4 unchanged sentences
Our credit agreement with Bank of America, N.A.
−Removed: ("Bank of America"), as administrative agent, and the other agents and lenders party thereto (the "2019 Senior Credit Facility") and the Indentures governing the New Senior Notes (as defined below) (collectively, the "Indentures") currently allow for us to make certain restricted payments, including payments to repurchase shares of our common stock, among other things, subject to our continued compliance with certain covenants.
+Added: ("Bank of America"), as administrative agent, and the other agents and lenders party thereto (the "2019 Senior Credit Facility") and the Indentures governing the Senior Notes (as defined below) (collectively, the "Indentures") currently allow for us to make certain restricted payments, including payments to repurchase shares of our common stock, among other things, subject to our continued compliance with certain covenants.
For additional information, see the "Covenants and Defaults" section within "Liquidity and Capital Resources."
1 unchanged sentence
On January 30, 2014, our Board of Directors authorized our current share repurchase program (the "Repurchase Program").
−Removed: On October 19, 2018, our Board of Directors reset the authorization under our Repurchase Program to $100.0 million in the aggregate, for the repurchase of our common stock in open market transactions or privately negotiated transactions, from time to time.
−Removed: On January 27, 2021, the Board of Directors increased the Company’s share repurchase authorization under our Repurchase Program by $33.7 million to $100.0 million.
+Added: On February 14, 2022, our Board of Directors increased the Company's common stock share repurchase authorization by $100.0 million, to $200.0 million for the repurchase of our common stock in open market transactions or privately negotiated transactions or in other manners as permitted by federal security laws and other legal and contractual requirements.
Share repurchases would be implemented through purchases made from time to time in either the open market or private transactions.
16 unchanged sentences
Such graph is not, and will not be deemed, filed or incorporated by reference into any filing by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent specifically incorporated by reference therein by us.
−Removed: Selected Financial Data
−Removed: The following table sets forth selected consolidated financial data as of and for the year ended December 31, 2020, 2019, 2018, 2017, and 2016.
−Removed: Certain reclassifications of amounts previously reported have been made to the accompanying income statement data and balance sheet data in order to conform to current presentation.
−Removed: The following information should be read in conjunction with "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our Consolidated Financial Statements and the Notes thereto, included elsewhere in this annual report on Form 10-K.
−Removed: For the Year Ended December 31,
−Removed: Income Statement Data:
−Removed: 2020 2019 2018 2017 2016
−Removed: (in millions, except per share data)
−Removed: New vehicle $ 3,767.4 $ 3,863.3 $ 3,788.7 $ 3,561.1 $ 3,611.9
−Removed: Used vehicle 2,169.5 2,131.6 1,972.4 1,834.1 1,876.4
−Removed: Parts and service 889.8 899.4 821.0 786.1 778.5
−Removed: Finance and insurance, net 305.1 316.0 292.3 275.2 261.0
−Removed: TOTAL REVENUE 7,131.8 7,210.3 6,874.4 6,456.5 6,527.8
−Removed: COST OF SALES 5,908.4 6,041.4 5,771.4 5,400.6 5,469.1
−Removed: GROSS PROFIT 1,223.4 1,168.9 1,103.0 1,055.9 1,058.7
−Removed: OPERATING EXPENSES:
−Removed: Selling, general, and administrative 781.9 799.8 755.8 729.7 732.5
−Removed: Depreciation and amortization 38.5 36.2 33.7 32.1 30.7
−Removed: Franchise rights impairment 23.0 7.1 3.7 5.1 —
−Removed: Other operating expense (income), net 9.2 0.8 (1.1) 1.3 (2.3)
−Removed: INCOME FROM OPERATIONS 370.8 325.0 310.9 287.7 297.8
−Removed: OTHER EXPENSES (INCOME):
−Removed: Floor plan interest expense 17.7 37.9 32.5 22.7 19.3
−Removed: Other interest expense, net 56.7 54.9 53.1 53.9 53.1
−Removed: Swap interest expense — — 0.5 2.0 3.1
−Removed: Loss on extinguishment of long-term debt, net 20.6 — — — —
−Removed: Gain on dealership divestitures, net (62.3) (11.7) — — (45.5)
−Removed: Total other expenses, net 32.7 81.1 86.1 78.6 30.0
−Removed: INCOME BEFORE INCOME TAXES 338.1 243.9 224.8 209.1 267.8
−Removed: Income tax expense 83.7 59.5 56.8 70.0 100.6
−Removed: NET INCOME $ 254.4 $ 184.4 $ 168.0 $ 139.1 $ 167.2
−Removed: EARNINGS PER COMMON SHARE:
−Removed: Basic $ 13.25 $ 9.65 $ 8.36 $ 6.69 $ 7.43
−Removed: Diluted $ 13.18 $ 9.55 $ 8.28 $ 6.62 $ 7.40
−Removed: As of December 31,
−Removed: Balance Sheet Data:
−Removed: 2020 2019 2018 2017 2016
−Removed: (in millions)
−Removed: Working capital $ 182.3 $ 355.6 $ 249.7 $ 243.9 $ 227.5
−Removed: Inventories (a) 875.2 1,052.7 1,067.6 826.0 894.9
−Removed: Total assets 3,676.3 2,911.3 2,695.4 2,356.7 2,336.1
−Removed: Floor plan notes payable (b) 702.2 850.8 966.1 732.1 781.8
−Removed: Total debt (b) 1,210.7 967.5 905.3 875.5 926.7
−Removed: Total shareholders' equity $ 905.5 $ 646.3 $ 473.2 $ 394.2 $ 279.7
−Removed: (a) Includes amounts classified as Assets held for sale on our Consolidated Balance Sheet.
−Removed: (b) Includes amounts classified as Liabilities associated with assets held for sale on our Consolidated Balance Sheet.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.