2021 Q4 Form 10-Q Financial Statement

#000114498021000138 Filed on October 26, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $2.655B $2.406B $1.845B
YoY Change 18.84% 30.38% 0.18%
Cost Of Revenue $2.113B $1.926B $1.510B
YoY Change 13.47% 27.59% -2.54%
Gross Profit $542.3M $480.0M $335.9M
YoY Change 45.66% 42.9% 14.6%
Gross Profit Margin 20.43% 19.95% 18.2%
Selling, General & Admin $295.7M $268.7M $206.5M
YoY Change 29.41% 30.12% 2.23%
% of Gross Profit 54.53% 55.98% 61.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.30M $10.70M $9.800M
YoY Change 18.95% 9.18% 7.69%
% of Gross Profit 2.08% 2.23% 2.92%
Operating Expenses $306.2M $268.7M $206.5M
YoY Change 28.76% 30.12% 2.23%
Operating Profit $236.1M $201.0M $119.1M
YoY Change 75.54% 68.77% 44.89%
Interest Expense -$52.40M -$16.30M -$15.90M
YoY Change 181.72% 2.52% -29.96%
% of Operating Profit -22.19% -8.11% -13.35%
Other Income/Expense, Net -$8.300M $8.800M
YoY Change -194.32% -138.77%
Pretax Income $183.7M $192.7M $127.9M
YoY Change 53.34% 50.66% 114.96%
Income Tax $43.20M $45.70M $31.70M
% Of Pretax Income 23.52% 23.72% 24.78%
Net Earnings $140.5M $147.0M $96.20M
YoY Change 57.69% 52.81% 113.78%
Net Earnings / Revenue 5.29% 6.11% 5.21%
Basic Earnings Per Share $7.62 $5.01
Diluted Earnings Per Share $6.416M $7.54 $4.96
COMMON SHARES
Basic Shares Outstanding 19.34M shares 19.30M shares 19.20M shares
Diluted Shares Outstanding 19.50M shares 19.40M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $189.9M $330.6M $4.100M
YoY Change 13464.29% 7963.41% 127.78%
Cash & Equivalents $178.9M $330.6M $4.100M
Short-Term Investments $11.00M
Other Short-Term Assets $203.7M $183.4M $170.1M
YoY Change 10.83% 7.82% 31.96%
Inventory $718.4M $413.8M $828.7M
Prepaid Expenses $1.500M
Receivables $0.00 $56.40M $126.4M
Other Receivables $114.3M $50.20M $0.00
Total Short-Term Assets $1.929B $1.151B $1.298B
YoY Change 37.26% -11.36% -10.36%
LONG-TERM ASSETS
Property, Plant & Equipment $1.990B $1.197B $945.4M
YoY Change 108.12% 26.59% 0.21%
Goodwill $2.272B $569.5M $888.6M
YoY Change 304.07% -35.91% 226.57%
Intangibles
YoY Change
Long-Term Investments $123.5M
YoY Change
Other Assets $22.20M $13.50M $9.800M
YoY Change 131.25% 37.76% -2.97%
Total Long-Term Assets $6.073B $2.421B $2.233B
YoY Change 167.47% 8.43% 63.14%
TOTAL ASSETS
Total Short-Term Assets $1.929B $1.151B $1.298B
Total Long-Term Assets $6.073B $2.421B $2.233B
Total Assets $8.003B $3.571B $3.531B
YoY Change 117.68% 1.16% 25.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $163.9M $459.5M $418.0M
YoY Change 67.93% 9.93% 32.7%
Accrued Expenses $7.000M $18.20M $26.90M
YoY Change 150.0% -32.34% 28.1%
Deferred Revenue $181.5M
YoY Change
Short-Term Debt $564.5M $138.2M $695.6M
YoY Change -19.61% -80.13% -19.21%
Long-Term Debt Due $62.50M $43.30M $49.70M
YoY Change 70.77% -12.88% 30.45%
Total Short-Term Liabilities $1.598B $659.2M $1.213B
YoY Change 30.62% -45.64% -1.81%
LONG-TERM LIABILITIES
Long-Term Debt $3.520B $1.328B $1.174B
YoY Change 202.1% 13.08% 35.3%
Other Long-Term Liabilities $60.70M $45.60M $43.60M
YoY Change 19.25% 4.59% 32.52%
Total Long-Term Liabilities $60.70M $45.60M $43.60M
YoY Change 19.25% 4.59% 32.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.598B $659.2M $1.213B
Total Long-Term Liabilities $60.70M $45.60M $43.60M
Total Liabilities $1.659B $704.8M $1.256B
YoY Change 30.17% -43.9% -0.92%
SHAREHOLDERS EQUITY
Retained Earnings $1.881B $1.741B $1.260B
YoY Change 39.47% 38.18% 19.88%
Common Stock $1.279B $608.1M $592.5M
YoY Change 114.63% 2.63% 1.94%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.044B $1.044B $1.034B
YoY Change 1.01% 0.99% 0.5%
Treasury Stock Shares 21.91M shares 21.91M shares 21.85M shares
Shareholders Equity $2.116B $1.301B $811.9M
YoY Change
Total Liabilities & Shareholders Equity $8.003B $3.571B $3.531B
YoY Change 117.68% 1.16% 25.35%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $140.5M $147.0M $96.20M
YoY Change 57.69% 52.81% 113.78%
Depreciation, Depletion And Amortization $11.30M $10.70M $9.800M
YoY Change 18.95% 9.18% 7.69%
Cash From Operating Activities $205.1M $371.3M $70.60M
YoY Change 651.28% 425.92% -62.29%
INVESTING ACTIVITIES
Capital Expenditures -$24.80M -$25.00M -$9.300M
YoY Change 30.53% 168.82% -58.48%
Acquisitions
YoY Change
Other Investing Activities -$3.644B $5.200M -$844.9M
YoY Change -22453.37% -100.62% 823.39%
Cash From Investing Activities -$3.668B -$19.80M -$854.2M
YoY Change 135766.67% -97.68% 649.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.312B -123.2M 174.5M
YoY Change -12230.4% -170.6% -315.17%
NET CHANGE
Cash From Operating Activities 205.1M 371.3M 70.60M
Cash From Investing Activities -3.668B -19.80M -854.2M
Cash From Financing Activities 3.312B -123.2M 174.5M
Net Change In Cash -151.7M 228.3M -609.1M
YoY Change 5518.52% -137.48% 7708.97%
FREE CASH FLOW
Cash From Operating Activities $205.1M $371.3M $70.60M
Capital Expenditures -$24.80M -$25.00M -$9.300M
Free Cash Flow $229.9M $396.3M $79.90M
YoY Change 396.54% 395.99% -61.88%

Facts In Submission

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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
127900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
514000000.0 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
218300000 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
45700000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
31700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
122100000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000000.0 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000.0 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
96200000 USD
us-gaap Net Income Loss
NetIncomeLoss
391900000 USD
us-gaap Net Income Loss
NetIncomeLoss
165300000 USD
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.62
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
20.31
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.61
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.54
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.96
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
20.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.56
