Company: GPI
Filing Date: 2025-04-25
Form Type: 10-Q
Source: 0001031203-25-000029
Chunk: 13

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-04-25
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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.8 $4,470.5 Cost of sales$3,006.6 $721.3 $3,727.9 SG&A expenses $394.9 $81.3 $476.1 Depreciation and amortization expense$19.8 $4.0 $23.8 Floorplan interest expense$17.6 $2.9 $20.5 Other interest expense, net$26.8 $2.5 $29.3 Other segment items (1)$— $(0.5)$(0.5)Income before income taxes $180.0 $13.3 $193.3 Capital expenditures:Real estate related capital expenditures$3.2 $17.8 $21.0 Non-real estate related capital expenditures37.2 5.0 42.2 Total capital expenditures$40.4 $22.8 $63.2 (1) Other segment items include other expenses, which primarily relate to currency translation. March 31, 2025U.S.U.K.TotalProperty and equipment, net$2,192.7 $698.0 $2,890.7 Total assets (1)$7,486.8 $2,381.1 $9,867.9 

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Table of Contents            GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

December 31, 2024U.S.U.K.TotalProperty and equipment, net$2,181.9 $674.6 $2,856.5 Total assets (1)$7,630.1 $2,176.6 $9,806.6 (1) Total assets for reportable segments exclude the total assets related to discontinued operations. The assets related to discontinued operations were immaterial as of March 31, 2025 and December 31, 2024.

6. EARNINGS PER SHARE 

The two-class method is utilized for the computation of the Company’s EPS. The two-class method requires a portion of net income to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends that are paid in cash. The Company’s restricted stock awards are participating securities. Income allocated