XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.20.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Revenue Recognition [Abstract] |
Disaggregation of Revenue | In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. We have determined that these categories depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The tables below also include a reconciliation of the disaggregated revenue to reportable segment revenue.
|  | Three Months Ended June 30, 2020
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other(1) |  | Total
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |
New vehicle |  | $ | 761.7 |  |  | $ | 712.6 |  |  | $ | 787.0 |  |  | $ | — |  |  | $ | 2,261.3 |
Used vehicle |  | 436.8 |  |  | 355.8 |  |  | 490.3 |  |  | 41.6 |  |  | 1,324.5 |
Parts and service |  | 193.3 |  |  | 170.4 |  |  | 223.2 |  |  | 103.0 |  |  | 689.9 |
Finance and insurance, net |  | 88.0 |  |  | 82.4 |  |  | 64.3 |  |  | 11.7 |  |  | 246.4 |
Other |  | 6.2 |  |  | 4.1 |  |  | — |  |  | 0.6 |  |  | 10.9 |
|  | $ | 1,486.0 |  |  | $ | 1,325.3 |  |  | $ | 1,564.8 |  |  | $ | 156.9 |  |  | $ | 4,533.0 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 1,343.2 |  |  | $ | 1,187.0 |  |  | $ | 1,373.6 |  |  | $ | 97.4 |  |  | $ | 4,001.2 |
Goods and services transferred over time(2) |  | 142.8 |  |  | 138.3 |  |  | 191.2 |  |  | 59.5 |  |  | 531.8 |
|  | $ | 1,486.0 |  |  | $ | 1,325.3 |  |  | $ | 1,564.8 |  |  | $ | 156.9 |  |  | $ | 4,533.0 |
|  | Three Months Ended June 30, 2019
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other(1) |  | Total
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |
New vehicle |  | $ | 894.5 |  |  | $ | 916.1 |  |  | $ | 959.0 |  |  | $ | — |  |  | $ | 2,769.6 |
Used vehicle |  | 447.0 |  |  | 388.0 |  |  | 507.8 |  |  | 36.6 |  |  | 1,379.4 |
Parts and service |  | 241.2 |  |  | 229.2 |  |  | 285.7 |  |  | 145.4 |  |  | 901.5 |
Finance and insurance, net |  | 89.8 |  |  | 91.4 |  |  | 68.4 |  |  | 5.6 |  |  | 255.2 |
Other |  | 34.8 |  |  | 2.6 |  |  | — |  |  | 0.7 |  |  | 38.1 |
|  | $ | 1,707.3 |  |  | $ | 1,627.3 |  |  | $ | 1,820.9 |  |  | $ | 188.3 |  |  | $ | 5,343.8 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 1,528.4 |  |  | $ | 1,445.3 |  |  | $ | 1,577.7 |  |  | $ | 98.7 |  |  | $ | 4,650.1 |
Goods and services transferred over time(2) |  | 178.9 |  |  | 182.0 |  |  | 243.2 |  |  | 89.6 |  |  | 693.7 |
|  | $ | 1,707.3 |  |  | $ | 1,627.3 |  |  | $ | 1,820.9 |  |  | $ | 188.3 |  |  | $ | 5,343.8 |
|  | Six Months Ended June 30, 2020
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other(1) |  | Total
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |
New vehicle |  | $ | 1,500.6 |  |  | $ | 1,446.5 |  |  | $ | 1,596.1 |  |  | $ | — |  |  | $ | 4,543.2 |
Used vehicle |  | 841.4 |  |  | 690.3 |  |  | 957.6 |  |  | 83.9 |  |  | 2,573.2 |
Parts and service |  | 428.9 |  |  | 377.9 |  |  | 500.6 |  |  | 258.8 |  |  | 1,566.2 |
Finance and insurance, net |  | 171.1 |  |  | 166.4 |  |  | 127.3 |  |  | 17.4 |  |  | 482.2 |
Other |  | 27.5 |  |  | 6.3 |  |  | — |  |  | 1.4 |  |  | 35.2 |
|  | $ | 2,969.5 |  |  | $ | 2,687.4 |  |  | $ | 3,181.6 |  |  | $ | 361.5 |  |  | $ | 9,200.0 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 2,654.6 |  |  | $ | 2,387.5 |  |  | $ | 2,753.8 |  |  | $ | 206.7 |  |  | $ | 8,002.6 |
