2021 Q3 Form 10-Q Financial Statement

#000106569621000042 Filed on August 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2020 Q2
Revenue $3.297B $3.435B $2.626B
YoY Change 8.17% 30.79% -19.14%
Cost Of Revenue $1.953B $2.020B $1.615B
YoY Change 5.63% 25.05% -19.27%
Gross Profit $1.343B $1.415B $1.011B
YoY Change 12.09% 39.96% -18.94%
Gross Profit Margin 40.75% 41.19% 38.5%
Selling, General & Admin $897.9M $901.0M $737.4M
YoY Change 10.32% 22.19% -17.92%
% of Gross Profit 66.84% 63.67% 72.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.35M $70.00M $72.93M
YoY Change -7.83% -4.02% -4.23%
% of Gross Profit 5.24% 4.95% 7.21%
Operating Expenses $897.9M $901.0M $737.4M
YoY Change 10.32% 22.19% -17.92%
Operating Profit $378.2M $445.0M $180.5M
YoY Change 27.75% 146.6% -23.57%
Interest Expense -$15.43M -$16.00M -$25.62M
YoY Change -38.74% -37.54% -28.61%
% of Operating Profit -4.08% -3.6% -14.2%
Other Income/Expense, Net -$12.54M -$34.00M -$17.44M
YoY Change -54.69% 94.93% -42.15%
Pretax Income $365.6M $411.0M $163.0M
YoY Change 36.26% 152.13% -20.85%
Income Tax $89.34M $108.0M $41.87M
% Of Pretax Income 24.44% 26.28% 25.68%
Net Earnings $284.1M $305.0M $118.8M
YoY Change 46.81% 156.75% -21.1%
Net Earnings / Revenue 8.62% 8.88% 4.52%
Basic Earnings Per Share $0.97 $1.01 $0.39
Diluted Earnings Per Share $0.96 $1.01 $0.39
COMMON SHARES
Basic Shares Outstanding 294.0M shares 300.6M shares 304.0M shares
Diluted Shares Outstanding 294.9M shares 301.5M shares 304.2M shares

