KAR Auction Services, Inc (KAR) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments508337317202155153192
Cash and cash equivalents508337317202155153192
Restricted cash and investments532819181617 
Receivables2,5582,7662,6252,4632,1441,7641,454
Prepaid expense and other current assets91
Other current assets126183176158131100 
Other undisclosed current assets     4155
Total current assets:3,2453,3143,1372,8412,4462,0751,792
Noncurrent Assets
Operating lease, right-of-use asset364
Property, plant and equipment     728704
Intangible assets, net (including goodwill)2,3282,8752,9182,8382,5242,4962,275
Goodwill1,8222,2142,1922,0571,7961,7051,705
Intangible assets, net (excluding goodwill)506661726781729791570
Regulated entity, other noncurrent assets    201738
Other noncurrent assets364121363436 
Prepaid expense and other noncurrent assets12
Other undisclosed noncurrent assets     (728)(397)
Total noncurrent assets:2,7282,9162,9392,8742,5792,5492,632
Other undisclosed assets609976908843767728704
TOTAL ASSETS:6,5817,2066,9846,5585,7925,3525,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0281,1661,019950871708502
Accounts payable705820683649608472436
Accrued liabilities217186172149128114 
Employee-related liabilities73103104101917864
Taxes payable1365562
Interest and dividends payable325454463839 
Debt2913121051541833
Accrued environmental loss contingencies  00000
Other undisclosed current liabilities1,4611,4451,3581,2801,201865900
Total current liabilities:2,5182,6252,3892,3352,2261,5911,435
Noncurrent Liabilities
Long-term debt and lease obligation2,2202,6542,6682,3651,7191,7371,735
Long-term debt, excluding current maturities1,8612,6542,6682,3651,7191,7371,735
Operating lease, liability358
Liabilities, other than long-term debt188463443460460477476
Deferred tax liabilities, net188193292301333355
Deferred income tax liabilities129
Other liabilities59275250169160144121
Other undisclosed noncurrent liabilities6      
Total noncurrent liabilities:2,4133,1173,1102,8252,1802,2142,211
Total liabilities:4,9315,7425,4995,1604,4063,8043,645
Stockholders' equity
Stockholders' equity attributable to parent1,6501,4641,4851,3971,3861,5471,482
Common stock1111111
Additional paid in capital1,0291,1321,2521,3711,4081,5941,534
Accumulated other comprehensive income (loss)(31)(61)(25)(49)(40)(2)19
Retained earnings (accumulated deficit)6513922577417(46)(72)
Total stockholders' equity:1,6501,4641,4851,3971,3861,5471,482
TOTAL LIABILITIES AND EQUITY:6,5817,2066,9846,5585,7925,3525,127

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,7823,7703,4583,1502,6402,3652,173
Revenue, net3,4583,1502,6402,3652,173
Cost of revenue(1,663)(2,252)(2,085)(1,907)(1,569)(1,383)(1,283)
Cost of goods and services sold(1,617)      
Gross profit:1,1191,5181,3731,2431,071982890
Operating expenses(805)(894)(807)(744)(644)(604)(633)
Operating income:314624566499427378257
Nonoperating income8421543
Other nonoperating income8421543
Interest and debt expense(192)(192)(192)(144)(91)(117)(110)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  22  0(0)
Income from continuing operations before income taxes:130436398355341265149
Income tax expense(38)(108)(36)(133)(126)(96)(82)
Income from continuing operations:9232836222221516968
Income from discontinued operations96      
Net income available to common stockholders, diluted:18932836222221516968

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:18932836222221516968
Comprehensive income:18932836222221516968
Other undisclosed comprehensive income (loss), net of tax, attributable to parent20(36)24(9)(39)(20)(16)
Comprehensive income, net of tax, attributable to parent:20829238621317614951

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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