$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

$abg Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000114498016000216 Filed on July 27, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$1.627B	$1.690B
YoY Change	-3.68%	12.39%
Cost Of Revenue	$1.360B	$1.418B
YoY Change	-4.12%	12.97%
Gross Profit	$267.6M	$271.3M
YoY Change	-1.36%	9.44%
Gross Profit Margin	16.44%	16.06%
Selling, General & Admin	$182.3M	$181.9M
YoY Change	0.22%	7.51%
% of Gross Profit	68.12%	67.05%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.700M	$7.200M
YoY Change	6.94%	12.5%
% of Gross Profit	2.88%	2.65%
Operating Expenses	$182.3M	$181.9M
YoY Change	0.22%	7.51%
Operating Profit	$78.10M	$82.20M
YoY Change	-4.99%	13.85%
Interest Expense	-$19.20M	-$15.00M
YoY Change	28.0%	13.64%
% of Operating Profit	-24.58%	-18.25%
Other Income/Expense, Net	-$19.20M	-$15.00M
YoY Change	28.0%	13.64%
Pretax Income	$58.90M	$67.20M
YoY Change	-12.35%	13.9%
Income Tax	$22.30M	$26.10M
% Of Pretax Income	37.86%	38.84%
Net Earnings	$36.70M	$41.10M
YoY Change	-10.71%	14.48%
Net Earnings / Revenue	2.26%	2.43%
Basic Earnings Per Share	$1.66	$1.53
Diluted Earnings Per Share	$1.65	$1.52
COMMON SHARES
Basic Shares Outstanding	22.10M shares	26.80M shares
Diluted Shares Outstanding	22.20M shares	27.00M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.800M	$1.900M
YoY Change	-5.26%	-72.86%
Cash & Equivalents	$1.800M	$1.900M
Short-Term Investments
Other Short-Term Assets	$97.20M	$100.1M
YoY Change	-2.9%	25.75%
Inventory	$989.5M	$928.5M
Prepaid Expenses
Receivables	$109.6M	$99.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.380B	$1.345B
YoY Change	2.58%	19.7%
LONG-TERM ASSETS
Property, Plant & Equipment	$803.5M	$765.2M
YoY Change	5.01%	12.94%
Goodwill	$130.2M	$131.2M
YoY Change	-0.76%	111.95%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.40M	$70.60M
YoY Change	-85.27%	16.69%
Total Long-Term Assets	$992.6M	$967.0M
YoY Change	2.65%	19.03%
TOTAL ASSETS
Total Short-Term Assets	$1.380B	$1.345B
Total Long-Term Assets	$992.6M	$967.0M
Total Assets	$2.372B	$2.312B
YoY Change	2.61%	19.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$270.8M	$269.1M
YoY Change	0.63%	19.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$883.6M	$845.2M
YoY Change	4.54%	38.4%
Long-Term Debt Due	$14.60M	$12.70M
YoY Change	14.96%	11.4%
Total Short-Term Liabilities	$1.174B	$1.157B
YoY Change	1.5%	36.36%
LONG-TERM LIABILITIES
Long-Term Debt	$927.9M	$758.2M
YoY Change	22.38%	41.06%
Other Long-Term Liabilities	$37.00M	$25.10M
YoY Change	47.41%	17.29%
Total Long-Term Liabilities	$37.00M	$25.10M
YoY Change	47.41%	17.29%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.174B	$1.157B
Total Long-Term Liabilities	$37.00M	$25.10M
Total Liabilities	$1.211B	$1.182B
YoY Change	2.47%	35.89%
SHAREHOLDERS EQUITY
Retained Earnings	$512.0M	$352.1M
YoY Change	45.41%	52.56%
Common Stock	$543.9M	$532.8M
YoY Change	2.08%	2.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$829.3M	$515.1M
YoY Change	61.0%	134.56%
Treasury Stock Shares	18.59M shares	13.87M shares
Shareholders Equity	$219.6M	$367.7M
YoY Change
Total Liabilities & Shareholders Equity	$2.372B	$2.312B
YoY Change	2.61%	19.42%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$36.70M	$41.10M
YoY Change	-10.71%	14.48%
Depreciation, Depletion And Amortization	$7.700M	$7.200M
YoY Change	6.94%	12.5%
Cash From Operating Activities	$24.40M	$9.100M
YoY Change	168.13%	-65.13%
INVESTING ACTIVITIES
Capital Expenditures	-$34.80M	-$32.00M
YoY Change	8.75%	75.82%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$65.10M
YoY Change	-100.0%	276.3%
Cash From Investing Activities	-$34.80M	-$97.10M
YoY Change	-64.16%	173.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	7.800M	88.80M
YoY Change	-91.22%	762.14%
NET CHANGE
Cash From Operating Activities	24.40M	9.100M
Cash From Investing Activities	-34.80M	-97.10M
Cash From Financing Activities	7.800M	88.80M
Net Change In Cash	-2.600M	800.0K
YoY Change	-425.0%	-11.11%
FREE CASH FLOW
Cash From Operating Activities	$24.40M	$9.100M
Capital Expenditures	-$34.80M	-$32.00M
Free Cash Flow	$59.20M	$41.10M
YoY Change	44.04%	-7.22%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	abg	Floor Plan Interest Expense FloorPlanInterestExpense	9400000	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	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001144980
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	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	ASBURY AUTOMOTIVE GROUP INC
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	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.00
CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26100000	USD
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	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	46500000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	19300000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-14600000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7600000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-10100000	USD
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	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	-41000000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-11600000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	17200000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	57000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	73900000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1900000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-600000	USD
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
CY2016Q2	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 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
