Lkq corporation (LKQ)
CashFlow / 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'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

145,979

141,273

152,593

152,105

99,063

38,059

134,480

157,866

152,763

120,655

122,381

150,914

136,278

86,331

122,688

142,785

112,171

95,060

101,346

119,722

107,095

80,469

91,515

104,882

104,653

77,864

73,445

75,722

84,592

62,188

54,048

63,998

80,991

56,145

49,231

46,706

58,182

41,328

35,901

37,906

53,936

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

71,379

84,167

77,878

76,154

76,207

83,100

81,473

68,438

61,066

63,695

59,902

56,002

50,604

63,916

55,036

53,968

33,166

33,504

32,974

31,045

30,669

34,790

31,754

31,047

27,846

24,595

22,157

20,671

19,040

18,591

18,128

17,189

16,257

16,197

13,511

12,871

11,926

11,039

10,378

10,031

9,980

Impairment of equity method investments

0

1,506

0

0

39,551

48,180

22,715

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain On Disposal Of Business) And Impairment Of Net Assets Held for Sale

-249

-

-

-

15,023

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of business

-

-

-

-

-

-

-

-

-

-

0

0

-8,580

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,744

Stock-based compensation expense

8,000

6,695

7,000

8,000

6,000

4,760

6,000

6,018

5,982

5,250

5,139

5,158

7,285

5,489

5,592

5,475

5,916

5,045

5,177

5,568

5,546

5,054

5,184

5,537

6,246

5,744

5,730

5,613

4,949

3,658

3,998

3,968

4,010

3,079

3,426

3,260

3,342

2,261

2,601

2,588

2,524

Impairment of net assets held for sale and goodwill

-

-

-

-

-

33,244

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,536

5,201

-

4,708

2,934

6,813

2,350

5,096

7,900

3,002

4,666

3,852

4,658

2,561

2,347

1,573

1,593

2,460

5,625

3,422

2,453

3,500

Loss on debt extinguishment

-12,751

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

-26,650

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,345

-

-

-

-

Gains on foreign exchange contracts - acquisition related

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,342

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,515

418

Other

2,721

2,991

9,804

3,206

310

-15,653

11,543

-7,490

3,134

-20,665

7,242

6,083

-1,343

-

-

-

-

-

-700

-2,582

-3,298

-

-1,795

-1,100

-545

-2,206

-1,298

-4,410

-1,716

-554

-2,592

-2,071

702

-6,230

-830

1,708

-1,204

50

1,373

-2,161

785

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

63,938

-128,800

-46,671

-55,977

205,029

-71,038

-41,381

-18,342

130,520

-19,465

-22,918

-10,531

108,893

-

-

-

-

-

-42,691

-13,334

62,329

-

-2,099

22,164

49,615

9,383

-15,033

2,347

47,973

419

-10,268

-32

22,694

26

-6,721

5,730

19,039

10,876

-51

-1,822

3,306

Inventories

7,522

132,777

-17,008

-59,418

-71,811

56,095

58,281

17,793

-5,016

106,273

77,206

19,633

745

-

-

-

-

-

16,054

5,424

-43,823

-

14,493

21,752

19,021

51,015

11,980

15,807

-9,580

47,373

16,906

43,763

-13,000

38,790

31,723

22,256

-2,678

23,977

19,146

20,499

4,173

Prepaid income taxes/income taxes payable

41,585

-14,935

14,744

-16,950

42,917

-9,387

1,172

-31,272

37,362

9,304

-5,346

-56,646

61,064

-

-

-

-

-

18,587

-27,663

48,715

-

11,205

-29,451

39,104

9,442

6,030

-7,317

41,838

-3,462

-11,040

-27,596

41,324

-10,100

-2,435

-18,983

33,769

-7,074

-3,657

48,499

-30,276

Accounts payable

-27,170

-87,167

-6,009

73,597

23,291

-5,624

-46,617

-49,304

23,924

2,961

-21,414

39,140

24,449

-

-

-

-

-

7,458

-29,830

11,233

-

21,982

-11,213

-9,336

48,000

-12,720

22,272

-7,911

-7,205

-11,694

6,359

-2,557

26,819

6,295

5,133

-9,658

-1,151

11,700

-6,056

5,663

Other operating assets and liabilities

-16,501

35,164

-30,109

-22,601

-9,028

31,632

-22,018

-23,877

7,296

10,948

11,986

-10,421

7,672

-

-

-

-

-

22,680

-5,244

-2,704

-

24,105

143

3,400

-

-

-

-

-

-15,518

6,743

16,913

-

-13,819

-6,065

7,974

-

-9,242

-2,764

1,794

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,542

7,740

3,604

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

194,563

98,862

326,767

461,179

177,225

189,572

192,498

183,506

145,163

69,657

87,146

189,804

172,293

110,863

162,236

227,071

134,844

39,287

222,296

102,554

180,145

66,069

170,438

55,195

97,009

87,127

131,439

103,057

106,433

24,118

61,060

10,857

110,155

52,590

58,102

23,765

77,315

14,620

43,372

13,126

88,065

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

44,538

100,179

64,283

48,252

53,016

78,264

56,342

53,232

62,189

43,553

43,992

47,147

44,398

54,328

50,427

51,926

50,393

70,917

32,810

40,667

26,096

40,759

32,860

33,615

33,716

29,060

20,975

18,690

21,461

27,619

19,021

20,286

21,329

25,122

18,754

24,447

18,093

24,456

16,135

9,945

10,902

Proceeds from disposals of property, plant and equipment

5,528

-

-

-

1,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

819

432

-

220

239

233

265

1,316

71

91

464

741

144

92

Proceeds from sale of businesses, net of cash sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11,992

