LITHIA MOTORS INC
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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, 2026 · Filed Oct 28, 2026
LAD$305.82-1.6%Stored close · as of Nov 10, 2026
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Item 1. CONSOLIDATED BALANCE SHEETS
| (In millions; Unaudited) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash, restricted cash, and cash equivalents | $374.0 | $341.8 |
| Accounts receivable, net of allowance for doubtful accounts of $7.7 and $6.9 | 1,132.9 | 1,134.1 |
| Inventories, net | 6,624.3 | 6,119.6 |
| Other current assets | 261.8 | 262.5 |
| Total current assets | 8,393.0 | 7,858.0 |
| Property and equipment, net of accumulated depreciation of $1,136.6 and $1,004.9 | 5,074.7 | 4,936.0 |
| Operating lease right-of-use assets | 681.3 | 717.2 |
| Finance receivables, net of allowance for credit losses of $158.6 and $143.7 | 5,578.6 | 4,755.1 |
| Goodwill | 2,736.1 | 2,476.7 |
| Franchise value | 2,894.6 | 2,777.4 |
| Other non-current assets | 1,477.7 | 1,586.8 |
| Total assets | $26,836.0 | $25,107.2 |
| Liabilities and equity | ||
| Current liabilities: | ||
| Floor plan notes payable | $2,062.6 | $1,992.6 |
| Floor plan notes payable: non-trade | 4,504.2 | 3,016.3 |
| Current maturities of long-term debt | 95.6 | 64.2 |
| Current maturities of non-recourse notes payable | 19.4 | 69.7 |
| Trade payables | 434.5 | 339.5 |
| Accrued liabilities | 1,289.0 | 1,214.4 |
| Total current liabilities | 8,405.3 | 6,696.7 |
| Long-term debt, less current maturities | 6,828.2 | 7,274.9 |
| Non-recourse notes payable, less current maturities | 2,746.3 | 2,404.2 |
| Deferred revenue | 499.4 | 452.7 |
| Deferred income taxes | 595.7 | 516.3 |
| Non-current operating lease liabilities | 619.9 | 662.1 |
| Other long-term liabilities | 500.4 | 471.9 |
| Total liabilities | 20,195.2 | 18,478.8 |
| Equity: | ||
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | — | — |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 21.7 and 23.5 | — | — |
| Additional paid-in capital | — | 18.1 |
| Accumulated other comprehensive income | 37.3 | 67.3 |
| Retained earnings | 6,577.3 | 6,517.8 |
| Total stockholders’ equity - Lithia Motors, Inc. | 6,614.6 | 6,603.2 |
| Non-controlling interest | 26.2 | 25.2 |
| Total equity | 6,640.8 | 6,628.4 |
| Total liabilities and equity | $26,836.0 | $25,107.2 |
| CONSOLIDATED FINANCIAL STATEMENTS | 3 |
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