Lithia Motors, Inc. (LAD) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15316084325750
Cash and cash equivalents15316084325750
Receivables910614505529522418
Inventory, net of allowances, customer advances and progress billings2,3862,4932,4342,3652,1331,773
Inventory2,3862,4932,4342,3652,1331,773
Other current assets637148657147
Other undisclosed current assets22     
Total current assets:3,5333,3383,0712,9912,7832,287
Noncurrent Assets
Finance lease, right-of-use asset59254 
Operating lease, right-of-use asset396264252
Property, plant and equipment(329)501,6121,4481,1851,006
Long-term investments and receivables603101    
Accounts and financing receivable, after allowance for credit loss603101    
Intangible assets, net (including goodwill)1,776943761724443444
Goodwill977593455435256259
Intangible assets, net (excluding goodwill)799350307289187184
Other noncurrent assets2,3891,160389221272107
Other undisclosed noncurrent assets2,7201,793    
Total noncurrent assets:7,6144,5653,0132,3931,9001,557
TOTAL ASSETS:11,1477,9026,0845,3844,6833,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities989617462410363300
Accounts payable23515812512611188
Accrued liabilities754458337284252211
Debt2246639261921
Deferred tax liabilities  59
Other undisclosed current liabilities1,1901,7972,0682,0581,9191,542
Total current liabilities:2,4032,4802,5692,4942,3011,922
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1862,0651,4311,3581,028770
Long-term debt, excluding current maturities     485
Finance lease, liability3724030
Operating lease, liability362247239
Other undisclosed long-term debt and lease obligation2,7871,5781,1631,3581,028285
Liabilities, other than long-term debt534450378244214182
Deferred revenue and credits10382
Deferred revenue191156138
Contract with customer, liability122
Deferred income tax liabilities191146131
Other liabilities151148109122111100
Other undisclosed noncurrent liabilities362247239915659
Total noncurrent liabilities:4,0812,7612,0471,6931,2991,011
Total liabilities:6,4845,2414,6164,1873,6002,933
Temporary equity, carrying amount34     
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6262,6621,4681,1971,083911
Additional paid in capital584146351141
Accumulated other comprehensive loss(3)(6)(1)   
Retained earnings2,8601,8381,4021,162923704
Other undisclosed stockholders' equity attributable to parent1,712788210149166
Stockholders' equity attributable to noncontrolling interest3     
Total stockholders' equity:4,6292,6621,4681,1971,083911
TOTAL LIABILITIES AND EQUITY:11,1477,9026,0845,3844,6833,844

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues22,83213,12412,67311,82110,0878,678
Cost of revenue(18,573)(10,899)(10,719)(10,044)(8,570)(7,377)
Cost of goods and services sold(18,573)(10,899)(10,719)   
Gross profit:4,2592,2261,9541,7771,5161,301
Operating expenses(2,591)(1,529)(1,459)(1,330)(1,107)(963)
Operating income:1,668697495447409338
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(53)5914912(6)
Interest and debt expense(108)(73)(61)(56)(35)(23)
Income from continuing operations before equity method investments, income taxes:1,507683448400386309
Other undisclosed loss from continuing operations before income taxes(22)(34)(73)(62)(39)(26)
Income from continuing operations before income taxes:1,485649375338347284
Income tax expense(422)(178)(104)(72)(102)(86)
Net income:1,063470272266245197
Net loss attributable to noncontrolling interest(3)     
Net income available to common stockholders, diluted:1,060470272266245197

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1,063470272266245197
Other comprehensive income3     
Comprehensive income:1,066470272266245197
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(6)(1)  0
Comprehensive income, net of tax, attributable to parent:1,063465271266245197

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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