LITHIA MOTORS INC LAD Income Statement

Lithia motors inc (LAD)

Income statement / Quarterly

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	Mar'11	Sep'10	Jun'10
Revenues:
Total revenues
2,803,800	3,268,900	3,332,400	3,221,700	2,849,700	2,973,200	3,092,000	3,096,500	2,659,700	2,703,021	2,680,342	2,467,036	2,236,101	2,292,033	2,269,967	2,133,339	1,982,861	1,993,282	2,084,845	1,996,947	1,789,178	1,793,307	1,297,111	1,221,802	1,078,106	1,024,874	1,069,290	1,008,505	903,080	877,373	878,526	822,342	738,246	662,187	715,215	672,487	582,857	572,997	530,152
Cost of sales:
Total cost of sales
2,342,900	2,770,300	2,821,500	2,728,100	2,399,000	2,531,200	2,625,800	2,635,800	2,251,600	2,306,865	2,277,321	2,091,765	1,894,449	1,957,212	1,932,706	1,811,303	1,675,679	1,699,859	1,773,658	1,699,298	1,515,803	1,532,186	1,099,271	1,029,502	906,045	865,581	903,901	848,672	756,642	739,013	736,016	688,246	613,912	555,871	594,980	555,350	481,261	469,808	435,190
Gross profit
460,900	498,600	510,900	493,600	450,700	442,000	466,200	460,700	408,100	396,156	403,021	375,271	341,652	334,821	337,261	322,036	307,182	293,423	311,187	297,649	273,375	261,121	197,840	192,300	172,061	159,293	165,389	159,833	146,438	138,360	142,510	134,096	124,334	106,316	120,235	117,137	101,596	103,189	94,962
Asset impairments
0	2,100	0	0	500	1,300	0	0	0	-	-	-	-	3,506	3,498	3,498	3,498	5,733	4,131	6,130	4,130	1,853	0	0	0	-	-	-	-	0	0	0	115	504	0	490	382	-	13,260
Selling, general and administrative
346,000	352,300	343,200	356,500	321,800	313,500	309,000	333,300	297,500	267,097	282,241	257,290	242,772	236,834	228,134	215,526	219,106	200,219	223,728	195,610	191,618	184,288	131,627	125,463	121,829	108,416	108,570	109,283	101,131	97,127	95,132	92,990	88,439	72,401	84,360	82,768	77,134	76,211	74,155
Depreciation and amortization
22,000	21,500	20,900	20,200	19,800	20,200	19,600	18,800	16,800	16,102	14,828	14,031	12,739	12,928	12,206	12,503	11,663	11,056	10,531	10,287	9,726	8,964	6,067	5,825	5,507	5,316	5,099	4,899	4,721	-	-	-	-	-	-	-	-	-	-
Operating income
92,900	122,700	146,800	116,900	108,600	107,000	137,600	108,600	93,800	112,957	105,952	103,950	86,141	81,553	93,423	90,509	72,915	76,415	72,797	85,622	67,901	66,016	60,146	61,012	44,725	45,561	51,720	45,651	40,586	36,792	43,027	36,908	31,642	29,422	31,746	29,662	19,988	22,796	3,155
Floor plan interest expense
14,000	17,400	17,900	19,400	18,100	17,200	16,000	15,600	13,500	11,287	10,629	9,332	8,052	7,296	6,186	6,209	5,909	5,279	4,951	4,655	4,649	4,535	3,127	3,215	2,984	2,979	2,909	3,036	3,449	3,490	3,370	3,054	2,902	2,566	1,977	3,359	2,462	3,047	2,535
Interest Expense, Debt
17,000	15,500	14,800	15,000	15,300	15,400	15,000	13,800	11,800	11,055	9,905	7,169	6,671	6,592	5,647	5,502	5,459	4,791	4,900	4,972	4,828	4,848	2,051	1,869	1,974	2,115	1,933	1,941	2,361	2,239	2,125	2,530	2,727	3,508	3,067	3,011	3,292	3,718	3,529
Other income, net
2,300	4,900	3,300	3,000	2,600	3,500	2,400	1,600	1,300	843	1,125	387	9,845	-1,566	-1,513	-1,495	-1,526	25	-307	-356	-368	89	1,027	1,146	937	773	835	584	801	755	453	819	498	233	213	171	77	73	214
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
64,200	94,700	117,400	85,500	77,800	77,900	109,000	80,800	69,800	91,458	86,543	87,836	81,263	66,099	80,077	77,303	60,021	66,370	62,639	75,639	58,056	56,722	55,995	57,074	40,704	41,240	47,713	41,258	35,577	31,818	37,985	32,143	26,511	23,581	26,915	23,463	14,311	16,104	-2,695
Income tax provision
18,000	26,700	32,200	23,600	21,400	18,100	15,900	20,100	17,700	2,071	34,657	34,636	30,536	14,738	26,036	25,875	19,751	18,638	19,248	24,416	17,403	15,583	21,458	21,904	16,010	14,080	16,822	15,977	13,695	12,154	14,893	12,138	9,877	7,766	10,594	8,777	5,923	6,545	-1,132
Income from continuing operations, net of income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,139	34,537	35,170	24,694	27,160	30,891	25,281	21,882	19,664	23,092	20,005	16,634	15,815	16,321	14,686	8,388	9,559	-1,563
Income from discontinued operations, net of income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	3,139	40	212	127	274	173	168	151	486	162	2,951	242	140	317	233	-156
Net Income (Loss) Attributable to Parent
