AutoNation 2000 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2000 AutoNation annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 167

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167

executive officers of the registrant. As of March 26, 2001, non-affiliates of
the registrant held 268,630,783 shares of common stock with an aggregate market
value of approximately $2,243,067,038.
DOCUMENTS INCORPORATED BY REFERENCE
Part III Portions of the Registrant's Proxy Statement relating to the 2001
Annual Meeting of Stockholders.
Part IV Portions of previously filed reports and registration statements.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
INDEX
TO FORM 10-K
Page
-----
PART I
Item 1. Business ..................................................................... 1
Item 2. Properties ................................................................... 15
Item 3. Legal Proceedings ............................................................ 15
Item 4. Submission of Matters to a Vote of Security Holders .......................... 16
PART II
Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters .... 17
Item 6. Selected Financial Data ...................................................... 18
Item 7. Management's Discussion and Analysis of Financial Condition and Results of
Operations ................................................................... 19
Item 8. Financial Statements and Supplementary Data .................................. 37
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure ................................................................... 71
PART III
Item 10. Directors and Executive Officers of the Registrant ........................... 71
Item 11. Executive Compensation ....................................................... 71
Item 12. Security Ownership of Certain Beneficial Owners and Management ............... 71
Item 13. Certain Relationships and Related Transactions ............................... 71
PART IV
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K .............. 71
PART I
ITEM 1. BUSINESS
INTRODUCTION
AutoNation, Inc. is the largest automotive retailer in the United States.
As of December 31, 2000, we owned and operated approximately 400 new vehicle
franchises from dealership locations in major metropolitan markets in 18
states, predominantly in the Sunbelt. Our dealerships offer new and used
vehicles for sale. We also offer financing for vehicle purchases, extended
service contracts and other finance and insurance products, as well as other
aftermarket products such as vehicle accessories, upgraded sound systems and
theft deterrent systems. We also offer a wide range of vehicle maintenance and
repair services and we operate collision repair centers in most of our key
markets. The core brands of vehicles that we sell, representing almost 90% of
the new vehicles that we sold in 2000, are Ford (Ford, Lincoln and Mercury),
General Motors (Chevrolet, Pontiac, GMC and Buick), Chrysler (Chrysler, Jeep
and Dodge), Nissan, Toyota and Honda. We also sell several luxury vehicle
brands, including Mercedes-Benz, BMW, Lexus and Porsche. In total, we offer 35