Company: GPI
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001031203-25-000061
Chunk: 0

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements

GROUP 1 AUTOMOTIVE, INC. 

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In millions, except share data)

September 30, 2025December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$30.8 $34.4 Contracts-in-transit and vehicle receivables, net336.7 360.1 Accounts and notes receivable, net311.0 303.0 Inventories2,732.9 2,636.8 Prepaid expenses 63.0 67.9 Other current assets25.0 18.8 Current assets classified as held for sale50.6 76.2 TOTAL CURRENT ASSETS3,550.1 3,497.3 Property and equipment, net of accumulated depreciation of $740.3 and $657.3, respectively3,138.9 2,856.5 Operating lease assets314.9 315.3 Goodwill2,241.9 2,057.9 Intangible franchise rights1,011.4 948.1 Other long-term assets133.4 149.1 TOTAL ASSETS$10,390.6 $9,824.2 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Floorplan notes payable — credit facility and other, net of offset account of $402.9 and $286.3, respectively$1,123.9 $1,255.3 Floorplan notes payable — manufacturer affiliates, net of offset account of $— and $2.0, respectively792.4 766.7 Current maturities of long-term debt215.1 175.3 Current operating lease liabilities26.9 25.8 Accounts payable737.2 738.0 Accrued expenses and other current liabilities438.4 418.6 Current liabilities classified as held for sale1.2 17.1 TOTAL CURRENT LIABILITIES3,335.2 3,396.8 Long-term debt3,250.0 2,737.9 Long-term operating lease liabilities272.4 276.2 Deferred income taxes328.1 295.8 Other long-term liabilities151.8 143.3 Commitments and Contingencies (Note 13