AutoNation Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 26, 2012 at 05:52 pm IST
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AutoNation Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported total revenues of $3,678.4 million, operating income of $143.5 million, income from continuing operations before income taxes of $112.8 million, net income from continuing operations of $69.9 million or $0.50 diluted earnings per share from continuing operations, net income of $69.4 million or $0.49 diluted earnings per share and capital expenditures of $44.5 million as compared to total revenues of $3,678.4 million, operating income of $134.6 million, income from continuing operations before income taxes of $109.1 million, net income from continuing operations of $68.0 million or $0.45 diluted earnings per share from continuing operations, net income of $67.3 million or $0.45 diluted earnings per share and capital expenditures of $81.5 million for the same period of previous year. Adjusted net income from continuing operations was $71 million, or $0.51 per share, compared to net income from continuing operations of $68 million, or $0.45 per share, for the same period in the prior year, a 13% improvement on a per-share basis.
For the year, the company reported total revenues of $13,832.3 million, operating income of $572.0 million, income from continuing operations before income taxes of $461.3 million, net income from continuing operations of $284.2 million or $1.93 diluted earnings per share from continuing operations, net income of $281.4 million or $1.91 diluted earnings per share and capital expenditures were $158.1 million as compared to total revenues of $6,669.1 million, operating income of $496.6 million, income from continuing operations before income taxes of $381.3 million, net income from continuing operations of $235.3 million or $1.48 diluted earnings per share from continuing operations, net income of $226.6 million or $1.43 diluted earnings per share and capital expenditures of $161.8 million for the prior year. Adjusted net income from continuing operations of $286 million, or $1.94 per share, compared to adjusted net income from continuing operations was $247 million or $1.56 per share for the same period in the prior year, an improvement of 24% on a per-share basis.
AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. The Company operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Stellantis. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, Hyundai, Subaru, and Nissan. Its Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Audi, Lexus, Jaguar, Bentley, and Land Rover. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products. It owns and operates approximately 349 new vehicle franchises from 252 stores located in the United States, primarily in metropolitan markets in the Sunbelt region.
AUTONATION, INC. 
