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Segment Information | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION At December 31, 2019, 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 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, Audi, Lexus, and Jaguar Land Rover. 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, auction operations, AutoNation USA stand-alone used vehicle sales and service centers, and parts distribution centers, 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 tables provide information on revenues from external customers, segment income of our reportable segments, floorplan interest expense, depreciation and amortization, total assets, and capital expenditures.
|  | Year Ended December 31, 2019
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other |  | Total
Revenues from external customers |  | $ | 6,671.4 |  |  | $ | 6,468.7 |  |  | $ | 7,434.8 |  |  | $ | 760.8 |  |  | $ | 21,335.7 |
Floorplan interest expense |  | $ | 51.8 |  |  | $ | 30.7 |  |  | $ | 47.3 |  |  | $ | 8.6 |  |  | $ | 138.4 |
Depreciation and amortization |  | $ | 37.2 |  |  | $ | 33.4 |  |  | $ | 53.5 |  |  | $ | 56.4 |  |  | $ | 180.5 |
Segment income (loss)(1) |  | $ | 257.6 |  |  | $ | 318.6 |  |  | $ | 381.1 |  |  | $ | (272.1 | ) |  | $ | 685.2 |
Capital expenditures |  | $ | 38.6 |  |  | $ | 23.2 |  |  | $ | 145.3 |  |  | $ | 50.3 |  |  | $ | 257.4 |
Segment assets |  | $ | 2,483.6 |  |  | $ | 1,842.1 |  |  | $ | 3,150.5 |  |  | $ | 3,067.1 |  |  | $ | 10,543.3 |
|  | Year Ended December 31, 2018
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other |  | Total
Revenues from external customers |  | $ | 7,134.5 |  |  | $ | 6,786.4 |  |  | $ | 7,010.9 |  |  | $ | 481.0 |  |  | $ | 21,412.8 |
Floorplan interest expense |  | $ | 51.3 |  |  | $ | 31.0 |  |  | $ | 41.7 |  |  | $ | 6.4 |  |  | $ | 130.4 |
Depreciation and amortization |  | $ | 37.3 |  |  | $ | 33.2 |  |  | $ | 47.6 |  |  | $ | 48.1 |  |  | $ | 166.2 |
Segment income (loss)(1) |  | $ | 249.3 |  |  | $ | 304.7 |  |  | $ | 340.9 |  |  | $ | (247.4 | ) |  | $ | 647.5 |
Capital expenditures |  | $ | 77.7 |  |  | $ | 56.2 |  |  | $ | 144.2 |  |  | $ | 115.5 |  |  | $ | 393.6 |
Segment assets |  | $ | 2,684.5 |  |  | $ | 1,934.3 |  |  | $ | 3,046.4 |  |  | $ | 2,999.9 |  |  | $ | 10,665.1 |
|  | Year Ended December 31, 2017
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other |  | Total
Revenues from external customers |  | $ | 7,452.8 |  |  | $ | 6,873.4 |  |  | $ | 6,832.7 |  |  | $ | 375.7 |  |  | $ | 21,534.6 |
Floorplan interest expense |  | $ | 40.9 |  |  | $ | 23.2 |  |  | $ | 28.4 |  |  | $ | 4.5 |  |  | $ | 97.0 |
Depreciation and amortization |  | $ | 38.2 |  |  | $ | 34.3 |  |  | $ | 44.5 |  |  | $ | 41.6 |  |  | $ | 158.6 |
Segment income (loss)(1) |  | $ | 257.1 |  |  | $ | 303.1 |  |  | $ | 348.8 |  |  | $ | (162.6 | ) |  | $ | 746.4 |
Capital expenditures |  | $ | 36.2 |  |  | $ | 32.8 |  |  | $ | 101.7 |  |  | $ | 162.2 |  |  | $ | 332.9 |
(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 the total of the reportable segments’ revenue and segment income to our consolidated revenue and income from continuing operations before income taxes, respectively.
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Total external revenues for reportable segments | $ | 20,574.9 |  |  | $ | 20,931.8 |  |  | $ | 21,158.9 |
Corporate and other revenues | 760.8 |  |  | 481.0 |  |  | 375.7 |
Total consolidated revenues | $ | 21,335.7 |  |  | $ | 21,412.8 |  |  | $ | 21,534.6 |
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
Total segment income for reportable segments | $ | 957.3 |  |  | $ | 894.9 |  |  | $ | 909.0 |
Corporate and other | (272.1 | ) |  | (247.4 | ) |  | (162.6 | )
Other interest expense | (106.7 | ) |  | (119.4 | ) |  | (120.2 | )
Interest income | 0.5 |  |  | 1.1 |  |  | 1.0 |
Other income, net | 33.6 |  |  | 0.2 |  |  | 9.3 |
Income from continuing operations before income taxes | $ | 612.6 |  |  | $ | 529.4 |  |  | $ | 636.5 |

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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