Copart, inc. (CPRT)
CashFlow / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09
Net income (Loss), Including Portion Attributable to Noncontrolling Interest

733,124

695,790

591,693

547,938

482,602

454,530

418,007

378,635

341,776

304,541

394,261

408,014

392,092

385,030

270,360

243,650

226,589

219,778

219,783

213,414

196,728

189,880

178,687

168,948

181,307

175,602

180,025

183,617

185,852

186,815

182,119

177,744

172,408

169,701

166,375

162,087

156,341

154,180

151,627

0

0

0

Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, including debt cost

90,944

87,060

85,334

92,071

87,533

85,006

79,040

64,168

61,289

58,633

57,441

57,694

56,495

52,901

49,643

47,214

46,820

46,488

48,893

50,956

51,513

53,189

53,726

54,829

56,857

58,393

56,728

54,099

51,371

48,979

48,167

47,647

46,852

45,999

45,694

45,514

45,253

44,350

43,242

0

0

0

Allowance for doubtful accounts

776

-175

-429

387

225

723

1,142

1,825

1,174

712

187

-594

-69

165

1,175

1,102

934

341

-578

-302

-39

850

1,087

346

344

-6

-356

296

91

365

-192

26

-109

-246

270

0

418

225

442

0

0

0

Equity in losses (earnings) of unconsolidated affiliates

-4,057

-1,458

-419

1,781

15

-675

-750

-766

-514

-213

-671

-711

-820

-1,086

-895

-768

-483

-158

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Stock-based compensation

23,169

22,957

23,445

23,582

23,873

23,936

23,221

22,466

21,533

21,061

20,840

20,643

20,669

20,535

20,864

20,698

20,084

19,202

18,154

18,127

20,330

21,598

22,099

22,148

20,276

19,250

19,557

20,120

20,683

21,920

21,791

21,156

20,919

19,416

19,007

18,848

18,188

18,306

17,955

0

0

0

Excess tax benefit from stock-based payment compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,971

