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Condensed Consolidated Financial Information Condensed Consolidated Financial Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Condensed Income Statements, Captions [Line Items] |
Condensed Balance Sheet [Table Text Block] | CONDENSED CONSOLIDATED BALANCE SHEET March 31, 2018
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (Unaudited, in thousands)
ASSETS
CURRENT ASSETS: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 8,874 |  |  | $ | 24,216 |  |  | $ | — |  |  | $ | 33,090 |
Contracts-in-transit and vehicle receivables, net | — |  |  | 209,364 |  |  | 88,521 |  |  | — |  |  | 297,885 |
Accounts and notes receivable, net | — |  |  | 140,243 |  |  | 59,916 |  |  | — |  |  | 200,159 |
Intercompany accounts receivable | 28,035 |  |  | 40,271 |  |  | — |  |  | (68,306 | ) |  | — |
Inventories, net | — |  |  | 1,438,626 |  |  | 365,550 |  |  | — |  |  | 1,804,176 |
Prepaid expenses and other current assets | — |  |  | 28,151 |  |  | 49,737 |  |  | — |  |  | 77,888 |
Total current assets | 28,035 |  |  | 1,865,529 |  |  | 587,940 |  |  | (68,306 | ) |  | 2,413,198 |
PROPERTY AND EQUIPMENT, net | — |  |  | 1,127,632 |  |  | 230,238 |  |  | — |  |  | 1,357,870 |
GOODWILL | — |  |  | 849,485 |  |  | 110,625 |  |  | — |  |  | 960,110 |
INTANGIBLE FRANCHISE RIGHTS | — |  |  | 257,281 |  |  | 38,345 |  |  | — |  |  | 295,626 |
INVESTMENT IN SUBSIDIARIES | 3,017,378 |  |  | — |  |  | — |  |  | (3,017,378 | ) |  | — |
OTHER ASSETS | — |  |  | 19,943 |  |  | 11,731 |  |  | — |  |  | 31,674 |
Total assets | $ | 3,045,413 |  |  | $ | 4,119,870 |  |  | $ | 978,879 |  |  | $ | (3,085,684 | ) |  | $ | 5,058,478 |
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |
Floorplan notes payable — credit facility and other | $ | — |  |  | $ | 1,161,401 |  |  | $ | 38,340 |  |  | $ | — |  |  | $ | 1,199,741 |
Offset account related to floorplan notes payable - credit facility | — |  |  | (74,359 | ) |  | — |  |  | — |  |  | (74,359 | )
Floorplan notes payable — manufacturer affiliates | — |  |  | 286,320 |  |  | 133,995 |  |  | — |  |  | 420,315 |
Offset account related to floorplan notes payable - manufacturer affiliates | — |  |  | (24,000 | ) |  | — |  |  | — |  |  | (24,000 | )
Current maturities of long-term debt and short-term financing | — |  |  | 46,207 |  |  | 11,988 |  |  | — |  |  | 58,195 |
Current liabilities from interest rate risk management activities | — |  |  | 1,177 |  |  | — |  |  | — |  |  | 1,177 |
Accounts payable | — |  |  | 217,150 |  |  | 274,691 |  |  | — |  |  | 491,841 |
Intercompany accounts payable | 904,425 |  |  | — |  |  | 68,306 |  |  | (972,731 | ) |  | — |
Accrued expenses | 696 |  |  | 159,784 |  |  | 33,768 |  |  | — |  |  | 194,248 |
Total current liabilities | 905,121 |  |  | 1,773,680 |  |  | 561,088 |  |  | (972,731 | ) |  | 2,267,158 |
LONG-TERM DEBT, net of current maturities | 866,803 |  |  | 373,977 |  |  | 135,990 |  |  | — |  |  | 1,376,770 |
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES | — |  |  | 3,512 |  |  | — |  |  | — |  |  | 3,512 |
DEFERRED INCOME TAXES AND OTHER LIABILITIES | 855 |  |  | 218,811 |  |  | 13,293 |  |  | — |  |  | 232,959 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Group 1 stockholders’ equity | 1,272,634 |  |  | 2,654,315 |  |  | 268,508 |  |  | (3,017,378 | ) |  | 1,178,079 |
Intercompany note receivable | — |  |  | (904,425 | ) |  | — |  |  | 904,425 |  |  | — |
Total stockholders’ equity | 1,272,634 |  |  | 1,749,890 |  |  | 268,508 |  |  | (2,112,953 | ) |  | 1,178,079 |
Total liabilities and stockholders’ equity | $ | 3,045,413 |  |  | $ | 4,119,870 |  |  | $ | 978,879 |  |  | $ | (3,085,684 | ) |  | $ | 5,058,478 |
CONDENSED CONSOLIDATED BALANCE SHEET December 31, 2017
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (In thousands)
ASSETS
CURRENT ASSETS: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | — |  |  | $ | 10,096 |  |  | $ | 18,691 |  |  | $ | — |  |  | $ | 28,787 |
