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)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2994011,904342278269
Cash and cash equivalents2994011,904342278269
Receivables1,1651,3011,2571,2579981,051
Inventory, net of allowances, customer advances and progress billings3,1212,9982,6812,7332,7522,635
Inventory3,1212,9982,6812,7332,7522,635
Disposal group, including discontinued operation  311    
Other undisclosed current assets283275314291230247
Total current assets:4,8685,2866,1564,6234,2584,202
Noncurrent Assets
Operating lease, right-of-use asset1,3361,3081,2771,2491,2271,193
Property, plant and equipment1,5161,4271,2981,2651,2361,169
Long-term investments and receivables159158155156141146
Long-term investments159158155156141146
Intangible assets, net (including goodwill)6,9136,7245,0485,0174,9724,758
Goodwill5,6005,5484,4004,3664,3194,132
Intangible assets, net (excluding goodwill)1,3131,176648651653626
Other noncurrent assets287265221198204198
Total noncurrent assets:10,2119,8827,9997,8857,7807,464
TOTAL ASSETS:15,07915,16814,15512,50812,03811,666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9572,0861,8181,6951,8571,889
Taxes payable6
Employee-related liabilities218224
Accounts payable1,6481,7231,4751,3711,3391,356
Accrued liabilities309363343324294309
Debt 26   17 
Disposal group, including discontinued operation  173    
Customer refund liability132124120119109108
Self insurance reserve 73   62 
Other liabilities14914811215089123
Other undisclosed current liabilities9811,028978448137231
Total current liabilities:3,3183,5593,0282,4122,2712,351
Noncurrent Liabilities
Long-term debt and lease obligation 57   311,066
Finance lease, liability 57   31 
Liabilities, other than long-term debt2,0081,8491,7141,6831,743558
Accounts payable and accrued liabilities     19 
Deferred income tax liabilities448416300283280246
Liability, pension and other postretirement and postemployment benefits 83   70 
Other liabilities314289283289283312
Operating lease, liability1,1631,1441,1311,1111,0911,066
Other undisclosed noncurrent liabilities3,5153,7633,4212,6842,5022,390
Total noncurrent liabilities:5,5805,6125,1354,3674,2764,014
Total liabilities:8,8989,1718,1636,7796,5476,365
Temporary equity, carrying amount  2424242424
Equity
Equity, attributable to parent6,1675,9585,9535,6915,4535,262
Common stock333333
Treasury stock, value(2,424)(2,394)(2,394)(2,394)(2,389)(2,237)
Additional paid in capital1,5381,5271,5201,5101,5061,499
Accumulated other comprehensive loss(240)(372)(235)(280)(323)(539)
Retained earnings7,2907,1947,0596,8526,6566,536
Equity, attributable to noncontrolling interest141515141415
Total equity:6,1815,9735,9685,7055,4675,277
TOTAL LIABILITIES AND EQUITY:15,07915,16814,15512,50812,03811,666

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues3,5013,5683,4483,3493,0013,104
Cost of revenue
(Cost of Goods and Services Sold)
(2,102)(2,178)(2,034)(1,977)(1,778)(1,828)
Gross profit:1,3991,3901,4141,3721,2231,276
Operating expenses(1,110)(1,055)(999)(989)(920)(915)
Other undisclosed operating loss(12)(27)(8)(18)(10)(3)
Operating income:277308407365293358
Nonoperating expense(55)(45)(18)(4)(21)(11)
Other nonoperating income1014119116
Interest and debt expense 62521  
Other undisclosed loss from continuing operations before equity method investments, income taxes (62)(52)(1)  
Income from continuing operations before equity method investments, income taxes:222263389361272347
Income (loss) from equity method investments642332
Income from continuing operations before income taxes:228267391364275349
Income tax expense(43)(60)(109)(94)(81)(88)
Income from continuing operations:185207282270194261
Income before gain (loss) on sale of properties:261
Other undisclosed net income (loss) (7)1  11
Net income:178208282270195262
Other undisclosed net loss attributable to parent     (1) 
Net income available to common stockholders, diluted:178208282270194262

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:178208282270195262
Other comprehensive income (loss)132(137)4543216(184)
Comprehensive income:3107132731341178
Other undisclosed comprehensive loss, net of tax, attributable to parent (1) (1) (1) 
Comprehensive income, net of tax, attributable to parent:3097132631341078

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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