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Condensed Consolidating Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Condensed Consolidating Financial Information [Abstract] |  |  |
Consolidated Condensed Statements of Income |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Income (In thousands)
| Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Revenue | $ | — |  |  | $ | 6,269,185 |  |  | $ | 6,384,822 |  |  | $ | (147,898 | ) |  | $ | 12,506,109 |
Cost of goods sold | — |  |  | 3,711,074 |  |  | 4,091,139 |  |  | (147,898 | ) |  | 7,654,315 |
Gross margin | — |  |  | 2,558,111 |  |  | 2,293,683 |  |  | — |  |  | 4,851,794 |
Selling, general and administrative expenses | 45,914 |  |  | 1,732,282 |  |  | 1,802,104 |  |  | — |  |  | 3,580,300 |
Restructuring and acquisition related expenses | — |  |  | 8,644 |  |  | 28,335 |  |  | — |  |  | 36,979 |
Impairment of net assets held for sale and goodwill | — |  |  | 39,355 |  |  | 7,747 |  |  | — |  |  | 47,102 |
Depreciation and amortization | 479 |  |  | 105,288 |  |  | 185,003 |  |  | — |  |  | 290,770 |
Operating (loss) income | (46,393 | ) |  | 672,542 |  |  | 270,494 |  |  | — |  |  | 896,643 |
Other expense (income): |  |  |  |  |  |  |  |  |
Interest expense | 52,376 |  |  | 299 |  |  | 85,829 |  |  | — |  |  | 138,504 |
Intercompany interest (income) expense, net | (58,762 | ) |  | 32,899 |  |  | 25,863 |  |  | — |  |  | — |
Gain on debt extinguishment | — |  |  | (128 | ) |  | — |  |  | — |  |  | (128 | )
Interest income and other (income) expense, net | (13,269 | ) |  | (20,376 | ) |  | 890 |  |  | — |  |  | (32,755 | )
Total other (income) expense, net | (19,655 | ) |  | 12,694 |  |  | 112,582 |  |  | — |  |  | 105,621 |
(Loss) income from continuing operations before (benefit) provision for income taxes | (26,738 | ) |  | 659,848 |  |  | 157,912 |  |  | — |  |  | 791,022 |
(Benefit) provision for income taxes | (7,062 | ) |  | 169,173 |  |  | 53,219 |  |  | — |  |  | 215,330 |
Equity in earnings (losses) of unconsolidated subsidiaries | — |  |  | 1,220 |  |  | (33,497 | ) |  | — |  |  | (32,277 | )
Equity in earnings of subsidiaries | 559,317 |  |  | 10,824 |  |  | — |  |  | (570,141 | ) |  | — |
Income from continuing operations | 539,641 |  |  | 502,719 |  |  | 71,196 |  |  | (570,141 | ) |  | 543,415 |
Net income (loss) from discontinued operations | 1,619 |  |  | (1,253 | ) |  | 1,673 |  |  | (420 | ) |  | 1,619 |
Net income | 541,260 |  |  | 501,466 |  |  | 72,869 |  |  | (570,561 | ) |  | 545,034 |
Less: net income attributable to continuing noncontrolling interest | — |  |  | — |  |  | 2,800 |  |  | — |  |  | 2,800 |
Less: net income attributable to discontinued noncontrolling interest | — |  |  | — |  |  | 974 |  |  | — |  |  | 974 |
Net income attributable to LKQ stockholders | $ | 541,260 |  |  | $ | 501,466 |  |  | $ | 69,095 |  |  | $ | (570,561 | ) |  | $ | 541,260 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Income (In thousands)
| Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Revenue | $ | — |  |  | $ | 6,276,951 |  |  | $ | 5,766,958 |  |  | $ | (167,235 | ) |  | $ | 11,876,674 |
Cost of goods sold | — |  |  | 3,783,376 |  |  | 3,685,676 |  |  | (167,235 | ) |  | 7,301,817 |
Gross margin | — |  |  | 2,493,575 |  |  | 2,081,282 |  |  | — |  |  | 4,574,857 |
Selling, general and administrative expenses | 27,394 |  |  | 1,713,118 |  |  | 1,612,219 |  |  | — |  |  | 3,352,731 |
Restructuring and acquisition related expenses | — |  |  | 3,140 |  |  | 29,288 |  |  | — |  |  | 32,428 |
Impairment of net assets held for sale and goodwill | — |  |  | 33,244 |  |  | — |  |  | — |  |  | 33,244 |
Depreciation and amortization | 137 |  |  | 99,665 |  |  | 174,411 |  |  | — |  |  | 274,213 |
Operating (loss) income | (27,531 | ) |  | 644,408 |  |  | 265,364 |  |  | — |  |  | 882,241 |
Other expense (income): |  |  |  |  |  |  |  |  |
Interest expense | 66,794 |  |  | 640 |  |  | 78,943 |  |  | — |  |  | 146,377 |
