Question
i need to set up a vertical common-size income statement
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended Dec. 31, 2014 Dec. 31, 2013 Dec. 31, 2012
REVENUES: New vehicle retail sales $ 5,741,619 $ 5,224,921 $ 4,291,098 Used vehicle retail sales 2,324,868 2,039,428 1,756,918 Used vehicle wholesale sales 379,143 332,185 288,139 Parts and service sales 1,125,694 1,010,685 880,070 Finance, insurance and other, net 366,565 311,362 259,875 Total revenues 9,937,889 8,918,581 7,476,100
COST OF SALES: New vehicle retail sales 5,430,402 4,935,046 4,043,659 Used vehicle retail sales 2,151,346 1,878,549 1,610,912 Used vehicle wholesale sales 376,824 332,380 285,695 Parts and service sales 531,379 480,060 418,582 Total cost of sales 8,489,951 7,626,035 6,358,848 GROSS PROFIT 1,447,938 1,292,546 1,117,252 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,061,964 976,856 848,446 DEPRECIATION AND AMORTIZATION EXPENSE 42,344 35,826 31,534 ASSET IMPAIRMENTS 41,520 6,542 7,276 INCOME FROM OPERATIONS 302,110 273,322 229,996
OTHER INCOME (EXPENSE): Floorplan interest expense (41,614) (41,667) (31,796) Other interest expense, net (49,693) (38,971) (37,465) Other Expenses 0 (789) 0 Gains (Losses) on Extinguishment of Debt (46,403) 0 0 INCOME BEFORE INCOME TAXES 164,400 191,895 160,735 PROVISION FOR INCOME TAXES (71,396) (77,903) (60,526) NET INCOME $ 93,004 $ 113,992 $ 100,209 BASIC EARNINGS PER SHARE $ 3.82 $ 4.72 $ 4.39 Weighted average common shares outstanding 23,380 23,096 21,620 DILUTED EARNINGS PER SHARE $ 3.60 $ 4.32 $ 4.19 Weighted average common shares outstanding 24,885 25,314 22,688 CASH DIVIDENDS PER COMMON SHARE $ 0.70 $ 0.65 $ 0.59
Explanation / Answer
i need to set up a vertical common-size income statement Consolidated Statements
