GROUP 1 AUTOMOTIVE INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
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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Consolidated Balance Sheets
(In millions, except share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $34.4 | $57.2 |
| Contracts-in-transit and vehicle receivables, net | 360.1 | 369.2 |
| Accounts and notes receivables, net | 303.0 | 238.4 |
| Inventories | 2,636.8 | 1,963.4 |
| Prepaid expenses | 67.9 | 38.9 |
| Other current assets | 18.8 | 25.1 |
| Current assets classified as held for sale | 76.2 | 99.1 |
| TOTAL CURRENT ASSETS | 3,497.3 | 2,791.3 |
| Property and equipment, net | 2,856.5 | 2,248.7 |
| Operating lease assets | 315.3 | 216.5 |
| Goodwill | 2,057.9 | 1,651.9 |
| Intangible franchise rights | 948.1 | 701.2 |
| Other long-term assets | 149.1 | 164.6 |
| TOTAL ASSETS | $9,824.2 | $7,774.1 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Floorplan notes payable — credit facility and other, net of offset account of $286.3 and $236.7, respectively | $1,255.3 | $1,153.0 |
| Floorplan notes payable — manufacturer affiliates, net of offset account of $2.0 and $38.5, respectively | 766.7 | 412.4 |
| Current maturities of long-term debt | 175.3 | 109.4 |
| Current operating lease liabilities | 25.8 | 20.9 |
| Accounts payable | 738.0 | 499.3 |
| Accrued expenses and other current liabilities | 418.6 | 303.4 |
| Current liabilities classified as held for sale | 17.1 | 7.2 |
| TOTAL CURRENT LIABILITIES | 3,396.8 | 2,505.7 |
| Long-term debt | 2,737.9 | 1,989.4 |
| Long-term operating lease liabilities | 276.2 | 209.4 |
| Deferred income taxes | 295.8 | 256.6 |
| Other long-term liabilities | 143.3 | 138.6 |
| Commitments and Contingencies (Note 18) | ||
| 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; 24,989,807 and 25,131,460 issued, respectively | 0.2 | 0.3 |
| Additional paid-in capital | 356.1 | 349.1 |
| Retained earnings | 4,122.4 | 3,649.8 |
| Accumulated other comprehensive income (loss) | 1.6 | 28.1 |
| Treasury stock, at cost; 11,711,022 and 11,447,422 shares, respectively | (1,506.2) | (1,352.8) |
| TOTAL STOCKHOLDERS’ EQUITY | 2,974.3 | 2,674.4 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $9,824.2 | $7,774.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.