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 investments | 299 | 170 | 29 | 6 | 6 | 3 | 4 | ||
| Cash and cash equivalents | 299 | 170 | 29 | 6 | 6 | 3 | 4 | ||
| Receivables | 401 | 372 | 433 | 438 | 482 | 430 | 379 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,261 | 1,247 | 1,518 | 1,528 | 1,513 | 1,571 | 1,600 | ||
| Inventory | 1,261 | 1,247 | 1,518 | 1,528 | 1,513 | 1,571 | 1,600 | ||
| Assets held-for-sale, not part of disposal group | 2 | ||||||||
| Other current assets | 122 | 93 | 38 | 21 | 19 | 27 | 101 | ||
| Other undisclosed current assets | (2) | ||||||||
| Total current assets: | 2,084 | 1,883 | 2,018 | 1,993 | 2,020 | 2,031 | 2,083 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 180 | 60 | 35 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 293 | 330 | 338 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,459 | 1,121 | 1,097 | 1,178 | 1,147 | 1,010 | 887 | ||
| Intangible assets, net (including goodwill) | 897 | 278 | 540 | 579 | 600 | 553 | 552 | ||
| Goodwill | 416 | 214 | 476 | 510 | 526 | 472 | 471 | ||
| Intangible assets, net (excluding goodwill) | 480 | 64 | 64 | 70 | 75 | 80 | 81 | ||
| Other noncurrent assets | 63 | 74 | 44 | 46 | 51 | 45 | 40 | ||
| Total noncurrent assets: | 2,891 | 1,863 | 2,053 | 1,803 | 1,799 | 1,608 | 1,479 | ||
| TOTAL ASSETS: | 4,975 | 3,746 | 4,071 | 3,797 | 3,819 | 3,639 | 3,562 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 133 | 114 | 146 | 128 | 142 | 131 | 144 | ||
| Accounts payable | 133 | 105 | 135 | 114 | 130 | 118 | 131 | ||
| Interest and dividends payable | 8 | 11 | 13 | 12 | 13 | 13 | |||
| Debt | 103 | 72 | 115 | 26 | 68 | 51 | 72 | ||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 0 | |||||
| Other liabilities | 351 | 279 | 266 | 258 | 238 | 237 | 219 | ||
| Other undisclosed current liabilities | 1,305 | 1,367 | 1,539 | 1,534 | 1,506 | 1,518 | 1,480 | ||
| Total current liabilities: | 1,892 | 1,831 | 2,066 | 1,946 | 1,955 | 1,937 | 1,915 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,911 | 1,011 | 977 | 919 | 963 | 840 | 781 | ||
| Long-term debt, excluding current maturities | 1,511 | 652 | 637 | 919 | 963 | 840 | 781 | ||
| Finance lease, liability | 136 | 62 | 36 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 265 | 297 | 304 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 96 | 89 | 74 | 109 | 114 | 138 | 138 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 33 | 52 | 76 | 73 | ||
| Other liabilities | 96 | 89 | 74 | 76 | 62 | 61 | 64 | ||
| Total noncurrent liabilities: | 2,007 | 1,099 | 1,051 | 1,028 | 1,077 | 977 | 919 | ||
| Total liabilities: | 3,899 | 2,931 | 3,117 | 2,974 | 3,032 | 2,914 | 2,833 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,076 | 815 | 945 | 823 | 787 | 725 | 729 | ||
| Treasury stock, value | (765) | (672) | (600) | (598) | (574) | (536) | (436) | ||
| Additional paid in capital | 790 | 768 | 756 | 745 | 733 | 722 | 713 | ||
| Accumulated other comprehensive income (loss) | (1) | (4) | (2) | 4 | 1 | (2) | (6) | ||
| Retained earnings | 1,052 | 722 | 790 | 671 | 625 | 541 | 457 | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Total stockholders' equity: | 1,076 | 815 | 945 | 823 | 787 | 725 | 729 | ||
| Other undisclosed liabilities and equity | 0 | 9 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 4,975 | 3,746 | 4,071 | 3,797 | 3,819 | 3,639 | 3,562 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,396 | 9,767 | 10,454 | 9,952 | 9,867 | 9,732 | 9,624 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 9,504 | 9,388 | 9,298 | |
| 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: | 1,914 | 1,424 | 1,521 | 1,446 | 1,458 | 1,429 | 1,415 | |
| Operating expenses | (1,376) | (1,390) | (1,213) | (1,268) | (1,246) | (1,196) | (1,197) | |
| Operating income: | 538 | 34 | 308 | 178 | 212 | 233 | 217 | |
| Nonoperating expense | (80) | (69) | (108) | (102) | (103) | (78) | (72) | |
| Other nonoperating income (expense) | (16) | 0 | (7) | 0 | (15) | 0 | 0 | |
| Interest and debt expense | (7) | (3) | (7) | (1) | (15) | (1) | (1) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 451 | (38) | 193 | 75 | 94 | 154 | 144 | |
| Other undisclosed income from continuing operations before income taxes | 7 | 3 | 7 | 1 | 15 | 1 | 1 | |
| Income (loss) from continuing operations before income taxes: | 458 | (35) | 200 | 75 | 108 | 155 | 145 | |
| Income tax expense | (109) | (16) | (55) | (23) | (14) | (61) | (57) | |
| Income (loss) from continuing operations: | 349 | (51) | 145 | 52 | 94 | 95 | 88 | |
| Loss from discontinued operations | (1) | (0) | (1) | (1) | (1) | (2) | ||
| Net income (loss) attributable to parent: | 349 | (51) | 144 | 52 | 93 | 93 | 86 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | (0) | ✕ | ✕ | ||||
| Net income (loss) available to common stockholders, basic: | 349 | (51) | 144 | 52 | 93 | 93 | 86 | |
| Other undisclosed net loss available to common stockholders, diluted | (0) | (0) | ||||||
| Net income (loss) available to common stockholders, diluted: | 349 | (51) | 144 | 52 | 93 | 93 | 86 | |
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) | 144 | 52 | 93 | 93 | 86 | |
| Other comprehensive income (loss) | 2 | (2) | (6) | 3 | 4 | 3 | 1 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 351 | (53) | 138 | 55 | 97 | 97 | 87 | |
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.