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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and restricted cash $ 299.4 $ 246.7
Accounts receivable, net of allowance for doubtful accounts of $3.1 and $3.1 843.1 813.1
Inventories, net 3,855.6 3,409.4
Other current assets 149.6 161.7
Total current assets 5,147.7 4,630.9
Property and equipment, net of accumulated depreciation of $618.9 and $526.8 3,719.7 3,574.6
Operating lease right-of-use assets 473.9 381.9
Finance receivables, net of allowance for estimated losses of $82.2 and $69.3 2,584.8 2,187.6
Goodwill 1,516.2 1,460.7
Franchise value 1,929.0 1,856.2
Other non-current assets 1,050.1 914.7
Total assets 16,421.4 15,006.6
Current liabilities:    
Floor plan notes payable 999.3 627.2
Floor plan notes payable: non-trade 1,664.9 1,489.4
Trade payables 320.0 258.4
Accrued liabilities 881.7 782.7
Total current liabilities 3,948.0 3,178.2
Deferred revenue 234.0 226.7
Deferred income taxes 290.6 286.3
Non-current operating lease liabilities 427.7 346.6
Other long-term liabilities 194.1 207.2
Total liabilities 10,939.6 9,755.5
Redeemable non-controlling interest 40.9 40.7
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 27.3 1,105.5 1,082.1
Additional paid-in capital 54.2 76.8
Accumulated other comprehensive loss (4.9) (18.0)
Retained earnings 4,282.5 4,065.3
Total stockholders’ equity - Lithia Motors, Inc. 5,437.3 5,206.2
Non-controlling interest 3.6 4.2
Total equity 5,440.9 5,210.4
Total liabilities, redeemable non-controlling interest and equity 16,421.4 15,006.6
Long-term debt, less current maturities    
Current liabilities:    
Current maturities of long-term debt 35.9 20.5
Long-term debt, less current maturities 5,066.0 5,088.3
Non-recourse notes payable    
Current liabilities:    
Current maturities of long-term debt 46.2 0.0
Long-term debt, less current maturities $ 779.2 $ 422.2