Asbury Automotive Group Inc (ABG) Financial Statements (2025 and earlier)

Company Profile

Business Address 2905 PREMIERE PARKWAY NW
DULUTH, GA 30097
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6511 48
Cash and cash equivalents     48
Short-term investments6511   
Receivables226172230156136130
Inventory, net of allowances, customer advances and progress billings1,7689597188759851,068
Inventory1,7689597188759851,068
Contract with customer, asset, after allowance for credit loss      
Asset, held-for-sale, not part of disposal group342293752815426
Other current assets389288204184129122
Other undisclosed current assets325456391163195198
Total current assets:3,0571,9101,9291,4061,6031,553
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 888  ✕
Operating lease, right-of-use asset24223526131766✕
Property, plant and equipment2,3161,9411,990956910886
Intangible assets, net (including goodwill)4,1053,5843,607987323247
Goodwill2,0091,7832,272562202181
Intangible assets, net (excluding goodwill)2,0961,8001,33642512266
Contract with customer, asset, after allowance for credit loss4926    
Other noncurrent assets1131172210109
Other undisclosed noncurrent assets269201184   
Total noncurrent assets:7,1026,1126,0732,2711,3091,142
TOTAL ASSETS:10,1598,0218,0033,6762,9112,695
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:748645743451309298
Interest and dividends payable✕✕33241667
Employee-related liabilities✕✕89119443128
Accounts payable 156147164988282
Accrued liabilities 77734844
Other undisclosed accounts payable and accrued liabilities585369429290142138
Deferred revenue229219182  ✕
Debt858563373239
Disposal group, including discontinued operation211219101 
Other undisclosed current liabilities1,81275590727805966
Total current liabilities:2,8761,0331,5981,2231,2471,303
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1213,2173,5201,165907867
Finance lease, liability 888 17✕
Other undisclosed long-term debt and lease obligation3,1133,2083,270869838867
Liabilities, other than long-term debt918868527865831
Deferred revenue508495466  ✕
Deferred income tax liabilities136101 3526✕
Other liabilities525461513231
Operating lease, liability22221824229753✕
Other undisclosed noncurrent liabilities 002422975322
Total noncurrent liabilities:4,0404,0854,2891,5471,018919
Total liabilities:6,9155,1185,8872,7712,2652,222
Equity
Equity, attributable to parent, including:3,2442,9042,116906646473
Common stock000000
Treasury stock, value(1,067)(1,063)(1,044)(1,034)(1,029)(1,023)
Additional paid in capital1,2881,2811,279596583573
Accumulated other comprehensive income (loss)6174(1)(6)(3)1
Retained earnings2,9622,6101,8811,3491,095923
Other undisclosed equity, attributable to parent  0    
Total equity:3,2442,9042,116906646473
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:10,1598,0218,0033,6762,9112,695

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues14,80315,4349,8387,1327,2106,874
Cost of revenue(12,047)(12,333)(7,936)(5,908)(6,041)(5,771)
Other undisclosed gross profit 0    
Gross profit:2,7563,1011,9021,2231,1691,103
Operating expenses(1,617)(1,763)(1,074)(805)(807)(760)
Other operating income (expense), net  45(9)(1)1
Other undisclosed operating loss(185)(69)(42)(39)(36)(34)
Operating income:9541,273792371325311
Nonoperating income (expense)(152)47(94)(33)(81)(86)
Interest and debt expense(166)(161)(102)(2)(3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes    233
Income from continuing operations before equity method investments, income taxes:6361,159596338244225
Other undisclosed income from continuing operations before income taxes166161102   
Income from continuing operations before income taxes:8011,319698338244225
Income tax expense(199)(322)(165)(84)(60)(57)
Income from continuing operations:603997532254184168
Income before gain (loss) on sale of properties:✕✕✕532254184168
Net income:603997532254184168
Other undisclosed net income attributable to parent      
Net income available to common stockholders, diluted:603997532254184168

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:603997532254184168
Other comprehensive income (loss)0(30)(2)   
Comprehensive income:603967531254184168
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14)1057(3)(3)2
Comprehensive income, net of tax, attributable to parent:5891,072537252181170

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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