v3.10.0.1
Segment Information (Tables)
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12 Months Ended |
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Segment Reporting [Abstract] |
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Schedule of financial information regarding the entity's reportable segments |
Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2018 (in millions): | | | | | | | | | | | | | | | | | | | | | | ADESA Auctions | | IAA | | AFC | | Holding Company | | Consolidated | Operating revenues | $ | 2,101.9 |
| | $ | 1,326.8 |
| | $ | 340.9 |
| | $ | — |
| | $ | 3,769.6 |
| Operating expenses | | | | | | | | | | Cost of services (exclusive of depreciation and amortization) | 1,230.8 |
| | 821.2 |
| | 90.7 |
| | — |
| | 2,142.7 |
| Selling, general and administrative | 435.8 |
| | 114.3 |
| | 30.7 |
| | 152.0 |
| | 732.8 |
| Depreciation and amortization | 127.5 |
| | 97.4 |
| | 16.0 |
| | 29.0 |
| | 269.9 |
| Total operating expenses | 1,794.1 |
| | 1,032.9 |
| | 137.4 |
| | 181.0 |
| | 3,145.4 |
| Operating profit (loss) | 307.8 |
| | 293.9 |
| | 203.5 |
| | (181.0 | ) | | 624.2 |
| Interest expense | 2.2 |
| | — |
| | 59.6 |
| | 130.2 |
| | 192.0 |
| Other (income) expense, net | (1.9 | ) | | (0.5 | ) | | (0.3 | ) | | (0.8 | ) | | (3.5 | ) | Intercompany expense (income) | 35.1 |
| | 37.9 |
| | (3.2 | ) | | (69.8 | ) | | — |
| Income (loss) before income taxes | 272.4 |
| | 256.5 |
| | 147.4 |
| | (240.6 | ) | | 435.7 |
| Income taxes | 69.1 |
| | 64.2 |
| | 35.4 |
| | (61.0 | ) | | 107.7 |
| Net income (loss) | $ | 203.3 |
| | $ | 192.3 |
| | $ | 112.0 |
| | $ | (179.6 | ) | | $ | 328.0 |
| Total assets | $ | 3,097.7 |
| | $ | 1,506.9 |
| | $ | 2,446.1 |
| | $ | 155.5 |
| | $ | 7,206.2 |
| Capital expenditures | $ | 95.1 |
| | $ | 65.3 |
| | $ | 7.1 |
| | $ | 30.5 |
| | $ | 198.0 |
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Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2017 (in millions): | | | | | | | | | | | | | | | | | | | | | | ADESA Auctions | | IAA | | AFC | | Holding Company | | Consolidated | Operating revenues | $ | 1,937.5 |
| | $ | 1,219.2 |
| | $ | 301.3 |
| | $ | — |
| | $ | 3,458.0 |
| Operating expenses | | | | | | | | | | Cost of services (exclusive of depreciation and amortization) | 1,123.9 |
| | 778.1 |
| | 85.2 |
| | — |
| | 1,987.2 |
| Selling, general and administrative | 360.0 |
| | 107.1 |
| | 30.9 |
| | 142.2 |
| | 640.2 |
| Depreciation and amortization | 113.1 |
| | 93.1 |
| | 31.3 |
| | 27.1 |
| | 264.6 |
| Total operating expenses | 1,597.0 |
| | 978.3 |
| | 147.4 |
| | 169.3 |
| | 2,892.0 |
| Operating profit (loss) | 340.5 |
| | 240.9 |
| | 153.9 |
| | (169.3 | ) | | 566.0 |
| Interest expense | 1.2 |
| | — |
| | 43.6 |
| | 119.2 |
| | 164.0 |
| Other (income) expense, net | (0.3 | ) | | (0.9 | ) | | — |
| | (0.7 | ) | | (1.9 | ) | Loss on extinguishment of debt | — |
| | — |
| | — |
| | 27.5 |
| | 27.5 |
| Gain on previously held equity interest value | (21.6 | ) | | — |
| | — |
| | — |
| | (21.6 | ) | Intercompany expense (income) | 47.4 |
| | 37.8 |
| | (20.2 | ) | | (65.0 | ) | | — |
| Income (loss) before income taxes | 313.8 |
