Kar auction services, inc. (KAR)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Assets
Current assets
Cash and cash equivalents

293

507

508

233

265

277

455

369

330

317

432

530

188

201

323

314

676

155

125

204

178

152

214

285

251

191

196

168

322

108

163

117

125

97

203

200

119

Restricted cash

114

53

23

23

24

27

22

20

20

19

18

18

18

17

15

15

14

16

15

16

14

17

16

16

14

18

9

8

8

11

7

9

7

8

6

6

8

Trade receivables, net of allowances of $10.8 and $9.5

244

457

510

592

962

454

851

840

963

725

761

711

773

682

681

721

662

511

562

533

525

401

450

402

457

354

385

396

468

342

385

358

391

297

318

339

271

Finance receivables, net of allowances of $25.0 and $15.0

1,929

2,100

2,095

2,055

1,974

2,000

1,965

1,945

1,919

1,899

1,796

1,724

1,748

1,780

1,775

1,729

1,696

1,632

1,520

1,468

1,347

1,363

1,277

1,162

1,099

1,099

1,066

1,059

995

996

930

926

858

874

124

124

126

Finance receivables securitized, net of allowances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

656

635

Deferred income tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

41

41

41

36

36

36

36

35

35

35

35

37

37

37

37

39

39

40

Other current assets

131

125

120

143

233

100

176

185

176

175

165

152

159

158

138

131

129

131

120

117

110

99

87

91

94

91

91

88

85

86

62

66

56

58

48

46

52

Current assets, discontinued operations

-

-

0

0

-

453

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

2,712

3,244

3,257

3,048

3,460

3,314

3,471

3,361

3,411

3,137

3,174

3,136

2,887

2,841

2,934

2,911

3,179

2,446

2,384

2,381

2,217

2,074

2,082

1,994

1,954

1,791

1,782

1,756

1,914

1,581

1,587

1,514

1,476

1,373

1,410

1,412

1,254

Other assets
Goodwill

1,810

1,821

1,810

1,817

2,374

1,676

2,209

2,208

2,212

2,191

2,096

2,095

2,058

2,057

2,008

2,006

1,795

1,795

1,793

1,795

1,715

1,705

1,705

1,705

1,705

1,705

1,702

1,701

1,679

1,679

1,679

1,679

1,679

1,679

1,555

1,556

1,554

Customer relationships, net of accumulated amortization of $642.9 and $637.4

194

207

218

231

311

227

315

332

353

375

395

417

438

461

461

487

400

417

438

461

465

484

506

529

546

569

582

600

597

618

639

658

678

694

653

679

712

Other intangible assets, net of accumulated amortization of $301.7 and $292.4

295

298

295

287

366

272

353

348

344

350

325

325

317

320

317

319

309

310

306

307

299

306

305

305

304

307

304

306

306

305

298

297

300

305

274

275

269

Operating lease right-of-use assets

358

364

366

370

942

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net of accumulated depreciation of $544.0 and $534.3

