Lithia Motors Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Lithia Motors Inc. reported revenue of $37.6B (+4.0% year on year) and net income of $825.9M (+0.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $37.6B | $36.2B | $31.0B | $28.2B |
| Total cost of sales | $31.9B | $30.6B | $25.8B | $23.0B |
| Gross profit | $5.7B | $5.6B | $5.2B | $5.2B |
| Financing operations income (loss) | $74.6M | $15.4M | ($45.9M) | ($4.0M) |
| Asset impairments | $5.8M | — | $0 | $0 |
| Selling, general and administrative | $3.9B | $3.8B | $3.3B | $3.0B |
| Depreciation and amortization | $262.4M | $245.6M | $195.8M | $163.2M |
| Operating income | $1.6B | $1.6B | $1.7B | $1.9B |
| Floor plan interest expense | ($228.2M) | ($278.8M) | ($150.9M) | ($38.8M) |
| Other interest expense | ($275.5M) | ($257.8M) | ($201.2M) | ($129.1M) |
| Other income, net | $17.4M | $39.3M | $22.0M | ($43.2M) |
| Income before income taxes | $1.1B | $1.1B | $1.4B | $1.7B |
| Income tax provision | ($282.5M) | ($256.7M) | ($350.6M) | ($468.4M) |
| Net income | $825.9M | $821.6M | $1.0B | $1.3B |
| Net income attributable to non-controlling interests | ($6.3M) | ($4.8M) | ($6.5M) | ($4.8M) |
| Net income attributable to redeemable non-controlling interest | $0 | ($14.8M) | ($4.4M) | ($5.8M) |
| Net income attributable to Lithia Motors, Inc. | $819.6M | $802.0M | $1.0B | $1.3B |
| Basic earnings per share attributable to Lithia Motors, Inc. (in dollars per share) | $32.38 | $29.71 | $36.36 | $44.38 |
| Shares used in basic per share calculations (in shares) | $25300000.00 | $27000000.00 | $27500000.00 | $28200000.00 |
| Diluted earnings per share attributable to Lithia Motors, Inc. (in dollars per share) | $32.32 | $29.65 | $36.29 | $44.17 |
| Shares used in diluted per share calculations (in shares) | $25400000.00 | $27100000.00 | $27600000.00 | $28300000.00 |
| Cash dividend paid per share (in dollars per share) | $2.18 | $2.09 | $1.92 | $1.61 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $9.8B | $9.3B | $9.7B | $9.6B |
| Total cost of sales | $8.3B | $7.8B | $8.2B | $8.1B |
| Gross profit | $1.5B | $1.4B | $1.5B | $1.5B |
| Finance operations income | $36.5M | $21.3M | $19.1M | $20.1M |
| Selling, general and administrative | $1.0B | $1.0B | $998.0M | $1.0B |
| Depreciation and amortization | $70.9M | $69.8M | $65.5M | $65.2M |
| Operating profit | $448.3M | $335.8M | $421.6M | $425.3M |
| Floor plan interest expense | ($69.7M) | ($55.9M) | ($57.8M) | ($55.0M) |
| Other interest expense, net | ($62.7M) | ($70.3M) | ($68.3M) | ($66.7M) |
| Other income (expense), net | $36.2M | ($67.6M) | ($13.3M) | $48.5M |
| Income before income taxes | $352.1M | $142.0M | $282.2M | $352.1M |
| Income tax provision | ($90.5M) | ($40.0M) | ($63.6M) | ($93.9M) |
| Net income | $261.6M | $102.0M | $218.6M | $258.2M |
| Net income attributable to non-controlling interest | ($1.6M) | ($1.6M) | ($1.5M) | ($2.1M) |
| Net income attributable to Lithia Motors, Inc. | $260.0M | $100.4M | $217.1M | $256.1M |
| Basic earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) | $11.56 | $4.29 | $8.63 | $9.89 |
| Shares used in basic per share calculations (in shares) | $22500000.00 | $23400000.00 | $25200000.00 | $25900000.00 |
