2020 Q2 Form 10-Q Financial Statement

#000103120320000017 Filed on August 03, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $2.095B $3.006B $2.808B
YoY Change -30.31% 2.11% -1.81%
Cost Of Revenue $1.772B $2.551B $2.377B
YoY Change -30.53% 1.84% -2.6%
Gross Profit $353.9M $454.3M $431.5M
YoY Change -22.1% 3.67% 2.79%
Gross Profit Margin 16.9% 15.11% 15.36%
Selling, General & Admin $237.2M $338.7M $327.7M
YoY Change -29.97% 9.93% 1.03%
% of Gross Profit 67.02% 74.55% 75.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.80M $17.90M $17.00M
YoY Change 5.03% 7.59% 4.03%
% of Gross Profit 5.31% 3.94% 3.94%
Operating Expenses $237.2M $338.7M $327.7M
YoY Change -29.97% 9.93% 1.03%
Operating Profit $79.00M $97.10M $86.80M
YoY Change -18.64% -11.08% 9.73%
Interest Expense -$26.30M -$33.90M -$34.60M
YoY Change -22.42% -0.29% 5.17%
% of Operating Profit -33.29% -34.91% -39.86%
Other Income/Expense, Net
YoY Change
Pretax Income $42.30M $63.20M $52.20M
YoY Change -33.07% -15.94% 13.07%
Income Tax $12.20M $14.00M $13.50M
% Of Pretax Income 28.84% 22.15% 25.86%
Net Earnings $30.20M $49.20M $38.60M
YoY Change -38.62% -12.92% 7.82%
Net Earnings / Revenue 1.44% 1.64% 1.37%
Basic Earnings Per Share $1.64 $2.65 $2.09
Diluted Earnings Per Share $1.63 $2.64 $2.08
COMMON SHARES
Basic Shares Outstanding 17.77M shares 17.91M shares 17.80M shares
Diluted Shares Outstanding 17.81M shares 17.93M shares 17.85M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $72.70M $37.70M $33.60M
YoY Change 92.84% -9.38% 1.51%
Cash & Equivalents $72.70M $37.74M $33.62M
Short-Term Investments
Other Short-Term Assets $21.10M $89.70M $92.00M
YoY Change -76.48% 10.74% 18.1%
Inventory $1.327B $1.794B $1.861B
Prepaid Expenses $88.00M
Receivables $152.5M $188.5M $185.3M
Other Receivables $173.3M $252.5M $261.2M
Total Short-Term Assets $1.835B $2.362B $2.433B
YoY Change -22.33% 3.98% 0.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.549B $1.423B $1.371B
YoY Change 8.85% 5.52% 0.95%
Goodwill $989.7M $963.5M $965.9M
YoY Change 2.72% 1.87% 0.6%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.70M $14.88M $18.55M
YoY Change 79.44% -55.17% -41.42%
Total Long-Term Assets $3.025B $2.864B $2.830B
YoY Change 5.64% 9.51% 7.0%
TOTAL ASSETS
Total Short-Term Assets $1.835B $2.362B $2.433B
Total Long-Term Assets $3.025B $2.864B $2.830B
Total Assets $4.860B $5.226B $5.263B
YoY Change -7.01% 6.94% 4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $442.7M $485.9M $507.3M
YoY Change -8.89% 9.79% 22.33%
Accrued Expenses $199.9M $198.0M $208.1M
YoY Change 0.95% 4.76% 7.12%
Deferred Revenue
YoY Change
Short-Term Debt $1.054B $1.622B $1.620B
YoY Change -34.99% 13.98% 6.45%
Long-Term Debt Due $54.60M $6.200M $77.50M
YoY Change 780.65% -89.95% 33.16%
Total Short-Term Liabilities $1.775B $2.335B $2.437B
YoY Change -23.99% 10.33% 7.48%
LONG-TERM LIABILITIES
Long-Term Debt $1.361B $1.296B $1.263B
YoY Change 5.02% -4.59% -8.29%
Other Long-Term Liabilities $109.0M $102.6M $93.47M
YoY Change 6.27% 3.29% -4.77%
Total Long-Term Liabilities $109.0M $102.6M $93.47M
YoY Change 6.27% 3.29% -4.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.775B $2.335B $2.437B
Total Long-Term Liabilities $109.0M $102.6M $93.47M
Total Liabilities $1.884B $2.438B $2.530B
YoY Change -22.72% 10.01% 6.97%
SHAREHOLDERS EQUITY
Retained Earnings $1.597B $1.467B $1.423B
YoY Change 8.86% 9.54% 13.11%
Common Stock $300.3M $288.5M $287.4M
YoY Change 4.11% -0.1% 0.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $467.9M $438.8M $443.5M
YoY Change 6.63% 33.4% 52.65%
Treasury Stock Shares 7.179M shares 6.927B shares 7.001M shares
Shareholders Equity $1.216B $1.164B $1.128B
YoY Change
Total Liabilities & Shareholders Equity $4.860B $5.226B $5.263B
YoY Change -7.01% 6.94% 4.05%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $30.20M $49.20M $38.60M
YoY Change -38.62% -12.92% 7.82%
Depreciation, Depletion And Amortization $18.80M $17.90M $17.00M
YoY Change 5.03% 7.59% 4.03%
Cash From Operating Activities $644.1M $125.0M $127.9M
YoY Change 415.28% 9.36% -14.01%
INVESTING ACTIVITIES
Capital Expenditures -$28.90M -$67.50M $41.71M
YoY Change -57.19% 67.49% -13.01%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$1.200M $2.700M $200.0K
YoY Change -144.44% -96.08% -242.86%
Cash From Investing Activities -$30.10M -$64.80M -$6.786M
YoY Change -53.55% -326.57% -94.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -560.5M -55.30M -$102.5M
YoY Change 913.56% -57.79% 272.26%
NET CHANGE
Cash From Operating Activities 644.1M 125.0M $127.9M
Cash From Investing Activities -30.10M -64.80M -$6.786M
Cash From Financing Activities -560.5M -55.30M -$102.5M
Net Change In Cash 53.50M 4.900M $18.14M
YoY Change 991.84% -58.82% 268.0%
FREE CASH FLOW
Cash From Operating Activities $644.1M $125.0M $127.9M
Capital Expenditures -$28.90M -$67.50M $41.71M
Free Cash Flow $673.0M $192.5M $86.23M
YoY Change 249.61% 24.51% -14.49%

Facts In Submission

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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.73
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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17900000 shares
CY2020Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020Q1 us-gaap Stockholders Equity
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Stock Issued During Period Value Treasury Stock Reissued
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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22800000 USD
CY2019Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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73100000 USD
us-gaap Net Income Loss
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
300000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
700000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
30200000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
30200000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16600000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Dividends Common Stock Cash
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
49200000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2019Q2 us-gaap Dividends Common Stock Cash
