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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
TOTAL REVENUE $ 5,441.4 $ 5,224.3 $ 10,561.0 $ 10,168.5
TOTAL COST OF SALES (excluding depreciation shown below) 4,599.6 4,405.2 8,893.3 8,549.5
TOTAL GROSS PROFIT 841.8 819.1 1,667.7 1,619.0
Selling, general, and administrative expenses 585.2 568.7 1,173.9 1,126.3
Depreciation and amortization 35.9 32.1 70.7 60.8
Other income, net (5.8) (3.8) (10.8) (5.1)
OPERATING INCOME 226.5 222.1 433.9 437.0
Non-operating income (expense) items:        
Floorplan interest expense (19.3) (14.2) (38.2) (27.4)
Other interest expense (28.7) (21.6) (57.0) (43.0)
Interest income 0.4 0.0 0.5 0.1
Other income, net 4.2 0.5 0.8 1.6
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 183.1 186.8 340.0 368.3
Income tax provision 71.0 71.6 131.7 141.4
NET INCOME FROM CONTINUING OPERATIONS 112.1 115.2 208.3 226.9
Loss from discontinued operations, net of income taxes (0.1) (0.1) (0.4) (0.3)
NET INCOME $ 112.0 $ 115.1 $ 207.9 $ 226.6
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.09 $ 1.01 $ 1.99 $ 2.00
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 1.09 $ 1.01 $ 1.98 $ 1.99
Weighted average common shares outstanding (in shares) 102.9 113.8 104.8 113.7
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.08 $ 1.00 $ 1.97 $ 1.97
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income (in dollars per share) $ 1.08 $ 1.00 $ 1.97 $ 1.97
Weighted average common shares outstanding (in shares) 103.6 115.1 105.5 115.1
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 102.2 113.4 102.2 113.4
New Vehicle [Member]        
TOTAL REVENUE $ 3,071.9 $ 2,967.8 $ 5,872.1 $ 5,737.4
TOTAL COST OF SALES (excluding depreciation shown below) 2,909.1 2,801.7 5,560.1 5,409.8
TOTAL GROSS PROFIT 162.8 166.1 312.0 327.6
Used Vehicle [Member]        
TOTAL REVENUE 1,259.4 1,216.3 2,501.0 2,409.5
TOTAL COST OF SALES (excluding depreciation shown below) 1,175.4 1,125.2 2,326.0 2,214.7
TOTAL GROSS PROFIT 84.0 91.1 175.0 194.8
Parts and Service [Member]        
TOTAL REVENUE 834.7 777.8 1,655.1 1,521.2
TOTAL COST OF SALES (excluding depreciation shown below) 473.1 440.6 938.8 864.0
TOTAL GROSS PROFIT 361.6 337.2 716.3 657.2
Finance and Insurance, Net [Member]        
TOTAL REVENUE 225.4 217.7 448.5 425.3
TOTAL GROSS PROFIT 225.4 217.7 448.5 425.3
Other Goods and Services [Member]        
TOTAL REVENUE 50.0 44.7 84.3 75.1
TOTAL COST OF SALES (excluding depreciation shown below) 42.0 37.7 68.4 61.0
TOTAL GROSS PROFIT $ 8.0 $ 7.0 $ 15.9 $ 14.1