← LITHIA MOTORS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss (gain) on disposal of other assets | ($4.3m) | ($438k) | $200k | ($100k) | ($1.7m) | ($2.5m) | ($100k) | ($3.8m) | ($8.2m) | $9.3m | — | |
| Net Income (Loss) Attributable to Parent | $197.1m |
$245.2m
+24.44%
|
$265.7m
+8.35%
|
$271.5m
+2.18%
|
$470.3m
+73.22%
|
$1.1b
+125.41%
|
$1.3b
+18.01%
|
$1.0b
-20.00%
|
$802.0m
-19.86%
|
$819.6m
+2.19%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $1.1b | $1.3b | $1.0b | $821.6m | $825.9m | — | |
| Amortization of operating lease right-of-use assets | — | — | $0 | $31.6m | $28.9m | $39.0m | $55.4m | $60.5m | $94.5m | $91.3m | — | |
| Depreciation, Depletion and Amortization | $49.4m | $57.7m | $75.4m | $82.4m | $92.4m | $127.3m | $172.7m | $204.1m | $295.3m | $323.6m | $434.5m | |
| Deferred Income Tax Expense (Benefit) | $10.1m | ($10.2m) | $30.0m | $39.9m | $19.0m | $43.1m | $94.6m | $64.0m | $40.3m | $93.9m | $83.6m | |
| Deferred income taxes | $10.1m | ($2.8m) | $33.0m | $40.1m | $17.2m | $43.1m | $95.2m | $58.7m | $38.2m | $94.7m | $83.6m | |
| Share-based Payment Arrangement, Noncash Expense | $11.0m | $11.3m | $13.3m | $16.2m | $23.2m | $34.7m | $41.1m | $40.8m | $58.4m | $60.3m | $53.0m | |
| Share-based compensation | $11.0m | $11.3m | $13.3m | $16.2m | $23.2m | $34.7m | $41.1m | $40.8m | $58.4m | $60.3m | $53.0m | |
| Asset impairments | $14.0m | $0 | $1.3m | $2.6m | $7.9m | $1.9m | $0 | $0 | $0 | $5.8m | — | |
| Goodwill, Impairment Loss | — | — | — | $1.7m | $3.5m | — | — | — | — | — | $5.8m | |
| Other Nonoperating Income (Expense) | ($6.1m) | $12.2m | $8.8m | $13.8m | $58.9m | ($52.6m) | ($43.2m) | $22.0m | $39.3m | $17.4m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Finance receivables, net | — | — | — | — | ($114.1m) | ($640.8m) | ($1.4b) | ($1.0b) | ($629.4m) | ($878.3m) | — | |
| Restricted cash from collections on finance receivables | — | — | — | — | — | — | $78.6m | $116.4m | $177.1m | $232.6m | — | |
| Trade receivables, net | ($106.0m) | ($57.4m) | $4.7m | $24.4m | ($113.5m) | ($147.1m) | ($131.6m) | ($228.6m) | ($9.8m) | $148.2m | ($842.6m) | |
| Increase (Decrease) in Inventories | $168.8m | $193.1m | $108.9m | $19.7m | ($228.8m) | ($674.6m) | $923.0m | $863.5m | $260.9m | ($33.3m) | ($380.8m) | |
| Inventories | ($168.8m) | ($193.1m) | ($108.9m) | ($19.7m) | $228.8m | $674.6m | ($923.0m) | ($863.5m) | ($260.9m) | $33.3m | ($380.8m) | |
| Increase (Decrease) in Accounts Payable | $16.4m | $20.0m | $15.1m | ($1.8m) | $28.2m | $78.4m | $25.3m | ($19.9m) | $9.0m | ($7.5m) | $105.8m | |
| Trade payables | $16.4m | $20.0m | $15.1m | ($1.8m) | $28.2m | $78.4m | $25.3m | ($19.9m) | $9.0m | ($7.5m) | — | |
| Accrued capital expenditures | $100.8m | $105.4m | $158.0m | $124.9m | $167.8m | $260.4m | $303.1m | $230.2m | $351.4m | $350.9m | — | |
| Accrued liabilities | $42.9m | $37.2m | $28.9m | ($38.0m) | $113.1m | $233.0m | ($2.3m) | $21.2m | $30.8m | $14.8m | ($2.5m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $87.2m | $98.8m | $106.7m | $76.6m | — | |
| Other long-term liabilities and deferred revenue | $27.2m | $19.1m | $25.2m | $18.9m | $15.1m | $39.1m | $50.4m | $18.6m | ($4.2m) | $52.5m | — | |
| Increase (Decrease) in Other Operating Liabilities | $27.2m | $19.1m | $25.2m | $18.9m | $15.1m | $39.1m | $50.4m | $18.6m | ($4.2m) | $52.5m | — | |
| Other assets | ($13.3m) | ($3.1m) | ($16.0m) | $12.0m | ($103.6m) | ($579.8m) | ($138.3m) | ($59.2m) | ($163.4m) | ($225.0m) | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | ($4.0m) | ($45.9m) | $15.4m | $74.6m | — | |
| Net Cash Provided by (Used in) Operating Activities | $86.5m |
$148.9m
+72.06%
|
$519.7m
+249.13%
|
$499.5m
-3.89%
|
$542.2m
+8.55%
|
$1.8b
+231.46%
|
