Company: GPI
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001031203-25-000013
Chunk: 22

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 22
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 INCOME FROM OPERATIONS909.1 968.6 1,091.4 INTEREST EXPENSE:Floorplan interest expense108.5 64.1 27.3 Other interest expense, net141.3 99.8 77.5 Other expense0.7 4.5 1.2 INCOME BEFORE INCOME TAXES658.5 800.2 985.3 Provision for income taxes161.5 198.2 231.1 Net income from continuing operations497.0 602.0 754.2 Net income (loss) from discontinued operations1.2 (0.4)(2.7)NET INCOME$498.1 $601.6 $751.5 BASIC EARNINGS PER SHARE:Continuing operations$36.88 $42.92 $47.46 Discontinued operations0.09 (0.03)(0.17)Total$36.96 $42.89 $47.29 DILUTED EARNINGS PER SHARE:Continuing operations$36.72 $42.75 $47.31 Discontinued operations0.09 (0.03)(0.17)Total$36.81 $42.73 $47.14 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:Basic13.2 13.7 15.4 Diluted13.2 13.7 15.5 

The accompanying notes are an integral part of these consolidated financial statements.

F-6

GROUP 1 AUTOMOTIVE, INC. 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In millions)

 Years Ended December 31, 202420232022NET INCOME$498.1 $601.6 $751.5 Other comprehensive income (loss), net of taxes:Net foreign currency translation adjustments: Unrealized foreign currency translation adjustments(19.1)23.7 (27.2)Reclassification of cumulative foreign currency translation adjustments associated with the Brazil Disposal— — 122.8 Reclassification of other cumulative foreign currency translation adjustments— — 1.5 Foreign currency translation adjustments, net of reclassifications(19.1)23.7 97.1 Net unrealized gain (loss) on interest rate risk management activities, net of tax