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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and restricted cash $ 246.7 $ 174.8
Accounts receivable, net of allowance for doubtful accounts of $3.1 and $3.7 813.1 685.5
Inventories, net 3,409.4 2,385.5
Other current assets 161.7 63.9
Total current assets 4,630.9 3,309.7
Property and equipment, net of accumulated depreciation of $526.8 and $422.6 3,574.6 3,052.6
Operating lease right-of-use assets 381.9 395.9
Finance receivables, net of allowance for estimated losses of $69.3 and $25.0 2,187.6 803.3
Goodwill 1,460.7 977.3
Franchise value 1,856.2 799.1
Other non-current assets 914.7 1,809.0
Total assets 15,006.6 11,146.9
Current liabilities:    
Floor plan notes payable 627.2 354.2
Floor plan notes payable: non-trade 1,489.4 835.9
Current maturities of long-term debt 20.5 223.7
Trade payables 258.4 235.4
Accrued liabilities 782.7 753.6
Total current liabilities 3,178.2 2,402.8
Deferred revenue 226.7 191.2
Deferred income taxes 286.3 191.0
Non-current operating lease liabilities 346.6 361.7
Other long-term liabilities 207.2 151.3
Total liabilities 9,755.5 6,483.7
Redeemable non-controlling interest 40.7 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 27.3 and 29.5 1,082.1 1,711.6
Additional paid-in capital 76.8 58.3
Accumulated other comprehensive loss (18.0) (3.0)
Retained earnings 4,065.3 2,859.5
Total stockholders’ equity - Lithia Motors, Inc. 5,206.2 4,626.4
Non-controlling interest 4.2 2.8
Total equity 5,210.4 4,629.2
Total liabilities, redeemable non-controlling interest and equity 15,006.6 11,146.9
Long-term debt excluding notes payable    
Current liabilities:    
Current maturities of long-term debt 20.5 223.7
Long-term debt, less current maturities 5,088.3 2,868.1
Notes payable    
Current liabilities:    
Long-term debt, less current maturities $ 422.2 $ 317.6