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

Annual report pursuant to Section 13 and 15(d)

Summary of Quarterly Financial Data (Unaudited) (Tables)

Summary of Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Consolidated Statements of Income by Quarter

The following table summarizes our results of operations as presented in the accompanying consolidated statements of income by quarter for 2018 and 2017:


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Year Ended December 31, 2018
Total revenues (1)	$	2,400,773	$	2,505,749	$	2,470,849	$	2,574,259
Gross profit (1)	$	352,499	$	362,375	$	360,536	$	370,715
Net income (loss) (2)	$	(2,194)	$	16,905	$	15,118	$	21,821
Earnings (loss) per common share - Basic (2) (3)	$	(0.05)	$	0.40	$	0.35	$	0.51
Earnings (loss) per common share - Diluted (2) (3)	$	(0.05)	$	0.39	$	0.35	$	0.51
Year Ended December 31, 2017
Total revenues (1)	$	2,287,822	$	2,405,746	$	2,505,701	$	2,667,939
Gross profit (1)	$	350,346	$	360,618	$	362,622	$	384,090
Net income (loss) (2)	$	(541)	$	12,132	$	19,440	$	61,952
Earnings (loss) per common share - Basic (2) (3)	$	(0.01)	$	0.27	$	0.45	$	1.43
Earnings (loss) per common share - Diluted (2) (3)	$	(0.01)	$	0.27	$	0.44	$	1.42

(1) Results are for continuing operations.

(2) Results include both continuing operations and discontinued operations.

(3) The sum of net income per common share for the quarters may not equal the full year amount due to weighted average common shares being calculated on a quarterly versus annual basis.