| Diluted earnings per share attributable to Lithia Motors, Inc. common stockholders (in dollars per share) | $11.54 | $4.28 | $8.61 | $9.87 |
| Shares used in diluted per share calculations (in shares) | $22500000.00 | $23400000.00 | $25200000.00 | $25900000.00 |
| Cash dividends paid per share (in dollars per share) | $0.57 | $0.55 | $0.55 | $0.55 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash, restricted cash, and cash equivalents | $341.8M | $402.2M | — | — |
| Accounts receivable, net of allowance for doubtful accounts of $6.9 and $2.3 | $1.1B | $1.2B | $1.1B | $813.1M |
| Inventories, net | $6.1B | $5.9B | $4.8B | $3.4B |
| Other current assets | $262.5M | $221.3M | $136.8M | $161.7M |
| Total current assets | $7.9B | $7.8B | $7.0B | $4.6B |
| Property and equipment, net of accumulated depreciation of $1,004.9 and $825.5 | $4.9B | $4.6B | $4.0B | $3.6B |
| Operating lease right-of-use assets | $717.2M | $658.7M | $478.8M | $381.9M |
| Finance receivables, net of allowance for credit losses of $143.7 and $123.4 | $4.8B | $3.9B | $3.2B | $2.2B |
| Goodwill | $2.5B | $2.1B | $1.9B | $1.5B |
| Franchise value | $2.8B | $2.6B | $2.4B | $1.9B |
| Other non-current assets | $1.6B | $1.5B | $642.0M | $914.7M |
| Total assets | $25.1B | $23.1B | $19.6B | $15.0B |
| Floor plan notes payable | $2.0B | $2.1B | $1.3B | $627.2M |
| Floor plan notes payable: non-trade | $3.0B | $2.8B | $2.3B | $1.5B |
| Current maturities of debt | $133.9M | $192.1M | $109.6M | $20.5M |
| Trade payables | $339.5M | $333.7M | $288.0M | $258.4M |
| Accrued liabilities | $1.2B | $1.1B | $899.1M | $782.7M |
| Total current liabilities | $6.7B | $6.6B | $4.9B | $3.2B |
| Debt, less current maturities | $9.7B | $8.2B | $7.2B | $5.5B |
| Deferred revenue | $452.7M | $414.2M | $264.1M | $226.7M |
| Deferred income taxes | $516.3M | $397.1M | $349.3M | $286.3M |
| Non-current operating lease liabilities | $662.1M | $596.5M | $427.9M | $346.6M |
| Other long-term liabilities | $471.9M | $319.1M | $220.7M | $207.2M |
| Total liabilities | $18.5B | $16.4B | $13.3B | $9.8B |
| Redeemable non-controlling interest | $0 | $0 | $44.0M | $40.7M |
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | 0 | 0 | 0 | 0 |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 23.5 and 26.4 | 0 | 793.1M | 1.1B | 1.1B |
| Additional paid-in capital | $18.1M | $107.2M | $79.9M | $76.8M |
| Accumulated other comprehensive income (loss) | $67.3M | ($3.6M) | $20.1M | ($18.0M) |
| Retained earnings | $6.5B | $5.8B | $5.0B | $4.1B |
| Total stockholders’ equity - Lithia Motors, Inc. | $6.6B | $6.7B | $6.2B | $5.2B |
| Non-controlling interest | $25.2M | $23.9M | $25.0M | $4.2M |
| Total equity | $6.6B | $6.7B | $6.2B | $5.2B |
| Total liabilities, redeemable non-controlling interest and equity | $25.1B | $23.1B | $19.6B | $15.0B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, restricted cash, and cash equivalents | $363.9M | $421.3M | $417.1M | $404.4M |
| Accounts receivable, net of allowance for doubtful accounts of $5.7 and $6.9 | $1.1B | $1.3B | $1.2B | $1.2B |
| Inventories, net | $6.5B | $6.2B | $5.9B | $6.1B |
