ASBURY AUTOMOTIVE GROUP INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 26, 2025
ABG$206.38-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(In millions, except par value and share data)
| As of December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $69.4 | $45.7 |
| Short-term investments | 14.4 | 6.2 |
| Contracts-in-transit, net | 263.8 | 279.7 |
| Accounts receivable, net | 285.5 | 226.1 |
| Inventories, net | 1,978.8 | 1,768.3 |
| Assets held for sale | 174.4 | 342.2 |
| Other current assets | 351.7 | 388.9 |
| Total current assets | 3,137.9 | 3,057.1 |
| INVESTMENTS | 334.2 | 326.7 |
| PROPERTY AND EQUIPMENT, net | 2,550.7 | 2,315.7 |
| OPERATING LEASE RIGHT-OF-USE ASSETS | 220.1 | 241.8 |
| GOODWILL | 2,044.7 | 2,009.0 |
| INTANGIBLE FRANCHISE RIGHTS | 1,911.7 | 2,095.8 |
| OTHER LONG-TERM ASSETS | 137.8 | 113.3 |
| Total assets | $10,337.0 | $10,159.4 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Floor plan notes payable—trade, net | $349.9 | $195.1 |
| Floor plan notes payable—non-trade, net | 1,344.8 | 1,590.6 |
| Current maturities of long-term debt | 114.7 | 84.9 |
| Current maturities of operating leases | 28.1 | 26.2 |
| Accounts payable and accrued liabilities | 761.4 | 748.1 |
| Deferred revenue—current | 235.5 | 228.6 |
| Liabilities associated with assets held for sale | 1.9 | 2.1 |
| Total current liabilities | 2,836.3 | 2,875.7 |
| LONG-TERM DEBT | 3,023.9 | 3,121.2 |
| LONG-TERM LEASE LIABILITY | 200.0 | 222.1 |
| DEFERRED REVENUE | 530.5 | 508.1 |
| DEFERRED INCOME TAXES | 187.7 | 136.4 |
| OTHER LONG-TERM LIABILITIES | 56.4 | 51.7 |
| COMMITMENTS AND CONTINGENCIES (Note 21) | ||
| SHAREHOLDERS' EQUITY: | ||
| Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, $.01 par value, 90,000,000 shares authorized; 41,649,426 and 42,352,001 shares issued, including shares held in treasury, respectively | 0.4 | 0.4 |
| Additional paid-in capital | 1,305.1 | 1,288.4 |
| Retained earnings | 3,218.9 | 2,961.5 |
| Treasury stock, at cost; 22,065,478 and 22,018,537 shares, respectively | (1,079.2) | (1,067.3) |
| Accumulated other comprehensive income | 56.8 | 61.1 |
| Total shareholders' equity | 3,502.1 | 3,244.1 |
| Total liabilities and shareholders' equity | $10,337.0 | $10,159.4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.