$LKQ
LKQ CORP

2014 Q1 Form 10-Q Financial Statement

#000106569614000034 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $1.626B $1.196B
YoY Change 35.93% 15.92%
Cost Of Revenue $973.9M $694.0M
YoY Change 40.32% 18.76%
Gross Profit $651.9M $501.9M
YoY Change 29.87% 12.2%
Gross Profit Margin 40.1% 41.97%
Selling, General & Admin $184.5M $137.1M
YoY Change 34.64% 12.6%
% of Gross Profit 28.31% 27.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.85M $19.04M
YoY Change 46.25% 17.12%
% of Gross Profit 4.27% 3.79%
Operating Expenses $184.5M $137.1M
YoY Change 34.64% 12.6%
Operating Profit $173.8M $141.6M
YoY Change 22.77% 5.97%
Interest Expense -$16.12M -$8.595M
YoY Change 87.53% 16.67%
% of Operating Profit -9.27% -6.07%
Other Income/Expense, Net -$15.12M -$9.820M
YoY Change 54.01% 78.19%
Pretax Income $158.7M $131.8M
YoY Change 20.45% 2.87%
Income Tax $54.02M $47.18M
% Of Pretax Income 34.04% 35.8%
Net Earnings $104.7M $84.59M
YoY Change 23.72% 4.45%
Net Earnings / Revenue 6.44% 7.07%
Basic Earnings Per Share $0.35 $0.28
Diluted Earnings Per Share $0.34 $0.28
COMMON SHARES
Basic Shares Outstanding 301.4M shares 298.2M shares
Diluted Shares Outstanding 305.5M shares 302.9M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.0M $63.00M
YoY Change 79.37% 14.55%
Cash & Equivalents $113.2M $63.00M
Short-Term Investments
Other Short-Term Assets $147.0M $96.00M
YoY Change 53.13% 33.33%
Inventory $1.256B $883.4M
Prepaid Expenses
Receivables $577.0M $358.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.093B $1.400B
YoY Change 49.58% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $593.9M $492.5M
YoY Change 20.59% 14.26%
Goodwill $2.197B $1.675B
YoY Change 31.19%
Intangibles
YoY Change
Long-Term Investments $10.70M
YoY Change
Other Assets $95.87M $54.19M
YoY Change 76.94% 15.29%
Total Long-Term Assets $3.116B $2.323B
YoY Change 34.14% 11.37%
TOTAL ASSETS
Total Short-Term Assets $2.093B $1.400B
Total Long-Term Assets $3.116B $2.323B
Total Assets $5.210B $3.723B
YoY Change 39.95% 14.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $384.1M $202.1M
YoY Change 90.07% -5.12%
Accrued Expenses $169.0M $99.70M
YoY Change 69.54% -18.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.00M $80.00M
YoY Change -56.25% 100.0%
Total Short-Term Liabilities $775.9M $504.7M
YoY Change 53.73% 10.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.696B $988.0M
YoY Change 71.66% 15.42%
Other Long-Term Liabilities $105.3M $81.91M
YoY Change 28.51% -27.51%
Total Long-Term Liabilities $105.3M $81.91M
YoY Change 28.51% -91.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $775.9M $504.7M
Total Long-Term Liabilities $105.3M $81.91M
Total Liabilities $881.2M $586.6M
YoY Change 50.2% -61.28%
SHAREHOLDERS EQUITY
Retained Earnings $1.426B $1.095B
YoY Change 30.3%
Common Stock $1.025B $964.1M
YoY Change 6.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.471B $2.041B
YoY Change
Total Liabilities & Shareholders Equity $5.210B $3.723B
YoY Change 39.95% 14.19%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $104.7M $84.59M
YoY Change 23.72% 4.45%
Depreciation, Depletion And Amortization $27.85M $19.04M
YoY Change 46.25% 17.12%
Cash From Operating Activities $97.01M $106.4M
YoY Change -8.85% -3.38%
INVESTING ACTIVITIES
Capital Expenditures -$33.70M -$21.50M
YoY Change 56.74% 0.94%
Acquisitions $486.7M $13.26M
YoY Change 3569.6% -46.8%
Other Investing Activities $835.0K -$12.80M
YoY Change -106.52% -48.18%
Cash From Investing Activities -$521.3M -$34.29M
YoY Change 1420.1% -25.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $0.00 $5.625M
YoY Change -100.0% 80.0%
Cash From Financing Activities $386.2M -$67.91M
YoY Change -668.69% 17.6%
NET CHANGE
Cash From Operating Activities $97.01M $106.4M
Cash From Investing Activities -$521.3M -$34.29M
Cash From Financing Activities $386.2M -$67.91M
Net Change In Cash -$38.07M $4.227M
YoY Change -1000.52% -33.77%
FREE CASH FLOW
Cash From Operating Activities $97.01M $106.4M
Capital Expenditures -$33.70M -$21.50M
Free Cash Flow $130.7M $127.9M
YoY Change 2.17% -2.68%

Facts In Submission

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CY2013Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-8595000 USD
CY2014Q1 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-16118000 USD
CY2013Q1 us-gaap Interest Paid Net
InterestPaidNet
7241000 USD
CY2014Q1 us-gaap Interest Paid Net
InterestPaidNet
8087000 USD
CY2014Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
3700000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
1076952000 USD
CY2014Q1 us-gaap Inventory Net
InventoryNet
1255804000 USD
CY2014Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4518774000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5209828000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
677953000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
775915000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1264246000 USD
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1695627000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
41535000 USD
CY2014Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
35106000 USD
