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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and restricted cash $ 256.2 $ 246.7
Accounts receivable, net of allowance for doubtful accounts of $4.5 and $3.1 999.3 813.1
Inventories, net 4,404.5 3,409.4
Other current assets 158.2 161.7
Total current assets 5,818.2 4,630.9
Property and equipment, net of accumulated depreciation of $687.9 and $526.8 3,947.7 3,574.6
Operating lease right-of-use assets 472.4 381.9
Finance receivables, net of allowance for estimated losses of $103.0 and $69.3 3,102.1 2,187.6
Goodwill 1,725.6 1,460.7
Franchise value 2,147.7 1,856.2
Other non-current assets 1,056.1 914.7
Total assets 18,269.8 15,006.6
Current liabilities:    
Floor plan notes payable 1,261.2 627.2
Floor plan notes payable: non-trade 1,863.4 1,489.4
Trade payables 307.3 258.4
Accrued liabilities 872.2 782.7
Total current liabilities 4,375.3 3,178.2
Deferred revenue 248.1 226.7
Deferred income taxes 323.6 286.3
Non-current operating lease liabilities 424.0 346.6
Other long-term liabilities 243.3 207.2
Total liabilities 12,203.0 9,755.5
Redeemable non-controlling interest 44.3 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 27.6 and 27.3 1,126.5 1,082.1
Additional paid-in capital 71.1 76.8
Accumulated other comprehensive loss (14.7) (18.0)
Retained earnings 4,813.5 4,065.3
Total stockholders’ equity - Lithia Motors, Inc. 5,996.4 5,206.2
Non-controlling interest 26.1 4.2
Total equity 6,022.5 5,210.4
Total liabilities, redeemable non-controlling interest and equity 18,269.8 15,006.6
Long-term debt    
Current liabilities:    
Current maturities of long-term debt 37.2 20.5
Long-term debt, less current maturities 5,152.8 5,088.3
Non-recourse notes payable    
Current liabilities:    
Current maturities of long-term debt 34.0 0.0
Long-term debt, less current maturities $ 1,435.9 $ 422.2