2019 Q1 Form 10-K Financial Statement
#000102312820000018 Filed on February 21, 2020
Income Statement
Concept | 2019 Q1 | 2018 Q4 | 2017 Q4 |
---|---|---|---|
Revenue | $2.850B | $2.973B | $2.703B |
YoY Change | 7.14% | 10.0% | 17.93% |
Cost Of Revenue | $2.399B | $2.531B | $2.307B |
YoY Change | 6.55% | 9.73% | 17.87% |
Gross Profit | $450.7M | $441.9M | $396.1M |
YoY Change | 10.44% | 11.56% | 18.31% |
Gross Profit Margin | 15.82% | 14.86% | 14.65% |
Selling, General & Admin | $321.8M | $312.8M | $267.1M |
YoY Change | 8.17% | 17.11% | 12.8% |
% of Gross Profit | 71.4% | 70.79% | 67.43% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $19.80M | $20.10M | $16.10M |
YoY Change | 17.86% | 24.84% | 23.85% |
% of Gross Profit | 4.39% | 4.55% | 4.06% |
Operating Expenses | $321.8M | $332.9M | $283.2M |
YoY Change | 8.17% | 17.55% | 13.37% |
Operating Profit | $108.6M | $109.0M | $112.9M |
YoY Change | 15.78% | -3.45% | 32.82% |
Interest Expense | -$33.40M | -$32.50M | -$22.40M |
YoY Change | 32.02% | 45.09% | 62.32% |
% of Operating Profit | -30.76% | -29.82% | -19.84% |
Other Income/Expense, Net | $2.600M | $3.400M | $800.0K |
YoY Change | 100.0% | 325.0% | -150.0% |
Pretax Income | $77.80M | $78.00M | $91.40M |
YoY Change | 11.46% | -14.66% | 38.28% |
Income Tax | $21.40M | $33.90M | -$30.90M |
% Of Pretax Income | 27.51% | 43.46% | -33.81% |
Net Earnings | $56.40M | $59.90M | $89.40M |
YoY Change | 8.25% | -33.0% | 74.27% |
Net Earnings / Revenue | 1.98% | 2.01% | 3.31% |
Basic Earnings Per Share | $2.43 | ||
Diluted Earnings Per Share | $2.42 | $2.527M | $3.562M |
COMMON SHARES | |||
Basic Shares Outstanding | 23.20M shares | ||
Diluted Shares Outstanding | 23.20M shares |
Balance Sheet
Concept | 2019 Q1 | 2018 Q4 | 2017 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $45.00M | $31.60M | $57.30M |
YoY Change | -34.78% | -44.85% | 13.92% |
Cash & Equivalents | $45.00M | $31.60M | $57.30M |
Short-Term Investments | |||
Other Short-Term Assets | $50.90M | $65.10M | $70.90M |
YoY Change | -10.53% | -8.18% | 52.11% |
Inventory | $2.441B | $2.365B | $2.133B |
Prepaid Expenses | |||
Receivables | $491.0M | $529.4M | $521.9M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $3.028B | $2.991B | $2.783B |
YoY Change | 1.9% | 7.5% | 21.67% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.454B | $1.448B | $1.185B |
YoY Change | 19.13% | 22.17% | 17.8% |
Goodwill | $456.8M | $434.9M | $256.3M |
YoY Change | 78.24% | 69.68% | -1.2% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $194.8M | $221.0M | $271.8M |
YoY Change | -56.85% | -18.69% | 153.64% |
Total Long-Term Assets | $2.616B | $2.393B | $1.900B |
YoY Change | 23.65% | 25.91% | 22.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $3.028B | $2.991B | $2.783B |
Total Long-Term Assets | $2.616B | $2.393B | $1.900B |
Total Assets | $5.644B | $5.384B | $4.683B |
YoY Change | 10.94% | 14.97% | 21.82% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $119.3M | $126.3M | $111.4M |
YoY Change | 2.03% | 13.38% | 25.99% |
Accrued Expenses | $310.2M | $283.6M | $251.6M |
YoY Change | 29.16% | 12.72% | 19.18% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.126B | $2.058B | $1.919B |
YoY Change | 7.49% | 7.23% | 19.83% |
Long-Term Debt Due | $24.60M | $25.90M | $18.90M |
YoY Change | -85.44% | 37.04% | -10.0% |
Total Short-Term Liabilities | $2.585B | $2.494B | $2.301B |
YoY Change | 3.25% | 8.37% | 19.72% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.296B | $1.358B | $1.029B |
YoY Change | 9.69% | 32.06% | 111.97% |
Other Long-Term Liabilities | $111.9M | $122.2M | $111.0M |
YoY Change | 3.23% | 10.09% | 10.49% |
Total Long-Term Liabilities | $111.9M | $122.2M | $111.0M |
YoY Change | 3.23% | 10.09% | -81.05% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.585B | $2.494B | $2.301B |
Total Long-Term Liabilities | $111.9M | $122.2M | $111.0M |
Total Liabilities | $4.446B | $4.187B | $3.600B |
YoY Change | 12.27% | 16.3% | 22.72% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.163B | $1.162B | $922.7M |
YoY Change | 19.97% | 25.95% | 31.1% |
Common Stock | $28.00M | $35.00M | $11.30M |
YoY Change | 92.33% | 209.73% | -72.59% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.251B | $1.197B | $1.083B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.644B | $5.384B | $4.683B |
YoY Change | 10.94% | 14.97% | 21.82% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q4 | 2017 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $56.40M | $59.90M | $89.40M |
YoY Change | 8.25% | -33.0% | 74.27% |
Depreciation, Depletion And Amortization | $19.80M | $20.10M | $16.10M |
YoY Change | 17.86% | 24.84% | 23.85% |
Cash From Operating Activities | $77.20M | $140.4M | -$111.6M |
YoY Change | 57.87% | -225.81% | 12.84% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $29.10M | -$44.60M | -$33.20M |
YoY Change | -30.71% | 34.34% | 71.13% |
Acquisitions | $0.00 | ||
YoY Change | -100.0% | ||
Other Investing Activities | -$6.200M | $2.100M | -$40.10M |
YoY Change | -98.13% | -105.24% | -6.31% |
Cash From Investing Activities | -$35.30M | -$42.50M | -$73.30M |
YoY Change | -90.55% | -42.02% | 17.85% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $6.700M | ||
YoY Change | -1.47% | ||
Common Stock Issuance & Retirement, Net | $800.0K | ||
YoY Change | -87.5% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$28.50M | -97.80M | 203.6M |
YoY Change | -108.47% | -148.04% | 8.7% |
NET CHANGE | |||
Cash From Operating Activities | $77.20M | 140.4M | -111.6M |
Cash From Investing Activities | -$35.30M | -42.50M | -73.30M |
Cash From Financing Activities | -$28.50M | -97.80M | 203.6M |
Net Change In Cash | $13.40M | 100.0K | 18.70M |
YoY Change | 13.56% | -99.47% | -28.63% |
FREE CASH FLOW | |||
Cash From Operating Activities | $77.20M | $140.4M | -$111.6M |
Capital Expenditures | $29.10M | -$44.60M | -$33.20M |
Free Cash Flow | $48.10M | $185.0M | -$78.40M |
YoY Change | 597.1% | -335.97% | -1.38% |
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62300000 | USD |
CY2017 | lad |
Floor Plan Interest Expense
FloorPlanInterestExpense
|
39300000 | USD |
CY2019 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
60600000 | USD |
CY2018 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
56000000.0 | USD |
CY2017 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
34800000 | USD |
CY2019 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
13800000 | USD |
CY2018 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
8800000 | USD |
CY2017 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
12200000 | USD |
CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
375400000 | USD |
CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
337500000 | USD |
CY2017 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
347100000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
103900000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
71800000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
