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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Reportable segment information | Selected reportable segment data for continuing operations as follows (in millions):
| Year Ended December 31, 2021
| U.S. |  | U.K. |  |  |  | Total
Total revenues | $ | 10,846.3 |  |  | $ | 2,635.6 |  |  |  |  | $ | 13,481.9 |
Gross profit | $ | 2,089.5 |  |  | $ | 351.2 |  |  |  |  | $ | 2,440.7 |
SG&A expenses (1) | $ | 1,234.9 |  |  | $ | 242.2 |  |  |  |  | $ | 1,477.2 |
Depreciation and amortization expense | $ | 60.4 |  |  | $ | 17.0 |  |  |  |  | $ | 77.4 |
Floorplan interest expense | $ | 22.2 |  |  | $ | 5.4 |  |  |  |  | $ | 27.6 |
Other interest expense, net | $ | 48.5 |  |  | $ | 7.3 |  |  |  |  | $ | 55.8 |
Income before income taxes (2) | $ | 721.8 |  |  | $ | 79.2 |  |  |  |  | $ | 800.9 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 18.9 |  |  | $ | 27.0 |  |  |  |  | $ | 45.9 |
Non-real estate related capital expenditures (3) | 82.3 |  |  | 13.9 |  |  |  |  | 96.2 |
Total capital expenditures | $ | 101.2 |  |  | $ | 40.9 |  |  |  |  | $ | 142.1 |
| Year Ended December 31, 2020
| U.S. |  | U.K. |  |  |  | Total
Total revenues | $ | 8,503.4 |  |  | $ | 2,096.8 |  |  |  |  | $ | 10,600.2 |
Gross profit | $ | 1,486.0 |  |  | $ | 248.1 |  |  |  |  | $ | 1,734.1 |
SG&A expenses (4) | $ | 947.0 |  |  | $ | 191.2 |  |  |  |  | $ | 1,138.2 |
Depreciation and amortization expense | $ | 57.7 |  |  | $ | 15.8 |  |  |  |  | $ | 73.5 |
Floorplan interest expense | $ | 32.2 |  |  | $ | 7.1 |  |  |  |  | $ | 39.2 |
Other interest expense, net | $ | 55.0 |  |  | $ | 6.9 |  |  |  |  | $ | 61.9 |
Income before income taxes (5) | $ | 366.6 |  |  | $ | 14.2 |  |  |  |  | $ | 380.8 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 12.9 |  |  | $ | 11.2 |  |  |  |  | $ | 24.1 |
Non-real estate related capital expenditures (3) | 60.9 |  |  | 10.6 |  |  |  |  | 71.5 |
Total capital expenditures | $ | 73.8 |  |  | $ | 21.8 |  |  |  |  | $ | 95.5 |
| Year Ended December 31, 2019
| U.S. |  | U.K. |  |  |  | Total
Total revenues | $ | 9,184.2 |  |  | $ | 2,413.7 |  |  |  |  | $ | 11,597.9 |
Gross profit | $ | 1,494.8 |  |  | $ | 267.7 |  |  |  |  | $ | 1,762.4 |
SG&A expenses (6) | $ | 1,075.6 |  |  | $ | 236.9 |  |  |  |  | $ | 1,312.4 |
Depreciation and amortization expense | $ | 55.4 |  |  | $ | 14.6 |  |  |  |  | $ | 70.0 |
Floorplan interest expense | $ | 53.7 |  |  | $ | 7.2 |  |  |  |  | $ | 60.9 |
Other interest expense, net | $ | 67.5 |  |  | $ | 7.3 |  |  |  |  | $ | 74.8 |
Income (loss) before income taxes (7) | $ | 227.9 |  |  | $ | (5.3) |  |  |  |  | $ | 222.7 |
Capital expenditures: |  |  |  |  |  |  |
Real estate related capital expenditures | $ | 63.8 |  |  | $ | 25.7 |  |  |  |  | $ | 89.5 |
Non-real estate related capital expenditures (3) | 70.7 |  |  | 25.9 |  |  |  |  | 96.6 |
Total capital expenditures | $ | 134.5 |  |  | $ | 51.6 |  |  |  |  | $ | 186.1 |
(1) SG&A expenses for the year ended December 31, 2021 includes $12.9 million in acquisition costs in the U.S. segment. (2) Income before income taxes for the year ended December 31, 2021 includes the SG&A expenses described in note 1 above. (3) Non-real estate related capital expenditures exclude the net decrease (increase) in the accrual for capital expenditures from year-end of $(2.9) million, $1.7 million and $4.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. (4) SG&A expenses for the year ended December 31, 2020 includes $10.6 million in stock-based compensation expense related to an out-of-period adjustment in the U.S. segment. (5) Income before income taxes for the year ended December 31, 2020 includes the SG&A expenses described in note 4 above and additionally includes the following: in the U.S. segment, $13.8 million in asset impairments and a $13.7 million loss on debt extinguishment; in the U.K. segment $12.8 million in asset impairments. (6) SG&A expenses for the year ended December 31, 2019 includes the following: in the U.S. segment, $17.8 million in expenses related to flood damage from Tropical Storm Imelda and hailstorm damages primarily in Texas. (7) Income (loss) before income taxes for the year ended December 31, 2019 includes the SG&A expenses described in note 6 above and additionally includes $14.7 million in asset impairments in the U.S. segment.
Goodwill and intangible franchise rights and total assets by reportable segment |
|  | December 31, 2021
|  | U.S. |  | U.K. |  |  |  | Total
Property and equipment, net |  | $ | 1,649.9 |  |  | $ | 308.0 |  |  |  |  | $ | 1,957.8 |
Total assets |  | $ | 4,773.1 |  |  | $ | 963.3 |  |  |  |  | $ | 5,736.4 |
|  | December 31, 2020
|  | U.S. |  | U.K. |  |  |  | Total
Property and equipment, net |  | $ | 1,303.1 |  |  | $ | 281.3 |  |  |  |  | $ | 1,584.4 |
Total assets |  | $ | 3,946.2 |  |  | $ | 1,116.8 |  |  |  |  | $ | 5,062.9 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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