Group 1 Automotive, Inc. (GPI) Financial Statements (2023 and earlier)

Company Profile

Business Address 800 GESSNER
HOUSTON, TX 77024
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)
Annual | Quarterly

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 investments481587241629
Cash and cash equivalents481587241629
Receivables199178200225194189
Inventory, net of allowances, customer advances and progress billings1,3571,0731,4681,9021,8441,763
Inventory1,3571,0731,4681,9021,8441,763
Prepaid expense31311996  
Contract with customer, asset, after allowance for credit loss483835  ✕
Derivative instruments and hedges, assets0 2   
Disposal group, including discontinued operation54100    
Other current assets19501816  
Other undisclosed current assets230182174254348348
Total current assets:1,9851,6662,0042,5162,4022,329
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 221169  ✕✕
Operating lease, right-of-use asset249268210220✕✕
Property, plant and equipment    1,5471,3481,319
Intangible assets, net (including goodwill)2,1781,8139971,0081,224913
Goodwill1,6621,4209971,008964913
Intangible assets, net (excluding goodwill)516392  260 
Derivative instruments and hedges10914    
Deferred income tax assets 86  ✕✕
Other noncurrent assets1774537252724
Other undisclosed noncurrent assets1,7891,7691,841254 286
Total noncurrent assets:4,7324,0833,0853,0542,5992,542
TOTAL ASSETS:6,7185,7495,0895,5705,0014,871
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities760716670734617590
Accounts payable488458443528419413
Accrued liabilities272259227207197177
Debt13022057599378
Deferred compensation liability 46531 
Derivative instruments and hedges, liabilities  04302
Disposal group, including discontinued operation 550    
Other undisclosed current liabilities1,0235511,1071,6231,6761,529
Total current liabilities:1,9211,5441,8432,4222,3872,198
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,9521,8151,2951,4321,2811,318
Capital lease obligations✕✕✕✕✕4977
Finance lease, liability 20216411676✕✕
Other undisclosed long-term debt and lease obligation1,7511,3949721,1451,2331,241
Liabilities, other than long-term debt606320295254103230
Deferred tax liabilities, net✕✕✕✕✕ 124
Deferred income tax liabilities238181141146✕✕
Other liabilities13012811310410197
Operating lease, liability238257208211✕✕
Derivative instruments and hedges, liabilities  1141429
Total noncurrent liabilities:2,5592,1351,5901,6861,3841,548
Total liabilities:4,4803,6793,4324,1083,7713,747
Equity
Equity, attributable to parent, including:2,2381,8251,4501,2561,0961,124
Common stock000000
Treasury stock, value(1,198)(690)(493)(435)(454)(291)
Additional paid in capital339326308295293291
Accumulated other comprehensive income (loss)23(156)(184)(147)(138)(123)
Retained earnings3,0742,3461,8181,5421,3951,246
Other undisclosed equity, attributable to parent (0)(0)(0)   
Total equity:2,2381,8251,4501,2561,0961,124
Other undisclosed liabilities and equity 0246208206135 
TOTAL LIABILITIES AND EQUITY:6,7185,7495,0895,5705,0014,871

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues16,22213,48210,85212,04411,60111,124
Cost of revenue
(Cost of Goods and Services Sold)		(13,257)(11,041)(9,083)(10,228)(9,876)(9,478)
Other undisclosed gross profit  0   
Gross profit:2,9652,4411,7691,8161,7251,646
Operating expenses(1,783)(1,477)(1,207)(1,381)(1,317)(1,246)
Other undisclosed operating loss(91)(79)(76)(72)(67)(58)
Operating income:1,091884486364341342
Nonoperating income
(Other Nonoperating income)		      
Interest and debt expense(78)(56)(76)(75)(76)(70)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (40)(62)(60)(52)
Income from continuing operations before equity method investments, income taxes:1,014829370227205219
Other undisclosed loss from continuing operations before income taxes(29)(28)    
Income from continuing operations before income taxes:985801370227205219
Income tax expense(231)(176)(84)(53)(48)(6)
Income from continuing operations:754625287174158213
Income before gain (loss) on sale of properties:✕✕625287174158213
Net income:754625287174158213
Other undisclosed net loss attributable to parent(3)(73)    
Net income attributable to parent:752552287174158213
Undistributed earnings (loss) allocated to participating securities, basic   (10)(6)(5) 
Other undisclosed net loss available to common stockholders, basic(21)(19)   (8)
Net income available to common stockholders, basic:730534276168152206
Other undisclosed net income (loss) available to common stockholders, diluted 0  00
Net income available to common stockholders, diluted:730534276168152206

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:754625287174158213
Other comprehensive income (loss) 28(37)(9)(14)24
Other undisclosed comprehensive loss  (73)    
Comprehensive income:754580249165143237
Other undisclosed comprehensive income, net of tax, attributable to parent176     
Comprehensive income, net of tax, attributable to parent:930580249165143237

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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