| Other current assets | $267.7M | $275.9M | $354.3M | $240.2M |
| Total current assets | $8.3B | $8.2B | $7.9B | $7.9B |
| Property and equipment, net of accumulated depreciation of $1,094.9 and $1,004.9 | $5.0B | $5.0B | $4.8B | $4.7B |
| Operating lease right-of-use assets | $710.3M | $708.1M | $629.9M | $671.1M |
| Finance receivables, net of allowance for credit losses of $153.4 and $143.7 | $5.3B | $5.0B | $4.5B | $4.3B |
| Goodwill | $2.5B | $2.5B | $2.4B | $2.5B |
| Franchise value | $2.8B | $2.8B | $2.8B | $2.8B |
| Other non-current assets | $1.6B | $1.6B | $1.4B | $1.3B |
| Total assets | $26.2B | $25.7B | $24.5B | $24.2B |
| Floor plan notes payable | $2.0B | $1.9B | $2.0B | $2.2B |
| Floor plan notes payable: non-trade | $4.4B | $4.4B | $2.9B | $2.7B |
| Current maturities of debt | $145.5M | $178.6M | $107.9M | $77.3M |
| Trade payables | $486.9M | $489.3M | $336.7M | $371.4M |
| Accrued liabilities | $1.2B | $1.2B | $1.2B | $1.2B |
| Total current liabilities | $8.2B | $8.2B | $6.5B | $6.5B |
| Debt, less current maturities | $9.4B | $9.0B | $9.2B | $8.7B |
| Deferred revenue | $482.0M | $466.6M | $543.3M | $446.9M |
| Deferred income taxes | $566.6M | $531.3M | $530.6M | $491.2M |
| Non-current operating lease liabilities | $650.6M | $651.8M | $583.2M | $609.7M |
| Other long-term liabilities | $490.5M | $476.2M | $380.7M | $363.8M |
| Total liabilities | $19.8B | $19.3B | $17.7B | $17.1B |
| Preferred stock - no par value; authorized 15.0 shares; none outstanding | 0 | 0 | 0 | 0 |
| Common stock - no par value; authorized 125.0 shares; issued and outstanding 22.0 and 23.5 | 0 | 0 | 165.4M | 568.8M |
| Additional paid-in capital | $0 | $0 | $122.6M | $110.2M |
| Accumulated other comprehensive income | $37.8M | $42.1M | $86.6M | $116.6M |
| Retained earnings | $6.4B | $6.3B | $6.4B | $6.2B |
| Total stockholders’ equity - Lithia Motors, Inc. | $6.4B | $6.4B | $6.8B | $7.0B |
| Non-controlling interest | $25.3M | $25.3M | $24.9M | $24.5M |
| Total equity | $6.4B | $6.4B | $6.8B | $7.0B |
| Total liabilities and equity | $26.2B | $25.7B | $24.5B | $24.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $825.9M | $821.6M | $1.0B | $1.3B |
| Asset impairments | $5.8M | — | $0 | $0 |
| Depreciation and amortization | $323.6M | $295.3M | $204.1M | $172.7M |
| Share-based compensation | $60.3M | $58.4M | $40.8M | $41.1M |
| Net loss (gain) on disposal of other assets | $9.3M | ($8.2M) | ($3.8M) | ($100.0K) |
| Net gain on disposal of stores | ($20.3M) | ($8.2M) | ($31.2M) | ($66.0M) |
| Investment loss (gain) | $14.2M | ($33.1M) | $0 | — |
| Deferred income taxes | $94.7M | $38.2M | $58.7M | $95.2M |
| Amortization of operating lease right-of-use assets | $91.3M | $94.5M | $60.5M | $55.4M |
| Trade receivables, net | $148.2M | ($9.8M) | ($228.6M) | ($131.6M) |
| Inventories | $33.3M | ($260.9M) | ($863.5M) | ($923.0M) |
| Finance receivables, net | ($878.3M) | ($629.4M) | ($1.0B) | ($1.4B) |
| Other assets | ($225.0M) | ($163.4M) | ($59.2M) | ($138.3M) |
| Floor plan notes payable | ($186.1M) | $194.5M | $363.7M | $273.3M |
| Trade payables | ($7.5M) | $9.0M | ($19.9M) | $25.3M |
| Accrued liabilities | $14.8M | $30.8M | $21.2M | ($2.3M) |