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CY2018Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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gpi Stock Issued During Period Value Employee Stock Purchase Plan Net
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10000000.0 USD
us-gaap Dividends Common Stock Cash
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CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
87900000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
37400000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34900000 USD
gpi Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
12900000 USD
gpi Operating Lease Rightof Use Asset Amortization
OperatingLeaseRightofUseAssetAmortization
14400000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
5100000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
23800000 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
500000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21700000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10000000.0 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1900000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2100000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
6000000.0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10400000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
77300000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
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us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
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us-gaap Increase Decrease In Retail Related Inventories
IncreaseDecreaseInRetailRelatedInventories
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gpi Increase Decrease In Contracts In Transit And Vehicle Receivables
IncreaseDecreaseInContractsInTransitAndVehicleReceivables
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gpi Increase Decrease In Contracts In Transit And Vehicle Receivables
IncreaseDecreaseInContractsInTransitAndVehicleReceivables
-12400000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4800000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
16500000 USD
gpi Increase Decrease Floor Plan Notes
IncreaseDecreaseFloorPlanNotes
90300000 USD
gpi Increase Decrease Floor Plan Notes
IncreaseDecreaseFloorPlanNotes
-8800000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-300000 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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gpi Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
13800000 USD
gpi Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
14500000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
109200000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3100000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
300000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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gpi Borrowings On Credit Facility Floorplan Line
BorrowingsOnCreditFacilityFloorplanLine
2946300000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
307900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
688200000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
252900000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1300000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
gpi Proceeds From Disposition Of Franchise Property And Equipment
ProceedsFromDispositionOfFranchisePropertyAndEquipment
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gpi Proceeds From Disposition Of Franchise Property And Equipment
ProceedsFromDispositionOfFranchisePropertyAndEquipment
37900000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
60500000 USD
gpi Borrowings On Credit Facility Floorplan Line
BorrowingsOnCreditFacilityFloorplanLine
3306500000 USD
gpi Repayments On Credit Facility Floorplan Line
RepaymentsOnCreditFacilityFloorplanLine
3381400000 USD
gpi Repayments On Credit Facility Floorplan Line
RepaymentsOnCreditFacilityFloorplanLine
3425400000 USD
gpi Borrowings On Credit Facility Acquisition Line
BorrowingsOnCreditFacilityAcquisitionLine
284000000.0 USD
gpi Borrowings On Credit Facility Acquisition Line
BorrowingsOnCreditFacilityAcquisitionLine
124200000 USD
gpi Repayments On Credit Facility Acquisition Line
RepaymentsOnCreditFacilityAcquisitionLine
215200000 USD
gpi Repayments On Credit Facility Acquisition Line
RepaymentsOnCreditFacilityAcquisitionLine
117900000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1200000 USD
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
0 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
41200000 USD
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
76900000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
63600000 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
90200000 USD
gpi Borrowings Of Long Term Debt Related To Real Estate Loans
BorrowingsOfLongTermDebtRelatedToRealEstateLoans
188600000 USD
gpi Borrowings Of Long Term Debt Related To Real Estate Loans
BorrowingsOfLongTermDebtRelatedToRealEstateLoans
33200000 USD
gpi Principal Payments Of Long Term Debt Related To Real Estate Loans
PrincipalPaymentsOfLongTermDebtRelatedToRealEstateLoans
14600000 USD
gpi Principal Payments Of Long Term Debt Related To Real Estate Loans
PrincipalPaymentsOfLongTermDebtRelatedToRealEstateLoans
53300000 USD
gpi Net Issuanceof Commonand Treasury Sharesto Employee Stock Compensation Plans
NetIssuanceofCommonandTreasurySharestoEmployeeStockCompensationPlans
4500000 USD
gpi Net Issuanceof Commonand Treasury Sharesto Employee Stock Compensation Plans
NetIssuanceofCommonandTreasurySharestoEmployeeStockCompensationPlans
4300000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5100000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3300000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
48900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9700000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3400000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-800000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
44600000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22800000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28100000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18700000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
72700000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41500000 USD
