AutoNation 2003 Annual Report Download - page 81

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Table of Contents
AUTONATION, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table sets forth, for the periods indicated, the high and low prices per share of the Company’s Common Stock as reported by
the New York Stock Exchange:
High Low
2003
Fourth Quarter $19.00 $17.17
Third Quarter $19.19 $15.36
Second Quarter $16.45 $12.63
First Quarter $13.91 $11.61
2002
Fourth Quarter $12.63 $9.05
Third Quarter $14.79 $10.17
Second Quarter $18.73 $13.50
First Quarter $14.30 $10.64
24. PRIOR YEAR RECLASSIFICATIONS AND DISAGGREGATIONS
Certain reclassifications of amounts previously reported have been made to the accompanying Consolidated Financial Statements as of
December 31, 2002 and for the years ended December 31, 2002 and 2001, in order to maintain consistency and comparability between
periods presented as follows:
• Certain amounts within Intangible Assets, Net and Deferred Income Taxes and Other Tax Liabilities have been revised from the
previously reported financial statements to conform to the financial statement presentation of the current period.
• Finance and Insurance Revenue have been adjusted to include corporate volume incentives that were previously included in Other
Revenue.
• Used Vehicle Revenue and Cost of Sales have been adjusted to include the results of wholesale operations that were previously
included in Other Revenue and Cost of Sales.
Certain revisions of amounts initially reported in the Company’s 2001 Form 10-K have been made to the accompanying Consolidated
Financial Statements and related notes as of December 31, 2001 and for the year ended December 31, 2001. In order to maintain
consistency and comparability between periods presented, certain amounts have been reclassified from the initially reported financial
statements and disaggregations of certain disclosures have been made to conform to the financial statement presentation of the current
period as follows:
• Consolidated Income Statements:
– Components of cost of operations and gross profit categories are disclosed.
– Floorplan interest expense, which previously was classified as a component of cost of operations, are presented as Floorplan
Interest Expense below Operating Income in the accompanying Consolidated Income Statements.
• Consolidated Statements of Cash Flows:
– Purchase of property and equipment and property lease buy-outs are separately disclosed.
– Proceeds from the sales of property and equipment and assets held for sale are separately disclosed.
72