Lithia Motors, Inc. (LAD) financial statements (2022 and earlier)

Company profile

Business Address 150 NORTH BARTLETT STREET
MEDFORD, OR 97501
State of Incorp. OR
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15313878117016057120
Cash and cash equivalents15313878117016057120
Receivables910813800741614512446
Inventory, net of allowances, customer advances and progress billings2,3862,0132,2392,3302,4932,1291,813
Inventory2,3862,0132,2392,3302,4932,1291,813
Other current assets631135148715351
Other undisclosed current assets22      
Total current assets:3,5333,0763,8713,2893,3382,7502,430
Noncurrent Assets
Finance lease, right-of-use asset59   254  
Operating lease, right-of-use asset396367255259264267234
Property, plant and equipment(329)2,3532,2992,221501,7981,663
Long-term investments and receivables603   101  
Accounts and financing receivable, after allowance for credit loss603   101  
Intangible assets, net (including goodwill)1,7761,349987986943948948
Goodwill977740617618593592592
Intangible assets, net (excluding goodwill)799608370368350356356
Other noncurrent assets2,3893,0602,6801,4981,160633264
Other undisclosed noncurrent assets2,720   1,793  
Total noncurrent assets:7,6147,1296,2224,9634,5653,6453,109
TOTAL ASSETS:11,14710,20510,0938,2527,9026,3965,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities989957858728617552509
Accounts payable235248256199158150125
Accrued liabilities754709602529458402384
Debt22420748660665757
Other undisclosed current liabilities1,1901,0181,2521,8221,7971,6041,461
Total current liabilities:2,4032,1822,5962,6112,4802,2122,026
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1862,5862,5222,1242,0651,7991,358
Finance lease, liability37   240 44
Operating lease, liability362339237242247251222
Other undisclosed long-term debt and lease obligation2,7872,2482,2851,8821,5781,5481,093
Liabilities, other than long-term debt534520509468450439401
Deferred revenue191182172162156151145
Deferred income tax liabilities191173179157146136124
Other liabilities151166158148148153132
Other undisclosed noncurrent liabilities362339237242247251222
Total noncurrent liabilities:4,0813,4453,2682,8332,7612,4891,980
Total liabilities:6,4845,6275,8645,4445,2414,7014,007
Temporary equity, carrying amount3433     
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6264,5434,2282,8082,6621,6941,532
Common stock  1,907    
Additional paid in capital58514436413630
Accumulated other comprehensive loss(3)(4)(4)(5)(6)(7)(7)
Retained earnings2,8602,5792,2821,9861,8381,6591,507
Other undisclosed stockholders' equity attributable to parent1,7121,916 79078862
Stockholders' equity attributable to noncontrolling interest32     
Total stockholders' equity:4,6294,5454,2282,8082,6621,6941,532
TOTAL LIABILITIES AND EQUITY:11,14710,20510,0938,2527,9026,3965,539

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues6,3106,1706,0094,3433,9423,6202,759
Cost of revenue
(Cost of Goods and Services Sold)
(5,066)(4,981)(4,899)(3,628)(3,293)(2,969)(2,294)
Gross profit:1,2441,1891,111716649652464
Operating expenses(740)(710)(664)(477)(414)(412)(335)
Operating income:504480446238235240130
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(38)(26)835124
Interest and debt expense(29)(28)(28)(24)(23)(17)(17)
Income from continuing operations before equity method investments, income taxes:437426426218263225116
Other undisclosed loss from continuing operations before income taxes(5)(4)(6)(7)(6)(6)(8)
Income from continuing operations before income taxes:432422419211257219108
Income tax expense(139)(113)(115)(55)(69)(60)(31)
Net income:29330930515618815978
Net loss attributable to noncontrolling interest(2)(1)     
Net income available to common stockholders, diluted:29130830515618815978

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:29330930515618815978
Other comprehensive income11     
Comprehensive income:29331030515618815978
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(1)0210(1)
Comprehensive income, net of tax, attributable to parent:29230930515818815976

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.

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