| Other long-term liabilities and deferred revenue | $52.5M | ($4.2M) | $18.6M | $50.4M |
| Net cash provided by (used in) operating activities | $356.7M | $425.1M | ($472.4M) | ($610.1M) |
| Capital expenditures | ($350.9M) | ($351.4M) | ($230.2M) | ($303.1M) |
| Proceeds from sales of assets | $30.7M | $14.5M | $13.2M | $16.6M |
| Net cash used for other investments | ($15.3M) | ($354.7M) | ($11.1M) | ($11.8M) |
| Cash paid for acquisitions, net of cash acquired | ($886.4M) | ($1.2B) | ($1.2B) | ($1.2B) |
| Proceeds from sales of stores | $194.0M | $85.7M | $142.9M | $212.1M |
| Net cash used in investing activities | ($1.0B) | ($1.9B) | ($1.3B) | ($1.3B) |
| Borrowings on floor plan notes payable: non-trade, net | $191.7M | $304.8M | $878.7M | — |
| Borrowings on lines of credit | $16.2B | $13.7B | $12.7B | $12.2B |
| Repayments on lines of credit | ($15.8B) | ($13.3B) | ($12.4B) | ($10.1B) |
| Principal payments on long-term debt and finance lease liabilities, scheduled | ($40.6M) | ($64.9M) | ($35.2M) | ($51.2M) |
| Principal payments on long-term debt and finance lease liabilities, other | ($15.7M) | ($74.3M) | ($10.6M) | ($171.7M) |
| Proceeds from issuance of long-term debt | $786.8M | $408.2M | $79.8M | $113.3M |
| Principal payments on non-recourse notes payable | ($1.3B) | ($950.2M) | ($589.5M) | ($193.5M) |
| Proceeds from issuance of non-recourse notes payable | $1.7B | $1.4B | $1.9B | $298.1M |
| Payment of debt issuance costs | ($16.0M) | ($10.7M) | ($16.7M) | ($11.8M) |
| Proceeds from issuance of common stock | $27.5M | $27.3M | $29.7M | $36.1M |
| Repurchase of common stock | ($960.9M) | ($365.9M) | ($48.9M) | ($688.3M) |
| Dividends paid | ($55.3M) | ($56.5M) | ($52.8M) | ($45.2M) |
| Payments of contingent consideration related to acquisitions | ($9.4M) | ($11.7M) | ($14.0M) | ($7.2M) |
| Other financing activities | ($69.1M) | $800.0K | ($7.9M) | ($4.4M) |
| Net cash provided by financing activities | $612.1M | $907.6M | $2.4B | $2.0B |
| Effect of exchange rate changes on cash and restricted cash | $4.6M | ($4.5M) | $33.4M | ($3.0M) |
| (Decrease) increase in cash and restricted cash | ($54.5M) | ($526.2M) | $700.5M | $93.0M |
| Cash and restricted cash at beginning of year | $445.8M | $972.0M | $271.5M | $178.5M |
| Cash and restricted cash at end of year | $391.3M | $445.8M | $972.0M | $271.5M |
| Cash, restricted cash, and cash equivalents | $109.2M | $225.1M | — | — |
| Restricted cash from collections on finance receivables | $232.6M | $177.1M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $363.7M | $102.0M | $688.0M | $469.4M |
| Depreciation and amortization | $174.7M | $86.3M | $239.5M | $158.1M |
| Stock-based compensation | $23.8M | $12.1M | $45.1M | $31.1M |
| Net loss on disposal of other assets | $4.5M | $3.3M | $3.9M | $2.6M |
| Net gain on disposal of stores | ($15.1M) | $0 | ($17.7M) | ($2.3M) |
| Unrealized investment loss (gain), net | $38.2M | $70.0M | ($12.1M) | ($31.4M) |
| Deferred income taxes | $51.4M | $16.2M | $102.6M | $62.5M |
| Amortization of operating lease right-of-use assets | $49.1M | $24.3M | $67.2M | $46.1M |
| Accounts receivable, net | $25.9M | ($135.8M) | $55.5M | $36.0M |