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	0	shares
	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	0	shares
CY2015Q4	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	48500000	USD
CY2016Q2	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	48500000	USD
CY2015Q2	us-gaap	Interest Expense Other InterestExpenseOther	10500000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	20800000	USD
CY2016Q2	us-gaap	Interest Expense Other InterestExpenseOther	13400000	USD
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	us-gaap	Interest Paid InterestPaid	36700000	USD
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CY2015Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	6200000	USD
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CY2015Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	0	USD
CY2016Q2	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	4900000	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	964600000	USD
CY2016Q2	us-gaap	Long Term Debt LongTermDebt	952200000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	940400000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	927900000	USD
CY2015Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	13900000	USD
CY2016Q2	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	14600000	USD
CY2015Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	980600000	USD
CY2016Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	970600000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	17300000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-18800000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-107500000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51800000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	89200000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	69600000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	41100000	USD
	us-gaap	Net Income Loss NetIncomeLoss	77000000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	36700000	USD
	us-gaap	Net Income Loss NetIncomeLoss	67700000	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-15000000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-29700000	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-19200000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-37800000	USD
CY2016Q2	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	states
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	82200000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	155300000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	78100000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	147000000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	88400000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	97200000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	11400000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10400000	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
CY2016Q2	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-700000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-2300000	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
CY2016Q2	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-1700000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-5800000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	29500000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	37000000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1800000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3100000	USD
CY2015Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	0	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-300000	USD
CY2016Q2	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	500000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-2700000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	163400000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	165400000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	1300000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	300000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	67400000	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	0	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	12500000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20000000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28700000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	22400000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	10600000	USD
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	82900000	USD
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	2300000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	772800000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	803500000	USD
CY2015Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	27600000	USD
CY2016Q2	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	35000000	USD
CY2015Q4	us-gaap	Real Estate Liabilities Associated With Assets Held For Development And Sale RealEstateLiabilitiesAssociatedWithAssetsHeldForDevelopmentAndSale	0	USD
CY2016Q2	us-gaap	Real Estate Liabilities Associated With Assets Held For Development And Sale RealEstateLiabilitiesAssociatedWithAssetsHeldForDevelopmentAndSale	4900000	USD
CY2015Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	119500000	USD
CY2016Q2	us-gaap	Receivables Net Current ReceivablesNetCurrent	109600000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	5800000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	7200000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	444300000	USD
CY2016Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	512000000	USD
CY2015Q2	us-gaap	Revenues Revenues	1689600000	USD
