$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

$abg Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000114498015000108 Filed on July 23, 2015

Income Statement

Concept	2015 Q2	2014 Q2
Revenue	$1.690B	$1.503B
YoY Change	12.39%	11.75%
Cost Of Revenue	$1.418B	$1.256B
YoY Change	12.97%	11.8%
Gross Profit	$271.3M	$247.9M
YoY Change	9.44%	11.52%
Gross Profit Margin	16.06%	16.49%
Selling, General & Admin	$181.9M	$169.2M
YoY Change	7.51%	9.94%
% of Gross Profit	67.05%	68.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.200M	$6.400M
YoY Change	12.5%	8.47%
% of Gross Profit	2.65%	2.58%
Operating Expenses	$181.9M	$169.2M
YoY Change	7.51%	9.94%
Operating Profit	$82.20M	$72.20M
YoY Change	13.85%	25.78%
Interest Expense	-$15.00M	-$13.20M
YoY Change	13.64%	-2.22%
% of Operating Profit	-18.25%	-18.28%
Other Income/Expense, Net	-$15.00M	-$13.20M
YoY Change	13.64%	-2.22%
Pretax Income	$67.20M	$59.00M
YoY Change	13.9%	34.4%
Income Tax	$26.10M	$22.80M
% Of Pretax Income	38.84%	38.64%
Net Earnings	$41.10M	$35.90M
YoY Change	14.48%	32.96%
Net Earnings / Revenue	2.43%	2.39%
Basic Earnings Per Share	$1.53	$1.18
Diluted Earnings Per Share	$1.52	$1.18
COMMON SHARES
Basic Shares Outstanding	26.80M shares	30.30M shares
Diluted Shares Outstanding	27.00M shares	30.50M shares

Balance Sheet

Concept	2015 Q2	2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.900M	$7.000M
YoY Change	-72.86%	-89.55%
Cash & Equivalents	$1.900M	$7.000M
Short-Term Investments
Other Short-Term Assets	$100.1M	$79.60M
YoY Change	25.75%	13.39%
Inventory	$928.5M	$793.1M
Prepaid Expenses
Receivables	$99.50M	$95.80M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.345B	$1.124B
YoY Change	19.7%	4.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$765.2M	$677.5M
YoY Change	12.94%	17.09%
Goodwill	$131.2M	$61.90M
YoY Change	111.95%	117.96%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$70.60M	$60.50M
YoY Change	16.69%	12.04%
Total Long-Term Assets	$967.0M	$812.4M
YoY Change	19.03%	18.84%
TOTAL ASSETS
Total Short-Term Assets	$1.345B	$1.124B
Total Long-Term Assets	$967.0M	$812.4M
Total Assets	$2.312B	$1.936B
YoY Change	19.42%	10.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$269.1M	$226.1M
YoY Change	19.02%	13.28%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$845.2M	$610.7M
YoY Change	38.4%	22.75%
Long-Term Debt Due	$12.70M	$11.40M
YoY Change	11.4%	128.0%
Total Short-Term Liabilities	$1.157B	$848.2M
YoY Change	36.36%	20.77%
LONG-TERM LIABILITIES
Long-Term Debt	$758.2M	$537.5M
YoY Change	41.06%	-7.46%
Other Long-Term Liabilities	$25.10M	$21.40M
YoY Change	17.29%	15.05%
Total Long-Term Liabilities	$25.10M	$21.40M
YoY Change	17.29%	15.05%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.157B	$848.2M
Total Long-Term Liabilities	$25.10M	$21.40M
Total Liabilities	$1.182B	$869.6M
YoY Change	35.89%	20.63%
SHAREHOLDERS EQUITY
Retained Earnings	$352.1M	$230.8M
YoY Change	52.56%	102.63%
Common Stock	$532.8M	$518.5M
YoY Change	2.76%	2.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$515.1M	$219.6M
YoY Change	134.56%	32.21%
Treasury Stock Shares	13.87M shares	9.956M shares
Shareholders Equity	$367.7M	$528.8M
YoY Change
Total Liabilities & Shareholders Equity	$2.312B	$1.936B
YoY Change	19.42%	10.29%

