Lkq corporation (LKQ)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

545,034

483,168

530,228

463,975

423,223

381,519

311,623

261,225

210,264

169,071

127,521

99,899

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

314,406

294,077

230,203

206,086

128,192

125,437

86,463

70,165

54,505

41,428

38,062

33,421

Impairment of equity method investments

41,057

70,895

0

0

-

-

-

-

-

-

-

-

Loss on sale of business

-

-

-

0

0

-

-

-

-

-

3,924

-

Impairment of goodwill

-

-

-

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

27,695

22,760

22,832

22,472

21,336

22,021

22,036

15,634

13,107

9,974

7,283

5,498

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

2,457

2,409

Impairment of net assets held for sale and goodwill

47,102

33,244

0

26,677

-

-

-

-

-

-

3,539

-

Excess tax benefit from stock-based payments

-

-

-

-

-

-

18,348

15,737

7,973

15,000

9,628

12,547

Loss on debt extinguishment

-

-

-

-26,650

0

-324

-

-

-

-

-

-

Gains on foreign exchange contracts - acquisition related

-

-

-

18,342

0

0

-

-

-

-

-

-

Gains on bargain purchases

-

-

-

8,207

0

0

-

-

-

-

-4,339

0

Deferred income taxes

7,109

-2,180

-46,537

-16,162

22,388

6,242

4,279

4,222

9,302

8,963

5,882

13,535

Other

16,311

-8,466

-8,683

-19,550

-

-

-9,630

-4,515

-6,556

47

-678

943

Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Receivables, net

-26,419

-241

55,979

50,801

-

-

44,670

12,813

18,074

12,309

384

15,026

Inventories

-15,460

127,153

203,857

64,114

-

-

69,222

95,042

90,091

67,795

20,428

-4,232

Prepaid expenses and other assets

-

-

-

-

-

-

-

18,952

5,094

5,240

5,358

-1,241

Prepaid income taxes/income taxes payable

25,776

-2,125

8,376

14,944

-

-

49,993

-774

2,251

7,492

24,111

-8,960

Accounts payable

3,712

-77,621

45,136

18,577

-

-

49,641

-15,097

28,589

10,156

-18,067

-4,785

Other operating assets and liabilities

-26,574

-6,967

20,185

6,291

-

-

-26,631

-

-

-

-

-1,469

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

2,208

-3,303

8,056

9,107

-6,175

Deferred revenue

-

-

-

-

-

-

-

-

-

-

1,386

-113

Other noncurrent liabilities

-

-

-

-

-

-

-

6,636

11,733

4,434

6,104

-

Net cash provided by operating activities

1,064,033

710,739

518,900

635,014

544,282

388,711

428,056

206,190

211,772

159,183

164,002

132,961

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment

265,730

250,027

179,090

207,074

170,490

140,950

90,186

88,255

86,416

61,438

55,870

66,908

Proceeds from disposals of property, plant and equipment

16,045

27,659

8,707

3,510

-

-

-

-

1,743

1,441

1,070

2,206

Proceeds from sale of businesses, net of cash sold

-

-

-

-

-

-

-

-

-

11,992

17,477

-

Acquisitions, net of cash acquired

27,296

1,214,995

513,088

1,349,339

160,517

775,921

408,384

265,336

486,934

143,578

65,171

74,208

Proceeds from disposal of businesses, net of cash sold

18,469

0

301,297

10,304

-

-

-

-

-

-

-

-

Investments in unconsolidated subsidiaries

7,594

60,300

7,664

185,671

-

-

-

-

0

-

-

-

Proceeds from foreign exchange contracts

-

-

-

18,342

-

-

-

-

-

-

-

-

Receipts of deferred purchase price on receivables under factoring arrangements

0

36,991

0

0

-

-

-

-

-

-

-

-

Other investing activities, net

-1,253

-1,733

-5,243

0

-1,014

4,123

7,036

-1,057

-

-

-

-

Net cash used in investing activities

-264,853

-1,458,939

-384,595

-1,709,928

-329,993

-920,994

-505,606

-352,534

-571,607

-191,583

-102,494

-138,910

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options

-

-

-

7,963

8,168

9,324

15,392

17,693

11,919

13,962

8,247

10,402

Excess tax benefit from stock-based payments

-

-

-

-

-

-

18,348

15,737

7,973

15,000

9,628

12,547

Taxes paid related to net share settlements of stock-based compensation awards

-

-

-

4,438

7,581

443

0

-

-

-

-

-

Debt issuance costs

0

21,128

4,267

16,554

97

3,750

16,940

253

11,048

419

310

219

Proceeds from issuance of Euro Notes (2024)