2,349

1,652

2,592

2,289

13,480

12,561

8,077

6,097

-7,835

-8,556

-6,087

-4,367

-3,318

-5,694

-3,859

-3,547

-11,534

-7,049

-7,962

-5,643

0

0

0

Gain on sale of property and equipment

498

3,243

3,073

4,557

5,289

1,322

-3,240

-4,353

-4,902

-4,606

-184

-9

27

-44

54

371

567

717

918

500

175

1,048

1,461

3,580

2,888

1,840

962

233

637

-59

-143

-1,492

3,175

2,867

1,882

0

0

0

-

-

-

0

Deferred income taxes

23,254

28,894

23,167

31,317

20,683

13,070

16,717

-1,907

-899

572

19,901

27,856

29,312

28,698

5,740

399

6,576

4,790

4,365

5,412

-7,173

-9,123

-10,838

-12,842

-2,601

-2,837

-3,605

-9,246

-15,497

-17,785

-17,579

-10,649

-7,733

-5,276

-2,099

-369

-2,940

-2,854

-4,512

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

53,193

56,946

60,808

66,894

40,313

13,701

40,335

46,235

49,900

64,974

38,542

40,287

60,319

66,775

54,213

48,248

48,192

28,323

20,417

25,472

14,850

17,168

12,870

64,746

128,414

45,473

31,171

-34,016

-44,770

-12,456

-16,004

-11,822

-70,280

-33,635

-12,506

4,546

20,651

9,841

2,436

0

0

0

Vehicle pooling costs

10,121

15,463

16,418

16,789

17,023

7,098

3,353

216

2,486

5,548

1,915

2,425

4,975

5,331

4,137

5,267

3,905

3,457

891

2,629

2,704

2,095

3,613

7,432

10,985

4,348

3,626

-2,345

-3,451

1,037

1,142

557

23,279

22,554

13,201

14,526

-13,085

-9,626

-1,210

0

0

0

Inventories

-9,686

-259

4,719

2,980

13,074

7,263

3,959

6,433

2,264

-178

-1,294

-1,638

166

846

2,509

3,602

1,815

1,689

1,731

-1,324

-1,470

-1,700

-4,012

2,445

2,996

-993

1,777

-2,775

-3,251

-654

-218

-1,297

-2,985

-480

-2,666

-1,011

1,144

-724

-256

0

0

0

Prepaid expenses and other current and non-current assets

-7,705

-3,261

204

1,841

64

100

776

51

571

-306

-1,760

-409

-372

-1,769

738

1,118

1,894

1,679

-69

-519

-1,513

168

4,500

12,387

13,766

10,305

5,971

-4,285

-3,436

1,892

6,026

12,055

5,561

11,103

4,785

-20,283

-7,593

-12,728

-8,896

0

0

0

Operating Lease, Payments, Use

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-70

-1,857

2,434

1,133

-1,085

227

-2,915

-4,998

-4,164

-5,747

-5,205

-6,503

-10,125

-10,817

-9,070

-8,713

8,900

36,992

38,330

39,780

18,714

-8,672

-9,212

-3,825

-1,951

-734

1,091

-3,486

739

2,531

559

622

311

0

0

0

Accounts payable and accrued liabilities

28,650

48,324

11,126

43,086

21,739

10,496

53,320

31,110

47,787

41,310

4,269

44,463

40,046

33,442

48,347

-944

3,949

-3,770

-3,926

-7,802

-6,472

-1,137

5,425

8,052

4,628

13,124

14,749

17,346

19,471

4,096

-3,805

-2,297

-6,206

5,109

5,255

-1,145

8,022

-2,374

8,098

0

0

0

Deferred revenue

234

152

2,056

2,143

618

-219

-520

-291

747

1,160

392

477

523

386

983

1,155

1,021

-90

-438

-532

-657

-360

-661

-570

-496

-1,351

-871

-961

-968

691

-243

177

-636

-1,085

-5,015

-4,638

-5,961

-6,697

-2,527

0

0

0

Income taxes receivable

68,223

48,241

4,215

17,537

-3,795

-98

8,916

-41,295

-79,675

-110,787

-12,343

39,884

75,758

109,957

12,649

-1,535

-2,484

-2,094

806

-2,947

470

-3,870

-9,267

-10,766

729

-9,948

752

7,470

-975

5,577

7,082

4,176

20,271

22,718

9,456

13,713

-7,996

-2,239

861

0

0

0

Income taxes payable

9,573

-1,808

10,669

-9,870

-5,624

-12,432

-3,149

11,073

3,098

20,512

-333

-8,451

825

-18,080

2,788

10,574

5,823

3,078

-1,971

-4,100

1,425

4,341

2,816

1,143

-1,815

-2,999

1,609

292

2,385

245

-2,545

-1,058

283

7,333

2,529

4,532

-274

-5,451

-2,740

0

0

0

Other liabilities

955

947

664

-1,378

-1,333

-654

-587

-352

-383

-1,176

-1,145

1,933

1,950

1,935

1,839

-1,547

-1,644

-1,596

-1,666

-1,501

-1,275

-1,309

1,503

1,869

2,256

2,738

560

2,387

2,041

1,279

1,622

-409

-294

134

-428

0

0

0

-

-

-

-

Net cash provided by operating activities

788,362

751,421

646,646

611,368

563,880

549,392

535,069

521,428

522,923

511,125

492,058

471,979

404,705

330,000

332,498

270,053

259,514

258,501

265,076

258,329

275,686

278,245

262,594

223,957

222,027

191,726

199,326

215,725

192,415

240,801

229,673

239,233

239,957

229,581

242,932

226,074

209,926

199,254

199,407

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

637,508

443,340

373,883

367,551

313,732

308,762

287,910

227,163

190,671

175,453

172,178

154,794

188,566

191,959

173,917

173,907

117,457

75,932

79,153

67,272

69,201

83,596

81,510

79,317

96,351

103,947

130,265

140,571

125,639

95,178

54,832

42,192

42,710

62,667

70,170

72,835

78,328

67,105

75,840

0

0

0

Investment in escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of assets and liabilities in connection with acquisitions, net of cash acquired

-

-

-

-

-

-

8,787

159,599

160,689

160,689

160,812

0

0

0

-

-

-

-

-

-

-

-

14,300

67,540

67,007

83,866

84,022

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

2,512

17,834

18,361

20,985

21,101

5,216

6,425

3,579

3,191

2,594

765

731

752

509

662

1,136

1,292

1,392

1,521

1,306

1,292

2,468

2,849

3,209

4,169

3,897

3,077

1,977

1,497

1,119

1,268

1,789

1,147

17,080

20,602

19,841

20,982

5,576

2,477

0

0

0

Proceeds from sale of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

217

217

581

1,075

858

858

2,822

2,328

3,189

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

3,566

3,566

1,050

1,050

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,119

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-635,741

-426,251

-356,267

-345,515

-299,745

-310,660

-288,476

-383,183

-350,685

-336,064

-335,791

-167,629

-167,466

-171,102

-172,876

-176,892

-141,684

-100,059

-81,915

-65,288

-67,400

-94,060

-92,103

-142,790

-156,367

-170,421

-208,021

-160,991

-148,867

-99,337

-48,087

-40,913

-76,639

-80,499

-84,480

-88,872

-58,657

-84,191

-96,025

0

0

0

Cash flows from financing activities:
Proceeds from the exercise of stock options