Goods and services transferred over time(2) |  | 314.9 |  |  | 299.9 |  |  | 427.8 |  |  | 154.8 |  |  | 1,197.4 |
|  | $ | 2,969.5 |  |  | $ | 2,687.4 |  |  | $ | 3,181.6 |  |  | $ | 361.5 |  |  | $ | 9,200.0 |
|  | Six Months Ended June 30, 2019
|  | Domestic |  | Import |  | Premium Luxury |  | Corporate and other(1) |  | Total
Major Goods/Service Lines |  |  |  |  |  |  |  |  |  |
New vehicle |  | $ | 1,675.5 |  |  | $ | 1,736.3 |  |  | $ | 1,854.5 |  |  | $ | — |  |  | $ | 5,266.3 |
Used vehicle |  | 890.4 |  |  | 757.5 |  |  | 1,004.5 |  |  | 66.6 |  |  | 2,719.0 |
Parts and service |  | 477.5 |  |  | 449.4 |  |  | 563.9 |  |  | 287.4 |  |  | 1,778.2 |
Finance and insurance, net |  | 170.2 |  |  | 175.9 |  |  | 130.0 |  |  | 15.6 |  |  | 491.7 |
Other |  | 62.5 |  |  | 4.3 |  |  | 2.1 |  |  | 1.5 |  |  | 70.4 |
|  | $ | 3,276.1 |  |  | $ | 3,123.4 |  |  | $ | 3,555.0 |  |  | $ | 371.1 |  |  | $ | 10,325.6 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Goods and services transferred at a point in time |  | $ | 2,926.5 |  |  | $ | 2,770.1 |  |  | $ | 3,074.9 |  |  | $ | 191.4 |  |  | $ | 8,962.9 |
Goods and services transferred over time(2) |  | 349.6 |  |  | 353.3 |  |  | 480.1 |  |  | 179.7 |  |  | 1,362.7 |
|  | $ | 3,276.1 |  |  | $ | 3,123.4 |  |  | $ | 3,555.0 |  |  | $ | 371.1 |  |  | $ | 10,325.6 |
(1) “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.
(2) Represents revenue recognized during the period for automotive repair and maintenance services.
Receivables from Contracts with Customers, Contract Assets, and Contract Liabilities | The following table provides the balances of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:
| June 30, 2020 |  | December 31, 2019
Receivables from contracts with customers, net | $ | 493.4 |  |  | $ | 662.0 |
Contract Asset (Current) | $ | 21.7 |  |  | $ | 26.7 |
Contract Asset (Long-Term) | $ | 2.3 |  |  | $ | 7.0 |
Contract Liability (Current) | $ | 32.3 |  |  | $ | 32.6 |
Contract Liability (Long-Term) | $ | 55.5 |  |  | $ | 57.7 |
The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration that was constrained for performance obligations satisfied in previous periods. The following table presents revenue recognized during the period from amounts included in the contract liability balance at the beginning of the period and performance obligations satisfied in previous periods:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Amounts included in contract liability at the beginning of the period | $ | 10.3 |  |  | $ | 8.5 |  |  | $ | 18.8 |  |  | $ | 21.5 |
Performance obligations satisfied in previous periods | $ | 3.9 |  |  | $ | 2.3 |  |  | $ | 3.9 |  |  | $ | 6.9 |
Other significant changes include contract assets reclassified to receivables of $24.4 million for the six months ended June 30, 2020, and $27.0 million for the six months ended June 30, 2019.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:
|  | Revenue Expected to Be Recognized by Period
|  | Total |  | Less Than 1 Year |  | 1 - 3 Years |  | 3 - 5 Years
Revenue expected to be recognized on VCP contracts sold as of period end |  | $ | 87.2 |  |  | $ | 29.3 |  |  | $ | 43.5 |  |  | $ | 14.4 |

X
- Definition Tabular disclosure of contract balances and changes in contract balances. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130556-203045 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration