Sonic Automotive, Inc. (SAH) financial statements (2022 and earlier)

Company profile

Business Address 4401 COLWICK ROAD
CHARLOTTE, NC 28211
State of Incorp. DE
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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments299170296634
Cash and cash equivalents299170296634
Receivables401372433438482430379
Inventory, net of allowances, customer advances and progress billings1,2611,2471,5181,5281,5131,5711,600
Inventory1,2611,2471,5181,5281,5131,5711,600
Assets held-for-sale, not part of disposal group2      
Other current assets1229338211927101
Other undisclosed current assets(2)      
Total current assets:2,0841,8832,0181,9932,0202,0312,083
Noncurrent Assets
Finance lease, right-of-use asset1806035
Operating lease, right-of-use asset293330338
Property, plant and equipment1,4591,1211,0971,1781,1471,010887
Intangible assets, net (including goodwill)897278540579600553552
Goodwill416214476510526472471
Intangible assets, net (excluding goodwill)480646470758081
Other noncurrent assets63744446514540
Total noncurrent assets:2,8911,8632,0531,8031,7991,6081,479
TOTAL ASSETS:4,9753,7464,0713,7973,8193,6393,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133114146128142131144
Accounts payable133105135114130118131
Interest and dividends payable 81113121313
Debt1037211526685172
Deferred tax liabilities   0
Other liabilities351279266258238237219
Other undisclosed current liabilities1,3051,3671,5391,5341,5061,5181,480
Total current liabilities:1,8921,8312,0661,9461,9551,9371,915
Noncurrent Liabilities
Long-term debt and lease obligation1,9111,011977919963840781
Long-term debt, excluding current maturities1,511652637919963840781
Finance lease, liability1366236
Operating lease, liability265297304
Liabilities, other than long-term debt968974109114138138
Deferred tax liabilities, net33527673
Other liabilities96897476626164
Total noncurrent liabilities:2,0071,0991,0511,0281,077977919
Total liabilities:3,8992,9313,1172,9743,0322,9142,833
Stockholders' equity
Stockholders' equity attributable to parent, including:1,076815945823787725729
Treasury stock, value(765)(672)(600)(598)(574)(536)(436)
Additional paid in capital790768756745733722713
Accumulated other comprehensive income (loss)(1)(4)(2)41(2)(6)
Retained earnings1,052722790671625541457
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:1,076815945823787725729
Other undisclosed liabilities and equity 09    
TOTAL LIABILITIES AND EQUITY:4,9753,7464,0713,7973,8193,6393,562

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,3969,76710,4549,9529,8679,7329,624
Revenue, net9,5049,3889,298
Cost of revenue
(Cost of Goods and Services Sold)
(10,482)(8,343)(8,933)(8,506)(8,410)(8,303)(8,210)
Gross profit:1,9141,4241,5211,4461,4581,4291,415
Operating expenses(1,376)(1,390)(1,213)(1,268)(1,246)(1,196)(1,197)
Operating income:53834308178212233217
Nonoperating expense(80)(69)(108)(102)(103)(78)(72)
Other nonoperating income (expense)(16)0(7)0(15)00
Interest and debt expense(7)(3)(7)(1)(15)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes:451(38)1937594154144
Other undisclosed income from continuing operations before income taxes73711511
Income (loss) from continuing operations before income taxes:458(35)20075108155145
Income tax expense(109)(16)(55)(23)(14)(61)(57)
Income (loss) from continuing operations:349(51)14552949588
Loss from discontinued operations (1)(0)(1)(1)(1)(2)
Net income (loss) attributable to parent:349(51)14452939386
Undistributed earnings (loss) allocated to participating securities, basic   (0)(0)
Net income (loss) available to common stockholders, basic:349(51)14452939386
Other undisclosed net loss available to common stockholders, diluted     (0)(0)
Net income (loss) available to common stockholders, diluted:349(51)14452939386

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):349(51)14452939386
Other comprehensive income (loss)2(2)(6)3431
Comprehensive income (loss), net of tax, attributable to parent:351(53)13855979787

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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