Segment Information - Summary of Reportable Operating Segment (Details) |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2020
USD ($)
retail_Units
|
Sep. 30, 2019
USD ($)
retail_Units
|
Sep. 30, 2020
USD ($)
retail_Units
|
Sep. 30, 2019
USD ($)
retail_Units
|
Dec. 31, 2019
USD ($)
|
Dec. 31, 2018
USD ($)
|
|
Revenues: | ||||||
Total consolidated revenues | $ 2,548,545,000 | $ 2,702,720,000 | $ 6,968,487,000 | $ 7,705,939,000 | ||
Segment income (loss): | ||||||
Segment income (loss) | 96,433,000 | 65,196,000 | (71,898,000) | 215,484,000 | ||
Interest expense, other, net | (10,762,000) | (13,013,000) | (31,523,000) | (39,494,000) | ||
Other income (expense), net | 1,000 | (5,000) | 100,000 | 90,000 | ||
Income (loss) from continuing operations before taxes | 80,673,000 | 40,540,000 | (125,142,000) | 138,698,000 | ||
Executive transition costs | 6,300,000 | |||||
Impairment charges | $ (26,000) | $ (1,124,000) | (268,859,000) | (3,076,000) | ||
Impairment of Long-Lived Assets to be Disposed of | $ 900,000 | $ 3,100,000 | ||||
Retail Units | retail_Units | 65,590 | 72,600 | 184,409 | 205,914 | ||
Depreciation, Depletion and Amortization | $ 22,934,000 | $ 23,665,000 | $ 67,879,000 | $ 70,120,000 | ||
FloorPlanInterestExpense | 4,999,000 | 11,638,000 | 21,821,000 | 37,382,000 | ||
Interest Expense, Other | 10,762,000 | 13,013,000 | 31,523,000 | 39,494,000 | ||
Payments to Acquire Property, Plant, and Equipment | 30,322,000 | 23,315,000 | 92,056,000 | 74,549,000 | ||
Cash and cash equivalents | 125,739,000 | 2,401,000 | 125,739,000 | 2,401,000 | $ 29,103,000 | $ 5,854,000 |
Assets | 3,503,917,000 | 3,503,917,000 | 4,071,035,000 | |||
Gain on Franchise Disposal | 46,700,000 | |||||
Executive transition costs | 6,300,000 | |||||
Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 2,163,463,000 | 2,390,503,000 | 5,936,418,000 | 6,852,474,000 | ||
Segment income (loss): | ||||||
Interest expense, other, net | (10,615,000) | (12,607,000) | (30,771,000) | (38,214,000) | ||
Impairment charges | $ (900,000) | $ 0 | $ 268,000,000.0 | $ (26,000) | ||
Retail Units | retail_Units | 50,463 | 59,394 | 142,089 | 169,070 | ||
Depreciation, Depletion and Amortization | $ 20,170,000 | $ 20,967,000 | $ 59,654,000 | $ 62,348,000 | ||
FloorPlanInterestExpense | 4,234,000 | 10,679,000 | 19,517,000 | 34,781,000 | ||
Interest Expense, Other | 10,615,000 | 12,607,000 | 30,771,000 | 38,214,000 | ||
Payments to Acquire Property, Plant, and Equipment | 18,237,000 | 21,141,000 | 70,875,000 | 62,819,000 | ||
Assets | 2,975,380,000 | 2,975,380,000 | 3,797,878,000 | |||
EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 385,082,000 | 312,217,000 | 1,032,069,000 | 853,465,000 | ||
Segment income (loss): | ||||||
Interest expense, other, net | (147,000) | (406,000) | (752,000) | (1,280,000) | ||
Impairment charges | $ 0 | $ (1,124,000) | $ 0 | (3,050,000) | ||
Impairment of Long-Lived Assets to be Disposed of | $ 3,100,000 | |||||
Retail Units | retail_Units | 15,127 | 13,206 | 42,320 | 36,844 | ||
Depreciation, Depletion and Amortization | $ 2,764,000 | $ 2,698,000 | $ 8,225,000 | $ 7,772,000 | ||
FloorPlanInterestExpense | 765,000 | 959,000 | 2,304,000 | 2,601,000 | ||
Interest Expense, Other | 147,000 | 406,000 | 752,000 | 1,280,000 | ||
Payments to Acquire Property, Plant, and Equipment | 12,085,000 | 2,174,000 | 21,181,000 | 11,730,000 | ||
Assets | 402,798,000 | 402,798,000 | $ 244,054,000 | |||
Operating segments | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 80,699,000 | 41,664,000 | 143,717,000 | 141,774,000 | ||
Operating segments | Franchised Dealerships Segment | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 80,460,000 | 38,417,000 | 138,805,000 | 134,727,000 | ||
Operating segments | Franchised Dealerships Segment | Income (loss) from continuing operations before taxes | ||||||
Segment income (loss): | ||||||
Gain on disposal | 3,200,000 | |||||
Impairment charges | (1,100,000) | |||||
Operating segments | EchoPark Segment | ||||||
Segment income (loss): | ||||||
Segment income (loss) | 239,000 | 3,247,000 | 4,912,000 | 7,047,000 | ||
Reconciling items | ||||||
Segment income (loss): | ||||||
Interest expense, other, net | (268,859,000) | (3,076,000) | ||||
Other income (expense), net | 80,673,000 | 40,540,000 | (125,142,000) | 138,698,000 | ||
Impairment charges | 26,000 | 1,124,000 | ||||
Interest Expense, Other | 268,859,000 | 3,076,000 | ||||
New vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 1,098,302,000 | 1,258,018,000 | 2,957,794,000 | 3,529,106,000 | ||
New vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 1,098,302,000 | 1,258,018,000 | 2,957,794,000 | 3,529,106,000 | ||
Used vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 946,028,000 | 914,272,000 | 2,604,957,000 | 2,620,264,000 | ||
Used vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 615,565,000 | 648,006,000 | 1,718,151,000 | 1,889,045,000 | ||
Used vehicles | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 330,463,000 | 266,266,000 | 886,806,000 | 731,219,000 | ||
Wholesale vehicles | ||||||
Revenues: | ||||||
Total consolidated revenues | 56,502,000 | 51,542,000 | 138,221,000 | 156,351,000 | ||
Wholesale vehicles | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 48,526,000 | 44,517,000 | 119,474,000 | 140,770,000 | ||
Wholesale vehicles | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 7,976,000 | 7,025,000 | 18,747,000 | 15,581,000 | ||
Parts, service and collision repair | ||||||
Revenues: | ||||||
Total consolidated revenues | 320,929,000 | 352,047,000 | 914,667,000 | 1,048,789,000 | ||
Parts, service and collision repair | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 310,035,000 | 343,820,000 | 886,534,000 | 1,027,382,000 | ||
Parts, service and collision repair | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 10,894,000 | 8,227,000 | 28,133,000 | 21,407,000 | ||
Finance, insurance and other, net | ||||||
Revenues: | ||||||
Total consolidated revenues | 126,784,000 | 126,841,000 | 352,848,000 | 351,429,000 | ||
Finance, insurance and other, net | Franchised Dealerships Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | 91,035,000 | 96,142,000 | 254,465,000 | 266,171,000 | ||
Finance, insurance and other, net | EchoPark Segment | ||||||
Revenues: | ||||||
Total consolidated revenues | $ 35,749,000 | $ 30,699,000 | $ 98,383,000 | $ 85,258,000 |