| | 204.0 |
| | 130.5 |
| | (250.3 | ) | | 398.0 |
| Income taxes | 52.9 |
| | 38.0 |
| | 26.6 |
| | (81.5 | ) | | 36.0 |
| Net income (loss) | $ | 260.9 |
| | $ | 166.0 |
| | $ | 103.9 |
| | $ | (168.8 | ) | | $ | 362.0 |
| Total assets | $ | 3,132.3 |
| | $ | 1,438.4 |
| | $ | 2,315.6 |
| | $ | 98.0 |
| | $ | 6,984.3 |
| Capital expenditures | $ | 66.9 |
| | $ | 51.6 |
| | $ | 6.1 |
| | $ | 27.6 |
| | $ | 152.2 |
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Financial information regarding our reportable segments is set forth below as of and for the year ended December 31, 2016 (in millions): | | | | | | | | | | | | | | | | | | | | | | ADESA Auctions | | IAA | | AFC | | Holding Company | | Consolidated | Operating revenues | $ | 1,765.3 |
| | $ | 1,098.0 |
| | $ | 286.8 |
| | $ | — |
| | $ | 3,150.1 |
| Operating expenses | | | | | | | | | | Cost of services (exclusive of depreciation and amortization) | 1,036.5 |
| | 708.0 |
| | 82.9 |
| | — |
| | 1,827.4 |
| Selling, general and administrative | 327.0 |
| | 104.2 |
| | 28.7 |
| | 123.2 |
| | 583.1 |
| Depreciation and amortization | 100.0 |
| | 87.9 |
| | 31.1 |
| | 21.6 |
| | 240.6 |
| Total operating expenses | 1,463.5 |
| | 900.1 |
| | 142.7 |
| | 144.8 |
| | 2,651.1 |
| Operating profit (loss) | 301.8 |
| | 197.9 |
| | 144.1 |
| | (144.8 | ) | | 499.0 |
| Interest expense | 0.1 |
| | — |
| | 34.1 |
| | 104.6 |
| | 138.8 |
| Other (income) expense, net | (0.5 | ) | | (0.6 | ) | | — |
| | 0.6 |
| | (0.5 | ) | Loss on extinguishment of debt | — |
| | — |
| | 1.4 |
| | 4.0 |
| | 5.4 |
| Intercompany expense (income) | 52.6 |
| | 38.1 |
| | (33.8 | ) | | (56.9 | ) | | — |
| Income (loss) before income taxes | 249.6 |
| | 160.4 |
| | 142.4 |
| | (197.1 | ) | | 355.3 |
| Income taxes | 92.7 |
| | 59.3 |
| | 54.0 |
| | (73.1 | ) | | 132.9 |
| Net income (loss) | $ | 156.9 |
| | $ | 101.1 |
| | $ | 88.4 |
| | $ | (124.0 | ) | | $ | 222.4 |
| Total assets | $ | 2,898.0 |
| | $ | 1,358.9 |
| | $ | 2,213.8 |
| | $ | 86.9 |
| | $ | 6,557.6 |
| Capital expenditures | $ | 74.8 |
| | $ | 41.1 |
| | $ | 7.3 |
| | $ | 31.9 |
| | $ | 155.1 |
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Schedule of information regarding the geographic areas of entity's operations |
Most of our operations outside the U.S. are in Canada. Information regarding the geographic areas of our operations is set forth below (in millions): | | | | | | | | | | | | | | | | 2018 | | 2017 | | 2016 | Operating revenues | | | | | | U.S. | $ | 3,263.4 |
| | $ | 3,010.3 |
| | $ | 2,737.6 |
| Foreign | 506.2 |
| | 447.7 |
| | 412.5 |
| | $ | 3,769.6 |
| | $ | 3,458.0 |
| | $ | 3,150.1 |
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| | | | | | | | | | | | 2018 | | 2017 | Long-lived assets | | | | U.S. | $ | 3,533.7 |
| | $ | 3,452.4 |
| Foreign | 358.3 |
| | 394.5 |
| | $ | 3,892.0 |
| | $ | 3,846.9 |
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X |
- DefinitionTabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.
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- DefinitionTabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.
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