$ABG
Asbury Automotive Group Inc

2010 Q4 Form 10-K Financial Statement

#000114498012000031 Filed on February 22, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2009 2008 Q4
Revenue $1.012B $3.372B $880.1M
YoY Change 20.99% -12.17% -31.84%
Cost Of Revenue $845.6M $2.787B $729.7M
YoY Change 21.9% -12.71% -33.02%
Gross Profit $166.0M $584.5M $150.4M
YoY Change 16.57% -9.53% -25.47%
Gross Profit Margin 16.41% 17.33% 17.09%
Selling, General & Admin $127.3M $467.6M $128.7M
YoY Change 13.46% -10.98% -20.01%
% of Gross Profit 76.69% 80.0% 85.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.700M $21.90M $6.000M
YoY Change 2.17% -1.79% 71.43%
% of Gross Profit 2.83% 3.75% 3.99%
Operating Expenses $133.7M $467.6M $134.4M
YoY Change 13.21% -14.41% -18.55%
Operating Profit $32.30M $96.30M $16.00M
YoY Change 32.92% -3.51% -56.52%
Interest Expense -$13.90M -$53.50M -$18.00M
YoY Change 2.21% -18.45% -3.74%
% of Operating Profit -43.03% -55.56% -112.5%
Other Income/Expense, Net -$55.30M
YoY Change
Pretax Income $7.100M $41.00M -$502.8M
YoY Change -34.26% -108.81% -2877.9%
Income Tax $2.500M $15.30M -$150.4M
% Of Pretax Income 35.21% 37.32%
Net Earnings $5.400M $13.40M -$369.7M
YoY Change 2600.0% -103.9% -3460.91%
Net Earnings / Revenue 0.53% 0.4% -42.01%
Basic Earnings Per Share $0.42
Diluted Earnings Per Share $160.7K $0.41 -$11.66M
COMMON SHARES
Basic Shares Outstanding 32.00M shares
Diluted Shares Outstanding 32.90M shares

Balance Sheet

Concept 2010 Q4 2009 2008 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $21.30M $84.70M $91.60M
YoY Change -74.85% -7.53% 71.54%
Cash & Equivalents $21.30M $84.70M $91.60M
Short-Term Investments
Other Short-Term Assets $56.60M $147.4M $175.4M
YoY Change -61.6% -15.96% -25.74%
Inventory $547.4M $501.1M $666.6M
Prepaid Expenses
Receivables $102.6M $79.00M $82.20M
Other Receivables $0.00 $0.00 $3.900M
Total Short-Term Assets $876.8M $812.2M $1.020B
YoY Change 7.95% -20.35% -14.48%
LONG-TERM ASSETS
Property, Plant & Equipment $458.9M $452.5M $476.7M
YoY Change 1.41% -5.08% 99.79%
Goodwill $18.70M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $70.20M $105.6M $154.4M
YoY Change -48.46% -18.46% 51.37%
Total Long-Term Assets $609.5M $588.7M $631.1M
YoY Change 3.53% -6.72% -23.4%
TOTAL ASSETS
Total Short-Term Assets $876.8M $812.2M $1.020B
Total Long-Term Assets $609.5M $588.7M $631.1M
Total Assets $1.486B $1.401B $1.651B
YoY Change 6.1% -15.14% -18.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $170.1M $43.00M $151.3M
YoY Change 14.78% -6.93% 109.85%
Accrued Expenses $65.50M
YoY Change -0.46%
Deferred Revenue
YoY Change
Short-Term Debt $424.6M $464.1M $612.8M
YoY Change -2.64% -27.54% -9.08%
Long-Term Debt Due $8.900M $9.000M $58.80M
YoY Change -1.11% -84.69% 3358.82%
Total Short-Term Liabilities $635.8M $598.8M $854.5M
YoY Change 6.18% -29.92% -1.97%
LONG-TERM LIABILITIES
Long-Term Debt $534.9M $528.8M $540.9M
YoY Change 1.15% -2.24% 14.14%
Other Long-Term Liabilities $28.50M $29.70M $28.80M
YoY Change -4.04% 3.13% -17.24%
Total Long-Term Liabilities $563.4M $558.5M $569.7M
YoY Change 0.88% -1.97% 11.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $635.8M $598.8M $854.5M
Total Long-Term Liabilities $563.4M $558.5M $569.7M
Total Liabilities $1.199B $1.157B $1.424B
YoY Change 3.62% -18.74% -0.55%
SHAREHOLDERS EQUITY
Retained Earnings -$95.70M
YoY Change
Common Stock $463.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $75.00M
YoY Change
Treasury Stock Shares 4.799M shares
Shareholders Equity $287.1M $243.6M $226.6M
YoY Change
Total Liabilities & Shareholders Equity $1.486B $1.401B $1.651B
YoY Change 6.1% -15.14% -18.13%

Cashflow Statement

Concept 2010 Q4 2009 2008 Q4
OPERATING ACTIVITIES
Net Income $5.400M $13.40M -$369.7M
YoY Change 2600.0% -103.9% -3460.91%
Depreciation, Depletion And Amortization $4.700M $21.90M $6.000M
YoY Change 2.17% -1.79% 71.43%
Cash From Operating Activities $53.90M $110.9M $70.60M
YoY Change 5.27% -79.04% 137.71%
INVESTING ACTIVITIES
Capital Expenditures -$14.20M $7.200M -$9.200M
YoY Change 545.45% -102.6% -43.21%
Acquisitions $0.00
YoY Change
Other Investing Activities -$58.60M $700.0K -$1.100M
YoY Change 19433.33% -104.61% -97.48%
Cash From Investing Activities -$72.80M $16.10M -$10.30M
YoY Change 2812.0% -105.51% -82.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0K
YoY Change -110.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 31.10M -$133.9M 9.900M
YoY Change 1252.17% -32.58% -76.81%
NET CHANGE
Cash From Operating Activities 53.90M $110.9M 70.60M
Cash From Investing Activities -72.80M $16.10M -10.30M
Cash From Financing Activities 31.10M -$133.9M 9.900M
Net Change In Cash 12.20M -$6.900M 70.20M
YoY Change -76.08% -118.06% 457.14%
FREE CASH FLOW
Cash From Operating Activities $53.90M $110.9M $70.60M
Capital Expenditures -$14.20M $7.200M -$9.200M
Free Cash Flow $68.10M $103.7M $79.80M