Contracts-in-transit and vehicle receivables, net | — |  |  | 266,788 |  |  | 39,645 |  |  | — |  |  | 306,433 |
Accounts and notes receivable, net | — |  |  | 144,872 |  |  | 43,739 |  |  | — |  |  | 188,611 |
Intercompany accounts receivable | 26,988 |  |  | 12,948 |  |  | — |  |  | (39,936 | ) |  | — |
Inventories, net | — |  |  | 1,434,852 |  |  | 328,441 |  |  | — |  |  | 1,763,293 |
Prepaid expenses and other current assets | 1,934 |  |  | 8,378 |  |  | 31,750 |  |  | — |  |  | 42,062 |
Total current assets | 28,922 |  |  | 1,877,934 |  |  | 462,266 |  |  | (39,936 | ) |  | 2,329,186 |
PROPERTY AND EQUIPMENT, net | — |  |  | 1,121,108 |  |  | 197,851 |  |  | — |  |  | 1,318,959 |
GOODWILL | — |  |  | 835,268 |  |  | 77,766 |  |  | — |  |  | 913,034 |
INTANGIBLE FRANCHISE RIGHTS | — |  |  | 255,980 |  |  | 29,652 |  |  | — |  |  | 285,632 |
INVESTMENT IN SUBSIDIARIES | 2,999,407 |  |  | — |  |  | — |  |  | (2,999,407 | ) |  | — |
OTHER ASSETS | — |  |  | 13,682 |  |  | 10,572 |  |  | — |  |  | 24,254 |
Total assets | $ | 3,028,329 |  |  | $ | 4,103,972 |  |  | $ | 778,107 |  |  | $ | (3,039,343 | ) |  | $ | 4,871,065 |
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES: |  |  |  |  |  |  |  |  |
Floorplan notes payable — credit facility and other | $ | — |  |  | $ | 1,219,844 |  |  | $ | 20,851 |  |  | $ | — |  |  | $ | 1,240,695 |
Offset account related to floorplan notes payable - credit facility | — |  |  | (86,547 | ) |  | — |  |  | — |  |  | (86,547 | )
Floorplan notes payable — manufacturer affiliates | — |  |  | 272,563 |  |  | 124,620 |  |  | — |  |  | 397,183 |
Offset account related to floorplan notes payable - manufacturer affiliates | — |  |  | (22,500 | ) |  | — |  |  | — |  |  | (22,500 | )
Current maturities of long-term debt and short-term financing | 24,741 |  |  | 31,229 |  |  | 21,639 |  |  | — |  |  | 77,609 |
Current liabilities from interest rate risk management activities | — |  |  | 1,996 |  |  | — |  |  | — |  |  | 1,996 |
Accounts payable | — |  |  | 229,470 |  |  | 183,511 |  |  | — |  |  | 412,981 |
Intercompany accounts payable | 890,995 |  |  | — |  |  | 39,936 |  |  | (930,931 | ) |  | — |
Accrued expenses | — |  |  | 150,241 |  |  | 26,829 |  |  | — |  |  | 177,070 |
Total current liabilities | 915,736 |  |  | 1,796,296 |  |  | 417,386 |  |  | (930,931 | ) |  | 2,198,487 |
LONG-TERM DEBT, net of current maturities | 865,202 |  |  | 360,526 |  |  | 92,456 |  |  | — |  |  | 1,318,184 |
LIABILITIES FROM INTEREST RATE RISK MANAGEMENT ACTIVITIES | — |  |  | 8,583 |  |  | — |  |  | — |  |  | 8,583 |
DEFERRED INCOME TAXES AND OTHER LIABILITIES | (117 | ) |  | 210,216 |  |  | 11,430 |  |  | — |  |  | 221,529 |
STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |
Group 1 stockholders’ equity | 1,247,508 |  |  | 2,619,346 |  |  | 256,835 |  |  | (2,999,407 | ) |  | 1,124,282 |
Intercompany note receivable | — |  |  | (890,995 | ) |  | — |  |  | 890,995 |  |  | — |
Total stockholders’ equity | 1,247,508 |  |  | 1,728,351 |  |  | 256,835 |  |  | (2,108,412 | ) |  | 1,124,282 |
Total liabilities and stockholders’ equity | $ | 3,028,329 |  |  | $ | 4,103,972 |  |  | $ | 778,107 |  |  | $ | (3,039,343 | ) |  | $ | 4,871,065 |
Condensed Income Statement [Table Text Block] | CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2018
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (Unaudited, in thousands)
REVENUES | $ | — |  |  | $ | 2,088,487 |  |  | $ | 771,539 |  |  | $ | — |  |  | $ | 2,860,026 |
COST OF SALES | — |  |  | 1,752,802 |  |  | 687,461 |  |  | — |  |  | 2,440,263 |
GROSS PROFIT | — |  |  | 335,685 |  |  | 84,078 |  |  | — |  |  | 419,763 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 1,768 |  |  | 249,165 |  |  | 73,414 |  |  | — |  |  | 324,347 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 12,881 |  |  | 3,461 |  |  | — |  |  | 16,342 |
