Lithia Motors Financial Statements FY2024-FY2026Q3

Lithia Motors, Inc. (LAD) Financial Statements in Beancount — Open Ledger

Lithia & Driveway's income statement and balance sheet, FY2024 through FY2026Q3, as a public, auditable plain-text Beancount ledger — reconstructed line by line from the company's own Form 10-K and 10-Q filings and version-controlled in git. Part of the Open Ledger project on beancount.io.

Browse it live: beancount.io/ledger/open_ledger/lithia-driveway

Latest analysis: Lithia Q3 2026 Earnings: $13.22 EPS Built on Buybacks, Not Operations

Key Figures

Amounts in MUSD (millions of US dollars), exactly as the ledger records them.

What's Inside

Fiscal years end December 31. All figures sourced from Lithia Motors, Inc. Form 10-K filings and the Q3 2026 earnings release (Form 8-K Exhibit 99.1). The balance sheet carries a dealership's two defining captions — floor plan notes payable financing the vehicle inventory, and Driveway Finance Corporation finance receivables funded by non-recourse notes — while FY2026Q3 is condensed, so its goodwill, lease and equity components sit in aggregate lines. FY2024 uses the As Revised comparatives (ASC 250 correction, see that period file).

Quick Start

uvx --from beancount bean-check main.bean
uvx --from beanquery bean-query main.bean \
  "SELECT year, sum(position) WHERE account ~ '^Income:Revenue' GROUP BY year ORDER BY year"

Zero output from bean-check means the ledger is internally consistent: every
income statement sums to zero and every balance-sheet snapshot reconciles to
the filed totals. The query prints revenue by calendar year; income is a
credit, so it shows as a negative number. Open main.bean in Fava
or import it into beancount.io to explore it visually.

Methodology

• Balance sheet — pad / balance directives assert each period-end
  figure against the filing named in that period file's source banner.
• Income statement — one zero-sum transaction per period: Income
  negative (credit), Expenses positive (debit), with the arithmetic check in
  a comment directly above it.
• Unit — MUSD; 9,946.7 MUSD means 9,946.7 million US dollars.
• Additional accounts — Assets:Current:Inventory (vehicle inventory),
  Assets:NonCurrent:Loans (DFC finance receivables, net of allowance),
  Assets:NonCurrent:OperatingLeaseRightOfUse,
  Liabilities:Current:FundingDebt / Liabilities:NonCurrent:FundingDebt
  (non-recourse notes payable, by maturity),
  Liabilities:NonCurrent:OperatingLeases, Equity:NoncontrollingInterests,
  Equity:UndisaggregatedParent (condensed-period equity total),
  Equity:Temporary:RedeemableNoncontrollingInterests (nil),
  Expenses:DepreciationAndAmortization, Expenses:Interest (floor plan plus
  other interest, one posting each).
• Floor plan debt — trade and non-trade floor plan notes plus current
  maturities of long-term debt share Liabilities:Current:ShortTermDebt, with
  the split in each period's comment.
• Franchise value — dealer franchise rights sit on
  Assets:NonCurrent:IntangibleAssets, apart from Goodwill; the FY2025 5.8
  franchise-value impairment is the Expenses:OtherNet posting.
• Condensed quarter — FY2026Q3 asserts the components its summary balance
  sheet does not print at zero with "included in the aggregate" comments, never
  estimated; the FY2026 10-K will restore them.

Analysis

• Lithia Q3 2026 Earnings: $13.22 EPS Built on Buybacks, Not Operations — FY2026Q3

Corrections

Found a figure that does not match the filing? Email
[email protected] with the period, the account
and the filing page. Corrections are committed with the source cited.

About Open Ledger

Open Ledger is a growing library of public-company financial statements
published as plain-text accounting at
beancount.io/ledger — git-versioned, diffable
across companies, and auditable against primary filings. Read the analysis
behind the numbers on the beancount.io blog.

Disclaimer

This ledger is an independent reconstruction of Lithia Motors, Inc.'s publicly filed
financial statements, provided for educational and informational purposes
only. It is not investment, financial, legal, tax, or accounting advice, and
is not an offer or recommendation to buy or sell any security. Beancount.io is
not affiliated with, endorsed by, or sponsored by Lithia Motors, Inc.; all trademarks
belong to their respective owners. Figures may contain errors, omissions, or
simplifications and may lag the latest filings — the company's own regulatory
filings are the authoritative source. Provided "as is" without warranty of any
kind; use at your own risk.