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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Reportable Segment Information | Reportable segment revenues, depreciation and amortization expenses, floorplan interest expense, net, other interest expense, net, income (loss) before income taxes, capital expenditures and assets are as follows (in millions):
| Year Ended December 31, 2019
| U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 9,184.2 |  |  | $ | 2,413.7 |  |  | $ | 445.9 |  |  | $ | 12,043.8 |
Gross profit | $ | 1,494.8 |  |  | $ | 267.7 |  |  | $ | 53.5 |  |  | $ | 1,816.0 |
Selling, general and administrative expenses (1) | $ | 1,075.6 |  |  | $ | 236.9 |  |  | $ | 46.0 |  |  | $ | 1,358.4 |
Depreciation and amortization expense | $ | 55.4 |  |  | $ | 14.6 |  |  | $ | 1.6 |  |  | $ | 71.6 |
Floorplan interest expense | $ | 53.7 |  |  | $ | 7.2 |  |  | $ | 0.7 |  |  | $ | 61.6 |
Other interest expense, net | $ | 67.5 |  |  | $ | 7.3 |  |  | $ | 0.1 |  |  | $ | 74.9 |
Income (loss) before income taxes (2) | $ | 227.9 |  |  | $ | (5.3 | ) |  | $ | 4.6 |  |  | $ | 227.3 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 63.8 |  |  | $ | 25.7 |  |  | $ | 3.1 |  |  | $ | 92.5 |
Non-real estate related capital expenditures (3) | 70.7 |  |  | 25.9 |  |  | 2.6 |  |  | 99.3 |
Total capital expenditures | $ | 134.5 |  |  | $ | 51.6 |  |  | $ | 5.7 |  |  | $ | 191.8 |
| Year Ended December 31, 2018
| U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 8,723.3 |  |  | $ | 2,437.4 |  |  | $ | 440.7 |  |  | $ | 11,601.4 |
Gross profit | $ | 1,391.3 |  |  | $ | 279.9 |  |  | $ | 53.9 |  |  | $ | 1,725.1 |
Selling, general and administrative expenses (4) | $ | 982.1 |  |  | $ | 240.4 |  |  | $ | 50.6 |  |  | $ | 1,273.1 |
Depreciation and amortization expense | $ | 52.9 |  |  | $ | 12.6 |  |  | $ | 1.6 |  |  | $ | 67.1 |
Floorplan interest expense | $ | 52.8 |  |  | $ | 6.3 |  |  | $ | 0.8 |  |  | $ | 59.9 |
Other interest expense, net | $ | 68.1 |  |  | $ | 6.8 |  |  | $ | 0.9 |  |  | $ | 75.8 |
Income (loss) before income taxes (5) | $ | 192.1 |  |  | $ | 13.3 |  |  | $ | — |  |  | $ | 205.4 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 20.5 |  |  | $ | 5.0 |  |  | $ | 5.8 |  |  | $ | 31.4 |
Non-real estate related capital expenditures (3) | 80.2 |  |  | 27.5 |  |  | 2.0 |  |  | 109.6 |
Total capital expenditures | $ | 100.7 |  |  | $ | 32.5 |  |  | $ | 7.8 |  |  | $ | 141.0 |
| Year Ended December 31, 2017
| U.S. |  | U.K. |  | Brazil |  | Total
Total revenues | $ | 8,680.6 |  |  | $ | 1,986.0 |  |  | $ | 457.2 |  |  | $ | 11,123.7 |
Gross profit | $ | 1,365.3 |  |  | $ | 225.3 |  |  | $ | 54.9 |  |  | $ | 1,645.5 |
Selling, general and administrative expenses | $ | 984.0 |  |  | $ | 191.6 |  |  | $ | 50.7 |  |  | $ | 1,226.2 |
Depreciation and amortization expense | $ | 48.3 |  |  | $ | 8.2 |  |  | $ | 1.5 |  |  | $ | 57.9 |
Floorplan interest expense | $ | 47.2 |  |  | $ | 4.7 |  |  | $ | 0.4 |  |  | $ | 52.4 |
Other interest expense, net | $ | 66.5 |  |  | $ | 3.7 |  |  | $ | 0.3 |  |  | $ | 70.5 |