101900000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
271500000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
265700000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245200000 | USD |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
11.70 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
10.91 | |
CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
9.78 | |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23200000 | shares |
CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24400000 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25100000 | shares |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
11.60 | |
CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
10.86 | |
CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
9.75 | |
CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23400000 | shares |
CY2018 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24500000 | shares |
CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25100000 | shares |
CY2019 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.19 | |
CY2018 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.14 | |
CY2017 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
1.06 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
271500000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
265700000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245200000 | USD |
CY2019 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-700000 | USD |
CY2018 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
0 | USD |
CY2017 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
0 | USD |
CY2019 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
270800000 | USD |
CY2018 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
265700000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245200000 | USD |
CY2017 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
245200000 | USD |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
910800000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
7500000 | USD |
CY2017 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
33800000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11300000 | USD |
CY2017 | lad |
Adjustmentsto Additional Paidin Capital Stock Repurchase Option Premium Paid
AdjustmentstoAdditionalPaidinCapitalStockRepurchaseOptionPremiumPaid
|
33400000 | USD |
CY2017 | us-gaap |
Dividends
Dividends
|
26500000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
2100000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1083200000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
265700000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
10100000 | USD |
CY2018 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
148900000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
13400000 | USD |
CY2018 | us-gaap |
Dividends
Dividends
|
27700000 | USD |
CY2018Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
1400000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1197200000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
271500000 | USD |
CY2019 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-700000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
11000000.0 | USD |
CY2019 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
3200000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
16200000 | USD |
CY2019 | lad |
Adjustmentsto Additional Paidin Capital Stock Repurchase Option Premium Received Paid
AdjustmentstoAdditionalPaidinCapitalStockRepurchaseOptionPremiumReceivedPaid
|
2400000 | USD |
CY2019 | us-gaap |
Dividends
Dividends
|
27600000 | USD |
CY2019Q1 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
900000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1467700000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
271500000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
265700000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
245200000 | USD |
CY2019 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2600000 | USD |
CY2018 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1300000 | USD |
CY2017 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | USD |
CY2019 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
82400000 | USD |
CY2018 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
75400000 | USD |
CY2017 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
57700000 | USD |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16200000 | USD |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13300000 | USD |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11300000 | USD |
CY2019 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
100000 | USD |
CY2018 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-200000 | USD |
CY2017 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
400000 | USD |
CY2019 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
9700000 | USD |
CY2018 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
15100000 | USD |
CY2017 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
5100000 | USD |
CY2019 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
40100000 | USD |
CY2018 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
33000000.0 | USD |
CY2017 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-2800000 | USD |
CY2019 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-24400000 | USD |
CY2018 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-4700000 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
57400000 | USD |
CY2019 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
19700000 | USD |
CY2018 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
108900000 | USD |
CY2017 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
193100000 | USD |
CY2019 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-12000000.0 | USD |
CY2018 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
16000000.0 | USD |
CY2017 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
3100000 | USD |
CY2019 | lad |
Increase Decreasein Floor Plan Notes Payable
IncreaseDecreaseinFloorPlanNotesPayable
|
-100700000 | USD |
CY2018 | lad |
Increase Decreasein Floor Plan Notes Payable
IncreaseDecreaseinFloorPlanNotesPayable
|
-196900000 | USD |
CY2017 | lad |
Increase Decreasein Floor Plan Notes Payable
IncreaseDecreaseinFloorPlanNotesPayable
|
-20300000 | USD |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1800000 | USD |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
15100000 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
20000000.0 | USD |
CY2019 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-38000000.0 | USD |
CY2018 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
28900000 | USD |
CY2017 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
37200000 | USD |
CY2019 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
18900000 | USD |
CY2018 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
25200000 | USD |
CY2017 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
