v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 9,767,042,000 $ 10,454,343,000 $ 9,951,630,000
Cost of Sales:      
Total cost of sales (8,343,397,000) (8,933,326,000) (8,505,505,000)
Gross profit 1,423,645,000 1,521,017,000 1,446,125,000
Selling, general and administrative expenses (1,028,666,000) (1,099,374,000) (1,145,325,000)
Impairment charges 270,017,000 20,768,000 29,514,000
Depreciation and amortization (91,023,000) (93,169,000) (93,623,000)
Operating income (loss) 33,939,000 307,706,000 177,663,000
Other income (expense):      
Interest expense, floor plan (27,228,000) (48,519,000) (48,398,000)
Interest expense, other, net (41,572,000) (52,953,000) (54,059,000)
Other income (expense), net 97,000 (6,589,000) 106,000
Total other income (expense) (68,703,000) (108,061,000) (102,351,000)
Income (loss) from continuing operations before taxes (34,764,000) 199,645,000 75,312,000
Provision for income taxes for continuing operations - benefit (expense) (15,900,000) (55,108,000) (22,922,000)
Income (loss) from continuing operations (50,664,000) 144,537,000 52,390,000
Discontinued operations:      
Income (loss) from discontinued operations before taxes (1,002,000) (554,000) (1,017,000)
Provision for income taxes for discontinued operations - benefit (expense) 281,000 154,000 277,000
Income (loss) from discontinued operations (721,000) (400,000) (740,000)
Net income (loss) $ (51,385,000) $ 144,137,000 $ 51,650,000
Basic earnings (loss) per common share:      
Earnings (loss) per share from continuing operations (usd per share) $ (1.19) $ 3.36 $ 1.23
Earnings (loss) per share from discontinued operations (usd per share) (0.02) (0.01) (0.02)
Earnings (loss) per common share (usd per share) $ (1.21) $ 3.35 $ 1.21
Weighted average common shares outstanding (in shares) 42,483 43,016 42,708
Diluted earnings (loss) per common share:      
Earnings (loss) per share from continuing operations (usd per share) $ (1.19) $ 3.31 $ 1.22
Earnings (loss) per share from discontinued operations (usd per share) (0.02) (0.01) (0.02)
Earnings (loss) per common share (usd per share) $ (1.21) $ 3.30 $ 1.20
Weighted average common shares outstanding (in shares) 42,483 43,710 42,950
EchoPark Total Impairment [Member]      
Cost of Sales:      
Impairment charges $ 0 $ 19,667,000 $ 1,600,000
Franchised Dealership Impairment [Member]      
Cost of Sales:      
Impairment charges 270,017,000   27,932,000
New vehicles      
Revenues:      
Total revenues 4,281,223,000 4,889,171,000 4,974,097,000
Cost of Sales:      
Total cost of sales (4,047,132,000) (4,656,084,000) (4,732,595,000)
Used vehicles      
Revenues:      
Total revenues 3,564,832,000 3,489,972,000 2,973,498,000
Cost of Sales:      
Total cost of sales (3,458,834,000) (3,342,576,000) (2,830,510,000)
Wholesale vehicles      
Revenues:      
Total revenues 197,378,000 202,946,000 217,625,000
Cost of Sales:      
Total cost of sales (198,249,000) (207,378,000) (228,874,000)
Total vehicles      
Revenues:      
Total revenues 8,043,433,000 8,582,089,000 8,165,220,000
Cost of Sales:      
Total cost of sales (7,704,215,000) (8,206,038,000) (7,791,979,000)
Parts, service and collision repair      
Revenues:      
Total revenues 1,233,735,000 1,395,303,000 1,380,887,000
Cost of Sales:      
Total cost of sales (639,182,000) (727,288,000) (713,526,000)
Finance, insurance and other, net      
Revenues:      
Total revenues $ 489,874,000 $ 476,951,000 $ 405,523,000

Source

PDF HTML
10-K Filing
ZIP XLS HTML
XBRL