CY2014Q1 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> </font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The unaudited financial statements presented in this report represent the consolidation of LKQ Corporation, a Delaware corporation, and its subsidiaries. LKQ Corporation is a holding company and all operations are conducted by subsidiaries. When the terms "LKQ," "the Company," "we," "us," or "our" are used in this document, those terms refer to LKQ Corporation and its consolidated subsidiaries.</font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to interim financial statements. Accordingly, certain information related to our significant accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all material adjustments (which include only normally recurring adjustments) necessary to fairly state, in all material respects, our financial position, results of operations and cash flows for the periods presented.</font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating results for interim periods are not necessarily indicative of the results that can be expected for any subsequent interim period or for a full year. These interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our most recent Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;"> filed with the SEC on March 3, 2014.</font></div><div style="line-height:120%;padding-top:8px;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As described in </font><font style="font-family:inherit;font-size:10pt;">Note 8, "Business Combinations</font><font style="font-family:inherit;font-size:10pt;">," on January 3, 2014, we completed our acquisition of Keystone Automotive Holdings, Inc. ("Keystone Specialty"), a distributor and marketer of specialty aftermarket equipment and accessories in North America. With our acquisition of Keystone Specialty, we present an additional reportable segment, Specialty. Our unaudited condensed consolidated financial statements reflect the impact of Keystone Specialty from the date of acquisition through the end of the quarter.</font></div></div>
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
386213000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-67913000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34293000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-521287000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106433000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
97009000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
84592000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
104653000 USD
CY2014Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-15124000 USD
CY2013Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-9820000 USD
CY2014Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 USD
CY2013Q4 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
0 USD
CY2014Q1 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2013Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2014Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
CY2014Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
141588000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
173834000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
707236000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
117099000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
51656000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
65260000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
80583000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
99206000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
197170000 USD
CY2014Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
96262000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
95873000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
81123000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
793000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
732000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
193000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18248000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
37000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
10000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
1698000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
1960000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-602000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
-693000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
47000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-503000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-642000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-168000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-139000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18675000 USD
CY2014Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
32913000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
105261000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92008000 USD
CY2013Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1716000 USD
CY2014Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-545000 USD
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
96000 USD
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-402000 USD
CY2014Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
9639000 USD
CY2013Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
CY2014Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3753000 USD
CY2013Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13264000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
486736000 USD
CY2013Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
CY2014Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2240000 USD
CY2014Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
33716000 USD
CY2013Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
21461000 USD
CY2014Q1 us-gaap Pledged Assets Not Separately Reported Finance Receivables
PledgedAssetsNotSeparatelyReportedFinanceReceivables
