$LAD
Lithia Motors Inc Stock $lad

$lad Overview Financials Valuation SEC Filings Company Website

2019 Q1 Form 10-Q Financial Statement

#000102312819000079 Filed on April 26, 2019

Income Statement

Concept	2019 Q1	2018 Q1
Revenue	$2.850B	$2.660B
YoY Change	7.14%	18.94%
Cost Of Revenue	$2.399B	$2.252B
YoY Change	6.55%	18.85%
Gross Profit	$450.7M	$408.1M
YoY Change	10.44%	19.45%
Gross Profit Margin	15.82%	15.34%
Selling, General & Admin	$321.8M	$297.5M
YoY Change	8.17%	22.54%
% of Gross Profit	71.4%	72.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$19.80M	$16.80M
YoY Change	17.86%	31.88%
% of Gross Profit	4.39%	4.12%
Operating Expenses	$321.8M	$297.5M
YoY Change	8.17%	22.54%
Operating Profit	$108.6M	$93.80M
YoY Change	15.78%	8.89%
Interest Expense	-$33.40M	-$25.30M
YoY Change	32.02%	72.11%
% of Operating Profit	-30.76%	-26.97%
Other Income/Expense, Net	$2.600M	$1.300M
YoY Change	100.0%	-86.8%
Pretax Income	$77.80M	$69.80M
YoY Change	11.46%	-14.11%
Income Tax	$21.40M	$17.70M
% Of Pretax Income	27.51%	25.36%
Net Earnings	$56.40M	$52.10M
YoY Change	8.25%	2.71%
Net Earnings / Revenue	1.98%	1.96%
Basic Earnings Per Share	$2.43	$2.08
Diluted Earnings Per Share	$2.42	$2.07
COMMON SHARES
Basic Shares Outstanding	23.20M shares	25.10M shares
Diluted Shares Outstanding	23.20M shares	25.20M shares

Balance Sheet

Concept	2019 Q1	2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$45.00M	$69.00M
YoY Change	-34.78%	119.75%
Cash & Equivalents	$45.00M	$68.99M
Short-Term Investments
Other Short-Term Assets	$50.90M	$56.89M
YoY Change	-10.53%	17.92%
Inventory	$2.441B	$2.366B
Prepaid Expenses
Receivables	$491.0M	$479.6M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.028B	$2.971B
YoY Change	1.9%	33.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.454B	$1.221B
YoY Change	19.13%	20.82%
Goodwill	$456.8M	$256.3M
YoY Change	78.24%	-1.2%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$194.8M	$451.4M
YoY Change	-56.85%	294.91%
Total Long-Term Assets	$2.616B	$2.116B
YoY Change	23.65%	34.88%
TOTAL ASSETS
Total Short-Term Assets	$3.028B	$2.971B
Total Long-Term Assets	$2.616B	$2.116B
Total Assets	$5.644B	$5.087B
YoY Change	10.94%	33.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$119.3M	$116.9M
YoY Change	2.03%	46.12%
Accrued Expenses	$310.2M	$240.2M
YoY Change	29.16%	-0.61%
Deferred Revenue
YoY Change
Short-Term Debt	$2.126B	$1.978B
YoY Change	7.49%	23.6%
Long-Term Debt Due	$24.60M	$168.9M
YoY Change	-85.44%	843.58%
Total Short-Term Liabilities	$2.585B	$2.504B
YoY Change	3.25%	29.08%
LONG-TERM LIABILITIES
Long-Term Debt	$1.296B	$1.181B
YoY Change	9.69%	77.33%
Other Long-Term Liabilities	$111.9M	$108.4M
YoY Change	3.23%	8.08%
Total Long-Term Liabilities	$111.9M	$108.4M
YoY Change	3.23%	8.08%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.585B	$2.504B
Total Long-Term Liabilities	$111.9M	$108.4M
Total Liabilities	$4.446B	$3.960B
YoY Change	12.27%	38.86%
SHAREHOLDERS EQUITY
Retained Earnings	$1.163B	$969.4M
YoY Change	19.97%	29.53%
Common Stock	$28.00M	$14.56M
YoY Change	92.33%	-61.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.251B	$1.127B
YoY Change
Total Liabilities & Shareholders Equity	$5.644B	$5.087B
YoY Change	10.94%	33.8%

