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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 6,009.4 $ 2,758.6 $ 10,352.4 $ 5,562.3
Cost of sales:        
Total cost of sales 4,898.8 2,294.2 8,526.3 4,637.0
Gross profit 1,110.6 464.4 1,826.1 925.3
Asset impairments 0.0 7.9 0.0 7.9
Selling, general and administrative 634.0 304.5 1,084.2 650.5
Depreciation and amortization 30.3 22.3 57.2 44.3
Operating income 446.3 129.7 684.7 222.6
Floor plan interest expense (6.4) (8.1) (13.3) (22.1)
Other interest expense, net (28.1) (16.8) (51.6) (33.8)
Other income, net 7.6 3.5 11.1 5.8
Income before income taxes 419.4 108.3 630.9 172.5
Income tax provision (114.5) (30.6) (169.8) (48.6)
Net income $ 304.9 $ 77.7 $ 461.1 $ 123.9
Basic net income per share (in dollars per share) $ 10.83 $ 3.40 $ 16.83 $ 5.37
Shares used in basic per share calculations (in shares) 28.1 22.8 27.4 23.1
Diluted net income per share (in dollars per share) $ 10.75 $ 3.38 $ 16.69 $ 5.32
Shares used in diluted per share calculations (in shares) 28.4 23.0 27.6 23.3
Cash dividends paid per Class A and Class B share (in dollars per share) $ 0.35 $ 0.30 $ 0.66 $ 0.60
New vehicle retail        
Revenues:        
Total revenues $ 3,146.2 $ 1,367.8 $ 5,339.5 $ 2,741.3
Cost of sales:        
Total cost of sales 2,832.5 1,275.6 4,869.0 2,570.9
Used vehicle retail        
Revenues:        
Total revenues 1,804.9 922.2 3,157.0 1,796.5
Cost of sales:        
Total cost of sales 1,572.3 823.9 2,788.3 1,608.3
Used vehicle wholesale        
Revenues:        
Total revenues 217.4 51.3 352.6 118.0
Cost of sales:        
Total cost of sales 201.0 49.2 331.6 115.3
Finance and insurance        
Revenues:        
Total revenues 269.6 124.9 467.9 246.7
Service, body and parts        
Revenues:        
Total revenues 521.0 275.5 925.0 605.4
Cost of sales:        
Total cost of sales 242.9 131.1 428.6 292.8
Fleet and other        
Revenues:        
Total revenues 50.3 16.9 110.4 54.4
Cost of sales:        
Total cost of sales $ 50.1 $ 14.4 $ 108.8 $ 49.7