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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, restricted cash, and cash equivalents $ 113.2 $ 174.8
Accounts receivable, net of allowance for doubtful accounts of $22.0 and $17.3 978.4 910.0
Inventories, net 2,985.0 2,385.5
Other current assets 85.2 63.0
Total current assets 4,161.8 3,533.3
Property and equipment, net of accumulated depreciation of $470.6 and $422.6 3,390.9 3,052.6
Operating lease right-of-use assets 385.9 395.9
Goodwill 1,237.6 977.3
Franchise value 1,443.8 799.1
Other non-current assets 2,387.7 2,388.7
Total assets 13,007.7 11,146.9
Current liabilities:    
Floor plan notes payable 410.8 354.2
Floor plan notes payable: non-trade 1,060.2 835.9
Current maturities of long-term debt 120.3 223.7
Trade payables 266.5 235.4
Accrued liabilities 756.6 753.6
Total current liabilities 2,614.4 2,402.8
Long-term debt, less current maturities 4,721.7 3,185.7
Deferred revenue 210.3 191.2
Deferred income taxes 207.6 191.0
Non-current operating lease liabilities 350.0 361.7
Other long-term liabilities 165.9 151.3
Total liabilities 8,269.9 6,483.7
Redeemable non-controlling interest 39.8 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 27.5 and 29.5 1,124.0 1,711.6
Additional paid-in capital 62.2 58.3
Accumulated other comprehensive income (loss) (5.1) (3.0)
Retained earnings 3,510.8 2,859.5
Total stockholders’ equity - Lithia Motors, Inc. 4,691.9 4,626.4
Non-controlling interest 6.1 2.8
Total equity 4,698.0 4,629.2
Total liabilities, redeemable non-controlling interest and equity $ 13,007.7 $ 11,146.9