Cashflow Statement

Concept	2015 Q2	2014 Q2
OPERATING ACTIVITIES
Net Income	$41.10M	$35.90M
YoY Change	14.48%	32.96%
Depreciation, Depletion And Amortization	$7.200M	$6.400M
YoY Change	12.5%	8.47%
Cash From Operating Activities	$9.100M	$26.10M
YoY Change	-65.13%	60.12%
INVESTING ACTIVITIES
Capital Expenditures	-$32.00M	-$18.20M
YoY Change	75.82%	-24.48%
Acquisitions
YoY Change
Other Investing Activities	-$65.10M	-$17.30M
YoY Change	276.3%
Cash From Investing Activities	-$97.10M	-$35.50M
YoY Change	173.52%	47.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	88.80M	10.30M
YoY Change	762.14%	-86.21%
NET CHANGE
Cash From Operating Activities	9.100M	26.10M
Cash From Investing Activities	-97.10M	-35.50M
Cash From Financing Activities	88.80M	10.30M
Net Change In Cash	800.0K	900.0K
YoY Change	-11.11%	-98.65%
FREE CASH FLOW
Cash From Operating Activities	$9.100M	$26.10M
Capital Expenditures	-$32.00M	-$18.20M
Free Cash Flow	$41.10M	$44.30M
YoY Change	-7.22%	9.65%