ASSET IMPAIRMENTS | — |  |  | — |  |  | — |  |  | — |  |  | — |
INCOME (LOSS) FROM OPERATIONS | (1,768 | ) |  | 73,639 |  |  | 7,203 |  |  | — |  |  | 79,074 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (12,337 | ) |  | (1,750 | ) |  | — |  |  | (14,087 | )
Other interest expense, net | — |  |  | (17,017 | ) |  | (1,803 | ) |  | — |  |  | (18,820 | )
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | (1,768 | ) |  | 44,285 |  |  | 3,650 |  |  | — |  |  | 46,167 |
BENEFIT (PROVISION) FOR INCOME TAXES | 424 |  |  | (9,780 | ) |  | (997 | ) |  | — |  |  | (10,353 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 37,158 |  |  | — |  |  | — |  |  | (37,158 | ) |  | — |
NET INCOME (LOSS) | $ | 35,814 |  |  | $ | 34,505 |  |  | $ | 2,653 |  |  | $ | (37,158 | ) |  | $ | 35,814 |
OTHER COMPREHENSIVE INCOME | — |  |  | 9,405 |  |  | 7,871 |  |  | — |  |  | 17,276 |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 35,814 |  |  | $ | 43,910 |  |  | $ | 10,524 |  |  | $ | (37,158 | ) |  | $ | 53,090 |
CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2017
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Elimination |  | Total Company
| (Unaudited, in thousands)
REVENUES | $ | — |  |  | $ | 1,967,718 |  |  | $ | 551,111 |  |  | $ | — |  |  | $ | 2,518,829 |
COST OF SALES | — |  |  | 1,647,123 |  |  | 488,184 |  |  | — |  |  | 2,135,307 |
GROSS PROFIT | — |  |  | 320,595 |  |  | 62,927 |  |  | — |  |  | 383,522 |
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES | 1,966 |  |  | 232,611 |  |  | 55,202 |  |  | — |  |  | 289,779 |
DEPRECIATION AND AMORTIZATION EXPENSE | — |  |  | 11,567 |  |  | 2,039 |  |  | — |  |  | 13,606 |
INCOME (LOSS) FROM OPERATIONS | (1,966 | ) |  | 76,417 |  |  | 5,686 |  |  | — |  |  | 80,137 |
OTHER EXPENSE: |  |  |  |  |  |  |  |  |
Floorplan interest expense | — |  |  | (10,878 | ) |  | (1,064 | ) |  | — |  |  | (11,942 | )
Other interest expense, net | — |  |  | (16,274 | ) |  | (725 | ) |  | — |  |  | (16,999 | )
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF SUBSIDIARIES | (1,966 | ) |  | 49,265 |  |  | 3,897 |  |  | — |  |  | 51,196 |
BENEFIT (PROVISION) FOR INCOME TAXES | 737 |  |  | (17,084 | ) |  | (910 | ) |  | — |  |  | (17,257 | )
EQUITY IN EARNINGS OF SUBSIDIARIES | 35,167 |  |  | — |  |  | — |  |  | (35,167 | ) |  | — |
NET INCOME (LOSS) | $ | 33,938 |  |  | $ | 32,181 |  |  | $ | 2,987 |  |  | $ | (35,167 | ) |  | $ | 33,939 |
OTHER COMPREHENSIVE INCOME | — |  |  | 2,658 |  |  | 4,137 |  |  | — |  |  | 6,795 |
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO PARENT | $ | 33,938 |  |  | $ | 34,839 |  |  | $ | 7,124 |  |  | $ | (35,167 | ) |  | $ | 40,734 |
Condensed Cash Flow Statement [Table Text Block] | CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2018
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Total Company
| (Unaudited, in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
Net cash provided by (used in) operating activities | $ | 35,814 |  |  | $ | 114,862 |  |  | $ | (1,894 | ) |  | $ | 148,782 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |
Cash paid in acquisitions, net of cash received | — |  |  | (31,414 | ) |  | (40,085 | ) |  | (71,499 | )
Proceeds from disposition of franchises, property and equipment | — |  |  | 918 |  |  | 2,022 |  |  | 2,940 |
Purchases of property and equipment, including real estate | — |  |  | (34,101 | ) |  | (13,847 | ) |  | (47,948 | )
Other | — |  |  | 140 |  |  | — |  |  | 140 |
Net cash used in investing activities | — |  |  | (64,457 | ) |  | (51,910 | ) |  | (116,367 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |
Borrowings on credit facility - floorplan line and other | — |  |  | 1,612,866 |  |  | 43,326 |  |  | 1,656,192 |
Repayments on credit facility - floorplan line and other | — |  |  | (1,675,917 | ) |  | (26,530 | ) |  | (1,702,447 | )
Borrowings on credit facility - acquisition line | 66,945 |  |  | — |  |  | — |  |  | 66,945 |