Intercompany interest (income) expense, net | (65,072 | ) |  | 40,756 |  |  | 24,316 |  |  | — |  |  | — |
Loss on debt extinguishment | 1,350 |  |  | — |  |  | — |  |  | — |  |  | 1,350 |
Interest income and other (income) expense, net | (1,082 | ) |  | (15,586 | ) |  | 7,751 |  |  | — |  |  | (8,917 | )
Total other expense, net | 1,990 |  |  | 25,810 |  |  | 111,010 |  |  | — |  |  | 138,810 |
(Loss) income from continuing operations before (benefit) provision for income taxes | (29,521 | ) |  | 618,598 |  |  | 154,354 |  |  | — |  |  | 743,431 |
(Benefit) provision for income taxes | (18,600 | ) |  | 163,937 |  |  | 46,058 |  |  | — |  |  | 191,395 |
Equity in earnings (losses) of unconsolidated subsidiaries | — |  |  | 173 |  |  | (64,644 | ) |  | — |  |  | (64,471 | )
Equity in earnings of subsidiaries | 495,436 |  |  | 16,598 |  |  | — |  |  | (512,034 | ) |  | — |
Income from continuing operations | 484,515 |  |  | 471,432 |  |  | 43,652 |  |  | (512,034 | ) |  | 487,565 |
Net loss from discontinued operations | (4,397 | ) |  | (4,397 | ) |  | — |  |  | 4,397 |  |  | (4,397 | )
Net income | 480,118 |  |  | 467,035 |  |  | 43,652 |  |  | (507,637 | ) |  | 483,168 |
Less: net income attributable to noncontrolling interest | — |  |  | — |  |  | 3,050 |  |  | — |  |  | 3,050 |
Net income attributable to LKQ stockholders | $ | 480,118 |  |  | $ | 467,035 |  |  | $ | 40,602 |  |  | $ | (507,637 | ) |  | $ | 480,118 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Income (In thousands)
| Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Revenue | $ | — |  |  | $ | 5,780,904 |  |  | $ | 4,116,161 |  |  | $ | (160,156 | ) |  | $ | 9,736,909 |
Cost of goods sold | — |  |  | 3,458,304 |  |  | 2,639,138 |  |  | (160,156 | ) |  | 5,937,286 |
Gross margin | — |  |  | 2,322,600 |  |  | 1,477,023 |  |  | — |  |  | 3,799,623 |
Selling, general and administrative expenses | 29,884 |  |  | 1,557,883 |  |  | 1,127,640 |  |  | — |  |  | 2,715,407 |
Restructuring and acquisition related expenses | — |  |  | 7,352 |  |  | 12,320 |  |  | — |  |  | 19,672 |
Depreciation and amortization | 118 |  |  | 96,717 |  |  | 122,711 |  |  | — |  |  | 219,546 |
Operating (loss) income | (30,002 | ) |  | 660,648 |  |  | 214,352 |  |  | — |  |  | 844,998 |
Other expense (income): |  |  |  |  |  |  |  |  |
Interest expense | 66,030 |  |  | 546 |  |  | 35,064 |  |  | — |  |  | 101,640 |
Intercompany interest (income) expense, net | (17,873 | ) |  | (2,383 | ) |  | 20,256 |  |  | — |  |  | — |
Loss on debt extinguishment | 456 |  |  | — |  |  | — |  |  | — |  |  | 456 |
Interest income and other expense (income), net | 242 |  |  | (14,323 | ) |  | (9,644 | ) |  | — |  |  | (23,725 | )
Total other expense (income), net | 48,855 |  |  | (16,160 | ) |  | 45,676 |  |  | — |  |  | 78,371 |
(Loss) income from continuing operations before provision for income taxes | (78,857 | ) |  | 676,808 |  |  | 168,676 |  |  | — |  |  | 766,627 |
Provision for income taxes | 28,684 |  |  | 168,288 |  |  | 38,588 |  |  | — |  |  | 235,560 |
Equity in earnings of unconsolidated subsidiaries | — |  |  | — |  |  | 5,907 |  |  | — |  |  | 5,907 |
Equity in earnings of subsidiaries | 648,031 |  |  | 21,836 |  |  | — |  |  | (669,867 | ) |  | — |
Income from continuing operations | 540,490 |  |  | 530,356 |  |  | 135,995 |  |  | (669,867 | ) |  | 536,974 |
Net (loss) income from discontinued operations | (6,746 | ) |  | (6,746 | ) |  | 2,050 |  |  | 4,696 |  |  | (6,746 | )
Net income | 533,744 |  |  | 523,610 |  |  | 138,045 |  |  | (665,171 | ) |  | 530,228 |
Less: net loss attributable to noncontrolling interest | — |  |  | — |  |  | (3,516 | ) |  | — |  |  | (3,516 | )
Net income attributable to LKQ stockholders | $ | 533,744 |  |  | $ | 523,610 |  |  | $ | 141,561 |  |  | $ | (665,171 | ) |  | $ | 533,744 |
Consolidated Condensed Statements of Comprehensive Income (Loss) |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Comprehensive Income (In thousands)
| Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income | $ | 541,260 |  |  | $ | 501,466 |  |  | $ | 72,869 |  |  | $ | (570,561 | ) |  | $ | 545,034 |
Less: net income attributable to continuing noncontrolling interest | — |  |  | — |  |  | 2,800 |  |  | — |  |  | 2,800 |
Less: net income attributable to discontinued noncontrolling interest | — |  |  | — |  |  | 974 |  |  | — |  |  | 974 |
Net income attributable to LKQ stockholders | 541,260 |  |  | 501,466 |  |  | 69,095 |  |  | (570,561 | ) |  | 541,260 |
Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |
Foreign currency translation, net of tax | 6,704 |  |  | 5,477 |  |  | 5,360 |  |  | (10,837 | ) |  | 6,704 |
Net change in unrealized gains/losses on cash flow hedges, net of tax | (9,016 | ) |  | — |  |  | — |  |  | — |  |  | (9,016 | )
Net change in unrealized gains/losses on pension plans, net of tax | (23,859 | ) |  | (6,088 | ) |  | (17,771 | ) |  | 23,859 |  |  | (23,859 | )
Net change in other comprehensive income from unconsolidated subsidiaries | 236 |  |  | — |  |  | 236 |  |  | (236 | ) |  | 236 |
Other comprehensive loss | (25,935 | ) |  | (611 | ) |  | (12,175 | ) |  | 12,786 |  |  | (25,935 | )
Comprehensive income | 515,325 |  |  | 500,855 |  |  | 60,694 |  |  | (557,775 | ) |  | 519,099 |
Less: comprehensive income attributable to continuing noncontrolling interest | — |  |  | — |  |  | 2,800 |  |  | — |  |  | 2,800 |
Less: comprehensive income attributable to discontinued noncontrolling interest | — |  |  | — |  |  | 974 |  |  | — |  |  | 974 |
Comprehensive income attributable to LKQ stockholders | $ | 515,325 |  |  | $ | 500,855 |  |  | $ | 56,920 |  |  | $ | (557,775 | ) |  | $ | 515,325 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Comprehensive Income (In thousands)
| Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income | $ | 480,118 |  |  | $ | 467,035 |  |  | $ | 43,652 |  |  | $ | (507,637 | ) |  | $ | 483,168 |
Less: net income attributable to noncontrolling interest | — |  |  | — |  |  | 3,050 |  |  | — |  |  | 3,050 |
Net income attributable to LKQ stockholders | 480,118 |  |  | 467,035 |  |  | 40,602 |  |  | (507,637 | ) |  | 480,118 |
Other comprehensive (loss) income: |  |  |  |  |  |  |  |  |
Foreign currency translation, net of tax | (108,523 | ) |  | (8,628 | ) |  | (75,462 | ) |  | 84,090 |  |  | (108,523 | )
Net change in unrealized gains/losses on cash flow hedges, net of tax | 350 |  |  | — |  |  | — |  |  | — |  |  | 350 |
Net change in unrealized gains/losses on pension plans, net of tax | 697 |  |  | 1,266 |  |  | (569 | ) |  | (697 | ) |  | 697 |
Net change in other comprehensive loss from unconsolidated subsidiaries | (2,343 | ) |  | — |  |  | (2,343 | ) |  | 2,343 |  |  | (2,343 | )
Other comprehensive loss | (109,819 | ) |  | (7,362 | ) |  | (78,374 | ) |  | 85,736 |  |  | (109,819 | )
Comprehensive income (loss) | 370,299 |  |  | 459,673 |  |  | (34,722 | ) |  | (421,901 | ) |  | 373,349 |
Less: comprehensive income attributable to noncontrolling interest | — |  |  | — |  |  | 3,050 |  |  | — |  |  | 3,050 |
Comprehensive income (loss) attributable to LKQ stockholders | $ | 370,299 |  |  | $ | 459,673 |  |  | $ | (37,772 | ) |  | $ | (421,901 | ) |  | $ | 370,299 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Comprehensive Income (In thousands)
| Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income | $ | 533,744 |  |  | $ | 523,610 |  |  | $ | 138,045 |  |  | $ | (665,171 | ) |  | $ | 530,228 |
Less: net loss attributable to noncontrolling interest | — |  |  | — |  |  | (3,516 | ) |  | — |  |  | (3,516 | )
Net income attributable to LKQ stockholders | 533,744 |  |  | 523,610 |  |  | 141,561 |  |  | (665,171 | ) |  | 533,744 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation, net of tax | 200,596 |  |  | 16,743 |  |  | 206,049 |  |  | (222,792 | ) |  | 200,596 |
