LKQ CORP

Listed Company

LKQCIK 0001065696NasdaqLarge AcceleratedWholesale-Motor Vehicles & Motor Vehicle Parts & SuppliesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.65B

Net Income

$608.00M

Total Assets

$15.14B

Equity

$6.54B

Shares Out

254.79M

Op. Cash Flow

$1.06B

Business

LKQ CORP is a global distributor of vehicle products specializing in replacement parts, components and systems used in vehicle repair and maintenance and specialty aftermarket accessories. It offers aftermarket, OEM, recycled, refurbished and remanufactured collision and mechanical parts, paint and refinish products, remanufactured engines and transmissions, specialty vehicle equipment, and self-service recycled parts as well as related services like diagnostics and hybrid battery reconditioning. LKQ operates four reportable segments: Wholesale - North America, Europe, Specialty, and Self Service. It distributes through a broad network of warehouses, cross-docks, branch locations, e-commerce platforms, local delivery fleets and retail self-service yards across North America and approximately 20 European countries.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	13,651	13,823	13,269	12,794	13,089
Cost of goods sold	8,386	8,439	7,916	7,571	7,767
Gross margin	5,265	5,384	5,353	5,223	5,322
Selling, general and administrative expenses	3,813	3,758	3,697	3,544	3,568
Restructuring and transaction related expenses	42	135	65	20	20
Impairment of goodwill	52	0	0	—	—
Depreciation and amortization	365	346	267	237	260
Operating income	993	1,145	1,324	1,581	1,474
Interest expense	224	238	191	78	—
Interest income and other income, net	−31	−19	−41	−15	−21
Total other expense, net	193	219	101	63	75
Income from continuing operations before provision for income taxes	800	926	1,223	1,518	1,399
Effective tax rate	204	265	304	385	331
Equity in earnings of unconsolidated subsidiaries	1	8	15	11	23
Income from continuing operations	597	669	934	1,144	1,091
Net income from discontinued operations	11	24	4	6	1
Net income	608	693	938	1,150	1,092
Less: net income attributable to continuing noncontrolling interest	1	3	2	1	1
Net income attributable to LKQ stockholders	607	690	936	1,149	—
Income from continuing operations	2.32	2.54	3.49	4.13	3.68
Net income from discontinued operations	0.04	0.09	0.02	0.02	0
Net income (per share)	2.36	2.63	3.51	4.15	3.68
Less: net income attributable to continuing noncontrolling interest (per share)	0	0.01	0.01	0.01	0
Net income attributable to LKQ stockholders (per share)	2.36	2.62	3.5	4.15	3.68
Income from continuing operations	2.31	2.54	3.48	4.12	3.67
Net income from discontinued operations	0.04	0.09	0.02	0.02	0
Net income (per share)	2.35	2.63	3.5	4.14	3.67
Less: net income attributable to continuing noncontrolling interest (per share)	0	0.01	0.01	0.01	0
Net income attributable to LKQ stockholders (per share)	2.35	2.62	3.49	4.13	3.66

