v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash, restricted cash, and cash equivalents $ 363.9 $ 341.8
Accounts receivable, net of allowance for doubtful accounts of $5.7 and $6.9 1,124.9 1,134.1
Inventories, net 6,516.8 6,119.6
Other current assets 267.7 262.5
Total current assets 8,273.3 7,858.0
Property and equipment, net of accumulated depreciation of $1,094.9 and $1,004.9 5,031.6 4,936.0
Operating lease right-of-use assets 710.3 717.2
Finance receivables, net of allowance for credit losses of $153.4 and $143.7 5,281.6 4,755.1
Goodwill 2,538.8 2,476.7
Franchise value 2,781.7 2,777.4
Other non-current assets 1,628.5 1,586.8
Total assets 26,245.8 25,107.2
Current liabilities:    
Floor plan notes payable 1,986.2 1,992.6
Floor plan notes payable: non-trade 4,401.2 3,016.3
Trade payables 486.9 339.5
Accrued liabilities 1,229.1 1,214.4
Total current liabilities 8,248.9 6,696.7
Deferred revenue 482.0 452.7
Deferred income taxes 566.6 516.3
Non-current operating lease liabilities 650.6 662.1
Other long-term liabilities 490.5 471.9
Total liabilities 19,818.4 18,478.8
Equity:    
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 0.0
Additional paid-in capital 0.0 18.1
Accumulated other comprehensive income 37.8 67.3
Retained earnings 6,364.3 6,517.8
Total stockholders’ equity - Lithia Motors, Inc. 6,402.1 6,603.2
Non-controlling interest 25.3 25.2
Total equity 6,427.4 6,628.4
Total liabilities and equity 26,245.8 25,107.2
Long-term debt    
Current liabilities:    
Current maturities of debt 93.0 64.2
Debt, less current maturities 6,690.9 7,274.9
Non-recourse notes payable    
Current liabilities:    
Current maturities of debt 52.5 69.7
Debt, less current maturities $ 2,688.9 $ 2,404.2