XML 21 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
TOTAL REVENUE $ 5,119.6 $ 4,944.2
TOTAL COST OF SALES (excluding depreciation shown below) 4,293.7 4,144.3
TOTAL GROSS PROFIT 825.9 799.9
Selling, general, and administrative expenses 588.7 557.6
Depreciation and amortization 34.8 28.7
Other income, net (5.0) (1.3)
OPERATING INCOME 207.4 214.9
Non-operating income (expense) items:    
Floorplan interest expense (18.9) (13.2)
Other interest expense (28.3) (21.4)
Interest income 0.1 0.1
Other income (loss), net (3.4) 1.1
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 156.9 181.5
Income tax provision 60.7 69.8
NET INCOME FROM CONTINUING OPERATIONS 96.2 111.7
Loss from discontinued operations, net of income taxes (0.3) (0.2)
NET INCOME $ 95.9 $ 111.5
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 0.90 $ 0.98
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.90 $ 0.98
Weighted average common shares outstanding (in shares) 106.7 113.6
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 0.90 $ 0.97
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.89 $ 0.97
Weighted average common shares outstanding (in shares) 107.4 115.1
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 103.1 113.9
New Vehicle [Member]    
TOTAL REVENUE $ 2,800.2 $ 2,769.6
TOTAL COST OF SALES (excluding depreciation shown below) 2,651.0 2,608.1
TOTAL GROSS PROFIT 149.2 161.5
Used Vehicle [Member]    
TOTAL REVENUE 1,241.6 1,193.2
TOTAL COST OF SALES (excluding depreciation shown below) 1,150.6 1,089.5
TOTAL GROSS PROFIT 91.0 103.7
Parts and Service [Member]    
TOTAL REVENUE 820.4 743.4
TOTAL COST OF SALES (excluding depreciation shown below) 465.7 423.4
TOTAL GROSS PROFIT 354.7 320.0
Finance and Insurance, Net [Member]    
TOTAL REVENUE 223.1 207.6
TOTAL GROSS PROFIT 223.1 207.6
Other Goods and Services [Member]    
TOTAL REVENUE 34.3 30.4
TOTAL COST OF SALES (excluding depreciation shown below) 26.4 23.3
TOTAL GROSS PROFIT $ 7.9 $ 7.1