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Lkq Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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expense. The prior year rate was increased by 1.7% due to valuation allowances on the tax benefit of net operating loss and interest deduction carryforwards in certain jurisdictions where realization was
r period. This increase is attributable to higher precious metals and scrap steel prices, margin initiatives, rightsizing actions and the favorable effect from the revenue recovery compared to the prior year when the COVID-19 impact was mo
business. We believe the revenue growth was driven by our competitive advantage with our delivery service teams that enabled us to keep up with the strong demand and have more available inventory than our co
We also emphasized the preservation of capital in 2020 with a deferral of growth driven capital projects, reductions in inventory orders, more active monitoring of customer receivables and terms, income and value added tax payment deferrals (the majority of which were paid during the third quarter of 2020), and suspension of our share buyback program (which was reinstated during the fourth quarter of 2020).
ary 2020. (3)The favorable variance in Interest income and other income, net primarily related to (i) $11 million of fair value adjustments in 2021 for appreciation in our equity investments not accounted for under the equity method, (ii) $6 million in pension settlement losses in the prior year related to our primary defined benefit plan in the U.S. (the "U.S. Plan"), (iii) several individually immaterial factors that had a favorable impact of $1 million in the aggregate, partially offset by (iv) an $8 million reduction in proceeds related to insurance settlements compared to the prior year and (v) a $5 million reduction due to a decrease in non-operating income from a North American
idiaries. Equity in earnings of...Read more
straints. Accounts payable produced $347...Read more
rounding. (1) The increase in...Read more
Inflationary pressures around wages and...Read more
While our businesses were deemed...Read more
d demand. Our action plan...Read more
As part of applying the...Read more
31, 2020. Additionally, net sequential...Read more
ge rates. We believe providing...Read more
31, 2020. This favorable impact...Read more
t EBITDA. Segment EBITDA increased...Read more
We showed improvement in the...Read more
We expect consolidated parts and...Read more
31, 2020. The SG&A expense...Read more
Transformation capital expenditures - Capitalizable...Read more
erations. Wholesale operations gross margin...Read more
By using these performance measures,...Read more
Interest. Net income attributable to...Read more
Key Performance Indicators We believe...Read more
pecialty. We have presented the...Read more
on above. Given our success...Read more
Changes in these estimates can...Read more
rounding. (1) The increase in...Read more
rounding. (1) The increase in...Read more
ectively. The positive translation effect...Read more
th rates. (2)The $276 million...Read more
strategy. Our 2022 plan includes...Read more
o period. Receivables, net was...Read more
We believe that organic revenue...Read more
As anticipated, April 2020 experienced...Read more
vehicle. We estimate that...Read more
Recently Issued Accounting Pronouncements See...Read more
orm 10-K. As of December...Read more
petitors. (2)Acquisition related growth for...Read more
During the fourth quarter of...Read more
A 10% decline in projected...Read more
As movement restrictions lessened in...Read more
revenue. We calculate Segment...Read more
Organic revenue growth includes incremental...Read more
retation. In addition, not all...Read more
for sale. For the year...Read more
in 2020. We are...Read more
g income. (2) Cash payments...Read more
During the third quarter of...Read more
Revenue. The following table...Read more
Revenue. The following table...Read more
During the third quarter of...Read more
During the fourth quarter of...Read more
ortfalls. Our total liquidity includes...Read more
In the future, we may...Read more
e months. Benefit payments for...Read more
million). Also, we terminated our...Read more
r period. The following table...Read more
me Taxes. Our effective income...Read more
October. We had outstanding...Read more
0, 2021). As of December...Read more
ing days. The organic increase...Read more
charges. EBITDA, which is...Read more
31, 2021. Europe Percentage of...Read more
shipping. (3)The increase in inventory...Read more
Based on our expectations in...Read more
Revenue. The following table...Read more
Our organic parts and services...Read more
outflow. On February 15,...Read more
Beginning in late 2020 and...Read more
in 2020. (2) The...Read more
During the first quarter of...Read more
Service. Our Wholesale -...Read more
products. As shown in the...Read more
31, 2021. Including our senior...Read more
ods Sold. Cost of goods...Read more
isitions. Beginning in the fourth...Read more
increase. All outstanding payments owed...Read more
segment. See "Net Assets...Read more
age fees. Since December 31,...Read more
isitions. Our future liquidity and...Read more
Europe was also negatively affected...Read more
We do not believe it...Read more
tization. The following table summarizes...Read more
shipping. (2)The increase in inventory...Read more
We expect the transformation and...Read more
in 2020). We intend to...Read more
e to mix. The mix...Read more
The assumptions used to assess...Read more
Since the start of the...Read more
Please refer to the factors...Read more
amounts. In addition, from...Read more
ge rates. (2)The decrease in...Read more
nd costs. We have various...Read more
ge ratio. As detailed in...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Lkq Corp provided additional information to their SEC Filing as exhibits
Ticker: LKQ
CIK: 1065696
Form Type: 10-K Annual Report
Accession Number: 0001065696-22-000006
Submitted to the SEC: Fri Feb 25 2022 4:18:27 PM EST
Accepted by the SEC: Fri Feb 25 2022
Period: Friday, December 31, 2021
Industry: Wholesale Motor Vehicles And Motor Vehicle Parts And Supplies