OPENLANE Inc. (KAR) Financial Statements (2025 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments94226190752508337
Cash and cash equivalents94226190752508337
Restricted cash and investments655226605328
Receivables2,5742,6663,0332,2562,5582,766
Other current assets10979110107126183
Total current assets:2,8423,0223,3583,1753,2453,314
Noncurrent Assets
Operating lease, right-of-use asset7685326351364
Property, plant and equipment170124579590  
Intangible assets, net (including goodwill)1,5891,8323,0982,6422,3282,875
Goodwill1,2711,4652,5782,1401,8222,214
Intangible assets, net (excluding goodwill)318367519502506661
Other noncurrent assets505756413641
Total noncurrent assets:1,8842,0974,0593,6232,7282,916
Other undisclosed assets     609976
TOTAL ASSETS:4,7265,1207,4176,7986,5817,206
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6926771,2679651,0281,166
Interest and dividends payable673254
Taxes payable8313
Employee-related liabilities608173103
Accounts payable5575511,024689705820
Accrued liabilities136126170185217186
Debt15528916242913
Other undisclosed current liabilities1,6321,6781,6921,2611,4611,445
Total current liabilities:2,4792,6432,9762,2512,5182,625
Noncurrent Liabilities
Long-term debt and lease obligation 2022052,1672,1982,2202,654
Long-term debt, excluding current maturities 2022051,8501,8541,8612,654
Liabilities, other than long-term debt106141171184188463
Deferred tax liabilities, net188
Deferred income tax liabilities2154138129129
Other liabilities147325559275
Operating lease, liability7080317344358
Other undisclosed noncurrent liabilities     6 
Total noncurrent liabilities:3083462,3382,3822,4133,117
Total liabilities:2,7872,9895,3134,6334,9315,742
Temporary equity, carrying amount613613591550  
Equity
Equity, attributable to parent1,3271,5181,5131,6161,6501,464
Common stock111111
Additional paid in capital7387449111,0471,0291,132
Accumulated other comprehensive loss(37)(50)(25)(33)(31)(61)
Retained earnings624823626601651392
Total equity:1,3271,5181,5131,6161,6501,464
TOTAL LIABILITIES AND EQUITY:4,7265,1207,4176,7986,5817,206

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,6451,5192,2522,1882,7823,770
Cost of revenue(969)(935)(1,339)(1,328)(1,663)(2,252)
Cost of goods and services sold(868)(834)(1,300)(1,285)(1,617) 
Gross profit:6765859138591,1191,518
Operating expenses(681)(411)(703)(723)(805)(894)
Operating income (loss):(5)174211136314624
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
16118(2)84
Interest and debt expense(157)(136)(127)(129)(192)(192)
Income (loss) from continuing operations before equity method investments, income taxes:(147)391025130436
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(147)391025130436
Income tax expense(8)(10)(35)(5)(38)(108)
Income (loss) from continuing operations:(155)2967192328
Income before gain (loss) on sale of properties:671189328
Income (loss) from discontinued operations 1(309)  96 
Other undisclosed net income      
Net income (loss):(154)(281)671189328
Other undisclosed net income attributable to parent  522    
Net income (loss) attributable to parent:(154)241671189328
Preferred stock dividends and other adjustments(44)(44)(41)(22)  
Undistributed earnings (loss) allocated to participating securities, basic 4(6)   
Other undisclosed net loss available to common stockholders, basic(1)(213)    
Net income (loss) available to common stockholders, diluted:(199)(12)20(21)189328

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(154)(281)671189328
Other comprehensive income (loss)13(25)8(2)  
Comprehensive income (loss):(141)(305)75(1)189328
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 522  20(36)
Comprehensive income (loss), net of tax, attributable to parent:(141)21675(1)208292

Statements Sources

The financial statements are based on the Company's filings with 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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