AutoNation 2015 Annual Report Download - page 30
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Table of Contents
Revenue:
New vehicle $ 11,995.0
$ 10,972.2
$ 1,022.8
9.3
$ 9,949.6
$ 1,022.6
10.3
Retail used vehicle 4,370.3
3,988.9
381.4
9.6
3,697.9
291.0
7.9
Wholesale 398.4
396.8
1.6
0.4
429.5
(32.7)
(7.6)
Used vehicle 4,768.7
4,385.7
383.0
8.7
4,127.4
258.3
6.3
Finance and insurance, net 868.7
750.8
117.9
15.7
674.0
76.8
11.4
Total variable operations(1) 17,632.4
16,108.7
1,523.7
9.5
14,751.0
1,357.7
9.2
Parts and service 3,082.8
2,822.5
260.3
9.2
2,597.4
225.1
8.7
Other 146.8
177.6
(30.8)
169.2
8.4
Total revenue $ 20,862.0
$ 19,108.8
$ 1,753.2
9.2
$ 17,517.6
$ 1,591.2
9.1
Gross profit:
New vehicle $ 673.1
$ 650.1
$ 23.0
3.5
$ 616.4
$ 33.7
5.5
Retail used vehicle 358.4
363.2
(4.8)
(1.3)
325.2
38.0
11.7
Wholesale (4.7)
(2.6)
(2.1)
4.5
(7.1)
Used vehicle 353.7
360.6
(6.9)
(1.9)
329.7
30.9
9.4
Finance and insurance 868.7
750.8
117.9
15.7
674.0
76.8
11.4
Total variable operations(1) 1,895.5
1,761.5
134.0
7.6
1,620.1
141.4
8.7
Parts and service 1,338.0
1,196.6
141.4
11.8
1,105.8
90.8
8.2
Other 28.0
30.6
(2.6)
34.0
(3.4)
Total gross profit 3,261.5
2,988.7
272.8
9.1
2,759.9
228.8
8.3
Selling, general, and administrative expenses 2,263.5
2,079.6
(183.9)
(8.8)
1,935.0
(144.6)
(7.5)
Depreciation and amortization 127.4
106.9
(20.5)
95.3
(11.6)
Franchise rights impairment 15.4
—
(15.4)
—
—
Other income, net (17.9)
(18.6)
(0.7)
(10.7)
7.9
Operating income 873.1
820.8
52.3
6.4
740.3
80.5
10.9
Non-operating income (expense) items:
Floorplan interest expense (58.3)
(53.3)
(5.0)
(53.4)
0.1
Other interest expense (90.9)
(86.7)
(4.2)
(88.3)
1.6
Loss on debt extinguishment —
(1.6)
1.6
—
(1.6)
Interest income 0.1
0.2
(0.1)
0.2
—
Other income (loss), net (1.3)
2.9
(4.2)
5.6
(2.7)
Income from continuing
operations before income taxes $ 722.7
$ 682.3
$ 40.4
5.9
$ 604.4
$ 77.9
12.9
Retail vehicle unit sales:
New vehicle 339,080
318,008
21,072
6.6
292,922
25,086
8.6
Used vehicle 227,290
214,910
12,380
5.8
204,572
10,338
5.1
566,370
532,918
33,452
6.3
497,494
35,424
7.1
Revenue per vehicle retailed:
New vehicle $ 35,375
$ 34,503
$ 872
2.5
$ 33,967
$ 536
1.6
Used vehicle $ 19,228
$ 18,561
$ 667
3.6
$ 18,076
$ 485
2.7
Gross profit per vehicle retailed:
New vehicle $ 1,985
$ 2,044
$ (59)
(2.9)
$ 2,104
$ (60)
(2.9)
Used vehicle $ 1,577
$ 1,690
$ (113)
(6.7)
$ 1,590
$ 100
6.3
Finance and insurance $ 1,534
$ 1,409
$ 125
8.9
$ 1,355
$ 54
4.0
Total variable operations(2) $ 3,355
$ 3,310
$ 45
1.4
$ 3,247
$ 63
1.9
(1) Total variable operations includes new vehicle, used vehicle (retail and wholesale), and finance and insurance results.
(2) Total variable operations gross profit per vehicle retailed is calculated by dividing the sum of new vehicle, retail used vehicle, and finance and insurance gross profit by total
retail vehicle unit sales.
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