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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and restricted cash $ 941.4 $ 246.7
Accounts receivable, net of allowance for doubtful accounts of $7.1 and $3.1 1,123.1 813.1
Inventories, net 4,753.9 3,409.4
Other current assets 136.8 161.7
Total current assets 6,955.2 4,630.9
Property and equipment, net of accumulated depreciation of $646.7 and $526.8 3,981.4 3,574.6
Operating lease right-of-use assets 478.8 381.9
Finance receivables, net of allowance for estimated losses of $106.4 and $69.3 3,242.3 2,187.6
Goodwill 1,930.6 1,460.7
Franchise value 2,402.2 1,856.2
Other non-current assets 642.0 914.7
Total assets 19,632.5 15,006.6
Current liabilities:    
Floor plan notes payable 1,347.0 627.2
Floor plan notes payable: non-trade 2,288.5 1,489.4
Current maturities of debt 109.6 20.5
Trade payables 288.0 258.4
Accrued liabilities 899.1 782.7
Total current liabilities 4,932.2 3,178.2
Debt, less current maturities 7,155.4 5,510.5
Deferred revenue 264.1 226.7
Deferred income taxes 349.3 286.3
Non-current operating lease liabilities 427.9 346.6
Other long-term liabilities 220.7 207.2
Total liabilities 13,349.6 9,755.5
Redeemable non-controlling interest 44.0 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 27.4 and 27.3 1,100.6 1,082.1
Additional paid-in capital 79.9 76.8
Accumulated other comprehensive income (loss) 20.1 (18.0)
Retained earnings 5,013.3 4,065.3
Total stockholders’ equity - Lithia Motors, Inc. 6,213.9 5,206.2
Non-controlling interest 25.0 4.2
Total equity 6,238.9 5,210.4
Total liabilities, redeemable non-controlling interest and equity 19,632.5 15,006.6
Long-term debt    
Current liabilities:    
Current maturities of debt 75.7 20.5
Debt, less current maturities 5,483.7 5,088.3
Non-recourse notes payable    
Current liabilities:    
Current maturities of debt 33.9 0.0
Debt, less current maturities $ 1,671.7 $ 422.2