LKQ Corporation (LKQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 WEST MADISON STREET
CHICAGO, IL 60661
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 501 - Motor Vehicles And Motor Vehicle Parts And Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments278   332280
Cash and cash equivalents278   332280
Receivables9981,0731,0731,1311,1541,027
Inventory, net of allowances, customer advances and progress billings2,7522,6112,4152,7732,8362,381
Inventory2,7522,6112,4152,7732,8362,381
Derivative instruments and hedges, assets    30 
Other undisclosed current assets230571546781199134
Total current assets:4,2584,2544,0344,6884,5213,822
Noncurrent Assets
Operating lease, right-of-use asset1,2271,3611,3531,309
Property, plant and equipment1,2361,2991,2491,2341,220913
Long-term investments and receivables141181155139179208
Long-term investments141181155139179208
Intangible assets, net (including goodwill)4,9725,2865,4065,2575,3104,280
Goodwill4,3194,5404,5924,4074,3813,537
Intangible assets, net (excluding goodwill)653746814850929744
Other noncurrent assets204225164153163143
Total noncurrent assets:7,7808,3528,3278,0926,8725,545
TOTAL ASSETS:12,03812,60612,36112,78011,3939,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8571,7111,4791,4121,4031,151
Taxes payable633   
Employee-related liabilities218261209179172143
Accounts payable1,3391,176932943942789
Accrued liabilities294271335290288219
Debt171512231  
Derivative instruments and hedges, liabilities   5910 
Customer refund liability10910710297105 
Self insurance reserve626155545243
Other liabilities891131301226146
Other undisclosed current liabilities1371591512627083
Total current liabilities:2,2712,1651,9882,1791,6901,323
Noncurrent Liabilities
Long-term debt and lease obligation311,2461,2431,169  
Finance lease, liability31374531
Liabilities, other than long-term debt1,743795843519823621
Accounts payable and accrued liabilities 192528   
Deferred tax liabilities, net311252
Deferred income tax liabilities280279291 
Liability, pension and other postretirement and postemployment benefits70126149130107 
Other liabilities283364375366364308
Operating lease, liability1,0911,2091,1981,138
Derivative instruments and hedges, liabilities    234161
Other undisclosed noncurrent liabilities2,5022,5892,5913,8404,0413,216
Total noncurrent liabilities:4,2764,6304,6775,5294,8643,837
Total liabilities:6,5476,7956,6657,7076,5555,160
Temporary equity, carrying amount 24242424  
Equity
Equity, attributable to parent5,4535,7725,6565,0094,7824,198
Common stock333333
Treasury stock, value(2,389)(1,346)(469)(352)(60) 
Additional paid in capital1,5061,4741,4451,4181,4151,141
Accumulated other comprehensive loss(323)(153)(99)(201)(175)(70)
Retained earnings6,6565,7944,7764,1403,5993,124
Equity, attributable to noncontrolling interest14151640568
Total equity:5,4675,7875,6715,0494,8394,207
TOTAL LIABILITIES AND EQUITY:12,03812,60612,36112,78011,3939,367

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,79413,08911,62912,50611,8779,737
Revenue, net11,8779,737
Cost of revenue
(Cost of Goods and Services Sold)
(7,571)(7,766)(7,036)(7,654)(7,302)(5,937)
Gross profit:5,2235,3224,5934,8524,5753,800
Operating expenses(3,622)(3,826)(3,538)(3,918)(3,660)(1,351)
Other undisclosed operating loss(20)(22)(69)(37)(32)(1,602)
Operating income:1,5811,474986897882847
Nonoperating expense(63)(75)(101)(106)(139)(81)
Other nonoperating income15201633618
Interest and debt expense78(24)(13)(139)(146)(102)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(78)2413139146102
Income from continuing operations before equity method investments, income taxes:1,5181,399885791743767
Income (loss) from equity method investments11235(32)(64)6
Other undisclosed loss from continuing operations before income taxes  (23)    
Income from continuing operations before income taxes:1,5291,399890759679773
Income tax expense(385)(331)(249)(215)(191)(236)
Other undisclosed income from continuing operations  23    
Income from continuing operations:1,1441,091641543488537
Income before gain (loss) on sale of properties:1,091641543488537
Other undisclosed net income (loss)61(0)2(4)(7)
Net income:1,1501,092640545483530
Net income (loss) attributable to noncontrolling interest     (3)4
Other undisclosed net loss attributable to parent (1)(1)(2)(4)  
Net income available to common stockholders, diluted:1,1491,091638541480534

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,1501,092640545483530
Other comprehensive income (loss)(170)(54)102(26)(110)197
Comprehensive income:9801,038742519373727
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (3)4
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)(1)(2)(4)  
Comprehensive income, net of tax, attributable to parent:9791,037740515370730

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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