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
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9 | 11 | 7 | 6 | 7 | 10 | |||
| Short-term investments | 9 | 11 | 7 | 6 | 7 | 10 | |||
| Receivables | 257 | 235 | 227 | 226 | 203 | 176 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,031 | 2,066 | 1,863 | 1,768 | 1,242 | 1,199 | |||
| Inventory | 2,031 | 2,066 | 1,863 | 1,768 | 1,242 | 1,199 | |||
| Contract with customer, asset, after allowance for credit loss | 56 | 55 | 53 | 56 | 47 | ||||
| Asset, held-for-sale, not part of disposal group | 163 | 207 | 243 | 342 | 16 | 28 | |||
| Other current assets | 381 | 423 | 332 | 389 | 368 | 347 | |||
| Other undisclosed current assets | 208 | 223 | 198 | 325 | 163 | 197 | |||
| Total current assets: | 3,105 | 3,218 | 2,922 | 3,057 | 2,055 | 2,004 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8 | ||||||||
| Operating lease, right-of-use asset | 222 | 229 | 230 | 242 | 231 | 234 | |||
| Property, plant and equipment | 2,443 | 2,423 | 2,408 | 2,316 | 1,961 | 1,940 | |||
| Intangible assets, net (including goodwill) | 3,968 | 3,968 | 4,109 | 4,105 | 3,584 | 3,584 | |||
| Goodwill | 2,011 | 2,010 | 2,015 | 2,009 | 1,783 | 1,783 | |||
| Intangible assets, net (excluding goodwill) | 1,957 | 1,957 | 2,094 | 2,096 | 1,800 | 1,800 | |||
| Contract with customer, asset, after allowance for credit loss | 63 | 59 | 55 | 49 | 44 | 39 | |||
| Other noncurrent assets | 114 | 131 | 127 | 113 | 134 | 117 | |||
| Other undisclosed noncurrent assets | 259 | 279 | 280 | 269 | 248 | 249 | |||
| Total noncurrent assets: | 7,069 | 7,088 | 7,209 | 7,102 | 6,200 | 6,162 | |||
| TOTAL ASSETS: | 10,174 | 10,306 | 10,132 | 10,159 | 8,255 | 8,166 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 761 | 770 | 724 | 748 | 602 | 688 | |||
| Accounts payable | 156 | ||||||||
| Accrued liabilities | 7 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 761 | 770 | 724 | 585 | 602 | 688 | |||
| Deferred revenue | 235 | 234 | 231 | 229 | 227 | 224 | |||
| Debt | 83 | 113 | 84 | 85 | 86 | 59 | |||
| Disposal group, including discontinued operation | 2 | 2 | 2 | 2 | 9 | ||||
| Other undisclosed current liabilities | 1,512 | 1,447 | 1,716 | 1,812 | 80 | 71 | |||
| Total current liabilities: | 2,594 | 2,566 | 2,757 | 2,876 | 995 | 1,050 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,300 | 3,488 | 3,108 | 3,121 | 3,137 | 3,181 | |||
| Finance lease, liability | 8 | ||||||||
| Other undisclosed long-term debt and lease obligation | 3,300 | 3,488 | 3,108 | 3,113 | 3,137 | 3,181 | |||
| Liabilities, other than long-term debt | 918 | 922 | 919 | 918 | 876 | 867 | |||
| Deferred revenue | 528 | 526 | 516 | 508 | 500 | 491 | |||
| Deferred income tax liabilities | 133 | 138 | 138 | 136 | 104 | 102 | |||
| Other liabilities | 53 | 49 | 54 | 52 | 56 | 56 | |||
| Operating lease, liability | 204 | 209 | 211 | 222 | 216 | 219 | |||
| Other undisclosed noncurrent liabilities | 0 | (0) | (0) | ||||||
| Total noncurrent liabilities: | 4,217 | 4,410 | 4,027 | 4,040 | 4,012 | 4,048 | |||
| Total liabilities: | 6,811 | 6,975 | 6,785 | 6,915 | 5,007 | 5,097 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,362 | 3,331 | 3,347 | 3,244 | 3,249 | 3,069 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (1,079) | (1,083) | (1,078) | (1,067) | (1,067) | (1,066) | |||
| Additional paid in capital | 1,300 | 1,300 | 1,296 | 1,288 | 1,287 | 1,282 | |||
| Accumulated other comprehensive income | 51 | 65 | 66 | 61 | 77 | 71 | |||
| Retained earnings | 3,091 | 3,049 | 3,062 | 2,962 | 2,950 | 2,781 | |||
| Other undisclosed equity, attributable to parent | (0) | (0) | 0 | ||||||
| Total equity: | 3,362 | 3,331 | 3,347 | 3,244 | 3,249 | 3,069 | |||
| Other undisclosed liabilities and equity | (0) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 10,174 | 10,306 | 10,132 | 10,159 | 8,255 | 8,166 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,237 | 4,246 | 4,201 | 3,812 | 3,666 | 3,743 | ||
| Cost of revenue | (3,519) | (3,516) | (3,451) | (3,139) | (2,993) | (3,029) | ||
| Other undisclosed gross profit | (0) | |||||||
| Gross profit: | 718 | 731 | 750 | 673 | 674 | 713 | ||
| Operating expenses | (467) | (612) | (469) | (414) | (392) | (409) | ||
| Other undisclosed operating loss | (19) | (18) | (19) | (134) | (17) | (17) | ||
| Operating income: | 233 | 101 | 263 | 125 | 265 | 288 | ||
| Nonoperating expense | (63) | (63) | (67) | (49) | (39) | (27) | ||
| Interest and debt expense | (45) | (44) | (50) | (39) | (39) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 170 | (7) | 152 | 25 | 187 | 222 | ||
| Other undisclosed income from continuing operations before income taxes | 45 | 44 | 50 | 39 | 39 | |||
| Income from continuing operations before income taxes: | 170 | 38 | 196 | 76 | 226 | 261 | ||
| Income tax expense | (43) | (10) | (49) | (20) | (57) | (65) | ||
| Net income: | 126 | 28 | 147 | 56 | 169 | 196 | ||
| Other undisclosed net income attributable to parent | 0 | 0 | ||||||
| Net income available to common stockholders, diluted: | 126 | 28 | 147 | 56 | 169 | 196 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 126 | 28 | 147 | 56 | 169 | 196 | ||
| Other comprehensive income (loss) | 15 | (1) | (5) | 5 | (3) | 4 | ||
| Comprehensive income: | 142 | 27 | 142 | 61 | 166 | 200 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (30) | (1) | 10 | (21) | 9 | 6 | ||
| Comprehensive income, net of tax, attributable to parent: | 112 | 26 | 152 | 39 | 175 | 206 | ||
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.