127300000 USD
CY2014Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
73397000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
50345000 USD
CY2014Q1 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
80000000 USD
CY2013Q1 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
1500000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
11250000 USD
CY2014Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
700123000 USD
CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
82152000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
432000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1405000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2377000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2840000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
546651000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
593867000 USD
CY2014Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
577212000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
458094000 USD
CY2013Q1 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
1500000 USD
CY2014Q1 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
0 USD
CY2013Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
116082000 USD
CY2014Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
390000000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
5625000 USD
CY2013Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
31592000 USD
CY2014Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
2006000 USD
CY2014Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
8952000 USD
CY2013Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2608000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1321642000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1426295000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1625777000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
1195997000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
184530000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
137056000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
31800 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.56
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
126755 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6832331 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
6444442 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.69
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.04
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.92
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
32.31
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
12447000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13537000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
6601000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
482844 shares
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2377000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2350745000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
2471027000 USD
CY2014Q1 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
80000000 USD
CY2013Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-18980000 USD
CY2014Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-563000 USD
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
302937000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
305514000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
301406000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
298226000 shares
CY2014Q1 lkq Business Acquisition Contingent Consideration Amount At Fair Value
BusinessAcquisitionContingentConsiderationAmountAtFairValue
57091000 USD
CY2012Q4 lkq Business Acquisition Contingent Consideration Amount At Fair Value
BusinessAcquisitionContingentConsiderationAmountAtFairValue
90009000 USD
CY2013Q1 lkq Business Acquisition Contingent Consideration Amount At Fair Value
BusinessAcquisitionContingentConsiderationAmountAtFairValue
49565000 USD
CY2013Q4 lkq Business Acquisition Contingent Consideration Amount At Fair Value
BusinessAcquisitionContingentConsiderationAmountAtFairValue
55653000 USD
CY2013Q1 lkq Business Acquisition Contingent Consideration And Liabilities At Fair Value
BusinessAcquisitionContingentConsiderationAndLiabilitiesAtFairValue
2389000 USD
CY2014Q1 lkq Business Acquisition Contingent Consideration And Liabilities At Fair Value
BusinessAcquisitionContingentConsiderationAndLiabilitiesAtFairValue
4317000 USD
CY2014Q1 lkq Business Acquisition Contingent Consideration At Fair Value Current1
BusinessAcquisitionContingentConsiderationAtFairValueCurrent1
52035000 USD
CY2013Q4 lkq Business Acquisition Contingent Consideration At Fair Value Current1
BusinessAcquisitionContingentConsiderationAtFairValueCurrent1
52465000 USD
CY2013Q1 lkq Business Acquisition Contingent Consideration Liabilities Payments Made
BusinessAcquisitionContingentConsiderationLiabilitiesPaymentsMade
37768000 USD
CY2014Q1 lkq Business Acquisition Contingent Consideration Liabilities Payments Made
BusinessAcquisitionContingentConsiderationLiabilitiesPaymentsMade
2006000 USD
CY2013Q1 lkq Business Acquisition Purchase Price Payable Including Notes Issued
BusinessAcquisitionPurchasePricePayableIncludingNotesIssued
4997000 USD
CY2014Q1 lkq Business Acquisition Purchase Price Payable Including Notes Issued
BusinessAcquisitionPurchasePricePayableIncludingNotesIssued
48308000 USD
CY2014Q1 lkq Contingent Consideration Translation Adjustments
ContingentConsiderationTranslationAdjustments
349000 USD
CY2013Q1 lkq Contingent Consideration Translation Adjustments
