XML 112 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 12,672.7 $ 11,821.4 $ 10,086.5
Cost of sales:      
Total cost of sales 10,718.9 10,044.4 8,570.4
Gross profit 1,953.8 1,777.0 1,516.1
Asset impairments 2.6 1.3 0.0
Selling, general and administrative 1,373.8 1,253.3 1,049.4
Depreciation and amortization 82.4 75.4 57.7
Operating income 495.0 447.0 409.0
Floor plan interest expense (72.8) (62.3) (39.3)
Other interest expense (60.6) (56.0) (34.8)
Other income, net 13.8 8.8 12.2
Income before income taxes 375.4 337.5 347.1
Income tax provision (103.9) (71.8) (101.9)
Net income $ 271.5 $ 265.7 $ 245.2
Basic net income per share (in dollars per share) $ 11.70 $ 10.91 $ 9.78
Shares used in basic per share calculations 23.2 24.4 25.1
Diluted net income per share (in dollars per share) $ 11.60 $ 10.86 $ 9.75
Shares used in diluted per share calculations 23.4 24.5 25.1
Cash dividend paid per Class A and Class B share (in dollars per share) $ 1.19 $ 1.14 $ 1.06
New vehicle      
Revenues:      
Total revenues $ 6,799.1 $ 6,602.8 $ 5,763.6
Cost of sales:      
Total cost of sales 6,413.5 6,217.7 5,423.8
Used vehicle retail      
Revenues:      
Total revenues 3,527.2 3,079.0 2,544.4
Cost of sales:      
Total cost of sales 3,159.6 2,756.1 2,257.6
Used vehicle wholesale      
Revenues:      
Total revenues 301.2 331.3 277.8
Cost of sales:      
Total cost of sales 297.5 325.8 273.0
Finance and insurance      
Revenues:      
Total revenues 518.6 454.8 385.9
Service, body and parts      
Revenues:      
Total revenues 1,325.1 1,222.3 1,015.8
Cost of sales:      
Total cost of sales 657.5 621.6 522.7
Fleet and other      
Revenues:      
Total revenues 201.5 131.2 99.0
Cost of sales:      
Total cost of sales $ 190.8 $ 123.2 $ 93.3