Lithia Motors Inc. (LAD) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
150 NORTH BARTLETT STREET MEDFORD, OR 97501 |
| State of Incorp. | OR |
| 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)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2 | 825 | 168 | 153 | 160 | 84 | |||
| Cash and cash equivalent | 825 | 168 | 153 | 160 | 84 | ||||
| Short-term investments | 2 | ||||||||
| Restricted cash and investments | 177 | ||||||||
| Receivables | 1,246 | 1,123 | 813 | 910 | 614 | 505 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,912 | 4,754 | 3,409 | 2,386 | 2,493 | 2,434 | |||
| Inventory | 5,912 | 4,754 | 3,409 | 2,386 | 2,493 | 2,434 | |||
| Other current assets | 221 | 137 | 162 | 63 | 71 | 48 | |||
| Other undisclosed current assets | 214 | 116 | 79 | 22 | |||||
| Total current assets: | 7,772 | 6,955 | 4,631 | 3,533 | 3,338 | 3,071 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 114 | 133 | 76 | 59 | 254 | ||||
| Operating lease, right-of-use asset | 659 | 479 | 382 | 396 | 264 | 252 | |||
| Property, plant and equipment | 107 | 88 | (329) | 50 | 1,612 | ||||
| Long-term investments and receivables | 603 | 101 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 603 | 101 | |||||||
| Intangible assets, net (including goodwill) | 4,666 | 4,333 | 3,317 | 1,776 | 943 | 761 | |||
| Goodwill | 2,116 | 1,931 | 1,461 | 977 | 593 | 455 | |||
| Intangible assets, net (excluding goodwill) | 2,550 | 2,402 | 1,856 | 799 | 350 | 307 | |||
| Restricted cash and investments | 44 | ||||||||
| Other noncurrent assets | 1,526 | 642 | 915 | 2,389 | 1,160 | 389 | |||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 3,242 | 2,188 | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 8,348 | 3,742 | 3,411 | 2,720 | 1,793 | ||||
| Total noncurrent assets: | 15,356 | 12,677 | 10,376 | 7,614 | 4,565 | 3,013 | |||
| TOTAL ASSETS: | 23,128 | 19,633 | 15,007 | 11,147 | 7,902 | 6,084 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,456 | 1,187 | 1,041 | 989 | 617 | 462 | |||
| Accounts payable | 334 | 288 | 258 | 235 | 158 | 125 | |||
| Accrued liabilities | 1,122 | 899 | 783 | 754 | 458 | 337 | |||
| Debt | 192 | 110 | 21 | 224 | 66 | 39 | |||
| Other undisclosed current liabilities | 4,903 | 3,636 | 2,117 | 1,190 | 1,797 | 2,068 | |||
| Total current liabilities: | 6,551 | 4,932 | 3,178 | 2,403 | 2,480 | 2,569 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,171 | 7,155 | 54 | 3,186 | 2,065 | 1,431 | |||
| Finance lease, liability | 94 | 92 | 54 | 37 | 240 | 30 | |||
| Other undisclosed long-term debt and lease obligation | 8,077 | 7,064 | 2,787 | 1,578 | 1,163 | ||||
| Liabilities, other than long-term debt | 1,727 | 1,262 | 1,067 | 534 | 450 | 378 | |||
| Deferred revenue | 414 | 264 | 227 | 191 | 156 | 138 | |||
| Deferred income tax liabilities | 397 | 349 | 286 | 191 | 146 | 131 | |||
| Other liabilities | 319 | 221 | 207 | 151 | 148 | 109 | |||
| Operating lease, liability | 597 | 428 | 347 | 362 | 247 | 239 | |||
| Other undisclosed noncurrent liabilities | 5,456 | 362 | 247 | 239 | |||||
| Total noncurrent liabilities: | 9,897 | 8,417 | 6,577 | 4,081 | 2,761 | 2,047 | |||
| Total liabilities: | 16,449 | 13,350 | 9,756 | 6,484 | 5,241 | 4,616 | |||
| Temporary equity, including noncontrolling interest | 44 | 41 | 34 | ||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 6,656 | 6,214 | 5,206 | 4,626 | 2,662 | 1,468 | |||
| Common stock | 793 | 1,101 | 1,082 | ||||||
| Additional paid in capital | 107 | 80 | 77 | 58 | 41 | 46 | |||
| Accumulated other comprehensive income (loss) | (4) | 20 | (18) | (3) | (6) | (1) | |||
| Retained earnings | 5,759 | 5,013 | 4,065 | 2,860 | 1,838 | 1,402 | |||
| Other undisclosed equity, attributable to parent | 1,712 | 788 | 21 | ||||||
| Equity, attributable to noncontrolling interest | 24 | 25 | 4 | 3 | |||||
| Total equity: | 6,679 | 6,239 | 5,210 | 4,629 | 2,662 | 1,468 | |||
| TOTAL LIABILITIES AND EQUITY: | 23,128 | 19,633 | 15,007 | 11,147 | 7,902 | 6,084 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 36,188 | 31,042 | 28,188 | 22,832 | 13,124 | 12,673 | ||
| Cost of revenue (Cost of Product and Service Sold) | (30,627) | (25,813) | (23,035) | (18,573) | (10,899) | (10,719) | ||
| Gross profit: | 5,561 | 5,229 | 5,152 | 4,259 | 2,226 | 1,954 | ||
| Operating expenses | (4,001) | (3,491) | (3,207) | (2,591) | (1,529) | (1,459) | ||
| Other operating income (expense), net | 15 | (46) | (4) | |||||
| Operating income: | 1,576 | 1,692 | 1,941 | 1,668 | 697 | 495 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 39 | 22 | (43) | (53) | 59 | 14 | ||
| Interest and debt expense | (258) | (201) | (129) | (108) | (73) | (61) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,357 | 1,513 | 1,769 | 1,507 | 683 | 448 | ||
| Other undisclosed loss from continuing operations before income taxes | (279) | (151) | (39) | (22) | (34) | (73) | ||
| Income from continuing operations before income taxes: | 1,078 | 1,362 | 1,730 | 1,485 | 649 | 375 | ||
| Income tax expense | (257) | (351) | (468) | (422) | (178) | (104) | ||
| Income from continuing operations: | 822 | 1,012 | 1,262 | 1,063 | 470 | 272 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,063 | 470 | 272 | |
| Net income: | 822 | 1,012 | 1,262 | 1,063 | 470 | 272 | ||
| Net loss attributable to noncontrolling interest | (20) | (11) | (11) | (3) | ||||
| Net income available to common stockholders, diluted: | 802 | 1,001 | 1,251 | 1,060 | 470 | 272 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 822 | 1,012 | 1,262 | 1,063 | 470 | 272 | ||
| Net loss attributable to redeemable noncontrolling interest | (15) | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other comprehensive income (loss) | (24) | 38 | (15) | 3 | ||||
| Comprehensive income: | 798 | 1,050 | 1,247 | 1,066 | 470 | 272 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (20) | (11) | (11) | (3) | (6) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 778 | 1,039 | 1,236 | 1,063 | 465 | 271 | ||
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.