XML 343 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 8,561.8 $ 6,973.8
Cost of sales:    
Total cost of sales 7,226.6 5,762.3
Gross profit 1,335.2 1,211.5
Financing operations loss (1.7) (20.8)
Selling, general and administrative 934.3 764.4
Depreciation and amortization 57.8 47.3
Operating income 341.4 379.0
Floor plan interest expense (60.7) (27.7)
Other interest expense, net (63.6) (39.0)
Other income, net 3.5 2.0
Income before income taxes 220.6 314.3
Income tax provision (55.6) (84.7)
Net income 165.0 229.6
Net income attributable to non-controlling interest (1.5) (0.7)
Net income attributable to redeemable non-controlling interest (0.9) (0.2)
Net income attributable to Lithia Motors, Inc. $ 162.6 $ 228.7
Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 5.90 $ 8.32
Shares used in basic per share calculations (in shares) 27.5 27.5
Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share) $ 5.89 $ 8.30
Shares used in diluted per share calculations (in shares) 27.6 27.5
Cash dividends paid per share (in dollars per share) $ 0.50 $ 0.42
New vehicle retail    
Revenues:    
Total revenues $ 4,014.1 $ 3,278.9
Cost of sales:    
Total cost of sales 3,718.8 2,945.1
Used vehicle retail    
Revenues:    
Total revenues 2,800.8 2,227.5
Cost of sales:    
Total cost of sales 2,618.1 2,061.8
Used vehicle wholesale    
Revenues:    
Total revenues 337.7 356.7
Cost of sales:    
Total cost of sales 338.7 359.5
Finance and insurance    
Revenues:    
Total revenues 340.6 318.3
Service, body and parts    
Revenues:    
Total revenues 912.8 736.3
Cost of sales:    
Total cost of sales 410.8 341.9
Fleet and other    
Revenues:    
Total revenues 155.8 56.1
Cost of sales:    
Total cost of sales $ 140.2 $ 54.0