LKQ CORP
For the period ended Jun 30, 2024. Filed Jul 25, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 25, 2024
LKQ$20.05-2.4%Stored close · as of Nov 6, 2026
Contents
Unaudited Condensed Consolidated Statements of Income for the Three and Six Months Ended June 30, 2024 and 2023
Unaudited Condensed Consolidated Statements of Income
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $3,711 | $3,448 | $7,414 | $6,797 |
| Cost of goods sold | 2,270 | 2,034 | 4,521 | 4,011 |
| Gross margin | 1,441 | 1,414 | 2,893 | 2,786 |
| Selling, general and administrative expenses | 976 | 938 | 2,020 | 1,869 |
| Restructuring and transaction related expenses | 49 | 8 | 79 | 26 |
| Depreciation and amortization | 87 | 61 | 176 | 119 |
| Operating income | 329 | 407 | 618 | 772 |
| Other expense (income): | ||||
| Interest expense | 66 | 52 | 130 | 88 |
| Gains on foreign exchange contracts - acquisition related (1) | — | (23) | — | (46) |
| Interest income and other income, net | (3) | (11) | (9) | (20) |
| Total other expense, net | 63 | 18 | 121 | 22 |
| Income before provision for income taxes | 266 | 389 | 497 | 750 |
| Provision for income taxes | 82 | 109 | 153 | 203 |
| Equity in earnings of unconsolidated subsidiaries | 2 | 2 | — | 5 |
| Net income | 186 | 282 | 344 | 552 |
| Less: net income attributable to noncontrolling interest | 1 | 1 | 1 | 1 |
| Net income attributable to LKQ stockholders | $185 | $281 | $343 | $551 |
| Basic earnings per share: | ||||
| Net income | $0.70 | $1.05 | $1.29 | $2.06 |
| Less: net income attributable to noncontrolling interest | — | — | — | — |
| Net income attributable to LKQ stockholders | $0.70 | $1.05 | $1.29 | $2.06 |
| Diluted earnings per share: | ||||
| Net income | $0.70 | $1.05 | $1.29 | $2.06 |
| Less: net income attributable to noncontrolling interest | — | — | — | — |
| Net income attributable to LKQ stockholders | $0.70 | $1.05 | $1.29 | $2.06 |
(1) Related to the Uni-Select Inc. ("Uni-Select") acquisition. Refer to Note 2, "Business Combinations" and Note 13, "Derivative Instruments and Hedging Activities" for further information.
Unaudited Condensed Consolidated Statements of Comprehensive Income
(In millions)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $186 | $282 | $344 | $552 |
| Less: net income attributable to noncontrolling interest | 1 | 1 | 1 | 1 |
| Net income attributable to LKQ stockholders | 185 | 281 | 343 | 551 |
| Other comprehensive income (loss): | ||||
| Foreign currency translation, net of tax | (21) | 34 | (78) | 91 |
| Net change in unrealized gains/losses on cash flow hedges, net of tax | 1 | 10 | 5 | (7) |
| Other comprehensive income from unconsolidated subsidiaries | 5 | 1 | — | 4 |
| Other comprehensive (loss) income | (15) | 45 | (73) | 88 |
| Comprehensive income | 171 | 327 | 271 | 640 |
| Less: comprehensive income attributable to noncontrolling interest | 1 | 1 | 1 | 1 |
| Comprehensive income attributable to LKQ stockholders | $170 | $326 | $270 | $639 |
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