SONIC AUTOMOTIVE INC
For the period ended Sep 30, 2024. Filed Oct 24, 2024.
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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, 2024 · Filed Oct 24, 2024
SAH$62.22-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Dollars in millions, except per share amounts) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $17.6 | $28.9 |
| Receivables, net | 436.6 | 528.1 |
| Inventories | 1,918.8 | 1,578.3 |
| Other current assets | 438.4 | 385.1 |
| Total current assets | 2,811.4 | 2,520.4 |
| Property and Equipment, net | 1,602.9 | 1,601.0 |
| Goodwill | 347.1 | 253.8 |
| Other Intangible Assets, net | 417.4 | 417.4 |
| Operating Right-of-Use Lease Assets | 205.2 | 222.6 |
| Finance Right-of-Use Lease Assets | 293.9 | 236.6 |
| Other Assets | 80.3 | 112.8 |
| Total Assets | $5,758.2 | $5,364.6 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Notes payable - floor plan - trade | $159.9 | $152.1 |
| Notes payable - floor plan - non-trade | 1,675.2 | 1,520.6 |
| Trade accounts payable | 148.5 | 149.8 |
| Operating short-term lease liabilities | 25.6 | 29.9 |
| Finance short-term lease liabilities | 11.0 | 10.2 |
| Other accrued liabilities | 400.6 | 370.2 |
| Current maturities of long-term debt | 117.7 | 60.1 |
| Total current liabilities | 2,538.5 | 2,292.9 |
| Long-Term Debt | 1,578.2 | 1,616.5 |
| Other Long-Term Liabilities | 106.9 | 89.6 |
| Operating Long-Term Lease Liabilities | 200.8 | 219.2 |
| Finance Long-Term Lease Liabilities | 318.8 | 254.5 |
| Commitments and Contingencies | ||
| Stockholders’ Equity: | ||
| Class A Convertible Preferred Stock, none issued | — | — |
| Class A Common Stock, $0.01 par value; 100,000,000 shares authorized; 69,344,295 shares issued and 22,155,687 shares outstanding at September 30, 2024; 68,618,393 shares issued and 21,931,785 shares outstanding at December 31, 2023 | 0.7 | 0.7 |
| Class B Common Stock, $0.01 par value; 30,000,000 shares authorized; 12,029,375 shares issued and outstanding at September 30, 2024 and December 31, 2023 | 0.1 | 0.1 |
| Paid-in capital | 878.2 | 855.4 |
| Retained earnings | 1,365.3 | 1,238.6 |
| Accumulated other comprehensive income (loss) | 2.3 | 1.6 |
| Treasury stock, at cost; 47,188,608 Class A Common Stock shares held at September 30, 2024 and 46,686,608 Class A Common Stock shares held at December 31, 2023 | (1,231.6) | (1,204.5) |
| Total Stockholders’ Equity | 1,015.0 | 891.9 |
| Total Liabilities and Stockholders’ Equity | $5,758.2 | $5,364.6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.