LKQ Corporation (LKQ) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  33228022787115
Cash and cash equivalents  33228022787115
Receivables1,0731,1311,1541,027861590601
Inventory, net of allowances, customer advances and progress billings2,4152,7732,8362,3811,9351,5571,434
Inventory2,4152,7732,8362,3811,9351,5571,434
Deferred costs    2214 
Derivative instruments and hedges, assets 30    
Disposal group, including discontinued operation    457  
Deferred tax assets    82
Other undisclosed current assets546781199134669386
Total current assets:4,0344,6884,5213,8223,5682,3412,317
Noncurrent Assets
Operating lease, right-of-use asset1,3531,309
Property, plant and equipment1,2491,2341,220913812697630
Long-term investments and receivables155139179208183 8
Long-term investments155139179208183 8
Intangible assets, net (including goodwill)5,4065,2575,3104,2803,6392,5342,534
Goodwill4,5924,4074,3813,5373,0552,3192,289
Intangible assets, net (excluding goodwill)814850929744584215246
Other noncurrent assets1641531631431027692
Deferred tax assets, net    0
Other undisclosed noncurrent assets      (8)
Total noncurrent assets:8,3278,0926,8725,5454,7363,3073,256
TOTAL ASSETS:12,36112,78011,3939,3678,3035,6485,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4791,4121,4031,151922627650
Accounts payable932943942789634416400
Accrued liabilities335290288219170124164
Employee-related liabilities2091791721431198786
Taxes payable3      
Debt12231    64
Derivative instruments and hedges, liabilities5910  13
Disposal group, including discontinued operation    145  
Customer refund liability10297105    
Self insurance reserve55545243403836
Deferred tax liabilities    5
Other liabilities1301226146383233
Other undisclosed current liabilities15126270836655(39)
Total current liabilities:1,9882,1791,6901,3231,211752751
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2431,169    1,801
Finance lease, liability4531
Operating lease, liability1,1981,138
Other undisclosed long-term debt and lease obligation      1,801
Liabilities, other than long-term debt843519823621411253304
Accounts payable and accrued liabilities28      
Deferred tax liabilities, net311252200127182
Deferred income tax liabilities291 
Liability, pension and other postretirement and postemployment benefits149130107    
Disposal group, including discontinued operation, liabilities    34  
Other liabilities375366364308174125119
Derivative instruments and hedges, liabilities 2341613 3
Other undisclosed noncurrent liabilities2,5913,8404,0413,216   
Total noncurrent liabilities:4,6775,5294,8643,8374112532,105
Total liabilities:6,6657,7076,5555,1601,6211,0042,855
Temporary equity, carrying amount2424     
Stockholders' equity
Stockholders' equity attributable to parent5,6565,0094,7824,1983,4433,1152,721
Common stock3333333
Treasury stock, value(469)(352)(60)    
Additional paid in capital1,4451,4181,4151,1411,1171,0911,055
Accumulated other comprehensive loss(99)(201)(175)(70)(267)(105)(40)
Retained earnings4,7764,1403,5993,1242,5902,1261,703
Stockholders' equity attributable to noncontrolling interest1640568   
Total stockholders' equity:5,6715,0494,8394,2073,4433,1152,721
Other undisclosed liabilities and equity    3,2391,529(3)
TOTAL LIABILITIES AND EQUITY:12,36112,78011,3939,3678,3035,6485,573

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues11,62912,50611,8779,7378,5847,1936,740
Revenue, net11,8779,7378,5847,1936,740
Cost of revenue
(Cost of Goods and Services Sold)
(7,036)(7,654)(7,302)(5,937)(5,232)(4,359)(4,088)
Gross profit:4,5934,8524,5753,8003,3522,8342,652
Operating expenses(3,538)(3,918)(3,660)(1,351)(1,178)(950)(884)
Other undisclosed operating loss(69)(37)(32)(1,602)(1,410)(1,178)(1,118)
Operating income:986897882847763705650
Nonoperating expense(101)(106)(139)(81)(86)(56)(62)
Foreign currency transaction gain, before tax    18  
Other nonoperating income1633618231
Interest and debt expense(13)(139)(146)(102)(88)(58)(65)
Other undisclosed income from continuing operations before equity method investments, income taxes13139146102885865
Income from continuing operations before equity method investments, income taxes:885791743767677649588
Income (loss) from equity method investments5(32)(64)6(1)(6)(2)
Income from continuing operations before income taxes:890759679773677643586
Income tax expense(249)(215)(191)(236)(221)(220)(204)
Income before gain (loss) on sale of properties:641543488537456423382
Other undisclosed net income (loss)(0)2(4)(7)   
Net income:640545483530456423382
Net income (loss) attributable to noncontrolling interest  (3)4   
Other undisclosed net income (loss) attributable to parent(2)(4)  8  
Net income available to common stockholders, diluted:638541480534464423382

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:640545483530456423382
Other comprehensive income (loss)102(26)(110)197(162)(65)(60)
Comprehensive income:742519373727294358321
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (3)4   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2)(4)  8  
Comprehensive income, net of tax, attributable to parent:740515370730302358321

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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