
Corporate and other |  | 6,648.2 |  |  | 6,307.0 |
|  | $ | 12,080.8 |  |  | $ | 11,146.9 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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