XML 126 R110.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information - Reportable Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]                      
Revenues $ 2,908,812 $ 2,889,058 $ 2,943,462 $ 2,860,026 $ 2,920,405 $ 3,012,292 $ 2,672,195 $ 2,518,829 $ 11,601,358 $ 11,123,721 $ 10,887,612
Gross profit 432,066 435,101 438,163 419,763 425,675 431,420 404,892 383,522 1,725,093 1,645,509 1,595,069
Selling, general and administrative expenses                 1,273,057 1,226,195 1,170,763
Depreciation and amortization                 67,070 57,936 51,234
Asset impairments 16,500 23,200 4,300   10,000 9,500     43,883 19,506 32,838
Floorplan interest expense                 (59,882) (52,372) (44,927)
Other interest expense, net                 (75,798) (70,497) (67,936)
Income (loss) before income taxes                 205,403 219,003 227,371
Benefit (provision) for income taxes                 (47,631) (5,561) (80,306)
Net income (loss) 30,718 $ 34,777 56,463 $ 35,814 110,489 29,881 $ 39,133 $ 33,939 157,772 213,442 147,065
Capital expenditures                 110,144 98,301 100,606
Goodwill and intangible franchise rights 1,223,555       1,198,666       1,223,555 1,198,666  
Total assets 5,001,075       4,871,065       5,001,075 4,871,065  
Chargeback reserves for finance and insurance revenues related to catastrophic events           $ 14,700          
Net pre-tax gain (loss) on dealership dispositions     $ 20,200                
Tax benefit associated with the Tax Act                 (575) (73,028) 0
Foreign deferred income tax benefit                 10 3,046 6,420
Pre-Tax                      
Segment Reporting Information [Line Items]                      
Net pre-tax gain (loss) on dealership dispositions                 25,200    
U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 8,723,257 8,680,565 8,734,672
Gross profit                 1,391,306 1,365,314 1,355,349
Selling, general and administrative expenses                 982,064 983,974 965,139
Depreciation and amortization                 52,881 48,285 43,472
Asset impairments                 43,398 12,762 21,794
Floorplan interest expense                 (52,773) (47,221) (40,444)
Other interest expense, net                 (68,085) (66,493) (62,320)
Income (loss) before income taxes                 192,105 206,579 222,180
Benefit (provision) for income taxes                 (43,734) (5,679) (82,541)
Net income (loss)                 148,371 200,900 139,639
Capital expenditures                 90,530 77,477 86,692
Goodwill and intangible franchise rights 1,086,022       1,091,248       1,086,022 1,091,248  
Total assets 4,113,049       4,087,039       4,113,049 4,087,039  
Net pre-tax gain (loss) on dealership dispositions                     2,700
Tax benefit associated with the Tax Act                   73,000  
U.S. | Pre-Tax                      
Segment Reporting Information [Line Items]                      
Chargeback reserves for finance and insurance revenues related to catastrophic events                   6,600  
Net pre-tax gain (loss) on dealership dispositions                     2,700
Pre-tax gain on settlement                 1,300 1,800 11,700
Loss due to catastrophic events                 6,400 8,800 5,900
Severance costs                     1,800
U.S. | After-Tax                      
Segment Reporting Information [Line Items]                      
Net pre-tax gain (loss) on dealership dispositions                     1,700
U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 2,437,385 1,986,003 1,723,155
Gross profit                 279,902 225,253 192,982
Selling, general and administrative expenses                 240,403 191,570 158,636
Depreciation and amortization                 12,586 8,198 6,594
Asset impairments                 485 0 201
Floorplan interest expense                 (6,322) (4,727) (4,222)
Other interest expense, net                 (6,797) (3,664) (5,197)
Income (loss) before income taxes                 13,309 17,094 18,132
Benefit (provision) for income taxes                 (2,549) (2,142) (3,697)
Net income (loss)                 10,760 14,952 14,435
Capital expenditures                 16,947 19,944 12,602
Goodwill and intangible franchise rights 122,679       94,517       122,679 94,517  
Total assets 756,350       654,154       756,350 654,154  
Net pre-tax gain (loss) on dealership dispositions                     (300)
Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 440,716 457,153 429,785
Gross profit                 53,885 54,942 46,738
Selling, general and administrative expenses                 50,590 50,651 46,988
Depreciation and amortization                 1,603 1,453 1,168
Asset impairments                 0 6,744 10,843
Floorplan interest expense                 (787) (424) (261)
Other interest expense, net                 (916) (340) (419)
Income (loss) before income taxes                 (11) (4,670) (12,941)
Benefit (provision) for income taxes                 (1,348) 2,260 5,932
Net income (loss)                 (1,359) (2,410) (7,009)
Capital expenditures                 2,667 880 1,312
Goodwill and intangible franchise rights 14,854       12,901       14,854 12,901  
Total assets $ 131,676       $ 129,872       131,676 129,872  
Net pre-tax gain (loss) on dealership dispositions                     (800)
Brazil | Pre-Tax                      
Segment Reporting Information [Line Items]                      
Net pre-tax gain (loss) on dealership dispositions                     800
Pre-tax gain on settlement                 3,700    
New vehicle retail sales                      
Segment Reporting Information [Line Items]                      
Revenues                 6,181,371 6,157,531 6,046,075
New vehicle retail sales | U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 4,682,820 4,768,864 4,766,047
New vehicle retail sales | U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 1,217,135 1,092,612 987,538
New vehicle retail sales | Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 281,416 296,055 292,490
Used vehicle retail sales                      
Segment Reporting Information [Line Items]                      
Revenues                 3,166,070 2,798,986 2,757,713
Used vehicle retail sales | U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 2,306,999 2,160,699 2,242,508
Used vehicle retail sales | U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 771,719 546,266 434,203
Used vehicle retail sales | Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 87,352 92,021 81,002
Used vehicle wholesale sales                      
Segment Reporting Information [Line Items]                      
Revenues                 369,575 400,170 401,863
Used vehicle wholesale sales | U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 178,910 250,668 276,710
Used vehicle wholesale sales | U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 173,783 136,847 121,747
Used vehicle wholesale sales | Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 16,882 12,655 3,406
Parts and service sales                      
Segment Reporting Information [Line Items]                      
Revenues                 1,416,889 1,338,032 1,261,307
Parts and service sales | U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 1,153,257 1,124,380 1,071,651
Parts and service sales | U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 217,594 165,755 143,362
Parts and service sales | Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 46,038 47,897 46,294
Finance, insurance and other, net                      
Segment Reporting Information [Line Items]                      
Revenues                 467,453 429,002 420,654
Finance, insurance and other, net | U.S.                      
Segment Reporting Information [Line Items]                      
Revenues                 401,271 375,954 377,756
Finance, insurance and other, net | U.K.                      
Segment Reporting Information [Line Items]                      
Revenues                 57,154 44,523 36,305
Finance, insurance and other, net | Brazil                      
Segment Reporting Information [Line Items]                      
Revenues                 $ 9,028 $ 8,525 $ 6,593