Acquisitions, net of cash acquired

7,220

12,779

-250

9,982

4,785

8,928

70,097

1,133,004

2,966

260,421

151,939

23,672

77,056

48,212

32,286

665,106

603,735

3,160

120,149

36,344

864

125,307

15,282

148,596

486,736

12,410

87,395

295,315

13,264

132,213

12,808

95,385

24,930

306,422

84,921

52,074

43,517

73,297

56,539

9,996

3,746

Proceeds from disposal of businesses, net of cash sold

1,763

-

-

-

0

-

-

-

-

0

0

0

301,297

-

-

-

10,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,136

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from foreign exchange contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,342

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities, net

405

6,115

-8,103

-500

1,235

6,237

-5,796

-1,640

-534

4,621

-14,576

6,026

-1,314

537

472

-551

-458

2,160

-8,383

-2,107

7,316

5,057

-593

-1,176

835

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-44,872

-104,764

-43,319

-58,986

-57,784

-87,423

-122,299

-1,184,596

-64,621

-300,438

-197,893

-67,421

181,157

-285,238

-83,185

-716,481

-625,024

-76,237

-144,576

-74,904

-34,276

-171,123

-47,549

-181,035

-521,287

-40,829

-117,298

-313,186

-34,293

-159,467

-31,609

-115,432

-46,026

-331,279

-102,359

-76,450

-61,519

-97,289

-71,933

-19,797

-2,564

CASH FLOWS FROM FINANCING ACTIVITIES:
Early-redemption premium

-9,498

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

2,255

-

1,314

2,687

2,464

438

2,636

1,687

3,202

634

4,246

1,970

1,318

2,804

2,313

1,830

2,377

1,745

3,043

7,764

2,840

3,506

4,075

5,531

4,581

4,413

2,397

2,499

2,610

5,237

3,589

1,951

3,185

Excess tax benefit from stock-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,536

5,201

-

4,708

2,934

6,813

2,350

5,096

7,900

3,002

4,666

3,852

4,658

2,561

2,347

1,573

1,593

2,460

5,625

3,422

2,453

3,500

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

-

-

-

-

-

-

-

-

3,292

-

1,140

311

3,644

-2

2,159

0

2,281

158

2,180

0

5,243

443

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

150

233

10,264

5,907

97

0

0

0

-

-

-38

3,753

-

-

16,521

0

-

-

-

-

232

2,626

449

7,741

-

-

-

0

Repayment of U.S. Notes (2023)

-600,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facilities

460,186

215,433

77,395

28,239

284,641

641,829

411,838

411,989

201,669

414,195

262,182

117,555

45,239

674,894

139,682

678,803

1,143,217

30,721

82,800

114,591

85,030

287,823

139,360

460,338

700,123

37,265

46,350

271,256

82,152

242,294

168,745

180,410

150,932

584,616

125,000

60,000

341,753

-

-

-

-

Repayments under revolving credit facilities

134,674

120,713

142,319

159,100

312,339

418,935

343,438

445,072

321,525

175,593

185,430

196,141

389,313

509,430

226,872

666,753

345,609

11,442

139,564

139,203

155,073

290,479

133,607

284,432

390,000

2,773

37,253

591,978

116,082

107,551

263,000

74,000

410,851

304,539

75,000

30,000

44,328

-

-

-

-

Borrowings under term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

243,637

0

0

338,478

-

0

0

0

0

0

0

11,250

0

0

35,000

0

0

0

0

200,000

0

0

0

250,000

-

-

-

-

Repayments under term loans

4,375

2,187

2,188

2,187

2,188

240,000

105,990

4,405

4,405

0

9,294

9,295

9,295

-

-

-

-

5,625

5,625

5,625

5,625

5,625

5,625

5,625

0

5,625

5,625

0

5,625

5,625

5,625

5,625

3,125

3,125

3,125

3,125

591,089

0

0

0

7,476

Borrowings under receivables securitization facility

111,300

0

0

30,000

6,600

10,120

0

0

0

-

-

-

-

5,920

3,480

0

97,000

0

1,758

0

2,100

15,050

0

0

80,000

0

40,000

0

1,500

5,428

77,272

0

0

-

-

-

-

-

-

-

-

Repayments under receivables securitization facility

12,900

0

0

109,690

36,910

120

0

0

0

1,320

14,925

-5,150

150

2,900

20

3,480

63,000

26,800

7,200

1,758

0

-

-

-

-

10,000

110,000

0

1,500

2,700

0

0

0

-

-

-

-

-

-

-

-

Repayments of other debt, net

-

-

-

-

-

-

-

-

4,409

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of other debt, net

-49,481

-2,335

-23,220

-7,742

-625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

88,000

0

101,051

120,762

70,000

60,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings of Other Long-term Debt

