2021 Q4 Form 10-K Financial Statement

#000102312822000042 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $6.310B $6.170B $6.009B
YoY Change 60.07% 70.43% 117.84%
Cost Of Revenue $5.066B $4.981B $4.899B
YoY Change 53.83% 67.78% 113.53%
Gross Profit $1.244B $1.189B $1.111B
YoY Change 91.74% 82.49% 139.15%
Gross Profit Margin 19.71% 19.27% 18.48%
Selling, General & Admin $707.1M $673.3M $634.0M
YoY Change 75.81% 73.04% 108.21%
% of Gross Profit 56.85% 56.62% 57.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $35.80M $34.40M $30.30M
YoY Change 42.63% 49.57% 35.87%
% of Gross Profit 2.88% 2.89% 2.73%
Operating Expenses $742.9M $673.3M $634.0M
YoY Change 73.9% 73.04% 108.21%
Operating Profit $500.9M $479.5M $446.3M
YoY Change 126.14% 100.13% 244.1%
Interest Expense $54.80M -$54.80M -$35.70M
YoY Change -290.28% 141.41% 43.37%
% of Operating Profit 10.94% -11.43% -8.0%
Other Income/Expense, Net -$126.7M -$25.70M $7.600M
YoY Change -349.9% -1268.18% 117.14%
Pretax Income $431.8M $422.2M $419.4M
YoY Change 68.08% 92.7% 287.26%
Income Tax $139.2M $113.2M $114.5M
% Of Pretax Income 32.24% 26.81% 27.3%
Net Earnings $291.1M $307.9M $304.9M
YoY Change 55.17% 93.89% 292.41%
Net Earnings / Revenue 4.61% 4.99% 5.07%
Basic Earnings Per Share $10.18 $10.83
Diluted Earnings Per Share $9.639M $10.11 $10.75
COMMON SHARES
Basic Shares Outstanding 30.28M shares 30.30M shares 28.10M shares
Diluted Shares Outstanding 30.50M shares 28.40M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $174.8M $137.8M $780.9M
YoY Change 9.11% 141.33% 549.13%
Cash & Equivalents $153.0M $137.8M $780.9M
Short-Term Investments
Other Short-Term Assets $63.00M $112.5M $51.40M
YoY Change -10.64% 112.67% 1.58%
Inventory $2.386B $2.013B $2.239B
Prepaid Expenses
Receivables $910.0M $812.6M $799.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.533B $3.076B $3.871B
YoY Change 5.79% 11.82% 59.29%
LONG-TERM ASSETS
Property, Plant & Equipment $3.449B $2.353B $2.299B
YoY Change 56.93% 30.84% 38.26%
Goodwill $977.3M $740.3M $617.3M
YoY Change 64.81% 25.01% 4.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.389B $3.060B $2.680B
YoY Change 106.37% 383.6% 916.03%
Total Long-Term Assets $7.614B $7.129B $6.222B
YoY Change 66.88% 95.57% 100.13%
TOTAL ASSETS
Total Short-Term Assets $3.533B $3.076B $3.871B
Total Long-Term Assets $7.614B $7.129B $6.222B
Total Assets $11.15B $10.20B $10.09B
YoY Change 41.06% 59.55% 82.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $235.4M $248.1M $256.0M
YoY Change 48.8% 65.18% 105.13%
Accrued Expenses $753.6M $708.5M $601.7M
YoY Change 64.43% 76.16% 56.57%
Deferred Revenue
YoY Change
Short-Term Debt $1.190B $1.018B $1.252B
YoY Change -33.78% -36.5% -14.28%
Long-Term Debt Due $223.7M $206.9M $486.1M
YoY Change 238.94% 266.19% 757.32%
Total Short-Term Liabilities $2.403B $2.182B $2.596B
YoY Change -3.1% -1.38% 28.1%
LONG-TERM LIABILITIES
Long-Term Debt $3.186B $2.586B $2.522B
YoY Change 54.29% 43.75% 85.72%
Other Long-Term Liabilities $151.3M $165.6M $158.3M
YoY Change 2.58% 8.38% 20.2%
Total Long-Term Liabilities $151.3M $165.6M $158.3M
YoY Change 2.58% 8.38% 20.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.403B $2.182B $2.596B
Total Long-Term Liabilities $151.3M $165.6M $158.3M
Total Liabilities $6.484B $5.627B $5.864B
YoY Change 23.72% 19.68% 46.35%
SHAREHOLDERS EQUITY
Retained Earnings $2.860B $2.579B $2.282B
YoY Change 55.56% 55.48% 51.4%
Common Stock $1.770B $50.80M $1.951B
YoY Change 113.34% 39.56% 6381.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.626B $4.543B $4.228B
YoY Change
Total Liabilities & Shareholders Equity $11.15B $10.20B $10.09B
YoY Change 41.06% 59.55% 82.21%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income $291.1M $307.9M $304.9M
YoY Change 55.17% 93.89% 292.41%
Depreciation, Depletion And Amortization $35.80M $34.40M $30.30M
YoY Change 42.63% 49.57% 35.87%
Cash From Operating Activities -$192.0M $725.7M $767.1M
YoY Change -25.67% 6746.23% 14.78%
INVESTING ACTIVITIES
Capital Expenditures -$66.30M -$81.10M -$63.00M
YoY Change 57.11% 71.46% 71.66%