Cashflow Statement

Concept	2019 Q1	2018 Q1
OPERATING ACTIVITIES
Net Income	$56.40M	$52.10M
YoY Change	8.25%	2.71%
Depreciation, Depletion And Amortization	$19.80M	$16.80M
YoY Change	17.86%	31.88%
Cash From Operating Activities	$77.20M	$48.90M
YoY Change	57.87%	-61.4%
INVESTING ACTIVITIES
Capital Expenditures	$29.10M	$42.00M
YoY Change	-30.71%	161.86%
Acquisitions	$0.00	$324.4M
YoY Change	-100.0%
Other Investing Activities	-$6.200M	-$331.5M
YoY Change	-98.13%	5000.0%
Cash From Investing Activities	-$35.30M	-$373.5M
YoY Change	-90.55%	1559.78%
FINANCING ACTIVITIES
Cash Dividend Paid	$6.700M	$6.800M
YoY Change	-1.47%	8.07%
Common Stock Issuance & Retirement, Net	$800.0K	$6.400M
YoY Change	-87.5%	-16.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$28.50M	$336.4M
YoY Change	-108.47%	-373.47%
NET CHANGE
Cash From Operating Activities	$77.20M	$48.90M
Cash From Investing Activities	-$35.30M	-$373.5M
Cash From Financing Activities	-$28.50M	$336.4M
Net Change In Cash	$13.40M	$11.80M
YoY Change	13.56%	-162.63%
FREE CASH FLOW
Cash From Operating Activities	$77.20M	$48.90M
Capital Expenditures	$29.10M	$42.00M
Free Cash Flow	$48.10M	$6.900M
YoY Change	597.1%	-93.76%