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Accelerated Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardAcceleratedCompensationCost
10600000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:8px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the Company’s financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the balance sheet date and the amounts of revenues and expenses recognized during the reporting period. Management analyzes the Company’s estimates based on historical experience and other assumptions that are believed to be reasonable under the circumstances; however, actual results could differ materially from such estimates. Significant estimates made in the accompanying Condensed Consolidated Financial Statements include, but are not limited to, inventory valuation adjustments, reserves for future chargebacks on finance, insurance and vehicle service contract fees, self-insured property and casualty insurance exposure, the fair value of assets acquired and liabilities assumed in business combinations, the valuation of goodwill and intangible franchise rights and reserves for potential litigation. Additionally, while the full impact of the COVID-19 pandemic is unknown and cannot be reasonably estimated, the Company has made accounting estimates based on the facts and circumstances available as of the reporting date. </span></div>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4822000000.0 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2131200000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3005700000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5814100000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
5400000 USD
CY2020Q2 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2131200000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4822000000.0 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
42300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
81200000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3005700000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5814100000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
63200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
115400000 USD
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17771447 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17908039 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17767449 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17852985 shares
CY2020Q2 gpi Dilutive Effect Of Restricted Stock And Employee Stock Purchases Net Of Assumed Repurchase Of Treasury Stock
DilutiveEffectOfRestrictedStockAndEmployeeStockPurchasesNetOfAssumedRepurchaseOfTreasuryStock
40166 shares
CY2019Q2 gpi Dilutive Effect Of Restricted Stock And Employee Stock Purchases Net Of Assumed Repurchase Of Treasury Stock
DilutiveEffectOfRestrictedStockAndEmployeeStockPurchasesNetOfAssumedRepurchaseOfTreasuryStock
22241 shares
gpi Dilutive Effect Of Restricted Stock And Employee Stock Purchases Net Of Assumed Repurchase Of Treasury Stock
DilutiveEffectOfRestrictedStockAndEmployeeStockPurchasesNetOfAssumedRepurchaseOfTreasuryStock
42488 shares
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3300000 USD
gpi Dilutive Effect Of Restricted Stock And Employee Stock Purchases Net Of Assumed Repurchase Of Treasury Stock
DilutiveEffectOfRestrictedStockAndEmployeeStockPurchasesNetOfAssumedRepurchaseOfTreasuryStock
24691 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17811613 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17930280 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17809937 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17877676 shares
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
30200000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
49200000 USD
us-gaap Net Income Loss
NetIncomeLoss
60000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
87900000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1100000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1800000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2200000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29100000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
47400000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
84600000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.64
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.65
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.74
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
30200000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
49200000 USD
us-gaap Net Income Loss
NetIncomeLoss
60000000.0 USD
us-gaap Net Income Loss
NetIncomeLoss
87900000 USD
CY2020Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1100000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
1800000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
2100000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
3300000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29100000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
47400000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
57800000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
84600000 USD
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.63
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.73
CY2020Q2 us-gaap Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease Adjustments Before Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsBeforeTax
0 USD
CY2020Q2 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
0 USD
CY2019Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
1900000 USD
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
1900000 USD
CY2020Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
3200000 USD
CY2019Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2800000 USD
CY2020Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
49300000 USD
CY2019Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
4400000 USD
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
52500000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
7200000 USD
CY2020Q2 us-gaap Hedged Asset Fair Value Hedge Cumulative Increase Decrease
HedgedAssetFairValueHedgeCumulativeIncreaseDecrease
-40100000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-13700000 USD
