Group 1 Automotive, Inc. (GPI) financial statements (2021 and earlier)
Company profile
| Business Address |
800 GESSNER HOUSTON, TX 77024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 55 - Automotive Dealers And Gasoline Service Stations (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 87 | 24 | 16 | 29 | 21 | 13 | 41 | ||
| Cash and cash equivalents | 87 | 24 | 16 | 29 | 21 | 13 | 41 | ||
| Receivables | 200 | 225 | 194 | 189 | 173 | 158 | 303 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,468 | 1,902 | 1,844 | 1,763 | 1,652 | 1,738 | 1,557 | ||
| Inventory | 1,468 | 1,902 | 1,844 | 1,763 | 1,652 | 1,738 | 1,557 | ||
| Prepaid expense | 19 | 96 | |||||||
| Contract with customer, asset | 35 | ✕ | ✕ | ✕ | ✕ | ||||
| Derivative instruments and hedges, assets | 2 | ||||||||
| Deferred tax assets | ✕ | ✕ | 14 | 11 | |||||
| Other current assets | 18 | 16 | |||||||
| Other undisclosed current assets | 174 | 254 | 348 | 348 | 304 | 280 | 124 | ||
| Total current assets: | 2,004 | 2,516 | 2,402 | 2,329 | 2,151 | 2,203 | 2,035 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 210 | 220 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,547 | 1,348 | 1,319 | 1,126 | 1,034 | 950 | |||
| Intangible assets, net (including goodwill) | 997 | 1,008 | 1,224 | 913 | 877 | 1,163 | 1,134 | ||
| Goodwill | 997 | 1,008 | 964 | 913 | 877 | 855 | 830 | ||
| Intangible assets, net (excluding goodwill) | 260 | 308 | 304 | ||||||
| Other noncurrent assets | 37 | 25 | 27 | 24 | 24 | 15 | 22 | ||
| Deferred tax assets, net | ✕ | ✕ | (141) | ||||||
| Other undisclosed noncurrent assets | 1,841 | 254 | 286 | 285 | 141 | ||||
| Total noncurrent assets: | 3,085 | 3,054 | 2,599 | 2,542 | 2,311 | 2,212 | 2,106 | ||
| TOTAL ASSETS: | 5,089 | 5,570 | 5,001 | 4,871 | 4,462 | 4,415 | 4,141 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 670 | 734 | 617 | 590 | 533 | 466 | 461 | ||
| Accounts payable | 443 | 528 | 419 | 413 | 356 | 280 | 288 | ||
| Accrued liabilities | 227 | 207 | 197 | 177 | 176 | 185 | 172 | ||
| Debt | 57 | 59 | 93 | 78 | 89 | 58 | 73 | ||
| Deferred compensation liability | 5 | 3 | 1 | ||||||
| Derivative instruments and hedges, liabilities | 4 | 3 | 0 | 2 | 4 | ||||
| Other undisclosed current liabilities | 1,107 | 1,623 | 1,676 | 1,529 | 1,428 | 1,516 | 1,389 | ||
| Total current liabilities: | 1,843 | 2,422 | 2,387 | 2,198 | 2,053 | 2,039 | 1,922 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,295 | 1,432 | 1,281 | 1,318 | 1,213 | 1,203 | 1,009 | ||
| Long-term debt, excluding current maturities | 540 | ||||||||
| Finance lease, liability | 116 | 76 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | 49 | 77 | 69 | 70 | 68 | ||
| Operating lease, liability | 208 | 211 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 972 | 1,145 | 1,233 | 1,241 | 1,144 | 1,134 | 401 | ||
| Liabilities, other than long-term debt | 295 | 254 | 103 | 230 | 266 | 254 | 327 | ||
| Deferred compensation liability, classified | 34 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | 124 | 162 | 151 | 202 | |||
| Deferred income tax liabilities | 141 | 146 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 113 | 104 | 101 | 97 | 84 | 72 | 66 | ||
| Derivative instruments and hedges, liabilities | 41 | 4 | 2 | 9 | 20 | 31 | 25 | ||
| Total noncurrent liabilities: | 1,590 | 1,686 | 1,384 | 1,548 | 1,479 | 1,457 | 1,336 | ||
| Total liabilities: | 3,432 | 4,108 | 3,771 | 3,747 | 3,532 | 3,497 | 3,258 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,450 | 1,256 | 1,096 | 1,124 | 930 | 918 | 978 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (493) | (435) | (454) | (291) | (267) | (161) | (79) | ||
| Additional paid in capital | 308 | 295 | 293 | 291 | 291 | 291 | 287 | ||
| Accumulated other comprehensive loss | (184) | (147) | (138) | (123) | (147) | (138) | (82) | ||
| Retained earnings | 1,818 | 1,542 | 1,395 | 1,246 | 1,053 | 926 | 852 | ||
| Other undisclosed stockholders' equity attributable to parent | (0) | ||||||||
| Total stockholders' equity: | 1,450 | 1,256 | 1,096 | 1,124 | 930 | 918 | 978 | ||
| Other undisclosed liabilities and equity | 208 | 206 | 135 | (95) | |||||
| TOTAL LIABILITIES AND EQUITY: | 5,089 | 5,570 | 5,001 | 4,871 | 4,462 | 4,415 | 4,141 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 10,852 | 12,044 | 11,601 | 11,124 | 10,888 | 10,633 | 9,938 | |
| Cost of revenue (Cost of Goods and Services Sold) | (9,083) | (10,228) | (9,876) | (9,478) | (9,293) | (9,099) | (8,490) | |
| Other undisclosed gross profit | 0 | |||||||
| Gross profit: | 1,769 | 1,816 | 1,725 | 1,646 | 1,595 | 1,534 | 1,448 | |
| Operating expenses | (1,207) | (1,381) | (1,317) | (1,246) | (1,204) | (1,208) | (1,132) | |
| Other undisclosed operating loss | (76) | (72) | (67) | (58) | (51) | (47) | (13) | |
| Operating income: | 486 | 364 | 341 | 342 | 340 | 278 | 302 | |
| Interest and debt expense | (76) | (75) | (76) | (70) | (68) | (57) | (96) | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (40) | (62) | (60) | (52) | (45) | (39) | (42) | |
| Income from continuing operations before income taxes: | 370 | 227 | 205 | 219 | 227 | 182 | 164 | |
| Income tax expense | (84) | (53) | (48) | (6) | (80) | (88) | (71) | |
| Net income attributable to parent: | 287 | 174 | 158 | 213 | 147 | 94 | 93 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (10) | (6) | (5) | ✕ | ✕ | ✕ | ||
| Other undisclosed net loss available to common stockholders, basic | (8) | (6) | (4) | (4) | ||||
| Net income available to common stockholders, basic: | 276 | 168 | 152 | 206 | 141 | 90 | 89 | |
| Other undisclosed net income available to common stockholders, diluted | 0 | 0 | 0 | 0 | ||||
| Net income available to common stockholders, diluted: | 276 | 168 | 152 | 206 | 141 | 90 | 90 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 287 | 174 | 158 | 213 | 147 | 94 | 93 | |
| Other comprehensive income (loss) | (37) | (9) | (14) | 24 | (9) | (56) | (30) | |
| Comprehensive income, net of tax, attributable to parent: | 249 | 165 | 143 | 237 | 138 | 38 | 63 | |
Statements sources
The financial statements are based on the company's filings with the 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.