19100000 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
499500000 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
519700000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
148900000 | USD |
CY2019 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
12500000 | USD |
CY2018 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
0 | USD |
CY2017 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
0 | USD |
CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
124900000 | USD |
CY2018 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
158000000.0 | USD |
CY2017 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
105400000 | USD |
CY2019 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1500000 | USD |
CY2018 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3100000 | USD |
CY2017 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
15300000 | USD |
CY2019 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
7200000 | USD |
CY2018 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
62700000 | USD |
CY2017 | us-gaap |
Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
|
8600000 | USD |
CY2019 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
366600000 | USD |
CY2018 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
373800000 | USD |
CY2017 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
460400000 | USD |
CY2019 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
46700000 | USD |
CY2018 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
34300000 | USD |
CY2017 | us-gaap |
Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
|
20900000 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-438000000.0 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-557100000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-538200000 | USD |
CY2019 | lad |
Increase Decrease In Vehicle Floor Plan Payable Non Trade Net
IncreaseDecreaseInVehicleFloorPlanPayableNonTradeNet
|
-54600000 | USD |
CY2018 | lad |
Increase Decrease In Vehicle Floor Plan Payable Non Trade Net
IncreaseDecreaseInVehicleFloorPlanPayableNonTradeNet
|
-21900000 | USD |
CY2017 | lad |
Increase Decrease In Vehicle Floor Plan Payable Non Trade Net
IncreaseDecreaseInVehicleFloorPlanPayableNonTradeNet
|
241500000 | USD |
CY2019 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
3167000000.0 | USD |
CY2018 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
2691400000 | USD |
CY2017 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
1754500000 | USD |
CY2019 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
3481600000 | USD |
CY2018 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
2499600000 | USD |
CY2017 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
1836200000 | USD |
CY2019 | lad |
Repayments Of Longterm Debt Scheduled Payments
RepaymentsOfLongtermDebtScheduledPayments
|
26000000.0 | USD |
CY2018 | lad |
Repayments Of Longterm Debt Scheduled Payments
RepaymentsOfLongtermDebtScheduledPayments
|
26500000 | USD |
CY2017 | lad |
Repayments Of Longterm Debt Scheduled Payments
RepaymentsOfLongtermDebtScheduledPayments
|
18200000 | USD |
CY2019 | lad |
Repayments Of Longterm Debt Other Payments
RepaymentsOfLongtermDebtOtherPayments
|
11000000.0 | USD |
CY2018 | lad |
Repayments Of Longterm Debt Other Payments
RepaymentsOfLongtermDebtOtherPayments
|
26100000 | USD |
CY2017 | lad |
Repayments Of Longterm Debt Other Payments
RepaymentsOfLongtermDebtOtherPayments
|
50300000 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
420300000 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
62100000 | USD |
CY2017 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
395900000 | USD |
CY2019 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
5800000 | USD |
CY2018 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
400000 | USD |
CY2017 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
4700000 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
11000000.0 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10100000 | USD |
CY2017 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
7500000 | USD |
CY2019 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
3200000 | USD |
CY2018 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
148900000 | USD |
CY2017 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
33800000 | USD |
CY2019 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
27600000 | USD |
CY2018 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
27700000 | USD |
CY2017 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
26500000 | USD |
CY2019 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD |
CY2018 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
800000 | USD |
CY2017 | us-gaap |
Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
|
0 | USD |
CY2019 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
2400000 | USD |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
52400000 | USD |
CY2018 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
0 | USD |
CY2017 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-33400000 | USD |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-9100000 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
11700000 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
396300000 | USD |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-25700000 | USD |
CY2017 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7000000.0 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
31600000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
57300000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
50300000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
84000000.0 | USD |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
31600000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
57300000 | USD |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
135800000 | USD |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
117100000 | USD |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
68900000 | USD |
CY2019 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
38400000 | USD |
CY2018 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
32900000 | USD |
CY2017 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
127300000 | USD |
CY2019 | lad |
Cash Paidfor Repaymentsof Debt Dueto Disposal Group
CashPaidforRepaymentsofDebtDuetoDisposalGroup
|
18600000 | USD |
CY2018 | lad |
Cash Paidfor Repaymentsof Debt Dueto Disposal Group
CashPaidforRepaymentsofDebtDuetoDisposalGroup
|
33100000 | USD |
CY2017 | lad |
Cash Paidfor Repaymentsof Debt Dueto Disposal Group
CashPaidforRepaymentsofDebtDuetoDisposalGroup
|
3700000 | USD |
CY2019 | us-gaap |
Notes Issued1
NotesIssued1
|
26400000 | USD |
CY2018 | us-gaap |
Notes Issued1
NotesIssued1
|
125100000 | USD |
CY2017 | us-gaap |
Notes Issued1
NotesIssued1
|
1800000 | USD |
CY2019 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
0 | USD |
CY2018 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
10800000 | USD |
CY2017 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
