$2 B

LAD Mkt cap, 20-Sep-2018

$5.8 B

Lithia Motors Revenue Q2, 2018
Lithia Motors Gross profit (Q2, 2018)868.8 M
Lithia Motors Gross profit margin (Q2, 2018), %15.1%
Lithia Motors Net income (Q2, 2018)112.7 M
Lithia Motors EBIT (Q2, 2018)202.3 M
Lithia Motors Cash, 30-Jun-201830 M
Lithia Motors EV2 B

Lithia Motors Revenue

Lithia Motors revenue was $8.68 b in FY, 2016 which is a 90.6% year over year increase from the previous period.

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Lithia Motors Revenue Breakdown

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Lithia Motors revenue breakdown by business segment: 17.6% from Luxury, 43.4% from Import and 39.0% from Domestic

Lithia Motors Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

4 b5.4 b4.6 b8.7 b

Revenue growth, %

35%(16%)91%

Cost of goods sold

3.4 b4.6 b4.3 b7.4 b

Gross profit

631 m823.3 m280.4 m1.3 b

Gross profit Margin, %

16%15%6%15%

General and administrative expense

899.6 m

Operating expense total

899.6 m

EBIT

183.5 m231.9 m302.7 m338.4 m

EBIT margin, %

5%4%7%4%

Pre tax profit

165.8 m210.5 m262.7 m283.5 m

Income tax expense

(60.6 m)(75 m)(79.7 m)(86.5 m)

Net Income

106 m138.7 m183 m197.1 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

1.2 b1.1 b1.2 b1.3 b2.2 b2.5 b2.7 b5.8 b

Cost of goods sold

903.9 m906 m1 b1.1 b1.5 b1.7 b1.2 b1 b1.1 b1.2 b1.9 b2.1 b2.3 b4.9 b

Gross profit

80 m66.8 m72.9 m75.8 m341.7 m375.3 m408.1 m868.8 m

Gross profit Margin, %

7%6%6%6%15%15%15%15%

General and administrative expense

108.6 m121.8 m125.5 m131.6 m191.6 m195.6 m224 m219.1 m215.5 m228.1 m242.8 m257.3 m297.5 m630.8 m

Operating expense total

108.6 m121.8 m125.5 m131.6 m191.6 m195.6 m224 m219.1 m215.5 m228.1 m242.8 m257.3 m297.5 m630.8 m

Depreciation and amortization

16.9 m35.7 m

EBIT

51.7 m44.7 m61 m60.1 m67.9 m85.6 m72.8 m72.9 m90.5 m93.4 m86.1 m104 m93.8 m202.3 m

EBIT margin, %

6%7%7%7%4%4%4%4%

Pre tax profit

47.7 m40.7 m57.1 m56 m58.1 m75.6 m62.6 m60 m77.3 m80.1 m81.3 m87.8 m69.8 m150.5 m

Income tax expense

(16.8 m)(16 m)(21.9 m)(21.5 m)(17.4 m)(24.4 m)(19.2 m)(19.8 m)(25.9 m)(26 m)(30.5 m)(34.6 m)(17.7 m)(37.8 m)

Net Income

31 m24.7 m38.3 m34.5 m40.7 m51.2 m43.4 m40.3 m51.4 m54 m50.7 m53.2 m52.1 m112.7 m