YoY Change 27.53% -87.14% 73.86%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:6px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest automotive retailers in the United States, operating 99 franchises (79 dealership locations) in 18 metropolitan markets within 10 states as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">. We offer an extensive range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts and collision repair services; and financing, insurance and service contracts. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2011</font><font style="font-family:inherit;font-size:10pt;">, we offered 30 domestic and foreign brands of new vehicles. Our current brand mix is weighted 84% towards luxury and mid-line import brands, with the remaining 16% consisting of domestic brands. We also operate 25 collision repair centers that serve customers in our local markets.</font></div><div style="line-height:120%;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our retail network is made up of dealerships operating primarily under the following locally-branded dealership groups:</font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coggin dealerships, operating primarily in Jacksonville, Fort Pierce and Orlando, Florida;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Courtesy dealerships operating in Tampa, Florida;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Crown dealerships operating in New Jersey, North Carolina, South Carolina and Virginia;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nalley dealerships operating in Atlanta, Georgia;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">McDavid dealerships operating primarily in Dallas and Houston, Texas;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">North Point dealerships operating in Little Rock, Arkansas;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plaza dealerships operating in St. Louis, Missouri; and</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;">&#160;</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gray-Daniels dealerships operating in Jackson, Mississippi.</font></div></td></tr></table></div>
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136900000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-133900000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4400000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
16100000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-68900000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
34300000 USD
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-181100000 USD
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9900000 USD
CY2009 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
110900000 USD
CY2010 us-gaap Net Income Loss
NetIncomeLoss
38100000 USD
CY2011 us-gaap Net Income Loss
NetIncomeLoss
67900000 USD
CY2009 us-gaap Net Income Loss
NetIncomeLoss
13400000 USD
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-56300000 USD
CY2010 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-66300000 USD
CY2009 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-55300000 USD
CY2011 us-gaap Operating Income Loss
OperatingIncomeLoss
133900000 USD
CY2009 us-gaap Operating Income Loss
OperatingIncomeLoss
96300000 USD
CY2010 us-gaap Operating Income Loss
OperatingIncomeLoss
126900000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
63300000 USD
CY2010Q4 us-gaap Other Assets Current
OtherAssetsCurrent
56600000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
56000000 USD
CY2010Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
70200000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
300000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
200000 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
400000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
-100000 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
-200000 USD
CY2010 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
-200000 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-500000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1300000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-600000 USD
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
900000 USD
CY2009 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
300000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
400000 USD
CY2011 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
14500000 USD
CY2009 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
-1300000 USD
CY2010 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
200000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
17400000 USD
CY2010Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
28500000 USD
CY2009 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-13600000 USD
CY2011 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4700000 USD
CY2010 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4300000 USD
CY2011 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
7100000 USD
CY2009 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2010 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4000000 USD
CY2009 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
700000 USD
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-600000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000 USD
CY2011 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
49100000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
400000 USD
CY2010 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
7600000 USD
CY2009 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2200000 USD
CY2011 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
4300000 USD
CY2011 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