Repayments on credit facility - acquisition line | (66,444 | ) |  | — |  |  | — |  |  | (66,444 | )
Borrowings on other debt | — |  |  | 43,326 |  |  | 22,288 |  |  | 65,614 |
Principal payments on other debt | (24,742 | ) |  | (1,987 | ) |  | (13,349 | ) |  | (40,078 | )
Borrowings on debt related to real estate | — |  |  | 34,817 |  |  | 12,018 |  |  | 46,835 |
Principal payments on debt related to real estate | — |  |  | (31,000 | ) |  | (6,819 | ) |  | (37,819 | )
Employee stock purchase plan purchases, net of employee tax withholdings | (1,638 | ) |  | — |  |  | — |  |  | (1,638 | )
Repurchases of common stock, amounts based on settlement date | (9,199 | ) |  | — |  |  | — |  |  | (9,199 | )
Dividends paid | (5,495 | ) |  | — |  |  | — |  |  | (5,495 | )
Borrowings (repayments) with subsidiaries | 22,730 |  |  | (50,554 | ) |  | 27,824 |  |  | — |
Investment in subsidiaries | (17,971 | ) |  | 16,822 |  |  | 1,149 |  |  | — |
Net cash provided by (used in) financing activities | (35,814 | ) |  | (51,627 | ) |  | 59,907 |  |  | (27,534 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | 47 |  |  | 47 |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | — |  |  | (1,222 | ) |  | 6,150 |  |  | 4,928 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period | — |  |  | 10,096 |  |  | 19,535 |  |  | 29,631 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period | $ | — |  |  | $ | 8,874 |  |  | $ | 25,685 |  |  | $ | 34,559 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS Three Months Ended March 31, 2017
| Group 1 Automotive, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Total Company
| (Unaudited, in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 33,939 |  |  | $ | 23,409 |  |  | $ | 11,869 |  |  | $ | 69,217 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |
Cash paid in acquisitions, net of cash received | — |  |  | — |  |  | (95 | ) |  | (95 | )
Proceeds from disposition of franchises, property and equipment | — |  |  | 181 |  |  | 2,026 |  |  | 2,207 |
Purchases of property and equipment, including real estate | — |  |  | (43,091 | ) |  | (3,360 | ) |  | (46,451 | )
Other | — |  |  | 2,459 |  |  | — |  |  | 2,459 |
Net cash used in investing activities | — |  |  | (40,451 | ) |  | (1,429 | ) |  | (41,880 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |
Borrowings on credit facility - floorplan line and other | — |  |  | 1,580,590 |  |  | 13,781 |  |  | 1,594,371 |
Repayments on credit facility - floorplan line and other | — |  |  | (1,586,075 | ) |  | (12,216 | ) |  | (1,598,291 | )
Borrowings on credit facility - acquisition line | 15,000 |  |  | — |  |  | — |  |  | 15,000 |
Repayments on credit facility - acquisition line | (15,000 | ) |  | — |  |  | — |  |  | (15,000 | )
Principal payments on other debt | — |  |  | (232 | ) |  | — |  |  | (232 | )
Principal payments on debt related to real estate | — |  |  | (5,589 | ) |  | (1,242 | ) |  | (6,831 | )
Employee stock purchase plan purchases, net of employee tax withholdings | (1,030 | ) |  | — |  |  | — |  |  | (1,030 | )
Dividends paid | (5,150 | ) |  | — |  |  | — |  |  | (5,150 | )
Borrowings (repayments) with subsidiaries | (70,250 | ) |  | 68,483 |  |  | 1,767 |  |  | — |
Investment in subsidiaries | 42,491 |  |  | (42,498 | ) |  | 7 |  |  | — |
Net cash provided by (used in) financing activities | (33,939 | ) |  | 14,679 |  |  | 2,097 |  |  | (17,163 | )
EFFECT OF EXCHANGE RATE CHANGES ON CASH | — |  |  | — |  |  | 260 |  |  | 260 |
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | — |  |  | (2,363 | ) |  | 12,797 |  |  | 10,434 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period | — |  |  | 8,039 |  |  | 16,207 |  |  | 24,246 |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period | $ | — |  |  | $ | 5,676 |  |  | $ | 29,004 |  |  | $ | 34,680 |

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