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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash, restricted cash, and cash equivalents $ 402.2 $ 941.4
Accounts receivable, net of allowance for doubtful accounts of $2.3 and $7.1 1,237.0 1,105.5
Inventories, net 5,911.7 4,753.9
Other current assets 221.3 136.8
Total current assets 7,772.2 6,937.6
Property and equipment, net of accumulated depreciation of $825.5 and $646.7 4,629.9 3,981.4
Operating lease right-of-use assets 658.7 478.8
Finance receivables, net of allowance for credit losses of $123.4 and $106.4 3,875.2 3,259.9
Goodwill 2,115.5 1,930.6
Franchise value 2,550.3 2,402.2
Other non-current assets 1,526.1 642.0
Total assets 23,127.9 19,632.5
Current liabilities:    
Floor plan notes payable 2,055.1 1,347.0
Floor plan notes payable: non-trade 2,848.0 2,288.5
Current maturities of debt 192.1 109.6
Trade payables 333.7 288.0
Accrued liabilities 1,122.2 899.1
Total current liabilities 6,551.1 4,932.2
Debt, less current maturities 8,170.5 7,155.4
Deferred revenue 414.2 264.1
Deferred income taxes 397.1 349.3
Non-current operating lease liabilities 596.5 427.9
Other long-term liabilities 319.1 220.7
Total liabilities 16,448.5 13,349.6
Redeemable non-controlling interest 0.0 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 26.4 and 27.4 793.1 1,100.6
Additional paid-in capital 107.2 79.9
Accumulated other comprehensive (loss) income (3.6) 20.1
Retained earnings 5,758.8 5,013.3
Total stockholders’ equity - Lithia Motors, Inc. 6,655.5 6,213.9
Non-controlling interest 23.9 25.0
Total equity 6,679.4 6,238.9
Total liabilities, redeemable non-controlling interest and equity 23,127.9 19,632.5
Long-term debt    
Current liabilities:    
Current maturities of debt 134.0 75.7
Debt, less current maturities 6,119.3 5,483.7
Non-recourse notes payable    
Current liabilities:    
Current maturities of debt 58.1 33.9
Debt, less current maturities $ 2,051.2 $ 1,671.7