18000000 USD
CY2009 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
1100000 USD
CY2010 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
7400000 USD
CY2009 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2010 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
60500000 USD
CY2011 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2011 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
30300000 USD
CY2009 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
0 USD
CY2010 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
0 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7200000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22700000 USD
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
22400000 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2010Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2010Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2010Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2010Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2009 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
900000 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
222500000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2009 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
21900000 USD
CY2010 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
22800000 USD
CY2011 us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
22000000 USD
CY2010 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
17700000 USD
CY2009 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
25100000 USD
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
104400000 USD
CY2009 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1400000 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6600000 USD
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
600000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
510800000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
458900000 USD
CY2011Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
79000000 USD
CY2010Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
102600000 USD
CY2009 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
76300000 USD
CY2010 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
240100000 USD
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
96700000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27800000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-95700000 USD
CY2011 us-gaap Revenues
Revenues
4276700000 USD
CY2009 us-gaap Revenues
Revenues
3371800000 USD
CY2010 us-gaap Revenues
Revenues
3897200000 USD
CY2011 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
577900000 USD
CY2010 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
556500000 USD
CY2009 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
557200000 USD
CY2009 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
467600000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
502600000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
549900000 USD
CY2009 us-gaap Share Based Compensation
ShareBasedCompensation
2800000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
8800000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
5100000 USD
CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
900000 USD
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10400000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1000000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
287100000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
326600000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
243600000 USD
CY2008Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
226600000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
326600000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
287100000 USD
CY2009 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
5500000 USD
CY2010 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
5100000 USD
CY2011 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
1100000 USD
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
4799188 shares
CY2011Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7591498 shares
CY2011Q4 us-gaap Treasury Stock Value
TreasuryStockValue
124100000 USD
CY2010Q4 us-gaap Treasury Stock Value
TreasuryStockValue
75000000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-44800000 USD
CY2010 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
-100000 USD
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32900000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33300000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
32600000 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32000000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31800000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
32200000 shares
CY2011Q4 abg Contractsintransit
Contractsintransit
106900000 USD
CY2010Q4 abg Contractsintransit
Contractsintransit
80600000 USD
CY2010 abg Financeandinsurancenet
Financeandinsurancenet
115300000 USD
CY2011 abg Financeandinsurancenet
Financeandinsurancenet
141500000 USD
CY2009 abg Financeandinsurancenet
Financeandinsurancenet
89700000 USD
CY2010 abg Floor Plan Borrowingsacquisitions
FloorPlanBorrowingsacquisitions
13900000 USD
CY2009 abg Floor Plan Borrowingsacquisitions
FloorPlanBorrowingsacquisitions