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19300000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19200000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19300000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19200000 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
100000 shares
CY2020Q3 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
us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
0 shares
CY2021Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2020Q3 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
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
100000 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19500000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19500000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19300000 shares
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000.0 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
96200000 USD
us-gaap Net Income Loss
NetIncomeLoss
391900000 USD
us-gaap Net Income Loss
NetIncomeLoss
165300000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2900000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
2600000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-5100000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
700000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
700000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTaxParent
-1300000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
149200000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
96200000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
393800000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
161500000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
905500000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
92800000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1600000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4600000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
97400000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4700000 USD
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
9600000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
998000000.0 USD
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
152100000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1600000 USD
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-4900000 USD
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
147200000 USD
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3700000 USD
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
600000 USD
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1148300000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
147000000.0 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
700000 USD
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2200000 USD
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
149200000 USD
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3800000 USD
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2021Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1301300000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
646300000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
19500000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
1100000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3400000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
16100000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3800000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-300000 USD
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
5000000.0 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
660900000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
49600000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
200000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-400000 USD
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49200000 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3100000 USD
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
0 USD
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
100000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
713100000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
96200000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
96200000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2800000 USD
CY2020Q3 us-gaap Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
200000 USD
CY2020Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
811900000 USD
us-gaap Net Income Loss
NetIncomeLoss
391900000 USD
us-gaap Net Income Loss
NetIncomeLoss
165300000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
30600000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
29000000.0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12200000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9200000 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
23000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-20600000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
17700000 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
15500000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
8000000.0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
58400000 USD
abg Changein Operating Lease Rightof Use Asset
ChangeinOperatingLeaseRightofUseAsset
15700000 USD
abg Changein Operating Lease Rightof Use Asset
ChangeinOperatingLeaseRightofUseAsset
13000000.0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-100000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1400000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
61200000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
75600000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-48600000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-10200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-620600000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-420500000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
177200000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
110700000 USD
abg Increase Decrease In Floor Plan Notes Payable Trade
IncreaseDecreaseInFloorPlanNotesPayableTrade
-42700000 USD
