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Asbury Automotive Group ABG Finance and insurance, net — Contract assets, long-term
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Where this comes from
Reported directly by Asbury Automotive Group in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetNoncurrent.
The source filing: Asbury Automotive Group’s 10-Q, filed May 1, 2026.
- Filed
- May 1, 2026, 4:24 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001144980-26-000079
| Line item | Vehicle Repair and Maintenance Services | Finance and Insurance, net | Deferred Sales Commissions | Total |
|---|---|---|---|---|
| Contract Assets, January 1, 2026 | $22.9 | $11.8 | $112.8 | $147.5 |
| Transferred to receivables from contract assets recognized at the beginning of the period | (22.9) | (2.1) | — | (25.1) |
| Amortization of costs incurred to obtain a contract with a customer | — | — | (8.6) | (8.6) |
| Costs incurred to obtain a contract with a customer | — | — | 13.1 | 13.1 |
| Increases related to revenue recognized, inclusive of adjustments to constraint, during the period | 23.4 | 1.9 | — | 25.3 |
| Contract Assets, March 31, 2026 | $23.4 | $11.5 | $117.3 | $152.2 |
| Contract Assets (current), March 31, 2026 | $23.4 | $11.5 | $31.7 | $66.7 |
| Contract Assets (long-term), March 31, 2026 | — | — | $85.6 | $85.6 |
Item 1. Condensed Consolidated Financial Statements (unaudited)
FAQ
- What is Asbury Automotive Group's finance and insurance, net — contract assets, long-term?
- Asbury Automotive Group (ABG) reported finance and insurance, net — contract assets, long-term of $0 in Q1 2026.
- What does finance and insurance, net — contract assets, long-term mean?
- This metric represents the long-term portion of contract assets associated with the finance and insurance segment, reflecting revenue recognized for multi-year service agreements or extended warranties that extend beyond the next fiscal year. It indicates the value of future cash flows that are currently tied up in long-term customer contracts. A significant balance here highlights the company's success in securing long-term service commitments and the potential for recurring revenue streams in future periods.
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