SONIC AUTOMOTIVE INC
For the period ended Mar 31, 2025. Filed Apr 24, 2025.
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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.
Mar 31, 2025 · Filed Apr 24, 2025
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
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Dollars in millions, except per share amounts) | ||
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $64.6 | $44.0 |
| Receivables, net | 514.7 | 495.9 |
| Inventories | 1,876.7 | 1,957.7 |
| Other current assets | 411.7 | 387.9 |
| Total current assets | 2,867.7 | 2,885.5 |
| Property and Equipment, net | 1,615.1 | 1,606.9 |
| Goodwill | 358.2 | 358.5 |
| Other Intangible Assets, net | 429.6 | 430.3 |
| Operating Right-of-Use Lease Assets | 220.0 | 224.3 |
| Finance Right-of-Use Lease Assets | 311.4 | 317.2 |
| Other Assets | 73.7 | 73.0 |
| Total Assets | $5,875.7 | $5,895.7 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Notes payable - floor plan - trade | $156.6 | $165.6 |
| Notes payable - floor plan - non-trade | 1,727.8 | 1,773.7 |
| Trade accounts payable | 179.5 | 172.0 |
| Operating short-term lease liabilities | 25.8 | 25.6 |
| Finance short-term lease liabilities | 12.1 | 11.9 |
| Other accrued liabilities | 439.6 | 412.8 |
| Current maturities of long-term debt | 85.3 | 76.1 |
| Total current liabilities | 2,626.7 | 2,637.7 |
| Long-Term Debt | 1,485.2 | 1,511.9 |
| Other Long-Term Liabilities | 115.9 | 119.7 |
| Operating Long-Term Lease Liabilities | 215.7 | 220.1 |
| Finance Long-Term Lease Liabilities | 341.4 | 344.0 |
| 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; 69,741,167 shares issued and 21,899,810 shares outstanding at March 31, 2025; 69,396,726 shares issued and 22,084,634 shares outstanding at December 31, 2024 | 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 March 31, 2025 and December 31, 2024 | 0.1 | 0.1 |
| Paid-in capital | 890.6 | 884.6 |
| Retained earnings | 1,470.7 | 1,412.0 |
| Accumulated other comprehensive income (loss) | 2.9 | 3.8 |
| Treasury stock, at cost; 47,841,357 Class A Common Stock shares held at March 31, 2025 and 47,312,092 Class A Common Stock shares held at December 31, 2024 | (1,274.2) | (1,238.9) |
| Total Stockholders’ Equity | 1,090.8 | 1,062.3 |
| Total Liabilities and Stockholders’ Equity | $5,875.7 | $5,895.7 |
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