XML 88 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash, restricted cash, and cash equivalents $ 233.0 $ 174.8
Accounts receivable, net of allowance for doubtful accounts of $37.0 and $17.3 1,004.6 910.0
Inventories, net 3,309.3 2,385.5
Other current assets 135.4 63.0
Total current assets 4,682.3 3,533.3
Property and equipment, net of accumulated depreciation of $490.5 and $422.6 3,473.0 3,052.6
Operating lease right-of-use assets 373.2 395.9
Goodwill 1,463.1 977.3
Franchise value 1,866.8 799.1
Other non-current assets 2,216.1 2,388.7
Total assets 14,074.5 11,146.9
Current liabilities:    
Floor plan notes payable 454.8 354.2
Floor plan notes payable: non-trade 1,208.1 835.9
Current maturities of long-term debt 113.4 223.7
Trade payables 241.3 235.4
Accrued liabilities 809.0 753.6
Total current liabilities 2,826.6 2,402.8
Long-term debt, less current maturities 5,222.3 3,185.7
Deferred revenue 219.9 191.2
Deferred income taxes 254.5 191.0
Non-current operating lease liabilities 337.7 361.7
Other long-term liabilities 185.3 151.3
Total liabilities 9,046.3 6,483.7
Redeemable non-controlling interest 40.5 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 1,107.1 1,711.6
Additional paid-in capital 69.0 58.3
Accumulated other comprehensive loss (21.5) (3.0)
Retained earnings 3,829.1 2,859.5
Total stockholders’ equity - Lithia Motors, Inc. 4,983.7 4,626.4
Non-controlling interest 4.0 2.8
Total equity 4,987.7 4,629.2
Total liabilities, redeemable non-controlling interest and equity $ 14,074.5 $ 11,146.9