XML 22 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues      
Auction fees $ 395.3 $ 370.3 $ 399.2
Service revenue 619.7 590.3 541.3
Purchased vehicle sales 236.7 182.9 220.9
Finance-related revenue 393.4 375.9 289.2
Total operating revenues 1,645.1 1,519.4 1,450.6
Operating expenses      
Cost of services (exclusive of depreciation and amortization) 867.6 834.3 792.5
Selling, general and administrative 430.4 445.1 420.7
Depreciation and amortization 101.5 100.2 109.9
Gain on sale of property 0.0 (33.9) 0.0
Goodwill and other intangibles impairment 250.8 0.0 0.0
Total operating expenses 1,650.3 1,345.7 1,323.1
Operating profit (loss) (5.2) 173.7 127.5
Interest expense 155.8 119.2 125.7
Other (income) expense, net (15.6) (1.3) (12.5)
Loss on extinguishment of debt 1.1 17.2 0.0
Income (loss) from continuing operations before income taxes (146.5) 38.6 14.3
Income taxes 8.3 10.0 15.1
Income (loss) from continuing operations (154.8) 28.6 (0.8)
Income from discontinued operations, net of income taxes 0.7 212.6 67.3
Net income (loss) $ (154.1) $ 241.2 $ 66.5
Net income (loss) per share - basic      
Income (loss) from continuing operations $ (1.83) $ (0.10) $ (0.27)
Income from discontinued operations 0.01 1.40 0.43
Net income (loss) (1.82) 1.30 0.16
Net income (loss) per share - diluted      
Income (loss) from continuing operations (1.83) (0.10) (0.27)
Income from discontinued operations 0.01 1.40 0.43
Net income (loss) $ (1.82) $ 1.30 $ 0.16