($610.1m)
-133.95%
|
($472.4m)
+22.57%
|
$425.1m
+189.99%
|
$356.7m
-16.09%
|
($148.8m)
-141.72%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $4.3m | $438k | ($200k) | $100k | $1.7m | $2.5m | $100k | $3.8m | $8.2m | ($9.3m) | ($7.7m) | |
| Payments to Acquire Property, Plant, and Equipment | $100.8m | $105.4m | $158.0m | $124.9m | $167.8m | $260.4m | $303.1m | $230.2m | $351.4m | $350.9m | ($355.5m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $0 | $33.1m | ($14.2m) | $14.2m | |
| Net cash used for other investments | ($30.3m) | ($8.6m) | ($62.7m) | ($7.2m) | ($11.2m) | ($10.3m) | ($11.8m) | ($11.1m) | ($354.7m) | ($15.3m) | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | $43.4m | ($66.4m) | ($39.2m) | — | — | — | — | |
| Acquisition of finance leases in connection with acquisitions | — | — | $0 | $0 | $227.5m | $0 | $78.2m | $45.0m | $22.7m | $0 | — | |
| Cash paid for acquisitions, net of cash acquired | ($234.7m) | ($460.4m) | ($373.8m) | ($366.6m) | ($1.5b) | ($2.7b) | ($1.2b) | ($1.2b) | ($1.2b) | ($886.4m) | — | |
| Contingent consideration in connection with acquisitions | — | — | $0 | $0 | $14.3m | $900k | $22.4m | $7.3m | $0 | $0 | — | |
| Debt assumed in connection with acquisitions | $48.1m | $84.3m | $10.8m | $0 | $0 | $4.0m | $700k | $401.6m | $868.1m | $60.7m | — | |
| Non-controlling interest recognized in connection with acquisitions | — | — | — | — | — | $33.1m | $0 | $21.1m | $0 | $0 | — | |
| Payments of contingent consideration related to acquisitions | $0 | $0 | ($800k) | $0 | ($300k) | ($1.4m) | ($7.2m) | ($14.0m) | ($11.7m) | ($9.4m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $234.7m | $460.4m | $373.8m | $366.6m | $1.5b | $2.7b | $1.2b | $1.2b | $1.2b | $886.4m | ($829.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($351.7m) | ($538.2m) | ($557.1m) | ($438.0m) | ($1.6b) | ($2.9b) | ($1.3b) | ($1.3b) | ($1.9b) | ($1.0b) | ($1.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Borrowings on floor plan notes payable: non-trade, net | $252.9m | $241.5m | ($21.9m) | ($54.6m) | ($20.6m) | ($685.3m) | $737.9m | $878.7m | $304.8m | $191.7m | — | |
| Borrowings on lines of credit | $1.2b | $1.8b | $2.7b | $3.2b | $1.8b | $2.8b | $12.2b | $12.7b | $13.7b | $16.2b | — | |
| Floor plan debt paid in connection with store disposals | $5.3m | $3.7m | $33.1m | $18.6m | $38.4m | $8.7m | $29.5m | $27.4m | $20.6m | $41.7m | — | |
| Payment of debt issuance costs | $0 | ($4.7m) | ($400k) | ($5.8m) | ($10.8m) | ($14.7m) | ($11.8m) | ($16.7m) | ($10.7m) | ($16.0m) | — | |
| Principal payments on long-term debt and finance lease liabilities, other | ($27.7m) | ($50.3m) | ($26.1m) | ($11.0m) | ($6.3m) | ($486.5m) | ($171.7m) | ($10.6m) | ($74.3m) | ($15.7m) | — | |
| Principal payments on long-term debt and finance lease liabilities, scheduled | ($16.7m) | ($18.2m) | ($26.5m) | ($26.0m) | ($29.4m) | ($59.3m) | ($51.2m) | ($35.2m) | ($64.9m) | ($40.6m) | — | |
| Proceeds from Issuance of Long-term Debt | $66.5m | $395.9m | $62.1m | $420.3m | $606.5m | $1.2b | $113.3m | $79.8m | $408.2m | $786.8m | $1.7b | |
| Payments for Repurchase of Common Stock | $112.9m | $33.8m | $148.9m | $3.2m | $50.6m | $230.7m | $688.3m | $48.9m | $365.9m | $960.9m | — | |
| Proceeds from Issuance of Common Stock | $6.9m | $7.5m | $10.1m | $11.0m | $790.4m | $1.1b | $36.1m | $29.7m | $27.3m | $27.5m | $27.9m | |
| Repurchase of common stock | ($112.9m) | ($33.8m) | ($148.9m) | ($3.2m) | ($50.6m) | ($230.7m) | ($688.3m) | ($48.9m) | ($365.9m) | ($960.9m) | — | |
| Unsettled repurchases of common stock and excise taxes | — | — | — | — | — | — | $0 | $0 | $100k | $9.1m | — | |
| Dividends paid | $24.1m | $26.5m | $27.7m | $27.6m | $29.1m | $38.8m | $45.2m | $52.8m | $56.5m | $55.3m | ($52.8m) | |
