Lithia Motors, Inc. (LAD) financial statements (2021 and earlier)

Company profile

Business Address 150 NORTH BARTLETT STREET
MEDFORD, OR 97501
State of Incorp. OR
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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1608432575045
Cash and cash equivalents1608432575045
Receivables614505529522418308
Inventory, net of allowances, customer advances and progress billings2,4932,4342,3652,1331,7731,471
Inventory2,4932,4342,3652,1331,7731,471
Other current assets714865714754
Total current assets:3,3383,0712,9912,7832,2871,879
Noncurrent Assets
Finance lease, right-of-use asset254 
Operating lease, right-of-use asset264252
Property, plant and equipment501,6121,4481,1851,006877
Long-term investments and receivables101     
Accounts and financing receivable, after allowance for credit loss101     
Intangible assets, net (including goodwill)943761724443444371
Goodwill593455435256259213
Intangible assets, net (excluding goodwill)350307289187184158
Other noncurrent assets1,160389221272107101
Other undisclosed noncurrent assets1,793     
Total noncurrent assets:4,5653,0132,3931,9001,5571,348
TOTAL ASSETS:7,9026,0845,3844,6833,8443,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities617462410363300238
Accounts payable1581251261118871
Accrued liabilities458337284252211167
Debt663926192139
Deferred tax liabilities  59 
Other undisclosed current liabilities1,7972,0682,0581,9191,5421,314
Total current liabilities:2,4802,5692,4942,3011,9221,591
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0651,4311,3581,028770606
Long-term debt, excluding current maturities    485413
Finance lease, liability24030
Operating lease, liability247239
Other undisclosed long-term debt and lease obligation1,5781,1631,3581,028285193
Liabilities, other than long-term debt450378244214182202
Deferred revenue and credits1038267
Deferred revenue156138
Contract with customer, liability122
Deferred tax liabilities, net   53
Deferred income tax liabilities146131
Other liabilities14810912211110082
Other undisclosed noncurrent liabilities247239915659 
Total noncurrent liabilities:2,7612,0471,6931,2991,011808
Total liabilities:5,2414,6164,1873,6002,9332,399
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6621,4681,1971,083911828
Additional paid in capital414635114139
Accumulated other comprehensive loss(6)(1)   (0)
Retained earnings1,8381,4021,162923704531
Other undisclosed stockholders' equity attributable to parent788210149166259
Total stockholders' equity:2,6621,4681,1971,083911828
TOTAL LIABILITIES AND EQUITY:7,9026,0845,3844,6833,8443,227

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,12412,67311,82110,0878,6787,864
Cost of revenue(10,899)(10,719)(10,044)(8,570)(7,377)(6,689)
Cost of goods and services sold(10,899)(10,719)    
Gross profit:2,2261,9541,7771,5161,3011,176
Operating expenses(1,529)(1,459)(1,330)(1,107)(963)(867)
Other undisclosed operating loss     (6)
Operating income:697495447409338303
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5914912(6)(1)
Interest and debt expense(73)(61)(56)(35)(23)(19)
Income from continuing operations before equity method investments, income taxes:683448400386309282
Other undisclosed loss from continuing operations before income taxes(34)(73)(62)(39)(26)(20)
Income from continuing operations before income taxes:649375338347284263
Income tax expense(178)(104)(72)(102)(86)(80)
Net income available to common stockholders, diluted:470272266245197183

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:470272266245197183
Comprehensive income:470272266245197183
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6)(1)  01
Comprehensive income, net of tax, attributable to parent:465271266245197184

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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