84300000 | USD |
CY2019 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
0 | USD |
CY2018 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
0 | USD |
CY2017 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
2100000 | USD |
CY2019 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
260300000 | USD |
CY2019Q4 | us-gaap |
Number Of Stores
NumberOfStores
|
187 | store |
CY2019Q4 | lad |
Number Of New Vehicle Brands
NumberOfNewVehicleBrands
|
30 | brand |
CY2019Q4 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
19 | state |
CY2019 | lad |
Accounts Receivable Threshold To Bear Interest Period
AccountsReceivableThresholdToBearInterestPeriod
|
P60D | |
CY2019 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
2300000 | USD |
CY2018 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1300000 | USD |
CY2017 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
500000 | USD |
CY2019 | lad |
Advertising Expense Gross
AdvertisingExpenseGross
|
139800000 | USD |
CY2018 | lad |
Advertising Expense Gross
AdvertisingExpenseGross
|
134200000 | USD |
CY2017 | lad |
Advertising Expense Gross
AdvertisingExpenseGross
|
116100000 | USD |
CY2019 | us-gaap |
Cooperative Advertising Amount
CooperativeAdvertisingAmount
|
27900000 | USD |
CY2018 | us-gaap |
Cooperative Advertising Amount
CooperativeAdvertisingAmount
|
25500000 | USD |
CY2017 | us-gaap |
Cooperative Advertising Amount
CooperativeAdvertisingAmount
|
22800000 | USD |
CY2019 | us-gaap |
Advertising Expense
AdvertisingExpense
|
111900000 | USD |
CY2018 | us-gaap |
Advertising Expense
AdvertisingExpense
|
108700000 | USD |
CY2017 | us-gaap |
Advertising Expense
AdvertisingExpense
|
93300000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
8900000 | USD |
CY2019 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Concentration of Risk and Uncertainties</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We purchase substantially all of our new vehicles and inventory from various manufacturers at the prevailing prices charged by auto manufacturers to all franchised dealers. Our overall sales could be impacted by the auto manufacturers’ inability or unwillingness to supply dealerships with an adequate supply of popular models.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We depend on our manufacturers to provide a supply of vehicles which supports expected sales levels. In the event that manufacturers are unable to supply the needed level of vehicles, our financial performance may be adversely impacted. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We depend on our manufacturers to deliver high-quality, defect-free vehicles. In the event that manufacturers experience future quality issues, our financial performance may be adversely impacted. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We are subject to a concentration of risk in the event of financial distress, including potential reorganization or bankruptcy, of a major vehicle manufacturer. Our sales volume could be materially adversely impacted by the manufacturers’ or distributors’ inability to supply the stores with an adequate supply of vehicles. We also receive incentives and rebates from our manufacturers, including cash allowances, financing programs, discounts, holdbacks and other incentives. These incentives are recorded as accounts receivable in our Consolidated Balance Sheets until payment is received. Our financial condition could be materially adversely impacted by the manufacturers’ or distributors’ inability to continue to offer these incentives and rebates at substantially similar terms, or to pay our outstanding receivables. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We enter into Franchise Agreements with the manufacturers. The Franchise Agreements generally limit the location of the dealership and provide the auto manufacturer approval rights over changes in dealership management and ownership. The auto manufacturers are also entitled to terminate the Franchise Agreement if the dealership is in material breach of the terms. Our ability to expand operations depends, in part, on obtaining consents of the manufacturers for the acquisition of additional dealerships. See also “</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;">Goodwill</span><span style="font-family:Times New Roman;font-size:10pt;">” and “</span><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;">Franchise Value</span><span style="font-family:Times New Roman;font-size:10pt;">” above. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We have a credit facility with a syndicate of </span><span style="font-family:Times New Roman;font-size:10pt;"><span>19</span></span><span style="font-family:Times New Roman;font-size:10pt;"> financial institutions, including </span><span style="font-family:Times New Roman;font-size:10pt;"><span>seven</span></span><span style="font-family:Times New Roman;font-size:10pt;"> manufacturer-affiliated finance companies. Several of these financial institutions also provide vehicle financing for certain new vehicles, vehicles that are designated for use as service loaners and mortgage financing. This credit facility is the primary source of floor plan financing for our new vehicle inventory and also provides used vehicle financing and a revolving line of credit. The term of the facility extends through </span><span style="font-family:Times New Roman;font-size:10pt;color:#000000;">January 2025</span><span style="font-family:Times New Roman;font-size:10pt;">. At maturity, our financial condition could be materially adversely impacted if lenders are unable to provide credit that has typically been extended to us or with terms unacceptable to us. Our financial condition could be materially adversely impacted if these providers incur losses in the future or undergo funding limitations. See </span><span style="font-family:Times New Roman;font-size:10pt;font-weight:normal;text-decoration:none;">Note 6</span><span style="font-family:Times New Roman;font-size:10pt;">.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We anticipate continued organic growth and growth through acquisitions. This growth will require additional credit which may be unavailable or with terms unacceptable to us. If these events were to occur, we may not be able to borrow sufficient funds to facilitate our growth.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div> | |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and related notes to financial statements. Changes in such estimates may affect amounts reported in future periods. