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Segment Information
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
At December 31, 2023, 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 Stellantis. Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, Audi, 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 AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, our mobile automotive repair and maintenance business, and our auto finance company, all of which do not meet the quantitative thresholds for reportable segments, as well as unallocated corporate overhead expenses and other income items.
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, 2023
DomesticImportPremium LuxuryCorporate and otherTotal
Revenues from external customers$7,573.2 $7,880.9 $10,266.4 $1,228.4 $26,948.9 
Floorplan interest expense$57.3 $21.5 $53.9 $12.0 $144.7 
Depreciation and amortization$43.6 $39.2 $76.9 $60.8 $220.5 
Segment income (loss)(1)
$415.4 $635.0 $836.5 $(379.7)$1,507.2 
Capital expenditures(2)
$102.0 $106.6 $69.4 $138.0 $416.0 
Segment assets$2,507.7 $2,034.6 $3,506.8 $3,930.9 $11,980.0 
Year Ended December 31, 2022
DomesticImportPremium LuxuryCorporate and otherTotal
Revenues from external customers$7,987.5 $7,690.3 $10,278.1 $1,029.1 $26,985.0 
Floorplan interest expense$14.4 $4.8 $15.0 $7.2 $41.4 
Depreciation and amortization$39.1 $35.6 $74.9 $50.7 $200.3 
Segment income (loss)(1)
$565.3 $734.2 $969.1 $(285.5)$1,983.1 
Capital expenditures(2)
$32.8 $70.1 $126.5 $106.8 $336.2 
Segment assets$1,974.3 $1,555.6 $2,996.8 $3,533.0 $10,059.7 
Year Ended December 31, 2021
DomesticImportPremium LuxuryCorporate and otherTotal
Revenues from external customers$7,959.9 $7,798.5 $9,229.9 $855.7 $25,844.0 
Floorplan interest expense$7.9 $5.1 $8.8 $3.9 $25.7 
Depreciation and amortization$39.3 $33.9 $64.8 $55.3 $193.3 
Segment income (loss)(1)
$595.8 $714.7 $837.4 $(270.8)$1,877.1 
Capital expenditures(2)
$15.5 $27.1 $80.0 $109.3 $231.9 
Segment assets$1,758.5 $1,424.2 $2,668.6 $3,092.3 $8,943.6 
(1) Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.
(2) Includes accrued construction in progress and excludes property associated with leases entered during the year.
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,
 202320222021
Total external revenues for reportable segments$25,720.5 $25,955.9 $24,988.3 
Corporate and other revenues1,228.4 1,029.1 855.7 
Total consolidated revenues
$26,948.9 $26,985.0 $25,844.0 
 Years Ended December 31,
 202320222021
Total segment income for reportable segments$1,886.9 $2,268.6 $2,147.9 
Corporate and other(379.7)(285.5)(270.8)
Other interest expense(181.4)(134.9)(93.0)
Other income (loss), net24.4 (14.7)24.3 
Income from continuing operations before income taxes$1,350.2 $1,833.5 $1,808.4