abg Increase Decrease In Floor Plan Notes Payable Trade
IncreaseDecreaseInFloorPlanNotesPayableTrade
-68300000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
7600000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
84400000 USD
abg Operating Lease Liability Operating Activities
OperatingLeaseLiabilityOperatingActivities
15700000 USD
abg Operating Lease Liability Operating Activities
OperatingLeaseLiabilityOperatingActivities
13000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
4000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-7900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
958600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
625200000 USD
abg Paymentsto Acquire Property Plantand Equipment Excluding Real Estate
PaymentstoAcquirePropertyPlantandEquipmentExcludingRealEstate
49400000 USD
abg Paymentsto Acquire Property Plantand Equipment Excluding Real Estate
PaymentstoAcquirePropertyPlantandEquipmentExcludingRealEstate
27500000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7800000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
2300000 USD
abg Paymentsto Acquire Previously Leased Real Estate
PaymentstoAcquirePreviouslyLeasedRealEstate
217100000 USD
abg Paymentsto Acquire Previously Leased Real Estate
PaymentstoAcquirePreviouslyLeasedRealEstate
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
17100000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
954100000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
21300000 USD
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
161600000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
21500000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4200000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-248600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-818100000 USD
abg Proceeds From Floor Plan Borrowings Non Trade
ProceedsFromFloorPlanBorrowingsNonTrade
3404800000 USD
abg Proceeds From Floor Plan Borrowings Non Trade
ProceedsFromFloorPlanBorrowingsNonTrade
2838300000 USD
abg Floor Plan Borrowings Acquisitions
FloorPlanBorrowingsAcquisitions
300000 USD
abg Floor Plan Borrowings Acquisitions
FloorPlanBorrowingsAcquisitions
131600000 USD
abg Repayments Of Floor Plan Payables Non Trade
RepaymentsOfFloorPlanPayablesNonTrade
3925500000 USD
abg Repayments Of Floor Plan Payables Non Trade
RepaymentsOfFloorPlanPayablesNonTrade
2995700000 USD
abg Repayments Of Floor Plan Payables Non Trade Divestitures
RepaymentsOfFloorPlanPayablesNonTradeDivestitures
800000 USD
abg Repayments Of Floor Plan Payables Non Trade Divestitures
RepaymentsOfFloorPlanPayablesNonTradeDivestitures
55300000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
184400000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1875300000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33700000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1599700000 USD
abg Sale Leaseback Transaction Proceeds Financing Activities
SaleLeasebackTransactionProceedsFinancingActivities
0 USD
abg Sale Leaseback Transaction Proceeds Financing Activities
SaleLeasebackTransactionProceedsFinancingActivities
7300000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
10300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5200000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-380800000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
193500000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
329200000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
600000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1400000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3500000 USD
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330600000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4100000 USD
CY2021Q3 abg Number Of Franchises
NumberOfFranchises
112 franchise
CY2021Q3 abg Number Of Dealership Locations
NumberOfDealershipLocations
91 dealership_location
CY2021Q3 abg Number Of Vehicle Brands
NumberOfVehicleBrands
31 VehicleBrands
CY2021Q3 abg Number Of Collision Repair Centers
NumberOfCollisionRepairCenters
25 CollisionRepairCenters
CY2021Q3 abg Number Of Auto Actions
NumberOfAutoActions
1 autoAuction
CY2021Q3 abg Number Of Metropolitan Markets
NumberOfMetropolitanMarkets
15 MetropolitanMarkets
CY2021Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
9 states
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:9pt;margin-top:9pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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, variable consideration and constraint considerations related to retro-commission arrangements, reserves for chargebacks against revenue recognized from the sale of finance and insurance products, reserves for insurance programs, certain assumptions related to intangible and long-lived assets, and reserves for certain legal or similar proceedings relating to our business operations.</span></div>
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2406000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1845400000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7182900000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4897800000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
20400000 USD
CY2021Q1 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
10400000 USD
CY2021Q1 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
11200000 USD
CY2021Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
21200000 USD
CY2021Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
11700000 USD
CY2021Q2 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
13300000 USD
CY2021Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
22800000 USD
CY2021Q3 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
13800000 USD
CY2021Q3 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
15900000 USD
CY2021Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
24900000 USD
CY2020Q1 abg Terminationof Business Acquisition Paymentof Liquidated Damages
TerminationofBusinessAcquisitionPaymentofLiquidatedDamages
10000000 USD
CY2020Q3 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
12 franchise