Facts In Submission

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CY2019Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019Q1	dei	Document Period End Date DocumentPeriodEndDate	2019-03-31
CY2019Q1	dei	Document Type DocumentType	10-Q
CY2019Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001023128
CY2019Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2019Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2019Q1	dei	Trading Symbol TradingSymbol	lad
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CY2018Q1	lad	Floor Plan Interest Expense FloorPlanInterestExpense	13500000	USD
CY2019Q1	lad	Floor Plan Interest Expense FloorPlanInterestExpense	18100000	USD
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CY2019Q1	lad	Floor Plan Notes Payable FloorPlanNotesPayable	359000000	USD
CY2018Q4	lad	Floor Plan Notes Payable Non Trade FloorPlanNotesPayableNonTrade	1733300000	USD
CY2019Q1	lad	Floor Plan Notes Payable Non Trade FloorPlanNotesPayableNonTrade	1767200000	USD
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CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-28500000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-373500000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-35300000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	48900000	USD
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	77200000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	52100000	USD
CY2018	us-gaap	Net Income Loss NetIncomeLoss	265700000	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	56400000	USD
CY2018Q1	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	10700000	USD
CY2019Q1	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	0	USD
CY2019Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	93800000	USD
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	108600000	USD
CY2019Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	12000000	USD
CY2018Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	0	USD
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	260700000	USD
CY2018Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	0	USD
CY2019Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	25500000	USD
CY2018Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	USD
CY2019Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	235200000	USD
CY2019Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	241000000	USD
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	250000000	USD
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	256400000	USD
CY2019Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0507
CY2019Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P13Y
CY2018Q4	us-gaap	Other Assets Current OtherAssetsCurrent	65100000	USD
CY2019Q1	us-gaap	Other Assets Current OtherAssetsCurrent	50900000	USD
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	221000000	USD
CY2019Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	194800000	USD
CY2018Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	122200000	USD
CY2019Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	104600000	USD
CY2019Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	111900000	USD
CY2018Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1300000	USD
CY2019Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	2600000	USD
CY2018Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	800000	USD
CY2019Q1	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	0	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	8300000	USD
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3100000	USD
CY2018Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2019Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2018Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	6800000	USD
CY2019Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	6700000	USD
CY2018Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	324400000	USD
CY2019Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2018Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	7600000	USD
CY2019Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	6600000	USD
CY2018Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15000000	shares
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1163000000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	42000000	USD
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	29100000	USD
CY2018Q4	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2019Q1	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2019Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15000000	shares
CY2018Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2019Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2019Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	400000	USD
CY2019Q1	us-gaap	Proceeds From Divestiture Of Businesses Net Of Cash Divested ProceedsFromDivestitureOfBusinessesNetOfCashDivested	0	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1900000	USD
CY2019Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2300000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	894000000	USD
CY2019Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	570000000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	100000	USD
CY2019Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	400000	USD
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1448000000	USD
CY2019Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1454400000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	586700000	USD
CY2019Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	625000000	USD
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1162100000	USD
CY2019Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1212700000	USD
CY2018Q1	us-gaap	Revenues Revenues	2659700000	USD
CY2019Q1	us-gaap	Revenues Revenues	2849700000	USD
CY2018Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2019Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	257000000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	297500000	USD
CY2019Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	321800000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3600000	USD
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3500000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	0	USD
CY2018	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	10100000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	2300000	USD
CY2018	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	13400000	USD
CY2019Q1	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	3500000	USD
CY2018	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	148900000	USD
CY2019Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3100000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	1083200000	USD
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	1197200000	USD
CY2019Q1	us-gaap	Stockholders Equity StockholdersEquity	1250500000	USD
CY2019Q1	us-gaap	Sublease Income SubleaseIncome	1000000	USD
CY2019Q1	us-gaap	Variable Lease Cost VariableLeaseCost	800000	USD
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25200000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	23200000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25100000	shares
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	23200000	shares
CY2019Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;text-decoration:underline;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">In January 2017, the FASB issued ASU 2017-04, "Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment." ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the updated standard, an entity should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit's fair value, if applicable. The loss recognized should not exceed the total amount of goodwill allocated to the reporting unit. The same impairment test also applies to any reporting unit with a zero or negative carrying amount. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. ASU 2017-04 is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2019, on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. We do not expect the adoption of ASU 2017-04 to have a material effect on our financial position, results of operations or cash flows.</font></div></div>
CY2019Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:justify;padding-left:0px;text-indent:0px;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;">Certain immaterial reclassifications of amounts previously reported have been made to the accompanying condensed Consolidated Financial Statements to maintain consistency and comparability between periods presented.</font></div></div>

Files In Submission

Name	View Source	Status
0001023128-19-000079-index-headers.html	Edgar Link	pending
0001023128-19-000079-index.html	Edgar Link	pending
0001023128-19-000079.txt	Edgar Link	pending
0001023128-19-000079-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
lad-20190331.xml	Edgar Link	completed
lad-20190331.xsd	Edgar Link	pending
lad-20190331_cal.xml	Edgar Link	unprocessable
lad-20190331_def.xml	Edgar Link	unprocessable
lad-20190331_lab.xml	Edgar Link	unprocessable
lad-20190331_pre.xml	Edgar Link	unprocessable
lad2019q1-10q.htm	Edgar Link	pending
lad2019q1-10q_ex311.htm	Edgar Link	pending
lad2019q1-10q_ex312.htm	Edgar Link	pending
lad2019q1-10q_ex321.htm	Edgar Link	pending
lad2019q1-10q_ex322.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$LAD
Lithia Motors Inc Stock $lad

2019 Q1 Form 10-Q Financial Statement

#000102312819000079 Filed on April 26, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAD Lithia Motors Inc Stock $lad

2019 Q1 Form 10-Q Financial Statement

#000102312819000079 Filed on April 26, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LAD
Lithia Motors Inc Stock $lad