XML 83 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Income Statements (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue:      
TOTAL REVENUE $ 15,668.8 $ 13,832.3 $ 12,461.0
Cost of Sales:      
TOTAL COST OF SALES 13,182.4 11,528.3 10,333.5
Gross Profit:      
TOTAL GROSS PROFIT 2,486.4 2,304.0 2,127.5
Selling, general & administrative expenses 1,749.5 1,649.4 1,552.1
Depreciation and amortization 87.3 83.7 76.8
Franchise rights impairment 4.2 0 0
Other expenses (income), net 0.1 (1.1) 2.0
OPERATING INCOME 645.3 572.0 496.6
Non-operating income (expense) items:      
Floorplan interest expense (45.5) (42.7) (42.5)
Other interest expense (86.9) (66.0) (56.1)
Loss on debt extinguishment 0 (2.2) (19.6)
Interest income 0.3 0.7 1.4
Other income (losses), net 3.6 (0.5) 1.5
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 516.8 461.3 381.3
Income tax provision 199.5 177.1 146.0
NET INCOME FROM CONTINUING OPERATIONS 317.3 284.2 235.3
Loss from discontinued operations, net of income taxes (0.9) (2.8) (8.7)
NET INCOME 316.4 281.4 226.6
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 2.56 $ 1.96 $ 1.50
Discontinued operations $ (0.01) $ (0.02) $ (0.06)
Net income $ 2.56 $ 1.94 $ 1.44
Weighted average common shares outstanding 123.8 144.8 156.9
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations $ 2.52 $ 1.93 $ 1.48
Discontinued operations $ (0.01) $ (0.02) $ (0.05)
Net income $ 2.52 $ 1.91 $ 1.43
Weighted average common shares outstanding 125.8 147.3 158.6
COMMON SHARES OUTSTANDING, net of treasury stock 120.9 135.8 148.4
New Vehicle [Member]
     
Revenue:      
TOTAL REVENUE 8,906.9 7,498.9 6,669.1
Cost of Sales:      
TOTAL COST OF SALES 8,327.4 6,951.2 6,217.9
Gross Profit:      
TOTAL GROSS PROFIT 579.5 547.7 451.2
Used Vehicle [Member]
     
Revenue:      
TOTAL REVENUE 3,714.7 3,512.8 3,116.1
Cost of Sales:      
TOTAL COST OF SALES 3,415.4 3,228.0 2,849.4
Gross Profit:      
TOTAL GROSS PROFIT 299.3 284.8 266.7
Parts and Service [Member]
     
Revenue:      
TOTAL REVENUE 2,399.2 2,293.1 2,209.1
Cost of Sales:      
TOTAL COST OF SALES 1,391.3 1,323.0 1,245.9
Gross Profit:      
TOTAL GROSS PROFIT 1,007.9 970.1 963.2
Finance and Insurance, Net [Member]
     
Revenue:      
TOTAL REVENUE 571.2 474.5 418.9
Gross Profit:      
TOTAL GROSS PROFIT 571.2 474.5 418.9
Other Goods and Services [Member]
     
Revenue:      
TOTAL REVENUE 76.8 53.0 47.8
Cost of Sales:      
TOTAL COST OF SALES 48.3 26.1 20.3
Gross Profit:      
TOTAL GROSS PROFIT $ 28.5 $ 26.9 $ 27.5