	us-gaap	Revenues Revenues	3231400000	USD
CY2016Q2	us-gaap	Revenues Revenues	1627400000	USD
	us-gaap	Revenues Revenues	3178200000	USD
CY2015Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	188200000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	364900000	USD
CY2016Q2	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	195300000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	384500000	USD
CY2015Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	181900000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	357600000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	182300000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	363500000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	5300000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	6100000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	314500000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	219600000	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	15696543	shares
CY2016Q2	us-gaap	Treasury Stock Shares TreasuryStockShares	18591473	shares
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	663900000	USD
CY2016Q2	us-gaap	Treasury Stock Value TreasuryStockValue	829300000	USD
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
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22200000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23300000	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
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23200000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;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;">99</font><font style="font-family:inherit;font-size:10pt;"> new vehicle franchises (</font><font style="font-family:inherit;font-size:10pt;">82</font><font style="font-family:inherit;font-size:10pt;"> dealership locations) in </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets within </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> states as of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">. Our stores offer an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products. As of </font><font style="font-family:inherit;font-size:10pt;">June 30, 2016</font><font style="font-family:inherit;font-size:10pt;">, we offered </font><font style="font-family:inherit;font-size:10pt;">28</font><font style="font-family:inherit;font-size:10pt;"> brands of new vehicles and </font><font style="font-family:inherit;font-size:10pt;">our new vehicle revenue brand mix consisted of </font><font style="font-family:inherit;font-size:10pt;">45%</font><font style="font-family:inherit;font-size:10pt;"> imports, </font><font style="font-family:inherit;font-size:10pt;">34%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">domestic brands. We also operated </font><font style="font-family:inherit;font-size:10pt;">25</font><font style="font-family:inherit;font-size:10pt;"> collision repair centers that serve customers in our local markets.</font><font style="font-family:inherit;font-size:10pt;"> </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><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Coggin dealerships operating primarily in Jacksonville, Fort Pierce and Orlando, Florida;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Courtesy dealerships operating in Tampa, Florida;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Crown dealerships operating in North Carolina, South Carolina and Virginia;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Gray-Daniels dealerships operating in the Jackson, Mississippi area;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• McDavid dealerships operating in Austin, Dallas and Houston, Texas;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Nalley dealerships operating in metropolitan Atlanta, Georgia;</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• North Point dealerships operating in the Little Rock, Arkansas area; and</font><font style="font-family:inherit;font-size:10pt;"> </font></div><div style="line-height:120%;padding-left:4px;padding-top:6px;text-align:left;padding-left:48px;text-indent:-24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">• Plaza dealerships operating in metropolitan St. Louis, Missouri.</font><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;"><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;">In addition, as of June 30, 2016 we owned and operated three stand-alone used vehicle stores under the “Q auto” brand name in Florida.</font><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;"><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>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the periods presented. Actual results could differ materially from these estimates. Estimates and assumptions are reviewed quarterly and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying Condensed Consolidated Financial Statements include, but are not limited to, those relating to inventory valuation reserves, reserves for chargebacks against revenue recognized from the sale of finance and insurance products, certain assumptions related to intangible and long-lived assets, reserves for insurance programs, and reserves for certain legal or similar proceedings relating to our business operations.</font></div></div>

Files In Submission

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$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

2016 Q2 Form 10-Q Financial Statement

#000114498016000216 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG ASBURY AUTOMOTIVE GROUP INC Stock $abg

2016 Q2 Form 10-Q Financial Statement

#000114498016000216 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg