Group 1 Automotive, Inc GPI Balance Sheet

Group 1 automotive, inc (GPI)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
19	23	41	37	33	15	32	41	33	28	66	26	33	20	22	24	22	13	21	24	26	40	50	21	17	20	26	10	17	4	38	9	21	14	11	12	19
Contracts-in-transit and vehicle receivables, net
115	253	256	252	261	265	235	249	297	306	288	217	213	269	206	212	209	252	205	233	225	237	190	210	208	225	160	185	190	204	150	150	149	167	100	105	113
Accounts and notes receivable, net
177	225	222	188	185	194	169	178	200	188	187	158	152	173	156	151	154	157	147	144	137	151	138	142	131	135	123	132	131	111	98	114	85	92	71	71	75
Inventories, net
1,992	1,901	1,792	1,793	1,860	1,844	1,733	1,721	1,804	1,763	1,651	1,803	1,729	1,651	1,687	1,784	1,826	1,737	1,634	1,657	1,547	1,556	1,490	1,514	1,537	1,542	1,351	1,358	1,353	1,194	1,107	1,071	966	867	719	779	777
Prepaid expenses
82	96	-	-	-	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
12	15	-	-	-	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	12	13	11	17	16	18	21	22	22	19	19	19	18	18	16	16	15	14
Prepaid Expense and Other Assets, Current
-	-	74	89	92	-	77	80	77	42	38	87	23	34	25	28	41	27	22	27	33	37	41	119	23	24	23	21	25	31	33	20	10	16	18	10	17
TOTAL CURRENT ASSETS
2,399	2,516	2,386	2,362	2,433	2,402	2,248	2,271	2,413	2,329	2,232	2,293	2,153	2,150	2,098	2,201	2,254	2,188	2,044	2,099	1,982	2,035	1,929	2,024	1,936	1,967	1,707	1,730	1,739	1,566	1,446	1,385	1,251	1,175	937	995	1,019
Property and equipment, net of accumulated depreciation of $405.7 and $400.2, respectively
1,549	1,547	1,484	1,422	1,370	1,347	1,350	1,348	1,357	1,318	1,269	1,167	1,152	1,125	1,118	1,081	1,063	1,033	978	965	944	950	859	837	827	796	716	706	699	667	649	638	604	585	550	550	506
Operating lease assets
218	220	204	202	214	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
999	1,008	979	963	965	963	968	945	960	913	914	878	877	876	880	881	886	854	912	887	847	830	824	786	747	737	689	680	681	582	564	563	546	531	526	526	507
Intangible franchise rights
251	253	252	259	260	259	276	287	295	285	294	285	285	284	310	322	319	307	339	331	305	303	335	314	301	301	279	274	285	196	194	195	182	170	166	166	158
Investment in Subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
22	24	21	14	18	27	36	33	31	24	20	18	21	23	12	12	9	11	15	19	18	21	13	14	14	16	15	16	20	10	11	12	14	12	13	8	9
TOTAL ASSETS
5,441	5,570	5,329	5,225	5,263	5,001	4,880	4,886	5,058	4,871	4,730	4,644	4,489	4,461	4,421	4,500	4,533	4,396	4,292	4,302	4,098	4,141	3,962	3,976	3,825	3,819	3,409	3,409	3,425	3,023	2,866	2,795	2,599	2,476	2,195	2,247	2,201
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $82.6 and $106.8, respectively
1,168	1,144	1,199	1,129	1,255	1,258	1,155	1,147	1,199	1,240	1,077	1,214	1,170	1,136	1,110	1,239	1,239	1,265	1,177	1,205	1,138	1,143	1,077	1,122	1,108	1,143	960	1,016	1,001	968	910	886	800	718	437	503	560
Offset account related to floorplan notes payable - credit facility
-	-	-	-	72	-	71	119	74	86	46	55	97	59	59	35	104	110	28	22	79	39	37	64	33	56	47	81	59	112	128	101	110	109	-	-	-
Floorplan notes payable — manufacturer affiliates, net of offset account of $0.2 and $4.1, respectively
484	459	410	426	444	417	415	404	420	397	399	430	392	392	387	397	437	389	347	308	290	307	293	298	314	346	308	301	291	211	172	174	154	155	122	136	103
Offset account related to floorplan notes payable - manufacturer affiliates
-	-	-	-	26	-	20	24	24	22	22	21	26	25	22	27	30	25	20	23	21	22	25	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Current maturities of long-term debt
354	59	66	71	96	93	76	76	58	77	80	53	46	72	62	42	37	54	55	76	69	72	41	30	29	36	27	24	37	31	30	25	15	14	14	12	53
