Automotive Retail Operating Highlights
 |
|
*Pro Forma results exclude restructuring
and impairment charges and other one-time items.
Restructuring and impairment charges in 1999 relate primarily
to the closure of the
Company's used vehicle megastores.
|
Consolidated Earnings and Balance Sheet Highlights
| |
|
AS
OF AND FOR THE YEAR ENDED DECEMBER
31,
|
|
| (in
millions except per share data) |
1997
|
1998
|
1999
|
2000
|
 |
| Income from continuing operations
|
|
|
|
|
|
|
|
|
| Reported.
....................................... |
$
|
13
|
$
|
226
|
$
|
(32)
|
$
|
328
|
| Pro
Forma .....................................
|
$
|
44
|
$
|
226
|
$
|
289
|
$
|
303
|
| Diluted EPS from continuing
operations |
|
|
|
|
|
|
|
|
| Reported
(per share) ................. |
$
|
.03
|
$
|
.48
|
$
|
(.07)
|
$
|
.91
|
| Pro
Forma (per share) ............... |
$
|
.10
|
$
|
.48
|
$
|
.66
|
$
|
.84
|
| Total Assets ......................................
|
$
|
4,852
|
$
|
8,412
|
$
|
9,583
|
$
|
8,830
|
| Long-term Debt 1..............................
|
$
|
632
|
$
|
997
|
$
|
1,153
|
$
|
850
|
| Shareholders' Equity 2 ....................
|
$
|
3,484
|
$
|
5,424
|
$
|
4,601
|
$
|
3,843
|
| Shares Outstanding ........................
|
|
432.7
|
|
458.1
|
|
375.4
|
|
348.1
|
|
|
|
1 long-term debt in each year includes
certain operating leases. 2 Shareholders' equity in 2000
reflects the impact of the tax-free spin-off of the Company's former
vehicle rental businesses (ANC Rental Corp.) to AutoNation shareholders.
Business Description
AutoNation, Inc. is the largest automotive retailer
in the United States, on and off the Web. As of December 31, 2000
we owned and operated approximately 400 new vehicle franchises from
dealership locations in 18 states, predominantly in the Sun Belt.
Each of our automotive franchised dealerships sells new and used
vehicles, and offers financing for vehicle purchases, extended service
contracts and other finance and insurance products, as well as aftermarket
products such as vehicle accessories, upgraded sound systems and
theft deterrent systems. Our dealerships also provide a wide range
of vehicle maintenance and repair services. Additionally, we operate
collision repair centers in most of our key markets. The core brands
of vehicles that we sell, representing almost 90% of the new vehicles
that we sold in 2000, are Ford (Ford, Lincoln and Mercury), General
Motors (Chevrolet, Pontiac, GMC and Buick), Chrysler (Chrysler,
Jeep and Dodge), Toyota, Nissan and Honda. We also sell luxury vehicle
brands, including Mercedes-Benz, BMW, Lexus and Porsche. In total,
we offer 35 different brands of vehicles.
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