Asbury Automotive Group Inc (ABG) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments106581113
Short-term investments106581113
Receivables176167172178177187
Inventory, net of allowances, customer advances and progress billings1,1991,081959822783701
Inventory1,1991,081959822783701
Contract with customer, asset, after allowance for credit loss4744    
Asset, held-for-sale, not part of disposal group28452920461198
Other current assets347299288298258226
Other undisclosed current assets197409456302313490
Total current assets:2,0042,0501,9101,8131,6021,814
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   8   
Operating lease, right-of-use asset234240235241246252
Property, plant and equipment1,9401,9311,9411,9121,9741,988
Intangible assets, net (including goodwill)3,5843,5843,5843,5363,5583,570
Goodwill1,7831,7831,7832,2082,2312,235
Intangible assets, net (excluding goodwill)1,8001,8001,8001,3271,3271,336
Contract with customer, asset, after allowance for credit loss393126   
Other noncurrent assets11798117939960
Other undisclosed noncurrent assets249250201223160175
Total noncurrent assets:6,1626,1336,1126,0046,0376,046
TOTAL ASSETS:8,1668,1838,0217,8167,6397,860
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:688672645772813880
Interest and dividends payable33
Employee-related liabilities89
Accounts payable   147   
Accrued liabilities   7   
Other undisclosed accounts payable and accrued liabilities688672369772813880
Deferred revenue224222219206201196
Debt598385647063
Disposal group, including discontinued operation 9231165521
Other undisclosed current liabilities7168755369425
Total current liabilities:1,0501,0681,0331,1591,1571,585
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1813,1953,2173,2623,3163,341
Finance lease, liability   8   
Other undisclosed long-term debt and lease obligation3,1813,1953,2083,0393,0883,107
Liabilities, other than long-term debt867871868530528519
Deferred revenue491492495478476467
Deferred income tax liabilities10299101   
Other liabilities565554525252
Operating lease, liability219224218223228233
Other undisclosed noncurrent liabilities(0) 0223228233
Total noncurrent liabilities:4,0484,0654,0854,0154,0724,093
Total liabilities:5,0975,1345,1185,1735,2285,678
Equity
Equity, attributable to parent, including:3,0693,0492,9042,6432,4102,183
Common stock000000
Treasury stock, value(1,066)(1,064)(1,063)(1,053)(1,053)(1,053)
Additional paid in capital1,2821,2881,2811,2831,2791,274
Accumulated other comprehensive income716274745129
Retained earnings2,7812,7632,6102,3382,1331,932
Other undisclosed equity, attributable to parent0 00  
Total equity:3,0693,0492,9042,6432,4102,183
TOTAL LIABILITIES AND EQUITY:8,1668,1838,0217,8167,6397,860

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,7433,5823,7063,8663,9503,912
Cost of revenue(3,029)(2,886)(2,968)(3,098)(3,148)(3,120)
Cost of goods and services sold(234)(234)679(239)(230)(225)
Other undisclosed gross profit   0   
Gross profit:713696738768803792
Operating expenses(409)(420)(422)(438)(448)(456)
Other operating income (expense), net   11(1)3
Other undisclosed operating loss(17) (15)(17)(18)(18)
Operating income:288277303314336321
Nonoperating income (expense)(27)(38)162(41)(68)(7)
Interest and debt expense(39)(37)(47)(39)(38)(38)
Income from continuing operations before equity method investments, income taxes:222201418235230276
Other undisclosed income from continuing operations before income taxes393747393838
Income from continuing operations before income taxes:261239465273268314
Income tax expense(65)(57)(111)(68)(66)(76)
Income from continuing operations:196181353205201238
Income before gain (loss) on sale of properties:205201238
Net income:196181353205201238
Other undisclosed net income attributable to parent 0     
Net income available to common stockholders, diluted:196181353205201238

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:196181353205201238
Other comprehensive income (loss)4(2)(26)(15)(10)(8)
Comprehensive income:200180327190192230
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(11)26383238
Comprehensive income, net of tax, attributable to parent:206169354228223268

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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