| Inventories | ($433.8M) | ($97.2M) | $44.8M | ($19.7M) |
| Finance receivables | ($534.5M) | ($261.2M) | ($671.3M) | ($432.1M) |
| Other assets | ($82.8M) | ($51.2M) | ($263.8M) | ($99.6M) |
| Floor plan notes payable | $12.6M | ($65.5M) | ($151.0M) | $26.4M |
| Trade payables | $139.2M | $152.8M | ($7.4M) | $25.9M |
| Accrued liabilities | ($5.8M) | $28.3M | $52.8M | $11.5M |
| Other long-term liabilities and deferred revenue | $14.8M | $7.2M | $56.9M | $46.9M |
| Net cash (used in) provided by operating activities | ($174.1M) | ($108.4M) | $233.0M | $331.4M |
| Principal payments received on notes receivable | $13.8M | — | — | — |
| Capital expenditures | ($153.4M) | ($97.1M) | ($257.7M) | ($148.8M) |
| Proceeds from sales of assets | $11.7M | $11.3M | $30.5M | $17.9M |
| Net cash used for other investments | ($23.2M) | ($9.4M) | ($12.7M) | ($10.4M) |
| Cash paid for acquisitions, net of cash acquired | ($221.7M) | ($145.3M) | ($417.6M) | ($278.6M) |
| Proceeds from sales of stores | $21.0M | $0 | $178.1M | $104.4M |
| Net cash used in investing activities | ($351.8M) | ($240.5M) | ($479.4M) | ($315.5M) |
| Borrowings (repayments) on floor plan notes payable, net: non-trade | $1.4B | $1.4B | $73.3M | ($141.2M) |
| Borrowings on lines of credit | $6.2B | $3.4B | $11.7B | $7.4B |
| Repayments on lines of credit | ($6.7B) | ($4.2B) | ($11.6B) | ($6.8B) |
| Principal payments on long-term debt and finance lease liabilities, scheduled | ($24.6M) | ($12.6M) | ($29.6M) | ($20.0M) |
| Principal payments on long-term debt and finance lease liabilities, other | ($43.7M) | ($6.5M) | ($15.7M) | ($15.4M) |
| Principal payments on non-recourse notes payable | ($790.3M) | ($372.1M) | ($959.0M) | ($631.4M) |
| Proceeds from issuance of non-recourse notes payable | $1.1B | $532.1M | $1.1B | $564.0M |
| Payment of debt issuance costs | ($4.2M) | ($2.0M) | ($11.7M) | ($2.6M) |
| Proceeds from issuance of common stock | $14.0M | $5.8M | $21.0M | $13.6M |
| Repurchase of common stock | ($534.0M) | ($297.0M) | ($662.3M) | ($263.3M) |
| Dividends paid | ($25.7M) | ($12.8M) | ($42.1M) | ($28.2M) |
| Payment of contingent consideration related to acquisitions | $0 | $0 | ($9.4M) | ($9.3M) |
| Other financing activity | ($3.3M) | ($1.5M) | ($68.3M) | ($67.3M) |
| Net cash provided by (used in) financing activities | $555.1M | $432.0M | $264.5M | ($13.5M) |
| Effect of exchange rate changes on cash, restricted cash, and cash equivalents | ($3.3M) | ($1.7M) | $4.7M | $7.4M |
| Increase in cash, restricted cash, and cash equivalents | $25.9M | $81.4M | $22.8M | $9.8M |
| Cash, restricted cash, and cash equivalents at beginning of year | $391.3M | $391.3M | $445.8M | $445.8M |
| Cash, restricted cash, and cash equivalents at end of period | $417.2M | $472.7M | $468.6M | $455.6M |
| Cash and cash equivalents | $110.3M | $160.8M | $206.5M | $202.8M |
| Restricted cash from collections on auto loans receivable and customer deposits | $253.6M | $260.5M | $210.6M | $201.6M |
| Cash, restricted cash, and cash equivalents | $363.9M | $421.3M | $417.1M | $404.4M |
Lithia Motors Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.