Below are the financial statements of Lithia Motors, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Current assets | — | — |
| Cash, restricted cash, and cash equivalents | 402.2a | 941.4a |
| Accounts receivable, net of allowance for doubtful accounts of $2.3 and $7.1 | 1,237a | 1,105.5a |
| Inventories, net | 5,911.7a | 4,753.9a |
| Other current assets | 221.3a | 136.8a |
| Total current assets | 7,772.2a | 6,937.6a |
| Assets | — | — |
| Property and equipment, net of accumulated depreciation of $825.5 and $646.7 | 4,629.9a | 3,981.4a |
| Operating lease right-of-use assets | 658.7a | 478.8a |
| Finance receivables, net of allowance for credit losses of $123.4 and $106.4 | 3,875.2a | 3,259.9a |
| Goodwill | 2,115.5a | 1,930.6a |
| Franchise value | 2,550.3a | 2,402.2a |
| Other non-current assets | 1,526.1a | 642a |
| Total assets | 23,127.9a | 19,632.5a |
| Current liabilities | — | — |
| Floor plan notes payable | 2,055.1a | 1,347a |
| Floor plan notes payable: non-trade | 2,848a | 2,288.5a |
| Current maturities of long-term debt | 134a | 75.7a |
| Current maturities of non-recourse notes payable | 58.1a | 33.9a |
| Trade payables | 333.7a | 288a |
| Accrued liabilities | 1,122.2a | 899.1a |
| Total current liabilities | 6,551.1a | 4,932.2a |
| Liabilities and equity | — | — |
| Long-term debt, less current maturities | 6,119.3a | 5,483.7a |
| Non-recourse notes payable, less current maturities | 2,051.2a | 1,671.7a |
| Deferred revenue | 414.2a | 264.1a |
| Deferred income taxes | 397.1a | 349.3a |
| Non-current operating lease liabilities | 596.5a | 427.9a |
| Other long-term liabilities | 319.1a | 220.7a |
| Total liabilities | 16,448.5a | 13,349.6a |
| Redeemable non-controlling interest | 0a | 44a |
| Equity | — | — |
| Preferred stock | 0a | 0a |
| Common stock | 793.1a | 1,100.6a |
| Additional paid-in capital | 107.2a | 79.9a |
| Accumulated other comprehensive (loss) income | -3.6a | 20.1a |
| Retained earnings | 5,758.8a | 5,013.3a |
| Total stockholders’ equity | 6,655.5a | 6,213.9a |
| Non-controlling interest | 23.9a | 25a |
| Total equity | 6,679.4a | 6,238.9a |
| Total liabilities, redeemable non-controlling interest and equity | 23,127.9a | 19,632.5a |
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