SONIC AUTOMOTIVE INC

Listed Company

SAHCIK 0001043509NYSELarge AcceleratedRetail-Auto Dealers & Gasoline StationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$15.15B

Net Income

$118.70M

Total Assets

$5.97B

Equity

$1.07B

Shares Out

—

Op. Cash Flow

$567.40M

Business

SONIC AUTOMOTIVE INC is an automotive retailer operating franchised dealerships, a pre-owned specialty retail business and powersports stores. It offers sales of new and used cars and light trucks, powersports vehicles, parts, service, collision repair, certified pre-owned vehicles, and arranges third-party financing, extended warranties and other aftermarket products. The company reports three segments: Franchised Dealerships, EchoPark (pre-owned specialty retail) and Powersports, each operating largely independently with shared corporate services. Sonic distributes vehicles and services across multiple U.S. states through physical stores and omnichannel digital platforms.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	15,154	14,224	14,372	14,001	12,396
Total cost of sales	−12,771	−12,032	−12,127	−11,684	−10,482
Gross profit	2,383	2,193	2,246	2,317	1,914
Selling, general and administrative expenses	−1,678	−1,577	−1,601	−1,555	−1,275
Impairment charges	174	4	79	320	100,000
Depreciation and amortization	−163	−150	−142	−128	−101
Operating income	368	462	424	314	538
Interest expense, floor plan	−85	−87	−67	−34	−17
Interest expense, other, net	−110	−118	−115	−90	−48
Other income (expense), net	100,000	−500,000	100,000	200,000	−16
Total other expense	−195	−205	−182	−124	−80
Income before taxes	173	256	242	190	458
Provision for income taxes - expense	−54	40	64	−102	−109
Net income	119	216	178	89	349
Earnings (loss) per common share (usd per share)	3.49	6.34	5.09	2.29	8.43
Weighted average common shares outstanding (in shares)	34	34	35	39	41
Earnings (loss) per common share (usd per share)	3.42	6.18	4.97	2.23	8.06
Weighted average common shares outstanding (in shares)	35	35	36	40	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	6	44	29	229	299
Receivables, net	469	496	528	462	401
Inventories	2,013	1,958	1,578	1,217	1,261
Other current assets	344	388	385	298	122
Total current assets	2,833	2,886	2,520	2,206	2,084
Property, Plant and Equipment, Net	1,563	1,607	1,601	1,562	1,459
Goodwill	422	359	254	231	416
Intangible Assets, Net (Excluding Goodwill)	454	430	417	397	480
ROU assets	279	224	223	261	293
Finance Lease, Right-of-Use Asset	328	317	237	224	180
Other Assets	92	73	113	98	63
Total Assets	5,971	5,896	5,365	4,978	4,975
Notes payable - floor plan - trade	185	166	152	115	90
Notes payable - floor plan - non-trade	1,748	1,774	1,521	1,113	1,179
Trade accounts payable	151	172	150	138	133
Operating Lease, Liability, Current	34	26	30	36	36
Finance Lease, Liability, Current	19	12	10	11	53
Other accrued liabilities	409	413	370	352	351
Current maturities of long-term debt	52	76	60	80	51
Total current liabilities	2,598	2,638	2,293	1,845	1,892
Long-Term Debt	1,563	1,512	1,617	1,672	1,511
Other Long-Term Liabilities	114	120	90	106	96
Operating Lease, Liability, Noncurrent	268	220	219	231	265
Finance Lease, Liability, Noncurrent	359	344	255	229	136
Commitments and Contingencies	—	—	—	—	—
Class A Convertible Preferred Stock, none issued	0	0	0	0	0
Paid-in capital	908	885	855	819	790
Retained Earnings (Accumulated Deficit)	1,481	1,412	1,239	1,100	1,052
Accumulated other comprehensive income (loss)	−700,000	4	2	2	−1
Treasury stock, at cost; 33,476,159 Class A common stock shares held at December 31, 2018 and 32,290,493 Class A common stock shares held at December 31, 2017	−1,321	−1,239	−1,205	−1,027	−765
Total Stockholders Equity	1,068	1,062	892	895	1,076
Total Liabilities and Stockholders Equity	5,971	5,896	5,365	4,978	4,975
Contracts in transit included in receivables, net	215	247	276	217	143
Manufacturer Receivables included in receivables, net	125	130	105	68	70
Other Receivables included in receivables, net	129	119	147	178	189

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property and equipment	141	130	124	114	94
Debt issuance cost amortization	7	6	7	5	3
Stock-based compensation expense	23	24	23	21	15
Deferred income taxes	−26	−29	−19	−13	12
Business Combination, Achieved in Stages, Preacquisition Equity Interest in Acquiree, Remeasurement, Gain	0	−4	0	0	—
Loss (gain) on exit of leased dealerships	—	−3	4	—	—
Increase (Decrease) in Other Current Assets	2	−200,000	600,000	2	16
LossGainOnDisposalOfFranchisesAndPropertyAndEquipment	6	600,000	−18	−11	−3
Receivables	31	43	−57	−50	500,000
Inventories	105	−358	−375	81	252
Other assets	14	47	4	−141	56
Notes payable - floor plan - trade	19	12	37	25	−495
Trade accounts payable and other liabilities	−47	19	200,000	−36	7
Total adjustments	449	−107	−194	318	−43
Net cash provided by (used in) operating activities	567	109	−16	406	306
Purchase of businesses, net of cash acquired	−440	−55	−75	−102	−1,019
Total capital expenditures	−150	−187	−204	−227	−298
Proceeds from sales of property and equipment	82	56	8	30	13
Proceeds from sales of dealerships	10	8	52	0	7
Net cash used in investing activities	−499	−178	−219	−300	−1,297
Net borrowings on notes payable - floor plan - non-trade	14	258	335	−66	440
Borrowings on revolving credit facilities	108	78	61	0	5
Repayments on revolving credit facilities	−108	78	−61	0	−5
Proceeds from issuance of long-term debt	149	78	0	327	1,167
Debt issuance costs	−2	−8	−2	−8	−23
Principal payments of long-term debt	−127	−165	−80	−134	−58
Purchases of treasury stock	−82	−34	−178	−262	−93
Issuance of shares under stock compensation plans	500,000	6	13	9	8
Dividends paid	−49	−41	−40	−35	−18
Net cash (used in) provided by financing activities	−106	84	34	−177	1,120
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	−38	15	−200	−70	129
Reduction of Finance Lease Liabilities	−11	−9	−14	−8	−38
Income taxes	101	36	86	126	99
Interest, including amount capitalized	190	199	172	117	57

Filings

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