XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
TOTAL REVENUE $ 5,139.4 $ 5,119.6
TOTAL COST OF SALES (excluding depreciation shown below) 4,319.6 4,293.7
TOTAL GROSS PROFIT 819.8 825.9
Selling, general, and administrative expenses 595.3 588.7
Depreciation and amortization 37.3 34.8
Other income, net (19.5) (5.0)
OPERATING INCOME 206.7 207.4
Non-operating income (expense) items:    
Floorplan interest expense (21.5) (18.9)
Other interest expense (28.8) (28.3)
Interest income 0.4 0.1
Other income (loss), net 3.0 (3.4)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 159.8 156.9
Income tax provision 61.6 60.7
NET INCOME FROM CONTINUING OPERATIONS 98.2 96.2
Loss from discontinued operations, net of income taxes (0.1) (0.3)
NET INCOME $ 98.1 $ 95.9
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 0.97 $ 0.90
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.97 $ 0.90
Weighted average common shares outstanding (in shares) 101.1 106.7
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations (in dollars per share) $ 0.97 $ 0.90
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.97 $ 0.89
Weighted average common shares outstanding (in shares) 101.6 107.4
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 101.3 103.1
New Vehicle [Member]    
TOTAL REVENUE $ 2,796.2 $ 2,800.2
TOTAL COST OF SALES (excluding depreciation shown below) 2,651.9 2,651.0
TOTAL GROSS PROFIT 144.3 149.2
Used Vehicle [Member]    
TOTAL REVENUE 1,240.9 1,241.6
TOTAL COST OF SALES (excluding depreciation shown below) 1,163.9 1,150.6
TOTAL GROSS PROFIT 77.0 91.0
Parts and Service [Member]    
TOTAL REVENUE 845.1 820.4
TOTAL COST OF SALES (excluding depreciation shown below) 474.1 465.7
TOTAL GROSS PROFIT 371.0 354.7
Finance and Insurance, Net [Member]    
TOTAL REVENUE 221.6 223.1
TOTAL GROSS PROFIT 221.6 223.1
Other Goods and Services [Member]    
TOTAL REVENUE 35.6 34.3
TOTAL COST OF SALES (excluding depreciation shown below) 29.7 26.4
TOTAL GROSS PROFIT $ 5.9 $ 7.9