594

609

603

595

828

631

912

904

909

908

870

841

837

842

827

808

770

766

747

750

728

727

715

716

693

703

699

692

695

700

688

684

684

686

676

681

680

Unamortized debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

24

15

16

17

19

20

37

41

44

38

24

23

25

26

28

30

31

41

Other assets

33

35

28

26

41

31

38

38

36

20

42

41

40

35

36

35

33

34

34

35

35

36

37

7

9

11

9

15

8

11

8

9

9

11

11

11

11

Non-current assets, discontinued operations

-

-

0

0

-

1,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other assets

3,286

3,336

2,718

2,733

4,035

3,261

2,917

2,928

2,945

2,938

2,861

2,879

2,855

2,873

2,824

2,848

2,539

2,558

2,595

2,623

2,530

2,548

2,572

2,568

2,587

2,631

2,640

2,668

2,630

2,640

2,649

2,669

2,694

2,719

2,525

2,554

2,589

Assets

5,999

6,581

6,579

6,377

8,324

7,206

7,300

7,194

7,266

6,984

6,905

6,856

6,580

6,557

6,586

6,568

6,490

5,771

5,726

5,755

5,476

5,351

5,370

5,278

5,235

5,127

5,122

5,117

5,239

4,922

4,926

4,868

4,854

4,779

4,611

4,649

4,525

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable

354

704

718

847

997

691

870

874

942

682

754

735

786

648

700

749

768

608

627

629

638

471

532

519

587

435

490

516

591

388

465

452

515

367

384

420

287

Accrued employee benefits and compensation expenses

56

72

83

68

86

72

115

91

77

104

94

82

72

100

93

80

63

90

78

65

58

77

75

66

53

63

61

54

41

63

54

52

43

57

50

46

57

Accrued interest

19

7

21

9

23

7

21

8

20

7

18

5

1

2

1

1

0

0

0

0

0

0

0

0

0

0

0

1

2

1

2

2

2

2

1

1

10

Other accrued expenses

186

216

211

226

302

132

183

164

167

171

155

147

147

149

145

147

129

128

124

120

111

114

106

102

99

93

98

99

72

75

75

67

69

71

75

90

88

Income taxes payable

0

1

1

1

2

0

3

2

1

5

5

4

2

5

3

2

0

5

12

8

6

5

6

2

0

2

0

0

0

0

20

13

5

0

8

13

2

Dividends payable

24

24

24

0

46

46

47

47

47

47

43

43

43

43

40

40

39

37

37

38

38

38

35

35

34

34

26

26

26

0

-

-

-

-

-

-

-

Obligations collateralized by finance receivables

1,349

1,461

1,428

1,422

1,360

1,445

1,366

1,358

1,354

1,358

1,259

1,224

1,241

1,280

1,275

1,231

1,202

1,189

1,122

1,094

850

865

858

800

757

772

742

752

674

713

633

634

586

610

542

536

520

Long-term Debt, Current Maturities

27

28

27

93

126

13

17

17

16

12

16

17

38

105

24

24

24

153

144

17

17

17

16

17

17

32

0

0

189

43

17

17

17

85

17

17

-

Current liabilities, discontinued operations

-

-

0

0

-

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

2,018

2,517

2,516

2,668

2,945

2,624

2,624

2,564

2,627

2,389

2,347

2,262

2,333

2,335

2,283

2,275

2,229

2,213

2,147

1,975

1,720

1,590

1,631

1,544

1,550

1,434

1,419

1,449

1,599

1,286

1,268

1,240

1,238

1,196

1,079

1,126

966

Non-current liabilities
Long-term debt

1,860

1,861

1,863

1,390

2,650

2,654

2,657

2,660

2,664

2,667

2,671

2,675

2,360

2,365

2,371

2,378

2,385

1,711

1,723

1,727

1,732

1,736

1,740

1,745

1,749

1,734

1,770

1,773

1,774

1,774

1,805

1,809

1,813

1,816

1,820

1,824

1,875

Deferred income tax liabilities

116

134

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities

-

-

130

130

193

125

189

192

194

192

296

294

288

291

289

294

297

300

322

328

332

333

325

333

334

354

343

335

319

318

306

311

319

323

318

311

326

Operating lease liabilities

353

358

361

365

919

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

79

59

73

70

112

71

267

264

259

249

188

162

167

168

163

160

153

159

156

150

141

143

137

133

116

121

105

99

100

98

101

99

100

98

80

71

111

Non-current liabilities, discontinued operations

-

-

0

0

-

266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-current liabilities

2,409

2,413

2,427

1,956

3,876

3,117

3,114

3,117

3,118

3,110

3,155

3,132

2,816

2,825

2,824

2,833

2,836

2,171

2,201

2,207

2,206

2,213

2,204

2,212

2,200

2,210

2,218

2,207

2,195

2,191

2,212

2,220

2,232

2,239

2,219

2,207

2,313

Commitments and contingencies (Note 8)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity
Preferred stock, $0.01 par value: Authorized shares: 100,000,000; Issued shares: none

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.01 par value: Authorized shares: 400,000,000; Issued and outstanding shares: March 31, 2020: 129,161,707, December 31, 2019: 128,833,452

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Additional paid-in capital

1,031

1,028

1,024

1,140

1,131

1,131

1,225

1,213

1,255

1,251

1,292

1,384

1,376

1,371

1,442

1,433

1,415

1,407

1,400

1,596

1,598

1,593

1,584

1,573

1,558

1,534

1,476

1,453

1,437

1,433

1,430

1,420

1,415

1,406

1,398

1,406

1,381

Retained earnings

624

651

655

644

422

392

371

341

295

257

131

111

98

74

74

59

38

17

6

-9

-30

-46

-58

-70

-86

-72

-19

-16

-23

-26

-23

-42

-66

-92

-107

-139

-164

Accumulated Other Comprehensive Income (Loss), Net of Tax

-85

-31

-45

-34

-53

-61

-37

-43

-32

-25

-22

-35

-45

-49

-40

-35

-31

-40

-31

-16

-19

-1

7

18

10

18

25

20

29

35

37

28

33

28

20

47

26

Stockholders' Equity Attributable to Parent

1,571

1,650

1,635

1,752

1,502

1,464

1,561

1,512

1,520

1,484

1,402

1,461

1,430

1,397

1,477

1,459

1,423

1,386

1,377

1,572

1,550

1,547

1,534

1,522

1,483

1,481

1,483

1,459

1,444

1,443

1,445

1,408

1,383

1,343

1,312

1,315

1,244

Total liabilities and stockholders' equity

5,999

6,581

6,579

6,377

8,324

7,206

7,300

7,194

7,266

6,984

6,905

6,856

6,580

6,557

6,586

6,568

6,490

5,771

5,726

5,755

5,476

5,351

5,370

5,278

5,235

5,127

5,122

5,117

5,239

4,922

4,926

4,868

4,854

4,779

4,611

4,649

4,525