Net change in unrealized gains/losses on cash flow hedges, net of tax | 3,447 |  |  | (133 | ) |  | — |  |  | 133 |  |  | 3,447 |
Net change in unrealized gains/losses on pension plans, net of tax | (6,035 | ) |  | (3,254 | ) |  | (2,781 | ) |  | 6,035 |  |  | (6,035 | )
Net change in other comprehensive loss from unconsolidated subsidiaries | (1,309 | ) |  | — |  |  | (1,309 | ) |  | 1,309 |  |  | (1,309 | )
Other comprehensive income | 196,699 |  |  | 13,356 |  |  | 201,959 |  |  | (215,315 | ) |  | 196,699 |
Comprehensive income | 730,443 |  |  | 536,966 |  |  | 340,004 |  |  | (880,486 | ) |  | 726,927 |
Less: comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | (3,516 | ) |  | — |  |  | (3,516 | )
Comprehensive income attributable to LKQ stockholders | $ | 730,443 |  |  | $ | 536,966 |  |  | $ | 343,520 |  |  | $ | (880,486 | ) |  | $ | 730,443 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Comprehensive Income (In thousands)
| Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net income | $ | 533,744 |  |  | $ | 523,610 |  |  | $ | 138,045 |  |  | $ | (665,171 | ) |  | $ | 530,228 |
Less: net loss attributable to noncontrolling interest | — |  |  | — |  |  | (3,516 | ) |  | — |  |  | (3,516 | )
Net income attributable to LKQ stockholders | 533,744 |  |  | 523,610 |  |  | 141,561 |  |  | (665,171 | ) |  | 533,744 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation, net of tax | 200,596 |  |  | 16,743 |  |  | 206,049 |  |  | (222,792 | ) |  | 200,596 |
Net change in unrealized gains/losses on cash flow hedges, net of tax | 3,447 |  |  | (133 | ) |  | — |  |  | 133 |  |  | 3,447 |
Net change in unrealized gains/losses on pension plans, net of tax | (6,035 | ) |  | (3,254 | ) |  | (2,781 | ) |  | 6,035 |  |  | (6,035 | )
Net change in other comprehensive loss from unconsolidated subsidiaries | (1,309 | ) |  | — |  |  | (1,309 | ) |  | 1,309 |  |  | (1,309 | )
Other comprehensive income | 196,699 |  |  | 13,356 |  |  | 201,959 |  |  | (215,315 | ) |  | 196,699 |
Comprehensive income | 730,443 |  |  | 536,966 |  |  | 340,004 |  |  | (880,486 | ) |  | 726,927 |
Less: comprehensive loss attributable to noncontrolling interest | — |  |  | — |  |  | (3,516 | ) |  | — |  |  | (3,516 | )
Comprehensive income attributable to LKQ stockholders | $ | 730,443 |  |  | $ | 536,966 |  |  | $ | 343,520 |  |  | $ | (880,486 | ) |  | $ | 730,443 |
Consolidated Condensed Balance Sheets |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In thousands)
| December 31, 2019
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 240,476 |  |  | $ | 44,326 |  |  | $ | 238,218 |  |  | $ | — |  |  | $ | 523,020 |
Receivables, net | — |  |  | 304,416 |  |  | 826,716 |  |  | — |  |  | 1,131,132 |
Intercompany receivables, net | 9,822 |  |  | — |  |  | 18,261 |  |  | (28,083 | ) |  | — |
Inventories | — |  |  | 1,289,389 |  |  | 1,483,388 |  |  | — |  |  | 2,772,777 |
Prepaid expenses and other current assets | 11,606 |  |  | 94,146 |  |  | 155,138 |  |  | — |  |  | 260,890 |
Total current assets | 261,904 |  |  | 1,732,277 |  |  | 2,721,721 |  |  | (28,083 | ) |  | 4,687,819 |
Property, plant and equipment, net | 423 |  |  | 640,648 |  |  | 593,329 |  |  | — |  |  | 1,234,400 |
Operating lease assets, net | 3,701 |  |  | 808,726 |  |  | 496,084 |  |  | — |  |  | 1,308,511 |
Intangible assets: |  |  |  |  |  |  |  |  |
Goodwill | — |  |  | 2,012,282 |  |  | 2,394,253 |  |  | — |  |  | 4,406,535 |
Other intangibles, net | 564 |  |  | 249,497 |  |  | 600,277 |  |  | — |  |  | 850,338 |
Investment in subsidiaries | 5,345,724 |  |  | 127,551 |  |  | — |  |  | (5,473,275 | ) |  | — |
Intercompany notes receivable | 1,021,380 |  |  | 120,099 |  |  | — |  |  | (1,141,479 | ) |  | — |
Equity method investments | — |  |  | 17,624 |  |  | 121,619 |  |  | — |  |  | 139,243 |
Other noncurrent assets | 64,080 |  |  | 39,204 |  |  | 49,826 |  |  | — |  |  | 153,110 |