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">Estimates are used in the calculation of certain reserves maintained for charge-backs on estimated cancellations of service contracts; life, accident and disability insurance policies; finance fees from customer financing contracts and uncollectible accounts receivable. </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">We also use estimates in the calculation of various expenses, accruals and reserves, including anticipated losses related to workers’ compensation insurance; anticipated losses related to self-insurance components of our property and casualty and medical insurance; self-insured lifetime lube, oil and filter service contracts; discretionary employee bonuses, the Transition Agreement with Sidney B. DeBoer, our Chairman of the Board; warranties provided on certain products and services; legal reserves and stock-based compensation. We also make certain estimates regarding the assessment of the recoverability of long-lived assets, indefinite-lived intangible assets and deferred tax assets.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div>We offer a limited warranty on the sale of most retail used vehicles. This warranty is based on mileage and time. We also offer a mileage and time based warranty on parts used in our service repair work and on tire purchases. The cost that may be incurred for these warranties is estimated at the time the related revenue is recorded. A reserve for these warranty liabilities is estimated based on current sales levels, warranty experience rates and estimated costs per claim. | |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
600000 | USD |
CY2018Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
500000 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
171500000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
149600000 | USD |
CY2019 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
25900000 | USD |
CY2018 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
21900000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
9200000 | USD |
CY2019 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | segment |
CY2019Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
567400000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Gross
AccountsReceivableGross
|
573700000 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
7300000 | USD |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
7200000 | USD |
CY2019Q4 | us-gaap |
Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
|
55100000 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Gross Noncurrent
AccountsReceivableGrossNoncurrent
|
37100000 | USD |
CY2019Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
505000000.0 | USD |
CY2018Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
529400000 | USD |
CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
2433700000 | USD |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
2365300000 | USD |
CY2019Q4 | lad |
Property Plant And Equipment Gross Excluding Construction In Progress
PropertyPlantAndEquipmentGrossExcludingConstructionInProgress
|
1861300000 | USD |
CY2018Q4 | lad |
Property Plant And Equipment Gross Excluding Construction In Progress
PropertyPlantAndEquipmentGrossExcludingConstructionInProgress
|
1631100000 | USD |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
284300000 | USD |
CY2018Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
240500000 | USD |
CY2019Q4 | lad |
Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
|
1577000000.0 | USD |
CY2018Q4 | lad |
Property Plant And Equipment Net Before Construction In Progress
PropertyPlantAndEquipmentNetBeforeConstructionInProgress
|
1390600000 | USD |
CY2019Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
34700000 | USD |
CY2018Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
57400000 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1611700000 | USD |
CY2018Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1448000000.0 | USD |
CY2019 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
500000 | USD |
CY2018 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
1300000 | USD |
CY2017 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | USD |
CY2018Q4 | us-gaap |
Goodwill
Goodwill
|
434900000 | USD |
CY2019 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
5100000 | USD |
CY2019 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
17400000 | USD |
CY2019 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1700000 | USD |
CY2019 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
1100000 | USD |
CY2019Q4 | us-gaap |
Goodwill
Goodwill
|
454600000 | USD |
CY2017Q4 | us-gaap |
Goodwill
Goodwill
|
256300000 | USD |
CY2018 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
180700000 | USD |
CY2018 | us-gaap |
Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
|
2100000 | USD |
CY2008Q4 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
299300000 | USD |
CY2018 | us-gaap |
Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
|
180700000 | USD |
CY2019 | lad |
Goodwill Acquired During Period And Purchase Accounting Adjustments
GoodwillAcquiredDuringPeriodAndPurchaseAccountingAdjustments
|
22500000 | USD |
CY2017Q4 | us-gaap |
Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
|
187000000.0 | USD |
CY2018 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
103500000 | USD |
CY2018 | us-gaap |
Indefinite Lived Intangible Assets Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsPurchaseAccountingAdjustments
|
-1800000 | USD |
CY2018Q4 | us-gaap |
Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
|
288700000 | USD |
CY2019 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
20900000 | USD |
CY2019 | us-gaap |
Indefinite Lived Intangible Assets Purchase Accounting Adjustments
IndefiniteLivedIntangibleAssetsPurchaseAccountingAdjustments
|
3500000 | USD |
CY2019 | us-gaap |
Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
|
6000000.0 | USD |
CY2019 | lad |
Franchise Value Impairment
FranchiseValueImpairment
|
400000 | USD |
CY2019Q4 | us-gaap |
Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
|
306700000 | USD |
CY2018 | us-gaap |
Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
|
103500000 | USD |
CY2019 | lad |
Indefinitelived Intangible Assets Acquired And Purchase Accounting Adjustments
IndefinitelivedIntangibleAssetsAcquiredAndPurchaseAccountingAdjustments
|
24400000 | USD |
CY2019Q4 | lad |
Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
|
1642400000 | USD |
CY2018Q4 | lad |
Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
|
1733300000 | USD |
CY2019Q4 | lad |
Floor Plan Notes Payable
FloorPlanNotesPayable
|
425200000 | USD |
CY2018Q4 | lad |
Floor Plan Notes Payable
FloorPlanNotesPayable
|
324400000 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Due In Five Years
ChargeBacksFutureMinimumPaymentsDueInFiveYears
|
500000 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Due Thereafter
ChargeBacksFutureMinimumPaymentsDueThereafter
|
0 | USD |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1430600000 | USD |
CY2019Q4 | lad |
Floor Plan Debt
FloorPlanDebt
|
2067600000 | USD |
CY2018Q4 | lad |
Floor Plan Debt
FloorPlanDebt
|
2057700000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1480300000 | USD |
CY2018Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1390100000 | USD |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10400000 | USD |