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	319	234	299	278	274
Receivables, net of allowance for credit losses	1,204	1,113	1,165	998	1,073
Inventories	3,426	3,183	3,121	2,752	2,611
Prepaid expenses and other current assets	299	328	283	230	296
Current assets of discontinued operations	0	48	—	—	—
Total current assets	5,248	4,906	4,868	4,258	4,254
Property, plant and equipment, net	1,452	1,409	1,516	1,236	1,299
Operating lease assets, net	1,332	1,256	1,336	1,227	1,361
Goodwill	5,414	5,174	5,325	4,319	4,540
Other intangibles, net	1,072	1,150	1,313	653	746
Equity method investments	170	169	159	141	181
Other noncurrent assets	449	376	287	204	225
Noncurrent assets of discontinued operations	0	515	—	—	—
Total assets	15,137	14,955	15,079	12,038	12,606
Accounts payable	2,108	1,797	1,648	1,339	1,176
Accrued payroll-related liabilities	190	207	260	218	261
Refund liability	122	125	132	109	107
Other accrued expenses	344	346	309	294	271
Current portion of operating lease liabilities	253	222	224	188	203
Current portion of long-term obligations	32	38	596	34	35
Other current liabilities	88	92	149	89	112
Current liabilities of discontinued operations	0	35	—	—	—
Total current liabilities	3,137	2,862	3,318	2,271	2,165
Long-term operating lease liabilities, excluding current portion	1,145	1,093	1,163	1,091	1,209
Long-term obligations, excluding current portion	3,631	4,124	3,655	2,622	2,777
Deferred income taxes	331	386	448	280	279
Other noncurrent liabilities	332	341	314	283	365
Noncurrent liabilities of discontinued operations	0	117	—	—	—
Common Stock, Par or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01
Common Stock, Shares Authorized	1,000	1,000	1,000	1,000	1,000
Common Stock, Shares, Issued	324	324	323	322	322
Common Stock, Shares, Outstanding	255	259	267	267	287
Common stock, $0.01 par value, 1,000.0 shares authorized, 324.0 shares issued and 255.0 shares outstanding at December 31, 2025; 323.6 shares issued and 259.1 shares outstanding at December 31, 2024	3	3	3	3	3
Additional paid-in capital	1,581	1,556	1,538	1,506	1,474
Retained earnings	7,958	7,662	7,290	6,656	5,794
Accumulated other comprehensive loss	−57	−417	−240	−323	−153
Treasury Stock, Common, Shares	69	65	56	55	35
Treasury stock, at cost; 69.0 shares at December 31, 2025 and 64.5 shares at December 31, 2024	−2,948	−2,787	−2,424	−2,389	−1,346
Total Company stockholders' equity	6,537	6,017	6,167	5,453	5,772
Noncontrolling interest	24	15	14	14	15
Total stockholders' equity	6,561	6,032	6,181	5,467	5,787
Total liabilities and stockholders' equity	15,137	14,955	15,079	12,038	12,606

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	418	406	319	264	284
Stock-based compensation expense	34	30	40	38	34
Deferred income taxes	−75	−34	13	6	−27
Other	32	83	18	−14	−37
Receivables	−16	−2	5	−16	−16
Inventories	−49	−253	71	−342	−235
Other assets	−13	−59	−23	33	—
Prepaid income taxes/income taxes payable	−8	−15	−12	33	−65
Accounts payable	156	251	−5	269	283
Other liabilities	−75	17	37	−15	—
Operating lease assets and liabilities	−1	4	4	—	—
Net cash provided by operating activities	1,063	1,121	1,356	1,250	1,367
Purchases of property, plant and equipment	−216	−311	−358	−222	−293
Acquisitions, net of cash acquired	1	−49	−2,225	−4	−124
Proceeds from disposals of businesses, net of divested cash	397	−11	—	399	7
Other investing activities, net	3	−35	−18	−1	−29
Net cash provided by (used in) investing activities	185	−406	−2,442	172	−419
Borrowings under revolving credit facilities	1,510	1,312	2,186	1,644	5,035
Repayments under revolving credit facilities	−2,176	−1,553	−3,074	−1,675	−3,717
Borrowings under term loans	140	0	1,031	0	0
Repayments under term loans	−140	0	0	0	−324
Repayments of other debt, net	−42	−45	−32	−17	−26
Dividends paid to LKQ stockholders	−310	−318	−302	−284	−73
Purchase of treasury stock	−159	−360	−38	−1,040	−877
Other financing activities, net	−14	−51	−63	−22	−15
Net cash (used in) provided by financing activities	−1,191	−746	1,102	−1,394	−985
Effect of exchange rate changes on cash, cash equivalents and restricted cash	36	−29	5	−24	−1
Net increase (decrease) in cash, cash equivalents and restricted cash	93	−60	21	4	−38
Income taxes, net of refunds	300	322	305	346	423
Interest	230	230	197	71	76

Filings

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