CY2020Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
3200000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-38600000 USD
CY2020Q2 gpi Contracts In Transit Gross
ContractsInTransitGross
114500000 USD
CY2019Q4 gpi Contracts In Transit Gross
ContractsInTransitGross
169900000 USD
CY2020Q2 gpi Vehicle Receivables Gross
VehicleReceivablesGross
59200000 USD
CY2019Q4 gpi Vehicle Receivables Gross
VehicleReceivablesGross
84300000 USD
CY2020Q2 gpi Contracts In Transit And Vehicle Receivables Gross
ContractsInTransitAndVehicleReceivablesGross
173700000 USD
CY2019Q4 gpi Contracts In Transit And Vehicle Receivables Gross
ContractsInTransitAndVehicleReceivablesGross
254100000 USD
CY2020Q2 gpi Contracts In Transit And Vehicle Receivables Allowance For Doubtful Accounts
ContractsInTransitAndVehicleReceivablesAllowanceForDoubtfulAccounts
400000 USD
CY2019Q4 gpi Contracts In Transit And Vehicle Receivables Allowance For Doubtful Accounts
ContractsInTransitAndVehicleReceivablesAllowanceForDoubtfulAccounts
300000 USD
CY2020Q2 gpi Contracts In Transit And Vehicle Receivables Net
ContractsInTransitAndVehicleReceivablesNet
173300000 USD
CY2019Q4 gpi Contracts In Transit And Vehicle Receivables Net
ContractsInTransitAndVehicleReceivablesNet
253800000 USD
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
156000000.0 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
227900000 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3500000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2800000 USD
CY2020Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
152500000 USD
CY2019Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
225100000 USD
CY2020Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
25300000 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21600000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1008300000 USD
gpi Goodwill Adjustmentsand Acquired During Period
GoodwillAdjustmentsandAcquiredDuringPeriod
1300000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
0 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
10700000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
9100000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
989700000 USD
CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
108600000 USD
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
90000000.0 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
83000000.0 USD
CY2020Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
25400000 USD
CY2019Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
42800000 USD
CY2020Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1422600000 USD
CY2019Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1501700000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2900000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5600000 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4400000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4800000 USD
CY2020Q2 gpi Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current
LongTermDebtAndCapitalLeaseObligationsExcludingShortTermFinancingCurrent
54600000 USD
CY2019Q4 gpi Long Term Debt And Capital Lease Obligations Excluding Short Term Financing Current
LongTermDebtAndCapitalLeaseObligationsExcludingShortTermFinancingCurrent
59100000 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1360700000 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1432100000 USD
CY2020Q2 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1.02625
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10400000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
1900000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
600000 USD
CY2020Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
4600000 USD
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
18600000 USD
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
23600000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
72700000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23800000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4300000 USD
gpi Increase Decreasein Capital Expenditures Accrued
IncreaseDecreaseinCapitalExpendituresAccrued
2700000 USD
gpi Increase Decreasein Capital Expenditures Accrued
IncreaseDecreaseinCapitalExpendituresAccrued
-3500000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3100000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5300000 USD
gpi Rightof Use Asset Obtainedin Exchangefor Operating Lease Liability Modificationsand Remeasurements
RightofUseAssetObtainedinExchangeforOperatingLeaseLiabilityModificationsandRemeasurements
18100000 USD
gpi Rightof Use Asset Obtainedin Exchangefor Operating Lease Liability Modificationsand Remeasurements
RightofUseAssetObtainedinExchangeforOperatingLeaseLiabilityModificationsandRemeasurements
-10700000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
13800000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
400000 USD
gpi Rightof Use Asset Obtainedin Exchangefor Finance Lease Liability Modificationsand Remeasurements
RightofUseAssetObtainedinExchangeforFinanceLeaseLiabilityModificationsandRemeasurements
-1500000 USD
gpi Rightof Use Asset Obtainedin Exchangefor Finance Lease Liability Modificationsand Remeasurements
RightofUseAssetObtainedinExchangeforFinanceLeaseLiabilityModificationsandRemeasurements
8300000 USD
us-gaap Interest Paid Net
InterestPaidNet
57000000.0 USD
us-gaap Interest Paid Net
InterestPaidNet
64400000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-6800000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
19400000 USD
CY2020Q2 gpi Lettersof Credit Outstandingas Beneficiary
LettersofCreditOutstandingasBeneficiary
6100000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-80200000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-11200000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
-800000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-66400000 USD
us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-18400000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
-4300000 USD
us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-14800000 USD

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a2020q2exhibit101.htm Edgar Link pending
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