AutoNation 2007 Annual Report Download - page 23

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Table of Contents
 SELECTED FINANCIAL DATA
You should read the following Selected Financial Data in conjunction with “Management’s Discussion and Analysis of Financial Condition
and Results of Operations,” our Consolidated Financial Statements and Notes thereto, and other financial information included elsewhere in this
Form 10-K.

    

Revenue $17,691.5 $18,626.5 $18,310.3 $17,915.7 $17,110.0
Income from continuing operations before income taxes $ 459.3 $ 541.2 $ 618.3 $ 590.1 $ 587.1
Net income $ 278.7 $ 316.9 $ 496.5 $ 433.6 $ 479.2
Basic earnings (loss) per share:
Continuing operations $ 1.45 $ 1.47 $ 1.49 $ 1.45 $ 1.80
Discontinued operations $ (.05) $ (.06) $ .40 $ .18 $ (.04)
Cumulative effect of accounting change(1) — — — $ — $ (.05)
Net income $ 1.41 $ 1.41 $ 1.89 $ 1.63 $ 1.71
Weighted average common shares outstanding 198.3 225.2 262.7 266.7 279.5
Diluted earnings (loss) per share:
Continuing operations $ 1.44 $ 1.44 $ 1.46 $ 1.41 $ 1.75
Discontinued operations $ (.05) $ (.06) $ .39 $ .18 $ (.03)
Cumulative effect of accounting change(1) — — — $ — $ (.05)
Net income $ 1.39 $ 1.38 $ 1.85 $ 1.59 $ 1.67
Weighted average common shares outstanding 200.0 229.3 268.0 272.5 287.0
Total assets $ 8,479.6 $ 8,601.4 $ 8,824.5 $ 8,698.9 $ 8,823.1
Long-term debt, net of current maturities $ 1,751.9 $ 1,557.9 $ 484.4 $ 797.7 $ 808.5
Shareholders’ equity $ 3,473.5 $ 3,712.7 $4,669.5 $ 4,263.1 $ 3,949.7
(1) During 2003, we recorded a $14.6 million ($9.1 million after-tax) cumulative effect of accounting change to reflect the deferral of certain
manufacturer allowances, primarily floorplan assistance, into inventory cost upon the adoption of Emerging Issues Task Force Issue
No. 02-16, “Accounting by a Customer (Including a Reseller) for Certain Consideration Received from a Vendor,” as of January 1, 2003.
See the Notes to Consolidated Financial Statements for discussion of Note 9, Shareholders’ Equity, Note 11, Income Taxes, Note 12,
Earnings Per Share, Note 13, Discontinued Operations, and Note 15, Acquisitions, and the effect on comparability of year-to-year data. See
“Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities” for a discussion
of our dividend policy.
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