$LKQ
LKQ CORP

2022 Q1 Form 10-Q Financial Statement

#000106569622000032 Filed on May 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.348B $3.171B
YoY Change 5.58% 5.67%
Cost Of Revenue $1.991B $1.877B
YoY Change 6.07% 5.03%
Gross Profit $1.357B $1.294B
YoY Change 4.87% 6.6%
Gross Profit Margin 40.53% 40.81%
Selling, General & Admin $924.0M $849.0M
YoY Change 8.83% -5.65%
% of Gross Profit 68.09% 65.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $65.00M $72.00M
YoY Change -9.72% 0.87%
% of Gross Profit 4.79% 5.56%
Operating Expenses $924.0M $849.0M
YoY Change 8.83% -5.65%
Operating Profit $371.0M $371.0M
YoY Change 0.0% 53.4%
Interest Expense -$15.00M -$24.00M
YoY Change -37.5% -7.45%
% of Operating Profit -4.04% -6.47%
Other Income/Expense, Net -$15.00M -$18.00M
YoY Change -16.67% -48.66%
Pretax Income $356.0M $353.0M
YoY Change 0.85% 70.71%
Income Tax $89.00M $93.00M
% Of Pretax Income 25.0% 26.35%
Net Earnings $273.0M $266.0M
YoY Change 2.63% 83.28%
Net Earnings / Revenue 8.15% 8.39%
Basic Earnings Per Share $0.96 $0.88
Diluted Earnings Per Share $0.95 $0.88
COMMON SHARES
Basic Shares Outstanding 285.7M shares 303.1M shares
Diluted Shares Outstanding 286.8M shares 303.8M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $327.0M $590.0M
YoY Change -44.58% 77.18%
Cash & Equivalents $327.0M $590.0M
Short-Term Investments
Other Short-Term Assets $543.0M $219.0M
YoY Change 147.95% -1.79%
Inventory $2.573B $2.393B
Prepaid Expenses
Receivables $1.239B $1.252B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.682B $4.454B
YoY Change 5.12% 0.25%
LONG-TERM ASSETS
Property, Plant & Equipment $1.256B $1.205B
YoY Change 4.26% 0.19%
Goodwill $4.426B $4.516B
YoY Change -1.98% 5.01%
Intangibles $715.0M $777.4M
YoY Change -8.02% -5.12%
Long-Term Investments $179.0M $170.7M
YoY Change 4.84% 17.05%
Other Assets $219.0M $169.9M
YoY Change 28.9% 21.46%
Total Long-Term Assets $8.096B $8.212B
YoY Change -1.41% 3.79%
TOTAL ASSETS
Total Short-Term Assets $4.682B $4.454B
Total Long-Term Assets $8.096B $8.212B
Total Assets $12.78B $12.67B
YoY Change 0.89% 2.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.370B $1.229B
YoY Change 11.52% 37.45%
Accrued Expenses $330.0M $356.1M
YoY Change -7.34% 4.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $31.00M $240.0M
YoY Change -87.08% 163.74%
Total Short-Term Liabilities $2.495B $2.437B
YoY Change 2.4% 25.67%
LONG-TERM LIABILITIES
Long-Term Debt $2.680B $2.472B
YoY Change 8.41% -32.68%
Other Long-Term Liabilities $349.0M $369.5M
YoY Change -5.56% 13.21%
Total Long-Term Liabilities $349.0M $369.5M
YoY Change -5.56% 13.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.495B $2.437B
Total Long-Term Liabilities $349.0M $369.5M
Total Liabilities $2.844B $2.806B
YoY Change 1.35% 23.87%
SHAREHOLDERS EQUITY
Retained Earnings $5.995B $5.042B
YoY Change 18.9% 17.73%
Common Stock $1.485B $1.453B
YoY Change 2.21% 1.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.490B $526.1M
YoY Change 183.22% 19.61%
Treasury Stock Shares
Shareholders Equity $5.784B $5.843B
YoY Change
Total Liabilities & Shareholders Equity $12.78B $12.67B
YoY Change 0.89% 2.52%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $273.0M $266.0M
YoY Change 2.63% 83.28%
Depreciation, Depletion And Amortization $65.00M $72.00M
YoY Change -9.72% 0.87%
Cash From Operating Activities $409.0M $523.0M
YoY Change -21.8% 168.81%
INVESTING ACTIVITIES
Capital Expenditures -$59.00M -$41.80M
YoY Change 41.15% -6.07%
Acquisitions $0.00 $2.385M
YoY Change -100.0% -66.97%
Other Investing Activities $6.000M -$1.000M
YoY Change -700.0% -346.91%
Cash From Investing Activities -$63.00M -$33.00M
YoY Change 90.91% -26.46%
FINANCING ACTIVITIES
Cash Dividend Paid $71.00M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $144.0M $57.00M
YoY Change 152.63% -35.23%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $278.0M -$208.0M
YoY Change -233.65% -37.86%
NET CHANGE
Cash From Operating Activities $409.0M $523.0M
Cash From Investing Activities -$63.00M -$33.00M
Cash From Financing Activities $278.0M -$208.0M
Net Change In Cash $62.00M $278.0M
YoY Change -77.7% -241.26%
FREE CASH FLOW
Cash From Operating Activities $409.0M $523.0M
Capital Expenditures -$59.00M -$41.80M
Free Cash Flow $468.0M $564.8M
YoY Change -17.14% 136.26%

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