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Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
ASC 280, Segment Reporting, requires reporting of segment information that is consistent with the manner in which the chief operating decision maker operates and views the Company. Our operations are grouped into two operating segments: Marketplace and Finance, which also serve as our reportable business segments. These reportable business segments offer different services and have fundamental differences in their operations.
Marketplace encompasses all wholesale marketplaces throughout North America and Europe. The Marketplace segment relates to used vehicle remarketing, including marketplace services, remarketing, or make ready services and all are interrelated, synergistic elements along the auto remarketing chain.
The Finance segment (through AFC) is primarily engaged in the business of providing short-term, inventory-secured financing to independent dealer customers. AFC conducts business primarily at or near wholesale used vehicle auctions in the U.S. and Canada and other areas where there is a concentration of AFC customers.
Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2023 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$1,251.7 $393.4 $1,645.1 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)801.7 65.9 867.6 
Selling, general and administrative380.6 49.8 430.4 
Depreciation and amortization          92.2 9.3 101.5 
Goodwill and other intangibles impairment250.8 — 250.8 
Total operating expenses1,525.3 125.0 1,650.3 
Operating profit (loss)(273.6)268.4 (5.2)
Interest expense25.2 130.6 155.8 
Other (income) expense, net(15.9)0.3 (15.6)
Loss on extinguishment of debt1.1 — 1.1 
Intercompany expense (income)33.9 (33.9)— 
Income (loss) from continuing operations before income taxes(317.9)171.4 (146.5)
Income taxes(40.4)48.7 8.3 
Income (loss) from continuing operations$(277.5)$122.7 $(154.8)
Total assets$2,065.6 $2,660.7 $4,726.3 
Capital expenditures$46.5 $5.5 $52.0 
Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2022 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$1,143.5 $375.9 $1,519.4 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)771.2 63.1 834.3 
Selling, general and administrative398.6 46.5 445.1 
Depreciation and amortization          92.3 7.9 100.2 
Gain on sale of property(33.9)— (33.9)
Total operating expenses1,228.2 117.5 1,345.7 
Operating profit (loss)(84.7)258.4 173.7 
Interest expense40.2 79.0 119.2 
Other (income) expense, net(8.4)7.1 (1.3)
Loss on extinguishment of debt17.2 — 17.2 
Intercompany expense (income)8.4 (8.4)— 
Income (loss) from continuing operations before income taxes(142.1)180.7 38.6 
Income taxes(36.4)46.4 10.0 
Income (loss) from continuing operations$(105.7)$134.3 $28.6 
Total assets$2,297.8 $2,822.0 $5,119.8 
Capital expenditures$55.7 $5.2 $60.9 

Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2021 (in millions):
MarketplaceFinanceConsolidated
Operating revenues$1,161.4 $289.2 $1,450.6 
Operating expenses   
Cost of services (exclusive of depreciation and amortization)737.1 55.4 792.5 
Selling, general and administrative385.5 35.2 420.7 
Depreciation and amortization          100.5 9.4 109.9 
Total operating expenses1,223.1 100.0 1,323.1 
Operating profit (loss)(61.7)189.2 127.5 
Interest expense86.2 39.5 125.7 
Other (income) expense, net4.5 (17.0)(12.5)
Intercompany expense (income)0.2 (0.2)— 
Income (loss) from continuing operations before income taxes(152.6)166.9 14.3 
Income taxes(26.4)41.5 15.1 
Income (loss) from continuing operations$(126.2)$125.4 $(0.8)
Total assets$2,562.0 $2,908.9 $5,470.9 
Capital expenditures$59.6 $4.6 $64.2 
Geographic Information
Our foreign operations include Canada, Continental Europe and the U.K. Approximately 58%, 62% and 56% of our foreign operating revenues were from Canada for the years ended December 31, 2023, 2022 and 2021, respectively. Most of the remaining foreign operating revenues were generated from Continental Europe. Information regarding the geographic areas of our operations is set forth below (in millions):
 Year Ended December 31,
 202320222021
Operating revenues   
U.S. $1,026.1 $992.9 $847.9 
Foreign619.0 526.5 602.7 
$1,645.1 $1,519.4 $1,450.6 

 December 31,
 20232022
Long-lived assets  
U.S. $1,074.2 $1,787.4 
Foreign810.2 310.0 
$1,884.4 $2,097.4 
No single customer accounted for more than ten percent of our total revenues in any fiscal year presented.