CY2018Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
6000000.0 | USD |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
39300000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
25900000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
1358200000 | USD |
CY2019Q4 | lad |
Floor Plan Notes Payable
FloorPlanNotesPayable
|
425200000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
41900000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
49500000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
65800000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
60400000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
77600000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
1036100000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1331300000 | USD |
CY2019Q4 | lad |
Charge Backs Liabilities
ChargeBacksLiabilities
|
57000000.0 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Current
ChargeBacksFutureMinimumPaymentsCurrent
|
31200000 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Due In Two Years
ChargeBacksFutureMinimumPaymentsDueInTwoYears
|
16300000 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Due In Three Years
ChargeBacksFutureMinimumPaymentsDueInThreeYears
|
6800000 | USD |
CY2019Q4 | lad |
Charge Backs Future Minimum Payments Due In Four Years
ChargeBacksFutureMinimumPaymentsDueInFourYears
|
2200000 | USD |
CY2019Q4 | lad |
Charge Backs Liabilities
ChargeBacksLiabilities
|
57000000.0 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
172000000.0 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
34300000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
27400000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
21900000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
18200000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
15400000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
54800000 | USD |
CY2019Q4 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
172000000.0 | USD |
CY2019Q4 | lad |
Contracts Obligations Reserve
ContractsObligationsReserve
|
2900000 | USD |
CY2019Q4 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
34400000 | USD |
CY2018Q4 | us-gaap |
Self Insurance Reserve
SelfInsuranceReserve
|
39900000 | USD |
CY2019 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
40356 | shares |
CY2019 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
40356 | shares |
CY2018 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
30119 | shares |
CY2017 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
32457 | shares |
CY2019Q2 | lad |
Payments For Repurchase Of Capped Call Options
PaymentsForRepurchaseOfCappedCallOptions
|
36500000 | USD |
CY2019 | lad |
Proceeds From Capped Call Options Expirations
ProceedsFromCappedCallOptionsExpirations
|
38900000 | USD |
CY2018Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6700000 | USD |
CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.29 | |
CY2018Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
7200000 | USD |
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.29 | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.27 | |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | |
CY2017Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6300000 | USD |
CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.27 | |
CY2017Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6800000 | USD |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.27 | |
CY2017Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6700000 | USD |
CY2017Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.27 | |
CY2017Q4 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6700000 | USD |
CY2018Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
7000000.0 | USD |
CY2018Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.29 | |
CY2018Q4 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6800000 | USD |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.29 | |
CY2019Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6700000 | USD |
CY2019Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.30 | |
CY2019Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
7000000.0 | USD |
CY2019Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.30 | |
CY2019Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
7000000.0 | USD |
CY2019Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.30 | |
CY2019Q4 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
6900000 | USD |
CY2019 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
9800000 | USD |
CY2018 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
5700000 | USD |
CY2017 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
5800000 | USD |
CY2019 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
900000 | USD |
CY2018 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
1300000 | USD |
CY2017 | us-gaap |
Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
|
1100000 | USD |
CY2019 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
300000 | USD |
CY2018 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
800000 | USD |
CY2017 | us-gaap |
Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
|
1700000 | USD |
CY2019 | lad |
Guaranteed Annual Return
GuaranteedAnnualReturn
|
0.0500 | |
CY2018 | lad |
Guaranteed Annual Return
GuaranteedAnnualReturn
|
0.0500 | |
CY2017 | lad |
Guaranteed Annual Return
GuaranteedAnnualReturn
|
0.0500 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
75.73 | |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
86.84 | |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
|
99.24 | |
CY2019Q4 | lad |
Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
WeightedAveragePerShareDiscountForCompensationExpenseRecognizedUnderThe2009ESPP
|
17.83 | |
CY2018Q4 | lad |
Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
WeightedAveragePerShareDiscountForCompensationExpenseRecognizedUnderThe2009ESPP
|
13.10 | |
CY2017Q4 | lad |
Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
WeightedAveragePerShareDiscountForCompensationExpenseRecognizedUnderThe2009ESPP
|
15.20 | |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
92000000.0 | USD |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
92000000.0 | USD |
CY2017 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
69600000 | USD |
CY2019 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2700000 | USD |
CY2018 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3500000 | USD |
CY2017 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3500000 | USD |
CY2019 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
11300000 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
10600000 | USD |
CY2017 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
7800000 | USD |
CY2019 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
9800000 | USD |
CY2018 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
9000000.0 | USD |
CY2017 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
