KAR Auction Services, Inc (KAR) financial statements (2021 and earlier)

Company profile

Business Address 11299 N. ILLINOIS STREET
CARMEL, IN 46032
State of Incorp. DE
Fiscal Year End December 31
SIC 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments752508337317202155153
Cash and cash equivalents752508337317202155153
Restricted cash and investments60532819181617
Receivables2,2562,5582,7662,6252,4632,1441,764
Other current assets107126183176158131100
Other undisclosed current assets      41
Total current assets:3,1753,2453,3143,1372,8412,4462,075
Noncurrent Assets
Operating lease, right-of-use asset351364
Property, plant and equipment590     728
Intangible assets, net (including goodwill)2,6422,3282,8752,9182,8382,5242,496
Goodwill2,1401,8222,2142,1922,0571,7961,705
Intangible assets, net (excluding goodwill)502506661726781729791
Regulated entity, other noncurrent assets     2017
Other noncurrent assets41364121363436
Other undisclosed noncurrent assets      (728)
Total noncurrent assets:3,6232,7282,9162,9392,8742,5792,549
Other undisclosed assets 609976908843767728
TOTAL ASSETS:6,7986,5817,2066,9846,5585,7925,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9651,0281,1661,019950871708
Accounts payable689705820683649608472
Accrued liabilities185217186172149128114
Employee-related liabilities81731031041019178
Taxes payable3136556
Interest and dividends payable7325454463839
Debt2429131210515418
Accrued environmental loss contingencies   0000
Other undisclosed current liabilities1,2611,4611,4451,3581,2801,201865
Total current liabilities:2,2512,5182,6252,3892,3352,2261,591
Noncurrent Liabilities
Long-term debt and lease obligation2,1982,2202,6542,6682,3651,7191,737
Long-term debt, excluding current maturities1,8541,8612,6542,6682,3651,7191,737
Operating lease, liability344358
Liabilities, other than long-term debt184188463443460460477
Deferred tax liabilities, net188193292301333
Deferred income tax liabilities129129
Other liabilities5559275250169160144
Other undisclosed noncurrent liabilities 6     
Total noncurrent liabilities:2,3822,4133,1173,1102,8252,1802,214
Total liabilities:4,6334,9315,7425,4995,1604,4063,804
Temporary equity, carrying amount550      
Stockholders' equity
Stockholders' equity attributable to parent1,6161,6501,4641,4851,3971,3861,547
Common stock1111111
Additional paid in capital1,0471,0291,1321,2521,3711,4081,594
Accumulated other comprehensive loss(33)(31)(61)(25)(49)(40)(2)
Retained earnings (accumulated deficit)6016513922577417(46)
Total stockholders' equity:1,6161,6501,4641,4851,3971,3861,547
TOTAL LIABILITIES AND EQUITY:6,7986,5817,2066,9846,5585,7925,352

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,1882,7823,7703,4583,1502,6402,365
Revenue, net3,4583,1502,6402,365
Cost of revenue(1,328)(1,663)(2,252)(2,085)(1,907)(1,569)(1,383)
Cost of goods and services sold(1,285)(1,617)     
Gross profit:8591,1191,5181,3731,2431,071982
Operating expenses(723)(805)(894)(807)(744)(644)(604)
Operating income:136314624566499427378
Nonoperating income (expense)(2)842154
Other nonoperating income (expense)(2)842154
Interest and debt expense(129)(192)(192)(192)(144)(91)(117)
Other undisclosed income from continuing operations before equity method investments, income taxes   22  0
Income from continuing operations before income taxes:5130436398355341265
Income tax expense(5)(38)(108)(36)(133)(126)(96)
Income from continuing operations:192328362222215169
Income from discontinued operations 96     
Net income attributable to parent:1189328362222215169
Preferred stock dividends and other adjustments(22)      
Net income (loss) available to common stockholders, diluted:(21)189328362222215169

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1189328362222215169
Other comprehensive loss(2)      
Comprehensive income (loss):(1)189328362222215169
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 20(36)24(9)(39)(20)
Comprehensive income (loss), net of tax, attributable to parent:(1)208292386213176149

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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