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SONIC AUTOMOTVE   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
New vehicles5,118.004,281.204,889.204,974.105,295.055,234.515,265.405,124.034,989.194,715.92
Used vehicles4,877.203,564.803,490.002,973.502,622.052,533.122,512.022,310.252,176.032,053.48
Wholesale vehicles367.20197.40202.90217.63171.06211.05155.34166.16175.33183.33
Parts, service and collision repair1,396.801,233.701,395.301,380.891,416.011,409.821,364.951,296.571,230.181,162.32
Finance, insurance and other637.20489.90476.90405.52363.03343.29326.59300.10272.44250.42
Total Revenues12,396.409,767.0010,454.309,951.639,867.219,731.789,624.309,197.108,843.178,365.47
Cost of sales--------------------
Parts, service and collision repair722.80639.20727.30713.53732.48735.69699.53673.02633.09593.42
New vehicles4,656.704,047.104,656.104,732.605,030.134,973.914,997.474,835.404,699.584,437.58
Used vehicles4,745.303,458.803,342.602,830.512,467.152,374.542,349.982,153.002,025.631,910.02
Wholesale vehicles357.30198.30207.30228.87179.78218.36162.71169.77183.26189.30
Gross Profit1,914.301,423.601,521.001,446.131,457.681,429.271,414.611,365.901,301.611,235.15
Depreciation and amortization101.1091.0093.1093.6288.9477.4568.8058.2654.0145.29
Goodwill amortization--------------------
Selling, general and administrative expenses1,274.701,028.701,099.401,145.331,147.771,110.861,110.571,067.431,003.13949.03
Impairment charges(0.10)(270.00)(20.80)(29.51)(9.39)(8.06)(17.96)(6.59)(9.87)(0.44)
Operating Income (Loss)538.4033.90307.70177.66211.57232.91217.29233.61234.60240.40
Interest expense, floor plan16.7027.2048.5048.4036.4027.7221.3318.7921.9519.45
Interest expense, other, net48.0041.6053.0054.0652.5250.1150.9153.1955.4960.09
Interest expense, non-cash, cash flow swaps--------------------
Interest expense, non-cash, convertible debt--------------------
Other income / (expense), net(15.50)0.10(6.60)0.11(14.52)0.130.100.10(28.14)(19.63)
Total Other income (expense)(80.20)(68.70)(108.10)(102.35)(103.44)(77.70)(72.14)(71.89)(105.58)(99.17)
Income from continuing operations before income taxes458.20(34.80)199.6075.31108.12155.21145.16161.73129.02141.23
Current: Federal80.4033.8062.0037.0334.88(43.66)36.2436.8733.3722.98
Current: State16.6016.6012.607.417.29(3.77)6.415.775.651.09
Deferred12.30(34.50)(19.50)(21.52)(28.20)(13.28)14.41--5.3325.90
Provision for income taxes109.3015.9055.1022.9213.9760.7057.0763.1744.3449.97
Income from Continuing Operations348.90(50.70)144.5052.3994.1594.5288.0998.5684.6891.26
Income tax (provision) benefit from discontinued operations--(1.00)(0.60)(1.02)0.770.801.100.820.962.32
Income from Discontinued Operations--0.300.200.28(1.94)(2.12)(2.88)(2.16)(4.02)--
Income (loss) from operations and the sale of discontinued franchises------------------(4.48)
Income before cumulative effect of change in accounting principle--------------------
Cumulative effect of change in accounting principle, net of tax benefit--------------------
Net Income (loss)348.90(51.40)144.10--92.9893.1986.31--81.6289.10
Effect of participating securities: Non-vested restricted stock and stock units----------0.050.04--0.601.38
Net Income (loss) Available to Common Shareholders348.90(51.40)144.1051.6592.9893.1486.2897.2281.0287.72
Diluted earnings (loss) and shares--------------------
Earnings per share from continuing operations8.43(1.19)3.361.232.142.071.741.891.601.68
Loss per share from discontinued operations--(0.02)(0.01)(0.02)(0.03)(0.03)(0.03)(0.03)(0.06)(0.04)
Cumulative effect of change in accounting principle- Basic--------------------
Net Earnings Per Share (Basic)8.43(1.21)3.351.212.112.041.711.861.541.64
Earnings per share from continuing operations8.06(1.19)3.311.222.122.061.731.871.591.56
EPS (DILUTED): Discontinuing Operation--(0.02)(0.01)(0.02)(0.03)(0.03)(0.03)--(0.06)(0.03)
Cumulative effect of change in accounting principle- Diluted--------------------
Net Earnings Per Share (Diluted)8.06(1.21)3.301.202.092.031.701.841.531.53
Weighted Average Shares Outstanding (Basic)41.4042.4843.0242.7144.0045.6450.4952.0752.5653.55
Weighted Average Shares Outstanding (Diluted)43.2842.4843.7142.9544.3645.9550.8852.5652.9460.41