Lithia Motors, Inc. (LAD) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16057120578427
Cash and cash equivalents16057120578427
Receivables614512446298505460
Inventory, net of allowances, customer advances and progress billings2,4932,1291,8132,5132,4342,386
Inventory2,4932,1291,8132,5132,4342,386
Other current assets715351584857
Total current assets:3,3382,7502,4302,9263,0712,930
Noncurrent Assets
Finance lease, right-of-use asset254     
Operating lease, right-of-use asset264267234245252250
Property, plant and equipment501,7981,6631,6321,6121,483
Long-term investments and receivables101     
Accounts and financing receivable, after allowance for credit loss101     
Intangible assets, net (including goodwill)943948948764761766
Goodwill593592592458455457
Intangible assets, net (excluding goodwill)350356356306307309
Other noncurrent assets1,160633264449389310
Other undisclosed noncurrent assets1,793     
Total noncurrent assets:4,5653,6453,1093,0883,0132,808
TOTAL ASSETS:7,9026,3965,5396,0146,0845,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities617552509400462455
Accounts payable158150125109125127
Accrued liabilities458402384291337328
Debt665757463926
Other undisclosed current liabilities1,7971,6041,4611,9862,0682,002
Total current liabilities:2,4802,2122,0262,4322,5692,483
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0651,7991,3581,4901,4311,288
Finance lease, liability240 44293029
Operating lease, liability247251222231239235
Other undisclosed long-term debt and lease obligation1,5781,5481,0931,2291,1631,023
Liabilities, other than long-term debt450439401405378372
Deferred revenue156151145141138134
Deferred income tax liabilities146136124138131130
Other liabilities148153132127109108
Other undisclosed noncurrent liabilities247251222231239235
Total noncurrent liabilities:2,7612,4891,9802,1262,0471,895
Total liabilities:5,2414,7014,0074,5584,6164,378
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6621,6941,5321,4571,4681,359
Additional paid in capital41363026463
Accumulated other comprehensive loss(6)(7)(7)(6)(1)(2)
Retained earnings1,8381,6591,5071,4361,4021,341
Other undisclosed stockholders' equity attributable to parent7886202117
Total stockholders' equity:2,6621,6941,5321,4571,4681,359
TOTAL LIABILITIES AND EQUITY:7,9026,3965,5396,0146,0845,738

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues3,9423,6202,7592,8043,2693,332
Cost of revenue(3,293)(2,969)(2,294)(2,343)(2,770)(2,822)
Cost of goods and services sold(3,293)(2,969)(2,294)(2,343)  
Gross profit:649652464461499511
Operating expenses(414)(412)(335)(368)(376)(364)
Operating income:23524013093123147
Nonoperating income
(Other Nonoperating income)
5124253
Interest and debt expense(23)(17)(17)(17)(16)(15)
Income from continuing operations before equity method investments, income taxes:26322511678112135
Other undisclosed loss from continuing operations before income taxes(6)(6)(8)(14)(17)(18)
Income from continuing operations before income taxes:2572191086495117
Income tax expense(69)(60)(31)(18)(27)(32)
Net income available to common stockholders, diluted:18815978466885

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income:18815978466885
Comprehensive income:18815978466885
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10(1)(5)1(1)
Comprehensive income, net of tax, attributable to parent:18815976416984

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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