AutoNation 2006 Annual Report Download - page 45

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Table of Contents




  
Revenue:
New vehicle $ 11,163.0 $ 11,224.0 $11,258.0
Used vehicle 4,518.1 4,315.0 4,102.6
Parts and service 2,600.4 2,508.5 2,366.9
Finance and insurance, net 634.3 601.0 590.8
Other 72.8 81.0 82.2
TOTAL REVENUE 18,988.6 18,729.5 18,400.5
Cost of Sales:
New vehicle 10,345.8 10,407.3 10,448.7
Used vehicle 4,109.0 3,896.2 3,718.5
Parts and service 1,459.0 1,408.5 1,330.2
Other 30.4 33.4 35.6
TOTAL COST OF SALES 15,944.2 15,745.4 15,533.0
Gross Profit:
New vehicle 817.2 816.7 809.3
Used vehicle 409.1 418.8 384.1
Parts and service 1,141.4 1,100.0 1,036.7
Finance and insurance 634.3 601.0 590.8
Other 42.4 47.6 46.6
TOTAL GROSS PROFIT 3,044.4 2,984.1 2,867.5
Selling, general & administrative expenses 2,165.0 2,100.9 2,029.8
Depreciation and amortization 82.9 78.4 79.2
Other expenses (income), net (.1) .8 4.0
OPERATING INCOME 796.6 804.0 754.5
Floorplan interest expense (142.0) (105.5) (74.7)
Other interest expense (90.9) (63.3) (76.3)
Other interest expense — senior note repurchases (34.5) (17.4) (.6)
Interest income 8.3 7.5 3.5
Other gains (losses), net 4.6 (.1) (5.1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 542.1 625.2 601.3
PROVISION FOR INCOME TAXES 210.7 228.3 208.4
NET INCOME FROM CONTINUING OPERATIONS 331.4 396.9 392.9
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME
TAXES (14.5) 99.6 40.7
NET INCOME $ 316.9 $ 496.5 $ 433.6
BASIC EARNINGS (LOSS) PER SHARE:
Continuing operations $ 1.47 $ 1.51 $ 1.47
Discontinued operations $ (.06) $ .38 $ .15
Net income $ 1.41 $ 1.89 $ 1.63
Weighted average common shares outstanding 225.2 262.7 266.7
DILUTED EARNINGS (LOSS) PER SHARE:
Continuing operations $ 1.45 $ 1.48 $ 1.44
Discontinued operations $ (.06) $ .37 $ .15
Net income $ 1.38 $ 1.85 $ 1.59
Weighted average common shares outstanding 229.3 268.0 272.5
COMMON SHARES OUTSTANDING, net of treasury stock 206.8 262.2 264.3
The accompanying notes are an integral part of these statements.
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