10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001437749-14-007245 |
| Period End Date | 20140331 |
| Filing Date | 20140428 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | lad-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accumulated depreciation (in Dollars) |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$106.87M | USD | Point-in-time |
| Accumulated depreciation (in Dollars) |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$111.21M | USD | Point-in-time |
| Preferred stock, par value (in Dollars per share) |
PreferredStockNoParValue
|
- | USD | Point-in-time |
| Preferred stock, par value (in Dollars per share) |
PreferredStockNoParValue
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.69M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$15.01M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$22.34M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$42.84M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
15.00M | shares | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$182.78M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
15.00M | shares | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$170.52M | USD | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Inventories, net |
InventoryNet
|
$935.85M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$859.02M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$1.32M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$1.55M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$12.56M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$15.25M | USD | Point-in-time |
| Assets held for sale |
AssetsHeldForSaleCurrent
|
$12.70M | USD | Point-in-time |
| Assets held for sale |
AssetsHeldForSaleCurrent
|
$11.53M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.17B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.08B | USD | Point-in-time |
| Property and equipment, net of accumulated depreciation of $111,208 and $106,871 |
PropertyPlantAndEquipmentNet
|
$481.21M | USD | Point-in-time |
| Property and equipment, net of accumulated depreciation of $111,208 and $106,871 |
PropertyPlantAndEquipmentNet
|
$493.17M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$49.51M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$56.79M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$32.05M | USD | Point-in-time |
| Franchise value |
IndefiniteLivedFranchiseRights
|
$71.20M | USD | Point-in-time |
| Franchise value |
IndefiniteLivedFranchiseRights
|
$73.50M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$14.37M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$10.26M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$31.39M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$38.89M | USD | Point-in-time |
| Total Assets |
Assets
|
$1.84B | USD | Point-in-time |
| Total Assets |
Assets
|
$1.73B | USD | Point-in-time |
| Floor plan notes payable |
FloorPlanNotesPayable
|
$19.98M | USD | Point-in-time |
| Floor plan notes payable |
FloorPlanNotesPayable
|
$18.79M | USD | Point-in-time |
| Floor plan notes payable: non-trade |
FloorPlanNotesPayableNonTrade
|
$695.07M | USD | Point-in-time |
| Floor plan notes payable: non-trade |
FloorPlanNotesPayableNonTrade
|
$744.79M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$7.08M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtAndCapitalLeaseObligationsCurrent
|
$7.34M | USD | Point-in-time |
| Trade payables |
AccountsPayableCurrent
|
$51.16M | USD | Point-in-time |
| Trade payables |
AccountsPayableCurrent
|
$54.05M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$107.13M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$94.14M | USD | Point-in-time |
| Liabilities related to assets held for sale |
LiabilitiesOfAssetsHeldForSale
|
$7.14M | USD | Point-in-time |
| Liabilities related to assets held for sale |
LiabilitiesOfAssetsHeldForSale
|
$6.27M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$872.51M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$940.43M | USD | Point-in-time |
| Long-term debt, less current maturities |
LongTermDebtAndCapitalLeaseObligations
|
$245.47M | USD | Point-in-time |
| Long-term debt, less current maturities |
LongTermDebtAndCapitalLeaseObligations
|
$269.76M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$46.24M | USD | Point-in-time |
| Deferred revenue |
DeferredRevenueNoncurrent
|
$44.01M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$31.01M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$28.41M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.29B | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$1.19B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$24.39M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$22.60M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.54M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-1.39M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$245.09M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$266.44M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$534.72M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$556.84M | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.73B | USD | Point-in-time |
| Total Liabilities and Stockholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.84B | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales revenue |
