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 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| New vehicle retail | 17,553.8a | 15,154.2a | 12,894.5a |
| Used vehicle retail | 11,268.5a | 9,570.2a | 9,425a |
| Used vehicle wholesale | 1,359a | 1,325.3a | 1,425.2a |
| Finance and insurance | 1,417.7a | 1,337a | 1,285.4a |
| Aftersales | 3,801.5a | 3,197.1a | 2,738.8a |
| Fleet and other | 787.7a | 458.5a | 418.9a |
| Total revenues | 36,188.2a | 31,042.3a | 28,187.8a |
| Cost of sales | — | — | — |
| New vehicle retail | -16,324.1a | -13,760.1a | -11,314.8a |
| Used vehicle retail | -10,539.9a | -8,848.8a | -8,599.6a |
| Used vehicle wholesale | -1,365.3a | -1,343.7a | -1,440.6a |
| Aftersales | -1,678.5a | -1,445.7a | -1,275.8a |
| Fleet and other | -719.4a | -415.1a | -404.6a |
| Total cost of sales | -30,627.2a | -25,813.4a | -23,035.4a |
| Gross profit | 5,561a | 5,228.9a | 5,152.4a |
| Financing operations income (loss) | 15.4a | -45.9a | -4a |
| Selling, general and administrative | -3,755.2a | -3,294.8a | -3,044.1a |
| Depreciation and amortization | -245.6a | -195.8a | -163.2a |
| Operating income | 1,575.6a | 1,692.4a | 1,941.1a |
| Floor plan interest expense | -278.8a | -150.9a | -38.8a |
| Other interest expense | -257.8a | -201.2a | -129.1a |
| Other income (expense), net | 39.3a | 22a | -43.2a |
| Income before income taxes | 1,078.3a | 1,362.3a | 1,730a |
| Income tax provision | -256.7a | -350.6a | -468.4a |
| Net income | 821.6a | 1,011.7a | 1,261.6a |
| Net income attributable to non-controlling interests | -4.8a | -6.5a | -4.8a |
| Net income attributable to redeemable non-controlling interest | -14.8a | -4.4a | -5.8a |
| Net income attributable to Lithia Motors, Inc. | 802a | 1,000.8a | 1,251a |
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