ContingentConsiderationTranslationAdjustments
-5888000 USD
CY2013Q1 lkq Distribution Expenses
DistributionExpenses
103857000 USD
CY2014Q1 lkq Distribution Expenses
DistributionExpenses
137329000 USD
CY2014Q1 lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
202962000 USD
CY2013Q1 lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
159403000 USD
CY2013Q1 lkq Facility And Warehouse Expenses
FacilityAndWarehouseExpenses
100246000 USD
CY2014Q1 lkq Facility And Warehouse Expenses
FacilityAndWarehouseExpenses
126159000 USD
CY2014Q1 lkq Goodwill Acquired During Period And Adjustments
GoodwillAcquiredDuringPeriodAndAdjustments
261316000 USD
CY2013Q1 lkq Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
25000 shares
CY2014Q1 lkq Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
11000 shares
CY2014Q1 lkq Intercompany Dividend Paid
IntercompanyDividendPaid
0 USD
CY2013Q1 lkq Intercompany Dividend Paid
IntercompanyDividendPaid
0 USD
CY2014Q1 lkq Interest Income Expense Related Party Net
InterestIncomeExpenseRelatedPartyNet
0 USD
CY2013Q1 lkq Interest Income Expense Related Party Net
InterestIncomeExpenseRelatedPartyNet
0 USD
CY2014Q1 lkq Investmentand Intercompany Note Activitywith Subsidiary
InvestmentandIntercompanyNoteActivitywithSubsidiary
0 USD
CY2013Q1 lkq Investmentand Intercompany Note Activitywith Subsidiary
InvestmentandIntercompanyNoteActivitywithSubsidiary
0 USD
CY2013Q1 lkq Other Comprehensive Income Loss Reclassification Adjustment Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentBeforeTax
-1698000 USD
CY2014Q1 lkq Other Comprehensive Income Loss Reclassification Adjustment Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentBeforeTax
-1913000 USD
CY2013Q1 lkq Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
602000 USD
CY2014Q1 lkq Other Comprehensive Income Loss Reclassification Adjustment Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentTax
683000 USD
CY2013Q1 lkq Other Comprehensive Income Loss Total Before Tax
OtherComprehensiveIncomeLossTotalBeforeTax
-19483000 USD
CY2014Q1 lkq Other Comprehensive Income Loss Total Before Tax
OtherComprehensiveIncomeLossTotalBeforeTax
-1205000 USD
CY2014Q1 lkq Other Comprehensive Income Loss Total Tax
OtherComprehensiveIncomeLossTotalTax
-168000 USD
CY2013Q1 lkq Other Comprehensive Income Loss Total Tax
OtherComprehensiveIncomeLossTotalTax
-139000 USD
CY2013Q4 lkq Other Unallocated Assets
OtherUnallocatedAssets
2437077000 USD
CY2014Q1 lkq Other Unallocated Assets
OtherUnallocatedAssets
2782945000 USD
CY2014Q1 lkq Paymentsfor Proceedsfrom Intercompany Financing Activities
PaymentsforProceedsfromIntercompanyFinancingActivities
0 USD
CY2013Q1 lkq Paymentsfor Proceedsfrom Intercompany Financing Activities
PaymentsforProceedsfromIntercompanyFinancingActivities
0 USD
CY2014Q1 lkq Restructuring Charges And Business Combination Acquisition Related Costs
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCosts
3321000 USD
CY2013Q1 lkq Restructuring Charges And Business Combination Acquisition Related Costs
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCosts
1505000 USD
CY2013Q4 lkq Revenue Recognition Reserve For Sales Returns Discounts Allowances
RevenueRecognitionReserveForSalesReturnsDiscountsAllowances
26600000 USD
CY2014Q1 lkq Revenue Recognition Reserve For Sales Returns Discounts Allowances
RevenueRecognitionReserveForSalesReturnsDiscountsAllowances
29900000 USD
CY2014Q1 lkq Segment Ebitda
SegmentEBITDA
205097000 USD
CY2013Q1 lkq Segment Ebitda
SegmentEBITDA
161731000 USD
CY2014Q1 lkq Standard Product Warranty Accrual Issued And Increase Decrease
StandardProductWarrantyAccrualIssuedAndIncreaseDecrease
7691000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Current Year
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInCurrentYear
15253000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Year Five
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInYearFive
101000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Year Four
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInYearFour
2334000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Year One
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInYearOne
13586000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Year Three
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInYearThree
4809000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognize In Year Two
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizeInYearTwo
8654000 USD
CY2014Q1 lkq Unrecognized Stock Based Compensation Expense Expected To Be Recognized Total
UnrecognizedStockBasedCompensationExpenseExpectedToBeRecognizedTotal
44737000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001065696
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
301859994 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
LKQ CORP
CY2014Q1 dei Trading Symbol
TradingSymbol
LKQ

Files In Submission

Name View Source Status
0001065696-14-000034-index-headers.html Edgar Link pending
0001065696-14-000034-index.html Edgar Link pending
0001065696-14-000034.txt Edgar Link pending
0001065696-14-000034-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lkq-20140331.xml Edgar Link completed
lkq-20140331.xsd Edgar Link pending
lkq-20140331x10q.htm Edgar Link pending
lkq-20140331_cal.xml Edgar Link unprocessable
lkq-20140331_def.xml Edgar Link unprocessable
lkq-20140331_lab.xml Edgar Link unprocessable
lkq-20140331_pre.xml Edgar Link unprocessable
lkq-ex311_20140331.htm Edgar Link pending
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