LITHIA MOTORS INC
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 24, 2025
LAD$305.82-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. CONSOLIDATED BALANCE SHEETS
| (In millions; Unaudited) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash, restricted cash, and cash equivalents | $417.1 | $402.2 |
| Accounts receivable, net of allowance for doubtful accounts of $6.7 and $2.3 | 1,212.8 | 1,237.0 |
| Inventories, net | 5,941.7 | 5,911.7 |
| Other current assets | 354.3 | 223.0 |
| Total current assets | 7,925.9 | 7,773.9 |
| Property and equipment, net of accumulated depreciation of $957.9 and $825.5 | 4,784.0 | 4,629.9 |
| Operating lease right-of-use assets | 629.9 | 658.7 |
| Finance receivables, net of allowance for estimated losses of $139.8 and $123.4 | 4,544.9 | 3,868.2 |
| Goodwill | 2,440.1 | 2,115.5 |
| Franchise value | 2,771.8 | 2,550.3 |
| Other non-current assets | 1,422.5 | 1,526.1 |
| Total assets | $24,519.1 | $23,122.6 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Floor plan notes payable | $1,964.1 | $2,055.1 |
| Floor plan notes payable: non-trade | 2,904.8 | 2,848.0 |
| Current maturities of long-term debt | 58.1 | 134.0 |
| Current maturities of non-recourse notes payable | 49.8 | 58.1 |
| Trade payables | 336.7 | 333.7 |
| Accrued liabilities | 1,212.5 | 1,122.2 |
| Total current liabilities | 6,526.0 | 6,551.1 |
| Long-term debt, less current maturities | 6,965.8 | 6,119.3 |
| Non-recourse notes payable, less current maturities | 2,195.9 | 2,051.2 |
| Deferred revenue | 543.3 | 414.2 |
| Deferred income taxes | 530.6 | 397.1 |
| Non-current operating lease liabilities | 583.2 | 596.5 |
| Other long-term liabilities | 380.7 | 319.1 |
| Total liabilities | 17,725.5 | 16,448.5 |
| Equity: | ||
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | — | — |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 24.4 and 26.4 | 165.4 | 793.1 |
| Additional paid-in capital | 122.6 | 107.2 |
| Accumulated other comprehensive income (loss) | 86.6 | (3.6) |
| Retained earnings | 6,394.1 | 5,753.5 |
| Total stockholders’ equity - Lithia Motors, Inc. | 6,768.7 | 6,650.2 |
| Non-controlling interest | 24.9 | 23.9 |
| Total equity | 6,793.6 | 6,674.1 |
| Total liabilities, non-controlling interest, and equity | $24,519.1 | $23,122.6 |
| CONSOLIDATED FINANCIAL STATEMENTS | 3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.