61,774

45,791

34,400

37,945

33,117

36,476

44,500

24,845

27,422

26,476

31,200

38,422

32,677

26,849

13,240

5,251

2,275

2,071

3,634

8,104

8,165

12,261

10,412

7,543

9,634

17,376

21,442

23,903

23,674

16,440

13,651

10,531

10,556

7,767

7,082

8,069

6,667

5,933

6,285

0

0

0

Excess tax benefit from stock-based payment compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,971

2,349

1,652

2,592

2,289

1,152

1,975

4,233

6,097

7,835

8,556

6,087

4,367

3,318

3,608

3,639

3,547

5,602

4,237

3,324

5,643

0

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

233,484

2,229

1,613

1,613

572

577

577

1,204

15,009

80,142

82,402

173,187

203,285

273,851

336,036

707,911

739,638

612,604

548,159

84,884

12,706

0

0

0

Payments for employee stock-based tax withholdings

148,283

148,240

46,888

46,706

1,139

1,114

1,115

798

798

821

135,433

149,677

149,677

149,654

15,039

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in bank overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16,291

0

17,034

0

16,291

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of long-term debt, net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125,000

0

0

0

-

-

-

-

-

-

-

-

Proceeds from (Repayments of) Lines of Credit

-

-

-

-

-

-

-231,000

-165,000

-199,300

-159,900

-7,000

165,000

310,000

341,900

238,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

313

0

0

0

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

337,500

56,250

75,000

350,000

350,000

350,000

350,000

75,000

75,000

96,655

96,655

96,655

96,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-158,574

-460,265

-370,304

-360,348

-344,009

-141,061

-182,038

-135,935

-167,658

-129,987

-106,975

-243,632

-196,929

-446,852

-448,496

-631,204

-560,249

119,559

120,362

358,927

341,873

-59,421

-76,823

-86,425

-66,477

-74,302

-65,891

-121,520

-123,288

-223,708

-114,873

-183,416

-239,036

-196,884

-354,075

-211,422

-137,244

-73,583

1,266

0

0

0

Effect of foreign currency translation

-8,710

-4,112

-8,276

-6,954

-7,252

-1,608

-135

12,344

15,768

10,751

4,959

-8,750

-6,774

-16,541

-11,289

-3,046

-6,531

-3,569

-6,179

-6,058

-5,992

-3,332

1,369

-1,241

-2,494

-1,381

-1,895

-1,017

1,610

997

-610

82

-596

9

1,444

2,116

639

711

849

0

0

0

Net decrease in cash and cash equivalents

-14,663

-139,207

-88,201

-101,449

-87,126

96,063

64,420

14,654

20,348

55,825

54,251

51,968

33,536

-304,495

-300,163

-541,089

-448,950

274,432

297,344

545,910

544,167

121,432

95,037

-6,499

-3,311

-54,378

-76,481

-67,803

-78,130

-81,247

66,103

14,986

-76,314

-47,793

-194,179

-72,104

14,664

42,191

105,497

0

0

0

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities

19,278

19,270

19,289

19,637

18,351

19,372

20,343

20,946

22,421

23,289

23,221

24,291

24,122

23,311

23,606

25,412

25,627

21,934

18,121

11,874

8,061

8,392

8,768

9,108

9,542

9,969

10,267

10,864

11,332

11,906

11,333

10,328

9,035

5,890

3,894

1,808

133

89

216

0

0

0

Income taxes paid, net of refunds

100,712

83,860

82,448

100,325

117,384

144,047

142,161

107,321

73,499

15,501

14,011

51,190

77,184

129,366

127,981

114,173

100,906

101,187

109,925

99,039

99,354

91,295

82,813

92,772

87,199

91,781

95,182

98,960

112,436

108,532

106,581

103,505

96,347

88,021

85,145

83,783

87,058

92,504

93,989

0

0

0