Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2021

The changes in the carrying amount of franchise assets and goodwill for 2021 and 2020 were as follows:


	Franchise Assets		Net Goodwill
	(In millions)
Balance at December 31, 2019	$	64.3	$	475.8	(1)
Additions through current year acquisitions	—		6.7
Reductions from dispositions	—		(0.5)
Reductions from impairment	—		(268.0)
Balance at December 31, 2020	$	64.3	$	214.0	(2)
Additions through current year acquisitions	415.9		204.0		(3)
Reductions from dispositions	—		(0.2)

Prior year acquisition allocations	—		(1.4)
Balance at December 31, 2021	$	480.2	$	416.4	(2)

(1)Net of accumulated impairment losses of $796.7 million.

(2)Net of accumulated impairment losses of $1.1 billion.