Sonic Automotive, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

Reportable segment revenues and segment income (loss) for the three months ended March 31, 2019 and 2018 are as follows:


	Three Months Ended March 31,
	2019		2018
	(In thousands)
Revenues:
Franchised Dealerships Segment	$	2,139,571	$	2,269,269
EchoPark Segment	249,567		131,504
Total consolidated revenues	$	2,389,138	$	2,400,773


	Three Months Ended March 31,
	2019		2018
	(In thousands)
Segment income (loss) (1):
Franchised Dealerships Segment (2)	$	73,531	$	23,835
EchoPark Segment (3)	558		(14,324)
Total segment income (loss)	74,089		9,511
Interest expense, other, net	(12,853)		(13,456)
Other income (expense), net	100		89
Income (loss) from continuing operations before taxes	$	61,336	$	(3,856)

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

(2) For the three months ended March 31, 2019, the above amount includes approximately $46.7 million of net gain on the disposal of franchised dealerships, offset partially by approximately $6.3 million related to executive transition costs. For the three months ended March 31, 2018, the above amount includes approximately $4.8 million of lease exit charges, approximately $3.6 million of impairment charges and approximately $1.5 million of legal and other charges, offset partially by a net gain on the disposal of franchised dealerships of approximately $1.2 million.

(3) For the three months ended March 31, 2019, the above amount includes approximately $1.9 million of impairment charges related to fair value adjustments of real estate at former locations classified as held for sale. For the three months ended March 31, 2018, the above amount includes approximately $9.2 million of long-term compensation-related charges.