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Segment Information
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
As of September 30, 2019, the Company had three reportable segments: the U.S., the U.K. and Brazil. The reportable segments are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by its chief operating decision maker (“CODM”) to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. Each of the reportable segments is comprised of retail automotive franchises which sell new and used cars, light duty trucks, arrange related vehicle financing, sell service and insurance contracts, provide automotive maintenance and repair services and sell vehicle parts. The vast majority of the Company’s corporate activities are associated with the operations of the U.S. reportable segment and, therefore, the corporate financial results are included within the U.S. reportable segment.
Reportable segment revenues and income (loss) before income taxes were as follows for the three and nine months ended September 30, 2019 and 2018 (in millions):
 
Three Months Ended September 30, 2019
 
 
Nine Months Ended September 30, 2019
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
Total revenues
$
2,422.8

 
$
584.6

 
$
110.9

 
$
3,118.3

 
 
$
6,764.3

 
$
1,841.2

 
$
326.9

 
$
8,932.4

Income (loss) before income taxes (1)
$
54.6

 
$
(7.4
)
 
$
1.8

 
$
49.0

 
 
$
164.8

 
$
(2.7
)
 
$
2.3

 
$
164.4

 
Three Months Ended September 30, 2018
 
 
Nine Months Ended September 30, 2018
 
U.S.
 
U.K.
 
Brazil
 
Total
 
 
U.S.
 
U.K.
 
Brazil
 
Total
Total revenues
$
2,200.2

 
$
585.9

 
$
103.0

 
$
2,889.1

 
 
$
6,456.5

 
$
1,913.5

 
$
322.5

 
$
8,692.5

Income (loss) before income taxes (2)
$
43.4

 
$
2.7

 
$
(1.7
)
 
$
44.4

 
 
$
152.9

 
$
14.4

 
$
(1.6
)
 
$
165.7


(1) Income (loss) before income taxes for the three months ended September 30, 2019 includes $11.9 million in expense related to flood damage from Tropical Storm Imelda in Texas and $3.3 million in asset impairment charges in the U.S. segment and $7.0 million in asset impairment charges in the U.K. segment. Income (loss) before taxes for the nine months ended September 30, 2019 includes $17.8 million in expense related to flood damage from Tropical Storm Imelda and hail storm damages in Texas and $3.3 million in asset impairment charges in the U.S. segment, $7.0 million in asset impairment charges in the U.K. segment and $0.5 million in asset impairment charges in the Brazil segment.
(2) Income (loss) before income taxes for the three months ended September 30, 2018 includes $23.2 million in asset impairment charges in the U.S. segment. Income (loss) before taxes for the nine months ended September 30, 2018 includes $5.8 million of expense related to hail storm damages and $27.4 million in asset impairment charges in the U.S. segment.