9000000.0 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
25200000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
238500000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
263700000 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
1100000 | USD |
CY2018Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
2000000.0 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
29500000 | USD |
CY2018Q4 | us-gaap |
Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
|
28800000 | USD |
CY2019Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
30600000 | USD |
CY2018Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
30800000 | USD |
CY2019Q4 | lad |
Lease Liability
LeaseLiability
|
294300000 | USD |
CY2018Q4 | lad |
Lease Liability
LeaseLiability
|
30800000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P13Y | |
CY2019Q4 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P13Y | |
CY2019Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0581 | |
CY2019Q4 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0508 | |
CY2019 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
48500000 | USD |
CY2019 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
1400000 | USD |
CY2019 | us-gaap |
Sublease Income
SubleaseIncome
|
4600000 | USD |
CY2019 | us-gaap |
Lease Cost
LeaseCost
|
45300000 | USD |
CY2018 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
43300000 | USD |
CY2017 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
33400000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
37700000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
35100000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
33100000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
28200000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
25700000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
210300000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
370100000 | USD |
CY2019Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
106400000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
263700000 | USD |
CY2019Q2 | lad |
Derivative Financial Instrument Period
DerivativeFinancialInstrumentPeriod
|
P5Y | |
CY2019Q2 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
300000000 | USD |
CY2017 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
112000000.0 | USD |
CY2019 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
34700000 | USD |
CY2018 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
20400000 | USD |
CY2017 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-14200000 | USD |
CY2019 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
5200000 | USD |
CY2019Q2 | lad |
Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
|
1600000000 | USD |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-1000000.0 | USD |
CY2019 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
24000000.0 | USD |
CY2018 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
11500000 | USD |
CY2017 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
16900000 | USD |
CY2019 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
64000000.0 | USD |
CY2018 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
41800000 | USD |
CY2019 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1700000 | USD |
CY2019 | lad |
Franchise Value Impairment
FranchiseValueImpairment
|
400000 | USD |
CY2019 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
40000000.0 | USD |
CY2018 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
30300000 | USD |
CY2017 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
95100000 | USD |
CY2018 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
9600000 | USD |
CY2017 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
4100000 | USD |
CY2019 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
39900000 | USD |
CY2018 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
30000000.0 | USD |
CY2017 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-10100000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
103900000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
71800000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
101900000 | USD |
CY2019Q4 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
10100000 | USD |
CY2018Q4 | us-gaap |
Income Tax Receivable
IncomeTaxReceivable
|
17100000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
78800000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
70900000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
121500000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
23600000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
16100000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
13300000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
2600000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1500000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1300000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
200000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-100000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
-800000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-500000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
500000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
300000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
900000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
1100000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
|
900000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
0 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-15800000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-32900000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
100000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
-200000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
|
100000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
103900000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
71800000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
101900000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
48400000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
|
47200000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
|
42100000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense
DeferredTaxAssetsTaxDeferredExpense
|
40800000 | USD |
CY2019Q4 | lad |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
69700000 | USD |
CY2018Q4 | lad |
Deferred Tax Assets Lease Liability
DeferredTaxAssetsLeaseLiability
|
0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
300000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
300000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
600000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1100000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
159900000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
87200000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
|
40000000.0 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
|
42000000.0 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
