| Address:
|
5401 EAST INDEPENDENCE BLVD
PO BOX 18747 |
| City: |
CHARLOTTE |
|
State: |
NC |
|
Zip Code: |
28212 |
| Telephone: |
704-532-3354 |
|
Description of Business
|
Primary SIC Code:
5500 |
| (As filed with the SEC)
|
|
|
Sonic Automotive, Inc. was incorporated in Delaware in 1997. We are one of the
largest automotive retailers in the United States. As of February 22, 2008, we
operated 169 dealership franchises at 144 dealership locations, representing 33
different brands of cars and light trucks, and 34 collision repair centers in 15
states. Each of our dealerships provides comprehensive services including
(1) sales of both new and used cars and light trucks; (2) sales of replacement
parts and performance of vehicle maintenance, warranty, paint and repair
services (collectively, "Fixed Operations"); and (3) arrangement of extended
service contracts, financing and insurance and other aftermarket products
(collectively, "F&I") for our automotive customers.
The following chart depicts the multiple sources of revenue and gross profit for
the year ended December 31, 2007:
[[Image Removed: LOGO]]
Our dealership network resides in various geographic markets. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2009 | 1.05 | NA | 9.90 | | 09/2009 | -15.69 | NA | N/E | | 06/2009 | -16.29 | NA | N/E | | 03/2009 | -15.95 | NA | N/E | | 12/2008 | -15.71 | 0.120 | N/E | | 09/2008 | 1.41 | 0.120 | 6.00 | | 06/2008 | 2.35 | 0.120 | 5.49 | | 03/2008 | 2.49 | 0.120 | 8.25 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | 0.07 | Total Liab/Total Assets | 0.82 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 6.19 | | Net Inc/Inv Cap | 0.11 | Total Liab/Comm Equity | 3.99 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 1.20 | | Net Inc/Net Sales | 0.01 | Curr Debt/Equity | 2.14 | | Cash Flow/Net Sales | 0.07 | LTD/Equity | 1.50 | | SG&A/NetSales | 0.14 | Total Debt/Equity | 3.63 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 25.55 | Quick Ratio | 0.29 | | Inventory Turnover | 4.80 | Current Ratio | 1.08 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.21 | | Net Sales/Work Cap | 78.13 | Inv/Curr Assets | 0.73 | | Net Sales/PP&E | 16.05 | | |
Income Statement (Millions) |
| |
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Total Revenues(Net Sales)
|
1,951.48
|
1,520.76
|
1,474.08
|
1,185.40
|
|
Cost of Goods Sold
|
1,636.83
|
1,263.29
|
1,220.06
|
967.16
|
|
Selling & Admin Exps
|
254.96
|
203.70
|
203.60
|
181.54
|
|
Operating Income
|
28.28
|
45.36
|
37.96
|
28.89
|
|
Interest Exp
|
39.59
|
17.37
|
32.82
|
21.68
|
|
Pretax Income
|
-22.04
|
31.99
|
5.17
|
7.25
|
|
Other Income
|
-10.73
|
4.00
|
0.02
|
0.04
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
14.25
|
15.59
|
0.03
|
1.68
|
|
Assets
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Cash & Short Term Investments
|
30.04
|
107.53
|
5.16
|
3.11
|
|
Receivables - Total
|
232.97
|
163.16
|
185.47
|
205.96
|
|
Inventories - Total
|
795.28
|
833.60
|
993.68
|
1,168.28
|
|
Total Current Assets
|
1,085.38
|
1,121.19
|
1,206.35
|
1,398.38
|
|
Net Property, Plant & Equipment
|
382.09
|
378.17
|
379.03
|
382.13
|
|
Total Assets
|
2,068.86
|
2,004.77
|
2,099.95
|
2,211.62
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
216.20
|
829.44
|
968.39
|
984.97
|
|
Debt in Current Liabilities
|
787.36
|
105.75
|
87.42
|
211.58
|
|
Total Current Liabilities
|
1,006.90
|
988.31
|
1,135.32
|
1,346.55
|
|
Long-Term Debt
|
552.15
|
556.24
|
644.26
|
557.28
|
|
Total Liabilities
|
1,700.10
|
1,654.11
|
1,879.41
|
1,994.51
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
0.00
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.67
|
0.67
|
0.57
|
0.55
|
|
Retained Earnings
|
-35.18
|
-49.43
|
-65.03
|
-65.06
|
|
Treasury Stock
|
-236.58
|
-236.58
|
-236.58
|
-236.55
|
|
Total Stockholders' Equity
|
368.75
|
350.65
|
220.54
|
217.11
|
|
Total Liabilities and Stockholders' Equity
|
2,068.86
|
2,004.77
|
2,099.95
|
2,211.62
|
Cash Flow Summary (Millions) |
|
Categories
|
12/31/2009
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
|
Net Cash Provided by Operating Activities
|
-39.15
|
177.37
|
98.49
|
166.86
|
|
Net Cash Provided by Investing Activities
|
1.43
|
-5.99
|
14.85
|
-19.97
|
|
Net Cash Provided by Financing Activities
|
67.14
|
-175.93
|
-108.80
|
-153.25
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 7,884.84 | 91.86 | 2.33 | | 12/2006 | 7,972.07 | 81.12 | 2.33 | | 12/2007 | 8,336.93 | 95.50 | 2.54 | | 12/2008 | 6,034.78 | -685.93 | -15.71 | | 12/2009 | 6,131.71 | 31.55 | 1.05 | | Growth Rates | -6.09 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 164 | 35,666 | 88.92 |
|
Report Date :
3/15/2010
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