Asbury Automotive Group Inc (ABG) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 853335
Cash and cash equivalents 853335
Receivables11313012913812010796
Inventory, net of allowances, customer advances and progress billings1,0301,068826895917886768
Inventory1,0301,068826895917886768
Prepaid expense     1510
Assets held-for-sale, not part of disposal group2626301628
Assets held-for-sale69
Deferred tax assets   12109
Other current assets129122119978810980
Other undisclosed current assets150198193183176140131
Total current assets:1,4481,5531,3021,3321,3431,2771,109
Noncurrent Assets
Operating lease, right-of-use asset77
Property, plant and equipment943886834815773742652
Intangible assets, net (including goodwill)33824721017717910455
Goodwill27218116112813010455
Intangible assets, net (excluding goodwill)6666504949  
Deferred costs     1213
Other noncurrent assets1091012117061
Deferred tax assets, net     13
Other undisclosed noncurrent assets     (12)(13)
Total noncurrent assets:1,3691,1421,0551,004963915780
TOTAL ASSETS:2,8172,6952,3572,3362,3062,1921,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:315298313309282246214
Accounts payable 829282866162
Accrued liabilities 44484542  
Employee-related liabilities 282525262523
Interest and dividends payable 7555  
Other undisclosed accounts payable and accrued liabilities315138143153124160128
Debt38391314142911
Deferred compensation liability      6
Other undisclosed current liabilities882966732782712767604
Total current liabilities:1,2351,3031,0581,1051,0081,041834
Noncurrent Liabilities
Long-term debt and lease obligation, including:868867863913940679543
Finance lease, liability17
Operating lease, liability60
Other undisclosed long-term debt and lease obligation791867863913940679543
Liabilities, other than long-term debt53312939433327
Deferred revenue and credits   66
Deferred tax liabilities, net  9144 
Deferred income tax liabilities20
Other liabilities33312930302321
Other undisclosed noncurrent liabilities602213  (6)(6)
Total noncurrent liabilities:981919904952984706564
Total liabilities:2,2172,2221,9632,0561,9911,7471,398
Stockholders' equity
Stockholders' equity attributable to parent600473394280315445491
Common stock0000000
Treasury stock, value(1,029)(1,023)(919)(880)(664)(352)(184)
Additional paid in capital581573564549537523511
Accumulated other comprehensive income (loss)(4)1(1)(2)(4)(2)0
Retained earnings1,051923750612444275164
Total stockholders' equity:600473394280315445491
TOTAL LIABILITIES AND EQUITY:2,8172,6952,3572,3362,3062,1921,889

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,1016,8746,4576,5286,5885,8685,335
Cost of revenue(5,951)(5,771)(5,401)(5,469)(5,528)(4,901)(4,457)
Gross profit:1,1491,1031,0561,0591,061967878
Operating expenses(773)(760)(735)(733)(730)(699)(647)
Other operating income (expense), net(1)1(1)20(1)(8)
Other undisclosed operating income (loss)(52)(34)(32)(31)(30)13
Operating income:323311288298302268226
Nonoperating expense(82)(86)(79)(30)(28)(85)(61)
Interest and debt expense23(3)(3)(3)(3)(71)(46)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(23)33337146
Income from continuing operations before income taxes:241225209268273183165
Income tax expense(60)(57)(70)(101)(104)(71)(64)
Income from continuing operations:181168139167169112101
Income (loss) from discontinued operations     0(5)
Net income:18116813916716911296
Other undisclosed net income (loss) attributable to parent    (0)(1)13
Net income available to common stockholders, diluted:181168139167169112109

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:18116813916716911296
Other comprehensive loss(1)      
Comprehensive income:18116813916716911296
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)211(2)(2)15
Comprehensive income, net of tax, attributable to parent:175170140169167110111

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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