Group 1 Automotive Inc. (GPI) Financial Statements (2024 and earlier)

Company Profile

Business Address 800 GESSNER ROAD
HOUSTON, TX 77024
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

6/30/2024
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 investments574815872416
Cash and cash equivalents574815872416
Receivables238199178200225194
Inventory, net of allowances, customer advances and progress billings1,9631,3571,0731,4681,9021,844
Inventory1,9631,3571,0731,4681,9021,844
Prepaid expense3931311996 
Contract with customer, asset, after allowance for credit loss55483835  
Derivative instruments and hedges, assets10 2  
Disposal group, including discontinued operation9954100   
Other current assets2519501816 
Other undisclosed current assets313230182174254348
Total current assets:2,7911,9851,6662,0042,5162,402
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 271221169  ✕
Operating lease, right-of-use asset217249268210220✕
Property, plant and equipment     1,5471,348
Intangible assets, net (including goodwill)2,3532,1781,8139971,0081,224
Goodwill1,6521,6621,4209971,008964
Intangible assets, net (excluding goodwill)701516392  260
Derivative instruments and hedges8810914   
Deferred income tax assets 486  ✕
Other noncurrent assets16517745372527
Other undisclosed noncurrent assets1,8851,7891,7691,841254 
Total noncurrent assets:4,9834,7324,0833,0853,0542,599
TOTAL ASSETS:7,7746,7185,7495,0895,5705,001
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities803760716670734617
Accounts payable499488458443528419
Accrued liabilities303272259227207197
Debt109130220575993
Deferred compensation liability 846531
Derivative instruments and hedges, liabilities   0430
Disposal group, including discontinued operation 7550   
Other undisclosed current liabilities1,5781,0235511,1071,6231,676
Total current liabilities:2,5061,9211,5441,8432,4222,387
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9891,9521,8151,2951,4321,281
Capital lease obligations✕✕✕✕✕✕49
Finance lease, liability 26620216411676✕
Other undisclosed long-term debt and lease obligation1,7231,7511,3949721,1451,233
Liabilities, other than long-term debt605606320295254103
Deferred income tax liabilities257238181141146✕
Other liabilities139130128113104101
Operating lease, liability209238257208211✕
Derivative instruments and hedges, liabilities   114142
Total noncurrent liabilities:2,5942,5592,1351,5901,6861,384
Total liabilities:5,1004,4803,6793,4324,1083,771
Equity
Equity, attributable to parent, including:2,6742,2381,8251,4501,2561,096
Common stock000000
Treasury stock, value(1,353)(1,198)(690)(493)(435)(454)
Additional paid in capital349339326308295293
Accumulated other comprehensive income (loss)2823(156)(184)(147)(138)
Retained earnings3,6503,0742,3461,8181,5421,395
Other undisclosed equity, attributable to parent (0)(0)(0)(0)  
Total equity:2,6742,2381,8251,4501,2561,096
Other undisclosed liabilities and equity 0246208206135
TOTAL LIABILITIES AND EQUITY:7,7746,7185,7495,0895,5705,001

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues17,87416,22213,48210,85212,04411,601
Cost of revenue
(Cost of Goods and Services Sold)		(14,853)(13,257)(11,041)(9,083)(10,228)(9,876)
Other undisclosed gross profit   0  
Gross profit:3,0202,9652,4411,7691,8161,725
Operating expenses(1,927)(1,783)(1,477)(1,207)(1,381)(1,317)
Other undisclosed operating loss(125)(91)(79)(76)(72)(67)
Operating income:9691,091884486364341
Nonoperating income
(Other Nonoperating income)		      
Interest and debt expense(100)(78)(56)(76)(75)(76)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (40)(62)(60)
Income from continuing operations before equity method investments, income taxes:8691,014829370227205
Other undisclosed loss from continuing operations before income taxes(69)(29)(28)   
Income from continuing operations before income taxes:800985801370227205
Income tax expense(198)(231)(176)(84)(53)(48)
Income from continuing operations:602754625287174158
Income before gain (loss) on sale of properties:✕✕✕625287174158
Net income:602754625287174158
Other undisclosed net income (loss) attributable to parent(0)(3)(73)   
Net income attributable to parent:602752552287174158
Undistributed earnings (loss) allocated to participating securities, basic    (10)(6)(5)
Other undisclosed net loss available to common stockholders, basic(15)(21)(19)   
Net income available to common stockholders, basic:587730534276168152
Other undisclosed net income available to common stockholders, diluted0 0  0
Net income available to common stockholders, diluted:587730534276168152

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:602754625287174158
Other comprehensive income (loss)(1) 28(37)(9)(14)
Other undisclosed comprehensive loss   (73)   
Comprehensive income:601754580249165143
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6176    
Comprehensive income, net of tax, attributable to parent:607930580249165143

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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