KAR Auction Services, Inc (KAR) financial statements (2022 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)

12/31/2021
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 investments190752508337317202155
Cash and cash equivalents190752508337317202155
Restricted cash and investments26605328191816
Receivables3,0332,2562,5582,7662,6252,4632,144
Other current assets110107126183176158131
Total current assets:3,3583,1753,2453,3143,1372,8412,446
Noncurrent Assets
Operating lease, right-of-use asset326351364
Property, plant and equipment579590     
Intangible assets, net (including goodwill)3,0982,6422,3282,8752,9182,8382,524
Goodwill2,5782,1401,8222,2142,1922,0571,796
Intangible assets, net (excluding goodwill)519502506661726781729
Regulated entity, other noncurrent assets      20
Other noncurrent assets56413641213634
Total noncurrent assets:4,0593,6232,7282,9162,9392,8742,579
Other undisclosed assets  609976908843767
TOTAL ASSETS:7,4176,7986,5817,2066,9846,5585,792
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2679651,0281,1661,019950871
Accounts payable1,024689705820683649608
Accrued liabilities170185217186172149128
Employee-related liabilities60817310310410191
Taxes payable8313655
Interest and dividends payable673254544638
Debt1624291312105154
Accrued environmental loss contingencies    000
Other undisclosed current liabilities1,6921,2611,4611,4451,3581,2801,201
Total current liabilities:2,9762,2512,5182,6252,3892,3352,226
Noncurrent Liabilities
Long-term debt and lease obligation2,1672,1982,2202,6542,6682,3651,719
Long-term debt, excluding current maturities1,8501,8541,8612,6542,6682,3651,719
Operating lease, liability317344358
Liabilities, other than long-term debt171184188463443460460
Deferred tax liabilities, net188193292301
Deferred income tax liabilities138129129
Other liabilities325559275250169160
Other undisclosed noncurrent liabilities  6    
Total noncurrent liabilities:2,3382,3822,4133,1173,1102,8252,180
Total liabilities:5,3134,6334,9315,7425,4995,1604,406
Temporary equity, carrying amount591550     
Stockholders' equity
Stockholders' equity attributable to parent1,5131,6161,6501,4641,4851,3971,386
Common stock1111111
Additional paid in capital9111,0471,0291,1321,2521,3711,408
Accumulated other comprehensive loss(25)(33)(31)(61)(25)(49)(40)
Retained earnings6266016513922577417
Total stockholders' equity:1,5131,6161,6501,4641,4851,3971,386
TOTAL LIABILITIES AND EQUITY:7,4176,7986,5817,2066,9846,5585,792

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,2522,1882,7823,7703,4583,1502,640
Revenue, net3,4583,1502,640
Cost of revenue(1,339)(1,328)(1,663)(2,252)(2,085)(1,907)(1,569)
Cost of goods and services sold(1,300)(1,285)(1,617)    
Gross profit:9138591,1191,5181,3731,2431,071
Operating expenses(703)(723)(805)(894)(807)(744)(644)
Operating income:211136314624566499427
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
18(2)84215
Interest and debt expense(127)(129)(192)(192)(192)(144)(91)
Other undisclosed income from continuing operations before equity method investments, income taxes    22  
Income from continuing operations before income taxes:1025130436398355341
Income tax expense(35)(5)(38)(108)(36)(133)(126)
Income from continuing operations:67192328362222215
Income from discontinued operations  96    
Net income attributable to parent:671189328362222215
Preferred stock dividends and other adjustments(41)(22)     
Undistributed earnings (loss) allocated to participating securities, basic(6)    
Net income (loss) available to common stockholders, diluted:20(21)189328362222215

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:671189328362222215
Other comprehensive income (loss)8(2)     
Comprehensive income (loss):75(1)189328362222215
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  20(36)24(9)(39)
Comprehensive income (loss), net of tax, attributable to parent:75(1)208292386213176

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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