Total assets | $ | 6,697,776 |  |  | $ | 5,747,908 |  |  | $ | 6,977,109 |  |  | $ | (6,642,837 | ) |  | $ | 12,779,956 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,883 |  |  | $ | 397,647 |  |  | $ | 542,265 |  |  | $ | — |  |  | $ | 942,795 |
Intercompany payables, net | — |  |  | 18,261 |  |  | 9,822 |  |  | (28,083 | ) |  | — |
Accrued expenses: |  |  |  |  |  |  |  |  |
Accrued payroll-related liabilities | 8,837 |  |  | 66,877 |  |  | 103,489 |  |  | — |  |  | 179,203 |
Refund liability | — |  |  | 46,789 |  |  | 50,525 |  |  | — |  |  | 97,314 |
Other accrued expenses | 8,895 |  |  | 119,352 |  |  | 161,436 |  |  | — |  |  | 289,683 |
Other current liabilities | 282 |  |  | 23,641 |  |  | 97,700 |  |  |  |  |  | 121,623 |
Current portion of operating lease liabilities | 224 |  |  | 119,538 |  |  | 101,765 |  |  | — |  |  | 221,527 |
Current portion of long-term obligations | 202,220 |  |  | 3,124 |  |  | 121,023 |  |  | — |  |  | 326,367 |
Total current liabilities | 223,341 |  |  | 795,229 |  |  | 1,188,025 |  |  | (28,083 | ) |  | 2,178,512 |
Long-term operating lease liabilities, excluding current portion | 3,883 |  |  | 721,584 |  |  | 412,130 |  |  | — |  |  | 1,137,597 |
Long-term obligations, excluding current portion | 1,331,015 |  |  | 14,268 |  |  | 2,370,106 |  |  | — |  |  | 3,715,389 |
Intercompany notes payable | — |  |  | 517,361 |  |  | 624,118 |  |  | (1,141,479 | ) |  | — |
Deferred income taxes | 5,229 |  |  | 161,574 |  |  | 143,326 |  |  | — |  |  | 310,129 |
Other noncurrent liabilities | 125,432 |  |  | 80,611 |  |  | 159,629 |  |  | — |  |  | 365,672 |
Redeemable noncontrolling interest | — |  |  | — |  |  | 24,077 |  |  | — |  |  | 24,077 |
Stockholders' equity: |  |  |  |  |  |  |  |  |
Total Company stockholders’ equity | 5,008,876 |  |  | 3,457,281 |  |  | 2,015,994 |  |  | (5,473,275 | ) |  | 5,008,876 |
Noncontrolling interest | — |  |  | — |  |  | 39,704 |  |  | — |  |  | 39,704 |
Total stockholders’ equity | 5,008,876 |  |  | 3,457,281 |  |  | 2,055,698 |  |  | (5,473,275 | ) |  | 5,048,580 |
Total liabilities and stockholders' equity | $ | 6,697,776 |  |  | $ | 5,747,908 |  |  | $ | 6,977,109 |  |  | $ | (6,642,837 | ) |  | $ | 12,779,956 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Balance Sheets (In thousands)
| December 31, 2018
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 25,633 |  |  | $ | 29,285 |  |  | $ | 276,843 |  |  | $ | — |  |  | $ | 331,761 |
Receivables, net | 310 |  |  | 316,726 |  |  | 837,047 |  |  | — |  |  | 1,154,083 |
Intercompany receivables, net | 6,978 |  |  | — |  |  | 12,880 |  |  | (19,858 | ) |  | — |
Inventories | — |  |  | 1,343,612 |  |  | 1,492,463 |  |  | — |  |  | 2,836,075 |
Prepaid expenses and other current assets | 18,611 |  |  | 99,356 |  |  | 81,063 |  |  | — |  |  | 199,030 |
Total current assets | 51,532 |  |  | 1,788,979 |  |  | 2,700,296 |  |  | (19,858 | ) |  | 4,520,949 |
Property, plant and equipment, net | 1,547 |  |  | 600,054 |  |  | 618,561 |  |  | — |  |  | 1,220,162 |
Intangible assets: |  |  |  |  |  |  |  |  |
Goodwill | — |  |  | 1,973,364 |  |  | 2,408,094 |  |  | — |  |  | 4,381,458 |
Other intangibles, net | 260 |  |  | 272,451 |  |  | 656,041 |  |  | — |  |  | 928,752 |
Investment in subsidiaries | 5,224,006 |  |  | 111,826 |  |  | — |  |  | (5,335,832 | ) |  | — |
Intercompany notes receivable | 1,220,582 |  |  | 10,515 |  |  | — |  |  | (1,231,097 | ) |  | — |
Equity method investments | — |  |  | 16,404 |  |  | 162,765 |  |  | — |  |  | 179,169 |
Other noncurrent assets | 70,283 |  |  | 40,548 |  |  | 52,081 |  |  | — |  |  | 162,912 |
Total assets | $ | 6,568,210 |  |  | $ | 4,814,141 |  |  | $ | 6,597,838 |  |  | $ | (6,586,787 | ) |  | $ | 11,393,402 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 2,454 |  |  | $ | 343,116 |  |  | $ | 596,828 |  |  | $ | — |  |  | $ | 942,398 |
Intercompany payables, net | — |  |  | 12,880 |  |  | 6,978 |  |  | (19,858 | ) |  | — |
