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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and restricted cash $ 199.7 $ 246.7
Accounts receivable, net of allowance for doubtful accounts of $4.5 and $3.1 884.6 813.1
Inventories, net 4,278.9 3,409.4
Other current assets 130.8 161.7
Total current assets 5,494.0 4,630.9
Property and equipment, net of accumulated depreciation of $655.8 and $526.8 3,907.5 3,574.6
Operating lease right-of-use assets 491.0 381.9
Finance receivables, net of allowance for estimated losses of $97.1 and $69.3 2,882.4 2,187.6
Goodwill 1,610.2 1,460.7
Franchise value 2,016.2 1,856.2
Other non-current assets 1,281.4 914.7
Total assets 17,682.7 15,006.6
Current liabilities:    
Floor plan notes payable 1,107.9 627.2
Floor plan notes payable: non-trade 1,708.8 1,489.4
Trade payables 297.7 258.4
Accrued liabilities 858.4 782.7
Total current liabilities 4,048.2 3,178.2
Deferred revenue 241.3 226.7
Deferred income taxes 308.0 286.3
Non-current operating lease liabilities 440.4 346.6
Other long-term liabilities 229.4 207.2
Total liabilities 11,880.0 9,755.5
Redeemable non-controlling interest 43.0 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 1,116.1 1,082.1
Additional paid-in capital 62.5 76.8
Accumulated other comprehensive income (loss) 11.2 (18.0)
Retained earnings 4,565.8 4,065.3
Total stockholders’ equity - Lithia Motors, Inc. 5,755.6 5,206.2
Non-controlling interest 4.1 4.2
Total equity 5,759.7 5,210.4
Total liabilities, redeemable non-controlling interest and equity 17,682.7 15,006.6
Long-term debt    
Current liabilities:    
Current maturities of long-term debt 27.0 20.5
Long-term debt, less current maturities 5,414.0 5,088.3
Non-recourse notes payable    
Current liabilities:    
Current maturities of long-term debt 48.4 0.0
Long-term debt, less current maturities $ 1,198.7 $ 422.2