Acquisitions
YoY Change
Other Investing Activities -$261.0M -$660.9M -$1.315B
YoY Change -68.75% 28.6% 10770.25%
Cash From Investing Activities -$327.3M -$742.0M -$1.378B
YoY Change -62.7% 32.22% 2724.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 556.0M -627.6M 1.222B
YoY Change -55.12% -228.76% -319.83%
NET CHANGE
Cash From Operating Activities -192.0M 725.7M 767.1M
Cash From Investing Activities -327.3M -742.0M -1.378B
Cash From Financing Activities 556.0M -627.6M 1.222B
Net Change In Cash 36.70M -643.9M 610.6M
YoY Change -64.4% 918.83% 858.56%
FREE CASH FLOW
Cash From Operating Activities -$192.0M $725.7M $767.1M
Capital Expenditures -$66.30M -$81.10M -$63.00M
Free Cash Flow -$125.7M $806.8M $830.1M
YoY Change -41.83% 1293.44% 17.74%

Facts In Submission

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NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
171800000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
55400000 USD
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
260300000 USD
CY2021Q4 us-gaap Number Of Stores
NumberOfStores
278 store
CY2021Q4 lad Number Of New Vehicle Brands
NumberOfNewVehicleBrands
40 brand
CY2021Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
2 country
CY2021Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
25 state
CY2021 lad Accounts Receivable Threshold To Bear Interest Period
AccountsReceivableThresholdToBearInterestPeriod
P60D
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2000000 USD
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1600000 USD
CY2019 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2300000 USD
CY2021Q4 lad Restricted Cash On Deposit In Reserve Accounts
RestrictedCashOnDepositInReserveAccounts
3700000 USD
CY2020Q4 lad Restricted Cash On Deposit In Reserve Accounts
RestrictedCashOnDepositInReserveAccounts
0 USD
CY2019Q4 lad Restricted Cash On Deposit In Reserve Accounts
RestrictedCashOnDepositInReserveAccounts
0 USD
CY2021 lad Advertising Expense Gross
AdvertisingExpenseGross
197800000 USD
CY2020 lad Advertising Expense Gross
AdvertisingExpenseGross
121300000 USD
CY2019 lad Advertising Expense Gross
AdvertisingExpenseGross
139800000 USD
CY2021 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
35600000 USD
CY2020 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
23900000 USD
CY2019 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
27900000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
162200000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
97400000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
111900000 USD
CY2021 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Concentration of Risk and Uncertainties</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 “Goodwill” and “Franchise Value” above. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have a credit facility with a syndicate of 20 financial institutions, including eight 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 January 2025. 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 Note 6.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Estimates are also used in our allowance for loan losses, which represents the net credit losses expected over the remaining contractual life of our managed receivables. Because net loss performance can vary substantially over time, estimating net losses requires assumptions about matters that are uncertain. The allowance for loan losses is determined using a net loss timing curve, primarily based on the composition of the portfolio of managed receivables and historical gross loss and recovery trends. Determining the appropriateness of the allowance for loan losses requires management to exercise judgement about matters that are inherently uncertain, including the timing and distribution of net losses that could materially affect the allowance or loan losses and, therefore, net earnings.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>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. The annual activity for reserve increases and claims is immaterial.
