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Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
At December 31, 2015, 2014, and 2013, 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 FCA US (formerly 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, Lexus, and Audi. 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 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,
 
2015
 
2014
 
2013
Revenues:
 
 
 
 
 
Domestic
$
7,069.8

 
$
6,359.5

 
$
5,835.3

Import
7,037.2

 
6,717.8

 
6,375.0

Premium Luxury
6,607.8

 
5,889.3

 
5,152.3

Total
20,714.8

 
18,966.6

 
17,362.6

Corporate and other
147.2

 
142.2

 
155.0

Total consolidated revenue
$
20,862.0

 
$
19,108.8

 
$
17,517.6



 
Years Ended December 31,
 
2015
 
2014
 
2013
Segment income(1):
 
 
 
 
 
Domestic
$
336.9

 
$
285.0

 
$
246.6

Import
311.4

 
291.3

 
280.1

Premium Luxury
376.2

 
366.1

 
321.4

Total
1,024.5

 
942.4

 
848.1

Corporate and other
(209.7
)
 
(174.9
)
 
(161.2
)
Other interest expense
(90.9
)
 
(86.7
)
 
(88.3
)
Loss on debt extinguishment
—

 
(1.6
)
 
—

Interest income
0.1

 
0.2

 
0.2

Other income (loss), net
(1.3
)
 
2.9

 
5.6

Income from continuing operations before income taxes
$
722.7

 
$
682.3

 
$
604.4

(1)
Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.

 
Years Ended December 31,
 
2015
 
2014
 
2013
Floorplan interest expense:
 
 
 
 
 
Domestic
$
24.1

 
$
24.4

 
$
23.7

Import
15.0

 
14.5

 
16.3

Premium Luxury
18.0

 
13.1

 
12.6

Corporate and other
1.2

 
1.3

 
0.8

Total floorplan interest expense
$
58.3

 
$
53.3

 
$
53.4

 
 
 
 
 
 
 
Years Ended December 31,
 
2015
 
2014
 
2013
Depreciation and amortization:
 
 
 
 
 
Domestic
$
31.0

 
$
27.3

 
$
25.1

Import
32.9

 
31.0

 
28.1

Premium Luxury
35.0

 
28.3

 
26.9

Corporate and other
28.5

 
20.3

 
15.2

Total depreciation and amortization
$
127.4

 
$
106.9

 
$
95.3



 
Years Ended December 31,
 
2015
 
2014
 
2013
Capital expenditures:
 
 
 
 
 
Domestic
$
61.4

 
$
61.7

 
$
61.9

Import
34.0

 
47.0

 
76.1

Premium Luxury
101.9

 
68.3

 
45.5

Corporate and other
69.6

 
20.8

 
23.7

Total capital expenditures
$
266.9

 
$
197.8

 
$
207.2



 
Years Ended December 31,
 
2015
 
2014
 
2013
Assets:
 
 
 
 
 
Domestic
$
2,573.9

 
$
2,187.3

 
$
2,143.1

Import
2,145.2

 
1,997.7

 
2,030.4

Premium Luxury
2,554.6

 
2,051.0

 
1,633.6

Corporate and other:
 
 
 
 
 
Goodwill
1,394.5

 
1,314.7

 
1,259.6

Franchise rights
432.4

 
348.1

 
329.3

Other Corporate and other assets
457.7

 
500.9

 
518.1

Total assets
$
9,558.3

 
$
8,399.7

 
$
7,914.1