Lithia Motors Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

23.7 m29.9 m45 m50.3 m

Inventories

1.8 b

Current Assets

1.1 b1.6 b1.9 b2.3 b

Goodwill

49.5 m199.4 m213.2 m259.4 m

Total Assets

1.7 b2.9 b3.2 b3.8 b

Accounts Payable

51.2 m70.9 m70.9 m88.4 m

Current Liabilities

872.5 m1.4 b1.6 b1.9 b

Total Liabilities

2.9 b

Common Stock

258.4 m165.5 m

Additional Paid-in Capital

22.6 m29.8 m38.8 m41.2 m

Retained Earnings

245.1 m367.9 m530.9 m703.8 m

Total Equity

534.7 m673.1 m828.2 m910.8 m

Financial Leverage

3.2 x4.3 x3.9 x4.2 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

23.4 m32.7 m21.6 m15 m24.1 m31.4 m31.2 m69 m30 m

Inventories

1.4 b1.5 b1.6 b1.7 b1.8 b1.9 b2.4 b2.3 b

Current Assets

1.7 b1.7 b1.9 b1.9 b2 b2.2 b2.3 b3 b2.9 b

Goodwill

199.1 m210.6 m213.9 m214.4 m219 m259.4 m259.4 m256.3 m281 m

Total Assets

3 b3.1 b3.3 b3.3 b3.6 b3.8 b4 b5.1 b5.2 b

Accounts Payable

116.9 m115.1 m

Short-term debt

168.9 m24.1 m

Current Liabilities

1.5 b1.5 b1.6 b1.7 b1.7 b1.9 b2 b2.5 b2.4 b

Total Debt

168.9 m24.1 m

Total Liabilities

2.3 b2.3 b2.5 b2.5 b2.7 b2.9 b3 b4 b4 b

Common Stock

263.5 m213.7 m169 m167.6 m163.9 m

Additional Paid-in Capital

33.6 m35.9 m34.9 m37.2 m39.4 m37.7 m34.3 m14.6 m43.5 m

Retained Earnings

450.3 m488.4 m566 m611.1 m658.9 m748.4 m794.9 m969.4 m1 b

Total Equity

752.3 m787.7 m814.7 m817.5 m866.1 m950.2 m987.8 m1.1 b1.2 b

Financial Leverage

4 x3.9 x4 x4.1 x4.1 x4 x4 x4.5 x4.4 x

Lithia Motors Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

106 m138.7 m183 m197.1 m

Depreciation and Amortization

49.4 m

Accounts Receivable

(37.4 m)(59.5 m)(13 m)(106 m)

Inventories

(106.9 m)(76 m)(197.1 m)(168.8 m)

Accounts Payable

8.5 m(3.1 m)674 k16.4 m

Cash From Operating Activities

32.1 m30.3 m74.2 m86.5 m

Cash From Investing Activities

(130.3 m)(736.3 m)(169.7 m)(351.7 m)

Long-term Borrowings

(7.1 m)(8.7 m)

Dividends Paid

(10.1 m)(15.9 m)(20 m)(24.1 m)

Cash From Financing Activities

79.1 m712.2 m110.6 m270.5 m

Interest Paid

21 m24.6 m41.1 m49.7 m

Free Cash Flow

82.1 m116.3 m157.5 m(14.2 m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

78.6 m24.7 m63 m97.6 m40.7 m91.9 m135.3 m40.3 m91.7 m145.7 m50.7 m103.9 m52.1 m112.7 m

Depreciation and Amortization

14.7 m5.5 m11.3 m17.4 m9.7 m20 m30.5 m11.7 m24.2 m36.4 m12.7 m26.8 m16.9 m35.7 m

Accounts Receivable

(6.9 m)(12.3 m)(20.7 m)(11.3 m)7.6 m7.6 m9.7 m25.6 m6.6 m(5.9 m)76.1 m70.9 m42.6 m47.9 m

Inventories

(18.2 m)(56.7 m)(77.3 m)(39.5 m)(122.7 m)(132.4 m)(73.7 m)(114.1 m)(85.6 m)(42.3 m)(36.1 m)(98.9 m)(35.5 m)

Accounts Payable

4.8 m1.8 m1.4 m4.2 m6.8 m8.9 m7.8 m920 k6.7 m6.2 m(7.6 m)414 k6.9 m2.9 m

Cash From Operating Activities

112.7 m(22.4 m)(4.2 m)87.7 m38.2 m29.3 m106.9 m34.6 m66.4 m189.8 m126.7 m178.6 m48.9 m236.3 m

Cash From Investing Activities

(67.5 m)(47.8 m)(107.4 m)(122.4 m)(30.9 m)(50.2 m)(104.6 m)(29.2 m)(66.7 m)(289.5 m)(22.5 m)(125.2 m)(373.5 m)(451.5 m)

Long-term Borrowings

(5.4 m)(1.9 m)(3.7 m)(5.5 m)(3.6 m)(7.3 m)(8.8 m)

Dividends Paid

(6.7 m)(3.4 m)(7.6 m)(11.7 m)(4.2 m)(9.5 m)(14.7 m)(5.2 m)(11.5 m)(17.8 m)(6.3 m)(13.1 m)(6.8 m)(13.9 m)

Cash From Financing Activities

(71.9 m)68.9 m116.2 m32.6 m(16.2 m)14.4 m464 k(28.8 m)78.8 m(123 m)(72.4 m)336.4 m187.9 m

Interest Paid

16 m5.1 m10.2 m15.6 m12.5 m22.3 m31.1 m13 m25 m36.6 m17.3 m33.5 m30.3 m54.7 m

Free Cash Flow

78.9 m(35 m)(39.4 m)33.6 m13.3 m(18.7 m)44.8 m18.7 m23.2 m108.4 m110.6 m146.3 m6.9 m164 m

Lithia Motors Ratios

USDY, 2018

EV/EBIT

10 x

EV/CFO

8.6 x

EV/FCF

12.4 x

Financial Leverage

4.4 x
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Lithia Motors Operating Metrics

Lithia Motors's Stores was reported to be 160 in Q2, 2017. Lithia Motors's Vehicles Shipped was reported to be 145.8 k in FY, 2016.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Brands

30 30 31 31 31 31 31 30 30 30 30

Stores

130 130 129 135 139 138 139 152 154 152 160

Used Vehicles Sold

99.11 k113.50 k

Vehicles Shipped

91.10 k137.49 k145.77 k
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