← LITHIA MOTORS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Accounts receivable, net of allowance for doubtful accounts of $6.9 and $2.3 | $417.7m | $521.9m | $529.4m | $505.0m | $614.0m | $910.0m | $813.1m | $1.1b | $1.2b | $1.1b | |
| Cash and Cash Equivalents, at Carrying Value | $50.3m | $57.3m | $31.6m | $84.0m | $160.2m | $153.0m | — | — | — | — | |
| Cash, restricted cash, and cash equivalents | — | — | — | $84.0m | $162.5m | $174.8m | — | $941.4m | $402.2m | $341.8m | |
| Finance receivables, net of allowance for credit losses of $143.7 and $123.4 | — | — | — | — | — | $803.3m | $2.2b | $3.2b | $3.9b | $4.8b | |
| Inventories, net | $1.8b | $2.1b | $2.4b | $2.4b | $2.5b | $2.4b | $3.4b | $4.8b | $5.9b | $6.1b | |
| Other current assets | $46.6m | $70.8m | $65.1m | $47.8m | $70.5m | $63.0m | $161.7m | $136.8m | $221.3m | $262.5m | |
| Inventory, Net | $1.8b | $2.1b | $2.4b | $2.4b | $2.5b | $2.4b | $3.4b | $4.8b | $5.9b | $6.1b | |
| Assets, Current | $2.3b | $2.8b | $3.0b | $3.1b | $3.3b | $3.5b | $4.6b | $7.0b | $7.8b | $7.9b | |
| Total current assets | $2.3b | $2.8b | $3.0b | $3.1b | $3.3b | $3.5b | $4.6b | $7.0b | $7.8b | $7.9b | |
| Property and equipment, net of accumulated depreciation of $1,004.9 and $825.5 | — | — | — | $1.6b | $2.2b | $3.1b | $3.6b | $4.0b | $4.6b | $4.9b | |
| Property, Plant and Equipment, Net | $1.0b | $1.2b | $1.4b | $1.6b | — | — | — | — | — | — | |
| Goodwill | $259.4m | $256.3m | $434.9m | $454.6m | $593.0m | $977.3m | $1.5b | $1.9b | $2.1b | $2.5b | |
| Operating Lease, Right-of-Use Asset | — | — | — | $251.9m | $264.0m | $395.9m | $381.9m | $478.8m | $658.7m | $717.2m | |
| Operating lease right-of-use assets | — | — | — | $251.9m | $264.0m | $395.9m | $381.9m | $478.8m | $658.7m | $717.2m | |
| Other Assets, Noncurrent | $107.2m | $271.8m | $221.0m | $388.5m | $1.2b | $2.4b | $914.7m | $642.0m | $1.5b | $1.6b | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $417.7m | $521.9m | $529.4m | $505.0m | $614.0m | $910.0m | $813.1m | $1.1b | $1.2b | $1.1b | |
| Deferred income taxes | $59.1m | $56.3m | $91.2m | $131.1m | $146.3m | $191.0m | $286.3m | $349.3m | $397.1m | $516.3m | |
| Floor plan notes payable | $94.6m | $116.8m | $324.4m | $425.2m | $234.2m | $354.2m | $627.2m | $1.3b | $2.1b | $2.0b | |
| Floor plan notes payable: non-trade | $1.5b | $1.8b | $1.7b | $1.6b | $1.6b | $835.9m | $1.5b | $2.3b | $2.8b | $3.0b | |
| Franchise value | $184.3m | $187.0m | $288.7m | $306.7m | $350.2m | $799.1m | $1.9b | $2.4b | $2.6b | $2.8b | |
| Non-controlling interest | — | — | — | — | $0 | $2.8m | $4.2m | $25.0m | $23.9m | $25.2m | |
| Non-current operating lease liabilities | — | — | — | $238.5m | $246.7m | $361.7m | $346.6m | $427.9m | $596.5m | $662.1m | |
| Other non-current assets | $107.2m | $271.8m | $221.0m | $388.5m | $1.2b | $2.4b | $914.7m | $642.0m | $1.5b | $1.6b | |
| Redeemable non-controlling interest | — | — | — | — | $0 | $34.0m | $40.7m | $44.0m | $0 | $0 | |
| Trade payables | $88.4m | $111.4m | $126.3m | $125.3m | $158.2m | $235.4m | $258.4m | $288.0m | $333.7m | $339.5m | |
| Accrued Liabilities, Current | $211.1m | $251.7m | $283.6m | $336.9m | $458.3m | $753.6m | $782.7m | $899.1m | $1.1b | $1.2b | |
| Total equity | — | — | — | $1.5b | $2.7b | $4.6b | $5.2b | $6.2b | $6.7b | $6.6b | |
| Total stockholders’ equity - Lithia Motors, Inc. | $910.8m | $1.1b | $1.2b | $1.5b | $2.7b | $4.6b | $5.2b | $6.2b | $6.7b | $6.6b | |
| Assets | $3.8b | $4.7b | $5.4b | $6.1b | $7.9b | $11.1b | $15.0b | $19.6b | $23.1b | $25.1b | |
