AutoNation 2001 Annual Report Download - page 49

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STOCK CAPITAL EARNINGS (LOSS) STOCK (LOSS)
------ ---------- -------- ----------- --------- -------------
BALANCE AT DECEMBER 31, 1998........................ $4.7 $4,628.9 $ 930.9 $(4.3) $ (136.0)
Comprehensive income (loss):
Net income........................................ -- -- 282.9 -- -- $282.9
------
Other comprehensive income (loss):
Foreign currency translation adjustments........ -- -- -- -- -- (1.9)
Adjustments to marketable securities and
interest-only strip receivables............... -- -- -- -- -- 12.8
------
Other comprehensive income...................... -- -- -- 10.9 -- 10.9
------
Comprehensive income.......................... -- -- -- -- -- $293.8
======
Purchases of treasury stock....................... -- -- -- -- (1,158.0)
Issuance of treasury stock for employee benefit
plan............................................ -- .1 -- -- 10.4
Exercise of stock options and warrants, including
income tax benefit of $1.1...................... -- 28.5 -- -- --
Other............................................. -- 4.0 -- -- (1.8)
---- -------- -------- ----- ---------
BALANCE AT DECEMBER 31, 1999........................ 4.7 4,661.5 1,213.8 6.6 (1,285.4)
---- -------- -------- ----- ---------
Comprehensive income (loss):
Net income........................................ -- -- 329.9 -- -- $329.9
------
Other comprehensive income (loss):
Foreign currency translation adjustments........ -- -- -- -- -- 6.4
Adjustments to marketable securities and
interest-only strip receivables............... -- -- -- -- -- (12.0)
------
Other comprehensive loss........................ -- -- -- (5.6) -- (5.6)
------
Comprehensive income.......................... -- -- -- -- -- $324.3
======
Purchases of treasury stock....................... -- -- -- -- (188.9)
Spin-off of ANC Rental Corporation................ -- -- (894.4) -- --
Exercise of stock options and warrants, including
income tax benefit of $1.0...................... .1 2.2 -- -- --
Other............................................. -- 1.0 -- (3.0)
---- -------- -------- ----- ---------
BALANCE AT DECEMBER 31, 2000........................ 4.8 4,664.7 649.3 1.0 (1,477.3)
---- -------- -------- ----- ---------
Comprehensive income:
Net income........................................ -- -- 232.3 -- -- $232.3
------
Other comprehensive income:
Adjustments to restricted investments,
marketable securities and interest-only strip
receivables................................... -- -- -- -- -- .6
------
Other comprehensive income...................... -- -- -- .6 -- .6
------
Comprehensive income.......................... -- -- -- -- -- $232.9
======
Purchases of treasury stock....................... -- -- -- -- (256.8)
Exercise of stock options and warrants, including
income tax benefit of $.9....................... -- 10.0 -- -- --
Other............................................. -- (.7) -- --
---- -------- -------- ----- ---------
BALANCE AT DECEMBER 31, 2001........................ $4.8 $4,674.0 $ 881.6 $ 1.6 $(1,734.1)
==== ======== ======== ===== =========
The accompanying notes are an integral part of these statements.
45
AUTONATION, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED DECEMBER 31,
(IN MILLIONS)
2001 2000 1999
------ ------ ---------
CASH PROVIDED BY OPERATING ACTIVITIES:
Net income................................................ $232.3 $329.9 $ 282.9
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization........................... 151.9 133.8 123.0
Amortization of debt issue costs and discounts.......... 2.9 1.8 .3
Deferred income tax provision (benefit)................. (46.1) 91.3 (127.2)
Loan and lease underwriting losses...................... 80.9 16.6 --
Restructuring and impairment charges (recoveries),
net.................................................... 4.5 (20.4) 432.9
Other gains............................................. (19.3) -- --
Gain on sale of marketable securities, net.............. (.4) (23.7) (4.5)
Valuation write-down on equity-method investment........ -- 30.0 --
Gain on sale of subsidiary.............................. -- (53.5) --
Loss (income) from discontinued operations.............. 12.7 (1.8) (314.4)
Other................................................... (1.8) 4.1 (3.7)
Changes in assets and liabilities, net of effects from