Income (loss) before income taxes (6) | $ | 206.6 |  |  | $ | 17.1 |  |  | $ | (4.7 | ) |  | $ | 219.0 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 101.8 |  |  | $ | 1.7 |  |  | $ | 6.9 |  |  | $ | 110.4 |
Non-real estate related capital expenditures (7) | 84.3 |  |  | 20.9 |  |  | 0.2 |  |  | 105.4 |
Total capital expenditures | $ | 186.1 |  |  | $ | 22.6 |  |  | $ | 7.1 |  |  | $ | 215.8 |
(1) SG&A expenses for the year ended December 31, 2019 includes $17.8 million of expense in the U.S. segment related to flood damage from Tropical Storm Imelda and hail storm damages primarily in Texas. (2) Income (loss) before taxes for the year ended December 31, 2019 includes the SG&A expenses described in note 1 above and additionally includes asset impairment charges of $14.7 million in the U.S. segment, $7.0 million in the U.K. segment and $0.5 million in the Brazil segment. (3) Non-real estate related capital expenditures exclude the net decrease (increase) in the accrual for capital expenditures of $4.1 million, ($0.5 million) and $7.1 million for the years ended December 31, 2019, 2018 and 2017, respectively. (4) SG&A expenses for the year ended December 31, 2018 includes a $25.2 million net gain on disposition on real estate and dealership transactions and $6.4 million of expense related to catastrophic events mainly as a result of hail storms in the U.S. segment and a $3.7 million gain on legal settlements in the Brazil segment. (5) Income (loss) before taxes for the year ended December 31, 2018 includes the SG&A expenses described in note 4 above and additionally includes asset impairment charges of $43.4 million in in the U.S. segment and $0.5 million in the U.K. segment. (6) SG&A expenses for the year ended December 31, 2017 includes $15.3 million of expense related to catastrophic events mainly as a result of Hurricane Harvey in the U.S. segment. (7) Income (loss) before taxes for the year ended December 31, 2017 the SG&A expenses described in note 6 above and additionally includes asset impairment charges of $12.8 million of in the U.S. segment and $6.7 million in the Brazil segment.
|  | December 31, 2019
|  | U.S. |  | U.K. |  | Brazil |  | Total
Property and equipment, net |  | $ | 1,251.4 |  |  | $ | 271.0 |  |  | $ | 24.7 |  |  | $ | 1,547.1 |
Operating lease assets |  | $ | 114.8 |  |  | $ | 100.1 |  |  | $ | 5.2 |  |  | $ | 220.1 |
Total assets |  | $ | 4,256.1 |  |  | $ | 1,225.6 |  |  | $ | 88.6 |  |  | $ | 5,570.2 |
Goodwill and Intangible Franchise Rights and Total Assets by Reportable Segment |
|  | December 31, 2019
|  | U.S. |  | U.K. |  | Brazil |  | Total
Property and equipment, net |  | $ | 1,251.4 |  |  | $ | 271.0 |  |  | $ | 24.7 |  |  | $ | 1,547.1 |
Operating lease assets |  | $ | 114.8 |  |  | $ | 100.1 |  |  | $ | 5.2 |  |  | $ | 220.1 |
Total assets |  | $ | 4,256.1 |  |  | $ | 1,225.6 |  |  | $ | 88.6 |  |  | $ | 5,570.2 |
|  | December 31, 2018
|  | U.S. |  | U.K. |  | Brazil |  | Total
Property and equipment, net |  | $ | 1,124.6 |  |  | $ | 199.0 |  |  | $ | 24.3 |  |  | $ | 1,347.8 |
Total assets |  | $ | 4,113.0 |  |  | $ | 756.4 |  |  | $ | 131.7 |  |  | $ | 5,001.1 |

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