Current operating lease liabilities
24	24	23	23	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current liabilities from interest rate risk management activities
-	-	-	-	-	-	0	0	1	1	0	1	2	3	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	2	4	7	7	0	1
Accounts payable
410	527	483	485	507	419	428	442	491	412	436	330	347	356	354	313	327	280	290	304	250	288	292	283	280	254	201	237	255	167	164	166	144	148	128	109	92
Accrued expenses and other current liabilities
197	206	213	198	208	197	207	189	194	177	208	173	185	176	193	182	194	185	158	161	169	172	160	142	150	140	133	144	136	128	117	117	113	109	92	95	83
TOTAL CURRENT LIABILITIES
2,640	2,422	2,397	2,335	2,436	2,386	2,190	2,116	2,267	2,198	2,136	2,126	2,021	2,053	2,026	2,111	2,103	2,039	1,981	2,010	1,817	1,922	1,802	1,813	1,850	1,865	1,584	1,642	1,663	1,395	1,268	1,270	1,122	1,044	801	857	894
Long-term Debt and Lease Obligation
1,137	1,432	1,308	1,295	1,262	1,281	1,304	1,357	1,376	1,318	1,292	1,263	1,224	1,212	1,232	1,250	1,256	1,199	1,084	1,041	1,077	1,008	938	938	665	663	560	541	549	555	546	516	494	482	473	453	412
Long-term operating lease liabilities
208	210	195	193	204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
135	145	131	134	136	134	137	138	134	124	181	174	168	161	148	140	138	136	-147	-147	-142	141	-148	-152	-150	-152	-136	-130	-135	-94	-90	-83	-83	-78	70	70	-58
DEFERRED REVENUES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	-
Liabilities from interest rate risk management activities
-	-	-	-	2	-	0	1	3	8	16	18	17	20	45	49	43	31	39	29	33	25	23	27	25	26	29	28	40	43	44	38	27	26	25	16	16
Other long-term liabilities
102	99	110	102	93	102	99	99	98	97	93	89	87	83	81	80	78	71	69	69	67	65	64	55	49	47	46	44	44	42	41	40	38	36	33	33	34
Commitments and Contingencies (Note 12)
-	-	-	0	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	0
TEMPORARY EQUITY - redeemable equity portion of the 3.00% Convertible Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	22	28	29	29	30	31	32	33	-	34	0	-	-	-
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.01 par value, 1,000,000 shares authorized; none issued or outstanding
-	-	-	-	-	0	-	-	-	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,448,274 and 25,486,711 shares issued, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
287	295	291	288	287	292	290	288	286	291	288	287	285	290	287	284	283	291	288	287	283	286	286	259	368	368	369	367	363	332	334	368	330	363	368	367	363
Retained earnings
1,566	1,542	1,499	1,466	1,422	1,394	1,368	1,339	1,288	1,246	1,141	1,116	1,082	1,053	1,027	996	955	926	964	924	882	852	838	816	803	776	758	729	696	677	664	636	610	591	573	554	519
Accumulated other comprehensive income (loss)
-206	-147	-169	-152	-138	-137	-128	-126	-105	-123	-126	-136	-140	-146	-157	-154	-144	-137	-145	-103	-117	-81	-59	-39	-44	-51	-46	-48	-38	-33	-34	-33	-26	-29	-27	-17	-18
Treasury stock, at cost; 7,272,601 and 6,858,503 shares, respectively
474	435	436	438	443	454	382	328	290	290	292	295	258	267	270	260	181	161	138	104	90	79	79	69	70	58	58	58	60	117	122	125	116	118	125	91	80
TOTAL STOCKHOLDERS’ EQUITY
1,174	1,255	1,186	1,164	1,127	1,095	1,148	1,172	1,178	1,124	1,011	971	968	930	886	867	912	918	969	1,004	959	978	985	967	1,057	1,035	1,022	990	961	860	842	845	798	807	788	813	784
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
5,441	5,570	5,329	5,225	5,263	5,001	4,880	4,886	5,058	4,871	4,730	4,644	4,489	4,461	4,421	4,500	4,533	4,396	4,292	4,302	4,098	4,141	3,962	3,976	3,825	3,819	3,409	3,409	3,425	3,023	2,866	2,795	2,599	2,476	2,195	2,247	2,201