CY2020Q3 abg Numberof Dealership Locations Acquired
NumberofDealershipLocationsAcquired
8 dealership_location
CY2020Q3 abg Number Of Collision Centers Acquired
NumberOfCollisionCentersAcquired
2 collision_center
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
2045700000 USD
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
107000000.0 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
5755600000 USD
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
187400000 USD
abg Business Combination Consideration Transferred Other Release
BusinessCombinationConsiderationTransferredOtherRelease
1000000 USD
CY2021Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
108100000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
156700000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1200000 USD
CY2021Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
106600000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
155500000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
413800000 USD
CY2021Q3 abg Disposal Group Including Discontinued Operation Longterm Debt
DisposalGroupIncludingDiscontinuedOperationLongtermDebt
0 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
875200000 USD
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4500000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6700000 USD
CY2021Q3 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
15800000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
28300000 USD
CY2021Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
15800000 USD
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
28300000 USD
CY2021Q3 abg Disposal Group Including Discontinued Operation Current Maturitiesof Longterm Debt
DisposalGroupIncludingDiscontinuedOperationCurrentMaturitiesofLongtermDebt
0 USD
CY2020Q4 abg Disposal Group Including Discontinued Operation Current Maturitiesof Longterm Debt
DisposalGroupIncludingDiscontinuedOperationCurrentMaturitiesofLongtermDebt
500000 USD
CY2020Q4 abg Disposal Group Including Discontinued Operation Longterm Debt
DisposalGroupIncludingDiscontinuedOperationLongtermDebt
8400000 USD
CY2021Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
8900000 USD
CY2021Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
15800000 USD
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
19400000 USD
us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
23000000 USD
CY2021Q3 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
0 USD
CY2021Q3 abg Floor Plan Notes Payable Trade Gross
FloorPlanNotesPayableTradeGross
23700000 USD
CY2020Q4 abg Floor Plan Notes Payable Trade Gross
FloorPlanNotesPayableTradeGross
71700000 USD
CY2021Q3 abg Floor Plan Notes Payable Trade Offsets
FloorPlanNotesPayableTradeOffsets
1600000 USD
CY2020Q4 abg Floor Plan Notes Payable Trade Offsets
FloorPlanNotesPayableTradeOffsets
6800000 USD
CY2021Q3 abg Floor Plan Notes Payable Trade
FloorPlanNotesPayableTrade
22100000 USD
CY2020Q4 abg Floor Plan Notes Payable Trade
FloorPlanNotesPayableTrade
64900000 USD
CY2021Q3 abg Floor Plan Notes Payable Non Trade New Gross
FloorPlanNotesPayableNonTradeNewGross
161300000 USD
CY2020Q4 abg Floor Plan Notes Payable Non Trade New Gross
FloorPlanNotesPayableNonTradeNewGross
715900000 USD
CY2021Q3 abg Floor Plan Notes Payable Non Trade Offsets
FloorPlanNotesPayableNonTradeOffsets
45200000 USD
CY2020Q4 abg Floor Plan Notes Payable Non Trade Offsets
FloorPlanNotesPayableNonTradeOffsets
78600000 USD
CY2021Q3 abg Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
116100000 USD
CY2020Q4 abg Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
637300000 USD
CY2021Q3 abg Floor Plan Notes Payable Offsets
FloorPlanNotesPayableOffsets
46800000 USD
CY2020Q4 abg Floor Plan Notes Payable Offsets
FloorPlanNotesPayableOffsets
85400000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
24900000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
16600000 USD
CY2021Q3 abg Long Term Debt And Capital Lease Obligations Current And Noncurrent
LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent
1379900000 USD
CY2020Q4 abg Long Term Debt And Capital Lease Obligations Current And Noncurrent
LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent
1212200000 USD
CY2021Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
11900000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
13700000 USD
CY2021Q3 abg Long Term Debtand Capital Lease Obligations Currentand Noncurrent Including Unamortized Premium Discount
LongTermDebtandCapitalLeaseObligationsCurrentandNoncurrentIncludingUnamortizedPremiumDiscount
1371000000 USD
CY2020Q4 abg Long Term Debtand Capital Lease Obligations Currentand Noncurrent Including Unamortized Premium Discount
LongTermDebtandCapitalLeaseObligationsCurrentandNoncurrentIncludingUnamortizedPremiumDiscount
1201800000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
43300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
36600000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1327700000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1165200000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
1346100000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1185200000 USD
CY2021Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1394300000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1253900000 USD
us-gaap Interest Paid Net
InterestPaidNet
58900000 USD
us-gaap Interest Paid Net
InterestPaidNet
54700000 USD
abg Cash Paid During Period Related To Floor Plan Interest
CashPaidDuringPeriodRelatedToFloorPlanInterest
7400000 USD
abg Cash Paid During Period Related To Floor Plan Interest
CashPaidDuringPeriodRelatedToFloorPlanInterest
16100000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
94200000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
34700000 USD
abg Loaner Vehicles Amount Transferred From Other Current Assets To Inventory
LoanerVehiclesAmountTransferredFromOtherCurrentAssetsToInventory
159600000 USD
abg Loaner Vehicles Amount Transferred From Other Current Assets To Inventory
LoanerVehiclesAmountTransferredFromOtherCurrentAssetsToInventory
111100000 USD

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