46,200	68,000	85,200	61,900	56,400	59,800	93,100	60,700	52,100	89,387	51,886	53,200	50,727	51,361	54,041	51,428	40,270	47,732	43,391	51,223	40,653	41,140	34,537	38,309	24,734	27,372	31,018	25,555	22,055	19,832	23,243	20,491	16,796	18,766	16,563	14,826	8,705	9,792	-1,719
Basic income per share from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.57	1.32	1.35	0.95	1.06	1.19	0.98	0.85	0.76	0.91	0.78	0.64	0.60	0.62	0.56	0.32	0.37	-0.06
Basic income per share from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.12	0.00	0.00	0.01	0.01	0.01	0.01	0.00	0.02	0.01	0.11	0.01	0.01	0.01	-	-0.01
Earnings Per Share, Basic
1.99	2.95	3.67	2.65	2.43	2.53	3.85	2.45	2.08	3.58	2.07	2.12	2.01	2.03	2.15	2.02	1.56	1.81	1.65	1.95	1.55	1.57	1.32	1.47	0.95	1.06	1.20	0.99	0.86	0.77	0.91	0.80	0.65	0.72	0.63	0.56	0.33	0.37	-0.07
Weighted Average Number of Shares Outstanding, Basic
23,300	23,000	23,200	23,400	23,200	23,500	24,200	24,800	25,100	25,159	25,008	25,053	25,180	25,128	25,194	25,462	25,816	26,256	26,289	26,332	26,283	26,274	26,118	26,119	25,973	25,946	25,866	25,782	25,626	25,599	25,469	25,730	25,986	25,953	26,189	26,437	26,341	26,120	26,014
Diluted income per share from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.55	1.31	1.34	0.94	1.03	1.18	0.97	0.84	0.75	0.89	0.76	0.63	0.60	0.61	0.55	0.31	0.36	-0.06
Diluted income per share from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.11	0.00	0.00	0.01	0.01	0.01	-	0.01	0.02	-	0.11	0.01	0.00	0.02	0.01	-0.01
Earnings Per Share, Diluted
1.97	2.91	3.64	2.63	2.42	2.51	3.84	2.44	2.07	3.55	2.07	2.12	2.01	2.02	2.14	2.01	1.55	1.81	1.64	1.93	1.53	1.56	1.31	1.45	0.94	1.04	1.18	0.98	0.85	0.76	0.90	0.78	0.63	0.71	0.62	0.55	0.33	0.37	-0.07
Weighted Average Number of Shares Outstanding, Diluted
23,500	23,500	23,400	23,500	23,200	23,600	24,300	24,900	25,200	24,968	25,076	25,106	25,250	25,203	25,290	25,534	25,973	26,465	26,480	26,496	26,519	26,518	26,359	26,331	26,320	26,339	26,237	26,134	26,054	26,070	25,947	26,185	26,478	26,448	26,654	26,860	26,694	26,328	26,014
Cash dividends paid per Class A and Class B share (in dollars per share)
0.30	0.30	0.30	0.30	0.29	0.29	0.29	0.29	0.27	0.27	0.27	0.27	0.25	0.25	0.25	0.25	0.20	-	0.20	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New vehicle retail
Total revenues
1,373,500	-	-	-	1,461,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
1,295,300	-	-	-	1,375,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New vehicle
Total revenues
-	-	1,824,800	1,707,400	-	1,688,300	1,733,000	1,726,800	1,454,700	1,615,730	1,553,511	1,384,055	1,210,304	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
-	-	1,724,800	1,612,000	-	1,592,500	1,632,100	1,625,300	1,367,800	1,514,632	1,465,466	1,303,516	1,140,186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Used vehicle retail
Total revenues
874,400	894,700	916,300	888,300	827,900	753,400	805,900	804,100	715,600	629,362	679,180	633,635	602,223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
784,400	804,600	816,600	795,100	743,300	677,500	719,600	717,000	642,000	564,509	600,522	559,129	533,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Used vehicle wholesale
Total revenues
66,700	67,700	74,400	81,700	77,400	78,000	92,000	85,300	76,000	71,046	65,739	69,512	71,503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
66,100	67,800	73,300	79,900	76,500	76,800	90,600	83,400	75,000	70,649	64,565	67,800	69,986	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance and insurance
Total revenues
121,900	135,800	136,300	129,000	117,500	112,700	121,100	114,500	106,500	103,228	101,044	94,851	86,777	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service, body and parts
Total revenues
329,900	331,700	340,500	335,500	317,400	313,900	311,300	311,400	285,700	271,538	265,683	246,005	232,574	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
161,800	165,400	169,000	165,200	157,900	159,700	156,900	157,700	147,300	146,604	133,191	123,525	119,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fleet and other
Total revenues
37,400	33,200	40,100	79,800	48,400	26,900	28,700	54,400	21,200	12,117	15,185	38,978	32,720	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of sales
35,300	31,000	37,800	75,900	46,100	24,700	26,600	52,400	19,500	10,471	13,577	37,795	31,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-