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SEGMENT INFORMATION
 12 Months Ended
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.