Revenues
|
$1.08B | USD | 1 Quarter |
| Sales revenue |
Revenues
|
$903.08M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$756.64M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$906.04M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$146.44M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$172.06M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$121.83M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$101.13M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.72M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.51M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$40.59M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$44.73M | USD | 1 Quarter |
| Floor plan interest expense |
FloorplanInterestExpense
|
$3.45M | USD | 1 Quarter |
| Floor plan interest expense |
FloorplanInterestExpense
|
$2.98M | USD | 1 Quarter |
| Other interest expense |
InterestExpenseDebt
|
$1.97M | USD | 1 Quarter |
| Other interest expense |
InterestExpenseDebt
|
$2.36M | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$801.00K | USD | 1 Quarter |
| Other income, net |
OtherIncome
|
$937.00K | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$40.70M | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$35.58M | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$13.70M | USD | 1 Quarter |
| Income tax provision |
IncomeTaxExpenseBenefit
|
$16.01M | USD | 1 Quarter |
| Income from continuing operations, net of income tax |
IncomeLossFromContinuingOperations
|
$24.69M | USD | 1 Quarter |
| Income from continuing operations, net of income tax |
IncomeLossFromContinuingOperations
|
$21.88M | USD | 1 Quarter |
| Income from discontinued operations, net of income tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$173.00K | USD | 1 Quarter |
| Income from discontinued operations, net of income tax |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$40.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$22.05M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$24.73M | USD | 1 Quarter |
| Basic income per share from continuing operations (in Dollars per share) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.85 | USD | 1 Quarter |
| Basic income per share from continuing operations (in Dollars per share) |
IncomeLossFromContinuingOperationsPerBasicShare
|
$0.95 | USD | 1 Quarter |
| Basic income per share from discontinued operations (in Dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
$0.01 | USD | 1 Quarter |
| Basic net income per share (in Dollars per share) |
EarningsPerShareBasic
|
$0.95 | USD | 1 Quarter |
| Basic net income per share (in Dollars per share) |
EarningsPerShareBasic
|
$0.86 | USD | 1 Quarter |
| Shares used in basic per share calculations (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.63M | shares | 1 Quarter |
| Shares used in basic per share calculations (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
25.97M | shares | 1 Quarter |
| Diluted income per share from continuing operations (in Dollars per share) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.84 | USD | 1 Quarter |
| Diluted income per share from continuing operations (in Dollars per share) |
IncomeLossFromContinuingOperationsPerDilutedShare
|
$0.94 | USD | 1 Quarter |
| Diluted income per share from discontinued operations (in Dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
$0.01 | USD | 1 Quarter |
| Diluted net income per share (in Dollars per share) |
EarningsPerShareDiluted
|
$0.94 | USD | 1 Quarter |
| Diluted net income per share (in Dollars per share) |
EarningsPerShareDiluted
|
$0.85 | USD | 1 Quarter |
| Shares used in diluted per share calculations (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.32M | shares | 1 Quarter |
| Shares used in diluted per share calculations (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
26.05M | shares | 1 Quarter |
Cash Flow Statement
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$22.05M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$24.73M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$4.72M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.51M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.54M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$1.14M | USD | 1 Quarter |
| Loss (gain) on disposal of other assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-20.00K | USD | 1 Quarter |
| Loss (gain) on disposal of other assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$19.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.87M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-206.00K | USD | 1 Quarter |
| Excess tax benefit from share-based payment arrangements |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$2.94M | USD | 1 Quarter |
| Excess tax benefit from share-based payment arrangements |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$5.85M | USD | 1 Quarter |
| Trade receivables, net |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$960.00K | USD | 1 Quarter |
| Trade receivables, net |
IncreaseDecreaseInAccountsAndOtherReceivables
|
$12.26M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$56.75M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-7.89M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-1.66M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-5.76M | USD | 1 Quarter |
