Asbury automotive group, inc. (ABG)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
REVENUE:
New vehicle

3,863

3,788

3,561

3,611

3,652

3,230

2,952

2,608

2,240

2,077

1,830

Used vehicle

2,131

1,972

1,834

1,876

1,931

1,741

1,564

1,301

1,208

1,041

894

Parts and service

899

821

786

778

740

666

611

565

555

531

557

Finance and insurance, net

316

292

275

261

263

229

206

166

137

111

89

TOTAL REVENUE

7,210

6,874

6,456

6,527

6,588

5,867

5,334

4,641

4,141

3,761

3,371

COST OF SALES:
New vehicle

3,703

3,623

3,392

3,424

3,449

3,032

2,770

2,441

2,088

1,940

1,700

Used vehicle

1,997

1,842

1,712

1,749

1,799

1,613

1,444

1,197

1,108

952

816

Parts and service

340

305

296

295

278

254

243

238

244

241

271

TOTAL COST OF SALES

6,041

5,771

5,400

5,469

5,527

4,900

4,458

3,878

3,441

3,134

2,787

GROSS PROFIT

1,168

1,103

1,055

1,058

1,060

967

876

763

700

627

584

OPERATING EXPENSES:
Selling, general, and administrative

799

755

729

732

729

671

617

554

531

484

467

Depreciation and amortization

36

33

32

30

29

26

24

22

22

20

21

Franchise rights impairment

7

3

5

0

0

-

-

-

-

-

-

Other operating expense, net

-0

1

-1

2

0

-1

-7

-0

-15

0

-1

INCOME FROM OPERATIONS

325

310

287

297

301

268

226

185

131

122

96

OTHER EXPENSES (INCOME):
Floor plan interest expense

37

32

22

19

16

12

12

11

9

9

10

Other interest expense, net

54

53

53

53

44

38

39

35

39

35

36

Swap interest expense

0

0

2

3

3

2

2

5

5

6

6

Convertible debt discount amortization

-

-

-

-

-

-

-

0

0

1

1

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-31

-6

0

-0

-12

0

Gain on divestitures

11

0

0

45

34

0

0

-

-

-

-

Total other expenses, net

-81

-86

-78

-30

-28

-85

-60

-52

-56

-65

-55

INCOME BEFORE INCOME TAXES

243

224

209

267

273

183

165

133

75

57

41

Income tax expense

59

56

70

100

104

71

64

50

28

22

15

INCOME FROM CONTINUING OPERATIONS

-

-

-

-

169

112

101

83

46

35

25

Discontinued operations, net of tax

-

-

-

-

-0

-0

8

-1

21

2

-12

Net Income (Loss) Attributable to Parent

184

168

139

167

169

111

109

82

67

38

13

EARNINGS PER SHARE:
Basic—
Continuing operations (in dollars per share)

-

-

-

-

6.44

3.75

3.29

2.68

1.46

1.10

0.80

Discontinued operations (in dollars per share)

-

-

-

-

-0.01

-0.02

0.26

-0.04

0.68

0.08

-0.38

Net income (in dollars per share)

9.65

8.36

6.69

7.43

6.43

3.73

3.55

2.64

2.14

1.18

0.42

Diluted—
Continuing operations (in dollars per share)

-

-

-

-

6.42

3.72

3.25

2.64

1.43

1.06

0.78

Discontinued operations (in dollars per share)

-

-

-

-

-0.01

-0.01

0.26

-0.03

0.65

0.08

-0.37

Net income (in dollars per share)

9.55

8.28

6.62

7.40

6.41

3.71

3.51

2.61

2.08

1.14

0.41

WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)

19

20

20

22

26

29

30

31

31

32

32

Stock options (in shares)

-

-

-

-

-

-

-

0

0

0

0

Restricted stock (in shares)

0

0

0

0

0

0

0

0

0

0

0

Performance share units (in shares)

0

0

0

0

0

0

0

0

0

0

0

Restricted share units

-

-

-

-

-

-

-

-

-

-

0

Diluted (in shares)

19

20

21

22

26

30

31

31

32

33

32