ASBURY AUTOMOTIVE GROUP INC

Listed Company

ABGCIK 0001144980NYSELarge AcceleratedRetail-Auto Dealers & Gasoline StationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$18.00B

Net Income

$492.00M

Total Assets

$11.62B

Equity

$3.89B

Shares Out

19.26M

Op. Cash Flow

$775.20M

Business

ASBURY AUTOMOTIVE GROUP INC is a franchised automotive retailer that operates a network of dealerships and a finance and insurance business serving retail vehicle customers. It sells and leases new and used vehicles and provides parts and service, collision repair, vehicle reconditioning, and a suite of finance and insurance products, including arranging third‑party financing and aftermarket protection plans. The company reports through two segments: Dealerships and Total Care Auto (TCA). It distributes products and services through physical dealership locations, collision centers, and an omni‑channel digital platform across multiple U.S. states.

Summary from filing dated 2025-02-26

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
Revenues	17,999	17,189	14,803	15,434	9,838
TOTAL COST OF SALES	14,927	14,240	12,047	12,333	7,936
GROSS PROFIT	3,072	2,949	2,756	3,101	1,902
Selling, general and administrative	1,988	1,889	1,617	1,763	1,074
Depreciation and amortization	82	75	68	69	42
Asset impairments	141	150	117	0	—
INCOME FROM OPERATIONS	861	836	954	1,273	792
Floor plan interest expense	91	90	10	8	8
Other interest expense, net	188	179	156	152	94
Gain on dealership divestitures, net	−80	−9	−14	−207	−8
Total other expenses, net	198	260	152	−47	94
INCOME BEFORE INCOME TAXES	662	575	801	1,319	698
Income tax expense	170	145	199	322	165
NET INCOME	492	430	603	997	532
Net income (in dollars per share)	25.2	21.58	28.87	44.78	26.75
Net income (in dollars per share)	25.13	21.5	28.74	44.61	26.49
Basic (in shares)	20	20	21	22	20
Diluted (in shares)	20	20	21	22	20

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	40	69	46	235	179
Short term investments	500,000	14	6	5	11
Contracts-in-transit, net	239	264	280	221	—
Accounts receivable, net	295	286	226	172	230
Inventories, net	2,136	1,979	1,768	959	718
Assets held for sale	269	174	342	29	375
Other current assets	401	352	389	288	204
Total current assets	3,380	3,138	3,057	1,910	1,929
INVESTMENTS	415	334	327	235	124
PROPERTY AND EQUIPMENT, net	3,070	2,551	2,316	1,941	1,990
OPERATING LEASE RIGHT-OF-USE ASSETS	241	220	242	235	261
GOODWILL	2,281	2,045	2,009	1,783	2,272
INTANGIBLE FRANCHISE RIGHTS	2,098	1,912	2,096	1,800	1,336
OTHER LONG-TERM ASSETS	133	138	113	117	22
Total assets	11,618	10,337	10,159	8,021	8,003
Floor plan notes payabletrade, net	343	350	195	51	37
Floor plan notes payablenon-trade, net	1,684	1,345	1,591	0	527
Current maturities of long-term debt	479	115	85	85	63
Current maturities of operating leases	28	28	26	24	26
Accounts payable and accrued liabilities	780	761	748	645	743
Deferred revenuecurrent	244	236	229	219	182
Liabilities associated with assets held for sale	2	2	2	11	21
Total current liabilities	3,560	2,836	2,876	1,033	1,598
LONG-TERM DEBT	3,093	3,024	3,121	3,217	3,520
LONG-TERM LEASE LIABILITY	222	200	222	218	242
DEFERRED REVENUE	585	531	508	495	466
DEFERRED INCOME TAXES	211	188	136	101	0
OTHER LONG-TERM LIABILITIES	57	56	52	54	61
COMMITMENTS AND CONTINGENCIES (Note 21)	—	—	—	—	—
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued or outstanding	0	0	0	0	0
Common stock, $.01 par value, 90,000,000 shares authorized; 41,338,419 and 41,649,426 shares issued, including shares held in treasury, respectively	400,000	400,000	400,000	400,000	500,000
Additional paid-in capital	1,328	1,305	1,288	1,281	1,279
Retained earnings	3,616	3,219	2,962	2,610	1,881
Treasury stock, at cost; 22,109,690 and 22,065,478 shares, respectively	−1,093	−1,079	−1,067	−1,063	—
Accumulated other comprehensive income	41	57	61	74	−500,000
Total shareholders' equity	3,892	3,502	3,244	2,904	2,116
Total liabilities and shareholders' equity	11,618	10,337	10,159	8,021	8,003
Treasury stock (in shares)	22	22	22	22	—

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	82	75	68	69	42
Share-based compensation	28	27	24	21	16
Deferred income taxes	28	53	40	149	31
Asset impairments	141	150	117	0	0
Loaner vehicle amortization	57	47	35	15	21
Gain on divestitures, net	−80	−9	−14	−207	−8
Change in right-of-use asset	31	29	27	25	22
Other adjustments, net	5	7	−4	5	−800,000
Contracts-in-transit	25	16	−59	−17	49
Accounts receivable	−9	−60	−55	48	35
Inventories	73	−230	−576	−275	671
Other current assets	−67	−15	−133	−72	−227
Floor plan notes payabletrade, net	−7	155	144	14	−28
Deferred revenue	62	29	23	43	4
Accounts payable and accrued liabilities	−36	13	120	−70	39
Operating lease liabilities	−30	−27	−27	−25	−21
Other long-term assets and liabilities, net	−19	−17	−19	−36	−13
Net cash provided by operating activities	775	671	313	696	1,164
Capital expendituresexcluding real estate	−186	−163	−142	−95	−74
Capital expendituresreal estate	−19	−146	0	−13	−8
Purchases of previously leased real estate	0	−12	0	0	−217
Acquisitions	−1,762	−5	−1,500	−5	−3,660
Proceeds from dealership divestitures	567	196	31	701	21
Purchases of debt securitiesavailable-for-sale	−189	−165	−195	−202	−1
Proceeds from the sale of debt securitiesavailable-for-sale	133	150	60	70	800,000
Proceeds from the sale of equity securities	0	0	52	50	400,000
Proceeds from the sale of assets	0	7	16	0	22
Net cash (used in) investing activities	−1,457	−137	−1,678	465	−3,917
Floor plan borrowingsnon-trade	10,382	9,446	8,386	7,407	5,043
Floor plan borrowingsacquisitions	263	0	256	0	215
Floor plan repaymentsnon-trade	−10,215	−9,657	−7,060	−7,892	−5,358
Floor plan repaymentsdivestitures	−91	−34	0	−48	−800,000
Proceeds from borrowings	547	0	0	0	2,274
Repayments of borrowings	−234	−71	−126	−106	−42
Proceeds from revolving credit facility	2,153	1,214	329	330	439
Repayments of revolving credit facility	−2,033	−1,214	−329	−499	−270
Payment of debt issuance costs	−6	0	−1	−400,000	−26
Purchase of treasury stock	−100	−183	−268	−287	0
Repurchases of common stock, including amounts associated with net share settlements of employee share-based awards	−13	−10	−11	−9	−10
Net cash provided by (used in) financing activities	653	−510	1,176	−1,104	2,931
Net (decrease) increase in cash and cash equivalents	−29	24	−190	56	178

Filings

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