Accrued expenses: |  |  |  |  |  |  |  |  |
Accrued payroll-related liabilities | 6,652 |  |  | 70,267 |  |  | 95,086 |  |  | — |  |  | 172,005 |
Refund liability | — |  |  | 50,899 |  |  | 53,686 |  |  | — |  |  | 104,585 |
Other accrued expenses | 5,454 |  |  | 105,672 |  |  | 177,299 |  |  | — |  |  | 288,425 |
Other current liabilities | 283 |  |  | 17,860 |  |  | 42,966 |  |  | — |  |  | 61,109 |
Current portion of long-term obligations | 8,459 |  |  | 2,932 |  |  | 110,435 |  |  | — |  |  | 121,826 |
Total current liabilities | 23,302 |  |  | 603,626 |  |  | 1,083,278 |  |  | (19,858 | ) |  | 1,690,348 |
Long-term obligations, excluding current portion | 1,628,677 |  |  | 13,532 |  |  | 2,546,465 |  |  | — |  |  | 4,188,674 |
Intercompany notes payable | — |  |  | 597,283 |  |  | 633,814 |  |  | (1,231,097 | ) |  | — |
Deferred income taxes | 8,045 |  |  | 135,355 |  |  | 168,034 |  |  | — |  |  | 311,434 |
Other noncurrent liabilities | 125,888 |  |  | 99,147 |  |  | 139,159 |  |  | — |  |  | 364,194 |
Total Company stockholders’ equity | 4,782,298 |  |  | 3,365,198 |  |  | 1,970,634 |  |  | (5,335,832 | ) |  | 4,782,298 |
Noncontrolling interest | — |  |  | — |  |  | 56,454 |  |  | — |  |  | 56,454 |
Total stockholders’ equity | 4,782,298 |  |  | 3,365,198 |  |  | 2,027,088 |  |  | (5,335,832 | ) |  | 4,838,752 |
Total liabilities and stockholders' equity | $ | 6,568,210 |  |  | $ | 4,814,141 |  |  | $ | 6,597,838 |  |  | $ | (6,586,787 | ) |  | $ | 11,393,402 |
Consolidated Condensed Statements of Cash Flows |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In thousands)
| Year Ended December 31, 2019
| Parent |  | Guarantors |  | Non-Guarantors (1) |  | Eliminations |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 500,658 |  |  | $ | 275,443 |  |  | $ | 378,100 |  |  | $ | (90,168 | ) |  | $ | 1,064,033 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (564 | ) |  | (134,992 | ) |  | (130,174 | ) |  | — |  |  | (265,730 | )
Proceeds from disposals of property, plant and equipment | — |  |  | 6,821 |  |  | 9,224 |  |  | — |  |  | 16,045 |
Investment and intercompany note activity with subsidiaries | 130,600 |  |  | — |  |  | — |  |  | (130,600 | ) |  | — |
Acquisitions, net of cash and restricted cash acquired | — |  |  | (23,643 | ) |  | (3,653 | ) |  | — |  |  | (27,296 | )
Proceeds from disposal of businesses | — |  |  | 19,682 |  |  | (1,213 | ) |  | — |  |  | 18,469 |
Investments in unconsolidated subsidiaries | — |  |  | (3,250 | ) |  | (4,344 | ) |  | — |  |  | (7,594 | )
Receipts of deferred purchase price on receivables under factoring arrangements | — |  |  | 358,995 |  |  | — |  |  | (358,995 | ) |  | — |
Other investing activities, net | 967 |  |  | 286 |  |  | — |  |  | — |  |  | 1,253 |
Net cash provided by (used in) investing activities | 131,003 |  |  | 223,899 |  |  | (130,160 | ) |  | (489,595 | ) |  | (264,853 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Purchase of treasury stock | (291,813 | ) |  | — |  |  | — |  |  | — |  |  | (291,813 | )
Borrowings under revolving credit facilities | 218,000 |  |  | — |  |  | 387,708 |  |  | — |  |  | 605,708 |
Repayments under revolving credit facilities | (316,692 | ) |  | — |  |  | (417,779 | ) |  | — |  |  | (734,471 | )
Repayments under term loans | (8,750 | ) |  | — |  |  | — |  |  | — |  |  | (8,750 | )
Borrowings under receivables securitization facility | — |  |  | — |  |  | 36,600 |  |  | — |  |  | 36,600 |
Repayments under receivables securitization facility | — |  |  | — |  |  | (146,600 | ) |  | — |  |  | (146,600 | )
Payment of notes issued and assumed debt from acquisitions | (19,123 | ) |  | — |  |  | — |  |  | — |  |  | (19,123 | )
Repayments of other debt, net | (749 | ) |  | (2,185 | ) |  | (30,988 | ) |  | — |  |  | (33,922 | )
Other financing activities, net | 2,309 |  |  | — |  |  | (10,607 | ) |  | — |  |  | (8,298 | )
Investment and intercompany note activity with parent | — |  |  | (34,026 | ) |  | (96,574 | ) |  | 130,600 |  |  | — |
