LKQ Corporation (LKQ) financial statements (2022 and earlier)

Company profile

Business Address 500 WEST MADISON STREET
CHICAGO, IL 60661
State of Incorp. DE
Fiscal Year End December 31
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Receivables1,0731,1851,2261,2521,0731,1751,126
Inventory, net of allowances, customer advances and progress billings2,6112,4242,3942,3932,4152,2462,288
Inventory2,6112,4242,3942,3932,4152,2462,288
Derivative instruments and hedges, assets     03
Other undisclosed current assets571651549809546682690
Total current assets:4,2544,2594,1694,4544,0344,1034,107
Noncurrent Assets
Operating lease, right-of-use asset1,3611,3411,3681,3731,3531,2831,273
Property, plant and equipment1,2991,1921,2071,2051,2491,2051,197
Long-term investments and receivables181178168171155148137
Long-term investments181178168171155148137
Intangible assets, net (including goodwill)5,2865,2815,3375,2935,4065,2735,176
Goodwill4,5404,5254,5684,5164,5924,4744,377
Intangible assets, net (excluding goodwill)746755768777814799799
Other noncurrent assets225209189170164150146
Total noncurrent assets:8,3528,2018,2708,2128,3278,0597,928
TOTAL ASSETS:12,60612,46112,43812,66512,36112,16112,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7111,8511,7691,7871,4791,4011,309
Accounts payable1,1761,2631,1911,229932848757
Accrued liabilities271332364356335357258
Employee-related liabilities261256214202209197179
Taxes payable3   3 114
Debt15   12  
Derivative instruments and hedges, liabilities   0594428
Customer refund liability107108106105102106104
Self insurance reserve61   55  
Other liabilities11312311110513010267
Other undisclosed current liabilities159240292440151272442
Total current liabilities:2,1652,3222,2782,4371,9881,9261,950
Noncurrent Liabilities
Long-term debt and lease obligation1,2461,1891,2151,2191,2431,1221,112
Finance lease, liability37   45  
Operating lease, liability1,2091,1891,2151,2191,1981,1221,112
Liabilities, other than long-term debt795659666655843663644
Accounts payable and accrued liabilities25   28  
Deferred income tax liabilities279281285286291305300
Liability, pension and other postretirement and postemployment benefits126   149  
Other liabilities364378380370375358344
Other undisclosed noncurrent liabilities2,5892,3482,3612,4722,5913,0103,158
Total noncurrent liabilities:4,6304,1974,2424,3464,6774,7954,914
Total liabilities:6,7956,5196,5206,7836,6656,7226,863
Temporary equity, carrying amount24242424242424
Stockholders' equity
Stockholders' equity attributable to parent5,7725,9025,8785,8435,6565,3885,119
Common stock3333333
Treasury stock, value(1,346)(1,049)(830)(526)(469)(440)(440)
Additional paid in capital1,4741,4651,4591,4501,4451,4391,433
Accumulated other comprehensive loss(153)(149)(101)(126)(99)(210)(280)
Retained earnings5,7945,6315,3475,0424,7764,5954,402
Stockholders' equity attributable to noncontrolling interest15161616162729
Total stockholders' equity:5,7875,9185,8945,8595,6715,4165,148
TOTAL LIABILITIES AND EQUITY:12,60612,46112,43812,66512,36112,16112,035

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3,1863,2973,4353,1712,9543,0482,626
Cost of revenue
(Cost of Goods and Services Sold)
(1,916)(1,953)(2,019)(1,877)(1,784)(1,849)(1,615)
Gross profit:1,2701,3431,4161,2941,1701,1991,011
Operating expenses(983)(962)(967)(914)(887)(883)(803)
Other undisclosed operating loss(6)(3)(4)(8)(15)(20)(27)
Operating income:280378445371267296180
Nonoperating expense(9)(13)(35)(18)(20)(28)(17)
Other nonoperating income (expense)73467(2)8
Interest and debt expense  (24)    
Other undisclosed income from continuing operations before equity method investments, income taxes  24    
Income from continuing operations before equity method investments, income taxes:271366409353247268163
Income (loss) from equity method investments683634(3)
Other undisclosed loss from continuing operations before income taxes(23)      
Income from continuing operations before income taxes:254373413359250272160
Income tax expense(41)(89)(108)(93)(69)(79)(42)
Other undisclosed income from continuing operations23      
Income before gain (loss) on sale of properties:236284305266181194118
Other undisclosed net income1   1 0
Net income:237284305266182194119
Other undisclosed net income (loss) attributable to parent(0)0(0)(0)(1)(0)0
Net income available to common stockholders, diluted:236284305266181193119

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:237284305266182194119
Other comprehensive income (loss)(5)(47)25(27)1117034
Comprehensive income:232237330239292264153
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)(0)(1)(0)0
Comprehensive income, net of tax, attributable to parent:232237330239292264153

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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