Facts In Submission

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	abg	Deferred Income Tax Expense Benefit Continuing Operations And Discontinued Operations DeferredIncomeTaxExpenseBenefitContinuingOperationsAndDiscontinuedOperations	100000	USD
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	abg	Floor Plan Interest Expense FloorPlanInterestExpense	7900000	USD
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	abg	Repayments Of Floor Plan Payables Non Trade RepaymentsOfFloorPlanPayablesNonTrade	1622100000	USD
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CY2014Q2	abg	Used Vehicle Cost Of Sales UsedVehicleCostOfSales	411900000	USD
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001144980
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	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	0	USD
CY2014Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.01
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.01
CY2015Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.00
CY2014Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.01
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.01
CY2015Q2	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2014Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	22800000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	42800000	USD
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26100000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	48600000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	34000000	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	29100000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	12600000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	19300000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2700000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7600000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	-9300000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	-8900000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-16000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-11600000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	36000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	57000000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	900000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1900000	USD
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
CY2014Q2	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	200000	shares
CY2015Q2	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
CY2014Q2	us-gaap	Interest Expense Other InterestExpenseOther	9500000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	18600000	USD
CY2015Q2	us-gaap	Interest Expense Other InterestExpenseOther	10500000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	20800000	USD
	us-gaap	Interest Paid InterestPaid	25600000	USD
	us-gaap	Interest Paid InterestPaid	29200000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	600000	USD
	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	100000	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	886000000	USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	928500000	USD
CY2014Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	6400000	USD
CY2015Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	6700000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2192000000	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2311800000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1041100000	USD
CY2015Q2	us-gaap	Liabilities Current LiabilitiesCurrent	1156600000	USD
CY2014Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	0	USD
CY2015Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	29600000	USD
CY2014Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	0	USD
CY2015Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	29600000	USD
CY2014Q4	us-gaap	Long Term Debt LongTermDebt	703800000	USD
CY2015Q2	us-gaap	Long Term Debt LongTermDebt	767400000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	678700000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	758200000	USD
CY2014Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	28700000	USD
CY2015Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	12700000	USD
CY2014Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	725000000	USD
CY2015Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	784800000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-25300000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	17300000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-53800000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-107500000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	80700000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	89200000	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	35900000	USD
	us-gaap	Net Income Loss NetIncomeLoss	67300000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	41100000	USD
	us-gaap	Net Income Loss NetIncomeLoss	77000000	USD
CY2014Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-13200000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-25900000	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15000000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-29700000	USD
	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	1	Franchises
CY2015Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	10	states
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	72200000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	136400000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	82200000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	155300000	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	108600000	USD
CY2015Q2	us-gaap	Other Assets Current OtherAssetsCurrent	100100000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	69700000	USD
CY2015Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	70600000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-400000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-700000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	0	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-400000	USD
CY2014Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-1000000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-1800000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	0	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-1000000	USD
CY2014Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	23400000	USD
CY2015Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	25100000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-700000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1300000	USD
CY2014Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-100000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	100000	USD
CY2015Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	0	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-300000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	35600000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	163400000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1300000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	21900000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	67400000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	31300000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	19900000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	0	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	22400000	USD
CY2014Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2014Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	82900000	USD
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	2500000	USD
	us-gaap	Proceeds From Sale And Collection Of Receivables ProceedsFromSaleAndCollectionOfReceivables	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2300000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	741600000	USD
CY2015Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	765200000	USD
CY2014Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	6400000	USD
CY2015Q2	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	6500000	USD
CY2014Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	107000000	USD
CY2015Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	99500000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	4900000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	5800000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	275100000	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	352100000	USD
CY2014Q2	us-gaap	Revenues Revenues	1503400000	USD
	us-gaap	Revenues Revenues	2859100000	USD
CY2015Q2	us-gaap	Revenues Revenues	1689600000	USD
	us-gaap	Revenues Revenues	3231400000	USD
CY2014Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	168200000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	327600000	USD
CY2015Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	188200000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	364900000	USD
CY2014Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	169200000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	329000000	USD
CY2015Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	181900000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	357600000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4300000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	5300000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	444900000	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	367700000	USD
CY2014Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	11803711	shares
CY2015Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	13870550	shares
CY2014Q4	us-gaap	Treasury Stock Value TreasuryStockValue	351700000	USD
CY2015Q2	us-gaap	Treasury Stock Value TreasuryStockValue	515100000	USD
CY2014Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30500000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30600000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27000000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	27300000	shares
CY2014Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30300000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	30300000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	26800000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	27100000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<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 </font><font style="font-family:inherit;font-size:10pt;">106</font><font style="font-family:inherit;font-size:10pt;"> franchises (</font><font style="font-family:inherit;font-size:10pt;">86</font><font style="font-family:inherit;font-size:10pt;"> dealership locations) in </font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets within </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;"> states as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2015</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;">June 30, 2015</font><font style="font-family:inherit;font-size:10pt;">, we offered </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> domestic and foreign brands of new vehicles. For the six months ended June 30, 2015 our new vehicle revenue brand mix consisted of </font><font style="font-family:inherit;font-size:10pt;">47%</font><font style="font-family:inherit;font-size:10pt;"> mid-line imports, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">36%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">17%</font><font style="font-family:inherit;font-size:10pt;"> domestic brands. We also operate </font><font style="font-family:inherit;font-size:10pt;">26</font><font style="font-family:inherit;font-size:10pt;"> 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;"> </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;">•</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;"> </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;">•</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;"> </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;">•</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;"> </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;">•</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 metropolitan Atlanta, Georgia;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"> </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;">•</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 in Austin, 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;"> </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;">•</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 the Little Rock, Arkansas area;</font></div></td></tr></table><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"> </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;">•</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 metropolitan 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;"> </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;">•</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 the Jackson, Mississippi area.</font></div></td></tr></table><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">    </font></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> In addition, we own and operate three stand-alone used vehicle stores under the “Q auto” brand name in Florida.</font></div><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our operating results are generally subject to changes in the economic environment as well as seasonal variations. Historically, we have generated more revenue and operating income in the second, third and fourth quarters than in the first quarter of the calendar year. Generally, the seasonal variations in our operations are caused by factors related to weather conditions, changes in manufacturer incentive programs, model changeovers and consumer buying patterns, among other things.</font></div></div>

Files In Submission

Name	View Source	Status
0001144980-15-000108-index-headers.html	Edgar Link	pending
0001144980-15-000108-index.html	Edgar Link	pending
0001144980-15-000108.txt	Edgar Link	pending
0001144980-15-000108-xbrl.zip	Edgar Link	pending
abg-20150630.xml	Edgar Link	completed
abg-20150630.xsd	Edgar Link	pending
abg-20150630_cal.xml	Edgar Link	unprocessable
abg-20150630_def.xml	Edgar Link	unprocessable
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abg-20150630_pre.xml	Edgar Link	unprocessable
abg630201510-q.htm	Edgar Link	pending
ex311section302ceocertific.htm	Edgar Link	pending
ex312section302cfocertific.htm	Edgar Link	pending
ex321section906ceocertific.htm	Edgar Link	pending
ex322section906cfocertific.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

2015 Q2 Form 10-Q Financial Statement

#000114498015000108 Filed on July 23, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG ASBURY AUTOMOTIVE GROUP INC Stock $abg

2015 Q2 Form 10-Q Financial Statement

#000114498015000108 Filed on July 23, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg