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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash, restricted cash, and cash equivalents $ 404.4 $ 402.2
Accounts receivable, net of allowance for doubtful accounts of $6.0 and $2.3 1,235.3 1,237.0
Inventories, net 6,061.9 5,911.7
Other current assets 240.2 223.0
Total current assets 7,941.8 7,773.9
Property and equipment, net of accumulated depreciation of $920.2 and $825.5 4,727.7 4,629.9
Operating lease right-of-use assets 671.1 658.7
Finance receivables, net of allowance for estimated losses of $135.1 and $123.4 4,309.5 3,868.2
Goodwill 2,453.3 2,115.5
Franchise value 2,788.5 2,550.3
Other non-current assets 1,269.1 1,526.1
Total assets 24,161.0 23,122.6
Current liabilities:    
Floor plan notes payable 2,163.3 2,055.1
Floor plan notes payable: non-trade 2,724.7 2,848.0
Trade payables 371.4 333.7
Accrued liabilities 1,176.8 1,122.2
Total current liabilities 6,513.5 6,551.1
Deferred revenue 446.9 414.2
Deferred income taxes 491.2 397.1
Non-current operating lease liabilities 609.7 596.5
Other long-term liabilities 363.8 319.1
Total liabilities 17,150.0 16,448.5
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 25.7 and 26.4 568.8 793.1
Additional paid-in capital 110.2 107.2
Accumulated other comprehensive income (loss) 116.6 (3.6)
Retained earnings 6,190.9 5,753.5
Total stockholders’ equity - Lithia Motors, Inc. 6,986.5 6,650.2
Non-controlling interest 24.5 23.9
Total equity 7,011.0 6,674.1
Total liabilities, non-controlling interest, and equity 24,161.0 23,122.6
Long-term debt    
Current liabilities:    
Current maturities of debt 70.9 134.0
Debt, less current maturities 6,689.3 6,119.3
Non-recourse notes payable    
Current liabilities:    
Current maturities of debt 6.4 58.1
Debt, less current maturities $ 2,035.6 $ 2,051.2