Balance Sheet

Concept 2021 Q3 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $402.7M $328.7M $476.0M
YoY Change -4.35% -30.95% 26.6%
Cash & Equivalents $402.7M $329.0M $476.4M
Short-Term Investments
Other Short-Term Assets $247.8M $220.0M $216.0M
YoY Change -5.04% 1.83% -32.5%
Inventory $2.424B $2.394B $2.288B
Prepaid Expenses
Receivables $1.185B $1.226B $1.126B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.259B $4.169B $4.107B
YoY Change 3.82% 1.5% -11.33%
LONG-TERM ASSETS
Property, Plant & Equipment $1.192B $1.207B $1.197B
YoY Change -1.03% 0.89% -0.84%
Goodwill $4.525B $4.568B $4.377B
YoY Change 1.16% 4.36% -0.74%
Intangibles $755.4M $768.5M $798.8M
YoY Change -5.51% -3.8% -9.24%
Long-Term Investments $178.4M $168.5M $136.7M
YoY Change 20.93% 23.26% 2.64%
Other Assets $208.7M $189.2M $146.5M
YoY Change 39.01% 29.16% -0.99%
Total Long-Term Assets $8.201B $8.270B $7.928B
YoY Change 1.77% 4.3% -1.78%
TOTAL ASSETS
Total Short-Term Assets $4.259B $4.169B $4.107B
Total Long-Term Assets $8.201B $8.270B $7.928B
Total Assets $12.46B $12.44B $12.04B
YoY Change 2.46% 3.35% -5.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.263B $1.191B $756.8M
YoY Change 48.98% 57.4% -26.66%
Accrued Expenses $332.0M $363.9M $258.5M
YoY Change -6.95% 40.78% -16.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $36.82M $90.83M $93.00M
YoY Change -62.05% -2.34% -30.08%
Total Short-Term Liabilities $2.322B $2.278B $1.950B
YoY Change 20.54% 16.84% -7.46%
LONG-TERM LIABILITIES
Long-Term Debt $2.348B $2.361B $3.158B
YoY Change -21.98% -25.25% -19.44%
Other Long-Term Liabilities $378.4M $380.4M $343.7M
YoY Change 5.58% 10.69% 0.44%
Total Long-Term Liabilities $378.4M $380.4M $343.7M
YoY Change 5.58% 10.69% 0.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.322B $2.278B $1.950B
Total Long-Term Liabilities $378.4M $380.4M $343.7M
Total Liabilities $2.701B $2.659B $2.293B
YoY Change 18.2% 15.92% -6.36%
SHAREHOLDERS EQUITY
Retained Earnings $5.631B $5.347B $4.402B
YoY Change 22.54% 21.47% 14.4%
Common Stock $1.469B $1.462B $1.437B
YoY Change 1.79% 1.79% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.049B $829.8M $439.8M
YoY Change 138.46% 88.66% 75.39%
Treasury Stock Shares
Shareholders Equity $5.902B $5.878B $5.119B
YoY Change
Total Liabilities & Shareholders Equity $12.46B $12.44B $12.04B
YoY Change 2.46% 3.35% -5.27%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $284.1M $305.0M $118.8M
YoY Change 46.81% 156.75% -21.1%
Depreciation, Depletion And Amortization $70.35M $70.00M $72.93M
YoY Change -7.83% -4.02% -4.23%
Cash From Operating Activities $428.9M $410.6M $718.5M
YoY Change 93.65% -42.85% 55.79%
INVESTING ACTIVITIES
Capital Expenditures -$44.85M -$46.05M -$32.80M
YoY Change 37.58% 40.41% -32.09%
Acquisitions
YoY Change
Other Investing Activities -$46.98M -$29.46M $1.600M
YoY Change -2235.23% -1941.38% -114.95%
Cash From Investing Activities -$91.83M -$75.62M -$31.10M
YoY Change 202.06% 143.14% -47.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $100.0M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -257.1M -600.2M -555.5M
YoY Change -1.34% 8.05% 63.72%
NET CHANGE
Cash From Operating Activities 428.9M 410.6M 718.5M
Cash From Investing Activities -91.83M -75.62M -31.10M
Cash From Financing Activities -257.1M -600.2M -555.5M
Net Change In Cash 80.01M -265.2M 131.9M
YoY Change -215.12% -301.09% 109.7%
FREE CASH FLOW
Cash From Operating Activities $428.9M $410.6M $718.5M
Capital Expenditures -$44.85M -$46.05M -$32.80M
Free Cash Flow $473.8M $456.6M $751.3M
YoY Change 86.46% -39.22% 47.46%

