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Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
TOTAL REVENUE $ 6,892.7 $ 6,666.0 $ 20,181.5 $ 20,288.0
TOTAL COST OF SALES 5,598.1 5,353.2 16,265.2 16,304.6
TOTAL GROSS PROFIT 1,294.6 1,312.8 3,916.3 3,983.4
Selling, general, and administrative expenses 819.3 763.2 2,444.9 2,259.4
Depreciation and amortization 55.7 50.1 163.1 148.9
Other (income) expense, net 0.1 (23.0) 6.3 (24.5)
OPERATING INCOME 419.5 522.5 1,302.0 1,599.6
Non-operating income (expense) items:        
Floorplan interest expense (38.3) (10.7) (98.2) (21.7)
Other interest expense (48.8) (33.7) (135.9) (97.4)
Other income (loss), net (5.0) (4.6) 4.6 (24.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 327.4 473.5 1,072.5 1,455.8
Income tax provision 83.7 120.8 268.5 364.5
NET INCOME FROM CONTINUING OPERATIONS 243.7 352.7 804.0 1,091.3
Income (loss) from discontinued operations, net of income taxes 0.0 (0.1) 0.9 (0.3)
NET INCOME $ 243.7 $ 352.6 $ 804.9 $ 1,091.0
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 5.59 $ 6.35 $ 17.75 $ 18.65
Discontinued operations (in dollars per share) [1] 0 0 0.02 (0.01)
Net income (in dollars per share) [1] $ 5.59 $ 6.35 $ 17.77 $ 18.65
Weighted average common shares outstanding (in shares) 43.6 55.5 45.3 58.5
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) [1] $ 5.54 $ 6.31 $ 17.63 $ 18.53
Discontinued operations (in dollars per share) [1] 0 0 0.02 (0.01)
Net income (in dollars per share) [1] $ 5.54 $ 6.31 $ 17.65 $ 18.52
Weighted average common shares outstanding (in shares) 44.0 55.9 45.6 58.9
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 42.8 52.3 42.8 52.3
New vehicle        
TOTAL REVENUE $ 3,187.6 $ 2,863.9 $ 9,400.5 $ 8,606.9
TOTAL COST OF SALES 2,936.9 2,534.2 8,575.2 7,578.7
TOTAL GROSS PROFIT 250.7 329.7 825.3 1,028.2
Used vehicle        
TOTAL REVENUE 2,172.1 2,401.7 6,292.7 7,494.5
TOTAL COST OF SALES 2,044.3 2,259.7 5,876.2 7,059.4
TOTAL GROSS PROFIT 127.8 142.0 416.5 435.1
Parts and service        
TOTAL REVENUE 1,157.4 1,032.1 3,392.5 3,072.3
TOTAL COST OF SALES 611.6 553.5 1,793.1 1,650.9
TOTAL GROSS PROFIT 545.8 478.6 1,599.4 1,421.4
Finance and insurance, net        
TOTAL REVENUE 369.5 360.7 1,071.4 1,092.2
TOTAL GROSS PROFIT 369.5 360.7 1,071.4 1,092.2
Other        
TOTAL REVENUE 6.1 7.6 24.4 22.1
TOTAL COST OF SALES 5.3 5.8 20.7 15.6
TOTAL GROSS PROFIT $ 0.8 $ 1.8 $ 3.7 $ 6.5
[1] (1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding.