Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 15

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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. and the U.K. The Company defines its segments as those operations whose results the Company’s Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), regularly reviews to analyze performance and allocate resources to the U.S. and U.K. geographic areas. Each segment is comprised of retail automotive franchises that sell new and used cars and light trucks; arrange related vehicle financing; sell service and insurance contracts; provide automotive maintenance and repair services; and sell vehicle parts. The CODM predominantly uses the metric of income before income taxes in making decisions about the allocation of operating and capital resources to each segment, evaluating annual budget and forecast, as well as determining compensation for certain employees. Selected reportable segment data for continuing operations were as follows (in millions). All intercompany balances and transactions have been eliminated in consolidation.Three Months Ended June 30, 2025Six Months Ended June 30, 2025U.S.U.K.TotalU.S.U.K.TotalTotal revenues$4,177.2 $1,526.4 $5,703.5 $8,098.9 $3,109.9 $11,208.8 Cost of sales$3,448.5 $1,319.3 $4,767.8 $6,695.3 $2,685.8 $9,381.1 SG&A expenses $471.6 $174.5 $646.1 $919.0 $344.3 $1,263.4 Depreciation and amortization expense$22.2 $6.5 $28.7 $43.2 $14.8 $58.0 Asset impairments$0.4 $— $0.4 $(1.9)$2.7 $0.8 Restructuring charges$— $7.6 $7.6 $— $18.7 $18.7 Floorplan interest expense$20.1 $6.3 $26.4 $40.8 $12.5 $53.3 Other interest expense, net$34.9 $7.8 $42.7 $67.2 $15.3 $82.5 Other segment items (1)$— $— $— $(0.2)$— $(0.2)Income before