XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income Statement - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 3,104 $ 3,297 $ 9,793 $ 9,903
Cost of goods sold 1,828 1,953 5,793 5,850
Gross margin 1,276 1,344 4,000 4,053
Selling, general and administrative expenses 861 898 2,683 2,648
Restructuring and transaction related expenses   3 10 16
(Gain) on disposal of businesses and impairment of net assets held for sale (4) 1 (159) 0
Depreciation and amortization 58 64 178 195
Operating income 358 378 1,288 1,194
Other expense (income):        
Interest expense, net of interest income 17 16 46 56
Loss on debt extinguishment 0 0 0 24
Other income, net (6) (3) (4) (15)
Total other expense, net 11 13 42 65
Income from continuing operations before provision for income taxes 347 365 1,246 1,129
Provision for income taxes 88 89 304 290
Equity in earnings of unconsolidated subsidiaries 2 8 8 17
Income from continuing operations 261 284 950 856
Net income from discontinued operations 1 0 5 0
Net income 262 284 955 856
Less: net income attributable to continuing noncontrolling interest 0 0 0 1
Net income attributable to LKQ stockholders $ 262 $ 284 $ 955 $ 855
Basic earnings per share: (1)        
Income from continuing operations $ 0.95 $ 0.97 $ 3.39 $ 2.86
Net income from discontinued operations 0 0 0.02 0
Net income 0.96 0.97 3.41 2.86
Less: net income attributable to continuing noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders 0.96 0.97 3.41 2.86
Diluted earnings per share: (1)        
Income from continuing operations 0.95 0.96 3.38 2.85
Net income from discontinued operations 0 0 0.02 0
Net income 0.95 0.96 3.40 2.85
Less: net income attributable to continuing noncontrolling interest 0 0 0 0
Net income attributable to LKQ stockholders $ 0.95 $ 0.96 $ 3.40 $ 2.85