-

-

-

563,450

-

-

600,000

0

0

-

-

-

Repayment of U.S. Notes (2023)

0

1,232,100

0

0

-

-

-

-

-

-

-

-

Borrowings under revolving credit facilities

605,708

1,667,325

839,171

2,636,596

313,142

1,587,644

437,023

742,381

1,111,369

0

2,309

5,271

Repayments under revolving credit facilities

734,471

1,528,970

946,477

1,748,664

445,282

1,098,518

748,086

855,402

453,867

0

9,045

-

Borrowings under term loans

-

-

-

582,115

-

11,250

35,000

200,000

250,000

0

-

-

Repayments under term loans

8,750

354,800

27,884

255,792

22,500

16,875

16,875

20,000

600,464

7,476

42,291

9,957

Borrowings under receivables securitization facility

36,600

10,120

11,245

106,400

3,858

95,050

41,500

82,700

0

0

-

-

Repayments under receivables securitization facility

146,600

120

11,245

69,400

35,758

150

121,500

2,700

0

0

-

-

Repayments Of Notes Payable Issued From Acquisitions

19,123

54,888

0

0

-

-

-

-

-

-

-

-

Repayments of other debt, net

-

-

-

-31,156

-

-

-

-

-

-

-

-

Repayments of other debt, net

-33,922

-11,730

19,706

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

291,813

60,000

0

0

-

-

-

-

-

-

-

-

Borrowings of Other Long-term Debt

-

-

-

-

29,696

40,051

45,062

18,791

4,471

-

1,703

-

Repayment of Rhiag debt and related payments

-

-

-

543,347

-

-

-

-

-

-

-

-

Payments of other obligations

-

-

-

-

22,791

41,992

32,859

4,293

0

2,105

-

-

Other financing activities, net

-8,298

5,086

7,184

-1,436

-

-300

0

0

-

-

-

-

Repayments of other long-term debt obligations

-

-

-

-

-

-

-

-

-

-

-

6,251

Net cash used in financing activities

-600,669

882,995

-112,567

1,225,737

-238,537

501,189

165,941

157,072

311,411

18,962

-33,165

11,793

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-904

-77,311

23,512

-3,704

-2,960

-4,789

2,327

795

982

221

1,496

-1,018

Net decrease in cash, cash equivalents and restricted cash

197,607

57,484

45,250

147,119

-27,208

-35,883

90,718

11,523

-47,442

-13,217

29,839

4,826

Supplemental disclosure of cash paid for:
Purchase price payable including notes issued in connection with business acquisitions

-

-

-

-

-

-

-

-

-

-

-

2,065

Income taxes, net of refunds

181,306

200,098

273,019

230,036

-

-

110,862

146,478

113,433

88,294

49,287

39,171

Interest

143,121

137,866

95,707

86,021

-

-

45,253

29,026

21,354

27,421

29,530

35,864

Supplemental disclosure of noncash investing and financing activities:
Other financing obligations, including debt assumed in connection with business acquisitions

-

-

-

568,032

-

-

-

-

-

-

-

-

Stock issued in acquisitions

0

251,334

0

0

-

-

-

-

-

14,945

-

60,041

Property and equipment acquired under capital leases

-

-

-

-

-

-

-

-

-

0

-3,404

-

Noncash property, plant and equipment additions

10,154

16,518

18,122

10,715

-

-

6,615

21,031

3,981

1,425

-87

1,076

Notes payable and other financing obligations, including notes issued, debt assumed and settlement of pre-existing balances in connection with business acquisitions

47,887

105,566

59,045

-

28,348

-

8,360

21,626

56,429

11,889

2,324

-

Notes receivable acquired in connection with disposal of business

0

0

4,000

0

-

-

-

-

-

-

-

-

Notes issued in connection with purchase of noncontrolling interest

14,196

0

0

-

-

-

-

-

-

-

-

-

Contingent consideration liabilities

6,627

3,107

6,234

0

-

-

3,854

5,456

81,239

2,000

-

-