Asbury Automotive Group Inc (ABG) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 485333
Cash and cash equivalents 485333
Receivables156136130129138120107
Inventory, net of allowances, customer advances and progress billings8759851,068826895917886
Inventory8759851,068826895917886
Prepaid expense      15
Assets held-for-sale, not part of disposal group2815426301628
Assets held-for-sale6
Deferred tax assets   1210
Other current assets1841291221199788109
Other undisclosed current assets163195198193183176140
Total current assets:1,4061,6031,5531,3021,3321,3431,277
Noncurrent Assets
Operating lease, right-of-use asset31766
Property, plant and equipment956910886834815773742
Intangible assets, net (including goodwill)987323247210177179104
Goodwill562202181161128130104
Intangible assets, net (excluding goodwill)42512266504949 
Deferred costs      12
Other noncurrent assets1010910121170
Other undisclosed noncurrent assets      (12)
Total noncurrent assets:2,2711,3091,1421,0551,004963915
TOTAL ASSETS:3,6762,9112,6952,3572,3362,3062,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:451309298313309282246
Accounts payable98828292828661
Accrued liabilities34844484542 
Employee-related liabilities44312825252625
Interest and dividends payable1667555 
Other undisclosed accounts payable and accrued liabilities290142138143153124160
Debt37323913141429
Disposal group, including discontinued operation9101     
Other undisclosed current liabilities727805966732782712767
Total current liabilities:1,2231,2471,3031,0581,1051,0081,041
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,165907867863913940679
Finance lease, liability 17
Operating lease, liability29753
Other undisclosed long-term debt and lease obligation869838867863913940679
Liabilities, other than long-term debt86583129394333
Deferred revenue and credits   6
Deferred tax liabilities, net  9144
Deferred income tax liabilities3526
Other liabilities51323129303023
Other undisclosed noncurrent liabilities297532213  (6)
Total noncurrent liabilities:1,5471,018919904952984706
Total liabilities:2,7712,2652,2221,9632,0561,9911,747
Stockholders' equity
Stockholders' equity attributable to parent906646473394280315445
Common stock0000000
Treasury stock, value(1,034)(1,029)(1,023)(919)(880)(664)(352)
Additional paid in capital596583573564549537523
Accumulated other comprehensive income (loss)(6)(3)1(1)(2)(4)(2)
Retained earnings1,3491,095923750612444275
Total stockholders' equity:906646473394280315445
TOTAL LIABILITIES AND EQUITY:3,6762,9112,6952,3572,3362,3062,192

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,1327,2106,8746,4576,5286,5885,868
Cost of revenue(5,908)(6,041)(5,771)(5,401)(5,469)(5,528)(4,901)
Gross profit:1,2231,1691,1031,0561,0591,061967
Operating expenses(805)(807)(760)(735)(733)(730)(699)
Other operating income (expense), net(9)(1)1(1)20(1)
Other undisclosed operating income (loss)(39)(36)(34)(32)(31)(30)1
Operating income:371325311288298302268
Nonoperating expense(33)(81)(86)(79)(30)(28)(85)
Interest and debt expense(2)(3)(3)(3)(3)(3)(71)
Other undisclosed income from continuing operations before equity method investments, income taxes23333371
Income from continuing operations before income taxes:338244225209268273183
Income tax expense(84)(60)(57)(70)(101)(104)(71)
Income from continuing operations:254184168139167169112
Income from discontinued operations      0
Net income:254184168139167169112
Other undisclosed net loss attributable to parent     (0)(1)
Net income available to common stockholders, diluted:254184168139167169112

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:254184168139167169112
Comprehensive income:254184168139167169112
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(3)211(2)(2)
Comprehensive income, net of tax, attributable to parent:252181170140169167110

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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