XML 21 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash, restricted cash, and cash equivalents $ 174.8 $ 162.5
Accounts receivable, net of allowance for doubtful accounts of $17.3 and $5.9 910.0 614.0
Inventories, net 2,385.5 2,492.9
Other current assets 63.0 70.5
Total current assets 3,533.3 3,339.9
Property and equipment, net of accumulated depreciation of $422.6 and $338.0 3,052.6 2,197.5
Operating lease right-of-use assets 395.9 264.0
Goodwill 977.3 593.0
Franchise value 799.1 350.2
Other non-current assets 2,388.7 1,157.5
Total assets 11,146.9 7,902.1
Current liabilities:    
Floor plan notes payable 354.2 234.2
Floor plan notes payable: non-trade 835.9 1,563.0
Current maturities of long-term debt 223.7 66.0
Trade payables 235.4 158.2
Accrued liabilities 753.6 458.3
Total current liabilities 2,402.8 2,479.7
Long-term debt 3,185.7 2,064.7
Deferred revenue 191.2 155.7
Deferred income taxes 191.0 146.3
Non-current operating lease liabilities 361.7 246.7
Other long-term liabilities 151.3 147.5
Total liabilities 6,483.7 5,240.6
Redeemable non-controlling interest 34.0 0.0
Equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Additional paid-in capital 58.3 41.4
Accumulated other comprehensive loss (3.0) (6.3)
Retained earnings 2,859.5 1,838.2
Total stockholders’ equity - Lithia Motors, Inc. 4,626.4 2,661.5
Non-controlling interest 2.8 0.0
Total equity 4,629.2 2,661.5
Total liabilities, redeemable non-controlling interest and equity 11,146.9 7,902.1
Class B    
Equity:    
Common stock: Class A and Class B 0.0 0.0
Common stock    
Equity:    
Common stock: Class A and Class B $ 1,711.6 $ 788.2