$LKQ
LKQ CORP

2012 Q2 Form 10-Q Financial Statement

#000119312512319255 Filed on July 27, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $1.007B $759.7M
YoY Change 32.49% 29.93%
Cost Of Revenue $584.6M $437.4M
YoY Change 33.65% 35.25%
Gross Profit $421.9M $322.2M
YoY Change 30.94% 23.32%
Gross Profit Margin 41.92% 42.42%
Selling, General & Admin $121.7M $229.6M
YoY Change -47.0% 26.02%
% of Gross Profit 28.84% 71.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.19M $12.90M
YoY Change 33.25% 29.0%
% of Gross Profit 4.07% 4.0%
Operating Expenses $121.7M $241.4M
YoY Change -49.59% 26.12%
Operating Profit $108.6M $78.49M
YoY Change 38.33% 12.28%
Interest Expense -$7.356M -$3.100M
YoY Change 137.29% -56.94%
% of Operating Profit -6.78% -3.95%
Other Income/Expense, Net -$7.368M $400.0K
YoY Change -1942.0% 300.0%
Pretax Income $101.2M $75.80M
YoY Change 33.51% 21.09%
Income Tax $37.20M $29.10M
% Of Pretax Income 36.76% 38.39%
Net Earnings $64.00M $46.71M
YoY Change 37.02% 23.23%
Net Earnings / Revenue 6.36% 6.15%
Basic Earnings Per Share $0.22 $0.16
Diluted Earnings Per Share $0.21 $0.16
COMMON SHARES
Basic Shares Outstanding 295.3M shares
Diluted Shares Outstanding 300.2M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.00M $42.00M
YoY Change 40.48% -77.89%
Cash & Equivalents $59.35M $42.26M
Short-Term Investments
Other Short-Term Assets $86.00M $55.00M
YoY Change 56.36% 30.95%
Inventory $798.8M $557.0M
Prepaid Expenses
Receivables $309.0M $237.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.253B $890.0M
YoY Change 40.79% 11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $443.6M $358.0M
YoY Change 23.9% 22.18%
Goodwill $1.579B
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $44.66M $37.00M
YoY Change 20.69% 76.19%
Total Long-Term Assets $2.172B $1.528B
YoY Change 42.17% 14.89%
TOTAL ASSETS
Total Short-Term Assets $1.253B $890.0M
Total Long-Term Assets $2.172B $1.528B
Total Assets $3.425B $2.418B
YoY Change 41.66% 13.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $224.3M $78.00M
YoY Change 187.53% 50.0%
Accrued Expenses $80.80M $88.00M
YoY Change -8.18% -7.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $46.00M $16.00M
YoY Change 187.5% -40.74%
Total Short-Term Liabilities $445.3M $193.0M
YoY Change 130.74% -1.53%
LONG-TERM LIABILITIES
Long-Term Debt $954.0M $571.0M
YoY Change 67.08% 0.71%
Other Long-Term Liabilities $74.32M $53.00M
YoY Change 40.23% 112.0%
Total Long-Term Liabilities $74.32M $624.0M
YoY Change -88.09% 5.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $445.3M $193.0M
Total Long-Term Liabilities $74.32M $624.0M
Total Liabilities $519.6M $882.0M
YoY Change -41.08% 4.88%
SHAREHOLDERS EQUITY
Retained Earnings $893.8M
YoY Change
Common Stock $929.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.814B $1.536B
YoY Change
Total Liabilities & Shareholders Equity $3.425B $2.418B
YoY Change 41.66% 13.47%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $64.00M $46.71M
YoY Change 37.02% 23.23%
Depreciation, Depletion And Amortization $17.19M $12.90M
YoY Change 33.25% 29.0%
Cash From Operating Activities $10.80M $23.80M
YoY Change -54.62% 81.68%
INVESTING ACTIVITIES
Capital Expenditures -$20.30M -$24.40M
YoY Change -16.8% 146.46%
Acquisitions
YoY Change
Other Investing Activities -$95.10M -$52.00M
YoY Change 82.88% 430.61%
Cash From Investing Activities -$115.5M -$76.50M
YoY Change 50.98% 286.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 109.2M 30.50M
YoY Change 258.03% 747.22%
NET CHANGE
Cash From Operating Activities 10.80M 23.80M
Cash From Investing Activities -115.5M -76.50M
Cash From Financing Activities 109.2M 30.50M
Net Change In Cash 4.500M -22.20M
YoY Change -120.27% 616.13%
FREE CASH FLOW
Cash From Operating Activities $10.80M $23.80M
Capital Expenditures -$20.30M -$24.40M
Free Cash Flow $31.10M $48.20M
YoY Change -35.48% 109.57%

Facts In Submission

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lkq Business Acquisition Contingent Liabilities And Consideration At Fair Value
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dei Trading Symbol
TradingSymbol
LKQ
dei Entity Registrant Name
EntityRegistrantName
LKQ CORP
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Entity Central Index Key
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0001065696
dei Current Fiscal Year End Date
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2674000
us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
551000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
91395000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29106000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
1224000
us-gaap Net Income Loss
NetIncomeLoss
46706000
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.39
lkq Earnings Before Interest Taxes Depreciation And Amortization
EarningsBeforeInterestTaxesDepreciationAndAmortization
93354000
lkq Incremental Common Shares Attributable To Restricted Stock
IncrementalCommonSharesAttributableToRestrictedStock
27000 shares
lkq Restructuring Charges And Business Combination Acquisition Related Costs
RestructuringChargesAndBusinessCombinationAcquisitionRelatedCosts
2377000
lkq Facility And Warehouse Expenses
FacilityAndWarehouseExpenses
69183000
lkq Distribution Expenses
DistributionExpenses
69048000

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