LKQ Corporation (LKQ) Financial Statements (2023 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)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   33228022787
Cash and cash equivalents   33228022787
Receivables1,0731,0731,1311,1541,027861590
Inventory, net of allowances, customer advances and progress billings2,6112,4152,7732,8362,3811,9351,557
Inventory2,6112,4152,7732,8362,3811,9351,557
Deferred costs     2214
Derivative instruments and hedges, assets  30   
Disposal group, including discontinued operation     457 
Other undisclosed current assets5715467811991346693
Total current assets:4,2544,0344,6884,5213,8223,5682,341
Noncurrent Assets
Operating lease, right-of-use asset1,3611,3531,309✕✕✕✕
Property, plant and equipment1,2991,2491,2341,220913812697
Long-term investments and receivables181155139179208183 
Long-term investments181155139179208183 
Intangible assets, net (including goodwill)5,2865,4065,2575,3104,2803,6392,534
Goodwill4,5404,5924,4074,3813,5373,0552,319
Intangible assets, net (excluding goodwill)746814850929744584215
Other noncurrent assets22516415316314310276
Total noncurrent assets:8,3528,3278,0926,8725,5454,7363,307
TOTAL ASSETS:12,60612,36112,78011,3939,3678,3035,648
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7111,4791,4121,4031,151922627
Accounts payable1,176932943942789634416
Accrued liabilities271335290288219170124
Employee-related liabilities26120917917214311987
Taxes payable33     
Debt1512231    
Derivative instruments and hedges, liabilities 5910  1
Disposal group, including discontinued operation     145 
Customer refund liability10710297105   
Self insurance reserve61555452434038
Other liabilities11313012261463832
Other undisclosed current liabilities15915126270836655
Total current liabilities:2,1651,9882,1791,6901,3231,211752
Noncurrent Liabilities
Long-term debt and lease obligation1,2461,2431,169    
Finance lease, liability374531✕✕✕✕
Operating lease, liability1,2091,1981,138✕✕✕✕
Liabilities, other than long-term debt795843519823621411253
Accounts payable and accrued liabilities2528     
Deferred tax liabilities, net✕✕✕311252200127
Deferred income tax liabilities279291 ✕✕✕✕
Liability, pension and other postretirement and postemployment benefits126149130107   
Disposal group, including discontinued operation, liabilities     34 
Other liabilities364375366364308174125
Derivative instruments and hedges, liabilities  2341613 
Other undisclosed noncurrent liabilities2,5892,5913,8404,0413,216  
Total noncurrent liabilities:4,6304,6775,5294,8643,837411253
Total liabilities:6,7956,6657,7076,5555,1601,6211,004
Temporary equity, carrying amount242424    
Stockholders' equity
Stockholders' equity attributable to parent5,7725,6565,0094,7824,1983,4433,115
Common stock3333333
Treasury stock, value(1,346)(469)(352)(60)   
Additional paid in capital1,4741,4451,4181,4151,1411,1171,091
Accumulated other comprehensive loss(153)(99)(201)(175)(70)(267)(105)
Retained earnings5,7944,7764,1403,5993,1242,5902,126
Stockholders' equity attributable to noncontrolling interest151640568  
Total stockholders' equity:5,7875,6715,0494,8394,2073,4433,115
Other undisclosed liabilities and equity     3,2391,529
TOTAL LIABILITIES AND EQUITY:12,60612,36112,78011,3939,3678,3035,648

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,08911,62912,50611,8779,7378,5847,193
Revenue, net✕✕✕11,8779,7378,5847,193
Cost of revenue
(Cost of Goods and Services Sold)		(7,766)(7,036)(7,654)(7,302)(5,937)(5,232)(4,359)
Gross profit:5,3224,5934,8524,5753,8003,3522,834
Operating expenses(3,826)(3,538)(3,918)(3,660)(1,351)(1,178)(950)
Other undisclosed operating loss(22)(69)(37)(32)(1,602)(1,410)(1,178)
Operating income:1,474986897882847763705
Nonoperating expense(75)(101)(106)(139)(81)(86)(56)
Foreign currency transaction gain, before tax     18 
Other nonoperating income20163361823
Interest and debt expense(24)(13)(139)(146)(102)(88)(58)
Other undisclosed income from continuing operations before equity method investments, income taxes24131391461028858
Income from continuing operations before equity method investments, income taxes:1,399885791743767677649
Income (loss) from equity method investments235(32)(64)6(1)(6)
Other undisclosed loss from continuing operations before income taxes(23)      
Income from continuing operations before income taxes:1,399890759679773677643
Income tax expense(331)(249)(215)(191)(236)(221)(220)
Other undisclosed income from continuing operations23      
Income before gain (loss) on sale of properties:1,091641543488537456423
Other undisclosed net income (loss)1(0)2(4)(7)  
Net income:1,092640545483530456423
Net income (loss) attributable to noncontrolling interest   (3)4  
Other undisclosed net income (loss) attributable to parent(1)(2)(4)  8 
Net income available to common stockholders, diluted:1,091638541480534464423

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,092640545483530456423
Other comprehensive income (loss)(54)102(26)(110)197(162)(65)
Comprehensive income:1,038742519373727294358
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (3)4  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(2)(4)  8 
Comprehensive income, net of tax, attributable to parent:1,037740515370730302358

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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