XML 57 R38.htm IDEA: XBRL DOCUMENT v3.25.1
ACQUISITIONS (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Pro Forma Summary Revenue and operating income contributed by the 2025 acquisitions subsequent to the date of acquisition were as
follows (in millions):
Three Months Ended March 31,
2025
Revenue
$16.8
Operating income
0.8
The following unaudited pro forma summary presents consolidated information as if all acquisitions in the three-
month periods ended March 31, 2025 and 2024 had occurred on January 1, 2024:
Three Months Ended March 31,
(in millions, except per share amounts)
2025
2024
Revenue
$9,191.6
$8,590.4
Net income attributable to Lithia Motors, Inc.
211.3
165.4
Basic EPS attributable to Lithia Motors, Inc. common stockholders
8.03
6.01
Diluted EPS attributable to Lithia Motors, Inc. common stockholders
8.01
6.00
Schedule of Assets Acquired and Liabilities Assumed The following tables summarize the consideration paid for the 2025 acquisitions and the PPA for identified assets
acquired and liabilities assumed as of the acquisition date:
(in millions)
Consideration
Cash paid, net of cash acquired
$84.5
Total consideration transferred
$84.5
(in millions)
Assets Acquired
and Liabilities
Assumed
Inventories, net
$14.5
Property and equipment
21.9
Operating lease right-of-use assets
0.2
Other assets
48.1
Operating lease liabilities
(0.2)
Total net assets acquired and liabilities assumed
$84.5