0 USD
CY2011 abg Floor Plan Borrowingsacquisitions
FloorPlanBorrowingsacquisitions
0 USD
CY2010 abg Floor Plan Interest Expense
FloorPlanInterestExpense
9400000 USD
CY2009 abg Floor Plan Interest Expense
FloorPlanInterestExpense
10800000 USD
CY2011 abg Floor Plan Interest Expense
FloorPlanInterestExpense
9600000 USD
CY2011Q4 abg Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
368500000 USD
CY2010Q4 abg Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
80000000 USD
CY2011Q4 abg Floor Plan Notes Payable Trade
FloorPlanNotesPayableTrade
65500000 USD
CY2010Q4 abg Floor Plan Notes Payable Trade
FloorPlanNotesPayableTrade
344600000 USD
CY2010 abg Increase Decrease In Floor Plan Notes Payable Trade
IncreaseDecreaseInFloorPlanNotesPayableTrade
-4200000 USD
CY2009 abg Increase Decrease In Floor Plan Notes Payable Trade
IncreaseDecreaseInFloorPlanNotesPayableTrade
-124000000 USD
CY2011 abg Increase Decrease In Floor Plan Notes Payable Trade
IncreaseDecreaseInFloorPlanNotesPayableTrade
-269400000 USD
CY2010 abg Increase Decrease In Floor Plan Notes Payable Trade Divestitures
IncreaseDecreaseInFloorPlanNotesPayableTradeDivestitures
-5900000 USD
CY2009 abg Increase Decrease In Floor Plan Notes Payable Trade Divestitures
IncreaseDecreaseInFloorPlanNotesPayableTradeDivestitures
-10200000 USD
CY2011 abg Increase Decrease In Floor Plan Notes Payable Trade Divestitures
IncreaseDecreaseInFloorPlanNotesPayableTradeDivestitures
-24800000 USD
CY2011 abg New Vehicle Cost Of Sales
NewVehicleCostOfSales
2151800000 USD
CY2010 abg New Vehicle Cost Of Sales
NewVehicleCostOfSales
2005200000 USD
CY2009 abg New Vehicle Cost Of Sales
NewVehicleCostOfSales
1700100000 USD
CY2009 abg New Vehicle Revenue
NewVehicleRevenue
1830100000 USD
CY2010 abg New Vehicle Revenue
NewVehicleRevenue
2147200000 USD
CY2011 abg New Vehicle Revenue
NewVehicleRevenue
2307200000 USD
CY2011 abg Proceeds From Floor Plan Borrowings Non Trade
ProceedsFromFloorPlanBorrowingsNonTrade
1208700000 USD
CY2009 abg Proceeds From Floor Plan Borrowings Non Trade
ProceedsFromFloorPlanBorrowingsNonTrade
329600000 USD
CY2010 abg Proceeds From Floor Plan Borrowings Non Trade
ProceedsFromFloorPlanBorrowingsNonTrade
410700000 USD
CY2009 abg Repayments Of Floor Plan Payables Non Trade
RepaymentsOfFloorPlanPayablesNonTrade
384300000 USD
CY2011 abg Repayments Of Floor Plan Payables Non Trade
RepaymentsOfFloorPlanPayablesNonTrade
917300000 USD
CY2010 abg Repayments Of Floor Plan Payables Non Trade
RepaymentsOfFloorPlanPayablesNonTrade
404400000 USD
CY2009 abg Repayments Of Floor Plan Payables Non Trade Divestitures
RepaymentsOfFloorPlanPayablesNonTradeDivestitures
2900000 USD
CY2010 abg Repayments Of Floor Plan Payables Non Trade Divestitures
RepaymentsOfFloorPlanPayablesNonTradeDivestitures
0 USD
CY2011 abg Repayments Of Floor Plan Payables Non Trade Divestitures
RepaymentsOfFloorPlanPayablesNonTradeDivestitures
14800000 USD
CY2011 abg Swapinterestexpense
Swapinterestexpense
5500000 USD
CY2010 abg Swapinterestexpense
Swapinterestexpense
6600000 USD
CY2009 abg Swapinterestexpense
Swapinterestexpense
6600000 USD
CY2010 abg Used Vehicle Cost Of Sales
UsedVehicleCostOfSales
986700000 USD
CY2011 abg Used Vehicle Cost Of Sales
UsedVehicleCostOfSales
1148100000 USD
CY2009 abg Used Vehicle Cost Of Sales
UsedVehicleCostOfSales
816200000 USD
CY2009 abg Used Vehicle Revenue
UsedVehicleRevenue
894800000 USD
CY2011 abg Used Vehicle Revenue
UsedVehicleRevenue
1250100000 USD
CY2010 abg Used Vehicle Revenue
UsedVehicleRevenue
1078200000 USD
CY2011 abg Weightedaveragenumberofsharesrestrictedshareunits
Weightedaveragenumberofsharesrestrictedshareunits
0 shares
CY2010 abg Weightedaveragenumberofsharesrestrictedshareunits
Weightedaveragenumberofsharesrestrictedshareunits
100000 shares
CY2009 abg Weightedaveragenumberofsharesrestrictedshareunits
Weightedaveragenumberofsharesrestrictedshareunits
0 shares
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0001144980
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
30600003 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
577700000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
ASBURY AUTOMOTIVE GROUP INC
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0001144980-12-000031-index-headers.html Edgar Link pending
0001144980-12-000031-index.html Edgar Link pending
0001144980-12-000031.txt Edgar Link pending
0001144980-12-000031-xbrl.zip Edgar Link pending
abg-20111231.xml Edgar Link completed
abg-20111231.xsd Edgar Link pending
abg-20111231_cal.xml Edgar Link unprocessable
abg-20111231_def.xml Edgar Link unprocessable
abg-20111231_lab.xml Edgar Link unprocessable
abg-20111231_pre.xml Edgar Link unprocessable
abg12311110k.htm Edgar Link pending
companylogo.jpg Edgar Link pending
ex121q42011.htm Edgar Link pending
ex21q42011.htm Edgar Link pending
ex231q42011.htm Edgar Link pending
ex311q42011.htm Edgar Link pending
ex312q42011.htm Edgar Link pending
ex321q42011.htm Edgar Link pending
ex322q42011.htm Edgar Link pending
exhibit1010q42011.htm Edgar Link pending
exhibit1011q42011.htm Edgar Link pending
exhibit1021q42011.htm Edgar Link pending
exhibit412q42011.htm Edgar Link pending
exhibit416q42011.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
performancecharttimesnewroma.jpg Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending