Asbury Automotive Group Inc (ABG) financial statements (2022 and earlier)

Company profile

Business Address 2905 PREMIERE PARKWAY NW
DULUTH, GA 30097
State of Incorp. DE
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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11 48533
Cash and cash equivalents  48533
Short-term investments11      
Receivables230156136130129138120
Inventory, net of allowances, customer advances and progress billings7188759851,068826895917
Inventory7188759851,068826895917
Assets held-for-sale, not part of disposal group3752815426301628
Deferred tax assets   12
Other current assets2041841291221199788
Other undisclosed current assets391163195198193183176
Total current assets:1,9291,4061,6031,5531,3021,3321,343
Noncurrent Assets
Finance lease, right-of-use asset8  
Operating lease, right-of-use asset26131766
Property, plant and equipment1,990956910886834815773
Intangible assets, net (including goodwill)3,607987323247210177179
Goodwill2,272562202181161128130
Intangible assets, net (excluding goodwill)1,33642512266504949
Other noncurrent assets2210109101211
Other undisclosed noncurrent assets184      
Total noncurrent assets:6,0732,2711,3091,1421,0551,004963
TOTAL ASSETS:8,0033,6762,9112,6952,3572,3362,306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:743451309298313309282
Accounts payable164988282928286
Accrued liabilities734844484542
Employee-related liabilities119443128252526
Interest and dividends payable241667555
Other undisclosed accounts payable and accrued liabilities429290142138143153124
Deferred revenue182  
Debt63373239131414
Disposal group, including discontinued operation219101    
Other undisclosed current liabilities590727805966732782712
Total current liabilities:1,5981,2231,2471,3031,0581,1051,008
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5201,165907867863913940
Finance lease, liability8 17
Operating lease, liability24229753
Other undisclosed long-term debt and lease obligation3,270869838867863913940
Liabilities, other than long-term debt527865831293943
Deferred revenue466  
Deferred tax liabilities, net  914
Deferred income tax liabilities 3526
Other liabilities61513231293030
Other undisclosed noncurrent liabilities242297532213  
Total noncurrent liabilities:4,2891,5471,018919904952984
Total liabilities:5,8872,7712,2652,2221,9632,0561,991
Stockholders' equity
Stockholders' equity attributable to parent2,116906646473394280315
Common stock0000000
Treasury stock, value(1,044)(1,034)(1,029)(1,023)(919)(880)(664)
Additional paid in capital1,279596583573564549537
Accumulated other comprehensive income (loss)(1)(6)(3)1(1)(2)(4)
Retained earnings1,8811,3491,095923750612444
Total stockholders' equity:2,116906646473394280315
TOTAL LIABILITIES AND EQUITY:8,0033,6762,9112,6952,3572,3362,306

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues9,8387,1327,2106,8746,4576,5286,588
Cost of revenue(7,936)(5,908)(6,041)(5,771)(5,401)(5,469)(5,528)
Gross profit:1,9021,2231,1691,1031,0561,0591,061
Operating expenses(1,074)(805)(807)(760)(735)(733)(730)
Other operating income (expense), net5(9)(1)1(1)20
Other undisclosed operating loss(42)(39)(36)(34)(32)(31)(30)
Operating income:792371325311288298302
Nonoperating expense(94)(33)(81)(86)(79)(30)(28)
Interest and debt expense(102)(2)(3)(3)(3)(3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes 233333
Income from continuing operations before equity method investments, income taxes:596338244225209268273
Other undisclosed income from continuing operations before income taxes102      
Income from continuing operations before income taxes:698338244225209268273
Income tax expense(165)(84)(60)(57)(70)(101)(104)
Net income:532254184168139167169
Other undisclosed net loss attributable to parent      (0)
Net income available to common stockholders, diluted:532254184168139167169

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:532254184168139167169
Other comprehensive loss(2)      
Comprehensive income:531254184168139167169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7(3)(3)211(2)
Comprehensive income, net of tax, attributable to parent:537252181170140169167

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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