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Lkq Corp (LKQ) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Lkq Corp

CIK: 1065696 Ticker: LKQ
Exhibit 99.1

LKQ CORPORATION ANNOUNCES RESULTS FOR FOURTH QUARTER AND FULL YEAR 2013

Annual revenue growth of 23% to a record $5.1 billion
Fourth quarter 2013 diluted EPS increases 24%
Annual organic revenue growth for parts and services of 11%
Announces 20 new Euro Car Parts branches for 2014

Chicago, IL (February 27, 2014) - LKQ Corporation (Nasdaq:LKQ) today announced results for its fourth quarter and full year ended December 31, 2013. Net income for the fourth quarter was $77.9 million and diluted earnings per share was $0.26, a 23.8% increase over the $0.21 reported for the fourth quarter in 2012. For the full year 2013, net income was $311.6 million and diluted earnings per share was $1.02, a 17.2% increase over the $0.87 reported for 2012. The Company noted that full year 2013 diluted earnings per share included charges equal to $0.04 per share resulting from restructuring and acquisition related expenses, a loss on debt extinguishment and the change in fair value of contingent consideration liabilities. Additionally, full year 2012 diluted earnings per share included a $0.04 per share gain from the settlement of a previously disclosed lawsuit and a $0.01 per share loss related to restructuring and acquisition related expenses and the change in fair value of contingent consideration.

"We reached a major milestone in 2013 by surpassing $5 billion in annual revenue for the first time. We also delivered double digit revenue, diluted earnings per share, and parts and services organic revenue growth in 2013 while simultaneously expanding our footprint and product offerings in North America and Europe. I am particularly proud of the 24% growth in our diluted earnings per share for the fourth quarter and the record full year results,” stated Robert Wagman, President and Chief Executive Officer of LKQ Corporation.

Fourth Quarter 2013 Reported Results

For the fourth quarter of 2013, revenue was $1.32 billion compared with $1.07 billion for the fourth quarter of 2012, an increase of 23.3%. Net income for the fourth quarter was $77.9 million compared with $62.2 million in the prior year, an increase of 25.2%. For the fourth quarter, total organic revenue growth was 7.7%, including parts and services revenue growth of 9.9%. Acquisition revenue growth for the fourth quarter was 15.8%.

Full Year 2013 Reported Results

For the full year of 2013, revenue was $5.06 billion compared with $4.12 billion in 2012, an increase of 22.8%. Net income for the full year was $311.6 million compared with $261.2 million for the prior year, an increase of 19.3%. For the full year of 2013, total organic revenue growth was 9.3%, including parts and services revenue growth of 11.0%. Acquisition revenue growth for 2013 was 13.8%, while changes in foreign exchange rates had a 0.4% negative impact on revenue.



The following information was filed by Lkq Corp (LKQ) on Thursday, February 27, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Accumulated Other Comprehensive Income (loss)
Accumulated Other Comprehensive Income (loss) Accumulated Other Comprehensive Income (loss) (tables)
Accumulated Other Comprehensive Income (loss) Additional Information (details)
Accumulated Other Comprehensive Income (loss) Schedule Of Accumulated Other Comprehensive Income (loss) (details)
Business
Business Business - Additional Information (details)
Business Combinations
Business Combinations (tables)
Business Combinations - Additional Information (details)
Changes In Carrying Amount Of Goodwill (details)
Changes In Fair Value Of Contingent Consideration Obligations (details)
Changes In Warranty Reserve (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (details)
Components Of Other Intangibles (details)
Computation Of Earnings Per Share (details)
Condensed Consolidating Balance Sheets (details)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (tables)
Condensed Consolidating Financial Information - Additional Information (details)
Condensed Consolidating Statements Of Cash Flows (details)
Condensed Consolidating Statements Of Comprehensive Income (details)
Condensed Consolidating Statements Of Income (details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities - Additional Information (details)
Earnings Per Share
Earnings Per Share (tables)
Equity Incentive Plans
Equity Incentive Plans (tables)
Equity Incentive Plans - Additional Information (details)
Equity Incentive Plans Summary Of Expected To Vest Rsus, Stock Options, And Restricted Stock (details)
Equity Incentive Plans Summary Of Outstanding And Exercisable Stock Options (details)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (details)
Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis (details)
Future Minimum Lease Commitments (details)
Income Taxes
Income Taxes - Additional Information (details)
Income Taxes Income Taxes (tables)
Income Taxes Schedule Of Components Of Income Tax Expense (benefit) (details)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities (details)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities Classification (details)
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation (details)
Income Taxes Schedule Of Income Before Income Tax, Domestic And Foreign (details)
Income Taxes Schedule Of Unrecognized Tax Benefits Rollforward (details)
Long-term Obligations
Long-term Obligations (tables)
Long-term Obligations - Additional Information (details)
Long-term Obligations Schedule Of Maturities Of Long-term Obligations (details)
Pro Forma Effect Of Businesses Acquired (details)
Purchase Price Allocations For Acquisitions (details)
Reconciliation Of Ebitda To Income From Continuing Operations (details)
Restructuring And Acquisition Related Expenses
Restructuring And Acquisition Related Expenses - Additional Information (details)
Schedule Ii-valuation And Qualifying Accounts And Reserves Schedule Ii-valuation And Qualifying Accounts And Reserves
Schedule Ii-valuation And Qualifying Accounts And Reserves Schedule Ii-valuation And Qualifying Accounts And Reserves Schedule Ii-valuation And Qualifying Accounts And Reserves Schedule Ii-valuation And Qualifying Accounts And Reserves (notes)
Schedule Of Antidilutive Securities Excluded From Computation Of Diluted Earnings Per Share (details)
Schedule Of Assets By Reportable Segment (details)
Schedule Of Capital Expenditures By Reportable Segment (details)
Schedule Of Financial Performance By Reportable Segment (details)
Schedule Of Long-term Obligations (details)
Schedule Of Long-term Obligations (parenthetical) (details)
Schedule Of Pre-tax Stock-based Compensation Expense (details)
Schedule Of Revenue By Geographic Area (details)
Schedule Of Revenue By Product Category (details)
Schedule Of Stock-based Compensation Expense Expected To Be Recognized (details)
Schedule Of Stock-based Compensation Expense Included In Statements Of Income (details)
Schedule Of Tangible Long-lived Assets By Geographic Area (details)
Segment And Geographic Information
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Segment And Geographic Information - Additional Information (details)
Selected Quarterly Data
Selected Quarterly Data Selected Quarterly Data (tables)
Selected Quarterly Data Selected Quarterly Data - Additional Information (details)
Selected Quarterly Data Summary Of Selected Quarterly Data (details)
Significant Unobservable Inputs Used In Fair Value Measurements (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (details)
Summary Of Significant Accounting Policies Schedule Of Estimated Useful Lives (details)
Summary Of Significant Accounting Policies Schedule Of Inventory (details)
Summary Of Significant Accounting Policies Schedule Of Property And Equipment (details)
Summary Of Transactions In Stock-based Compensation Plans (details)
Terms Of Interest Rate Swap Agreements (details)
Ticker: LKQ
CIK: 1065696
Form Type: 10-K Annual Report
Accession Number: 0001065696-14-000017
Submitted to the SEC: Mon Mar 03 2014 4:40:29 PM EST
Accepted by the SEC: Mon Mar 03 2014
Period: Tuesday, December 31, 2013
Industry: Wholesale Motor Vehicles And Motor Vehicle Parts And Supplies

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