XML 25 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated and Combined Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Total revenues $ 662,127 $ 626,262 $ 633,106
Operating expenses:      
Cost of revenues and operations 92,367 65,541 56,794
Product and technology 73,970 74,162 73,070
Marketing and sales 232,884 209,813 211,032
General and administrative 59,684 44,903 23,925
Affiliate revenue share 15,488 8,948 8,529
Depreciation and amortization 103,810 88,639 83,106
Total operating expenses 578,203 492,006 456,456
Operating income 83,924 134,256 176,650
Nonoperating (expense) income:      
Interest (expense) income, net (27,717) (12,371) 94
Other income, net 722 277 214
Total nonoperating (expense) income, net (26,995) (12,094) 308
Income before income taxes 56,929 122,162 176,958
Income tax expense (benefit) 18,120 (102,281) [1] 588 [2]
Net income $ 38,809 $ 224,443 $ 176,370
Weighted-average common shares outstanding:      
Basic 70,318 71,661 71,588
Diluted 70,547 71,727 71,588
Earnings per share:      
Basic $ 0.55 $ 3.13 $ 2.46
Diluted $ 0.55 $ 3.13 $ 2.46
Retail      
Revenues:      
Total revenues $ 579,188 $ 463,280 $ 462,776
Wholesale      
Revenues:      
Total revenues [3] $ 82,939 $ 162,982 $ 170,330
[1] The income tax benefit for the year ended December 31, 2017 is based upon seven months of Cars.com, LLC activity and twelve months of DealerRater activity.
[2] As a partnership, Cars.com, LLC generally was not subject to federal and state income tax. Therefore, the income tax benefit is based upon five months of DealerRater post-acquisition activity.
[3] For information related to related party transactions, see Note 15 (Related Party).