Sonic Automotive, Inc. (SAH) Financial Statements (2024 and earlier)

Company Profile

Business Address 4401 COLWICK ROAD
CHARLOTTE, NC 28211
State of Incorp. DE
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)

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 investments2292991702966
Cash and cash equivalents2292991702966
Receivables462401372433438482
Inventory, net of allowances, customer advances and progress billings1,2171,2611,2471,5181,5281,513
Inventory1,2171,2611,2471,5181,5281,513
Asset, held-for-sale, not part of disposal group  2    
Other current assets29812293382119
Other undisclosed current assets  (2)    
Total current assets:2,2062,0841,8832,0181,9932,020
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2241806035
Operating lease, right-of-use asset261293330338
Property, plant and equipment1,5621,4591,1211,0971,1781,147
Intangible assets, net (including goodwill)628897278540579600
Goodwill231416214476510526
Intangible assets, net (excluding goodwill)39748064647075
Other noncurrent assets986374444651
Total noncurrent assets:2,7722,8911,8632,0531,8031,799
TOTAL ASSETS:4,9784,9753,7464,0713,7973,819
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities138133114146128142
Interest and dividends payable 8111312
Accounts payable138133105135114130
Debt91103721152668
Other liabilities352351279266258238
Other undisclosed current liabilities1,2641,3051,3671,5391,5341,506
Total current liabilities:1,8451,8921,8312,0661,9461,955
Noncurrent Liabilities
Long-term debt and lease obligation1,9011,9111,011977919963
Long-term debt, excluding current maturities1,6721,511652637919963
Finance lease, liability2291366236
Liabilities, other than long-term debt337968974109114
Deferred tax liabilities, net3352
Other liabilities1069689747662
Operating lease, liability231265297304
Total noncurrent liabilities:2,2382,0071,0991,0511,0281,077
Total liabilities:4,0833,8992,9313,1172,9743,032
Equity
Equity, attributable to parent, including:8951,076815945823787
Treasury stock, value(1,027)(765)(672)(600)(598)(574)
Additional paid in capital819790768756745733
Accumulated other comprehensive income (loss)2(1)(4)(2)41
Retained earnings1,1001,052722790671625
Other undisclosed equity, attributable to parent111111
Total equity:8951,076815945823787
Other undisclosed liabilities and equity   09  
TOTAL LIABILITIES AND EQUITY:4,9784,9753,7464,0713,7973,819

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues14,00112,3969,76710,4549,9529,867
Revenue, net9,504
Cost of revenue
(Cost of Goods and Services Sold)
(11,684)(10,482)(8,343)(8,933)(8,506)(8,410)
Gross profit:2,3171,9141,4241,5211,4461,458
Operating expenses(2,003)(1,376)(1,390)(1,213)(1,268)(1,246)
Operating income:31453834308178212
Nonoperating expense(124)(80)(69)(108)(102)(103)
Other nonoperating income (expense)0(16)0(7)0(15)
Interest and debt expense(13)(7)(3)(7)(1)(15)
Income (loss) from continuing operations before equity method investments, income taxes:177451(38)1937594
Other undisclosed income from continuing operations before income taxes13737115
Income (loss) from continuing operations before income taxes:190458(35)20075108
Income tax expense(102)(109)(16)(55)(23)(14)
Income (loss) from continuing operations:89349(51)1455294
Income (loss) before gain (loss) on sale of properties:349(51)1445293
Loss from discontinued operations   (1)(0)(1)(1)
Net income (loss) attributable to parent:89349(51)1445293
Undistributed earnings (loss) allocated to participating securities, basic     (0)(0)
Net income (loss) available to common stockholders, diluted:89349(51)1445293

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):89349(51)1445293
Other comprehensive income (loss) 32(2)(6)34
Other undisclosed comprehensive income      
Comprehensive income (loss):91351(53)1385597
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:91351(53)1385597

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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