-

-

-

-

-

-

-

-

-

-

-

-

-23,313

-

-

-

-

-

-

-

-

19,519

7,003

4,577

8,952

25,544

13,053

3,857

2,608

-

-

-

-

-

-

-

-

-

243

754

351

Borrowings (repayments) of other debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,753

-35,514

-6,576

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Rhiag debt and related payments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

543,347

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of other obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31

-1

1,437

20,300

441

506

1,544

58

0

39,928

2,006

768

0

499

31,592

3,693

-3,011

1,766

1,845

-1,680

964

64

652

-

-

-

-

Other financing activities, net

-7,291

-1,173

-7,235

1,558

-1,448

2,900

-1,009

-188

3,383

2,868

0

-684

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of foreign currency forward contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,320

9,639

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-334,739

89,025

-217,706

-339,257

-132,731

-96,319

-75,029

1,171,849

-117,506

234,496

76,013

-96,690

-326,386

137,255

-82,798

538,114

633,166

-11,920

-81,696

-64,509

-80,412

-22,221

16,939

120,258

386,213

-3,378

-71,833

309,065

-67,913

125,792

-20,181

109,208

-57,747

280,689

47,255

30,454

-46,987

9,686

6,768

3,650

-1,142

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

-11,746

8,798

-9,600

2,411

-2,513

-9,926

974

-71,236

2,877

974

6,267

13,237

3,034

-215

2,395

-4,721

-1,163

-819

-2,361

4,790

-4,570

-2,766

-4,746

1,900

823

231

3,439

-343

-1,000

113

591

-449

540

1,135

-142

-30

19

-6

-6

-38

271

Net decrease in cash, cash equivalents and restricted cash

-196,794

91,921

56,142

65,347

-15,803

-4,096

-3,856

99,523

-34,087

4,689

-28,467

38,930

30,098

-37,335

-1,352

43,983

141,823

-49,689

-6,337

-32,069

60,887

-130,041

135,082

-3,682

-37,242

43,151

-54,253

98,593

3,227

-9,444

9,861

4,184

6,922

3,135

2,856

-22,261

-31,172

-72,989

-21,799

-3,059

84,630

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,150

Income taxes, net of refunds

22,014

46,308

46,997

76,226

11,775

41,358

47,995

95,281

15,464

54,687

67,777

136,809

13,746

45,317

69,373

107,631

7,715

-

35,445

91,748

10,999

-

36,509

84,399

14,539

28,326

29,077

48,094

5,365

35,567

40,213

64,988

5,710

29,778

32,417

47,925

3,313

22,585

26,012

38,383

1,314

Interest

13,772

56,596

11,266

60,797

14,462

63,449

18,649

41,793

13,975

38,188

10,913

35,641

10,965

20,133

23,548

23,020

19,320

-

6,774

21,719

6,937

-

9,217

21,095

8,087

22,400

7,567

8,045

7,241

8,203

7,339

6,989

6,495

5,701

4,513

4,196

6,944

6,494

6,856

6,929

7,142

Supplemental disclosure of noncash investing and financing activities:
Leased assets obtained in exchange for new finance lease liabilities

7,718

-

-

-

5,245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

21,433

-

-

-

28,563

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing obligations, including debt assumed in connection with business acquisitions

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash property, plant and equipment additions

7,594

3,557

-7,630

5,173

9,054

5,508

4,006

2,805

4,199

13,204

733

1,249

2,936

9,098

-1,938

-1,914

5,469

-

454

1,973

2,414

-

675

-682

4,859

3,958

-750

-225

3,632

11,544

3,325

2,349

3,813

447

1,861

907

766

2,036

-472

-298

159

Notes payable and other financing obligations, including notes issued and debt assumed in connection with business acquisitions and disposals

6,136

-

-

-

8,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,620

4,258

551,077

-250

24,232

4,332

34

-

-252

39,675

48,308

-

-

-

4,997

13,354

336

7,141

795

44,489

7,565

-954

5,329

-

-

-

-

Notes receivable acquired in connection with disposal of business

7,994

-

-

-

0

-

-

-

-

-1,848

0

0

5,848

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration liabilities

2,933

1,250

0

5,377

0

0

3,073

0

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,203

2,740

4,317

0

1,204

261

2,389

-84

0

5,433

107

79,939

700

0

600

-

-

-

-

Continuing and Discontinued Operations
Business Acquisition Contingent Consideration And Liabilities At Fair Value

-

-

-

-

-

-

-

-

-

-

-

-

10,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-