ASBURY AUTOMOTIVE GROUP, INC. ABG Income Statement

Asbury automotive group, inc. (ABG)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUE:
New vehicle
3,813	3,863	3,846	3,839	3,803	3,788	3,730	3,631	3,585	3,561	3,532	3,591	3,606	3,611	3,608	3,631	3,660	3,652	3,572	3,429	3,335	3,230	3,163	3,101	3,013	2,952	2,881	2,793	2,697	2,608	2,449	2,328	2,250	2,240	2,249	2,247	0	0	0
Used vehicle
2,114	2,131	2,063	2,014	1,997	1,972	1,936	1,894	1,856	1,834	1,865	1,886	1,877	1,876	1,865	1,881	1,919	1,931	1,896	1,860	1,798	1,741	1,699	1,664	1,614	1,564	1,504	1,416	1,351	1,301	1,257	1,242	1,228	1,208	1,216	1,177	0	0	0
Parts and service
903	899	880	859	839	821	806	797	793	786	783	786	780	778	770	760	753	740	726	703	683	666	652	637	623	611	596	584	572	565	550	550	554	555	569	569	0	0	0
Finance and insurance, net
314	316	309	302	295	292	287	282	277	275	270	268	264	261	258	261	264	263	255	246	236	229	223	219	213	206	197	186	175	166	156	148	142	137	134	128	0	0	0
TOTAL REVENUE
7,146	7,210	7,100	7,015	6,936	6,874	6,761	6,605	6,514	6,456	6,452	6,533	6,528	6,527	6,501	6,535	6,597	6,588	6,450	6,240	6,053	5,867	5,738	5,623	5,465	5,334	5,180	4,981	4,797	4,641	4,413	4,269	4,176	4,141	4,170	4,122	0	0	0
COST OF SALES:
New vehicle
3,655	3,703	3,687	3,677	3,638	3,623	3,562	3,464	3,418	3,392	3,362	3,415	3,423	3,424	3,417	3,436	3,462	3,449	3,368	3,228	3,132	3,032	2,967	2,909	2,827	2,770	2,704	2,621	2,529	2,441	2,289	2,170	2,094	2,088	2,100	2,101	0	0	0
Used vehicle
1,984	1,997	1,931	1,881	1,867	1,842	1,809	1,771	1,735	1,712	1,742	1,762	1,751	1,749	1,736	1,749	1,786	1,799	1,764	1,731	1,669	1,613	1,573	1,539	1,492	1,444	1,387	1,303	1,243	1,197	1,156	1,143	1,127	1,108	1,113	1,075	0	0	0
Parts and service
344	340	332	322	313	305	299	297	298	296	294	297	295	295	293	288	282	278	272	263	258	254	252	249	245	243	241	240	238	238	232	235	241	244	254	256	0	0	0
TOTAL COST OF SALES
5,984	6,041	5,951	5,881	5,819	5,771	5,671	5,533	5,452	5,400	5,400	5,475	5,470	5,469	5,447	5,473	5,532	5,527	5,405	5,223	5,060	4,900	4,793	4,697	4,565	4,458	4,333	4,164	4,011	3,878	3,678	3,549	3,462	3,441	3,468	3,432	0	0	0
GROSS PROFIT
1,162	1,168	1,149	1,134	1,116	1,103	1,089	1,071	1,061	1,055	1,052	1,057	1,058	1,058	1,054	1,061	1,065	1,060	1,045	1,016	993	967	944	925	899	876	847	816	785	763	735	719	714	700	702	689	0	0	0
OPERATING EXPENSES:
Selling, general, and administrative
803	799	785	772	762	755	744	737	732	729	732	735	732	732	732	735	735	729	717	700	687	671	657	645	629	617	599	580	565	554	536	534	536	531	540	529	0	0	0
Depreciation and amortization
37	36	35	34	34	33	33	32	32	32	31	31	31	30	30	30	29	29	29	28	27	26	25	25	24	24	23	23	22	22	22	22	22	22	22	21	0	0	0
Franchise rights impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating expense, net
-9	-0	-1	-1	-0	1	0	0	-2	-1	5	4	6	2	-3	-2	-2	0	-0	-1	-1	-1	-0	-2	-7	-7	-7	-5	-0	-0	-30	-29	-25	-15	15	13	0	0	0
INCOME FROM OPERATIONS
282	325	323	321	315	310	307	296	288	287	293	294	301	297	287	293	297	301	297	287	277	268	260	252	237	226	216	207	197	185	176	160	150	131	124	125	0	0	0
OTHER EXPENSES (INCOME):
Floor plan interest expense
