Annual report pursuant to Section 13 and 15(d)

Segment Information (Tables)

v3.3.1.900
Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Summary of Reportable Operating Segment

Reportable segment revenue, segment income, floor plan interest expense, depreciation and amortization, capital expenditures and total assets are as follows:

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands)

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

$

9,547,236

 

 

$

9,191,661

 

 

$

8,843,168

 

EchoPark®

 

 

77,063

 

 

 

5,438

 

 

 

-

 

Total consolidated revenues

 

$

9,624,299

 

 

$

9,197,099

 

 

$

8,843,168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands)

 

Segment income (loss) (1):

 

 

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

$

213,224

 

 

$

230,733

 

 

$

218,139

 

EchoPark®

 

 

(17,257

)

 

 

(15,913

)

 

 

(5,490

)

Total segment income (loss)

 

 

195,967

 

 

 

214,820

 

 

 

212,649

 

Interest expense, other, net

 

 

(50,910

)

 

 

(53,190

)

 

 

(55,485

)

Other income (expense), net

 

 

99

 

 

 

97

 

 

 

(28,143

)

Income (loss) from continuing operations before taxes

 

$

145,156

 

 

$

161,727

 

 

$

129,021

 

(1) Segment income (loss) for each segment is defined as operating income less floor plan interest expense.

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands)

 

Floor plan interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

$

20,727

 

 

$

18,727

 

 

$

21,954

 

EchoPark®

 

 

599

 

 

 

66

 

 

 

-

 

Total floor plan interest expense

 

$

21,326

 

 

$

18,793

 

 

$

21,954

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands)

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

$

65,766

 

 

$

58,001

 

 

$

54,007

 

EchoPark®

 

 

3,033

 

 

 

259

 

 

 

-

 

Total depreciation and amortization

 

$

68,799

 

 

$

58,260

 

 

$

54,007

 

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

 

 

(In thousands)

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

$

148,593

 

 

$

117,129

 

 

$

151,947

 

EchoPark®

 

 

24,656

 

 

 

29,303

 

 

 

5,670

 

Total capital expenditures

 

$

173,249

 

 

$

146,432

 

 

$

157,617

 

 

 

 

 

 

December 31,

 

 

 

 

 

2015

 

 

2014

 

 

 

 

 

(In thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

Franchised Dealerships

 

 

 

$

2,211,232

 

 

$

1,841,950

 

EchoPark®

 

 

 

 

76,808

 

 

 

42,115

 

Corporate and other:

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents

 

 

 

 

3,625

 

 

 

4,182

 

Goodwill, Net

 

 

 

 

471,493

 

 

 

475,929

 

Other Intangible Assets, Net

 

 

 

 

80,876

 

 

 

83,720

 

Other Corporate and other assets

 

 

 

 

718,347

 

 

 

720,357

 

Total assets

 

 

 

$

3,562,381

 

 

$

3,168,253