Lithia Motors, Inc. (LAD) Financial Statements (2023 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)
Annual | Quarterly

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments168153160843257
Cash and cash equivalents168153160843257
Receivables813910614505529522
Inventory, net of allowances, customer advances and progress billings3,4092,3862,4932,4342,3652,133
Inventory3,4092,3862,4932,4342,3652,133
Other current assets1626371486571
Other undisclosed current assets7922    
Total current assets:4,6313,5333,3383,0712,9912,783
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 7659254 ✕✕
Operating lease, right-of-use asset382396264252✕✕
Financing receivable, excluding accrued interest, after allowance for credit loss2,188 ✕✕✕✕
Property, plant and equipment 88(329)501,6121,4481,185
Long-term investments and receivables  603101   
Accounts and financing receivable, after allowance for credit loss  603101   
Intangible assets, net (including goodwill)3,3171,776943761724443
Goodwill1,461977593455435256
Intangible assets, net (excluding goodwill)1,856799350307289187
Other noncurrent assets9152,3891,160389221272
Other undisclosed noncurrent assets3,4112,7201,793   
Total noncurrent assets:10,3767,6144,5653,0132,3931,900
TOTAL ASSETS:15,00711,1477,9026,0845,3844,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,041989617462410363
Accounts payable258235158125126111
Accrued liabilities783754458337284252
Debt 2122466392619
Other undisclosed current liabilities2,1171,1901,7972,0682,0581,919
Total current liabilities:3,1782,4032,4802,5692,4942,301
Noncurrent Liabilities
Long-term debt and lease obligation, including: 543,1862,0651,4311,3581,028
Finance lease, liability 543724030✕✕
Other undisclosed long-term debt and lease obligation  2,7871,5781,1631,3581,028
Liabilities, other than long-term debt1,067534450378244214
Deferred revenue and credits✕✕✕✕✕✕103
Deferred revenue227191156138✕✕
Contract with customer, liability✕✕✕✕✕122✕
Deferred income tax liabilities286191146131✕✕
Other liabilities207151148109122111
Operating lease, liability347362247239✕✕
Other undisclosed noncurrent liabilities5,4563622472399156
Total noncurrent liabilities:6,5774,0812,7612,0471,6931,299
Total liabilities:9,7566,4845,2414,6164,1873,600
Temporary equity, carrying amount4134    
Equity
Equity, attributable to parent, including:5,2064,6262,6621,4681,1971,083
Common stock1,082     
Additional paid in capital775841463511
Accumulated other comprehensive loss(18)(3)(6)(1)  
Retained earnings4,0652,8601,8381,4021,162923
Other undisclosed equity, attributable to parent  1,712788210149
Equity, attributable to noncontrolling interest43    
Total equity:5,2104,6292,6621,4681,1971,083
TOTAL LIABILITIES AND EQUITY:15,00711,1477,9026,0845,3844,683

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues28,18822,83213,12412,67311,82110,087
Cost of revenue(23,035)(18,573)(10,899)(10,719)(10,044)(8,570)
Cost of goods and services sold(23,035)(18,573)(10,899)(10,719)  
Gross profit:5,1524,2592,2261,9541,7771,516
Operating expenses(3,207)(2,591)(1,529)(1,459)(1,330)(1,107)
Other operating expense, net(4)     
Other undisclosed operating loss      
Operating income:1,9411,668697495447409
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(43)(53)5914912
Interest and debt expense(129)(108)(73)(61)(56)(35)
Income from continuing operations before equity method investments, income taxes:1,7691,507683448400386
Other undisclosed loss from continuing operations before income taxes(39)(22)(34)(73)(62)(39)
Income from continuing operations before income taxes:1,7301,485649375338347
Income tax expense(468)(422)(178)(104)(72)(102)
Income from continuing operations:1,2621,063470272266245
Income before gain (loss) on sale of properties:✕✕1,063470272266245
Net income:1,2621,063470272266245
Net loss attributable to noncontrolling interest(11)(3)    
Net income available to common stockholders, diluted:1,2511,060470272266245

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,2621,063470272266245
Other comprehensive income (loss)(15)3    
Comprehensive income:1,2471,066470272266245
Other undisclosed comprehensive loss, net of tax, attributable to parent(11)(3)(6)(1)  
Comprehensive income, net of tax, attributable to parent:1,2361,063465271266245

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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