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

Annual report pursuant to Section 13 and 15(d)

Business Acquisitions and Dispositions (Tables)

Business Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2013

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,
	2013		2012
	(In thousands)
Total revenues	$	8,945,740	$	8,531,424
Gross profit	$	1,318,320	$	1,261,954
Income from continuing operations before taxes	$	129,588	$	142,766
Net income from continuing operations	$	85,024	$	92,197
Diluted earnings per share from continuing operations	$	1.59	$	1.58

Results Associated with Dealerships Classified as Discontinued Operations

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


	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Income (loss) from operations	$	(978	)	$	(9,946	)	$	(8,593	)
Gain (loss) on disposal		(457	)		10,265			(386	)
Lease exit accrual adjustments and charges		(2,582	)		(4,293	)		(171	)
Property impairment charges		—			(510	)		(951	)

Pre-tax income (loss)	$	(4,017	)	$	(4,484	)	$	(10,101	)

Total revenues	$	—		$	182,884		$	350,369

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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