| Payments of Dividends | $24.1m | $26.5m | $27.7m | $27.6m | $29.1m | $38.8m | $45.2m | $52.8m | $56.5m | $55.3m | ($52.8m) | |
| Other financing activities | $0 | ($33.4m) | $0 | $2.4m | $0 | $0 | ($4.4m) | ($7.9m) | $800k | ($69.1m) | — | |
| Net Cash Provided by (Used in) Financing Activities | $270.5m |
$396.3m
+46.54%
|
$11.7m
-97.05%
|
($9.1m)
-177.78%
|
$1.1b
+12624.18%
|
$1.1b
-2.90%
|
$2.0b
+83.96%
|
$2.4b
+18.37%
|
$907.6m
-62.34%
|
$612.1m
-32.56%
|
$1.2b
+92.89%
|
|
| (Decrease) increase in cash and restricted cash | — | $7.0m | ($25.7m) | $52.4m | $76.2m | $16.0m | $93.0m | $700.5m | ($526.2m) | ($54.5m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $52.4m | $76.2m | $16.0m | $93.0m | $700.5m | ($526.2m) | ($54.5m) | $423.3m | |
| Cash and restricted cash at beginning of year | — | $57.3m | $31.6m | $84.0m | $160.2m | $178.5m | $271.5m | $972.0m | $445.8m | $391.3m | — | |
| Cash and restricted cash | — | — | — | — | $162.5m | $174.8m | $246.7m | $941.4m | $402.2m | $341.8m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $84.0m | $160.2m | $178.5m | $271.5m | $972.0m | $445.8m | $391.3m | $423.3m | |
| Cash, restricted cash, and cash equivalents | — | — | — | $84.0m | $162.5m | $174.8m | $168.1m | $825.0m | $225.1m | $109.2m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $0 | $0 | $2.5m | ($3.0m) | $33.4m | ($4.5m) | $4.6m | ($6.1m) | |
| Effect of exchange rate changes on cash and restricted cash | — | — | — | $0 | $0 | $2.5m | ($3.0m) | $33.4m | ($4.5m) | $4.6m | ($6.1m) | |
| Restricted cash on deposit in reserve accounts, included in other non-current assets | — | — | — | $0 | $0 | $3.7m | $24.8m | $30.6m | $43.6m | $49.5m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Floor plan notes payable | $16.4m | $20.3m | $196.9m | $100.7m | ($204.1m) | $116.1m | $273.3m | $363.7m | $194.5m | ($186.1m) | — | |
| Gain (Loss) on Disposition of Business | $1.1m | $5.1m | $15.1m | $9.7m | $16.6m | $0 | $66.0m | $31.2m | $8.2m | $20.3m | — | |
| Goodwill | $259.4m | $256.3m | $434.9m | $454.6m | $593.0m | $977.3m | $1.5b | $1.9b | $2.1b | $2.5b | $5.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $197.1m | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $86.5m | $101.9m | $71.8m | $103.9m | $178.2m | $422.1m | $468.4m | $350.6m | $256.7m | $282.5m | — | |
| Income Taxes Paid, Net | $57.2m | $127.3m | $32.9m | $38.4m | $135.0m | $369.1m | $449.3m | $222.1m | $242.7m | $201.9m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $49.7m | $68.8m | $117.1m | $135.8m | $107.7m | $130.1m | $209.9m | $514.3m | $739.7m | $709.4m | — | |
| Investment loss (gain) | — | — | — | — | — | $66.4m | $39.2m | $0 | ($33.1m) | $14.2m | — | |
| Net gain on disposal of stores | ($1.1m) | ($5.1m) | ($15.1m) | ($9.7m) | ($16.6m) | $0 | ($66.0m) | ($31.2m) | ($8.2m) | ($20.3m) | — | |
| Principal payments on non-recourse notes payable | — | — | — | — | $0 | ($26.8m) | ($193.5m) | ($589.5m) | ($950.2m) | ($1.3b) | — | |
| Proceeds from issuance of non-recourse notes payable | — | — | — | — | $0 | $344.4m | $298.1m | $1.9b | $1.4b | $1.7b | — | |
| Proceeds from sales of assets | $2.2m | $15.2m | $3.1m | $1.5m | $6.5m | $3.3m | $16.6m | $13.2m | $14.5m | $30.7m | — | |
| Proceeds from sales of stores | $11.8m | $20.9m | $34.3m | $46.7m | $57.5m | $76.3m | $212.1m | $142.9m | $85.7m | $194.0m | — | |
| Repayments on lines of credit | ($1.1b) | ($1.8b) | ($2.5b) | ($3.5b) | ($1.9b) | ($2.5b) | ($10.1b) | ($12.4b) | ($13.3b) | ($15.8b) | — | |
| Right-of-use assets obtained in exchange for lease liabilities | — | — | — | $260.3m | $55.4m | $171.8m | $44.7m | $150.0m | $290.2m | $155.1m | — | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.