GROUP 1 AUTOMOTIVE INC

For the period ended Dec 31, 2023. Filed Feb 14, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 14, 2024

GPI$268.46+2.7%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In millions, except share data)

	As of December 31,
	2023	2022
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$57.2	$47.9
Contracts-in-transit and vehicle receivables, net	369.2	278.5
Accounts and notes receivables, net	238.4	199.2
Inventories	1,963.4	1,356.6
Prepaid expenses	38.9	30.5
Other current assets	25.1	19.1
Current assets classified as held for sale	99.1	53.6
TOTAL CURRENT ASSETS	2,791.3	1,985.3
Property and equipment, net	2,248.7	2,128.2
Operating lease assets	216.5	249.1
Goodwill	1,651.9	1,661.8
Intangible franchise rights	701.2	516.3
Other long-term assets	164.6	176.8
TOTAL ASSETS	$7,774.1	$6,717.5
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $236.7 and $140.2, respectively	$1,153.0	$762.1
Floorplan notes payable — manufacturer affiliates, net of offset account of $38.5 and $13.4, respectively	412.4	243.1
Current maturities of long-term debt	109.4	130.3
Current operating lease liabilities	20.9	21.8
Accounts payable	499.3	488.0
Accrued expenses and other current liabilities	303.4	271.5
Current liabilities classified as held for sale	7.2	4.8
TOTAL CURRENT LIABILITIES	2,505.7	1,921.4
Long-term debt	1,989.4	1,952.2
Long-term operating lease liabilities	209.4	238.4
Deferred income taxes	256.6	238.1
Other long-term liabilities	138.6	129.8
Commitments and Contingencies (Note 17)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value, 1,000,000 shares authorized; none issued or outstanding	—	—
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,131,460 and 25,232,620 issued, respectively	0.3	0.3
Additional paid-in capital	349.1	338.7
Retained earnings	3,649.8	3,073.6
Accumulated other comprehensive income (loss)	28.1	22.5
Treasury stock, at cost; 11,447,422 and 10,940,298 shares, respectively	(1,352.8)	(1,197.5)
TOTAL STOCKHOLDERS’ EQUITY	2,674.4	2,237.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$7,774.1	$6,717.5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.