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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash, restricted cash, and cash equivalents $ 674.8 $ 941.4
Accounts receivable, net of allowance for doubtful accounts of $2.6 and $7.1 1,242.9 1,123.1
Inventories, net 6,242.9 4,753.9
Other current assets 194.8 136.8
Total current assets 8,355.4 6,955.2
Property and equipment, net of accumulated depreciation of $731.2 and $646.7 4,615.2 3,981.4
Operating lease right-of-use assets 724.1 478.8
Finance receivables, net of allowance for estimated losses of $115.8 and $106.4 3,623.9 3,242.3
Goodwill 2,118.1 1,930.6
Franchise value 2,568.1 2,402.2
Other non-current assets 1,200.4 642.0
Total assets 23,205.2 19,632.5
Current liabilities:    
Floor plan notes payable 2,590.1 1,347.0
Floor plan notes payable: non-trade 2,697.4 2,288.5
Trade payables 380.4 288.0
Accrued liabilities 1,197.7 899.1
Total current liabilities 7,019.9 4,932.2
Deferred revenue 388.7 264.1
Deferred income taxes 409.7 349.3
Non-current operating lease liabilities 626.8 427.9
Other long-term liabilities 287.6 220.7
Total liabilities 16,766.6 13,349.6
Redeemable non-controlling interest 46.2 44.0
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 26.8 and 27.4 924.0 1,100.6
Additional paid-in capital 79.5 79.9
Accumulated other comprehensive income 2.6 20.1
Retained earnings 5,361.8 5,013.3
Total stockholders’ equity - Lithia Motors, Inc. 6,367.9 6,213.9
Non-controlling interest 24.5 25.0
Total equity 6,392.4 6,238.9
Total liabilities, redeemable non-controlling interest, and equity 23,205.2 19,632.5
Long-term debt    
Current liabilities:    
Current maturities of debt 90.9 75.7
Debt, less current maturities 6,071.5 5,483.7
Non-recourse notes payable    
Current liabilities:    
Current maturities of debt 63.4 33.9
Debt, less current maturities $ 1,962.4 $ 1,671.7