CY2021Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
600000 USD
CY2020Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
500000 USD
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
239000000 USD
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
194100000 USD
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
35000000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31100000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
9600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
8200000 USD
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
17300000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5900000 USD
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain immaterial reclassifications of amounts previously reported have been made to the accompanying Consolidated Financial Statements to maintain consistency and comparability between periods presented. We reclassified certain components within cash provided by operating activities and changes in restricted cash within the Consolidated Statements of Cash Flows.</span></div>
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1529900000 USD
CY2020Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
720900000 USD
CY2021Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
602600000 USD
CY2020Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
101000000.0 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
910000000.0 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
614000000.0 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
2385500000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
2492900000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
3381300000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
2485500000 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
422600000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
338000000.0 USD
CY2021Q4 lad Property Plant And Equipment And Finance Lease Right Of Use Asset Net Before Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetNetBeforeConstructionInProgress
2958700000 USD
CY2020Q4 lad Property Plant And Equipment And Finance Lease Right Of Use Asset Net Before Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetNetBeforeConstructionInProgress
2147500000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
93900000 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
50000000.0 USD
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3052600000 USD
CY2020Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
2197500000 USD
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2019Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
500000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
454600000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
144900000 USD
CY2020 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
3000000.0 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
3500000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
593000000.0 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
395500000 USD
CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
11200000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
977300000 USD
CY2008Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
299300000 USD
CY2020 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
144900000 USD
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
395500000 USD
CY2019Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
306700000 USD
CY2020 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
51900000 USD
CY2020 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
4000000.0 USD
CY2020 lad Franchise Value Impairment
FranchiseValueImpairment
4400000 USD
CY2020Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
350200000 USD
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
459700000 USD
CY2021 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
IndefiniteLivedIntangibleAssetsWrittenOffRelatedToSaleOfBusinessUnit
8900000 USD
CY2021 lad Franchise Value Impairment
FranchiseValueImpairment
1900000 USD
CY2021Q4 us-gaap Indefinite Lived Franchise Rights
IndefiniteLivedFranchiseRights
799100000 USD
CY2020 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
51900000 USD
CY2021 us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
459700000 USD
CY2021Q4 lad Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
835900000 USD
CY2020Q4 lad Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
1563000000 USD
CY2021Q4 lad Floor Plan Notes Payable
FloorPlanNotesPayable
354200000 USD
CY2020Q4 lad Floor Plan Notes Payable
FloorPlanNotesPayable
234200000 USD
CY2021Q4 lad Total Floor Plan Debt
TotalFloorPlanDebt
1190100000 USD
CY2020Q4 lad Total Floor Plan Debt
TotalFloorPlanDebt
1797200000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
53600000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
246400000 USD
CY2021Q4 lad Long Term Debt Gross And Lease Obligation
LongTermDebtGrossAndLeaseObligation
3435900000 USD
CY2020Q4 lad Long Term Debt Gross And Lease Obligation
LongTermDebtGrossAndLeaseObligation
2149300000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
26500000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
18600000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
223700000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
66000000.0 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3185700000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2064700000 USD
CY2021Q4 lad Debt Covenant Current Ratio
DebtCovenantCurrentRatio
1.10
CY2021Q4 lad Current Ratio
CurrentRatio
1.82
CY2021Q4 lad Debt Covenant Fixed Charge Coverage Ratio
DebtCovenantFixedChargeCoverageRatio
1.20
CY2021Q4 lad Leverage Ratio
LeverageRatio
1.48
CY2020Q3 lad Debt Instrument Number Of Manufacturer Affiliated Finance Companies
DebtInstrumentNumberOfManufacturerAffiliatedFinanceCompanies
2 finance_company
CY2021Q4 lad Floor Plan Notes Payable
FloorPlanNotesPayable
354200000 USD
CY2021Q4 lad Fixed Charge Coverage Ratio
FixedChargeCoverageRatio
5.53
CY2021Q4 lad Debt Covenant Leverage Ratio
DebtCovenantLeverageRatio
5.75
CY2021Q4 us-gaap Non Recourse Debt
NonRecourseDebt
344400000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
97600000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
62800000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
86000000.0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
53500000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
64700000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2033800000 USD
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
2398400000 USD
CY2021Q4 lad Charge Backs Liabilities
ChargeBacksLiabilities
96300000 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due In One Year
ChargeBacksFutureMinimumPaymentsDueInOneYear
67000000.0 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due In Two Years
ChargeBacksFutureMinimumPaymentsDueInTwoYears
19600000 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due In Three Years
ChargeBacksFutureMinimumPaymentsDueInThreeYears
7000000.0 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due In Four Years
ChargeBacksFutureMinimumPaymentsDueInFourYears
2200000 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due In Five Years
ChargeBacksFutureMinimumPaymentsDueInFiveYears
400000 USD
CY2021Q4 lad Charge Backs Future Minimum Payments Due Thereafter
ChargeBacksFutureMinimumPaymentsDueThereafter
100000 USD
CY2021Q4 lad Charge Backs Liabilities
ChargeBacksLiabilities
96300000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
240500000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
48200000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
38800000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
30700000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25300000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
21400000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
76100000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
240500000 USD
CY2021Q4 lad Contracts Obligations Reserve
ContractsObligationsReserve
2400000 USD
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
56400000 USD
CY2020Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
39100000 USD
CY2021 lad Common Stock Number Of Votes
CommonStockNumberOfVotes
1 vote
CY2021Q4 lad Stock Repurchase Program Additional Authorized Amount
StockRepurchaseProgramAdditionalAuthorizedAmount
750000000 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
756883 shares
CY2021 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
283.75
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
4475931 shares
lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
117.80
CY2021Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
722800000 USD
CY2021 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
756883 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
563953 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
214800000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
46100000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2021 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
283.75
CY2020 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
81.71
CY2019 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
0
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
