Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2019

The following tables present our financial performance by reportable segment for the periods indicated (in thousands):



	North America		Europe		Specialty		Eliminations			Consolidated
Three Months Ended March 31, 2019
Revenue:
Third Party	$	1,302,206	$	1,445,541	$	352,556	$	—		$	3,100,303
Intersegment	103		—		1,181		(1,284		)	—
Total segment revenue	$	1,302,309	$	1,445,541	$	353,737	$	(1,284	)	$	3,100,303
Segment EBITDA	$	176,636	$	105,298	$	37,959	$	—		$	319,893
Depreciation and amortization ⁽¹⁾	22,239		47,011		6,957		—			76,207
Three Months Ended March 31, 2018
Revenue:
Third Party	$	1,329,660	$	1,040,430	$	350,674	$	—		$	2,720,764
Intersegment	183		—		1,118		(1,301		)	—
Total segment revenue	$	1,329,843	$	1,040,430	$	351,792	$	(1,301	)	$	2,720,764
Segment EBITDA	$	177,713	$	75,534	$	41,969	$	—		$	295,216
Depreciation and amortization ⁽¹⁾	21,228		32,757		7,081		—			61,066

The table below provides a reconciliation of Net Income to Segment EBITDA (in thousands):



	Three Months Ended
	March 31,
	2019			2018
Net income	$	99,063		$	152,763
Less: net income (loss) attributable to noncontrolling interest	1,015			(197		)
Net income attributable to LKQ stockholders	98,048			152,960
Add:
Depreciation and amortization	71,002			56,458
Depreciation and amortization - cost of goods sold	5,205			4,608
Interest expense, net of interest income	36,089			28,515
Provision for income taxes	51,550			49,584
EBITDA	261,894			292,125
Subtract:
Equity in (losses) earnings of unconsolidated subsidiaries ⁽¹⁾	(39,549		)	1,412
Add:
Restructuring and acquisition related expenses ⁽²⁾	3,307			4,054
Inventory step-up adjustment - acquisition related	—			403
Impairment of net assets held for sale ⁽³⁾	15,023			—
Change in fair value of contingent consideration liabilities	120			46
Segment EBITDA	$	319,893		$	295,216

The following table presents capital expenditures by reportable segment (in thousands):

The following table presents assets by reportable segment (in thousands):



	March 31,		December 31,
	2019		2018
Receivables, net
North America	$	445,056	$	411,818
Europe	770,543		649,174
Specialty	137,892		93,091
Total receivables, net	1,353,491		1,154,083
Inventories
North America	994,438		1,076,306
Europe	1,363,929		1,410,264
Specialty	333,639		349,505
Total inventories	2,692,006		2,836,075
Property, plant and equipment, net
North America	574,046		570,508
Europe	546,725		562,600
Specialty	85,571		87,054
Total property, plant and equipment, net	1,206,342		1,220,162
Operating lease assets, net ⁽¹⁾
North America	757,590		—
Europe	438,272		—
Specialty	83,714		—
Total operating lease assets, net	1,279,576		—
Equity method investments
North America	17,551		16,404
Europe⁽²⁾	116,683		162,765
Total equity method investments	134,234		179,169
Other unallocated assets	6,000,261		6,003,913
Total assets	$	12,665,910	$	11,393,402

The following table sets forth our revenue by geographic area (in thousands):

The following table sets forth our tangible long-lived assets by geographic area (in thousands):