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Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
At December 31, 2016, 2015, and 2014, 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. 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.
In the following tables of financial data, revenue and segment income of our reportable segments are reconciled to consolidated revenue and consolidated income from continuing operations before income taxes, respectively.
 
Years Ended December 31,
 
2016
 
2015
 
2014
Revenues:
 
 
 
 
 
Domestic
$
7,810.0

 
$
7,069.8

 
$
6,359.5

Import
6,886.1

 
7,037.2

 
6,717.8

Premium Luxury
6,665.3

 
6,607.8

 
5,889.3

Total
21,361.4

 
20,714.8

 
18,966.6

Corporate and other
247.6

 
147.2

 
142.2

Total consolidated revenue
$
21,609.0

 
$
20,862.0

 
$
19,108.8



 
Years Ended December 31,
 
2016
 
2015
 
2014
Segment income(1):
 
 
 
 
 
Domestic
$
311.1

 
$
336.9

 
$
285.0

Import
296.8

 
311.4

 
291.3

Premium Luxury
350.2

 
376.2

 
366.1

Total
958.1

 
1,024.5

 
942.4

Corporate and other
(145.1
)
 
(209.7
)
 
(174.9
)
Other interest expense
(115.5
)
 
(90.9
)
 
(86.7
)
Loss on debt extinguishment
—

 
—

 
(1.6
)
Interest income
1.1

 
0.1

 
0.2

Other income (loss), net
3.7

 
(1.3
)
 
2.9

Income from continuing operations before income taxes
$
702.3

 
$
722.7

 
$
682.3

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

In the following tables of financial data, floorplan interest expense, depreciation and amortization, total assets, and capital expenditures are reconciled to the consolidated totals as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
Floorplan interest expense:
 
 
 
 
 
Domestic
$
33.7

 
$
24.1

 
$
24.4

Import
17.4

 
15.0

 
14.5

Premium Luxury
22.7

 
18.0

 
13.1

Corporate and other
2.7

 
1.2

 
1.3

Total floorplan interest expense
$
76.5

 
$
58.3

 
$
53.3

 
 
 
 
 
 
 
Years Ended December 31,
 
2016
 
2015
 
2014
Depreciation and amortization:
 
 
 
 
 
Domestic
$
37.5

 
$
31.0

 
$
27.3

Import
35.4

 
32.9

 
31.0

Premium Luxury
40.7

 
35.0

 
28.3

Corporate and other
29.8

 
28.5

 
20.3

Total depreciation and amortization
$
143.4

 
$
127.4

 
$
106.9



 
Years Ended December 31,
 
2016
 
2015
 
2014
Capital expenditures:
 
 
 
 
 
Domestic
$
62.5

 
$
61.4

 
$
61.7

Import
28.0

 
34.0

 
47.0

Premium Luxury
95.6

 
101.9

 
68.3

Corporate and other
67.1

 
69.6

 
20.8

Total capital expenditures
$
253.2

 
$
266.9

 
$
197.8



 
Years Ended December 31,
 
2016
 
2015
 
2014
Assets:
 
 
 
 
 
Domestic
$
2,742.8

 
$
2,573.9

 
$
2,187.3

Import
2,065.5

 
2,145.2

 
1,997.7

Premium Luxury
2,603.4

 
2,554.6

 
2,051.0

Corporate and other:
 
 
 
 
 
Goodwill
1,511.3

 
1,394.5

 
1,314.7

Franchise rights
589.4

 
432.4

 
348.1

Other Corporate and other assets
547.6

 
447.6

 
496.2

Total assets
$
10,060.0

 
$
9,548.2

 
$
8,395.0