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SONIC AUTOMOTVE   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
New vehicles4,281.224,889.174,974.105,295.055,234.515,265.405,124.034,989.194,715.924,088.10
Used vehicles3,564.833,489.972,973.502,622.052,533.122,512.022,310.252,176.032,053.481,930.85
Wholesale vehicles197.38202.95217.63171.06211.05155.34166.16175.33183.33167.08
Parts, service and collision repair1,233.741,395.301,380.891,416.011,409.821,364.951,296.571,230.181,162.321,125.67
Finance, insurance and other489.87476.95405.52363.03343.29326.59300.10272.44250.42209.11
Total Revenues9,767.0410,454.349,951.639,867.219,731.789,624.309,197.108,843.178,365.477,520.81
Cost of sales--------------------
Parts, service and collision repair639.18727.29713.53732.48735.69699.53673.02633.09593.42572.18
New vehicles4,047.134,656.084,732.605,030.134,973.914,997.474,835.404,699.584,437.583,826.74
Used vehicles3,458.833,342.582,830.512,467.152,374.542,349.982,153.002,025.631,910.021,790.99
Wholesale vehicles198.25207.38228.87179.78218.36162.71169.77183.26189.30172.28
Gross Profit1,423.651,521.021,446.131,457.681,429.271,414.611,365.901,301.611,235.151,158.61
Depreciation and amortization91.0293.1793.6288.9477.4568.8058.2654.0145.2939.45
Goodwill amortization--------------------
Selling, general and administrative expenses1,028.671,099.371,145.331,147.771,110.861,110.571,067.431,003.13949.03899.42
Impairment charges(270.02)(20.77)(29.51)(9.39)(8.06)(17.96)(6.59)(9.87)(0.44)(0.20)
Operating Income (Loss)33.94307.71177.66211.57232.91217.29233.61234.60240.40219.54
Interest expense, floor plan27.2348.5248.4036.4027.7221.3318.7921.9519.4518.41
Interest expense, other, net41.5752.9554.0652.5250.1150.9153.1955.4960.0966.86
Interest expense, non-cash, cash flow swaps--------------------
Interest expense, non-cash, convertible debt--------------------
Other income / (expense), net0.10(6.59)0.11(14.52)0.130.100.10(28.14)(19.63)(1.02)
Total Other income (expense)(68.70)(108.06)(102.35)(103.44)(77.70)(72.14)(71.89)(105.58)(99.17)(86.28)
Income from continuing operations before income taxes(34.76)199.6575.31108.12155.21145.16161.73129.02141.23133.26
Current: Federal33.8262.0237.0334.88(43.66)36.2436.8733.3722.983.68
Current: State16.5512.567.417.29(3.77)6.415.775.651.098.65
Deferred(34.47)(19.47)(21.52)(28.20)(13.28)14.41--5.3325.9039.41
Provision for income taxes15.9055.1122.9213.9760.7057.0763.1744.3449.9751.73
Income from Continuing Operations(50.66)144.5452.3994.1594.5288.0998.5684.6891.2681.53
Income tax (provision) benefit from discontinued operations(1.00)(0.55)(1.02)0.770.801.100.820.962.324.82
Income from Discontinued Operations0.280.150.28(1.94)(2.12)(2.88)(2.16)(4.02)----
Income (loss) from operations and the sale of discontinued franchises----------------(4.48)(10.10)
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle, net of tax benefit--------------------
Net Income (loss)------92.9893.1986.31--81.6289.1076.25
Effect of participating securities: Non-vested restricted stock and stock units--------0.050.04--0.601.381.06
Net Income (loss) Available to Common Shareholders(51.39)144.1451.6592.9893.1486.2897.2281.0287.7275.20
Diluted earnings (loss) and shares--------------------
Earnings per share from continuing operations(1.19)3.361.232.142.071.741.891.601.681.54
Loss per share from discontinued operations(0.02)(0.01)(0.02)(0.03)(0.03)(0.03)(0.03)(0.06)(0.04)(0.10)
Cumulative effect of change in accounting principle- Basic--------------------
Net Earnings Per Share (Basic)(1.21)3.351.212.112.041.711.861.541.641.44
Earnings per share from continuing operations(1.19)3.311.222.122.061.731.871.591.561.37
EPS (DILUTED): Discontinuing Operation(0.02)(0.01)(0.02)(0.03)(0.03)(0.03)--(0.06)(0.03)(0.08)
Cumulative effect of change in accounting principle- Diluted--------------------
Net Earnings Per Share (Diluted)(1.21)3.301.202.092.031.701.841.531.531.29
Weighted Average Shares Outstanding (Basic)42.4843.0242.7144.0045.6450.4952.0752.5653.5552.36
Weighted Average Shares Outstanding (Diluted)42.4843.7142.9544.3645.9550.8852.5652.9460.4165.46