Facts In Submission

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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021Q2 us-gaap Defined Benefit Plan Funded Status Of Plan
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us-gaap Defined Benefit Plan Service Cost
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lkq Defined Benefits Plan Settlements Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-638000 USD
CY2021Q2 lkq Comprehensive Income Lossfrom Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeLossfromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
lkq Comprehensive Income Lossfrom Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeLossfromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2020Q2 lkq Comprehensive Income Lossfrom Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeLossfromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
lkq Comprehensive Income Lossfrom Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeLossfromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
103000 USD
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
304624000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
118515000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
570537000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
264669000 USD
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
64896000 USD
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
65747000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
130697000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
131242000 USD
CY2021Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5649000 USD
CY2020Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
4010000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
11264000 USD
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
9095000 USD
CY2021Q2 lkq Depreciationand Amortization Restructuring Expenses
DepreciationandAmortizationRestructuringExpenses
198000 USD
CY2020Q2 lkq Depreciationand Amortization Restructuring Expenses
DepreciationandAmortizationRestructuringExpenses
3173000 USD
lkq Depreciationand Amortization Restructuring Expenses
DepreciationandAmortizationRestructuringExpenses
379000 USD
lkq Depreciationand Amortization Restructuring Expenses
DepreciationandAmortizationRestructuringExpenses
3972000 USD
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-16172000 USD
CY2020Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-25616000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-40351000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-51547000 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-23564000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-23564000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-12751000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
107719000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
41869000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200688000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
102280000 USD
CY2021Q2 lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
522822000 USD
CY2020Q2 lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
258930000 USD
lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
977480000 USD
lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
575556000 USD
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3478000 USD
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2649000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9297000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2133000 USD
CY2021Q2 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
1061000 USD
CY2020Q2 us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
0 USD
us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
5800000 USD
us-gaap Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investments
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments
0 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1248703000 USD
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1368143000 USD
CY2021Q2 lkq Restructuring Charges And Business Combination Acquisition Related Costsnetof Restructuring Depreciation
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCostsnetofRestructuringDepreciation
4871000 USD
CY2020Q2 lkq Restructuring Charges And Business Combination Acquisition Related Costsnetof Restructuring Depreciation
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCostsnetofRestructuringDepreciation
21777000 USD
lkq Restructuring Charges And Business Combination Acquisition Related Costsnetof Restructuring Depreciation
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCostsnetofRestructuringDepreciation
12575000 USD
lkq Restructuring Charges And Business Combination Acquisition Related Costsnetof Restructuring Depreciation
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCostsnetofRestructuringDepreciation
27948000 USD
CY2021Q2 lkq Costof Goods Sold Restructuring Charges
CostofGoodsSoldRestructuringCharges
0 USD
CY2020Q2 lkq Costof Goods Sold Restructuring Charges
CostofGoodsSoldRestructuringCharges
5665000 USD
lkq Costof Goods Sold Restructuring Charges
CostofGoodsSoldRestructuringCharges
-163000 USD
lkq Costof Goods Sold Restructuring Charges
CostofGoodsSoldRestructuringCharges
5661000 USD
CY2021Q2 lkq Gain Loss On Disposal Of Businesses And Impairment Of Net Assets Held For Sale
GainLossOnDisposalOfBusinessesAndImpairmentOfNetAssetsHeldForSale
-597000 USD
CY2020Q2 lkq Gain Loss On Disposal Of Businesses And Impairment Of Net Assets Held For Sale
GainLossOnDisposalOfBusinessesAndImpairmentOfNetAssetsHeldForSale
2485000 USD
lkq Gain Loss On Disposal Of Businesses And Impairment Of Net Assets Held For Sale
GainLossOnDisposalOfBusinessesAndImpairmentOfNetAssetsHeldForSale
-582000 USD
lkq Gain Loss On Disposal Of Businesses And Impairment Of Net Assets Held For Sale
GainLossOnDisposalOfBusinessesAndImpairmentOfNetAssetsHeldForSale
2236000 USD
CY2021Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1134000 USD
CY2020Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-332000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
1085000 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
-428000 USD
CY2021Q2 lkq Segment Ebitda
SegmentEBITDA
523691000 USD
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
2575299000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
2601827000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1353124000 USD
CY2020Q2 lkq Segment Ebitda
SegmentEBITDA
291174000 USD
lkq Segment Ebitda
SegmentEBITDA
975298000 USD
lkq Segment Ebitda
SegmentEBITDA
613106000 USD
CY2021Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
46075000 USD
CY2020Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
32763000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
87854000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
77301000 USD
CY2021Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
1225735000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1073389000 USD
CY2021Q2 us-gaap Inventory Net
InventoryNet
2394147000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
2414612000 USD
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1207156000 USD
CY2021Q2 us-gaap Equity Method Investments
EquityMethodInvestments
168467000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
155224000 USD
CY2021Q2 lkq Other Unallocated Assets
OtherUnallocatedAssets
6074411000 USD
CY2020Q4 lkq Other Unallocated Assets
OtherUnallocatedAssets
6115481000 USD
CY2021Q2 us-gaap Assets
Assets
12438059000 USD
CY2020Q4 us-gaap Assets
Assets
12360533000 USD
CY2021Q2 us-gaap Revenues
Revenues
3435114000 USD
CY2020Q2 us-gaap Revenues
Revenues
2626323000 USD
us-gaap Revenues
Revenues
6605900000 USD
us-gaap Revenues
Revenues
5627258000 USD

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