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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments843257504530
Cash and cash equivalents843257504530
Receivables505529522418308295
Inventory, net of allowances, customer advances and progress billings2,4342,3652,1331,7731,4711,250
Inventory2,4342,3652,1331,7731,4711,250
Disposal group, including discontinued operation     9
Other current assets486571475432
Total current assets:3,0712,9912,7832,2871,8791,616
Noncurrent Assets
Operating lease, right-of-use asset252
Property, plant and equipment1,6121,4481,1851,006877817
Long-term investments and receivables     22
Accounts and financing receivable, after allowance for credit loss     22
Intangible assets, net (including goodwill)761724443444371350
Goodwill455435256259213199
Intangible assets, net (excluding goodwill)307289187184158151
Other noncurrent assets38922127210710198
Other undisclosed noncurrent assets     (22)
Total noncurrent assets:3,0132,3931,9001,5571,3481,265
TOTAL ASSETS:6,0845,3844,6833,8443,2272,881
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities462410363300238225
Accounts payable125126111887171
Accrued liabilities337284252211167154
Debt392619213932
Disposal group, including discontinued operation     5
Deferred tax liabilities  59 3
Other undisclosed current liabilities2,0682,0581,9191,5421,3141,179
Total current liabilities:2,5692,4942,3011,9221,5911,443
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4311,3581,028770606609
Long-term debt, excluding current maturities   485413374
Finance lease, liability30
Operating lease, liability239
Other undisclosed long-term debt and lease obligation1,1631,3581,028285193235
Liabilities, other than long-term debt378244214182202156
Deferred revenue and credits103826754
Deferred revenue138
Contract with customer, liability122
Deferred tax liabilities, net   5343
Deferred income tax liabilities131
Other liabilities1091221111008259
Other undisclosed noncurrent liabilities239915659  
Total noncurrent liabilities:2,0471,6931,2991,011808765
Total liabilities:4,6164,1873,6002,9332,3992,208
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4681,1971,083911828673
Additional paid in capital463511413930
Accumulated other comprehensive loss(1)   (0)(1)
Retained earnings1,4021,162923704531368
Other undisclosed stockholders' equity attributable to parent210149166259276
Total stockholders' equity:1,4681,1971,083911828673
TOTAL LIABILITIES AND EQUITY:6,0845,3844,6833,8443,2272,881

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues12,67311,82110,0878,6787,8645,390
Cost of revenue(10,719)(10,044)(8,570)(7,377)(6,689)(4,567)
Cost of goods and services sold(10,719)     
Gross profit:1,9541,7771,5161,3011,176823
Operating expenses(1,459)(1,330)(1,107)(963)(867)(565)
Other undisclosed operating loss    (6)(26)
Operating income:495447409338303232
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
14912(6)(1) 
Interest and debt expense(61)(56)(35)(23)(19)(11)
Income from continuing operations before equity method investments, income taxes:448400386309282221
Other undisclosed loss from continuing operations before income taxes(73)(62)(39)(26)(20)(11)
Income from continuing operations before income taxes:375338347284263210
Income tax expense(104)(72)(102)(86)(80)(75)
Income from continuing operations:272266245197183136
Income from discontinued operations     3
Net income available to common stockholders, diluted:272266245197183139

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:272266245197183139
Comprehensive income:272266245197183139
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)  011
Comprehensive income, net of tax, attributable to parent:271266245197184139

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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