AutoNation, Inc. (AN) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
200 SW 1ST AVE FORT LAUDERDALE, FL 33301 |
| 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 investments | 73 | 60 | 570 | 42 | 49 | 69 | |||
| Cash and cash equivalents | 73 | 60 | 570 | 42 | 49 | 69 | |||
| Receivables | 859 | 730 | 845 | 917 | 976 | 1,111 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,048 | 1,848 | 2,599 | 3,306 | 3,651 | 3,366 | |||
| Inventory | 2,048 | 1,848 | 2,599 | 3,306 | 3,651 | 3,366 | |||
| Other current assets | 158 | 173 | 139 | 147 | 209 | 252 | |||
| Total current assets: | 3,138 | 2,812 | 4,153 | 4,411 | 4,884 | 4,798 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 324 | 284 | 310 | 333 | ✕ | ✕ | |||
| Property, plant and equipment | 3,607 | 3,420 | 3,138 | 3,175 | 3,155 | 2,963 | |||
| Long-term investments and receivables | 303 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 303 | ||||||||
| Intangible assets, net (including goodwill) | 2,157 | 1,979 | 1,707 | 2,084 | 2,109 | 2,102 | |||
| Goodwill | 1,320 | 1,235 | 1,185 | 1,502 | 1,513 | 1,515 | |||
| Intangible assets, net (excluding goodwill) | 837 | 744 | 522 | 582 | 595 | 587 | |||
| Other noncurrent assets | 531 | 450 | 580 | 541 | 517 | 410 | |||
| Total noncurrent assets: | 6,922 | 6,132 | 5,735 | 6,132 | 5,781 | 5,474 | |||
| TOTAL ASSETS: | 10,060 | 8,944 | 9,887 | 10,543 | 10,665 | 10,272 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 566 | 676 | 561 | 290 | 306 | 391 | |||
| Taxes payable | ✕ | ✕ | 81 | ||||||
| Employee-related liabilities | ✕ | ✕ | 280 | 226 | |||||
| Accounts payable | 328 | 396 | 335 | 290 | 306 | 310 | |||
| Accrued liabilities | 238 | ||||||||
| Deferred revenue | 42 | 34 | 33 | 33 | ✕ | ✕ | |||
| Debt | 63 | 352 | 309 | 526 | 674 | 745 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 32 | ✕ | ||
| Other liabilities | 658 | 574 | 536 | 709 | 680 | 775 | |||
| Other undisclosed current liabilities | 2,078 | 1,424 | 2,727 | 3,543 | 3,966 | 3,726 | |||
| Total current liabilities: | 3,406 | 3,060 | 4,166 | 5,100 | 5,658 | 5,636 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,587 | 2,846 | 1,793 | 1,579 | 1,926 | 1,959 | |||
| Finance lease, liability | 363 | 319 | 87 | ✕ | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | 3,224 | 2,268 | 1,506 | 1,186 | 1,926 | 1,959 | |||
| Liabilities, other than long-term debt | 773 | 461 | 463 | 455 | 365 | 307 | |||
| Deferred revenue | 67 | 61 | 56 | 58 | ✕ | ✕ | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 90 | 72 | ||
| Deferred income tax liabilities | 77 | 78 | 96 | 135 | ✕ | ✕ | |||
| Other liabilities | 333 | 322 | 311 | 262 | 275 | 235 | |||
| Operating lease, liability | 297 | 260 | 287 | 305 | ✕ | ✕ | |||
| Total noncurrent liabilities: | 4,360 | 3,307 | 2,255 | 2,034 | 2,291 | 2,267 | |||
| Total liabilities: | 7,766 | 6,367 | 6,421 | 7,134 | 7,949 | 7,902 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,048 | 2,377 | 3,236 | 3,162 | 2,716 | 2,369 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (1,620) | (2,267) | (888) | (563) | (544) | (468) | |||
| Additional paid in capital | 3 | 3 | 53 | 36 | 21 | 4 | |||
| Retained earnings | 3,664 | 4,640 | 4,069 | 3,688 | 3,238 | 2,832 | |||
| Total equity: | 2,048 | 2,377 | 3,236 | 3,162 | 2,716 | 2,369 | |||
| Other undisclosed liabilities and equity | 246 | 200 | 231 | 247 | |||||
| TOTAL LIABILITIES AND EQUITY: | 10,060 | 8,944 | 9,887 | 10,543 | 10,665 | 10,272 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,985 | 25,844 | 20,390 | 21,336 | 21,413 | 21,535 | ||
| Cost of revenue | (21,720) | (20,891) | (16,824) | (17,813) | (18,016) | (18,176) | ||
| Gross profit: | 5,265 | 4,953 | 3,566 | 3,523 | 3,397 | 3,359 | ||
| Operating expenses | (3,026) | (2,876) | (2,798) | (2,568) | (2,518) | (2,436) | ||
| Other operating income (expense), net | (14) | 20 | (7) | 49 | 65 | 79 | ||
| Other undisclosed operating loss | (200) | (193) | (199) | (181) | (166) | (159) | ||
| Operating income: | 2,025 | 1,903 | 563 | 824 | 778 | 843 | ||
| Nonoperating income (expense) | (15) | 24 | 144 | 34 | 1 | 10 | ||
| Investment income, nonoperating | 0 | 1 | 1 | 1 | ||||
| Other nonoperating income (expense) | (15) | 24 | 144 | 34 | 0 | 9 | ||
| Interest and debt expense | (135) | (93) | (94) | (107) | (119) | (120) | ||
| Income from continuing operations before equity method investments, income taxes: | 1,875 | 1,834 | 614 | 751 | 660 | 734 | ||
| Other undisclosed loss from continuing operations before income taxes | (41) | (26) | (64) | (138) | (130) | (97) | ||
| Income from continuing operations before income taxes: | 1,834 | 1,808 | 550 | 613 | 529 | 637 | ||
| Income tax expense | (456) | (435) | (168) | (162) | (134) | (202) | ||
| Income from continuing operations: | 1,378 | 1,373 | 382 | 451 | 396 | 435 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 1,373 | 382 | 450 | 396 | 435 | |
| Income (loss) from discontinued operations | (0) | (0) | (0) | (1) | 0 | (0) | ||
| Net income available to common stockholders, diluted: | 1,377 | 1,373 | 382 | 450 | 396 | 435 | ||
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: | 1,377 | 1,373 | 382 | 450 | 396 | 435 | ||
| Comprehensive income, net of tax, attributable to parent: | 1,377 | 1,373 | 382 | 450 | 396 | 435 | ||
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.