Annual report pursuant to Section 13 and 15(d)

Business Acquisitions and Dispositions (Tables)

v2.4.1.9
Business Acquisitions and Dispositions (Tables)
 12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]  
Summary of Consolidated Pro Forma Results of Future Operations

The following pro forma results from continuing operations are not necessarily indicative of the results of future operations:

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

 

2014

 

 

2013

 

 

 

 

 

 

(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

 

$

9,324,013

 

 

$

9,000,959

 

 

 

Gross profit

 

 

$

1,382,600

 

 

$

1,322,044

 

 

 

Income from continuing operations before taxes

 

 

$

164,493

 

 

$

131,594

 

 

 

Net income from continuing operations

 

 

$

100,245

 

 

$

86,367

 

 

 

Diluted earnings per share from continuing operations

 

 

$

1.90

 

 

$

1.62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Results Associated with Dealerships Classified as Discontinued Operations

Results associated with dealerships classified as discontinued operations were as follows:

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

(2,515

)

 

$

(978

)

 

$

(9,946

)

 

 

Gain (loss) on disposal

 

 

199

 

 

 

(457

)

 

 

10,265

 

 

 

Lease exit accrual adjustments and charges

 

 

152

 

 

 

(2,582

)

 

 

(4,293

)

 

 

Property impairment charges

 

 

-

 

 

 

-

 

 

 

(510

)

 

 

Pre-tax income (loss)

 

$

(2,164

)

 

$

(4,017

)

 

$

(4,484

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues

 

$

-

 

 

$

-

 

 

$

182,884

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Results Associated with Disposed Dealerships That Remain in Continued Operations

Revenues and other activities associated with disposed dealerships that remain in continuing operations were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

 

 

2014

 

 

2013

 

 

2012

 

 

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from operations

 

$

(787

)

 

$

(485

)

 

$

(424

)

 

 

Gain (loss) on disposal

 

 

11,079

 

 

 

-

 

 

 

10

 

 

 

Property impairment charges

 

 

-

 

 

 

(5,565

)

 

 

-

 

 

 

Pre-tax income (loss)

 

$

10,292

 

 

$

(6,050

)

 

$

(414

)

 

 

Total revenues

 

$

205,559

 

 

$

310,919

 

 

$

294,083