34	37	39	38	36	32	28	25	24	22	22	21	20	19	18	17	16	16	15	14	13	12	12	12	12	12	12	12	12	11	10	10	9	9	9	9	0	0	0
Other interest expense, net
58	54	54	54	54	53	53	53	53	53	53	53	53	53	52	50	47	44	42	41	40	38	37	38	38	39	38	36	35	35	35	36	38	39	39	38	0	0	0
Swap interest expense
-	-	0	0	-	0	0	1	1	2	2	2	2	3	3	3	3	3	2	2	1	2	1	1	1	2	3	4	4	5	5	5	5	5	5	6	0	0	0
Convertible debt discount amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	1	0	0	0
Gain (Loss) on Extinguishment of Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	0	-
Gain on divestitures
45	11	11	11	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total other expenses, net
-67	-81	-82	-81	-90	-86	-82	-80	-79	-78	-32	-31	-30	-30	-60	-36	-32	-28	-70	-89	-87	-85	-51	-59	-60	-60	-61	-53	-52	-52	-52	-53	-54	-56	-57	-56	0	0	0
INCOME BEFORE INCOME TAXES
214	243	240	240	225	224	225	216	209	209	261	263	270	267	226	257	265	273	227	198	189	183	208	192	177	165	155	154	144	133	123	107	96	75	67	69	0	0	0
Income tax expense
51	59	59	59	56	56	55	59	64	70	97	97	100	100	85	96	100	104	87	76	73	71	81	75	69	64	58	57	54	50	47	41	36	28	25	26	0	0	0
INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	160	164	169	140	121	116	112	127	117	108	101	96	96	90	83	76	66	59	46	41	42	0	0	0
Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-0	-0	-0	0	-0	-0	-0	-0	-0	8	8	6	7	-1	4	6	6	21	17	17	0	0	0
Net Income (Loss) Attributable to Parent
163	184	181	180	168	168	170	156	145	139	163	165	170	167	141	159	164	169	139	121	116	111	126	116	108	109	105	103	97	82	80	72	65	67	58	59	0	0	0
EARNINGS PER SHARE:
Basic—
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.66	1.28	1.62	1.98	1.53	1.31	0.43	1.09	1.19	1.04	0.90	0.74	0.88	0.77	0.73	0.73	0.67	0.55	0.49	0.39	0.44	0.14	0.33	0.41
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	-0.01	-0.01	-0.02	0.00	0.00	0.28	-0.01	-0.06	0.01	0.02	0.21	0.00	0.00	0.47	0.06	-0.01
Net income (in dollars per share)
1.02	2.29	2.36	2.87	2.13	2.06	2.22	2.13	1.95	2.05	1.49	1.53	1.62	3.02	1.47	1.66	1.28	1.62	1.97	1.53	1.31	0.43	1.09	1.18	1.03	0.88	0.74	0.88	1.05	0.72	0.67	0.68	0.57	0.70	0.39	0.44	0.61	0.39	0.40
Diluted—
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.65	1.27	1.64	1.96	1.52	1.30	0.42	1.08	1.19	1.03	0.88	0.73	0.87	0.77	0.72	0.72	0.66	0.54	0.49	0.38	0.43	0.13	0.33	0.40
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.00	0.00	0.00	0.01	0.00	-0.01	-0.01	-0.01	0.00	0.00	0.27	0.00	-0.06	0.01	0.02	0.19	0.00	0.00	0.46	0.05	-0.01
Net income (in dollars per share)
1.01	2.27	2.33	2.84	2.11	2.06	2.18	2.11	1.93	2.01	1.48	1.52	1.61	3.01	1.47	1.65	1.27	1.63	1.96	1.52	1.30	0.43	1.08	1.18	1.02	0.87	0.73	0.87	1.04	0.72	0.66	0.67	0.56	0.68	0.38	0.43	0.59	0.38	0.39
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic (in shares)
19	19	19	19	19	19	20	20	20	20	20	20	21	21	22	22	24	25	25	26	27	29	29	30	30	30	30	30	30	31	31	31	31	31	31	32	32	32	32
Stock options (in shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0
Restricted stock (in shares)
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-0	0	0	0	0	0
Diluted (in shares)
19	19	19	19	19	19	20	20	20	21	20	21	21	21	22	22	24	24	26	27	27	29	30	30	30	31	31	31	31	31	31	31	31	31	32	32	33	33	33