Kar auction services, inc. (KAR)
Income statement / Quarterly
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'11Mar'11Sep'10Jun'10
Operating revenues
Auction fees and services revenue

491,500

-

-

-

541,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchased vehicle sales

75,500

-

-

-

57,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance-related revenue

78,500

88,000

88,300

86,700

89,900

85,300

85,400

85,100

85,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,600

32,600

ADESA Auction Services

-

-

613,600

632,400

-

-

527,000

538,300

528,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267,400

280,100

IAA Salvage Services

-

-

-

-

-

-

-

-

337,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142,300

157,300

Total operating revenues

645,500

671,300

701,900

719,100

689,600

929,000

612,400

623,400

950,500

890,400

843,000

858,000

866,600

813,700

789,600

788,500

758,300

695,700

678,400

671,500

645,000

606,000

589,100

585,600

583,800

540,600

533,700

541,400

557,600

493,700

474,900

487,900

506,900

479,800

449,100

472,700

484,700

445,300

470,000

Operating expenses
Cost of services (exclusive of depreciation and amortization)

394,600

394,900

410,900

417,400

393,900

543,200

330,700

330,200

535,000

525,100

479,200

481,700

501,200

488,300

459,500

447,600

432,000

414,300

389,800

379,700

364,700

344,200

328,000

322,100

324,500

305,700

296,200

298,900

331,400

290,400

264,100

263,200

269,400

269,000

247,300

254,400

264,500

241,600

251,700

Selling, general and administrative

162,400

164,700

158,900

163,200

175,200

176,600

154,700

149,900

187,400

172,500

155,700

154,600

157,400

148,800

146,300

146,900

141,100

128,500

128,500

123,500

121,500

113,800

116,500

114,300

126,800

156,700

120,300

112,200

100,800

99,200

102,300

103,500

114,100

106,900

80,400

99,400

102,700

90,400

90,800

Depreciation and amortization

47,700

50,100

46,400

47,900

44,300

67,100

41,400

42,100

70,300

69,400

66,200

64,500

64,500

64,700

60,500

59,000

56,400

56,000

54,100

51,800

50,900

51,300

48,900

48,300

48,100

48,500

49,600

49,000

47,300

46,800

46,800

48,000

48,600

48,300

43,800

43,600

44,100

42,200

41,800

Total operating expenses

604,700

609,700

616,200

628,500

613,400

786,900

526,800

522,200

792,700

767,000

701,100

700,800

723,100

701,800

666,300

653,500

629,500

598,800

572,400

555,000

537,100

509,300

493,400

484,700

499,400

510,900

466,100

460,100

479,500

436,400

413,200

414,700

432,100

424,200

371,500

397,400

411,300

374,200

384,300

Operating profit

40,800

61,600

85,700

90,600

76,200

142,100

85,600

101,200

157,800

123,400

141,900

157,200

143,500

111,900

123,300

135,000

128,800

96,900

106,000

116,500

107,900

96,700

95,700

100,900

84,400

29,700

67,600

81,300

78,100

57,300

61,700

73,200

74,800

55,600

77,600

75,300

73,400

71,100

85,700

Interest expense

38,000

39,500

37,900

55,600

56,500

52,800

49,000

48,400

41,500

42,100

41,500

40,100

40,300

38,000

36,300

35,800

28,700

24,200

24,400

21,800

21,000

20,900

20,300

20,900

24,100

25,400

26,000

24,500

28,800

29,600

29,900

29,600

30,300

30,800

29,400

49,700

33,200

35,500

35,900

Other income, net

2,000

2,500

2,000

1,100

2,100

-1,000

3,000

500

100

200

100

1,500

100

-300

-800

300

1,300

2,500

300

-400

2,200

1,900

500

900

500

100

800

1,100

600

2,400

1,200

500

-100

-1,300

-1,300

6,700

600

1,100

-1,300

Loss on extinguishment of debt

-

0

-2,200

-

-

-

0

-

-

0

0

-27,500

0

-1,400

0

0

-4,000

-

-

-

-

0

0

0

-30,300

0

0

-1,600

-3,800

-

-

-

-

-

-

-53,500

-

0

0

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain

-

-

-

-

-

-

-

-

-

21,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations before income taxes

4,800

24,600

47,600

36,100

21,800

88,300

39,600

53,300

116,400

103,100

100,500

91,100

103,300

72,200

86,200

99,500

97,400

75,200

81,900

94,300

89,100

77,700

75,900

80,900

30,500

4,400

42,400

56,300

46,100

30,100

33,000

44,100

44,400

23,500

46,900

-21,200

40,800

36,700

48,500

Income taxes

2,000

9,300

13,200

8,700

6,500

21,000

8,700

15,900

26,400

-69,700

37,700

33,900

34,100

26,700

31,800

37,700

36,700

26,900

29,600

34,800

34,600

27,400

28,400

30,100

9,800

22,000

19,600

22,900

17,000

7,200

13,800

20,200

18,400

9,000

14,700

-6,900

1,000

11,100

19,900

Income from continuing operations

2,800

15,300

34,400

27,400

15,300

-

30,900

37,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

0

4,500

900

28,200

62,500

-

46,600

55,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

2,800

19,800

35,300

55,600

77,800

67,300

77,500

93,200

90,000

172,800

62,800

57,200

69,200

45,500

54,400

61,800

60,700

48,300

52,300

59,500

54,500

50,300

47,500

50,800

20,700

-17,600

22,800

33,400

29,100

22,900

19,200

23,900

26,000

14,500

32,200

-14,300

39,800

25,600

28,600

Net income per share - basic
Income from continuing operations

0.02

0.12

0.26

0.21

0.11

-

0.23

0.28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations

0.00

0.04

0.01

0.21

0.47

-

0.35

0.41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

0.02

0.16

0.27

0.42

0.58

0.50

0.58

0.69

0.67

1.28

0.46

0.42

0.51

0.33

0.39

0.45

0.44

0.35

0.37

0.42

0.39

0.36

0.34

0.36

0.15

-0.13

0.16

0.24

0.21

0.17

0.14

0.18

0.19

0.11

0.24

-0.11

0.29

0.19

-

Net income per share - diluted
Income from continuing operations

0.02

0.12

0.26

0.20

0.11

-

0.23

0.28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations

0.00

0.03

0.01

0.21

0.47

-

0.34

0.41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

0.02

0.16

0.27

0.41

0.58

0.50

0.57

0.69

0.66

1.27

0.46

0.41

0.50

0.33

0.39

0.44

0.44

0.35

0.37

0.41

0.38

0.35

0.33

0.36

0.15

-0.13

0.16

0.24

0.21

0.16

0.14

0.17

0.19

0.11

0.23

-0.11

0.29

0.19

-

Dividends declared per common share

0.19

0.19

0.19

0.35

0.35

0.35

0.35

0.35

0.35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21