| Total assets | $3.8b | $4.7b | $5.4b | $6.1b | $7.9b | $11.1b | $15.0b | $19.6b | $23.1b | $25.1b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts Payable, Current | $88.4m | $111.4m | $126.3m | $125.3m | $158.2m | $235.4m | $258.4m | $288.0m | $333.7m | $339.5m | |
| Current maturities of debt | $21.0m | $18.9m | $25.9m | $39.3m | $66.0m | $223.7m | $20.5m | $109.6m | $192.1m | $133.9m | |
| Debt, less current maturities | $769.9m | $1.0b | $1.4b | $1.4b | $2.1b | $3.2b | $7.9b | $7.2b | $8.2b | $9.7b | |
| Deferred Revenue, Noncurrent | $81.9m | $103.1m | $121.7m | $137.9m | $155.7m | $191.2m | $226.7m | $264.1m | $414.2m | $452.7m | |
| Long-term Debt, Excluding Current Maturities | $485.2m | $782.5m | $926.5m | $1.3b | $2.1b | $2.4b | $20.5m | $109.6m | $192.1m | $133.9m | |
| Operating Lease, Liability, Current | — | — | — | $25.2m | $30.8m | $49.0m | $51.7m | $68.2m | $97.6m | $103.2m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $238.5m | $246.7m | $361.7m | $346.6m | $427.9m | $596.5m | $662.1m | |
| Liabilities, Current | $1.9b | $2.3b | $2.5b | $2.6b | $2.5b | $2.4b | $3.2b | $4.9b | $6.6b | $6.7b | |
| Total current liabilities | $1.9b | $2.3b | $2.5b | $2.6b | $2.5b | $2.4b | $3.2b | $4.9b | $6.6b | $6.7b | |
| Deferred Income Tax Liabilities, Net | — | $56.3m | $91.2m | $131.1m | $146.3m | $191.0m | $286.3m | $349.3m | $397.1m | $516.3m | |
| Other Liabilities, Noncurrent | $100.5m | $111.0m | $122.2m | $109.0m | $147.5m | $151.3m | $207.2m | $220.7m | $319.1m | $471.9m | |
| Other long-term liabilities | $100.5m | $111.0m | $122.2m | $109.0m | $147.5m | $151.3m | $207.2m | $220.7m | $319.1m | $471.9m | |
| Deferred Tax Liabilities, Net | $59.1m | $56.3m | $91.2m | $131.1m | $146.3m | $191.0m | $286.3m | $349.3m | $397.1m | $516.3m | |
| Liabilities | $2.9b | $3.6b | $4.2b | $4.6b | $5.2b | $6.5b | $9.8b | $13.3b | $16.4b | $18.5b | |
| Total liabilities | $2.9b | $3.6b | $4.2b | $4.6b | $5.2b | $6.5b | $9.8b | $13.3b | $16.4b | $18.5b | |
| Redeemable Noncontrolling Interest, Equity, Carrying Amount | — | — | — | — | — | $34.0m | $40.7m | $44.0m | $0 | $0 | |
| Stockholders’ equity: | |||||||||||
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | — | $0 | ($700k) | ($6.3m) | ($3.0m) | ($18.0m) | $20.1m | ($3.6m) | $67.3m | |
| Accumulated other comprehensive income (loss) | — | — | $0 | ($700k) | ($6.3m) | ($3.0m) | ($18.0m) | $20.1m | ($3.6m) | $67.3m | |
| Additional Paid in Capital, Common Stock | $41.2m | $11.3m | $35.0m | $46.0m | $41.4m | $58.3m | $76.8m | $79.9m | $107.2m | $18.1m | |
| Additional paid-in capital | $41.2m | $11.3m | $35.0m | $46.0m | $41.4m | $58.3m | $76.8m | $79.9m | $107.2m | $18.1m | |
| Common Stock, Value, Issued | $165.7m | $149.2m | $100k | $20.6m | $788.2m | $1.7b | $1.1b | $1.1b | $793.1m | $0 | |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 23.5 and 26.4 | 165.7m | 149.2m | 100k | 20.6m | 788.2m | 1.7b | 1.1b | 1.1b | 793.1m | 0 | |
| Preferred Stock, Value, Issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Earnings (Accumulated Deficit) | $703.8m | $922.7m | $1.2b | $1.4b | $1.8b | $2.9b | $4.1b | $5.0b | $5.8b | $6.5b | |
| Stockholders' Equity Attributable to Parent | $910.8m | $1.1b | $1.2b | $1.5b | $2.7b | $4.6b | $5.2b | $6.2b | $6.7b | $6.6b | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | $2.8m | $4.2m | $25.0m | $23.9m | $25.2m | |
| Liabilities and Equity | $3.8b | $4.7b | $5.4b | $6.1b | $7.9b | $11.1b | $15.0b | $19.6b | $23.1b | $25.1b | |
| Total liabilities, redeemable non-controlling interest and equity | $3.8b | $4.7b | $5.4b | $6.1b | $7.9b | $11.1b | $15.0b | $19.6b | $23.1b | $25.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.