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Acquisitions
 12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Acquisitions
ACQUISITIONS
During 2016, we purchased 20 stores located in Texas, New York, Colorado, California, and Maryland, which include Chrysler, Dodge, Jeep, Ram, Chevrolet, Hyundai, Mercedes-Benz, Sprinter, Jaguar, Land Rover, and BMW franchises. We also purchased a collision center in Illinois in 2016. Acquisitions are included in the Consolidated Financial Statements from the date of acquisition. The purchase price allocations for the business combinations in 2016 are preliminary and subject to final adjustment. We purchased 22 stores in 2015 and five stores in 2014.
The following table summarizes the consideration paid and estimated fair values of the assets acquired and liabilities assumed at the acquisition dates for the stores acquired during 2016:
Receivables, net
 
$
19.9

Inventory
 
272.4

Property and equipment
 
130.4

Goodwill
 
140.4

Franchise rights - indefinite-lived
 
169.2

Other assets
 
9.4

Accounts payable
 
(9.0
)
Vehicle floorplan payable - non-trade
 
(264.4
)
Deferred income taxes
 
(7.5
)
Other liabilities
 
(13.0
)
Aggregate purchase price
 
447.8

Capital leases and other obligations
 
(37.4
)
Cash used in business acquisitions, net of cash acquired
 
$
410.4


The goodwill was assigned to the Domestic, Import, Premium Luxury, and “Corporate and other” reporting units in the amount of $57.9 million, $2.0 million, $76.9 million, and $3.6 million, respectively. We anticipate that substantially all of the goodwill recorded in 2016 will be deductible for federal income tax purposes.
From each acquisition date of the 2016 acquisitions to December 31, 2016, the amounts of revenue and earnings of the 20 stores and the collision center acquired included in our Consolidated Statement of Income for the year ended December 31, 2016, were $790.5 million and $21.7 million, respectively. Our unaudited supplemental pro forma revenue and net income from continuing operations had the acquisition dates been January 1, 2015 are as follows:
 
Years Ended December 31,
Supplemental pro forma:
2016
 
2015
Revenue
$
21,945.6

 
$
22,169.9

Net income from continuing operations
$
434.1

 
$
469.4


The unaudited supplemental pro forma revenue and net income from continuing operations are presented for information purposes only and may not necessarily reflect the future results of operations of AutoNation or what the results of operations would have been had we owned and operated these businesses as of January 1, 2015.