AutoNation 2007 Annual Report Download - page 27

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Table of Contents


 
 
 
      

Revenue:
New vehicle $ 10,195.6 $ 10,985.0 $ (789.4) (7.2) $10,995.8 $ (10.8) (0.1)
Used vehicle 4,241.2 4,413.3 (172.1) (3.9) 4,206.2 207.1 4.9
Parts and service 2,592.7 2,532.6 60.1 2.4 2,439.0 93.6 3.8
Finance and insurance, net 593.7 623.1 (29.4) (4.7) 588.5 34.6 5.9
Other 68.3 72.5 (4.2) 80.8 (8.3)
Total revenue $17,691.5 $18,626.5 $ (935.0) (5.0) $ 18,310.3 $ 316.2 1.7
Gross profit:
New vehicle $ 720.0 $ 805.2 $ (85.2) (10.6) $ 801.9 $ 3.3 0.4
Used vehicle 358.9 400.4 (41.5) (10.4) 407.8 (7.4) (1.8)
Parts and service 1,132.2 1,113.0 19.2 1.7 1,070.2 42.8 4.0
Finance and insurance 593.7 623.1 (29.4) (4.7) 588.5 34.6 5.9
Other 39.6 41.1 (1.5) 46.3 (5.2)
Total gross profit 2,844.4 2,982.8 (138.4) (4.6) 2,914.7 68.1 2.3
Selling, general & administrative expenses 2,046.2 2,109.9 63.7 3.0 2,043.4 (66.5) (3.3)
Depreciation and amortization 91.7 81.4 (10.3) 76.9 (4.5)
Other expenses (income), net 1.7 (0.2) (1.9) 0.5 0.7
Operating income 704.8 791.7 (86.9) (11.0) 793.9 (2.2) (0.3)
Floorplan interest expense (133.1) (138.2) 5.1 (102.3) (35.9)
Other interest expense (114.3) (90.9) (23.4) (63.3) (27.6)
Other interest expense — senior note
repurchases — (34.5) 34.5 (17.4) (17.1)
Interest income 3.4 8.3 (4.9) 7.5 0.8
Other gains (losses), net (1.5) 4.8 (6.3) (0.1) 4.9
Income from continuing operations before
income taxes $ 459.3 $ 541.2 $ (81.9) (15.1) $ 618.3 $ (77.1) (12.5)
Retail vehicle unit sales:
New vehicle 328,963 362,895 (33,932) (9.4) 372,508 (9,613) (2.6)
Used vehicle 206,140 219,271 (13,131) (6.0) 221,640 (2,369) (1.1)
535,103 582,166 (47,063) (8.1) 594,148 (11,982) (2.0)
Revenue per vehicle retailed:
New vehicle $ 30,993 $ 30,270 $ 723 2.4 $ 29,518 $ 752 2.5
Used vehicle $ 16,440 $ 16,107 $ 333 2.1 $ 15,326 $ 781 5.1
Gross profit per vehicle retailed:
New vehicle $ 2,189 $ 2,219 $ (30) (1.4) $ 2,153 $ 66 3.1
Used vehicle $ 1,741 $ 1,826 $ (85) (4.7) $ 1,825 $ 1.0 0.1
Finance and insurance $ 1,110 $ 1,070 $ 40 3.7 $ 990 $ 80 8.1
25