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
7000000.0 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.30
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6800000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
7100000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2020Q4 us-gaap Dividends Common Stock
DividendsCommonStock
8200000 USD
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
8300000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
9300000 USD
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q3 us-gaap Dividends Common Stock
DividendsCommonStock
10600000 USD
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2021Q4 us-gaap Dividends Common Stock
DividendsCommonStock
10600000 USD
CY2021Q3 lad Redeemable Non Controlling Interest Redemption Feature Period
RedeemableNonControllingInterestRedemptionFeaturePeriod
P3Y
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
18800000 USD
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
9000000 USD
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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9800000 USD
CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
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1400000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
1200000 USD
CY2019 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
900000 USD
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
900000 USD
CY2020 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
900000 USD
CY2019 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
300000 USD
CY2021 lad Guaranteed Annual Return
GuaranteedAnnualReturn
0.0500
CY2020 lad Guaranteed Annual Return
GuaranteedAnnualReturn
0.0500
CY2019 lad Guaranteed Annual Return
GuaranteedAnnualReturn
0.0500
CY2019 lad Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
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17.83
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
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107500000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
312.83
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
130.89
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Grant Date Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue
75.73
CY2021 lad Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
WeightedAveragePerShareDiscountForCompensationExpenseRecognizedUnderThe2009ESPP
50.58
CY2020 lad Weighted Average Per Share Discount For Compensation Expense Recognized Under The2009 Espp
WeightedAveragePerShareDiscountForCompensationExpenseRecognizedUnderThe2009ESPP
22.97
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
108500000 USD
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
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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11900000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3700000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2700000 USD
CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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29600000 USD
CY2020 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
14800000 USD
CY2019 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
11300000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
41800000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
13600000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
9800000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
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49000000.0 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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30800000 USD
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361700000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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246700000 USD
CY2021Q4 us-gaap Operating Lease Liability
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410700000 USD
CY2020Q4 us-gaap Operating Lease Liability
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277500000 USD
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16300000 USD
CY2020Q4 us-gaap Finance Lease Liability Current
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6000000.0 USD
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253900000 USD
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P8Y
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y
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37300000 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
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240400000 USD
CY2021Q4 us-gaap Finance Lease Liability
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53600000 USD
CY2020Q4 us-gaap Finance Lease Liability
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246400000 USD
CY2021Q4 lad Lease Liability
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464300000 USD
CY2020Q4 lad Lease Liability
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523900000 USD
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58700000 USD
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P11Y
CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P12Y
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0.0412
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0.0469
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0.0242
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41300000 USD
CY2021 us-gaap Operating Lease Cost
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53100000 USD
CY2020 us-gaap Operating Lease Cost
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41600000 USD
CY2021 us-gaap Variable Lease Cost
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3500000 USD
CY2020 us-gaap Variable Lease Cost
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3100000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
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5900000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4500000 USD
CY2021 us-gaap Finance Lease Interest Expense
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4200000 USD
CY2020 us-gaap Finance Lease Interest Expense
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3400000 USD
CY2021 us-gaap Sublease Income
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6400000 USD
CY2020 us-gaap Sublease Income
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4900000 USD
CY2021 us-gaap Lease Cost
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60300000 USD
CY2020 us-gaap Lease Cost
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47700000 USD
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60500000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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18300000 USD
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54100000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Two
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3600000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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47800000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
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9200000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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44700000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Four
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2900000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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40600000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Five
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2900000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
256100000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due After Year Five
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29900000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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503800000 USD
CY2021Q4 us-gaap Finance Lease Liability Payments Due
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66800000 USD
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93100000 USD
CY2021Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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13200000 USD
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CY2021Q4 us-gaap Finance Lease Liability
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53600000 USD
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1900000 USD
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1900000 USD
CY2020Q2 lad Franchise Value Impairment
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4400000 USD
CY2020Q2 us-gaap Goodwill Impairment Loss
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3500000 USD
CY2019Q1 us-gaap Asset Impairment Charges
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500000 USD
CY2019Q4 lad Franchise Value Impairment
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400000 USD
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1700000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
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40000000.0 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
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111600000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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50300000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
