Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 0

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
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)

June 30, 2025December 31, 2024ASSETSCURRENT ASSETS:Cash and cash equivalents$52.7 $34.4 Contracts-in-transit and vehicle receivables, net351.3 360.1 Accounts and notes receivable, net295.6 303.0 Inventories2,658.2 2,636.8 Prepaid expenses 52.9 67.9 Other current assets23.0 18.8 Current assets classified as held for sale— 76.2 TOTAL CURRENT ASSETS3,433.7 3,497.3 Property and equipment, net of accumulated depreciation of $720.3 and $657.3, respectively3,051.4 2,856.5 Operating lease assets324.0 315.3 Goodwill2,268.8 2,057.9 Intangible franchise rights1,015.8 948.1 Other long-term assets136.2 149.1 TOTAL ASSETS$10,229.9 $9,824.2 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Floorplan notes payable — credit facility and other, net of offset account of $321.0 and $286.3, respectively$1,191.2 $1,255.3 Floorplan notes payable — manufacturer affiliates, net of offset account of $— and $2.0, respectively753.8 766.7 Current maturities of long-term debt159.3 175.3 Current operating lease liabilities27.6 25.8 Accounts payable733.1 738.0 Accrued expenses and other current liabilities414.4 418.6 Current liabilities classified as held for sale— 17.1 TOTAL CURRENT LIABILITIES3,279.3 3,396.8 Long-term debt3,056.5 2,737.9 Long-term operating lease liabilities280.0 276.2 Deferred income taxes332.3 295.8 Other long-term liabilities145.8 143.3 Commitments and Contingencies (Note 12)STOCKH