v3.24.0.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 14,372,400,000 $ 14,001,100,000 $ 12,396,400,000
Cost of Sales:      
Total cost of sales (12,126,700,000) (11,684,100,000) (10,482,100,000)
Cost of Sales 12,126,700,000 11,684,100,000 10,482,100,000
Gross profit 2,245,700,000 2,317,000,000 1,914,300,000
Selling, general and administrative expenses (1,600,500,000) (1,555,100,000) (1,274,700,000)
Impairment charges 79,300,000 320,400,000 100,000
Depreciation and amortization (142,300,000) (127,500,000) (101,100,000)
Operating income 423,600,000 314,000,000.0 538,400,000
Other income (expense):      
Interest expense, floor plan (67,200,000) (34,300,000) (16,700,000)
Interest expense, other, net (114,600,000) (89,900,000) (48,000,000.0)
Other income (expense), net 100,000 200,000 (15,500,000)
Total other income (expense) (181,700,000) (124,000,000.0) (80,200,000)
Income (loss) before taxes 241,900,000 190,000,000.0 458,200,000
Provision for income taxes - benefit (expense) (63,700,000) (101,500,000) (109,300,000)
Discontinued operations:      
Net income (loss) $ 178,200,000 $ 88,500,000 $ 348,900,000
Basic earnings (loss) per common share:      
Earnings (loss) per common share (usd per share) $ 5.09 $ 2.29 $ 8.43
Weighted average common shares outstanding (in shares) 35,000 38,700 41,400
Diluted earnings (loss) per common share:      
Earnings (loss) per common share (usd per share) $ 4.97 $ 2.23 $ 8.06
Weighted average common shares outstanding (in shares) 35,900 39,700 43,300
EchoPark Total Impairment [Member]      
Cost of Sales:      
Impairment charges $ 78,300,000 $ 204,900,000  
Franchised Dealership Impairment [Member]      
Cost of Sales:      
Impairment charges 1,000,000.0   $ 0
Powersport Total Impairment      
Cost of Sales:      
Impairment charges 0 0 0
Total vehicles      
Revenues:      
Total revenues   11,722,300,000 10,418,800,000
Cost of Sales:      
Total cost of sales (11,241,200,000) (10,876,900,000) (9,814,600,000)
Cost of Sales 11,241,200,000 10,876,900,000 9,814,600,000
Used vehicles      
Revenues:      
Total revenues 5,213,600,000 5,515,400,000 4,933,600,000
Cost of Sales:      
Total cost of sales (5,062,400,000) (5,334,600,000) (4,800,600,000)
Cost of Sales 5,062,400,000 5,334,600,000 4,800,600,000
Wholesale vehicles      
Revenues:      
Total revenues 318,800,000 484,900,000 367,200,000
Cost of Sales:      
Total cost of sales (321,400,000) (488,000,000.0) (357,300,000)
Cost of Sales 321,400,000 488,000,000.0 357,300,000
Total new vehicles      
Revenues:      
Total revenues 6,396,800,000 5,722,000,000 5,118,000,000
Cost of Sales:      
Total cost of sales (5,857,400,000) (5,054,300,000) (4,656,700,000)
Cost of Sales 5,857,400,000 5,054,300,000 4,656,700,000
Fleet new vehicles      
Revenues:      
Total revenues 92,200,000 99,400,000 124,600,000
Cost of Sales:      
Total cost of sales (88,200,000) (94,500,000) (123,000,000.0)
Cost of Sales 88,200,000 94,500,000 123,000,000.0
Retail new vehicles      
Revenues:      
Total revenues 6,304,600,000 5,622,600,000 4,993,400,000
Cost of Sales:      
Total cost of sales (5,769,200,000) (4,959,800,000) (4,533,700,000)
Cost of Sales 5,769,200,000 4,959,800,000 4,533,700,000
Parts, service and collision repair      
Revenues:      
Total revenues 1,759,500,000 1,599,700,000 1,340,400,000
Cost of Sales:      
Total cost of sales (885,500,000) (807,200,000) (667,500,000)
Cost of Sales 885,500,000 807,200,000 667,500,000
Finance, insurance and other, net      
Revenues:      
Total revenues 683,700,000 $ 679,100,000 $ 637,200,000
Total_Vehicles [Member]      
Revenues:      
Total revenues $ 11,929,200,000    

Source