XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2018
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION At June 30, 2018 and 2017, 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 Ford, General Motors, 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 repair and maintenance services, and automotive finance and insurance products. “Corporate and other” is comprised of our other businesses, including collision centers, AutoNation USA stand-alone used vehicle sales and service centers, and automotive auctions, all of which generate revenues but do not meet the quantitative thresholds for determining reportable segments, 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. The following table provides information on revenues from external customers, intercompany revenues, and segment income of our reportable segments. Intercompany sales, which are eliminated in consolidation, may be based on current market prices, current fair values, or cost plus margin depending on the product type and the markets in which the products are sold.
| Three Months Ended |  | Three Months Ended
| June 30, 2018 |  | June 30, 2017
| Domestic |  | Import |  | Premium Luxury |  | Domestic |  | Import |  | Premium Luxury
Revenues from external customers | $ | 1,826.1 |  |  | $ | 1,717.0 |  |  | $ | 1,730.2 |  |  | $ | 1,844.7 |  |  | $ | 1,702.2 |  |  | $ | 1,644.1 |
Intercompany revenues | $ | 133.6 |  |  | $ | 86.6 |  |  | $ | 115.3 |  |  | $ | 139.9 |  |  | $ | 98.0 |  |  | $ | 119.7 |
Segment income (1) | $ | 67.1 |  |  | $ | 78.1 |  |  | $ | 84.9 |  |  | $ | 60.1 |  |  | $ | 75.3 |  |  | $ | 83.9 |
| Six Months Ended |  | Six Months Ended
| June 30, 2018 |  | June 30, 2017
| Domestic |  | Import |  | Premium Luxury |  | Domestic |  | Import |  | Premium Luxury
Revenues from external customers | $ | 3,599.8 |  |  | $ | 3,369.6 |  |  | $ | 3,448.0 |  |  | $ | 3,645.5 |  |  | $ | 3,333.9 |  |  | $ | 3,260.7 |
Intercompany revenues | $ | 274.2 |  |  | $ | 167.5 |  |  | $ | 217.4 |  |  | $ | 278.7 |  |  | $ | 190.0 |  |  | $ | 235.7 |
Segment income (1) | $ | 127.4 |  |  | $ | 150.9 |  |  | $ | 172.6 |  |  | $ | 121.5 |  |  | $ | 147.0 |  |  | $ | 164.4 |
(1) Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.
The following is a reconciliation of total segment income for reportable segments to our consolidated income from continuing operations before income taxes.
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Total segment income for reportable segments | $ | 230.1 |  |  | $ | 219.3 |  |  | $ | 450.9 |  |  | $ | 432.9 |
Corporate and other | (71.3 | ) |  | (47.2 | ) |  | (134.6 | ) |  | (75.6 | )
Other interest expense | (29.7 | ) |  | (29.2 | ) |  | (62.0 | ) |  | (58.0 | )
Interest income | 0.3 |  |  | 0.2 |  |  | 0.5 |  |  | 0.6 |
Other income, net | 0.2 |  |  | 1.8 |  |  | 1.0 |  |  | 4.8 |
Income from continuing operations before income taxes | $ | 129.6 |  |  | $ | 144.9 |  |  | $ | 255.8 |  |  | $ | 304.7 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration