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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash, restricted cash, and cash equivalents $ 161.4 $ 174.8
Accounts receivable, net of allowance for doubtful accounts of $18.7 and $17.3 923.8 910.0
Inventories, net 2,697.3 2,385.5
Other current assets 102.1 63.0
Total current assets 3,884.6 3,533.3
Property and equipment, net of accumulated depreciation of $445.6 and $422.6 3,244.5 3,052.6
Operating lease right-of-use assets 393.1 395.9
Goodwill 1,019.3 977.3
Franchise value 956.7 799.1
Other non-current assets 2,582.6 2,388.7
Total assets 12,080.8 11,146.9
Current liabilities:    
Floor plan notes payable 388.2 354.2
Floor plan notes payable: non-trade 1,002.8 835.9
Current maturities of long-term debt 282.7 223.7
Trade payables 260.5 235.4
Accrued liabilities 890.9 753.6
Total current liabilities 2,825.1 2,402.8
Long-term debt, less current maturities 3,395.2 3,185.7
Deferred revenue 200.2 191.2
Deferred income taxes 203.7 191.0
Non-current operating lease liabilities 357.2 361.7
Other long-term liabilities 156.8 151.3
Total liabilities 7,138.2 6,483.7
Redeemable non-controlling interest 34.9 34.0
Equity:    
Preferred stock - no par value; authorized 15.0 shares; none outstanding 0.0 0.0
Common stock - no par value; authorized 125.0 shares; issued and outstanding 29.4 and 29.5 1,656.3 1,711.6
Additional paid-in capital 51.8 58.3
Accumulated other comprehensive income (loss) 4.9 (3.0)
Retained earnings 3,191.4 2,859.5
Total stockholders’ equity - Lithia Motors, Inc. 4,904.4 4,626.4
Non-controlling interest 3.3 2.8
Total equity 4,907.7 4,629.2
Total liabilities, redeemable non-controlling interest and equity $ 12,080.8 $ 11,146.9