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24000000.0 USD
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1200000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2021 us-gaap Current Income Tax Expense Benefit
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379000000.0 USD
CY2020 us-gaap Current Income Tax Expense Benefit
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159200000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
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64000000.0 USD
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38200000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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17600000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
34700000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3800000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1400000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
5200000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1100000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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0 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
43100000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
19000000.0 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
39900000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
422100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
178200000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
103900000 USD
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
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43000000 USD
CY2020Q4 us-gaap Taxes Payable Current And Noncurrent
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33100000 USD
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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311700000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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136200000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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78800000 USD
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
23600000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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4800000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
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2800000 USD
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20100000 USD
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2600000 USD
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-500000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
200000 USD
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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25300000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
500000 USD
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-500000 USD
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2300000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1300000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
900000 USD
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
500000 USD
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
0 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
100000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
100000 USD
CY2021 us-gaap Income Tax Expense Benefit
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422100000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
178200000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
103900000 USD
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95300000 USD
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
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64200000 USD
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
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72800000 USD
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense
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55600000 USD
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CY2020Q4 us-gaap Deferred Tax Assets Other
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3400000 USD
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26400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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1100000 USD
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249900000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
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195500000 USD
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76500000 USD
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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185900000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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139000000.0 USD
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CY2020Q4 lad Deferred Tax Liabilities Right Of Use Asset
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44900000 USD
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112300000 USD
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11600000 USD
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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191000000.0 USD
CY2020Q4 us-gaap Deferred Tax Liabilities
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146300000 USD
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26400000 USD
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4600000 USD
CY2020 us-gaap Business Combination Acquisition Related Costs
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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200000 USD
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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100000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits
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300000 USD
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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200000 USD
CY2021 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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4130000000 USD
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211300000 USD
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CY2021 us-gaap Business Acquisitions Pro Forma Revenue
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25519800000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
19528500000 USD
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1123700000 USD
CY2020 us-gaap Business Acquisitions Pro Forma Net Income Loss
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621400000 USD
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
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39.02
CY2020 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
26.08
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
38.73
CY2020 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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22831700000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
13124300000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
12672700000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1484800000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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648500000 USD
CY2021Q4 us-gaap Assets
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11146900000 USD
CY2020Q4 us-gaap Assets
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7902100000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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375400000 USD
CY2021 lad Floor Plan Interest Expense
FloorPlanInterestExpense
22300000 USD
CY2020 lad Floor Plan Interest Expense
FloorPlanInterestExpense
34400000 USD
CY2019 lad Floor Plan Interest Expense
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72800000 USD
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7300000 USD
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505000000.0 USD
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388500000 USD
CY2019Q4 us-gaap Assets
Assets
6083900000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
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131100000 USD
CY2019Q4 us-gaap Liabilities
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4616200000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
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1401800000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
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6083900000 USD
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66000000.0 USD
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NetInvestmentInOperatingLeasesAccumulatedDepreciation
900000 USD
CY2020Q4 lad Net Investment In Operating Leases Accumulated Depreciation
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0 USD
CY2021Q4 lad Net Investment In Operating Leases
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65100000 USD
CY2020Q4 lad Net Investment In Operating Leases
NetInvestmentInOperatingLeases
0 USD

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0001023128-22-000042-index-headers.html Edgar Link pending
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