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Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of financial information regarding the entity's reportable segments
Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2020 (in millions):
 
ADESA
Auctions
 
AFC
 
Holding
Company
 
Consolidated
Operating revenues
$
567.0

 
$
78.5

 
$

 
$
645.5

Operating expenses
 
 
 
 
 
 
 
Cost of services (exclusive of depreciation and amortization)
370.7

 
23.9

 

 
394.6

Selling, general and administrative
122.8

 
6.5

 
33.1

 
162.4

Depreciation and amortization          
39.1

 
2.7

 
5.9

 
47.7

Total operating expenses
532.6

 
33.1

 
39.0

 
604.7

Operating profit (loss)
34.4

 
45.4

 
(39.0
)
 
40.8

Interest expense
0.8

 
13.6

 
23.6

 
38.0

Other (income) expense, net

 
(0.1
)
 
(1.9
)
 
(2.0
)
Intercompany expense (income)
0.7

 
(0.8
)
 
0.1

 

Income (loss) from continuing operations before income taxes
32.9

 
32.7

 
(60.8
)
 
4.8

Income taxes
8.8

 
8.1

 
(14.9
)
 
2.0

Net income (loss) from continuing operations
$
24.1

 
$
24.6

 
$
(45.9
)
 
$
2.8

Total assets
$
3,279.5

 
$
2,445.3

 
$
274.9

 
$
5,999.7

Financial information regarding our reportable segments is set forth below as of and for the three months ended March 31, 2019 (in millions):
 
ADESA
Auctions
 
AFC
 
Holding
Company
 
Consolidated
Operating revenues
$
599.7

 
$
89.9

 
$

 
$
689.6

Operating expenses
 
 
 
 
 
 
 
Cost of services (exclusive of depreciation and amortization)
370.7

 
23.2

 

 
393.9

Selling, general and administrative
126.6

 
7.2

 
41.4

 
175.2

Depreciation and amortization          
35.0

 
2.4

 
6.9

 
44.3

Total operating expenses
532.3

 
32.8

 
48.3

 
613.4

Operating profit (loss)
67.4

 
57.1

 
(48.3
)
 
76.2

Interest expense
0.7

 
17.1

 
38.7

 
56.5

Other (income) expense, net
(1.9
)
 
(0.1
)
 
(0.1
)
 
(2.1
)
Intercompany expense (income)
10.3

 
(1.2
)
 
(9.1
)
 

Income (loss) from continuing operations before income taxes
58.3

 
41.3

 
(77.8
)
 
21.8

Income taxes
15.9

 
10.8

 
(20.2
)
 
6.5

Net income (loss) from continuing operations
$
42.4

 
$
30.5

 
$
(57.6
)
 
$
15.3

Total assets
$
3,797.0

 
$
2,406.1

 
$
98.5

 
$
6,301.6

Schedule of information regarding the geographic areas of entity's operations Information regarding the geographic areas of our operations is set forth below (in millions):
 
Three Months Ended March 31,
 
2020
 
2019
Operating revenues
 
 
 
U.S. 
$
523.3

 
$
579.9

Foreign
122.2

 
109.7

 
$
645.5

 
$
689.6