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In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Domestic | 1,007.6 | 6,490.6 | 354.6 | 7,134.5 | 7,452.8 | 7,810.0 | 7,069.8 | 6,359.5 |
Premium Luxury | 4,510.1 | 3,723.8 | 7,434.8 | 1,875.1 | 6,832.7 | 6,665.3 | 6,607.8 | 5,889.3 |
Import | 3,969.8 | 5,988.0 | 6,468.7 | 4,046.4 | 6,873.4 | 6,886.1 | 7,037.2 | 6,717.8 |
Corporate and other | 325.9 | 708.6 | 149.5 | 347.8 | 375.7 | 247.6 | 147.2 | 142.2 |
Other | 16,030.6 | 3,479.0 | 6,928.1 | 8,009.0 | | | | |
Total revenues | 25,844.0 | 20,390.0 | 21,335.7 | 21,412.8 | 21,534.6 | 21,609.0 | 20,862.0 | 19,108.8 |
Revenue growth [+] | 26.7% | -4.4% | -0.4% | -0.6% | -0.3% | 3.6% | 9.2% | 9.1% |
Domestic | -84.5% | 1730.4% | -95.0% | -4.3% | -4.6% | 10.5% | 11.2% | 9.0% |
Premium Luxury | 21.1% | -49.9% | 296.5% | -72.6% | 2.5% | 0.9% | 12.2% | 14.3% |
Import | -33.7% | -7.4% | 59.9% | -41.1% | -0.2% | -2.1% | 4.8% | 5.4% |
Corporate and other | -54.0% | 374.0% | -57.0% | -7.4% | 51.7% | 68.2% | 3.5% | -8.3% |
Unit growth | | | | | | | 9.5% | 1.8% |
Cost of goods sold | 20,891.4 | 16,823.6 | 17,812.7 | 18,015.5 | 18,175.6 | 18,295.8 | 17,600.5 | 16,120.1 |
Gross profit | 4,952.6 | 3,566.4 | 3,523.0 | 3,397.3 | 3,359.0 | 3,313.2 | 3,261.5 | 2,988.7 |
Gross margin | 19.2% | 17.5% | 16.5% | 15.9% | 15.6% | 15.3% | 15.6% | 15.6% |
Selling, general and administrative | 2,876.2 | 2,422.0 | 2,558.6 | 2,509.8 | 2,436.2 | 2,349.4 | 2,263.5 | 2,079.6 |
Other selling, general and administrative | | | | | | | | |
Other operating expenses | -19.7 | 6.5 | -49.3 | -64.7 | -79.2 | -69.1 | -17.9 | -18.6 |
EBITDA [+] | 2,096.1 | 1,137.9 | 1,013.7 | 952.2 | 1,002.0 | 1,032.9 | 1,015.9 | 927.7 |
EBITDA growth | 84.2% | 12.3% | 6.5% | -5.0% | -3.0% | 1.7% | 9.5% | 11.0% |
EBITDA margin | 8.1% | 5.6% | 4.8% | 4.4% | 4.7% | 4.8% | 4.9% | 4.9% |
Depreciation and amortization | 193.3 | 198.9 | 180.5 | 166.2 | 158.6 | 143.4 | 127.4 | 106.9 |
EBIT [+] | 1,902.8 | 939.0 | 833.2 | 786.0 | 843.4 | 889.5 | 888.5 | 820.8 |
EBIT growth | 102.6% | 12.7% | 6.0% | -6.8% | -5.2% | 0.1% | 8.2% | 10.9% |
EBIT margin | 7.4% | 4.6% | 3.9% | 3.7% | 3.9% | 4.1% | 4.3% | 4.3% |
Non-recurring items [+] | | 375.8 | 9.6 | 8.1 | | | 15.4 | |
Asset impairment | | 375.8 | 9.6 | 8.1 | | | 15.4 | 1.1 |
Interest expense, net [+] | 93.0 | 93.7 | 106.7 | 118.3 | 119.2 | 114.4 | 226.1 | 86.5 |
Interest expense | 93.0 | 93.7 | 106.7 | 119.4 | 120.2 | 115.5 | 226.2 | 86.7 |
Interest income | | | | 1.1 | 1.0 | 1.1 | 0.1 | 0.2 |
Other income (expense), net [+] | -1.4 | 80.6 | -104.3 | -130.2 | -87.7 | -72.8 | 75.7 | -52.0 |
Gain (loss) on debt retirement | | | | | | | | -1.6 |
Other | 24.3 | 144.4 | 34.1 | 0.2 | 9.3 | 3.7 | -1.3 | 2.9 |
Pre-tax income | 1,808.4 | 550.1 | 612.6 | 529.4 | 636.5 | 702.3 | 722.7 | 682.3 |
Income taxes | 435.1 | 168.3 | 161.8 | 133.5 | 201.5 | 270.6 | 279.0 | 262.5 |
Tax rate | 24.1% | 30.6% | 26.4% | 25.2% | 31.7% | 38.5% | 38.6% | 38.5% |
Earnings from continuing ops | 1,373.3 | 381.8 | 450.8 | 395.9 | 435.0 | 431.7 | 443.7 | 419.8 |
Earnings from discontinued ops | -0.3 | -0.2 | -0.8 | 0.1 | -0.4 | -1.2 | -1.1 | -1.1 |
Net income | 1,373.0 | 381.6 | 450.0 | 396.0 | 434.6 | 430.5 | 442.6 | 418.7 |
Net margin | 5.3% | 1.9% | 2.1% | 1.8% | 2.0% | 2.0% | 2.1% | 2.2% |
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Basic EPS [+] | $18.51 | $4.32 | $5.00 | $4.36 | $4.45 | $4.19 | $3.94 | $3.58 |
Growth | 328.0% | -13.6% | 14.9% | -2.1% | 6.2% | 6.4% | 10.0% | 15.5% |
Diluted EPS [+] | $18.31 | $4.30 | $4.98 | $4.34 | $1.48 | $1.39 | $3.90 | $3.53 |
Growth | 325.4% | -13.6% | 14.9% | 193.3% | 6.4% | -64.3% | 10.3% | 15.8% |
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Shares outstanding (basic) [+] | 74.2 | 88.3 | 90.1 | 90.9 | 97.8 | 103.1 | 112.7 | 117.3 |
Growth | -16.0% | -2.0% | -0.9% | -7.1% | -5.1% | -8.5% | -3.9% | -3.3% |
Shares outstanding (diluted) [+] | 75.0 | 88.7 | 90.5 | 91.3 | 294.2 | 310.7 | 113.9 | 118.9 |
Growth | -15.4% | -2.0% | -0.9% | -69.0% | -5.3% | 172.8% | -4.2% | -3.6% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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