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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	923.0					$	1,011.2					$	1,346.8					$	—					$	3,281.0
Used vehicle						619.0						563.2						756.9						148.9						2,088.0
Parts and service						298.7						291.3						400.3						155.0						1,145.3
Finance and insurance, net						114.3						128.0						115.8						11.4						369.5
Other						0.5						4.0						0.7						1.1						6.3
						$	1,955.5					$	1,997.7					$	2,620.5					$	316.4					$	6,890.1
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	1,740.1					$	1,771.5					$	2,278.3					$	210.6					$	6,000.5
Goods and services transferred over time(2)						215.4						226.2						342.2						105.8						889.6
						$	1,955.5					$	1,997.7					$	2,620.5					$	316.4					$	6,890.1

						Three Months Ended June 30, 2022
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	858.1					$	852.4					$	1,225.3					$	—					$	2,935.8
Used vehicle						786.8						699.6						904.6						129.4						2,520.4
Parts and service						275.5						266.3						367.0						127.5						1,036.3
Finance and insurance, net						119.4						125.7						118.4						4.1						367.6
Other						1.1						5.7						1.3						1.0						9.1
						$	2,040.9					$	1,949.7					$	2,616.6					$	262.0					$	6,869.2
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	1,848.7					$	1,748.9					$	2,311.4					$	179.5					$	6,088.5
Goods and services transferred over time(2)						192.2						200.8						305.2						82.5						780.7
						$	2,040.9					$	1,949.7					$	2,616.6					$	262.0					$	6,869.2

						Six Months Ended June 30, 2023
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	1,751.0					$	1,867.6					$	2,594.3					$	—					$	6,212.9
Used vehicle						1,231.3						1,105.3						1,502.7						281.3						4,120.6
Parts and service						586.3						559.7						786.5						302.6						2,235.1
Finance and insurance, net						216.6						240.4						220.8						24.1						701.9
Other						1.4						14.0						1.1						1.8						18.3
						$	3,786.6					$	3,787.0					$	5,105.4					$	609.8					$	13,288.8
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	3,369.4					$	3,358.4					$	4,437.7					$	405.3					$	11,570.8
Goods and services transferred over time(2)						417.2						428.6						667.7						204.5						1,718.0
						$	3,786.6					$	3,787.0					$	5,105.4					$	609.8					$	13,288.8

						Six Months Ended June 30, 2022
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	1,680.6					$	1,734.0					$	2,328.4					$	—					$	5,743.0
Used vehicle						1,609.9						1,407.2						1,820.7						255.0						5,092.8
Parts and service						544.2						521.8						718.9						255.3						2,040.2
Finance and insurance, net						238.6						252.1						225.6						15.2						731.5
Other						2.0						8.7						1.7						2.1						14.5
						$	4,075.3					$	3,923.8					$	5,095.3					$	527.6					$	13,622.0
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	3,699.3					$	3,532.8					$	4,497.7					$	366.1					$	12,095.9
Goods and services transferred over time(2)						376.0						391.0						597.6						161.5						1,526.1
						$	4,075.3					$	3,923.8					$	5,095.3					$	527.6					$	13,622.0

(1) “Corporate and other” is comprised of our other businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and RepairSmith, our mobile automotive repair and maintenance business.

(2) Represents revenue recognized during the period for automotive repair and maintenance services.

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						Next 12 Months						13 - 36 Months						37 - 60 Months
Revenue expected to be recognized on VCP contracts sold as of period end						$	102.8					$	35.4					$	49.9					$	17.5

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, 2023						December 31, 2022
Receivables from contracts with customers, net			$	593.4					$	634.5
Contract Asset (Current)			$	17.9					$	27.7
Contract Asset (Long-Term)			$	3.2					$	8.6
Contract Liability (Current)			$	41.4					$	41.8
Contract Liability (Long-Term)			$	67.5					$	66.6

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 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 adjustments to revenue related to performance obligations satisfied in previous periods:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Amounts included in contract liability at the beginning of the period			$	9.0					$	8.8					$	18.4					$	17.8
Performance obligations satisfied in previous periods			$	(0.3)					$	0.9					$	(2.6)					$	4.7

Other significant changes include contract assets reclassified to receivables of $28.7 million for the six months ended June 30, 2023, and $30.5 million for the six months ended June 30, 2022.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- 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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045

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