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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 137.8 $ 160.2
Accounts receivable, net of allowance for doubtful accounts of $14.3 and $5.9 812.6 614.0
Inventories, net 2,012.6 2,492.9
Other current assets 112.5 70.5
Total current assets 3,075.5 3,337.6
Property and equipment, net of accumulated depreciation of $399.9 and $338.0 2,352.9 2,197.5
Operating lease right-of-use assets 367.3 264.0
Goodwill 740.3 593.0
Franchise value 608.4 350.2
Other non-current assets 3,060.2 1,159.8
Total assets 10,204.6 7,902.1
Current liabilities:    
Floor plan notes payable 329.4 234.2
Floor plan notes payable: non-trade 688.9 1,563.0
Current maturities of long-term debt 206.9 66.0
Trade payables 248.1 158.2
Accrued liabilities 708.5 458.3
Total current liabilities 2,181.8 2,479.7
Long-term debt, less current maturities 2,586.1 2,064.7
Deferred revenue 181.7 155.7
Deferred income taxes 172.9 146.3
Non-current operating lease liabilities 338.6 246.7
Other long-term liabilities 165.6 147.5
Total liabilities 5,626.7 5,240.6
Redeemable Noncontrolling Interest, Equity, Carrying Amount 33.3 0.0
Equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Additional paid-in capital 50.8 41.4
Accumulated other comprehensive loss (3.6) (6.3)
Retained earnings 2,579.1 1,838.2
Total stockholders’ equity - Lithia Motors, Inc. 4,542.7 2,661.5
Non-controlling interest 1.9 0.0
Total equity 4,544.6 2,661.5
Total liabilities, redeemable non-controlling interest and equity 10,204.6 7,902.1
Class A common stock    
Equity:    
Common stock [1] 1,916.4 788.2
Class B common stock    
Equity:    
Common stock $ 0.0 $ 0.0
[1] Prior to June 7, 2021, common stock was classified as Class A common stock. The Class A common stock reclassification as common stock occurred in connection with the elimination of our classified common stock structure following the conversion of all Class B common stock to Class A common stock.