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Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
At December 31, 2014, 2013, and 2012, we had three reportable segments: (1) Domestic, (2) Import, and (3) Premium Luxury. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler. Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.
“Corporate and other” is comprised of our other businesses, including collision centers, a customer lead distribution business (which was divested in January 2014), and an auction operation, each of which generates revenues, as well as unallocated corporate overhead expenses and retrospective commissions for certain finance and insurance transactions that we arrange under agreements with third parties.
The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer.
Reportable segment revenue, segment income, floorplan interest expense, depreciation and amortization, total assets, and capital expenditures are as follows:
 
Years Ended December 31,
 
2014
 
2013
 
2012
Revenues:
 
 
 
 
 
Domestic
$
6,359.5

 
$
5,835.3

 
$
5,131.6

Import
6,717.8

 
6,375.0

 
5,827.5

Premium Luxury
5,889.3

 
5,152.3

 
4,553.3

Total
18,966.6

 
17,362.6

 
15,512.4

Corporate and other
142.2

 
155.0

 
155.1

Total consolidated revenue
$
19,108.8

 
$
17,517.6

 
$
15,667.5



 
Years Ended December 31,
 
2014
 
2013
 
2012
Segment income*:
 
 
 
 
 
Domestic
$
285.0

 
$
246.6

 
$
209.4

Import
291.3

 
280.1

 
257.9

Premium Luxury
366.1

 
321.4

 
270.4

Total segment income
942.4

 
848.1

 
737.7

Corporate and other
(174.9
)
 
(161.2
)
 
(137.9
)
Other interest expense
(86.7
)
 
(88.3
)
 
(86.9
)
Loss on debt extinguishment
(1.6
)
 
—

 
—

Interest income
0.2

 
0.2

 
0.3

Other income, net
2.9

 
5.6

 
3.6

Income from continuing operations before income taxes
$
682.3

 
$
604.4

 
$
516.8

*Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.

 
Years Ended December 31,
 
2014
 
2013
 
2012
Floorplan interest expense:
 
 
 
 
 
Domestic
$
24.4

 
$
23.7

 
$
20.2

Import
14.5

 
16.3

 
14.2

Premium Luxury
13.1

 
12.6

 
10.7

Corporate and other
1.3

 
0.8

 
0.4

Total floorplan interest expense
$
53.3

 
$
53.4

 
$
45.5

 
 
 
 
 
 
 
Years Ended December 31,
 
2014
 
2013
 
2012
Depreciation and amortization:
 
 
 
 
 
Domestic
$
27.3

 
$
25.1

 
$
23.0

Import
31.0

 
28.1

 
25.0

Premium Luxury
28.3

 
26.9

 
25.1

Corporate and other
20.3

 
15.2

 
14.2

Total depreciation and amortization
$
106.9

 
$
95.3

 
$
87.3



 
Years Ended December 31,
 
2014
 
2013
 
2012
Assets:
 
 
 
 
 
Domestic
$
2,187.3

 
$
2,143.1

 
$
1,895.0

Import
1,997.7

 
2,030.4

 
1,787.4

Premium Luxury
2,051.0

 
1,633.6

 
1,541.6

Corporate and other:
 
 
 
 
 
Goodwill
1,314.7

 
1,259.6

 
1,237.4

Franchise rights
348.1

 
329.3

 
285.7

Other Corporate and other assets
500.9

 
518.1

 
455.9

Total assets
$
8,399.7

 
$
7,914.1

 
$
7,203.0



 
Years Ended December 31,
 
2014
 
2013
 
2012
Capital expenditures:
 
 
 
 
 
Domestic
$
61.7

 
$
61.9

 
$
69.5

Import
47.0

 
76.1

 
55.2

Premium Luxury
68.3

 
45.5

 
33.1

Corporate and other
20.8

 
23.7

 
25.8

Total capital expenditures
$
197.8

 
$
207.2

 
$
183.6