| Other non-current assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$424.00K | USD | 1 Quarter |
| Other non-current assets |
IncreaseDecreaseInOtherNoncurrentAssets
|
$3.95M | USD | 1 Quarter |
| Floor plan notes payable, net |
IncreaseDecreaseInVehicleFloorplanPayableTradeNet
|
$1.68M | USD | 1 Quarter |
| Floor plan notes payable, net |
IncreaseDecreaseInVehicleFloorplanPayableTradeNet
|
$2.26M | USD | 1 Quarter |
| Trade payables |
IncreaseDecreaseInAccountsPayable
|
$-410.00K | USD | 1 Quarter |
| Trade payables |
IncreaseDecreaseInAccountsPayable
|
$1.77M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$6.19M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$12.52M | USD | 1 Quarter |
| Other long-term liabilities and deferred revenue |
IncreaseDecreaseInOtherOperatingLiabilities
|
$4.71M | USD | 1 Quarter |
| Other long-term liabilities and deferred revenue |
IncreaseDecreaseInOtherOperatingLiabilities
|
$5.12M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-22.39M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$49.76M | USD | 1 Quarter |
| Principal payments received on notes receivable |
ProceedsFromCollectionOfNotesReceivable
|
$319.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$12.63M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$6.58M | USD | 1 Quarter |
| Proceeds from sales of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$27.00K | USD | 1 Quarter |
| Proceeds from sales of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$440.00K | USD | 1 Quarter |
| Payments for life insurance policies |
PaymentsForProceedsFromLifeInsurancePolicies
|
$2.64M | USD | 1 Quarter |
| Payments for life insurance policies |
PaymentsForProceedsFromLifeInsurancePolicies
|
$3.53M | USD | 1 Quarter |
| Cash paid for acquisitions |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$31.69M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-8.47M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-47.82M | USD | 1 Quarter |
| Borrowings on floor plan notes payable: non-trade, net |
IncreaseDecreaseInVehicleFloorplanPayableNonTradeNet
|
$953.00K | USD | 1 Quarter |
| Borrowings on floor plan notes payable: non-trade, net |
IncreaseDecreaseInVehicleFloorplanPayableNonTradeNet
|
$51.78M | USD | 1 Quarter |
| Borrowings on lines of credit |
ProceedsFromLinesOfCredit
|
$233.00M | USD | 1 Quarter |
| Borrowings on lines of credit |
ProceedsFromLinesOfCredit
|
$118.00M | USD | 1 Quarter |
| Repayments on lines of credit |
RepaymentsOfLinesOfCredit
|
$156.30M | USD | 1 Quarter |
| Repayments on lines of credit |
RepaymentsOfLinesOfCredit
|
$209.72M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$966.00K | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$1.17M | USD | 1 Quarter |
| Excess tax benefit from share-based payment arrangements |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$5.85M | USD | 1 Quarter |
| Excess tax benefit from share-based payment arrangements |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$2.94M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$3.38M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$68.86M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-69.12M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-27.83M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.35M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.69M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.01M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.34M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$42.84M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.69M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$15.01M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$22.34M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$42.84M | USD | Point-in-time |
| Cash paid during the period for interest |
InterestPaid
|
$5.10M | USD | 1 Quarter |
| Cash paid during the period for interest |
InterestPaid
|
$5.84M | USD | 1 Quarter |
| Cash paid during the period for income taxes, net |
IncomeTaxesPaid
|
$3.71M | USD | 1 Quarter |
| Cash paid during the period for income taxes, net |
IncomeTaxesPaid
|
$-964.00K | USD | 1 Quarter |
| Debt issued in connection with acquisitions |
NotesIssued1
|
$3.16M | USD | 1 Quarter |
Comprehensive Income
8 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Gain on cash flow hedges, tax expense |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$315.00K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$22.05M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$24.73M | USD | 1 Quarter |
| Gain on cash flow hedges, tax expense |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$93.00K | USD | 1 Quarter |
| Gain on cash flow hedges, net of tax expense of $93 and $315, respectively |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$506.00K | USD | 1 Quarter |
| Gain on cash flow hedges, net of tax expense of $93 and $315, respectively |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$149.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$24.88M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$22.56M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.