Lithia Motors Inc. (LAD) Financial Statements (2024 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
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 516 | 264 | 825 | 147 | 89 | 185 | |||
| Cash and cash equivalents | 516 | 264 | 825 | 147 | 89 | 185 | |||
| Restricted cash and investments | 158 | 140 | |||||||
| Receivables | 1,243 | 1,249 | 1,123 | 999 | 885 | 843 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,243 | 5,862 | 4,754 | 4,405 | 4,279 | 3,856 | |||
| Inventory | 6,243 | 5,862 | 4,754 | 4,405 | 4,279 | 3,856 | |||
| Other current assets | 195 | 217 | 137 | 158 | 131 | 150 | |||
| Other undisclosed current assets | 116 | 109 | 111 | 115 | |||||
| Total current assets: | 8,355 | 7,733 | 6,955 | 5,818 | 5,494 | 5,148 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 133 | ||||||||
| Operating lease, right-of-use asset | 724 | 753 | 479 | 472 | 491 | 474 | |||
| Property, plant and equipment | 107 | ||||||||
| Intangible assets, net (including goodwill) | 4,686 | 4,620 | 4,333 | 3,873 | 3,626 | 3,445 | |||
| Goodwill | 2,118 | 2,082 | 1,931 | 1,726 | 1,610 | 1,516 | |||
| Intangible assets, net (excluding goodwill) | 2,568 | 2,538 | 2,402 | 2,148 | 2,016 | 1,929 | |||
| Restricted cash and investments | 41 | 36 | |||||||
| Other noncurrent assets | 1,200 | 1,159 | 642 | 1,056 | 1,281 | 1,050 | |||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 3,413 | 3,242 | 3,102 | 2,882 | 2,585 | ||
| Other undisclosed noncurrent assets | 8,199 | 4,466 | 3,742 | 3,948 | 3,908 | 3,720 | |||
| Total noncurrent assets: | 14,850 | 14,447 | 12,677 | 12,452 | 12,189 | 11,274 | |||
| TOTAL ASSETS: | 23,205 | 22,180 | 19,633 | 18,270 | 17,683 | 16,421 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,578 | 1,505 | 1,187 | 1,180 | 1,156 | 1,202 | |||
| Accounts payable | 380 | 328 | 288 | 307 | 298 | 320 | |||
| Accrued liabilities | 1,198 | 1,177 | 899 | 872 | 858 | 882 | |||
| Debt | 110 | ||||||||
| Other undisclosed current liabilities | 5,442 | 5,087 | 3,636 | 3,196 | 2,892 | 2,746 | |||
| Total current liabilities: | 7,020 | 6,592 | 4,932 | 4,375 | 4,048 | 3,948 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,155 | ||||||||
| Finance lease, liability | 92 | ||||||||
| Other undisclosed long-term debt and lease obligation | 7,064 | ||||||||
| Liabilities, other than long-term debt | 1,713 | 1,701 | 1,262 | 1,239 | 1,219 | 1,146 | |||
| Deferred revenue | 389 | 389 | 264 | 248 | 241 | 234 | |||
| Deferred income tax liabilities | 410 | 379 | 349 | 324 | 308 | 291 | |||
| Other liabilities | 288 | 277 | 221 | 243 | 229 | 194 | |||
| Operating lease, liability | 627 | 655 | 428 | 424 | 440 | 428 | |||
| Other undisclosed noncurrent liabilities | 8,034 | 7,466 | 6,589 | 6,613 | 5,845 | ||||
| Total noncurrent liabilities: | 9,747 | 9,167 | 8,417 | 7,828 | 7,832 | 6,992 | |||
| Total liabilities: | 16,767 | 15,758 | 13,350 | 12,203 | 11,880 | 10,940 | |||
| Temporary equity, carrying amount | 46 | 45 | 44 | 44 | 43 | 41 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,368 | 6,351 | 6,214 | 5,996 | 5,756 | 5,437 | |||
| Common stock | 924 | 1,118 | 1,101 | 1,127 | 1,116 | 1,106 | |||
| Additional paid in capital | 80 | 68 | 80 | 71 | 63 | 54 | |||
| Accumulated other comprehensive income (loss) | 3 | 4 | 20 | (15) | 11 | (5) | |||
| Retained earnings | 5,362 | 5,162 | 5,013 | 4,814 | 4,566 | 4,283 | |||
| Equity, attributable to noncontrolling interest | 25 | 25 | 25 | 26 | 4 | 4 | |||
| Total equity: | 6,392 | 6,377 | 6,239 | 6,023 | 5,760 | 5,441 | |||
| TOTAL LIABILITIES AND EQUITY: | 23,205 | 22,180 | 19,633 | 18,270 | 17,683 | 16,421 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 9,232 | 8,562 | 7,674 | 8,277 | 8,112 | 6,974 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (7,808) | (7,227) | (6,414) | (6,906) | (6,726) | (5,762) | ||
| Gross profit: | 1,424 | 1,335 | 1,261 | 1,371 | 1,385 | 1,212 | ||
| Operating expenses | (1,038) | (992) | (886) | (902) | (891) | (812) | ||
| Other operating income (expense), net | 7 | (2) | (2) | (4) | (19) | (21) | ||
| Operating income: | 394 | 341 | 373 | 465 | 476 | 379 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 27 | 4 | 15 | (5) | 10 | 2 | ||
| Interest and debt expense | (61) | (64) | (60) | (59) | (44) | (39) | ||
| Income from continuing operations before equity method investments, income taxes: | 359 | 281 | 328 | 402 | 442 | 342 | ||
| Other undisclosed loss from continuing operations before income taxes | (77) | (61) | (48) | (40) | (35) | (28) | ||
| Income from continuing operations before income taxes: | 283 | 221 | 280 | 361 | 407 | 314 | ||
| Income tax expense | (66) | (56) | (64) | (96) | (106) | (85) | ||
| Net income: | 217 | 165 | 216 | 265 | 301 | 230 | ||
| Net loss attributable to noncontrolling interest | (2) | (2) | (3) | (3) | (4) | (1) | ||
| Net income available to common stockholders, diluted: | 214 | 163 | 214 | 262 | 297 | 229 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 217 | 165 | 216 | 265 | 301 | 230 | ||
| Net loss attributable to redeemable noncontrolling interest | (1) | ✕ | ✕ | ✕ | ✕ | |||
| Other comprehensive income (loss) | (1) | (16) | 35 | (26) | 16 | 13 | ||
| Comprehensive income: | 216 | 149 | 251 | 239 | 317 | 243 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2) | (2) | (3) | (3) | (4) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 213 | 146 | 248 | 236 | 313 | 242 | ||
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.