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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION As of December 31, 2021, the Company had two reportable segments: the U.S. and the U.K. The Company defines its segments as those operations whose results the Company’s Chief Executive Officer, who is the CODM, regularly reviews to analyze performance and allocate resources. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. 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.
|  | 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 |
Refer to Note 12. Intangible Franchise Rights and Goodwill for further discussion of the Company’s intangible franchise rights and goodwill by segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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