60700000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
|
48200000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
113600000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
|
78000000.0 | USD |
CY2019Q4 | lad |
Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
|
66600000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
10100000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
|
10200000 | USD |
CY2019Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
291000000.0 | USD |
CY2018Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
178400000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
131100000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
91200000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
600000 | USD |
CY2019 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
-500000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
2200000 | USD |
CY2019Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
0 | USD |
CY2019 | us-gaap |
Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
|
232300000 | USD |
CY2019 | us-gaap |
Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
|
3100000 | USD |
CY2019 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
366600000 | USD |
CY2018 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
373800000 | USD |
CY2018 | us-gaap |
Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
|
125100000 | USD |
CY2019 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
393000000.0 | USD |
CY2018 | us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
498900000 | USD |
CY2019 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2500000 | USD |
CY2018 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
4300000 | USD |
CY2019 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
13193400000 | USD |
CY2018 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
12831900000 | USD |
CY2019 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
280200000 | USD |
CY2018 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
275600000 | USD |
CY2019 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
12.07 | |
CY2018 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
11.31 | |
CY2019 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
11.98 | |
CY2018 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
|
11.26 | |
CY2019 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12672700000 | USD |
CY2018 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
11821400000 | USD |
CY2017 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
10086500000 | USD |
CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
375400000 | USD |
CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
337500000 | USD |
CY2017 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
347100000 | USD |
CY2019 | lad |
Floor Plan Interest Expense
FloorPlanInterestExpense
|
72800000 | USD |
CY2018 | lad |
Floor Plan Interest Expense
FloorPlanInterestExpense
|
62300000 | USD |
CY2017 | lad |
Floor Plan Interest Expense
FloorPlanInterestExpense
|
39300000 | USD |
CY2019Q4 | us-gaap |
Assets
Assets
|
6083900000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
5384000000.0 | USD |
CY2019 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
|
Recent Accounting Pronouncements<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326) - Measurement of Credit Losses on Financial Instruments.” This pronouncement, along with subsequent ASUs issued to clarify provisions of ASU 2016-13, changes the impairment model for most financial assets and will require the use of an “expected loss” model for instruments measured at amortized cost. Under this model, entities will be required to estimate the lifetime expected credit loss on such instruments and record an allowance to offset the amortized cost basis of the financial asset, resulting in a net presentation of the amount expected </span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">to be collected on the financial asset. In developing the estimate for lifetime expected credit loss, entities must incorporate historical experience, current conditions, and reasonable and supportable forecasts. This pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019. We have designed an allowance for loan loss methodology to comply with these new requirements, which will be adopted for our fiscal year beginning January 1, 2020. Based on information as of December 31, 2019, we expect to record a </span><span style="font-family:Times New Roman;font-size:10pt;"><span>$5.0 million</span></span><span style="font-family:Times New Roman;font-size:10pt;"> to </span><span style="font-family:Times New Roman;font-size:10pt;"><span>$8.0 million</span></span><span style="font-family:Times New Roman;font-size:10pt;"> increase in the allowance for loan losses on our opening consolidated balance sheet as of January 1, 2020, with a corresponding net-of-tax adjustment to retained earnings. The final adoption impact may vary depending on the company’s portfolio at the adoption date, as well as macroeconomic conditions and forecasts at that time. We are finalizing testing of the effectiveness of our new allowance for loan loss methodology, as well as designing the relevant controls and governance structure.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span 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. An entity should perform its annual, or interim, 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.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:Times New Roman;font-size:10pt;">In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes”. The pronouncement is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. We are currently in the process of evaluating the effects of this pronouncement on our consolidated financial statements.</span></div> | |
CY2019Q4 | us-gaap |
Equity Securities Fv Ni
EquitySecuritiesFvNi
|
66100000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
259700000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
5384000000.0 | USD |
CY2019Q1 | us-gaap |
Assets
Assets
|
5643700000 | USD |
CY2018Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
283600000 | USD |
CY2019Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
310200000 | USD |
CY2018Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
121700000 | USD |
CY2019Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
120400000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5643700000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
243900000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
122200000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
111900000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
4186800000 | USD |
CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
4445600000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1162100000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1163000000.0 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5384000000.0 | USD |