Dividends | — |  |  | (449,163 | ) |  | — |  |  | 449,163 |  |  | — |
Net cash used in financing activities | (416,818 | ) |  | (485,374 | ) |  | (278,240 | ) |  | 579,763 |  |  | (600,669 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | 1,073 |  |  | (1,977 | ) |  | — |  |  | (904 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | 214,843 |  |  | 15,041 |  |  | (32,277 | ) |  | — |  |  | 197,607 |
Cash, cash equivalents and restricted cash of continuing operations, beginning of period | 25,633 |  |  | 29,285 |  |  | 282,332 |  |  | — |  |  | 337,250 |
Cash, cash equivalents and restricted cash of continuing and discontinued operations, end of period | 240,476 |  |  | 44,326 |  |  | 250,055 |  |  | — |  |  | 534,857 |
Less: Cash and cash equivalents of discontinued operations, end of period | — |  |  | — |  |  | 6,470 |  |  | — |  |  | 6,470 |
Cash, cash equivalents and restricted cash, end of period | $ | 240,476 |  |  | $ | 44,326 |  |  | $ | 243,585 |  |  | $ | — |  |  | $ | 528,387 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In thousands)
| Year Ended December 31, 2018
| Parent |  | Guarantors |  | Non-Guarantors (1) |  | Eliminations |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 481,138 |  |  | $ | 277,595 |  |  | $ | 111,213 |  |  | $ | (159,207 | ) |  | $ | 710,739 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (848 | ) |  | (136,033 | ) |  | (113,146 | ) |  | — |  |  | (250,027 | )
Proceeds from disposals of property, plant and equipment | — |  |  | 22,393 |  |  | 5,266 |  |  | — |  |  | 27,659 |
Investment and intercompany note activity with subsidiaries | (97,261 | ) |  | — |  |  | — |  |  | 97,261 |  |  | — |
Return of investment in subsidiaries | 143,524 |  |  | — |  |  | — |  |  | (143,524 | ) |  | — |
Acquisitions, net of cash and restricted cash acquired | — |  |  | (8,217 | ) |  | (1,206,778 | ) |  | — |  |  | (1,214,995 | )
Investments in unconsolidated subsidiaries | — |  |  | (12,216 | ) |  | (48,084 | ) |  | — |  |  | (60,300 | )
Receipts of deferred purchase price on receivables under factoring arrangements | — |  |  | 317,091 |  |  | 36,991 |  |  | (317,091 | ) |  | 36,991 |
Other investing activities, net | 887 |  |  | 180 |  |  | 666 |  |  | — |  |  | 1,733 |
Net cash provided by (used in) investing activities | 46,302 |  |  | 183,198 |  |  | (1,325,085 | ) |  | (363,354 | ) |  | (1,458,939 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Debt issuance costs | (5,434 | ) |  | — |  |  | (15,694 | ) |  | — |  |  | (21,128 | )
Proceeds from issuance of Euro Notes (2026/28) | — |  |  | — |  |  | 1,232,100 |  |  | — |  |  | 1,232,100 |
Purchase of treasury stock | (60,000 | ) |  | — |  |  | — |  |  | — |  |  | (60,000 | )
Borrowings under revolving credit facilities | 765,632 |  |  | — |  |  | 901,693 |  |  | — |  |  | 1,667,325 |
Repayments under revolving credit facilities | (884,863 | ) |  | — |  |  | (644,107 | ) |  | — |  |  | (1,528,970 | )
Repayments under term loans | (354,800 | ) |  | — |  |  | — |  |  | — |  |  | (354,800 | )
Borrowings under receivables securitization facility | — |  |  | — |  |  | 10,120 |  |  | — |  |  | 10,120 |
Repayments under receivables securitization facility | — |  |  | — |  |  | (120 | ) |  | — |  |  | (120 | )
Payment of notes issued and assumed debt from acquisitions | — |  |  | — |  |  | (54,888 | ) |  | — |  |  | (54,888 | )
Repayments of other debt, net | (385 | ) |  | (3,636 | ) |  | (7,709 | ) |  | — |  |  | (11,730 | )
Other financing activities, net | 3,683 |  |  | — |  |  | 1,403 |  |  | — |  |  | 5,086 |
Investment and intercompany note activity with parent | — |  |  | (68,435 | ) |  | 165,696 |  |  | (97,261 | ) |  | — |
Dividends | — |  |  | (392,883 | ) |  | (226,939 | ) |  | 619,822 |  |  | — |
Net cash (used in) provided by financing activities | (536,167 | ) |  | (464,954 | ) |  | 1,361,555 |  |  | 522,561 |  |  | 882,995 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | (1,685 | ) |  | (75,626 | ) |  | — |  |  | (77,311 | )
Net (decrease) increase in cash, cash equivalents and restricted cash | (8,727 | ) |  | (5,846 | ) |  | 72,057 |  |  | — |  |  | 57,484 |
Cash, cash equivalents and restricted cash, beginning of period | 34,360 |  |  | 35,131 |  |  | 210,275 |  |  | — |  |  | 279,766 |
Cash, cash equivalents and restricted cash, end of period | $ | 25,633 |  |  | $ | 29,285 |  |  | $ | 282,332 |  |  | $ | — |  |  | $ | 337,250 |
LKQ CORPORATION AND SUBSIDIARIES Condensed Consolidating Statements of Cash Flows (In thousands)
| Year Ended December 31, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 243,011 |  |  | $ | 186,459 |  |  | $ | 95,617 |  |  | $ | (6,187 | ) |  | $ | 518,900 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (648 | ) |  | (87,102 | ) |  | (91,340 | ) |  | — |  |  | (179,090 | )
Proceeds from disposals of property, plant and equipment | — |  |  | 6,490 |  |  | 2,217 |  |  | — |  |  | 8,707 |
Investment and intercompany note activity with subsidiaries | 57,735 |  |  | — |  |  | — |  |  | (57,735 | ) |  | — |
Acquisitions, net of cash and restricted cash acquired | — |  |  | (335,582 | ) |  | (177,506 | ) |  | — |  |  | (513,088 | )
Proceeds from disposals of businesses | — |  |  | 305,740 |  |  | (4,443 | ) |  | — |  |  | 301,297 |
Investments in unconsolidated subsidiaries | — |  |  | (2,750 | ) |  | (4,914 | ) |  | — |  |  | (7,664 | )
Receipts of deferred purchase price on receivables under factoring arrangements (1) | — |  |  | 294,925 |  |  | — |  |  | (294,925 | ) |  | — |
Other investing activities, net | — |  |  | — |  |  | 5,243 |  |  | — |  |  | 5,243 |
Net cash provided by (used in) investing activities | 57,087 |  |  | 181,721 |  |  | (270,743 | ) |  | (352,660 | ) |  | (384,595 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |
Debt issuance costs | (4,267 | ) |  | — |  |  | — |  |  | — |  |  | (4,267 | )
Borrowings under revolving credit facilities | 558,000 |  |  | — |  |  | 281,171 |  |  | — |  |  | 839,171 |
Repayments under revolving credit facilities | (824,862 | ) |  | — |  |  | (121,615 | ) |  | — |  |  | (946,477 | )
Repayments under term loans | (27,884 | ) |  | — |  |  | — |  |  | — |  |  | (27,884 | )
Borrowings under receivables securitization facility | — |  |  | — |  |  | 11,245 |  |  | — |  |  | 11,245 |
Repayments under receivables securitization facility | — |  |  | — |  |  | (11,245 | ) |  | — |  |  | (11,245 | )
(Repayments) borrowings of other debt, net | (1,700 | ) |  | (1,318 | ) |  | 22,724 |  |  | — |  |  | 19,706 |
Other financing activities, net | 1,945 |  |  | (1,336 | ) |  | 6,575 |  |  | — |  |  | 7,184 |
Investment and intercompany note activity with parent | — |  |  | (65,498 | ) |  | 7,763 |  |  | 57,735 |  |  | — |
Dividends | — |  |  | (301,112 | ) |  | — |  |  | 301,112 |  |  | — |
Net cash (used in) provided by financing activities | (298,768 | ) |  | (369,264 | ) |  | 196,618 |  |  | 358,847 |  |  | (112,567 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | 706 |  |  | 22,806 |  |  | — |  |  | 23,512 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 1,330 |  |  | (378 | ) |  | 44,298 |  |  | — |  |  | 45,250 |
Cash, cash equivalents and restricted cash of continuing operations, beginning of period | 33,030 |  |  | 35,360 |  |  | 159,010 |  |  | — |  |  | 227,400 |
Add: Cash, cash equivalents and restricted cash of discontinued operations, beginning of period | — |  |  | 149 |  |  | 6,967 |  |  | — |  |  | 7,116 |
Cash, cash equivalents and restricted cash of continuing and discontinued operations, beginning of period | 33,030 |  |  | 35,509 |  |  | 165,977 |  |  | — |  |  | 234,516 |
Cash, cash equivalents and restricted cash, end of period | $ | 34,360 |  |  | $ | 35,131 |  |  | $ | 210,275 |  |  | $ | — |  |  | $ | 279,766 |

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